Ponce Financial Group, Inc.

For the period ended Sep 30, 2025. Filed Nov 5, 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.

Sep 30, 2025 · Filed Nov 5, 2025

PDLB$21.95-0.8%Stored close · as of Nov 10, 2026

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Consolidated Statements of Operations (Unaudited)

Three and Nine Months Ended September 30, 2025 and 2024

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2025	2024	2025	2024
Interest and dividend income:
Interest on loans receivable	$41,486	$32,945	$118,913	$94,890
Interest on deposits due from banks	978	2,430	3,453	6,883
Interest and dividend on securities and FHLBNY stock	4,383	5,918	14,338	17,978
Total interest and dividend income	46,847	41,293	136,704	119,751
Interest expense:
Interest on certificates of deposit	6,553	6,926	21,689	19,664
Interest on other deposits	9,996	8,519	27,608	22,448
Interest on borrowings	5,050	6,825	15,530	21,889
Total interest expense	21,599	22,270	64,827	64,001
Net interest income	25,248	19,023	71,877	55,750
Provision (benefit) for credit losses (Note 3) (Note 5) (1)	1,364	537	2,705	(346)
Net interest income after provision (benefit) for credit losses	23,884	18,486	69,172	56,096
Non-interest income:
Service charges and fees	539	508	1,575	1,473
Brokerage commissions	8	—	12	17
Late and prepayment charges	385	77	1,612	862
Income on sale of mortgage loans	166	218	483	794
Income on sale of SBA loans	—	—	404	—
Grant income	429	—	857	—
Other	(35)	348	990	1,970
Total non-interest income	1,492	1,151	5,933	5,116
Non-interest expense:
Compensation and benefits	7,868	7,674	23,275	23,242
Occupancy and equipment	3,934	3,786	11,754	11,017
Data processing expenses	1,296	1,099	3,636	3,239
Direct loan expenses	155	573	784	1,938
Insurance and surety bond premiums	318	292	930	808
Office supplies, telephone and postage	170	222	514	704
Professional fees	1,409	1,351	4,140	4,443
Microloans recoveries	—	(54)	—	(172)
Marketing and promotional expenses	184	180	533	425
Federal deposit insurance and regulatory assessment(2)	266	392	1,273	1,209
Other operating expenses (2)	1,018	1,051	3,536	3,139
Total non-interest expense (1)	16,618	16,566	50,375	49,992
Income before income taxes	8,758	3,071	24,730	11,220
Provision for income taxes	2,250	638	6,163	3,181
Net income	$6,508	$2,433	$18,567	$8,039
Dividends on preferred shares	281	281	844	356
Net income available to common stockholders	$6,227	$2,152	$17,723	$7,683
Earnings per common share (Note 9):
Basic	$0.27	$0.10	$0.78	$0.34
Diluted	$0.27	$0.10	$0.77	$0.34
Weighted average common shares outstanding (Note 9):
Basic	22,766,195	22,446,009	22,715,620	22,403,258
Diluted	23,135,448	22,612,028	22,992,655	22,466,178

(1) For the three and nine months ended September 30, 2024, benefit for contingencies in the amount of $0.3 million and $0.6 million, respectively, were reclassified from total non-interest expense to provision (benefit) for credit losses.

(2) For the three months and nine months ended September 30, 2024, $0.3 million and $0.9 million, respectively, of federal deposit insurance were reclassified from other operating expenses to federal deposit insurance and regulatory assessments and $0.1 million and $0.3 million, respectively, of directors fees were reclassified from federal deposit insurance and regulatory assessments to other operating expenses.

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