BLUE FOUNDRY BANC. DL-,01 Aktie

Shareholders of Blue Foundry Bancorp approved the merger with Fulton Financial at a special meeting. The all‑stock deal, valued at about $243 million, provides for Blue Foundry to be merged into Fulton; Blue Foundry shareholders will receive 0.6500 Fulton common shares per Blue Foundry share (equivalent to $11.67 per Blue Foundry share based on Fulton’s Nov. 21 closing price). Fulton said the acquisition expands its presence in northern New Jersey; an additional adjournment proposal was also approved but was not required because the merger vote threshold was met. » Más en de.investing.com

Fulton Financial Corporation announced the acquisition of Blue Foundry Bancorp as an all-stock transaction valued at about $243 million. Each Blue Foundry common share will be exchanged for 0.6500 Fulton common shares, which based on Fulton’s closing price on November 21 implies a valuation of $11.67 per Blue Foundry share. Fulton expects the deal to accelerate growth in north New Jersey, increase earnings in the first full year by more than 5%, and positively affect tangible book value per share; closing is targeted for Q2 2026, subject to regulatory and shareholder approvals. » Más en de.investing.com

Blue Foundry Bancorp reported a lower net loss per share than expected in the second quarter of 2025 and exceeded revenue expectations. The company benefited from a diversified loan portfolio and strategic share buybacks, which led to a positive market reaction. Management emphasized its focus on efficiency and continued growth despite a challenging banking environment. » Más en de.investing.com