Blue Foundry Bancorp's Q2 2025: Navigating Contradictions in Loan Repricing, CD Strategy, and Margin Expectations

Loan repricing and margin expansion, CD rates and pricing strategy, loan repricing and CD strategy, deposit cost progression, and CD pricing strategy and loan funding are the key contradictions discussed in Blue Foundry Bancorp's latest 2025Q2 earnings call.



Net Income and Strategic Progress:
- Blue Foundry Bancorp reported a net loss of $2 million or $0.10 per diluted share for Q2 2025.
- The company made progress toward strategic objectives, with core deposits increasing by 3% and loan growth of 8 basis points, contributing to a 12 basis point expansion in the net interest margin.

Deposit and Asset Growth:
- Core deposits increased by 4%, driven by full banking relationships with commercial customers, contributing to a total deposit increase of $29.1 million.
- The company saw a $76 million increase in consumer loans and a $22 million increase in commercial and industrial loans.

Capital Management and Share Repurchase:
- Tangible book value per share increased to $14.87, up $0.06 from the prior quarter.
- The company repurchased 406,000 shares at an average price of $9.42, a significant discount to its tangible book value.