Blue Foundry Bancorp
Market Movers (8-K)
Blue Foundry Bancorp has completed its merger with Fulton Financial Corporation, with Blue Foundry shareholders receiving Fulton common stock.
Fulton Financial Corporation and Blue Foundry Bancorp announce receipt of all required regulatory approvals for their all-stock merger, anticipating an April 1, 2026 closing.
Capital raise
Blue Foundry Bancorp shareholders have overwhelmingly approved the merger agreement with Fulton Financial Corporation, moving the transaction closer to completion.
Fulton Financial Corporation will acquire Blue Foundry Bancorp in an all-stock transaction valued at approximately $243 million, expanding its presence in northern New Jersey.
Better than expected
Blue Foundry Bancorp reported a reduced net loss of $1.9 million for Q3 2025, driven by an expanded net interest margin and growth in loans and deposits.
Better than expected
Blue Foundry Bancorp reported a reduced net loss of $2.0 million for the second quarter of 2025, driven by expanded net interest margin and strategic loan portfolio diversification.
Better than expected
Quarterly Earnings (10-Q)
Blue Foundry Bancorp reported a reduced net loss for the third quarter and first nine months of 2025, driven by strong net interest income growth and increased loan balances.
Better than expected
Blue Foundry Bancorp reported a reduced net loss and increased net interest income for the second quarter and first half of 2025, driven by loan growth and higher interest-earning asset yields.
Better than expected
10-Q: Blue Foundry Bancorp Reports Net Loss for Q1 2025, Cites Increased Interest Income and Expenses
Blue Foundry Bancorp reported a net loss of $2.7 million for the first quarter of 2025, impacted by increased interest income and expenses.
Worse than expected
Blue Foundry Bancorp experienced a net loss of $4.0 million in the third quarter of 2024, impacted by increased interest expenses and a provision for credit losses.
Worse than expected
Blue Foundry Bancorp reported a net loss for the second quarter of 2024, influenced by changes in interest rates and a decrease in net interest income.
Worse than expected
Blue Foundry Bancorp experienced a net loss of $2.8 million in the first quarter of 2024, impacted by increased interest expenses and a decrease in net interest income.
Worse than expected
Annual Reports (10-K)
Blue Foundry Bancorp reported a reduced net loss for 2025 and significant growth in net interest income and deposits, as its all-stock merger with Fulton Financial Corporation approaches its anticipated April 1, 2026 completion.
10-K: Blue Foundry Bancorp Reports Net Loss for 2024, Focuses on Strategic Growth and Diversification
Blue Foundry Bancorp reports a net loss of $11.9 million for 2024, emphasizing strategic initiatives to enhance funding sources, diversify the loan portfolio, and improve operational efficiency.
Worse than expected
Blue Foundry Bancorp's 2023 annual report reveals a net loss of $7.4 million, driven by decreased net interest income, despite growth in loan portfolios.
Worse than expected
Insider Trading (Form 4)
Mirella Lang, a director of Blue Foundry Bancorp, reported the disposition of common stock and cancellation of stock options following the merger with Fulton Financial Corporation.
Blue Foundry Bancorp Director John F. Kuntz disposed of all his common stock and stock options following the merger with Fulton Financial Corporation.
Blue Foundry Bancorp Director Patrick H. Kinzler disposed of all his common stock and stock options following the merger with Fulton Financial Corporation.
Blue Foundry Bancorp Director Elizabeth Varki Jobes reported the disposition of common stock and cancellation of stock options following the merger with Fulton Financial Corporation.
Blue Foundry Bancorp Director Kenneth Grimbilas reported the disposition of common stock and stock options following the merger with Fulton Financial Corporation.
Blue Foundry Bancorp Director Robert Thomas Goldstein disposed of all his common stock and stock options following the merger with Fulton Financial Corporation.
Proxy Statements (Def-14A)
Blue Foundry Bancorp will merge with Fulton Financial Corporation in an all-stock transaction valued at approximately $243 million, offering a significant premium to Blue Foundry stockholders.
Better than expected
Delay expected
Capital raise
Blue Foundry Bancorp's proxy statement reveals strategic share repurchases, cost management efforts, and a shareholder proposal urging a sale or merger amidst a challenging economic landscape.
Worse than expected
Blue Foundry Bancorp's proxy statement highlights the company's focus on long-term value creation, community investment, and strategic initiatives to navigate a challenging economic environment.
Worse than expected
Schedule 13G - Passive Investments
First Trust Capital Management L.P., along with affiliated entities, has reported beneficial ownership of 1,004,006 shares, representing 5.25% of the outstanding common stock of Blue Foundry Bancorp.
The Vanguard Group reported a reduced beneficial ownership of 4.14% in Blue Foundry Bancorp following an internal realignment.
Glazer Capital, LLC and Paul J. Glazer have reported a passive beneficial ownership of 8.57% in Blue Foundry Bancorp's common stock.
Driehaus Capital Management LLC has reported a reduced beneficial ownership of 1.87% in Blue Foundry Bancorp common stock.
Worse than expected
T. Rowe Price Investment Management, Inc. has reported a significant beneficial ownership stake of 13.2% in Blue Foundry Bancorp, holding 2,905,977 shares of common stock as of March 31, 2025.
The Vanguard Group has filed a Schedule 13G, revealing a passive beneficial ownership of 5.18% in Blue Foundry Bancorp's common stock as of March 31, 2025.