rewrite this title and make it good for SEOBlue Foundry Bancorp (BLFY) Q3 2025 Earnings Call Transcript

Operator

Good morning, and welcome to the Blue Foundry Bancorp’s Third Quarter 2025 Earnings Call. Comments made during today’s call may include forward-looking statements, which are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Blue Foundry encourages all participants to refer to the full disclaimer contained in this morning’s earnings release, which has been posted to the Investor Relations page on bluefoundrybank.com.

During the call, management will refer to non-GAAP measures which exclude certain items from reported results. Please refer to today’s earnings release for reconciliations of these non-GAAP measures.

As a reminder, this event is being recorded. [Operator Instructions] After the speaker’s remarks, there will be a question-and-answer session. I will now hand over to President and CEO, Jim Nesci to begin.

James NesciPresident, CEO & Director

Thank you, operator. Good morning, and welcome to our third quarter earnings call. I’m joined today by our Chief Financial Officer, Kelly Pecoraro. She will provide a detailed financial review after I share updates on our strategy and recent progress.

Earlier this morning, we reported a quarterly net loss of $1.9 million and a quarterly pre-provision net loss of $1.3 million. Both metrics have improved compared to the prior quarter.

During the third quarter, we advanced our core objectives of growing core deposits, diversifying our loan portfolio to enhance risk-adjusted returns, and expanding our net interest margin. The progress against these strategic initiatives better positions us for continued growth and long-term value creation.