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Blue Foundry (BLFY)
NASDAQ:BLFY
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.11Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -1.58%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were notable achievements in loan growth, deposit growth, net interest margin expansion, and share repurchases, the quarter was also marked by a net loss and increased non-interest expenses. Liquidity remains strong, but there is a slight rise in non-performing assets.Company Guidance
During the Blue Foundry Bancorp's First Quarter 2025 Earnings Call, the company outlined several key metrics reflecting its strategic focus and financial performance. The bank achieved a 3% loan growth, enhancing the yield on its loan portfolio by 15 basis points, while deposit growth reached $44 million, with a 14 basis point reduction in deposit costs. These efforts contributed to a 27 basis point expansion in net interest margin. Despite a net loss of $2.7 million, or $0.13 per share, tangible book value per share increased to $14.81, aided by share repurchases. Loan production during the quarter totaled $90 million, with a weighted average yield of 7.1%, including $33 million in commercial real estate loans and $35 million in credit-enhanced consumer loans. The bank's liquidity remains strong, with $413 million in untapped borrowing capacity, and both the bank and holding company are well-capitalized with a tangible equity to tangible common assets ratio of 15.6%. The guidance also highlighted a 3.2% increase in deposits, and the bank's strategy to maintain robust asset quality and diversify its portfolio for sustainable earnings growth.Loan and Deposit Growth
Achieved 3% loan growth and $44 million in deposit growth during the quarter. The yield on the loan portfolio improved by 15 basis points, and the cost of deposits decreased by 14 basis points.
Net Interest Margin Expansion
Net interest margin expanded by 27 basis points, contributing to an improvement in net interest income by $1.3 million or 13.4%.
Tangible Book Value Per Share Increase
Tangible book value per share increased to $14.81, up $0.07 from the prior quarter.
Strong Liquidity Position
Liquidity remains robust with $413 million in untapped borrowing capacity and an additional $208 million in liquidity from unencumbered available-for-sale securities and unrestricted cash.
Share Repurchases
Repurchased 464,000 shares at a weighted average price of $9.52, enhancing shareholder value.
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BLFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $9.49 | $9.34 | -1.58% |
| Jan 29, 2025 | $9.79 | $9.78 | -0.10% |
| Oct 23, 2024 | $10.04 | $9.91 | -1.29% |
| Jul 24, 2024 | $11.08 | $10.80 | -2.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blue Foundry (BLFY) report earnings?
Blue Foundry (BLFY) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Blue Foundry (BLFY) earnings time?
Blue Foundry (BLFY) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLFY EPS forecast?
BLFY EPS forecast for the fiscal quarter 2025 (Q2) is -0.12.
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