Blue Foundry Bancorp (FRA:5P8) Scaled Net Operating Assets : 0.20 (As of Mar. 2024)

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What is Blue Foundry Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Blue Foundry Bancorp's operating assets for the quarter that ended in Mar. 2024 was €1,572.14 Mil. Blue Foundry Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was €1,204.33 Mil. Blue Foundry Bancorp's Total Assets for the quarter that ended in Dec. 2023 was €1,875.23 Mil. Therefore, Blue Foundry Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.20.

Blue Foundry Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Blue Foundry Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1833.026	-	1160.047)	/	1928.911
=	0.35

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1875.231	-	42.205
=	1833.026

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1549.109	-	389.062	-	0
=	1160.047

Blue Foundry Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(1572.135	-	1204.326)	/	1875.231
=	0.20

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1865.564	-	293.429
=	1572.135

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1543.421	-	339.095	-	0
=	1204.326

* 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.

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Blue Foundry Bancorp (FRA:5P8) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BLFY:USA

Address

19 Park Avenue, Rutherford, NJ, USA, 07070

Website

https://www.bluefoundrybank.com

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.