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Private company

Blue Foundry Bancorp

In its 2026 annual report the company says: “The Company owns all of the outstanding common stock of the Bank, and as such, is a bank holding company subject to regulation by the Federal Reserve Board.”4 It is headquartered in Rutherford, New Jersey.1

Last updated Oct 21, 2026.

Overview

  • IndustrySavings Institutions, Not Federally Chartered1
  • HeadquartersRutherford, New Jersey1
  • Business address19 Park Avenue, Rutherford, Nj 070702
  • Filer category, Emerging growth company2

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The Company owns all of the outstanding common stock of the Bank, and as such, is a bank holding company subject to regulation by the Federal Reserve Board. At December 31, 2025, the Company had assets of $2.17 billion, net loans of $1.68 billion and deposits of $1.51 billion.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789-$10.0M in 2025−68% since 2020
-$40.0M-$30.0M-$20.0M-$10.0M0$10.0M2020: -$31.5M-$31.5M20202021: -$36.3M-$36.3M2021+15%2022: $2.4M$2.4M20222023: -$7.4M-$7.4M20232024: -$11.9M-$11.9M2024+61%2025: -$10.0M-$10.0M2025−16%
Fiscal year20192020202120222023202420252026
Interest$22.6M5$13.1M6$10.6M7$37.2M7
Income tax-$7.9M5$9.6M6$338.0K7$08$09$09
Net income-$31.5M5-$36.3M6$2.4M7-$7.4M8-$11.9M9-$10.0M9
Earnings per share-$2.996$0.097-$0.318-$0.559-$0.519
Earnings per share (diluted)-$2.996$0.097-$0.318-$0.559-$0.519
Shares (weighted, basic)12.2M shares626.2M shares723.9M shares821.5M shares919.6M shares9
Shares (weighted, diluted)12.2M shares626.3M shares723.9M shares821.5M shares919.6M shares9

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Corporate structure

Blue Foundry Bancorp sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Blue Foundry Bancorp

  • Blue Foundry Bancorp Rutherford, New Jersey
    • Blue Foundry Bank Subsidiary · New Jersey, United States
    • Blue Foundry Investment Company Subsidiary · New Jersey, United States
    • Blue Foundry, LLC Subsidiary · New Jersey, United States
    • TrackView LLC Subsidiary · New Jersey, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Blue Foundry Bancorp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$48.0M9 Dec 31, 2025$48.3M9 Dec 31, 2024−0.6%
Accumulated depreciation$21.2M9 Dec 31, 2025$18.8M9 Dec 31, 2024+12.7%
Property and equipment, net$26.8M9 Dec 31, 2025$29.5M9 Dec 31, 2024−9.0%
Operating-lease assets (leased space)$21.7M9 Dec 31, 2025$23.5M9 Dec 31, 2024−7.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$53.1M9 Dec 31, 2025$42.5M9 Dec 31, 2024+25.0%
Loans, net of allowance$1.7B9 Dec 31, 2025$1.6B9 Dec 31, 2024+6.7%
Deposits held (banks)$1.5B9 Dec 31, 2025$1.3B9 Dec 31, 2024+12.4%

Properties, in its own words

At December 31, 2025, the Company and the Bank conducted business through 20 full-service branch offices, located in northern New Jersey and the Company’s administrative offices located at 7 Sylvan Way, Parsippany, New Jersey. The Company’s principal executive office is located at 19 Park Avenue, Rutherford, New Jersey.

We own five properties and lease 16 properties at December 31, 2025. The aggregate net book value of premises and equipment was $26.8 million at December 31, 2025.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led Blue Foundry Bancorp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. James D. Nesci2021–now

President

  1. James D. Nesci2021–now

Chief financial officer

  1. Alexander Agnoletto2021–2022
  2. Kelly Pecoraro2022–now
2025
Board members and other officers (16)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Blue Foundry Bank New Jersey3
  • Blue Foundry Investment Company New Jersey3
  • Blue Foundry, LLC New Jersey3
  • TrackView LLC New Jersey3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Apr 1, 20268-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights31
  2. Feb 23, 20268-K Regulation FD disclosure; Other events32
  3. Jan 30, 20268-K Shareholder vote33
  4. Nov 25, 20258-K Entered a material agreement; Executive or director change; Regulation FD disclosure34
  5. Oct 29, 20258-K Results of operations35
  6. Jul 30, 20258-K Results of operations36
  7. Jul 30, 20258-K Results of operations37
  8. Jun 24, 20258-K Other events38
  9. May 19, 20258-K Shareholder vote39
  10. Apr 30, 20258-K Results of operations40
  11. Jan 29, 20258-K Results of operations41
  12. Nov 12, 20248-K Other events42
  13. Jul 15, 2021New chief executive James D. Nesci becomes CEO13

Calendar

When it reported results

  1. Oct 29, 2025Reported quarterly or annual results35
  2. Jul 30, 2025Reported quarterly or annual results36
  3. Jul 30, 2025Reported quarterly or annual results37
  4. Apr 30, 2025Reported quarterly or annual results40
  5. Jan 29, 2025Reported quarterly or annual results41
  6. Oct 23, 2024Reported quarterly or annual results43
  7. Jul 24, 2024Reported quarterly or annual results44
  8. Apr 24, 2024Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

293 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 46 major events, 170 insider forms, 28 large holders, 31 other. The latest 20:

  1. Aug 14, 2026SCHEDULE 13G/A EDGAR
  2. May 15, 2026SCHEDULE 13G EDGAR
  3. Apr 13, 202615-12G EDGAR
  4. Apr 1, 20264 EDGAR
  5. Apr 1, 20264 EDGAR
  6. Apr 1, 20264 EDGAR
  7. Apr 1, 20264 EDGAR
  8. Apr 1, 20264 EDGAR
  9. Apr 1, 20264 EDGAR
  10. Apr 1, 20264 EDGAR
  11. Apr 1, 20264 EDGAR
  12. Apr 1, 20264 EDGAR
  13. Apr 1, 20264 EDGAR
  14. Apr 1, 20264 EDGAR
  15. Apr 1, 20264 EDGAR
  16. Apr 1, 20264 EDGAR
  17. Apr 1, 20264 EDGAR
  18. Apr 1, 20264 EDGAR
  19. Apr 1, 2026S-8 POS EDGAR
  20. Apr 1, 2026S-8 POS EDGAR

The 293 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

67 open-market trades by officers, directors and large owners since October 2021: 64 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 4, 2025Kinzler Patrick H.DirectorBuy1,500$8.51$12.8KForm 4
Aug 4, 2025Malkiman AleksandrEVP and Chief Tech OfficerBuy2,000$8.56$17.1KForm 4
Aug 1, 2025Kinzler Patrick H.DirectorBuy2,500$8.41$21.0KForm 4
Aug 1, 2025Malkiman AleksandrEVP and Chief Tech OfficerBuy2,000$8.41$16.8KForm 4
Jun 17, 2025Lang MirellaDirectorSale4,520$8.75$39.6KForm 4
Jun 5, 2025Malkiman AleksandrEVP and Chief Tech OfficerBuy1,000$8.80$8.8KForm 4
May 2, 2025Owes KeithChief Risk OfficerBuy1,000$9.66$9.7KForm 4
Sep 19, 2024Owes KeithChief Risk OfficerBuy1,000$11.02$11.0KForm 4
Aug 28, 2024Goldstein Robert ThomasDirectorSale3,500$10.80$37.8KForm 4
Jan 26, 2024Letsche MargaretDirectorSale2,567$10.08$25.9KForm 4
May 18, 2023Ely James ChristopherDirectorBuy1,000$9.21$9.2KForm 4
May 18, 2023Shaw Jonathan M.DirectorBuy900$9.02$8.1KForm 4
May 17, 2023JOBES ELIZABETH VARKIDirectorBuy2,247$8.90$20.0KForm 4
May 17, 2023Nesci James DPresident and CEOBuy1,000$8.74$8.7KForm 4
May 17, 2023Goldstein Robert ThomasDirectorBuy1,000$8.87$8.9KForm 4
May 17, 2023Grimbilas KennethDirectorBuy1,117$8.95$10.0KForm 4
May 8, 2023Goldberg Jason M.EVP and Chief Lending OfficerBuy1,000$9.06$9.1KForm 4
May 2, 2023ROWE ROBERTEVP and Chief Risk OfficerBuy5,000$8.62$43.1KForm 4
May 2, 2023Nesci James DPresident and CEOBuy1,000$8.67$8.7KForm 4
Mar 13, 2023Letsche MargaretDirectorBuy1,300$9.86$12.8KForm 4

All 67 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024James D. Nesci52$700.0K$2.2M55
2024Kelly Pecoraro$420.0K$988.8K55
2024Aleksander Malkiman$355.0K$575.6K55
2023President and Chief Executive Officer$700.0K$3.7M55
2023Executive Vice President andChief Financial Officer$400.0K$1.3M55

SEC filer profile

How Blue Foundry Bancorp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBlue Foundry Bancorp1
  • CIK0001846017
  • Employer ID (EIN)86-28313734
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6036 Savings Institutions, Not Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address19 Park Avenue, Rutherford, NJ 070701
  • Phone201-939-66001
  • Shares outstanding19,132,011 shares as of Mar 26, 20264
  • Public float$173.5M as of Jun 30, 20254
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 10, 20211
  • Filings363 in all: 4 (171), 8-K (54), 3 (24), 10-Q (15), SC 13G/A (11), SC 13G (8), 425 (7), SCHEDULE 13G/A (6)1
    All 37 form types

    10-K (5), CORRESP (5), DEFA14A (5), 11-K (4), 144 (4), SCHEDULE 13G (4), UPLOAD (4), 4/A (3), ARS (3), DEF 14A (3), 424B3 (2), DEFC14A (2), DFAN14A (2), PREC14A (2), PX14A6G (2), S-1/A (2), S-8 (2), S-8 POS (2), 15-12G (1), 25-NSE (1), 3/A (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14A (1), EFFECT (1), PRER14A (1), PRRN14A (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Nov 13, 2025
    Proxy statement (DEF 14A) Apr 10, 2025
    Latest 8-K (8-K) Apr 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueBLFYThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Blue Foundry Bancorp names in Item 1A of its 10-K filed Mar 31, 2026: 46 risks under these headings, as written.4

  • Risks Relating to the Merger
  • Because the market price of Fulton common stock may fluctuate prior to the effective time, including as a result of Blue Foundry’s financial performance prior to the effective time, stockholders cannot be certain of the market value of the merger consideration to be received by Blue Foundry stockholders.
  • The market price of Fulton common stock after the merger may be affected by factors different from those currently affecting the independent businesses of Fulton and Blue Foundry.
  • Fulton and Blue Foundry are expected to incur substantial costs related to the merger and integration, and these costs may be greater than anticipated due to unexpected events.
  • Combining Fulton and Blue Foundry may be more difficult, costly or time-consuming than expected, and Fulton and Blue Foundry may fail to realize the anticipated benefits and cost savings of the merger.
  • The future results of Fulton following the completion of the merger may suffer if Fulton does not effectively manage its expanded operations.
  • Fulton may be unable to retain legacy Blue Foundry personnel successfully after the completion of the merger.
  • If the remaining conditions to the closing of the merger are not met, the merger agreement may be terminated in accordance with its terms and the merger may not be completed.
  • Failure to complete the merger could negatively impact Fulton or Blue Foundry.
  • Fulton and Blue Foundry will be subject to business uncertainties and contractual restrictions while the merger is pending.
  • The pendency of the proposed merger could disrupt Fulton’s and Blue Foundry’s relationships with their employees, customers, suppliers, business partners and others, as well as their operating results and business generally.
  • The shares of Fulton common stock to be received by Blue Foundry stockholders as a result of the merger will have different rights from the shares of Blue Foundry common stock.
The other 35 risks
  • Blue Foundry stockholders will have a reduced ownership and voting interest in Fulton after the consummation of the merger and will exercise less influence over management.
  • Issuance of shares of Fulton common stock in connection with the merger may adversely affect the market price of Fulton common stock.
  • Fulton or Blue Foundry or both may be subject to claims and litigation pertaining to the merger that could prevent or delay the completion of the merger.
  • Risks Related to Interest Rate Risk
  • Future changes in interest rates may reduce any future profits.
  • Risks Related to Lending Activities
  • If our allowance for credit losses on loans is not sufficient to cover actual loan losses, our earnings and capital could decrease.
  • If our non-performing assets increase, our earnings will be adversely affected.
  • Risks Related to Loan Underwriting
  • Multifamily and Commercial Real Estate Loans.
  • Junior Liens and Consumer Loans.
  • Commercial and Industrial Loans.
  • Risks Related to Economic Conditions
  • Declines in value may adversely impact our investment portfolio.
  • The geographic concentration of our loan portfolio and lending activities makes us vulnerable to a downturn in our local market area.
  • A worsening of economic conditions in our market area could reduce demand for our products and services and/or result in increases in our level of non-performing loans, which could adversely affect our operations, financial condition and earnings.
  • A lack of liquidity could adversely affect the Company’s financial condition and results of operations.
  • Inflationary pressures and rising prices may affect our results of operations and financial condition.
  • Interruption of our customers’ supply chains and federal funding could negatively impact their business and operations and impact their ability to repay their loans.
  • The failure to address the Federal debt ceiling in a timely manner, downgrades of the U.S. credit rating and uncertain credit and financial market conditions may affect the stability of securities issued or guaranteed by the Federal government, which may affect the valuation or liquidity of our investment securities portfolio and increase future borrowing costs.
  • Severe weather, acts of terrorism, geopolitical and other external events could impact our ability to conduct business.
  • Risks Related to Competition
  • Strong competition within our market area may limit our growth and profitability.
  • Risks Related to Operations and Security
  • We face significant operational risks because the nature of the financial services business involves a high volume of transactions.
  • Cyber-attacks or other security breaches could adversely affect our operations, net income or reputation.
  • Risks associated with system failures, interruptions, or breaches of security could negatively affect our earnings.
  • The inability to stay current with technological change could adversely affect our business model.
  • Our operations rely on certain third party vendors.
  • We depend on our management team, many of whom are new to the Bank, to implement our business strategy and execute successful operations and we could be harmed by the loss of their services.
  • While our Board of Directors takes an active role in cybersecurity risk tolerance, we rely to a large degree on management and outside consultants in overseeing cybersecurity risk management.
  • Our cost of operations is high relative to our revenues.
  • The cost of additional finance and accounting systems, procedures and controls in order to satisfy our new public company reporting requirements will increase our expenses.
  • We are a community bank and our ability to maintain our reputation is critical to the success of our business and the failure to do so may materially adversely affect our performance.
  • Our risk management framework may not be effective in mitigating risk and reducing the potential for significant losses.
  • Risks Related to Regulatory Matters
  • Changes in laws, regulations and the regulatory policies of the Federal government, and the cost of regulatory compliance with new laws and regulations may adversely affect our operations and/or increase our costs of operations.
  • We are subject to stringent capital requirements, which may adversely impact our return on equity, require us to raise additional capital, or restrict us from paying dividends or repurchasing shares.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions.
  • Changes in management’s estimates and assumptions may have a material impact on our consolidated financial statements and our financial condition or operating results.
  • Various factors may make takeover attempts more difficult to achieve.
  • Our New York State multifamily loan portfolio could be adversely impacted by changes in legislation or regulation.

Legal proceedings

Periodically, we are involved in claims and lawsuits, such as claims to enforce liens, condemnation proceedings on properties in which we hold security interests, claims involving the making and servicing of real property loans and other issues incident to our business. At December 31, 2025, we were not a party to any pending legal proceedings that we believe would have a material adverse effect on our financial condition, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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