---
title: "Blue Foundry Bancorp 10-K: $95.3M Interest Income, $(0.51) EPS"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281232258.md"
description: "Blue Foundry Bancorp reported $95.3 million in interest income and a net loss of $(10.0) million, or $(0.51) per share, for the year. The increase in interest income was driven by higher loan yields and a $108.9 million loan growth, improving net interest margin to 2.30%. Non-interest expenses rose to $57.0 million, including merger-related costs. The company focused on enhancing brand awareness and diversifying its deposit mix to manage risks. Overall, the financial results showed growth in revenue and loan expansion despite the net loss."
datetime: "2026-03-31T19:15:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281232258.md)
  - [en](https://longbridge.com/en/news/281232258.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281232258.md)
generator: "portal-rs"
---

# Blue Foundry Bancorp 10-K: $95.3M Interest Income, $(0.51) EPS

Blue Foundry Bancorp reported total interest income of $95.3 million and net interest income of $47.4 million for the year, reflecting growth from higher loan yields and loan book expansion, while the company recorded a net loss of $(10.0) million, or $(0.51) per share. Revenue drivers included higher loan yields and $108.9 million of loan growth that lifted net interest margin to 2.30%. Results were weighed by a higher provision and elevated non-interest expense, including merger-related costs.

**Financial Highlights**

-   **Total interest income**: $95.3 million, up $9.9 million (11.5%) year-over-year.
-   **Net interest income**: $47.4 million, up $9.8 million (26.2%); net interest margin 2.30% (up 40 basis points).
-   **Net loss**: $(10.0) million, improved from $(11.9) million in the prior year.
-   **Basic and diluted loss per share**: $(0.51), improved from $(0.55) prior year.
-   **Non-interest income**: $1.7 million, roughly stable (down $0.1 million).
-   **Non-interest expense**: $57.0 million, up $4.4 million (8.3%), including $1.3 million of merger-related costs.

**Business Highlights**

-   **Revenue growth and loan expansion**: Core operating revenue benefited from higher loan yields and gross loans increasing by $107 million (6.8%), driven by consumer and commercial real estate originations and strategic loan acquisitions.
-   **Channel and product strategy**: Continued investment in technology and delivery channels to expand retail, commercial, and small business offerings.
-   **Brand and market positioning**: Emphasis on enhancing brand awareness and workforce to strengthen community banking presence in core markets.
-   **Risk management and funding**: Implemented interest-rate hedges and diversified the deposit mix, including use of brokered time deposits, to manage funding and interest-rate risk.

Original SEC Filing: Blue Foundry Bancorp \[ BLFY \] - 10-K - Mar. 31, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**