PONCE FINANCIAL GROUP INC Stock Price, News & Analysis

Ponce Bank (PDLB) celebrated the grand opening of its new Inwood branch on October 6, 2025, at 3876 9th Avenue in Upper Manhattan. The ribbon-cutting gathered community leaders, local business owners, and elected officials including Congressman Adriano Espaillat and Senator Robert Jackson.

The bank emphasized its mission-driven focus on providing accessible, dignified banking to families, street vendors, and small businesses in Inwood, and thanked local organizations and agencies that supported the expansion.

Ponce Financial Group (NASDAQ:PDLB) announced that effective October 10, 2025 its subsidiary Ponce Bank completed a conversion from a federally chartered stock savings association to a national bank and commenced operations as Ponce Bank, National Association. The company also commenced operations as a bank holding company and elected to become a financial holding company, enabling engagement in additional financial activities. The bank sought national status to increase bank powers, including eligibility to receive municipal deposits in New York. Management indicated they do not expect material changes to core business operations as a result of the conversions.

Ponce Financial Group (NASDAQ: PDLB) reported strong Q2 2025 results with net income available to common stockholders of $5.8 million, or $0.25 per diluted share, compared to $3.1 million ($0.14/share) in Q2 2024.

Key highlights include: Net interest income increased 36.43% YoY to $24.4 million, with net interest margin improving to 3.27% from 2.62% last year. Total assets grew 3.75% to $3.15 billion, driven by a 7.53% increase in net loans to $2.46 billion. Deposits increased 8.35% to $2.04 billion.

The bank maintained strong capital ratios with total capital to risk-weighted assets at 22.65%. Asset quality improved with non-performing loans decreasing to 0.76% of total assets, while maintaining a 101.01% allowance coverage ratio.

Ponce Financial Group (NASDAQ: PDLB) reported strong Q1 2025 results with net income available to common stockholders of $5.7 million ($0.25 per diluted share), up from $2.7 million in Q4 2024 and $2.4 million in Q1 2024.

Key highlights include:

• Net interest income increased to $22.2 million, up 7.11% from previous quarter
• Net interest margin improved to 2.98%, up from 2.80% in Q4 2024
• Non-interest income rose to $2.4 million, a 13.54% increase from Q4 2024
• Deposits grew by $120.1 million to $2.00 billion, a 6.37% increase
• Net loans receivable increased by $84.3 million to $2.37 billion

The company's focus on net interest margin, operating expenses, and fee income yielded positive trends. Their construction lending initiatives, qualifying as Deep Impact lending under the U.S. Treasury's Emergency Capital Investment Program, help reduce preferred stock dividends payable to the U.S. Treasury.

Ponce Bank has unveiled its redesigned Westchester Avenue branch in the Bronx, marking a significant transformation in its banking experience. The grand re-opening is scheduled for February 27, 2025. The renovation, which resumed after being interrupted by the Covid Pandemic, features state-of-the-art banking technologies combined with community-centric elements.

The branch's new design includes Open Tellers for consultative experiences, centrally located managers, private spaces, and meeting areas with teleconferencing capabilities. As part of the Westchester Banking Development District (BDD), this renovation reinforces the branch's role as a community hub aimed at attracting new depositors and business customers.

The project, led by SVP Steve Hamilton, represents a significant investment in modernizing banking services while maintaining a strong community focus. The initiative has received support from various officials, including New York State Comptroller Thomas P. DiNapoli and Bronx Borough President Vanessa L. Gibson, highlighting its importance in providing access to capital and supporting local economic growth.

Ponce De Leon Foundation has awarded $610,000 in grants to various nonprofits, continuing its mission of community support since 2017. The Foundation has provided over $2.4 million in grants since its inception. The current round of funding supports 23 different organizations across diverse focus areas including education, arts, youth development, senior services, and community assistance.

Notable grants include $30,000 each to organizations like Andromeda Community Initiative, Education Through Music, Housing Partnership Development Corp, and The HOPE Program. Other significant awards include $25,000 to ACE Programs for low-income housing services and $20,000 to Act Now Foundation for Alzheimer's care. The grants support various initiatives ranging from music education and youth sports to food security and digital literacy programs.

Ponce Financial Group (NASDAQ: PDLB) reported Q4 2024 results with net income available to common stockholders of $2.7 million ($0.12 per diluted share), compared to $2.2 million in Q3 2024 and $0.5 million in Q4 2023. Full-year 2024 net income reached $10.3 million ($0.46 per diluted share), up from $3.4 million in 2023.

Key financial metrics showed strong growth: net interest income increased 17.18% to $76.5 million for 2024, net loans grew 20.61% to $2.29 billion, and deposits rose 25.02% to $1.88 billion. The net interest margin improved to 2.80% in Q4 2024, up from 2.65% in Q3 2024.

The company executed an agreement with the U.S. Treasury allowing potential buyback of ECIP preferred shares upon meeting certain conditions. Deep Impact Lending reached 79% over the last 10 quarters, well above the required 60% threshold.

Ponce Financial Group (NASDAQ: PDLB), the holding company for Ponce Bank, has announced its participation in an upcoming virtual bank conference. The event, hosted by Sycamore Analytics and Pendragon Capital Management, is scheduled for December 11, 2024, from 1:05 to 1:35 PM. Interested parties can register for the conference at www.VirtualBankConference.com.

Ponce Financial Group reported Q3 2024 net income of $2.2 million ($0.10 per diluted share), down from $3.1 million ($0.14 per share) in Q2 2024. Net interest income increased to $19.0 million, up 6.25% from prior quarter and 15.00% year-over-year. Net interest margin was 2.65%. Total assets reached $3.02 billion, with net loans increasing by $284.4 million to $2.18 billion. Deposits grew by $362.7 million to $1.87 billion. The Company maintained strong capital ratios with total capital to risk-weighted assets at 21.61%.