Blue Foundry Bancorp (BLFY) Company Report

Blue Foundry Bancorp shareholders approved the Agreement and Plan of Merger with Fulton Financial Corporation at a Special Meeting held on January 29, 2026.
The merger proposal received 16,476,512 votes For, 280,898 Against, and 40,311 Abstain.
Following the approval, Blue Foundry Bancorp will merge with and into Fulton Financial Corporation, with Fulton as the surviving entity.

1 hour ago

8-K

Blue Foundry Bancorp Shareholders Approve Merger Agreement

BLFY

M&A

Proxy Vote Outcomes

Blue Foundry Bancorp shareholders held a special meeting on January 29, 2026.
The Agreement and Plan of Merger with Fulton Financial Corporation, dated November 24, 2025, was approved by a majority of the outstanding shares of Blue Foundry common stock.
Shareholders also approved a proposal to adjourn the special meeting, if necessary, to solicit additional proxies.

1 day ago

Transcript

Blue Foundry Bancorp Shareholders Approve Merger Agreement

BLFY

M&A

Proxy Vote Outcomes

Blue Foundry Bancorp shareholders approved the Agreement and Plan of Merger with Fulton Financial Corporation.
The merger agreement was dated as of November 24, 2025.
Shareholders also approved a proposal to adjourn the special meeting, if necessary, to solicit additional proxies.

1 day ago

Transcript

Blue Foundry Bancorp Shareholders Approve Merger Agreement

BLFY

M&A

Proxy Vote Outcomes

Blue Foundry Bancorp held a special meeting on January 29, 2026, where shareholders voted on key proposals.
Shareholders approved the Agreement and Plan of Merger with Fulton Financial Corporation, dated November 24, 2025.
The proposal to adjourn the special meeting, if necessary, to solicit additional proxies or ensure timely provision of proxy statement supplements/amendments, was also approved.
A total of 20,761,225 shares of common stock were entitled to vote at the special meeting, with 10,380,613 representing a majority.

1 day ago

Transcript

Blue Foundry Bancorp's Sale to Fulton Financial Corporation Under Investigation

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M&A

Legal Proceedings

Monteverde & Associates PC is investigating the sale of Blue Foundry Bancorp (BLFY) to Fulton Financial Corporation.
Under the terms of the proposed transaction, Blue Foundry shareholders are expected to receive 0.65 shares of Fulton Financial common stock for each Blue Foundry share.

Dec 8, 2025, 11:00 AM

Press Release

Blue Foundry Bancorp to be Acquired by Fulton Financial Corporation

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M&A

Takeover Bid

Fulton Financial Corporation will acquire Blue Foundry Bancorp in an all-stock merger, with each share of Blue Foundry common stock to be exchanged for 0.6500 shares of Fulton common stock.
Based on Fulton's share price as of November 21, 2025, the transaction is valued at approximately $243 million, or $11.67 per share of Blue Foundry common stock.
The merger is expected to be accretive to first full-year earnings by over 5% and is anticipated to close in the second quarter of 2026, subject to customary closing conditions including regulatory and stockholder approvals.

Nov 25, 2025, 11:30 AM

8-K

Blue Foundry Bancorp Reports Q3 2025 Net Loss and Balance Sheet Growth

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Earnings

Share Buyback

Guidance Update

Blue Foundry Bancorp reported a net loss of $1.9 million, or $0.10 per diluted share, for Q3 2025, which compares favorably to the $2 million loss in the prior quarter.
The company experienced deposit growth of $77.1 million and loan growth of $41.9 million during Q3 2025, with the net interest margin expanding by six basis points to 2.34%.
Tangible book value per share increased to $15.14, and the company repurchased over 837,000 shares at a weighted average price of $9.09 per share in the third quarter.
Total non-performing loans increased to $11.4 million, or 66 basis points of total loans, as of September 30, 2025.
Management anticipates net interest margin expansion in 2026, driven by loan repricing, including approximately $45 million in loans repricing below 4% in the first half of the year.

Oct 29, 2025, 3:00 PM

Transcript

Blue Foundry Bancorp Reports Q3 2025 Financial Results

BLFY

Earnings

Share Buyback

Guidance Update

Blue Foundry Bancorp reported a net loss of $1.9 million and a net loss of $0.10 per diluted share for the third quarter of 2025, which improved compared to the prior quarter.
During Q3 2025, deposits increased by $77.1 million, and loans grew by $41.9 million.
The net interest margin (NIM) expanded by six basis points to 2.34%, supported by a nine basis point increase in asset yields and a four basis point reduction in the cost of liabilities.
The company repurchased over 837,000 shares at a weighted average price of $9.09 per share during the quarter, contributing to an increase in tangible book value per share to $15.14.
Management anticipates the net interest margin to be relatively flat in Q4 2025, with significant loan repricing activity expected to favorably impact NIM in 2026.

Oct 29, 2025, 3:00 PM

Transcript

BLFY Reports Q3 2025 Net Loss, Loan and Deposit Growth, and NIM Expansion

BLFY

Earnings

Guidance Update

Share Buyback

Blue Foundry Bancorp reported a net loss of $1.9 million and a pre-provision net loss of $1.3 million for Q3 2025, both showing improvement compared to the prior quarter.
The company achieved growth in Q3 2025, with deposits increasing by $77.1 million and loans growing by $41.9 million. Net interest margin expanded by six basis points to 2.34%, supported by a nine basis point increase in asset yields and a four basis point reduction in the cost of liabilities.
Capital management included an increase in tangible book value per share to $15.14 and the repurchase of over 837,000 shares at a weighted average price of $9.09 per share during the quarter.
The loan portfolio saw growth in commercial real estate and consumer loans, with a healthy pipeline of over $41 million in executed letters of intent, primarily in commercial lending, at anticipated weighted average rates above 7%.
Management anticipates Q4 2025 net interest margin to be relatively flat, with a significant pickup expected in 2026 due to repricing activity. Non-interest expenses for Q4 2025 are projected to be in the high 13 to low 14 million dollar range.

Oct 29, 2025, 3:00 PM

Transcript

Blue Foundry Bancorp Reports Q3 2025 Results

BLFY

Earnings

Share Buyback

Blue Foundry Bancorp reported a net loss of $1.9 million, or $0.10 per diluted common share, for the three months ended September 30, 2025.
Loans increased $41.9 million to $1.71 billion and deposits increased $77.1 million to $1.49 billion compared to the linked quarter.
The company's net interest margin increased six basis points to 2.34% compared to the linked quarter.
837,388 shares were repurchased during the quarter at a weighted average share price of $9.09 per share.
Non-performing loans totaled $11.4 million, or 0.66% of total loans, at September 30, 2025, an increase from $5.1 million, or 0.33% of total loans, at December 31, 2024.