BLFY Earnings Prediction
The chart below shows how BLFY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLFY sees a -2.74% change in stock price 10 days leading up to the earnings, and a +0.88% change 10 days following the report. On the earnings day itself, the stock moves by +0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
BLFY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.67M
1.03%
4.64%
Gross Margin
--
--
--
Operating Margin
-15.53%
-20.81%
-49.81%
Net Margin
-27.80%
-9.24%
-36.44%
EPS
-0.13
-0.00%
-31.58%
No Data Available
BLFY Earnings Analysis
Blue Foundry Bancorp Corporation (BLFY.O) Earnings Conference Call
Positive
Core Deposit Growth: Deposits grew by $25,000,000, with a 17% increase in non-interest bearing accounts, indicating strong core growth.
Loan Growth Strategies: Gross loans increased by $32,500,000 during the quarter, predominantly in owner-occupied commercial real estate, showcasing effective loan growth strategies.
Net Interest Income Growth: Net interest income increased by $386,000, leading to a 7 basis point improvement in net interest margin, reflecting enhanced profitability from interest-earning assets.
Share Repurchase Impact: The company repurchased 481,000 shares at a weighted average share price of $10.49, contributing to improved shareholder value and demonstrating confidence in the company's future.
Strong Capital Levels: Tangible equity to tangible common assets stood at 16.1%, indicating strong capital levels that are among the best in the banking industry.
Negative
Quarterly Net Loss Analysis: Quarterly net loss of $2,700,000, indicating ongoing financial challenges despite a reduction from the previous quarter's loss of $4,000,000.
Operational Income Challenges: Pre-provision net loss of $3,000,000 highlights operational difficulties in generating sufficient income to cover expenses.
Operating Expenses Outlook: Operating expenses are expected to return to the mid to high $13,000,000 range, suggesting potential cost pressures ahead as bonus accruals reset to 100% achievement.
Constrained Loan Growth: Loan growth remains constrained, with a strategic decline in the residential book and a focus on commercial loans, indicating challenges in expanding the overall loan portfolio.
Credit Loss Concerns: The allowance for credit losses remains a concern, with a significant portion derived from quantitative measures, reflecting potential risks in the loan portfolio despite a release of $301,000 in the provision for credit losses.
BLFY FAQs
How does BLFY typically perform around its earnings report dates?
Is Blue Foundry Bancorp (BLFY) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
BLFY Earning Call Sentiment
Earnings call transcript: Blue Foundry Bancorp Q4 2024 shows narrower EPS loss
BLFY.O
-2.1%Positive
The earnings call reveals improvements in net loss and net interest income, alongside strategic growth in commercial loans and deposits. However, the lack of specific guidance on loan yields and unclear management responses during the Q&A indicate uncertainty. Share repurchases are a positive, but the intentional decline in the residential book and the increased borrowing costs pose potential risks. The overall sentiment is balanced, with neither strong positive nor negative catalysts evident, leading to a neutral outlook for the stock price.
