Blue Foundry Bancorp Reports Fourth Quarter and Year-End 2024 Results
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Blue Foundry Bancorp (NASDAQ:BLFY) reported a net loss of $11.9 million for 2024, an increase from the $7.4 million loss in 2023. The loss per diluted share also increased from $0.31 to $0.55.
January 29, 2025 | 1:30 pm
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NEGATIVE IMPACT
Blue Foundry Bancorp reported a significant increase in net loss for 2024, with losses rising from $7.4 million in 2023 to $11.9 million in 2024. This indicates financial challenges and could negatively impact investor sentiment.
The reported increase in net loss from $7.4 million to $11.9 million suggests worsening financial performance, which is likely to concern investors and could lead to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100