Blue Foundry Bancorp reports Q2 EPS (11c) vs (8c) last year

Net interest margin increased four basis points from the prior quarter to 1.96%. Book value per share was $14.70 and tangible book value per share was $14.69. Tangible equity to tangible assets was 16.88% and tangible common equity per share outstanding was $14.69. James Nesci, President and Chief Executive Officer, commented, “Deposit growth continued in the second quarter despite the highly competitive environment in our market area. We remain focused on growing the commercial loan portfolios and saw increases in commercial real estate and construction lending.”