Welcome to our dedicated page for Ponce Financial Group news (Ticker: $PDLB), a resource for investors and traders seeking the latest updates and insights on Ponce Financial Group stock.
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Ponce Financial Group, Inc. reported solid first quarter 2024 results with a net income of $2.4 million, or $0.11 per diluted share, marking significant growth from the previous periods. The company demonstrated notable increases in net interest income, total assets, net loans receivable, and deposits. President Carlos P. Naudon highlighted operational progress, showcasing improved net interest income and margin, reduced expenses, and strong capital and liquidity positions. Executive Chairman Steven A. Tsavaris emphasized balanced growth in loans and deposits while maintaining credit quality.
