Ponce Financial Group, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
PDLB$21.95-0.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Cash Flows From Operating Activities: | ||
| Net income | $8,623 | $5,959 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Amortization of premiums/discounts on securities, net | (3) | (22) |
| Gain on sale of loans | (120) | (552) |
| Provision (benefit) for credit losses | 1,656 | (285) |
| Depreciation and amortization | 1,232 | 1,207 |
| ESOP compensation expense | 587 | 560 |
| Share-based compensation expense | 552 | 503 |
| Deferred income taxes | (266) | (37) |
| Changes in assets and liabilities: | ||
| Decrease in mortgage loans held for sale, fair value | 1,381 | 2,317 |
| Increase in accrued interest receivable | (1,369) | (1,237) |
| (Increase) decrease in other assets | (2,032) | 8,448 |
| Increase in accrued interest payable | 550 | 916 |
| Decrease in operating lease liabilities | (684) | (730) |
| Increase (decrease) in other liabilities | 3,774 | (3,960) |
| Net cash provided by operating activities | 13,881 | 13,087 |
| Cash Flows From Investing Activities: | ||
| Net redemption and (purchase) of FHLBNY stock | 1,129 | 3,375 |
| Net redemption and (purchase) of FRBNY stock | (8) | — |
| Proceeds from maturities, calls and principal repayments on securities | 14,720 | 13,603 |
| Proceeds from sale of loans | 1,067 | 5,738 |
| Net increase in loans | (101,751) | (90,397) |
| Purchases of premises and equipment | (47) | (154) |
| Net cash used in investing activities | (84,890) | (67,835) |
| Cash Flows From Financing Activities: | ||
| Net increase in deposits | 87,160 | 120,083 |
| Net repayment from borrowings | (25,000) | (75,000) |
| Stock options exercised | 222 | — |
| Dividends paid on preferred stock | (281) | (281) |
| Net cash provided by financing activities | 62,101 | 44,802 |
| Net decrease in cash and cash equivalents | (8,908) | (9,946) |
| Cash and cash equivalents at beginning of period | 126,154 | 139,839 |
| Cash and cash equivalents at end of period | $117,246 | $129,893 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest on deposits and borrowings | $19,886 | $20,878 |
| Cash paid for income taxes | $520 | $409 |
| Operating lease assets in exchange for operating lease liabilities | $760 | $— |
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