Ponce Financial Group, Inc., the holding company for Ponce Bank, National Association, reported a net income available to common stockholders of $27.6 million for the year ended December 31, 2025, a significant increase from the $10.3 million reported for the previous year. This translates to earnings per basic share of $1.21 and earnings per diluted share of $1.20, compared to $0.46 for both basic and diluted shares in 2024. The company attributed this improvement to a $23.3 million increase in net interest income and a $2.2 million rise in non-interest income, partially offset by higher provisions for income taxes and credit losses.
The company's total assets grew by 6.1% to $3.22 billion, driven primarily by a $312.7 million increase in net loans receivable. Gross loans reached $2.62 billion, with notable growth in multifamily residential, nonresidential properties, and construction and land loans. However, the securities portfolio experienced a decrease, with available-for-sale securities falling to $92.2 million and held-to-maturity securities declining to $273.0 million. Deposits also saw an increase, reaching $2.05 billion, with a shift towards interest-bearing deposits.
Strategically, Ponce Financial Group is focused on qualifying for the repurchase of preferred stock issued under the Emergency Capital Investment Program (ECIP) by concentrating loan originations on applications meeting the program's Qualified and Deep Impact Lending provisions. The company is also working to grow core deposits, adapt and increase utilization of technology, and attract and retain a high-performing workforce. As part of its technology initiatives, the company is driving adoption of technology via reporting/tracking in loan origination system ("LOS") and enhance Deposit Account Opening ("DAO") software, automating SBA lending processes, and transitioning to construction monitoring application.
As of December 31, 2025, Ponce Financial Group had 216 full-time equivalent employees. The company's common stock traded on The Nasdaq Stock Market, LLC under the symbol “PDLB.” The company's largest aggregate exposure to one borrower was $58.0 million. The company's allowance for credit losses increased to $25.4 million, representing 0.97% of total gross loans. The company's Community Reinvestment Act rating was "outstanding" in its most recent federal examination.
About Ponce Financial Group, Inc.
Ponce Financial Group, Inc. is a holding company for Ponce Bank, a federally chartered savings institution serving the New York City area. The bank specializes in real estate-secured loans, including residential, multifamily, nonresidential, construction, land, and commercial loans, along with deposit services. It focuses on community development, minority markets, and providing financial services to diverse urban communities through a branch network and digital channels.
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