Earnings Call Summary | Blue Foundry Bancorp(BLFY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Blue Foundry Bancorp(BLFY.US) Q1 2024 Earnings Conference
The following is a summary of the Blue Foundry Bancorp (BLFY) Q1 2024 Earnings Call Transcript:
以下是Blue Foundry Bancorp（BLFY）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Blue Foundry Bancorp recorded a net loss of $2.8 million in Q1 2024, showing slight improvement from the previous quarter mainly due to release in provision for credit losses and improvement in net interest margin.
The bank repurchased 532,000 shares at an average price of $9.49, boosting tangible book value per share by $0.11 to $14.60.
Deposit growth of $46 million was reported, leading to a 500 basis points reduction in the loan-to-deposit ratio.
Blue Foundry Bancorp在2024年第一季度錄得280萬美元的淨虧損，與上一季度相比略有改善，這主要是由於公佈了信貸損失準備金和淨利率的提高。
該銀行以9.49美元的平均價格回購了532,000股股票，使每股有形賬面價值增加了0.11美元，至14.60美元。
據報道，存款增長了4600萬美元，導致貸款存款比率下降了500個點子。
Business Progress:
業務進展：
Continued focus by Blue Foundry on their strategy to leverage strong capital position for asset and deposit growth.
A push towards becoming a more commercially oriented institution, with a particular focus on selectively originating real estate loans and building the commercial pipeline.
Anticipated increase in production and commercial credits through 2024.
The bank maintains a commitment to prudent stewardship of capital with a low percentage of uninsured deposits.
Blue Foundry繼續關注其利用強勁的資本狀況促進資產和存款增長的戰略。
努力成爲一家更加以商業爲導向的機構，特別側重於有選擇地發放房地產貸款和建設商業渠道。
預計到2024年，生產和商業信貸將增加。
該銀行繼續致力於謹慎管理資本，未投保存款的比例很低。
More details: Blue Foundry Bancorp IR
更多詳情： 藍鑄造銀行 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。