Blue Foundry Bancorp reports Q3 EPS (10c) vs (19c) last year

James Nesci, President and Chief Executive Officer, commented, “During the third quarter, we experienced expansion in our net interest margin due to improvements in both yield on assets and cost of funds. Our strategy of focusing on obtaining the full banking relationship, coupled with diversifying our loan portfolio with an emphasis on asset classes that provide higher yields and better risk-adjusted returns, will position us well for continued balance sheet and interest income growth.”