NASDAQ$BLFY
Blue Foundry Bancorp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported second quarter financial results highlighted by record loan growth.
Blue Foundry Bancorp reported a net income of $40 thousand for the second quarter of 2022. Gross loans grew by $94.3 million, or 7.1%, compared to the linked quarter, excluding Paycheck Protection Program (“PPP”) loans, led by commercial real estate products. Pre-provision net revenue was $529 thousand, an increase of $1.0 million compared to the prior quarter, and an increase of $2.3 million compared to the prior year quarter.
- Organic loan originations totaled $147.0 million for the quarter, including originations of $94.6 million in multifamily loans and $36.7 million non-residential real estate loans.
- Core deposits increased $27.9 million, or 3.3%, compared to the linked quarter, led by a $25.0 million increase in business accounts.
- Non-interest expense, excluding the provision for commitments and letters of credit, improved $259 thousand or 1.9% sequentially.
- Net interest income for the quarter was $13.2 million, an increase of $1.2 million, or 10.2%, compared to the prior quarter.
Headline financials
Revenue & EPS history
Blue Foundry · Revenue · Quarterly
$13.7M
Revenue by segment
Blue Foundry · $1.42B total across 7 segments · Q2 2022
- Residential$590M—41.4%
- Multifamily$579M—40.7%
- Commercial real estate$212M—14.9%
- Construction$21M—1.5%
- Junior liens$16.4M—1.2%
- Commercial and industrial$5.96M—0.4%
- Consumer and other$47K—0.0%
Forward guidance
The press release does not contain any forward guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q2 2022
+0.1%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+3.5%
Avg return
30 days after
39%
7 / 18 earnings
Positive
+3.9%
Q4 2023
Best reaction
-6.1%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.6% | +3.4% | — | |
| Q3 2025 | -1.6% | -4.4% | +27.6% | |
| Q2 2025 | -1.6% | -3.6% | +5.3% | |
| Q1 2025 | -1.6% | +5.2% | -4.5% | |
| Q3 2024 | -1.8% | -0.4% | +12.5% | |
| Q2 2024 | +1.7% | +0.9% | -2.5% | |
| Q1 2024 | -0.7% | +0.7% | +8.5% | |
| Q4 2023 | +3.9% | +5.5% | -5.1% | |
| Q3 2023 | +2.0% | -1.6% | +15.2% | |
| Q2 2023 | +2.5% | +1.8% | -5.5% | |
| Q1 2023 | -0.2% | -5.7% | -3.9% | |
| Q4 2022 | -6.1% | -6.1% | -2.7% | |
| Q3 2022 | +2.8% | +4.5% | +10.6% | |
| Q2 2022 | -0.6% | -1.1% | -3.2% | |
| Q1 2022 | +3.4% | +1.4% | -3.9% | |
| Q4 2021 | -0.1% | +1.0% | -4.1% | |
| Q3 2021 | -0.4% | -0.6% | +7.9% | |
| Q2 2021 | -0.6% | -0.6% | +7.1% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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