The bank's net interest margin remains constrained at 0.6% as of 2025Q4, reflecting the difficulty of offsetting rising deposit costs despite a 35.2% year-over-year growth in net interest income.
Blue Foundry Bancorp (BLFY) annual income statement — 7-year revenue, gross profit & net income history
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 |
|---|
| Net Interest Income | 47.38M | 37.55M | 41.92M | 51.84M | 42.95M | 39.07M | 42.92M |
| NII Growth % | 26.19% | -10.42% | -19.14% | 20.71% | 9.93% | -8.98% | - |
| Net Interest Margin % | 2.19% | 1.82% | 2.05% | 2.54% | 2.24% | 2.01% | 2.31% |
| Interest Income | 95.31M | 85.45M | 79.11M | 62.41M | 56.05M | 61.63M | 64.83M |
| Interest Expense | 47.92M | 47.9M | 37.19M | 10.57M | 13.1M | 22.56M | 21.91M |
| Loan Loss Provision | 2.12M | -1.35M | -441K | -1.31M | -1.83M | 3.83M | 1.26M |
| Non-Interest Income | 1.68M | 1.79M | 1.8M | 2.66M | 2.48M | -11.57M | 2.62M |
| Non-Interest Income % | 3.43% | 4.56% | 4.13% | 4.89% | 5.46% | -42.07% | 5.75% |
| Total Net Revenue | 49.07M | 39.34M | 43.72M | 54.51M | 45.43M | 27.5M | 45.54M |
| Revenue Growth % | 24.71% | -10.02% | -19.78% | 19.99% | 65.19% | -39.62% | - |
| Non-Interest Expense | 56.97M | 52.6M | 51.56M | 53.09M | 73.98M | 63.04M | 36.96M |
| Efficiency Ratio | 116.1% | 133.71% | 117.93% | 97.39% | 162.85% | 229.25% | 81.15% |
| Operating Income | -10.03M | -11.91M | -7.4M | 2.73M | -26.72M | -39.37M | 7.32M |
| Operating Margin % | -20.43% | -30.27% | -16.92% | 5.02% | -58.83% | -143.17% | 16.08% |
| Operating Income Growth % | 15.83% | -61.02% | -370.56% | 110.23% | 32.12% | -637.76% | - |
| Pretax Income | -10.03M | -11.91M | -7.4M | 2.73M | -26.72M | -39.37M | 7.32M |
| Pretax Margin % | -20.43% | -30.27% | -16.92% | 5.02% | -58.83% | -143.17% | 16.08% |
| Income Tax | 0 | 0 | 0 | 338K | 9.62M | -7.87M | 1.84M |
| Effective Tax Rate % | 0% | 0% | 0% | 12.36% | -35.99% | 19.98% | 25.12% |
| Net Income | -10.03M | -11.91M | -7.4M | 2.4M | -36.34M | -31.51M | 5.48M |
| Net Margin % | -20.43% | -30.27% | -16.92% | 4.4% | -80% | -114.57% | 12.04% |
| Net Income Growth % | 15.83% | -61.02% | -408.72% | 106.59% | -15.35% | -674.69% | - |
| Net Income (Continuing) | -10.03M | -11.91M | -7.4M | 2.4M | -36.34M | -31.51M | 5.48M |
| EPS (Diluted) | -0.51 | -0.55 | -0.31 | 0.09 | -1.38 | -1.13 | 0.20 |
| EPS Growth % | 7.27% | -77.42% | -444.44% | 106.52% | -22.12% | -665% | - |
| EPS (Basic) | -0.51 | -0.55 | -0.31 | 0.09 | -1.38 | -1.13 | 0.20 |
| Diluted Shares Outstanding | 19.65M | 21.48M | 23.93M | 26.27M | 26.33M | 27.77M | 27.77M |
Quick answers to the most common questions about buying BLFY stock.
For fiscal year 2025, Blue Foundry Bancorp (BLFY) reported total revenue of $49.1M. This represents a 7.7% increase compared to $45.5M in 2019.
Blue Foundry Bancorp (BLFY) reported a net loss of $10.0M for the fiscal year ending 2025.
Blue Foundry Bancorp (BLFY) reported an operating income of $-10.0M, resulting in an operating profit margin of -10.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Blue Foundry Bancorp (BLFY) generated $46.9M in gross profit for the year, representing a gross profit margin of 48.4%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Regional Real Estate Concentration
Metrics are mathematically derived from official filings.
Net Interest Income Growth Acceleration
According to the latest quarterly financial data, Blue Foundry Bancorp achieved a 35.2% year-over-year increase in net interest income by 2025Q4, suggesting that recent strategic shifts in loan composition are beginning to gain traction despite the broader challenges inherent in the current interest rate environment.
The acceleration in NII growth from negative territory in 2024 to double-digit expansion indicates a successful repricing or volume-driven strategy within the loan portfolio. Investors should monitor whether this trajectory is sustainable or if it reflects a temporary benefit from asset-sensitive repricing that may face headwinds as deposit costs continue to climb.
Persistent Net Interest Margin Compression
As reported in financial statements, the bank's net interest margin remains constrained at 0.6% as of 2025Q4, reflecting the ongoing difficulty of managing funding costs against a legacy residential mortgage book that appears to lack the necessary yield flexibility to offset rising interest-bearing deposit expenses.
The stagnant NIM profile suggests that the bank is struggling to achieve meaningful spread expansion despite the growth in interest income. This compression implies that the cost of maintaining a local deposit base in the competitive Northern New Jersey market is currently outpacing the yield generated from new loan originations.
Elevated Efficiency Ratio Hinders Profitability
Based on the company's reported figures, the efficiency ratio fluctuated between 56.6% and 62.4% over the last ten quarters, indicating that the bank's operational overhead remains disproportionately high relative to its revenue base as it navigates the costly transition from a mutual thrift to a commercial bank.
The inability to drive the efficiency ratio below the 50% threshold suggests that the bank's fixed-cost structure, particularly personnel and branch infrastructure, is not yet scaling effectively. This persistent overhead burden appears to be a primary driver of the bank's ongoing negative net income, warranting further investigation into the timeline for operational breakeven.
Provisioning Volatility Reflects Portfolio Risk
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 shift from net provision benefits to meaningful charges suggests that management is increasingly cautious about the credit quality of its evolving loan book. Investors should monitor whether these provisions are a proactive response to regional economic conditions in Northern New Jersey or a sign of emerging stress within the commercial real estate portfolio.