Blue Foundry Bancorp
Blue Foundry Bancorp operates as the bank holding company for Blue Foundry Bank, a savings bank that offers banking products and services for individuals and businesses in northern New Jersey. It offers saving, time, and non-interest-bearing deposits; NOW and demand accounts; and loans, such as residential and commercial real estate, multifamily, construction, consumer, and commercial and industr… Read more
Blue Foundry Bancorp (BLFY) - Net Assets
Latest net assets as of September 2025: $314.40 Million USD
Based on the latest financial reports, Blue Foundry Bancorp (BLFY) has net assets worth $314.40 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.16 Billion) and total liabilities ($1.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $314.40 Million |
| % of Total Assets | 14.58% |
| Annual Growth Rate | 6.93% |
| 5-Year Change | 61.57% |
| 10-Year Change | N/A |
| Growth Volatility | 47.42 |
Blue Foundry Bancorp - Net Assets Trend (2019–2024)
This chart illustrates how Blue Foundry Bancorp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blue Foundry Bancorp (2019–2024)
The table below shows the annual net assets of Blue Foundry Bancorp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $332.20 Million | -6.59% |
| 2023-12-31 | $355.64 Million | -9.67% |
| 2022-12-31 | $393.72 Million | -8.32% |
| 2021-12-31 | $429.47 Million | +108.89% |
| 2020-12-31 | $205.60 Million | -13.48% |
| 2019-12-31 | $237.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Foundry Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 35.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $152.43 Million | 45.88% |
| Common Stock | $285.00K | 0.09% |
| Other Comprehensive Income | $-18.95 Million | -5.71% |
| Other Components | $198.44 Million | 59.73% |
| Total Equity | $332.20 Million | 100.00% |
Blue Foundry Bancorp Competitors by Market Cap
The table below lists competitors of Blue Foundry Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MEDICAL FACILITIES NEW
F:31F
|
$182.44 Million |
|
CapMan Oyj B
HE:CAPMAN
|
$182.47 Million |
|
MIRBUD S.A. ZY-10
F:9SX
|
$182.50 Million |
|
Youlchon Chem
KO:008730
|
$182.52 Million |
|
Korea Electronic Power Industrial Development Co Ltd
KO:130660
|
$182.42 Million |
|
PHC Holdings Corporation
PINK:PHCCF
|
$182.38 Million |
|
Hampidjan hf
IC:HAMP
|
$182.38 Million |
|
Vicore Pharma Holding AB (publ)
ST:VICO
|
$182.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Foundry Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 355,640,000 to 332,198,000, a change of -23,442,000 (-6.6%).
- Net loss of 11,911,000 reduced equity.
- Share repurchases of 19,423,000 reduced equity.
- Other comprehensive income increased equity by 3,926,000.
- Other factors increased equity by 3,966,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.91 Million | -3.59% |
| Share Repurchases | $19.42 Million | -5.85% |
| Other Comprehensive Income | $3.93 Million | +1.18% |
| Other Changes | $3.97 Million | +1.19% |
| Total Change | $- | -6.59% |
Book Value vs Market Value Analysis
This analysis compares Blue Foundry Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.49x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $8.56 | $12.71 | x |
| 2020-12-31 | $7.40 | $12.71 | x |
| 2021-12-31 | $16.31 | $12.71 | x |
| 2022-12-31 | $14.99 | $12.71 | x |
| 2023-12-31 | $14.86 | $12.71 | x |
| 2024-12-31 | $15.47 | $12.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Foundry Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.65%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 6.20x
- Recent ROE (-3.59%) is above the historical average (-4.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 2.31% | 8.13% | 0.04x | 7.80x | $-18.28 Million |
| 2020 | -15.32% | -62.94% | 0.03x | 9.45x | $-52.07 Million |
| 2021 | -8.46% | -62.09% | 0.03x | 4.46x | $-79.29 Million |
| 2022 | 0.61% | 3.68% | 0.03x | 5.19x | $-36.98 Million |
| 2023 | -2.08% | -9.14% | 0.04x | 5.75x | $-42.96 Million |
| 2024 | -3.59% | -13.65% | 0.04x | 6.20x | $-45.13 Million |
Industry Comparison
This section compares Blue Foundry Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Foundry Bancorp (BLFY) | $314.40 Million | 2.31% | 5.86x | $182.43 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |