NASDAQ$BLFY
Blue Foundry Bancorp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Blue Foundry Bancorp reported a net loss for Q4 2023, impacted by industry-wide challenges, while maintaining strong capital levels and credit quality.
Blue Foundry Bancorp reported a net loss of $2.9 million for the fourth quarter of 2023, compared to a net income of $562 thousand for the same period in 2022. The results were affected by unprecedented rate hikes, large bank failures, and a slowing economy. However, the company's capital levels and credit quality remained strong, and expenses were managed efficiently.
- Net loss of $2.9 million, or $0.13 per diluted common share, compared to a net income of $562 thousand, or $0.02 per diluted common share for Q4 2022.
- Non-interest expense, excluding the provision for commitments and letters of credit, decreased by $529 thousand, or 4.05%, compared to Q4 2022.
- Tangible book value per share increased $0.25 to $14.49 from the linked quarter.
- Net interest margin decreased ten basis points from the linked quarter and 78 basis points from the fourth quarter of 2022 to 1.84% for the fourth quarter of 2023.
Headline financials
Revenue & EPS history
Blue Foundry · Revenue · Quarterly
$9.77M
Revenue by segment
Blue Foundry · $1.58B total across 7 segments · Q2 2023
- Multifamily$697M+20.3%44.1%
- Residential$580M-1.7%36.7%
- Commercial real estate$237M+12.1%15.0%
- Construction$36M+71.5%2.3%
- Junior liens$21.3M+29.9%1.3%
- Commercial and industrial$9.74M+63.6%0.6%
- Consumer and other$33K-29.8%0.0%
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 Q4 2023
+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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