Blue Foundry Bancorp reported a net loss of $10.0 million for the year ended December 31, 2025, an improvement from the $11.9 million net loss in 2024. Net interest income increased by $9.8 million, or 26.2%, to $47.4 million in 2025, up from $37.6 million in 2024. The net interest margin improved by 40 basis points, reaching 2.30% in 2025 compared to 1.90% in 2024. Total assets grew by $107.3 million to $2.17 billion at December 31, 2025. Gross loans increased by $107.1 million, or 6.8%, to $1.69 billion, driven by growth in consumer loans (+$119.1 million) and commercial real estate loans (+$46.5 million). Total deposits increased by $166.6 million, or 12.4%, to $1.51 billion, with core deposits representing 48.3% of the total. Non-performing assets significantly increased to $11.4 million in 2025 from $5.1 million in 2024, with the ratio of non-performing loans to total loans rising to 0.67% from 0.33%. The allowance for credit losses on loans increased to $14.392 million, but its coverage ratio to non-performing loans decreased substantially to 126.56% from 254.02%. Non-interest expenses rose by $4.4 million, or 8.3%, to $57.0 million, including $1.3 million in merger-related expenses. The company's efficiency ratio improved to 116.11% in 2025 from 133.71% in 2024, though it remains high. A definitive merger agreement with Fulton Financial Corporation was entered into on November 24, 2025, with Blue Foundry shareholders to receive 0.65 shares of Fulton common stock per share, implying a total transaction value of approximately $243.0 million. The merger has received all required regulatory approvals and shareholder approval, and is expected to close on or around April 1, 2026.