Blue Foundry Bancorp reports Q2 EPS (10c) vs (11c) last year

Book value per share was $14.88 and tangible book value per share was $14.87. James Nesci, President and Chief Executive Officer, commented, “We are encouraged by the continued improvement experienced this quarter, highlighted by net interest margin expansion, stable expenses, and continued strong credit metrics.” Nesci further noted, “The net interest margin expanded due to improvements in both asset yields and the cost of liabilities. We continue to execute on our strategy of diversifying our loan portfolio, emphasizing asset classes that provide higher yields and better risk-adjusted returns. Additionally, our focus on attracting the full banking relationship has contributed to core deposit growth, especially among commercial customers. We believe these efforts will position us well for continued balance sheet and interest income growth.”