What drives BLFY's EPS surprises in 2024?

Blue Foundry Bancorp (BLFY) experienced an EPS surprise of $0.04 in the latest report period ending on December 31, 2024. The positive EPS surprise can be attributed to the following factors: |code|Ticker|Name|Date|EPS Surprise YoY|EPS Surprise|market_code| |---|---|---|---|---|---|---| |BLFY|BLFY.O|Blue Foundry|20240331|800|0.09|185| |BLFY|BLFY.O|Blue Foundry|20240630|233.33333333333334|0.1|185| |BLFY|BLFY.O|Blue Foundry|20240930|-120|-0.01|185| |BLFY|BLFY.O|Blue Foundry|20241231|100|0.04|185| 1. **Revenue Contribution from Banking Operations**: The company's revenue was primarily driven by its banking operations, with the banking segment contributing $40.7 million in revenue. This indicates a strong revenue base, which is a positive indicator for earnings. 2. **Loan Portfolio Growth**: The loan portfolio experienced growth in commercial real estate, construction, and consumer loans. This growth in loans can lead to higher interest income, which positively impacts earnings. 3. **Cost Management**: Despite a net loss, the company's cost management was effective, as evidenced by the cost-to-income ratio of 133.7%. This suggests that the company is managing its expenses efficiently, which can help in maintaining profitability and positive EPS surprises. In conclusion, BLFY's EPS surprise in 2024Q4 can be attributed to its banking operations, loan portfolio growth, and effective cost management. These factors collectively contribute to the company's ability to surpass earnings expectations.