Ponce Financial Group, Inc.

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 6, 2025

PDLB$22.12+1.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Consolidated Statements of Operations (Unaudited)

Three and Six Months Ended June 30, 2025 and 2024

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2025	2024	2025	2024
Interest and dividend income:
Interest on loans receivable	$40,291	$31,281	$77,427	$61,945
Interest on deposits due from banks	807	1,542	2,475	4,453
Interest and dividend on securities and FHLBNY stock	4,762	5,969	9,955	12,060
Total interest and dividend income	45,860	38,792	89,857	78,458
Interest expense:
Interest on certificates of deposit	7,382	6,358	15,136	12,738
Interest on other deposits	9,058	7,389	17,612	13,929
Interest on borrowings	4,994	7,141	10,480	15,064
Total interest expense	21,434	20,888	43,228	41,731
Net interest income	24,426	17,904	46,629	36,727
Provision (benefit) for credit losses (Note 3) (Note 5) (1)	1,626	(867)	1,341	(883)
Net interest income after provision (benefit) for credit losses	22,800	18,771	45,288	37,610
Non-interest income:
Service charges and fees	511	492	1,036	965
Brokerage commissions	—	9	4	17
Late and prepayment charges	530	426	1,227	785
Income on sale of mortgage loans	169	274	317	576
Income on sale of SBA loans	—	—	404	—
Grant income	428	—	428	—
Other	422	1,057	1,025	1,622
Total non-interest income	2,060	2,258	4,441	3,965
Non-interest expense:
Compensation and benefits	7,627	7,724	15,407	15,568
Occupancy and equipment	3,907	3,564	7,820	7,231
Data processing expenses	1,188	1,013	2,340	2,140
Direct loan expenses	241	633	629	1,365
Insurance and surety bond premiums	297	263	612	516
Office supplies, telephone and postage	174	233	344	482
Professional fees	1,367	1,369	2,731	3,092
Microloans recoveries	—	(65)	—	(118)
Marketing and promotional expenses	266	145	349	245
Federal deposit insurance and regulatory assessment(2)	546	428	1,007	817
Other operating expenses (2)	1,256	1,333	2,518	2,088
Total non-interest expense (1)	16,869	16,640	33,757	33,426
Income before income taxes	7,991	4,389	15,972	8,149
Provision for income taxes	1,891	1,197	3,913	2,543
Net income	$6,100	$3,192	$12,059	$5,606
Dividends on preferred shares	282	75	563	75
Net income available to common stockholders	$5,818	$3,117	$11,496	$5,531
Earnings per common share (Note 9):
Basic	$0.26	$0.14	$0.51	$0.25
Diluted	$0.25	$0.14	$0.50	$0.25
Weighted average common shares outstanding (Note 9):
Basic	22,716,615	22,409,803	22,689,914	22,381,647
Diluted	22,947,769	22,419,309	22,920,841	22,393,018

(1) For the three and six months ended June 30, 2024, benefit for contingencies in the amount of $0.5 million and $0.3 million, respectively, were reclassified from total non-interest expense to provision (benefit) for credit losses.

(2) For the three months and six months ended June 30, 2024, $0.3 million and $0.6 million, respectively, of federal deposit insurance was reclassified from other operating expenses to federal deposit insurance and regulatory assessments and $0.1 million and $0.2 million, respectively, of directors fees were reclassified from federal deposit insurance and regulatory assessments to other operating expenses.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.