Blue Foundry Bancorp
Description
Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses in the United States. The company offers saving, time, and non-interest bearing deposits; demand accounts; and loans, such as one-to-four family residential property, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as junior liens and home equity lines of credit. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.
About
CEO
Mr. James D. Nesci
Employees
179
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
19 Park Avenue, Rutherford, NJ 07070, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 29, 2025 | -0.18 | -0.13 | 0.05 | -27.78% |
| Oct 23, 2024 | -0.17 | -0.19 | -0.02 | 11.76% |
| Jul 24, 2024 | -0.21 | -0.11 | 0.10 | -47.62% |
| Apr 24, 2024 | -0.21 | -0.13 | 0.08 | -38.10% |
| Jan 24, 2024 | -0.15 | -0.13 | 0.02 | -13.33% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 2 | 2 | 2 | 0 |
| Average estimate | -0.17 | -0.14 | -0.52 | 0.00 |
| Low estimate | -0.18 | -0.15 | -0.57 | 0.00 |
| High estimate | -0.16 | -0.13 | -0.47 | 0.00 |
| Last year EPS | -0.13 | -0.11 | -0.56 | -0.52 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-29.080%
Next qtr. (Jun 2025)
-27.270%
Current year (Dec 2025)
6.530%
Next year (Dec 2026)
70.190%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 43.72M | 54.51M | 45.43M | 27.50M | 45.54M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 29.59M | 30.69M | 28.64M | 29.88M | 28.00M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | -7.40M | 2.73M | -26.72M | -39.37M | 7.32M |
| Tax provision | — | 338,000 | 9.62M | -7.87M | 1.84M |
| Net income | -7.40M | 2.40M | -36.34M | -31.51M | 5.48M |
| Basic EPS | -0.31 | 0.09 | -2.99 | -1.13 | 0.20 |
| Diluted EPS | -0.31 | 0.09 | -2.99 | -1.13 | 0.20 |
| Basic average shares | 23.93M | 26.17M | 12.17M | 27.77M | 27.77M |
| Diluted average shares | 23.93M | 26.17M | 12.17M | 27.77M | 27.77M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | -7.40M | 2.40M | -36.34M | -31.51M | 5.48M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 46.03M | 41.18M | 193.45M | 316.45M | 124.03M |
| Other short term investments | 283.77M | 314.25M | 324.89M | 244.59M | 204.41M |
| Accounts receivable | 7.60M | 6.89M | 5.37M | 5.75M | 5.39M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 25.17M | 25.91M | 25.46M | 24.88M | — |
| Land and improvements | 3.06M | 3.06M | 3.79M | 4.32M | 8.58M |
| Machinery furniture equipment | 11.30M | 10.08M | 9.33M | 8.64M | 10.61M |
| Construction in progress | 8,000 | 716,000 | 1.62M | 5.10M | 608,300 |
| Leases | 15.40M | 10.89M | 10.17M | 3.20M | 3.98M |
| Accumulated depreciation | -15.85M | -13.37M | -11.37M | -13.00M | -25.17M |
| Goodwill | — | — | — | — | 30.92M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 317.02M | 347.95M | 348.17M | 251.59M | 218.08M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 424.28M | 337.82M | 212.20M | 354.94M | 296.90M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 285,000 | 285,000 | 285,000 | 10,000 | 10,000 |
| Retained earnings | 164.34M | 171.76M | 169.46M | 205.80M | 237.31M |
| Other shareholders equity | -22.88M | -24.72M | -372,000 | -1.03M | -517,000 |
| Total shareholders equity | 355.64M | 393.72M | 429.47M | 205.60M | 237.62M |
| Additional paid in capital | 273.99M | 279.45M | 282.01M | 822,000 | 822,122 |
| Treasury stock | 40.02M | 12.07M | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -7.40M | 2.40M | -36.34M | -31.51M | 5.48M |
| Depreciation | 2.87M | 2.66M | 2.35M | 1.93M | 1.92M |
| Deferred Taxes | — | — | 8.73M | -6.45M | 826,285 |
| Stock-Based Compensation | 3.77M | 1.82M | 1.27M | — | — |
| Other Non-Cash Items | 231,000 | — | 7.50M | 1.39M | — |
| Accounts Receivable | -702,000 | -1.52M | 377,000 | -355,000 | 34,748 |
| Accounts Payable | — | — | — | — | — |
| Other Assets & Liabilities | -10.66M | -1.97M | 2.49M | 1.77M | -4.85M |
| Operating Cash Flow | -11.89M | 3.38M | -13.63M | -33.23M | 3.41M |
| Investing Activities | |||||
| Capital Expenditures | -5.53M | -5.36M | -11.90M | -7.29M | -2.20M |
| Net Intangibles | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — |
| Purchase of Investments | -15.52M | -90.79M | -188.32M | -128.57M | -128.51M |
| Sale of Investments | 50.76M | 52.53M | 86.22M | 99.28M | 40.34M |
| Investing Cash Flow | 25.96M | -49.35M | -100.67M | -37.76M | -109.92M |
| Financing Activities | |||||
| Long-Term Debt Issuance | 2.29B | 1.42B | 583.60M | 621.00M | 539.90M |
| Long-Term Debt Payments | -2.21B | -1.30B | -727.50M | -588.50M | -439.50M |
| Other Financing Charges | -373,000 | -280,000 | -1.26M | -1.37M | -197,985 |
| Financing Cash Flow | 50.62M | 109.37M | 105.62M | 31.13M | 100.20M |
| Other Cash Details | |||||
| End Cash Position | 46.03M | 41.18M | 193.45M | 316.45M | 124.03M |
| Income Tax Paid | 96,000 | 190,000 | 150,000 | 167,000 | 1.62M |
| Interest Paid | 36.31M | 10.71M | 12.84M | 22.57M | 21.70M |
| Free Cash Flow | -17.69M | -2.59M | -26.04M | -8.55M | 3.23M |
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