<a href="https://laohu8.com/S/BLFY">Blue Foundry Bancorp</a> net interest income rises to $34.6 million for nine months ended September 2025
Blue Foundry Bancorp reported a net loss of $1.9 million for the three months ended September 30, 2025, compared to a net loss of $4.0 million for the same period in 2024. Interest income for the quarter increased 12.1% to $24.1 million from $21.5 million in the prior-year quarter, driven by higher rates earned and an increase in average interest-earning assets. For the nine months ended September 30, 2025, net interest income rose to $34.6 million from $28.1 million in 2024. The net interest rate spread improved to 1.8% from 1.4%, and the net interest margin increased to 2.3% from 1.9%. Average interest-bearing liabilities rose by $95.8 million compared to the previous year. The cost of time deposits decreased to 3.7%, while costs for FHLB advances and other deposits saw slight increases. No major business developments beyond financial performance were disclosed in the document.
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