Blue Foundry Bancorp Q3 net loss narrows as interest margin improves

Blue Foundry Bancorp

29/10/2025 12:22

Overview

Blue Foundry Bancorp Q3 net loss narrows to $1.9 mln from $4.0 mln yr/yr

Net interest margin increased to 2.34% from 2.28% in the previous quarter

Company repurchased 837,388 shares at an average price of $9.09 per share

Outlook

Blue Foundry focuses on diversifying loan portfolio for higher yields and better returns

Company expects profitability improvement to enhance market valuation

Blue Foundry aims for balance sheet and interest income growth

Result Drivers

NET INTEREST MARGIN - Co experienced expansion in net interest margin due to improvements in yield on assets and cost of funds, per CEO James D. Nesci

LOAN AND DEPOSIT GROWTH - Loans increased by $41.9 mln and deposits by $77.1 mln compared to the linked quarter

DIVERSIFIED LOAN PORTFOLIO - Co focused on diversifying loan portfolio with higher yields and better risk-adjusted returns, per CEO James D. Nesci

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.10
Q3 Net Income
-$1.90 mln
Q3 Net Interest Income
$12.20 mln
Q3 Net Interest Margin
2.34%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Blue Foundry Bancorp is $10.00, about 13.8% above its October 28 closing price of $8.62

Press Release: ID:nGNX4KqmSr

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)