What is Blue Foundry Bancorp Efficiency Overhead Ratio %?
Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.
Blue Foundry Bancorp's Efficiency Overhead Ratio % for the quarter that ended in Dec. 2023 was 128.41%
, which is higher than
120.98% for the pervious quarter ended in Sep. 2023.
Blue Foundry Bancorp's Efficiency Overhead Ratio % for the annual that ended in Dec. 2023 was 0.00%
, which is lower than
96.82% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Blue Foundry Bancorp's Efficiency Overhead Ratio % or its related term are showing as below:
BLFY's Efficiency Overhead Ratio % is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Efficiency Overhead Ratio % only.
Blue Foundry Bancorp Efficiency Overhead Ratio % Historical Data
The historical data trend for Blue Foundry Bancorp's Efficiency Overhead Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Blue Foundry Bancorp Efficiency Overhead Ratio % Chart
Competitive Comparison of Blue Foundry Bancorp's Efficiency Overhead Ratio %
For the Banks - Regional subindustry, Blue Foundry Bancorp's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Blue Foundry Bancorp (NAS:BLFY) Efficiency Overhead Ratio % Calculation
Efficiency Overhead Ratio % is calculated as
Efficiency Overhead Ratio %
=
Non-interest Expenses
/
Revenue
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Blue Foundry Bancorp (NAS:BLFY) Efficiency Overhead Ratio % Explanation
Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.
An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.
Blue Foundry Bancorp Efficiency Overhead Ratio % Related Terms
Thank you for viewing the detailed overview of Blue Foundry Bancorp's Efficiency Overhead Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Blue Foundry Bancorp (Blue Foundry Bancorp) Business Description
Blue Foundry Bancorp is a full-service bank. Its business consists of originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a wide variety of deposit products. The bank also invests in securities. Its revenues are derived from interest on loans and, to a lesser extent, interest on mortgage-backed and other investment securities. The company's sources of funds are deposits, principal, and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York.
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