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Blue Foundry Bancorp 10-K: $95.3M Interest Income, $(0.51) EPS
Blue Foundry Bancorp reported total interest income of $95.3 million and a net interest income of $47.4 million for the year. This growth was driven by higher loan yields and an expansion of its loan book. Despite these revenue drivers, the company recorded a net loss of $(10.0) million, or $(0.51) per share, due to a higher provision and elevated non-interest expenses, including merger-related costs.