--- title: "PDL Community Bancorp | 8-K: FY2026 Q2 Revenue: USD 53.18 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293924300.md" datetime: "2026-07-27T11:29:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293924300.md) - [en](https://longbridge.com/en/news/293924300.md) - [zh-HK](https://longbridge.com/zh-HK/news/293924300.md) generator: "portal-rs" --- # PDL Community Bancorp | 8-K: FY2026 Q2 Revenue: USD 53.18 M Revenue: As of FY2026 Q2, the actual value is USD 53.18 M. EPS: As of FY2026 Q2, the actual value is USD 0.35, missing the estimate of USD 0.37. EBIT: As of FY2026 Q2, the actual value is USD 11.31 M. ### Financial Highlights for the Three Months Ended June 30, 2026 #### Net Income Net income available to common stockholders for Ponce Financial Group, Inc. was $8.2 million, or $0.35 per diluted share, for the three months ended June 30, 2026. This compares to $8.3 million, or $0.36 per diluted share, for the three months ended March 31, 2026, and $5.8 million, or $0.25 per diluted share, for the three months ended June 30, 2025. Total net income for the second quarter of 2026 was $8.5 million. Dividends of $0.3 million were paid on preferred stock during the second quarter of 2026. #### Net Interest Income and Margin Net interest income was $30.1 million for the second quarter of 2026, increasing $1.8 million (6.50%) from the prior quarter and $5.6 million (23.07%) from the same quarter last year. Net interest margin for the second quarter of 2026 was 3.66%, up from 3.61% in the prior quarter and 3.27% in the same quarter last year. Total interest and dividend income was $51.7 million, offset by $21.6 million in interest expense for the quarter. #### Non-Interest Income and Expense Non-interest income for the second quarter of 2026 was $1.5 million, a decrease of $0.5 million (25.22%) from the prior quarter and a decrease of $0.5 million (25.87%) from the same quarter last year. Non-interest expense was $18.1 million, an increase of $0.9 million (5.19%) from the prior quarter and an increase of $1.3 million (7.50%) from the same quarter last year. The provision for income taxes was $2.8 million. #### Credit Quality The provision for credit losses was $2.1 million for the second quarter of 2026, consisting of $1.7 million charged on the funded portion and $0.4 million on the unfunded portion of loans. Total non-performing assets and accruing modifications to borrowers experiencing financial difficulty were $26.8 million at June 30, 2026, compared to $23.6 million at March 31, 2026, and $28.5 million at June 30, 2025. Non-performing loans as a percentage of total assets was 0.67% as of June 30, 2026. #### Performance Ratios (Quarterly) Return on average assets was 1.00% for Q2 2026, compared to 1.07% for Q1 2026 and 0.79% for Q2 2025. Return on common equity was 9.81% for Q2 2026, compared to 10.37% for Q1 2026 and 7.88% for Q2 2025. The efficiency ratio was 57.41% for Q2 2026, compared to 56.96% for Q1 2026 and 63.69% for Q2 2025. ### Financial Highlights for the Six Months Ended June 30, 2026 #### Net Income Net income available to common stockholders was $16.6 million, or $0.71 per diluted share, for the six months ended June 30, 2026, an increase from $11.5 million, or $0.50 per diluted share, for the six months ended June 30, 2025. Total net income for the six months ended June 30, 2026, was $17.1 million, compared to $12.1 million for the same period in 2025. Dividends of $0.6 million were paid on preferred stock during both periods. #### Net Interest Income and Margin Net interest income for the six months ended June 30, 2026, was $58.3 million, an increase of $11.7 million (25.0%) compared to $46.6 million for the same period in 2025. Net interest margin for the six months ended June 30, 2026, was 3.64%, an increase of 52 basis points from 3.12% for the six months ended June 30, 2025. Total interest and dividend income increased by $10.5 million, while total interest expense decreased by $1.2 million for the six-month period YoY. #### Non-Interest Income and Expense Non-interest income for the six months ended June 30, 2026, was $3.6 million, a decrease of $0.9 million (19.6%) from $4.4 million for the same period in 2025. Non-interest expense for the six months ended June 30, 2026, was $35.4 million, an increase of $1.6 million (4.8%) compared to $33.8 million for the same period in 2025. The provision for income taxes increased by $1.6 million YoY. #### Provision for Credit Losses For the six months ended June 30, 2026, a credit loss provision of $3.8 million was recorded on loans, compared to $1.3 million for the same period in 2025. ### Balance Sheet as of June 30, 2026 #### Assets Total assets increased $270.7 million (8.40%) to $3.49 billion as of June 30, 2026, from $3.22 billion as of December 31, 2025. This increase was primarily driven by a $280.5 million increase in net loans receivable to $2.88 billion, and a $13.9 million increase in cash and equivalents to $140.0 million. Securities decreased by $26.8 million (7.34%) to $338.4 million.Total assets were $3.49 billion, and total loans were $2.88 billion. Net loans receivable increased by $421.0 million, or 17.1%, from June 30, 2025. #### Liabilities and Stockholders’ Equity Total liabilities increased $251.3 million (9.37%) to $2.93 billion as of June 30, 2026, from $2.68 billion as of December 31, 2025. Deposits increased $225.2 million (11.00%) to $2.27 billion, and borrowings increased by $25.0 million. Total stockholders’ equity increased $19.4 million (3.59%) to $561.0 million as of June 30, 2026, from $541.5 million as of December 31, 2025. Book value per common share was $13.89 as of June 30, 2026, up from $13.12 as of December 31, 2025.Total deposits were $2.27 billion, an increase of $218.7 million, or 10.6%, from June 30, 2025. ### Capital Ratios (as of June 30, 2026) #### Ponce Financial Group, Inc. Total capital to risk-weighted assets was 20.00%. Common equity Tier 1 capital to risk-weighted assets was 11.51%. Tier 1 capital to total assets was 16.85%. Specifically, Total Capital to Risk-Weighted Assets was $602,120 thousand (20.00%), Tier 1 Capital to Risk-Weighted Assets was $571,574 thousand (18.99%), Common Equity Tier 1 Capital Ratio was $346,574 thousand (11.51%), and Tier 1 Capital to Total Assets was $571,574 thousand (16.85%). #### Ponce Bank Total capital to risk-weighted assets was 18.88%. Common equity Tier 1 capital to risk-weighted assets was 17.87%. Tier 1 capital to total assets was 15.81%. Specifically, Total Capital to Risk-Weighted Assets was $566,435 thousand (18.88%), Tier 1 Capital to Risk-Weighted Assets was $535,888 thousand (17.87%), Common Equity Tier 1 Capital Ratio was $535,888 thousand (17.87%), and Tier 1 Capital to Total Assets was $535,888 thousand (15.81%). ### Operational Metrics (as of June 30, 2026) Ponce Financial Group, Inc. operated with 17 offices and had 229 full-time equivalent employees. The company’s full-time equivalent employees equated to $15.3 million in assets per employee. Market capitalization was $482 million. Tangible Book Value Per Common Share (Non-GAAP) was $13.89. #### Loan Portfolio Composition (as of June 30, 2026) The loan portfolio composition included 14.7% in 1-4 Family Residential, 28.1% in Construction and Land, 18.4% in Multifamily Residential, and 36.4% in Nonresidential Property. ### Unique Metrics As a Community Development Financial Institution (CDFI), Ponce Financial Group, Inc. has received over $5 million in federal grants. As of Q2 2025, it ranked 5th in housing focus in DLI-HMDA and 6th in total loans among the top 20 CDFI Banks. As a Minority Depository Institution (MDI), Ponce Bank ranked 3rd in total assets in New York and 22nd in total assets out of 156 MDIs as of Q3 2025. ### Outlook / Guidance Ponce Financial Group, Inc. expects to satisfy all necessary conditions to repurchase its Preferred Stock under the ECIP Purchase Option Agreement. The company has filed its Q2 2026 Quarterly Supplemental Report and believes it has met the necessary lending conditions for this repurchase. The repurchase of ECIP securities could occur as soon as Q3 2026, with a potential sale price as low as 6.73% under current guidelines, implying an impact of approximately $8.68 per share. ### Related Stocks - [PDLB.US](https://longbridge.com/en/quote/PDLB.US.md) ## Related News & Research - [Lument Finance (LFT) Q2 2026 Earnings Call Transcript](https://longbridge.com/en/news/296563323.md) - [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md) - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296518280.md) - [Corning sets Q3 2026 dividend at R$ 0.25 per unit](https://longbridge.com/en/news/296635714.md) - [Baker Hughes declares Q3 2026 dividend of R$ 0.81 per unit](https://longbridge.com/en/news/296392545.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**