A Business at a Glance
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Blue Foundry Bancorp Blue Foundry Bancorp (the “Company”) is a Delaware corporation which became the holding company for Blue Foundry Bank (the “Bank”) on July 15, 2021, following the completion of the mutual-to-stock conversion of Blue Foundry, MHC. In connection with the conversion, the Company sold 27,772,500 shares of common stock, par value $0.01 per share, at a price of $10 per share, for gross proceeds of $277.7 million. The Company also contributed 750,000 shares of common stock and $1.5 million in cash to Blue Foundry Charitable Foundation, Inc. Shares of the Company’s common stock began trading on July 16, 2021 on the Nasdaq Global Select Market under the trading symbol “BLFY.” The Company owns all of the outstanding common stock of the Bank, and as such, is a bank holding company subject to regulation by the Federal Reserve Board.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 46M | 39M | 44M | 55M | 45M | 40M |
| Net Income | -9.2M | -12M | -7.4M | 2.4M | -36M | -32M |
| EPS | $-0.45 | $-0.55 | $-0.31 | $0.09 | $-2.99 | $-1.10 |
| Free Cash Flow | -2.9M | 4.9M | -18M | -2.6M | -26M | -8.5M |
| ROIC | 0.2% | 8.3% | 0.1% | 0.6% | -8.5% | -15.3% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 5.20 | 4.75 | 4.19 | 3.46 | 8.45 |
| Dividends/Share | $0.00 | - | - | - | - | $0.00 |
| Operating Income | 521K | 25M | 390K | 494K | -14M | -17M |
| Operating Margin | 1.1% | 63.3% | 0.9% | 0.9% | -30.0% | -41.8% |
| ROE | -2.9% | -3.5% | -2.1% | 0.6% | -8.5% | -15.3% |
| Shares Outstanding | 21M | 22M | 24M | 27M | 12M | 29M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 40M | 45M | 55M | 44M | 39M | 46M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -17M | -14M | 494K | 390K | 25M | 521K |
| Op. Margin | -41.8% | -30.0% | 0.9% | 0.9% | 63.3% | 1.1% |
| Net Income | -32M | -36M | 2.4M | -7.4M | -12M | -9.2M |
| Net Margin | -78.2% | -80.0% | 4.4% | -16.9% | -30.3% | -20.1% |
| Non-Recurring | 15M | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | -15.3% | -8.5% | 0.6% | 0.1% | 8.3% | 0.2% |
| ROE | -15.3% | -8.5% | 0.6% | -2.1% | -3.5% | -2.9% |
| ROA | -1.6% | -1.9% | 0.1% | -0.4% | -0.6% | -75.1% |
| Cash Flow | ||||||
| Op. Cash Flow | -1.3M | -14M | 2.8M | -12M | 5.1M | -2.6M |
| Free Cash Flow | -8.5M | -26M | -2.6M | -18M | 4.9M | -2.9M |
| Owner Earnings | -3.2M | -18M | 117K | -15M | 1.9M | -5.7M |
| CapEx | 7.3M | 12M | 5.4M | 5.6M | 140K | 358K |
| Maint. CapEx | 1.9M | 2.3M | 2.7M | 2.9M | 3.1M | 3.1M |
| Growth CapEx | 5.4M | 9.6M | 2.7M | 2.7M | 0 | 0 |
| D&A | 1.9M | 2.3M | 2.7M | 2.9M | 3.1M | 3.1M |
| CapEx/OCF | N/A | N/A | 193.0% | N/A | 2.8% | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 15K | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 15M | 36M | 19M | 19M |
| Buyback Yield | N/A | N/A | 4.5% | 15.2% | 9.2% | 6.7% |
| Stock-Based Comp | N/A | 1.3M | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -44M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 44M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 8.45 | 3.46 | 4.19 | 4.75 | 5.20 | 0.00 |
| Interest Coverage | -0.7 | -1.0 | 0.0 | 0.0 | 0.7 | 0.7 |
| Equity | 206M | 429M | 394M | 356M | 332M | 314M |
| Total Assets | 1.9B | 1.9B | 2.0B | 2.0B | 2.1B | 12M |
| Total Liabilities | 1.7B | 1.5B | 1.6B | 1.7B | 1.7B | 14M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 206M | 169M | 172M | 164M | 152M | 152M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||
| EPS | -1.10 | -2.99 | 0.09 | -0.31 | -0.55 | -0.45 |
| Owner EPS | -0.11 | -1.46 | 0.00 | -0.63 | 0.09 | -0.27 |
| Book Value | 7.21 | 35.33 | 14.79 | 14.90 | 15.34 | 15.14 |
| Cash Flow/Share | -0.04 | -1.16 | 0.10 | -0.51 | 0.23 | -0.29 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 28.5M | 12.2M | 26.6M | 23.9M | 21.7M | 20.8M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 141.6 | N/A | N/A | -31.0 |
| P/FCF | N/A | N/A | N/A | N/A | 42.9 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 470.5 |
| Price/Book | N/A | 0.4 | 0.9 | 0.7 | 0.6 | 0.9 |
| Price/Sales | N/A | 3.7 | 6.2 | 5.4 | 5.4 | 6.3 |
| FCF Yield | N/A | -14.8% | -0.8% | -7.5% | 2.3% | -1.0% |
| Market Cap | N/A | 176M | 339M | 237M | 211M | 289M |
| Avg. Price | N/A | 13.93 | 12.65 | 9.83 | 9.78 | 13.93 |
| Year-End Price | N/A | 14.51 | 12.74 | 9.92 | 9.76 | 13.93 |
Blue Foundry Bancorp passes 1 of 9 quality checks, indicating weak fundamentals.
Total shareholder yield (buybacks) is 6.7%.
Blue Foundry Bancorp (BLFY) has a 5-year average return on invested capital (ROIC) of -2.9%. This is below average and may indicate limited pricing power.
Blue Foundry Bancorp (BLFY) has a market capitalization of $289M. It is classified as a small-cap stock.
Blue Foundry Bancorp (BLFY) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 6.72%.
Blue Foundry Bancorp (BLFY) operates in the Savings Institutions, Not Federally Chartered industry, within the Financials sector.
Blue Foundry Bancorp (BLFY) reported annual revenue of $39 million in its most recent fiscal year, based on SEC EDGAR filings.
Blue Foundry Bancorp (BLFY) has a net profit margin of -30.3%. The company is currently unprofitable.
Blue Foundry Bancorp (BLFY) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Blue Foundry Bancorp (BLFY) has a debt-to-equity ratio of 5.20. This indicates higher leverage, which may increase financial risk.
Blue Foundry Bancorp (BLFY) reported earnings per share (EPS) of $-0.55 in its most recent fiscal year.
Blue Foundry Bancorp (BLFY) has a return on equity (ROE) of -3.5%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 5 years of financial data for Blue Foundry Bancorp (BLFY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Blue Foundry Bancorp (BLFY) has a book value per share of $15.34, based on its most recent annual SEC filing.