Persistent operational deficits, evidenced by a $3.5 million net loss in 2025Q4, have forced the bank to utilize its investment securities portfolio for liquidity, including a $89.5 million purchase of securities in the same period.
| Cash from Operations | -8.02M | 5.06M | -12.12M | 2.78M | -14.14M | -1.25M | 5.43M |
| Operating CF Growth % | -258.33% | 141.78% | -536.06% | 119.65% | -1029.55% | -123.04% | - |
| Net Income | -10.03M | -11.91M | -7.4M | 2.4M | -36.34M | -31.51M | 5.48M |
| Depreciation & Amortization | 2.95M | 3.13M | 2.87M | 2.66M | 2.35M | 1.93M | 1.92M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 8.73M | -6.45M | 826.28K |
| Other Non-Cash Items | 1.65M | -913K | -2K | -605K | -1.75M | 33.36M | 2.02M |
| Working Capital Changes | -6.58M | 10.7M | -11.36M | -3.49M | 11.6M | 1.41M | -4.82M |
| Cash from Investing | -93.04M | -30.01M | 10.3M | -306.24M | -105.33M | 101.39M | -57.71M |
| Purchase of Investments | -133.49M | -89.26M | -15.52M | -90.79M | -188.32M | -128.57M | -128.51M |
| Sale/Maturity of Investments | 140.44M | 78.63M | 50.76M | 52.53M | 86.22M | 99.28M | 40.34M |
| Net Investment Activity | 6.96M | -10.63M | 35.23M | -38.26M | -102.1M | -29.29M | -88.17M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -100M | -19.24M | -19.36M | -262.62M | 8.67M | 137.98M | 32.66M |
| Cash from Financing | 111.69M | 21.42M | 6.66M | 151.19M | -3.52M | 92.27M | 141.86M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -16.27M | -19.42M | -36.01M | -15.35M | 0 | 0 | 0 |
| Stock Issued | 21K | 0 | 0 | 0 | 250.78M | 0 | 0 |
| Net Stock Activity | -16.25M | -19.42M | -36.01M | -15.35M | 250.78M | 0 | 0 |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Other Financing | 166.44M | 98.84M | -44.33M | 41.54M | -110.4M | 59.77M | 41.46M |
| Net Change in Cash | 10.64M | -3.52M | 4.84M | -152.26M | -123M | 192.41M | 89.58M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 42.5M | 46.02M | 41.18M | 193.45M | 316.44M | 124.03M | 34.45M |
| Cash at End | 53.14M | 42.5M | 46.02M | 41.18M | 193.45M | 316.44M | 124.03M |
| Interest Paid | 47.12M | 48.04M | 36.31M | 10.71M | 12.84M | 22.57M | 21.7M |
| Income Taxes Paid | 116K | 136K | 96K | 190K | 150K | 167K | 1.62M |
| Free Cash Flow | -8.31M | 4.92M | -17.69M | -2.58M | -26.04M | -8.54M | 3.23M |
| FCF Growth % | -268.84% | 127.83% | -584.29% | 90.07% | -204.79% | -364.58% | - |
Regional Real Estate Concentration
According to recent SEC filings, Blue Foundry Bancorp's persistent net losses, which reached $3.5 million in 2025Q4, indicate that the bank is currently unable to generate organic capital, forcing a reliance on its existing equity cushion to fund ongoing operational and strategic rebranding initiatives.
The bank's inability to achieve positive net income over the observed ten-quarter period suggests that the transition from a mutual thrift to a commercial bank is consuming capital rather than generating it. Investors should monitor whether the current burn rate is a temporary phase of the rebranding strategy or a structural inability to achieve scale in the competitive Northern New Jersey market.
As reported in financial statements, the bank has actively utilized its investment securities portfolio to manage liquidity, evidenced by a significant $89.5 million purchase of securities in 2025Q4, which appears to be a tactical effort to deploy excess cash into higher-yielding assets amidst ongoing operational deficits.
The frequent rotation between purchasing and selling investment securities suggests that management is attempting to optimize the yield on its balance sheet while navigating a challenging interest rate environment. This high level of activity in the investment portfolio may indicate a lack of sufficient loan demand to absorb the bank's liquidity, necessitating reliance on market-based securities for income.
Based on reported figures, Blue Foundry Bancorp has consistently prioritized share repurchases, with buybacks totaling $5.5 million in 2023Q4, even as the bank continues to report negative net income, which warrants further investigation into the sustainability of this capital return policy for shareholders.
The decision to return capital through buybacks while the bank is in a loss-making position suggests a management focus on supporting the stock price or managing the share count following its conversion. This strategy appears to be at odds with the need to preserve capital for the bank's ongoing operational modernization and potential future loan growth.
Data from recent filings shows significant volatility in provision expenses, ranging from a net benefit of $762,000 in 2024Q2 to a charge of $870,000 in 2025Q4, which highlights the inherent uncertainty in the bank's credit risk assessment as it pivots toward more commercial and multi-family lending.
The fluctuation in provision expenses suggests that the bank's credit risk profile is shifting as it moves away from its legacy residential mortgage base. Investors should monitor whether these provisions are adequately capturing the risks associated with the bank's concentrated exposure to the Northern New Jersey commercial real estate market.
Quick answers to the most common questions about buying BLFY stock.
Blue Foundry Bancorp (BLFY) generated $-8.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Blue Foundry Bancorp (BLFY) reported negative free cash flow of $8.3M in 2025, indicating capital requirements exceeded cash from operations.
Blue Foundry Bancorp (BLFY) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Blue Foundry Bancorp (BLFY) spent $16.3M on share repurchases. This shows the company's commitment to returning capital to its equity investors.