Blue Foundry Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Interest Income on Loans	69.32	65.69	52.28	48.72	54.13	58.66
Interest Income on Investments	14.69	13.42	10.13	7.33	7.5	6.17
Total Interest Income	84	79.11	62.41	56.05	61.63	64.83
Interest Paid on Deposits	35.01	24.12	5.74	7.88	15.88	16.79
Interest Paid on Borrowings	11.72	13.07	4.83	5.22	6.68	5.12
Total Interest Expense	46.73	37.19	10.57	13.1	22.56	21.91
Net Interest Income	37.27	41.92	51.84	42.95	39.07	42.92
Net Interest Income Growth (YoY)	-18.35%	-19.14%	20.71%	9.93%	-8.98%	-
Gain (Loss) on Sale of Assets	-	-	-	-	-12.78	0
Gain (Loss) on Sale of Investments	0.02	0.02	0.01	-0	0.07	0.23
Other Non-Interest Income	1.82	1.55	2.65	2.48	2.53	2.39
Total Non-Interest Income	1.95	1.81	2.66	2.48	-11.57	2.62
Non-Interest Income Growth (YoY)	16.04%	-32.24%	7.46%	-	-	-
Revenues Before Loan Losses	39.22	43.72	54.51	45.43	27.5	45.54
Provision for Loan Losses	-0.89	-0.44	-1	-2.52	2.52	1.27
Revenue	40.11	44.17	55.51	47.95	24.98	44.28
Revenue Growth (YoY)	-16.69%	-20.43%	15.77%	91.92%	-43.58%	-
Salaries and Employee Benefits	25.44	24.67	27.43	24.48	22.64	21.17
Occupancy Expenses	8.75	8.35	7.63	7.93	6.16	5.35
Federal Deposit Insurance	0.83	0.8	0.38	0.49	0.33	0.22
Selling, General & Administrative	12.79	13.27	12.75	15.13	15.44	8.1
Other Non-Interest Expense	4.47	4.48	4.59	4.28	3.49	2.11
Total Non-Interest Expense	52.27	51.56	52.77	52.31	48.05	36.96
EBT Excluding Unusual Items	-12.16	-7.4	2.73	-4.36	-23.07	7.32
Other Unusual Items	-	-	-	-22.36	-0.84	-
Pretax Income	-12.16	-7.4	2.73	-26.72	-39.37	7.32
Income Tax Expense	-	-	0.34	9.62	-7.87	1.84
Net Income	-12.16	-7.4	2.4	-36.34	-31.51	5.48
Net Income to Common	-12.16	-7.4	2.4	-36.34	-31.51	5.48
Basic Shares Outstanding	22	24	26	12	0	-
Diluted Shares Outstanding	22	24	26	12	0	-
Shares Change (YoY)	-10.92%	-8.93%	115.85%	12071.05%	-	-
EPS (Basic)	-0.55	-0.31	0.09	-2.99	-315.06	-
EPS (Diluted)	-0.56	-0.31	0.09	-2.99	-315.06	-
Effective Tax Rate	-	-	12.36%	-	-	25.12%

Source: S&P Capital IQ. Banks template. Financial Sources.