Blue Foundry Bancorp (NASDAQ:BLFY) Q4 2022 Earnings Call Transcript

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Kelly Pecoraro: All right. So, for minimal profitability, our tax rate we’re pegging at the 10% to 12% as we are able to utilize the valuation allowance as we have earnings. If we are in a loss position, there is no tax benefit recorded or a tax expense recorded.

Laurie Hunsicker: Great. Tim and Kelly, thanks for taking my questions.

Kelly Pecoraro: Thank you, Laurie.

Jim Nesci: Thank you. Have a great day.

Operator: Thank you, Laurie. We have no further questions on the line. I will now hand back for Jim — to Jim for closing remarks.

Jim Nesci: Thank you very much, operator. I’d like to thank everybody who joined us today on our call. Look forward to speaking to everybody next quarter. Thanks, and have a great day.

Operator: Thank you. Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines.

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