NASDAQ$BLFY
Blue Foundry Bancorp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported net income of $1.2 million, driven by strong loan and core deposit growth and a focus on expense management.
Blue Foundry Bancorp reported a net income of $1.2 million for Q3 2022, a significant improvement compared to the previous quarter and the net loss in the same quarter of the previous year. This positive performance was attributed to strong loan and core deposit growth, coupled with a continued focus on expense management.
- Gross loans grew by $68.1 million, excluding PPP loans, led by commercial real estate products.
- Core deposits increased $35.0 million, now representing 71% of total deposits.
- Net interest income increased by $653 thousand to $13.8 million.
- The company recorded a release of provision for loan losses of $419,000.
Headline financials
Revenue & EPS history
Blue Foundry · Revenue · Quarterly
$14.6M
Revenue by segment
Blue Foundry · $1.49B total across 7 segments · Q3 2022
- Multifamily$679M—45.6%
- Residential$592M—39.7%
- Commercial real estate$185M—12.4%
- Junior liens$16.7M—1.1%
- Construction$13M—0.9%
- Commercial and industrial$4.74M—0.3%
- Consumer and other$39K—0.0%
Forward guidance
No specific forward guidance was provided in the press release.
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 Q3 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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