Blue Foundry Bancorp Full Year 2024 Earnings: EPS Beats Expectations

Blue Foundry Bancorp (NASDAQ:BLFY) Full Year 2024 Results

Key Financial Results

• Revenue: US$40.7m (down 7.9% from FY 2023).
• Net loss: US$11.9m (loss widened by 61% from FY 2023).
• US$0.56 loss per share (further deteriorated from US$0.31 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blue Foundry Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.1%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

Be aware that Blue Foundry Bancorp is showing 1 warning sign in our investment analysis that you should know about...

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