Blue Foundry Bancorp (BLFY)

Blue Foundry Bancorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	70.19	65.69	52.28	48.72	54.13
Interest Income on Investments	15.27	13.42	10.13	7.33	7.5
Total Interest Income	85.45	79.11	62.41	56.05	61.63
Interest Paid on Deposits	36.83	24.12	5.74	7.88	15.88
Interest Paid on Borrowings	11.07	13.07	4.83	5.22	6.68
Total Interest Expense	47.9	37.19	10.57	13.1	22.56
Net Interest Income	37.55	41.92	51.84	42.95	39.07
Net Interest Income Growth (YoY)	-10.42%	-19.14%	20.71%	9.93%	-8.98%
Gain (Loss) on Sale of Assets	-	-	-	-	-12.78
Gain (Loss) on Sale of Investments	-	0.02	0.01	-0	0.07
Other Non-Interest Income	1.76	1.55	2.65	2.48	2.53
Total Non-Interest Income	1.79	1.81	2.66	2.48	-11.57
Non-Interest Income Growth (YoY)	-0.61%	-32.25%	7.46%	-	-
Revenues Before Loan Losses	39.34	43.72	54.51	45.43	27.5
Provision for Loan Losses	-1.35	-0.44	-1	-2.52	2.52
Revenue	40.69	44.17	55.51	47.95	24.98
Revenue Growth (YoY)	-7.86%	-20.43%	15.77%	91.92%	-43.58%
Salaries and Employee Benefits	25.38	24.67	27.43	24.48	22.64
Occupancy Expenses	5.05	4.62	7.63	7.93	6.16
Federal Deposit Insurance	0.86	0.8	0.38	0.49	0.33
Selling, General & Administrative	16.73	17	12.75	15.13	15.44
Other Non-Interest Expense	4.6	4.48	4.59	4.28	3.49
Total Non-Interest Expense	52.61	51.56	52.77	52.31	48.05
EBT Excluding Unusual Items	-11.91	-7.4	2.73	-4.36	-23.07
Other Unusual Items	-	-	-	-22.36	-0.84
Pretax Income	-11.91	-7.4	2.73	-26.72	-39.37
Income Tax Expense	-	-	0.34	9.62	-7.87
Net Income	-11.91	-7.4	2.4	-36.34	-31.51
Net Income to Common	-11.91	-7.4	2.4	-36.34	-31.51
Basic Shares Outstanding	21	24	26	12	0
Diluted Shares Outstanding	21	24	26	12	0
Shares Change (YoY)	-10.23%	-8.93%	115.85%	12071.05%	-
EPS (Basic)	-0.55	-0.31	0.09	-2.99	-315.06
EPS (Diluted)	-0.55	-0.31	0.09	-2.99	-315.06
Effective Tax Rate	-	-	12.36%	-	-

Updated Jan 29, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q