Blue Foundry Bancorp Management
Management criteria checks 2/4
Blue Foundry Bancorp's CEO is Jim Nesci, appointed in Jun 2018, has a tenure of 6.5 years. total yearly compensation is $3.70M, comprised of 18.9% salary and 81.1% bonuses, including company stock and options. directly owns 1.03% of the company’s shares, worth $2.11M. The average tenure of the management team and the board of directors is 6.5 years and 9.9 years respectively.
Key information
Jim Nesci
Chief executive officer
US$3.7m
Total compensation
| CEO salary percentage | 18.9% |
| CEO tenure | 6.5yrs |
| CEO ownership | 1.0% |
| Management average tenure | 6.5yrs |
| Board average tenure | 9.9yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$12m |
| Jun 30 2024 | n/a | n/a | -US$10m |
| Mar 31 2024 | n/a | n/a | -US$9m |
| Dec 31 2023 | US$4m | US$700k | -US$7m |
| Sep 30 2023 | n/a | n/a | -US$4m |
| Jun 30 2023 | n/a | n/a | -US$1m |
| Mar 31 2023 | n/a | n/a | US$634k |
| Dec 31 2022 | US$4m | US$700k | US$2m |
| Sep 30 2022 | n/a | n/a | -US$18m |
| Jun 30 2022 | n/a | n/a | -US$34m |
| Mar 31 2022 | n/a | n/a | -US$35m |
| Dec 31 2021 | US$1m | US$700k | -US$36m |
| Sep 30 2021 | n/a | n/a | -US$18m |
| Jun 30 2021 | n/a | n/a | -US$5m |
| Mar 31 2021 | n/a | n/a | -US$21m |
| Dec 31 2020 | US$852k | US$697k | -US$32m |
Compensation vs Market: Jim's total compensation ($USD3.70M) is above average for companies of similar size in the US market ($USD1.38M).
Compensation vs Earnings: Jim's compensation has increased whilst the company is unprofitable.
CEO
Jim Nesci (52 yo)
6.5yrs
Tenure
US$3,695,630
Compensation
Mr. James D. Nesci, also known as Jim, serves as President and Chief Executive Officer at Blue Foundry Bank since June 01, 2018. He is Chief Executive Officer and President at Blue Foundry Bancorp since Ju...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.5yrs | US$3.70m | 1.03% $ 2.1m | |
| Executive VP & CFO | 2.6yrs | US$1.30m | 0.27% $ 550.4k | |
| Executive VP & Chief Technology Officer | 2.8yrs | no data | 0.087% $ 177.3k | |
| Executive VP | 20.9yrs | no data | 0.22% $ 446.7k | |
| Executive VP & Human Resources Director | 25.9yrs | no data | 0.20% $ 401.2k | |
| Senior VP & Chief Audit Executive | 13.9yrs | no data | 0.12% $ 252.7k | |
| Executive Vice President and Chief Risk Officer | less than a year | no data | 0.053% $ 107.7k |
6.5yrs
Average Tenure
56.5yo
Average Age
Experienced Management: BLFY's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.9yrs | US$3.70m | 1.03% $ 2.1m | |
| Director | less than a year | no data | 0.10% $ 208.1k | |
| Independent Chairman of the Board | 27.9yrs | US$96.80k | 0.49% $ 988.4k | |
| Independent Vice Chairman of the Board | 27.9yrs | US$78.00k | 0.33% $ 667.2k | |
| Independent Director | 1.9yrs | US$63.38k | 0.11% $ 232.5k | |
| Independent Director | 14.9yrs | US$75.50k | 0.33% $ 678.1k | |
| Independent Director | 12.9yrs | US$75.00k | 0.40% $ 803.9k | |
| Independent Director | 9.9yrs | US$69.00k | 0.36% $ 740.8k | |
| Independent Director | 4yrs | US$74.50k | 0.23% $ 475.3k |
9.9yrs
Average Tenure
61yo
Average Age
Experienced Board: BLFY's board of directors are considered experienced (9.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 01:25 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Blue Foundry Bancorp is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher McGratty | Keefe, Bruyette, & Woods |
| Christopher O'Connell | Keefe, Bruyette, & Woods |
| Justin Crowley | Piper Sandler Companies |