Blue Foundry Bancorp (BLFY) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
19 PARK AVENUE RUTHERFORD, NJ 07070 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6036 - Savings Institutions, Not Federally Chartered (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 46,025 | 41,182 | 193,446 | |||
| Cash and cash equivalents | 46,025 | 41,182 | 193,446 | |||
| Debt securities, held-to-maturity, accrued interest, after allowance for credit loss | ✕ | 1,500 | ||||
| Total current assets: | 47,525 | 41,182 | 193,446 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 25,172 | 25,906 | 25,457 | |||
| Property, plant and equipment | 32,475 | 29,825 | 28,126 | |||
| Total noncurrent assets: | 57,647 | 55,731 | 53,583 | |||
| Other undisclosed assets | 1,939,791 | 1,946,425 | 1,667,182 | |||
| TOTAL ASSETS: | 2,044,963 | 2,043,338 | 1,914,211 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Debt | 327,000 | 252,000 | 109,000 | |||
| Total current liabilities: | 327,000 | 252,000 | 109,000 | |||
| Noncurrent Liabilities | ||||||
| Other undisclosed liabilities | 1,362,323 | 1,397,620 | 1,375,740 | |||
| Total liabilities: | 1,689,323 | 1,649,620 | 1,484,740 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 355,640 | 393,718 | 429,471 | |||
| Common stock | 285 | 285 | 285 | |||
| Treasury stock, value | (40,016) | (12,072) | ||||
| Additional paid in capital | 273,991 | 279,454 | 282,006 | |||
| Accumulated other comprehensive loss | (22,880) | (24,719) | (372) | |||
| Retained earnings | 164,340 | 171,763 | 169,457 | |||
| Other undisclosed equity, attributable to parent | (20,080) | (20,993) | (21,905) | |||
| Total equity: | 355,640 | 393,718 | 429,471 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,044,963 | 2,043,338 | 1,914,211 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 65,936 | 52,293 | 48,718 | ||
| Net investment income | 65,685 | 52,279 | 48,719 | ||
| Gross profit: | 65,936 | 52,293 | 48,718 | ||
| Operating expenses | (17,844) | (18,557) | (33,175) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 390 | 494 | 590 | ||
| Operating income: | 48,482 | 34,230 | 16,133 | ||
| Interest and debt expense | (37,186) | (10,570) | (13,104) | ||
| Income from continuing operations before income taxes: | 11,296 | 23,660 | 3,029 | ||
| Income tax expense | (338) | (9,618) | |||
| Income (loss) from continuing operations: | 11,296 | 23,322 | (6,589) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (6,589) | |
| Net income (loss): | 11,296 | 23,322 | (6,589) | ||
| Other undisclosed net loss attributable to parent | (18,693) | (20,926) | (29,753) | ||
| Net income (loss) available to common stockholders, diluted: | (7,397) | 2,396 | (36,342) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 11,296 | 23,322 | (6,589) | ||
| Other comprehensive income (loss) | 1,839 | (24,347) | 659 | ||
| Comprehensive income (loss): | 13,135 | (1,025) | (5,930) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (18,693) | (20,926) | (29,753) | ||
| Comprehensive loss, net of tax, attributable to parent: | (5,558) | (21,951) | (35,683) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.