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
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations (Unaudited)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Interest and dividend income: | ||
| Interest on loans receivable | $43,982 | $37,136 |
| Interest on deposits due from banks | 770 | 1,668 |
| Interest and dividend on securities and FHLBNY stock | 3,910 | 5,193 |
| Total interest and dividend income | 48,662 | 43,997 |
| Interest expense: | ||
| Interest on certificates of deposit | 6,415 | 7,754 |
| Interest on other deposits | 8,630 | 8,554 |
| Interest on borrowings | 5,391 | 5,486 |
| Total interest expense | 20,436 | 21,794 |
| Net interest income | 28,226 | 22,203 |
| Provision (benefit) for credit losses (Note 3) (Note 5) | 1,656 | (285) |
| Net interest income after provision (benefit) for credit losses | 26,570 | 22,488 |
| Non-interest income: | ||
| Service charges and fees | 539 | 525 |
| Brokerage commissions | — | 4 |
| Late and prepayment charges | 726 | 697 |
| Income on sale of mortgage loans | 120 | 148 |
| Income on sale of SBA loans | — | 404 |
| Other | 657 | 603 |
| Total non-interest income | 2,042 | 2,381 |
| Non-interest expense: | ||
| Compensation and benefits | 8,663 | 7,780 |
| Occupancy and equipment | 3,672 | 3,913 |
| Data processing expenses | 1,219 | 1,152 |
| Direct loan expenses | 121 | 388 |
| Insurance and surety bond premiums | 333 | 315 |
| Office supplies, telephone and postage | 193 | 170 |
| Professional fees | 1,346 | 1,364 |
| Marketing and promotional expenses | 228 | 83 |
| Federal deposit insurance and regulatory assessment | 409 | 461 |
| Other operating expenses | 1,056 | 1,262 |
| Total non-interest expense | 17,240 | 16,888 |
| Income before income taxes | 11,372 | 7,981 |
| Provision for income taxes | 2,749 | 2,022 |
| Net income | $8,623 | $5,959 |
| Dividends on preferred shares | 281 | 281 |
| Net income available to common stockholders | $8,342 | $5,678 |
| Earnings per common share (Note 9): | ||
| Basic | $0.36 | $0.25 |
| Diluted | $0.36 | $0.25 |
| Weighted average common shares outstanding (Note 9): | ||
| Basic | 22,988,317 | 22,662,916 |
| Diluted | 23,331,314 | 22,876,740 |
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