Blue Foundry (BLFY) Q2 Revenue Up 132%
Blue Foundry Bancorp (NASDAQ:BLFY), a New Jersey-based community bank, released its earnings for Q2 2025 on July 30, 2025, reporting continued incremental improvement in core results. The company posted a diluted loss per share of $(0.10) (GAAP), narrower than the $(0.12) GAAP anticipated by analysts and smaller than last year’s $(0.11) GAAP loss. Results reflect outperformance on both the top and bottom line (GAAP), with expanding margins and progress in loan and deposit growth. Despite these gains, the period remained unprofitable, but the overall assessment points to slow, steady progress in key operating areas.
Source: Analyst estimates for the quarter provided by FactSet.
Blue Foundry Bancorp operates as a community-focused bank, providing personal and commercial banking services, including loans and deposit products, mainly in northern New Jersey. It is known for holding less than 1% of bank deposits in a highly competitive and affluent region, serving individuals and small to midsize businesses.
Source Fool.com
