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BLFY

Blue Foundry Bancorp

BLFY

Blue Foundry Bancorp • NASDAQ
$11.36 ▼ -0.53% (-0.06)
Market Cap $235.85 M
52w High $11.61
52w Low $7.61
Dividend Yield 0%
P/E -25.24
Volume 51.82K
Outstanding Shares 20.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $0 ▲ 0% ▲ $-0.096 ▲ $0 ▲
Q2-2025 $23.843M ▲ $13.539M ▼ $-1.957M ▲ -8.208% ▲ $-0.099 ▲ $-538K ▲
Q1-2025 $23.107M ▲ $13.629M ▲ $-2.692M ▼ -11.65% ▲ $-0.13 $-1.258M ▲
Q4-2024 $22.205M ▲ $12.881M ▼ $-2.687M ▲ -12.101% ▲ $-0.13 ▲ $-4.066M ▼
Q3-2024 $21.919M $13.267M $-4.041M -18.436% $-0.19 $-2.544M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $2.156B ▲ $1.841B ▲ $314.397M ▼
Q2-2025 $326.116M ▼ $2.128B ▲ $1.806B ▲ $321.3M ▼
Q1-2025 $332.84M ▼ $2.092B ▲ $1.766B ▲ $326.663M ▼
Q4-2024 $339.53M ▼ $2.061B ▲ $1.728B ▲ $332.198M ▼
Q3-2024 $366.915M $2.055B $1.716B $339.299M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.868M ▲ $-255K ▼ $-24.862M ▲ $27.326M ▼ $2.209M ▲ $-70K ▼
Q2-2025 $-1.957M ▲ $2.008M ▲ $-40.844M ▼ $34.493M ▲ $-4.343M ▼ $1.884M ▲
Q1-2025 $-2.692M ▼ $-3.793M ▼ $-26.583M ▲ $34.094M ▲ $3.718M ▲ $-3.854M ▼
Q4-2024 $-2.687M ▲ $-512K ▲ $-43.128M ▼ $10.033M ▲ $-33.607M ▼ $-613K ▲
Q3-2024 $-4.041M $-3.695M $11.474M $8.068M $15.847M $-3.734M

Five-Year Company Overview

Income Statement

Income Statement Blue Foundry has been growing its revenue gradually, but profits have been inconsistent and generally weak. The bank has hovered around break-even at the operating level, with small losses in most years and only a brief move into the black. This suggests that while the core business is functioning, the cost base and interest margin pressure have made it hard to generate steady, healthy earnings. Overall, the income statement points to a franchise that is still in the process of scaling and optimizing rather than one already delivering strong, reliable profitability.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable, with total assets trending slightly upward over time and a solid, though not expanding, capital base. Cash levels have moved down from earlier, more liquid positions, while borrowings have crept higher, indicating a greater reliance on wholesale or other non-core funding. Equity remains meaningful, but the lack of sustained profits means capital is not being built up organically. In short, the balance sheet appears adequate for a small regional bank, but not especially conservative or rapidly strengthening.

Cash Flow

Cash Flow Cash generation from the core business has been roughly around break-even, occasionally dipping modestly into negative territory. Free cash flow has also tended to be slightly negative after factoring in ongoing investment, even though spending on physical assets is relatively modest, as is typical for a bank. This pattern suggests a franchise that is self-funding day to day, but not yet throwing off surplus cash that could easily support larger growth initiatives, dividends, or aggressive balance sheet expansion without outside capital or a larger parent.

Competitive Edge

Competitive Edge Blue Foundry operates as a community-focused bank in a crowded northern New Jersey market, where it competes with large national players, sizable regional banks, and other local institutions. Its edge comes from long-standing local relationships, a “boutique” feel, and personalized service that can appeal to customers who prefer a high-touch experience over a big-bank model. However, its modest scale and limited geographic footprint make it vulnerable to pricing pressure and marketing power from larger competitors. The announced acquisition by Fulton Financial is a direct recognition that greater scale and a broader platform may be needed to stay competitive over the long term.

Innovation and R&D

Innovation and R&D The bank has been actively modernizing: upgrading its digital banking, adding user-friendly mobile features, and improving website accessibility, including multilingual capabilities. Management has emphasized a boutique-style digital experience rather than cutting-edge, proprietary technology, aiming to blend personal service with competent online tools. The appointment of a technology-focused executive and investments in hybrid work infrastructure further underline this modernization push. That said, most of these efforts bring the bank in line with industry standards rather than putting it ahead of the curve. Once it becomes part of Fulton, future innovation will likely be driven by the larger parent’s technology roadmap, which could bring better tools but may dilute Blue Foundry’s distinct digital identity.

Summary

Blue Foundry Bancorp is a small, relationship-driven regional bank that has been steadily modernizing but has not yet achieved strong, consistent profitability on its own. Its financials show modest revenue growth, thin margins, and limited cash generation, supported by a generally stable but not rapidly strengthening balance sheet. Competitively, it leans on local roots and personalized service in a tough, overbanked market. The pending acquisition by Fulton Financial is the key turning point: Blue Foundry’s future will likely be defined less by its standalone performance and more by how well its community focus, customer relationships, and modernized but not cutting-edge platform are integrated into a larger regional banking franchise. Uncertainties center on integration execution, customer retention, and how much of the boutique culture and brand will survive under new ownership.

NEWS

November 24, 2025 · 6:03 PM UTC

Blue Foundry Corporation Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Blue Foundry Bancorp - BLFY

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November 24, 2025 · 2:00 PM UTC

Shareholder Alert: The Ademi Firm investigates whether Blue Foundry Bancorp is obtaining a Fair Price for its Public Shareholders

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November 24, 2025 · 10:38 AM UTC

BLFY Merger Investigation: Halper Sadeh LLC is Investigating Whether the Sale of Blue Foundry Bancorp is Fair to Shareholders

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November 24, 2025 · 8:47 AM UTC

Fulton Financial Corporation and Blue Foundry Bancorp Combining in All-Stock Merger

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November 24, 2025 · 8:45 AM UTC

FULTON FINANCIAL CORPORATION AND BLUE FOUNDRY BANCORP COMBINING IN ALL-STOCK MERGER

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