What does Blue Foundry do and what are its main business segments?

What factors drove the changes in Blue Foundry's revenue and profit?

What is the revenue and EPS growth rate for Blue Foundry year over year?

Did Blue Foundry beat or miss consensus estimates last quarter?

What is Blue Foundry's latest dividend and current dividend yield?

What guidance did Blue Foundry's management provide for the next earnings period?

What is Blue Foundry's gross profit margin?

What is the market's earnings forecast for Blue Foundry next quarter?

- **Financial Improvement**: Q3 net loss narrowed to $1.9 million vs. $2 million prior quarter, with net interest income up 4.7%.
- **Balance Sheet Strength**: $77.1M deposit growth, $41.9M loan expansion, 6bp NIM expansion to 2.34%.
- **Strategic Focus**: Consumer loan portfolio +$38M, commercial lending pipeline of $41M at 7%+ rates.
- **Margin Outlook**: 2026 repricing tailwind from $75-80M in sub-4% loans, offsetting deposit cost lag.
- **Capital Management**: $8.65M shares repurchased since program start, tangible book value +$15.14.

**【CEO Summary Section】**
- Reported a quarterly net loss of $1.9 million, an improvement from the prior quarter's $2 million loss.
- Deposits increased by $77.1 million, loans grew by $41.9 million, and net interest margin expanded by 6 basis points to 2.34%.
- Consumer loan portfolio expanded by $38 million through purchases of unsecured loans with credit reserves.
- Tangible book value per share rose to $15.14, with 837,000 shares repurchased at $9.09 average price.
- Loan pipeline of $41 million in letters of intent, weighted average rates ~7%, focused on commercial lending.
- Expect net interest margin benefits from rate cuts and loan repricing in 2026.

**【CFO Financial Commentary】**
- Net interest income increased $551,000 to $12.2 million, driven by 11.8% annualized interest income growth.
- Yield on earning assets rose to 4.67%, cost of liabilities declined to 2.72%, supporting margin expansion.
- Non-interest expenses rose $347,000 due to higher compensation and professional services.
- Provision for credit losses was $589,000, allowance ratio 0.81%, with minimal charge-offs ($25,000).
- Nonperforming loans increased to $11.4 million ($0.66% of total loans) due to a $5.3 million multifamily loan addition.
- Broker deposits grew $50 million, borrowings decreased $42 million, maintaining $423 million borrowing capacity.

**【Q&A Key Highlights】**
- **Margin Expectations**: 2026 net interest margin expansion from $45 million in sub-4% repricing loans and $35-40 million in sub-3.75% repricing loans.
- **Deposit Strategy**: Shifting from CDs to money market accounts; 5-month CD specials to reduce cost drag in 2026.
- **Loan Growth**: C&I focus for full relationship capture; multifamily lending strategic, not systematic.
- **Pipeline Strength**: $41 million pipeline with <6% multifamily exposure, weighted rates ~7%.
- **Expense Guidance**: Q4 non-interest expenses expected in high 13% - low 14% range; 2026 guidance pending strategic planning.
- **Buyback Activity**: Recent repurchase not indicative of ongoing run rate; 730,000 shares remaining under current plan.

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