蓝色熔炉银行控股公司2025年季度报告

(Mark one) Commission File Number001-40619 BLUE FOUNDRY BANCORP Not Applicable(Former Name or Former Address, if Changed Since Last Report) Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months and (2)has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and postedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit and post such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reportingcompany. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act: Largeacceleratedfiler☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No As of November7, 2025 there were 28,522,500 shares issued and20,761,225sharesoutstanding of the Registrant’s Common Stock, par value$0.01 per share. BLUE FOUNDRY BANCORPFORM 10-QIndex PART I.FINANCIAL INFORMATION3ITEM1.FINANCIAL STATEMENTS3CONSOLIDATED BALANCE SHEETS3CONSOLIDATED STATEMENTS OFOPERATIONS4CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS5CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY6CONSOLIDATED STATEMENTS OF CASH FLOWS8NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS10ITEM2.MANAGEMENT’SDISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS42ITEM3.QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK48ITEM4.CONTROLS AND PROCEDURES51PARTII.OTHER INFORMATION51ITEM1.LEGAL PROCEEDINGS51ITEM1A.RISK FACTORS51ITEM2.UNREGISTERED SALES OF EQUITY SECURITIES.USE OF PROCEEDSAND ISSUERPURCHASES OF EQUITY SECURITIES52ITEM3.DEFAULTS UPON SENIOR SECURITIES52ITEM4.MINE SAFETY DISCLOSURES52ITEM5.OTHER INFORMATION52ITEM6.EXHIBITS53 See accompanying notes to the consolidated financial statements. NOTE 1 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The accompanying consolidated financial statements include the accounts of Blue Foundry Bancorp (the “Company”), and its whollyowned subsidiary, Blue Foundry Bank (the “Bank”), and the Bank’s wholly owned subsidiaries, TrackView LLC and Blue FoundryInvestmentCompany(collectively,the“Company”).All intercompany accounts and transactions have been eliminated inconsolidation. Blue Foundry Bancorp owns100% of the common stock of Blue Foundry Bank. Segment Reporting The Company operates as a single operating segment for financial reporting purposes. Basis of Financial Statement Presentation The consolidated financial statements of the Company have been prepared in conformity with U.S. generally accepted accountingprinciples. Certain information and note disclosures usually included in financial statements prepared in accordance with U.S.generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to the rules and regulations of theSecurities and Exchange Commission (“SEC”) for the preparation of the Quarterly Reports on Form 10-Q and with Regulation S-X.The interim unaudited consolidated financial statements reflect all normal and recurring adjustments, which are, in the opinion ofmanagement, considered necessary for a fair presentation of the consolidated balance sheets and the consolidated statements of incomefor the periods presented. In preparing the consolidated financial statements, management is required to make estimates andassumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheets and revenues andexpenses for the period. Actual results could differ from those estimates. Some items in the prior year financial statements may bereclassified to conform to the current presentation. The results of operations and other data presented for the three and nine monthsended September 30, 2025 are not necessarily indicative of the results of operations that may be expected for subsequent periods or thefull year results. These financial statements should be read in conjunction with the annual financial statements and notes theretoincluded in the Company’s Annual Report on Form 10-K for the fiscal year ended December31, 2024 filed on March27, 2025. The accounting policies of the Company conform to U.S. GAAP and to general practice within the financial services industry. Adiscussion of these polic