Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Blue Foundry Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $355.64 Mil. Blue Foundry Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,044.96 Mil.
Therefore, Blue Foundry Bancorp's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.17.
The historical rank and industry rank for Blue Foundry Bancorp's Equity-to-Asset or its related term are showing as below:
BLFY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.17 Max: 0.22
Current: 0.17
During the past 5 years, the highest Equity to Asset Ratio of Blue Foundry Bancorp was 0.22. The lowest was 0.11. And the median was 0.17.
BLFY's Equity-to-Asset is ranked better than 91.14% of 1467
companies
in the Banks industry
Industry Median: 0.09
vs BLFY: 0.17
Blue Foundry Bancorp Equity-to-Asset Historical Data
The historical data trend for Blue Foundry Bancorp's Equity-to-Asset 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.
Competitive Comparison of Blue Foundry Bancorp's Equity-to-Asset
For the Banks - Regional subindustry, Blue Foundry Bancorp's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Blue Foundry Bancorp's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Blue Foundry Bancorp's Equity-to-Asset falls into.
Blue Foundry Bancorp Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Blue Foundry Bancorp's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Blue Foundry Bancorp Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Blue Foundry Bancorp's Equity-to-Asset 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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