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Stock impact report

Blue Foundry Bancorp Reports First Quarter 2024 Results [Yahoo! Finance]

Blue Foundry Bancorp (BLFY) 
Company Research Source: Yahoo! Finance
Bank (the “Bank”), today reported a net loss of $2.8 million, or $0.13 per diluted common share, for the three months ended March 31, 2024, compared to net loss of $2.9 million, or $0.13 per diluted common share, for the three months ended December 31, 2023, and a net loss of $1.2 million, or $0.05 per diluted common share, for the three months ended March 31, 2023. James D. Nesci, President and Chief Executive Officer, commented, “The first quarter was highlighted by significant deposit growth generated through the efforts of our staff. This growth was a catalyst for the margin expansion realized during the quarter. Our asset quality remains strong and our exposure to the more concerning lending markets is minimal.” Mr. Nesci continued, “As we are committed to being good stewards of capital, we were pleased to announce our fourth repurchase program in the first quarter. During the quarter, we repurchased more than 532 thousand shares and increased our tangible book value per shar Show less Read more
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