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年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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年第一季度录得280万美元的净亏损，与上一季度相比略有改善，这主要是由于公布了信贷损失准备金和净利率的提高。
该银行以9.49美元的平均价格回购了532,000股股票，使每股有形账面价值增加了0.11美元，至14.60美元。
据报道，存款增长了4600万美元，导致贷款存款比率下降了500个基点。
Business Progress:
业务进展：
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继续关注其利用强劲的资本状况促进资产和存款增长的战略。
努力成为一家更加以商业为导向的机构，特别侧重于有选择地发放房地产贷款和建设商业渠道。
预计到2024年，生产和商业信贷将增加。
该银行继续致力于谨慎管理资本，未投保存款的比例很低。
More details: Blue Foundry Bancorp IR
更多详情： 蓝铸造银行 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.
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译文内容由第三方软件翻译。