Blue Foundry Bancorp Common Stock
BLFYBlue Foundry Bancorp is a financial holding company that provides banking and financial services through its subsidiary, Blue Foundry Bank. Established to serve communities with a focus on personalized banking solutions, the company offers products such as personal and business banking, commercial loans, and mortgage services. It emphasizes community banking with a commitment to innovation and customer service.
Company News
Law firm Monteverde & Associates is investigating several corporate mergers involving technology, banking, and acquisition companies, offering shareholders potential legal recourse.
Blue Foundry Bancorp will be acquired by Fulton Financial in an all-stock deal valued at $243 million, with each Blue Foundry share exchanged for 0.6500 Fulton shares. The merger is expected to close in Q2 2026 and strengthen Fulton's presence in the northern New Jersey market.
Blue Foundry Bancorp reported a reduced net loss in Q3 2025, with increased net interest income, loan growth, and strategic focus on commercial and consumer lending while managing deposit costs and capital allocation.
Blue Foundry Bancorp (BLFY) delivered earnings and revenue surprises of 35% and 6.11%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
