---
title: "Ponce Financial Group, Inc. Reports Second Quarter 2026 Results | PDLB Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293924533.md"
description: "Ponce Financial Group reported Q2 2026 net income of $8.2 million ($0.35 diluted EPS), down slightly from Q1 but up significantly from Q2 2025. Net interest income rose 6.5% quarter-over-quarter to $30.1 million, with a net interest margin of 3.66%. For the first half of 2026, net income was $16.6 million, a 42% increase year-over-year. The company noted strong loan and deposit growth and stated it met conditions to repurchase preferred stock under its agreement with the U.S. Treasury."
datetime: "2026-07-27T03:26:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293924533.md)
  - [en](https://longbridge.com/en/news/293924533.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293924533.md)
generator: "portal-rs"
---

# Ponce Financial Group, Inc. Reports Second Quarter 2026 Results | PDLB Stock News

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NEW YORK, July 27, 2026 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the “Company”) (Nasdaq: PDLB), the holding company for Ponce Bank, National Association ("Ponce Bank" or the “Bank”), today announced results for the second quarter of 2026.

**Second Quarter 2026 Highlights (Compared to Prior Periods):**

-   Net income available to common stockholders was $8.2 million, or $0.35 per diluted share for the three months ended June 30, 2026, as compared to net income available to common stockholders of $8.3 million, or $0.36 per diluted share for the three months ended March 31, 2026 and net income available to common stockholders of $5.8 million, or $0.25 per diluted share for the three months ended June 30, 2025. Total net income for the three months ended June 30, 2026 was $8.5 million. The Company paid dividends of $0.3 million on its preferred stock during the three months ended June 30, 2026.
-   Included in the $8.2 million of net income available to common stockholders for the second quarter of 2026 results is $51.7 million in total interest and dividend income and $1.5 million in non-interest income, offset by $21.6 million in interest expense, $18.1 million in non-interest expense, $2.8 million in provision for income taxes, $2.1 million in provision for credit losses and $0.3 million in dividends on preferred shares.
-   Net interest income of $30.1 million for the second quarter of 2026 increased $1.8 million, or 6.50%, from the prior quarter and increased $5.6 million, or 23.07%, from the same quarter last year.
-   Net interest margin was 3.66% for the second quarter of 2026, versus 3.61% for the prior quarter and 3.27% for the same quarter last year.

**Six Months 2026 Highlights (Compared to 2025)**

-   Net income available to common stockholders was $16.6 million, or $0.71 per diluted share for the six months ended June 30, 2026, as compared to net income available to common stockholders of $11.5 million, or $0.50 per diluted share for the six months ended June 30, 2025. The Company paid dividends of $0.6 million on its preferred stock during each of the six months ended June 30, 2026 and June 30, 2025.
-   Net interest income for the six months ended June 30, 2026 was $58.3 million, an increase of $11.7 million, or 25.0%, compared to $46.6 million for the six months ended June 30, 2025.
-   Non-interest income for six months ended June 30, 2026 was $3.6 million, a decrease of $0.9 million, or 19.6%, from $4.4 million for the six months ended June 30, 2025.
-   Non-interest expense for the six months ended June 30, 2026 was $35.4 million, an increase of $1.6 million, or 4.8%, compared to $33.8 million for the six months ended June 30, 2025.
-   Cash and equivalents were $140.0 million as of June 30, 2026, an increase of $13.9 million, or 10.98%, from $126.2 million as of December 31, 2025.
-   Securities totaled $338.4 million as of June 30, 2026, a decrease of $26.8 million, or 7.34%, from $365.2 million as of December 31, 2025 primarily due to regular principal payments and the maturity of one available-for-sale security in the amount of $3.0 million.
-   Net loans receivable were $2.88 billion as of June 30, 2026, an increase of $280.5 million, or 10.79%, from $2.60 billion as of December 31, 2025.
-   Deposits were $2.27 billion as of June 30, 2026, an increase of $225.2 million, or 11.00%, from $2.05 billion as of December 31, 2025.

**President and Chief Executive Officer’s Comments**

Carlos P. Naudon, Ponce Financial Group, Inc.’s President and CEO, stated “The consistent execution of our strategy continues to produce strong growth and financial results. Our diluted earnings per share of $0.71 year to date are up 42% versus the same period last year and our book value per share of $13.89 is up $1.55 or 13% over the same period. Net interest margin is up 5 basis points versus last quarter and 39 basis points versus the same quarter last year. Our capital ratios continue to be well in excess of regulatory requirements. We remain committed to the communities we serve, and we’ll continue investing in our people and in technology to improve our efficiency.” 

**Executive Chairman’s Comment**

Steven A. Tsavaris, Ponce Financial Group’s Executive Chairman added “We’re pleased with our strong loan and deposit growth this quarter. We’ve filed our 2nd quarter of 2026 QSR (Quarterly Supplemental Report) and believe we have met the necessary lending conditions to repurchase our Preferred Stock under the terms of the ECIP Purchase Option Agreement that we previously entered into with the U.S. Department of the Treasury in late 2024. We are excited about this milestone and the possibilities that the repurchase regulatory process will bring to the Company.” 

**ECIP**

The consummation of any such repurchase of our Preferred Stock is subject to the satisfaction of additional conditions, including satisfying certain eligibility criteria. Although the Company currently expects that it will satisfy all other necessary conditions, there can be no assurance if and when such repurchase will be consummated with Treasury. 

The table below indicates the Key Metrics at or for the three months ended:

**At or for the Three Months Ended**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

**Performance Ratios:**

Return on average assets(1)

1.00

%

1.07

%

1.26

%

0.82

%

0.79

%

Return on common equity(1)

9.81

%

10.37

%

12.50

%

8.10

%

7.88

%

Net interest margin(1) (2)

3.66

%

3.61

%

3.57

%

3.30

%

3.27

%

Non-interest expense to average assets(1)

2.14

%

2.14

%

2.06

%

2.10

%

2.18

%

Efficiency ratio(3)

57.41

%

56.96

%

52.95

%

62.15

%

63.69

%

**Capital Ratios:**

Total capital to risk-weighted assets (Ponce Financial Group)

20.00

%

21.23

%

23.00

%

24.08

%

22.65

%

Common equity Tier 1 capital to risk-weighted assets (Ponce Financial Group)

11.51

%

12.11

%

12.98

%

13.39

%

12.49

%

Tier 1 capital to total assets (Ponce Financial Group)

16.85

%

17.22

%

17.27

%

17.33

%

17.13

%

Total capital to risk-weighted assets (Bank only)

18.88

%

20.00

%

21.63

%

21.79

%

21.22

%

Common equity Tier 1 capital to risk-weighted assets (Bank only)

17.87

%

18.97

%

20.53

%

20.66

%

20.15

%

Tier 1 capital to total assets (Bank only)

15.81

%

16.09

%

16.12

%

16.08

%

15.99

%

**Asset Quality Ratios:**

Allowance for credit losses on loans as a percentage of total loans

0.95

%

0.96

%

0.97

%

0.98

%

0.97

%

Allowance for credit losses on loans as a percentage of nonperforming loans

116.91

%

128.93

%

94.74

%

88.88

%

101.01

%

Net (charge-offs) recoveries to average outstanding loans(1)

(0.05

%)

(0.08

%)

(0.13

%)

(0.03

%)

(0.04

%)

Non-performing loans as a percentage of total assets

0.67

%

0.62

%

0.83

%

0.88

%

0.76

%

**Other:**

Number of offices

17

17

17

18

17

Number of full-time equivalent employees

229

218

216

209

206

(1) Annualized.  
(2) Net interest margin represents net interest income divided by average total interest-earning assets.  
(3) Efficiency ratio represents noninterest expense divided by the sum of net interest income and noninterest income.  

**Summary of Results of Operations**

Net income for the three months ended June 30, 2026 was $8.5 million compared to net income of $8.6 million for the three months ended March 31, 2026 and net income of $6.1 million for the three months ended June 30, 2025.

The $0.1 million decrease of net income for the three months ended June 30, 2026 compared to the three months ended March 31, 2026 was attributed mainly to an increase of $0.9 million non-interest expense, a decrease of $0.5 million in non-interest income and an increase of $0.5 million in provision for credit losses, offset by an increase of $1.8 million in net interest income.

The $2.4 million increase of net income for the three months ended June 30, 2026 compared to the three months ended June 30, 2025 was largely due to an increase of $5.6 million in net interest income, offset by increases of $1.3 million in non-interest expense, $0.9 million in provision for income taxes and $0.5 million in provision for credit losses and a decrease of $0.5 million in non-interest income recognized in the second quarter of 2025.

Net income for the six months ended June 30, 2026 was $17.1 million compared to net income of $12.1 million for the six months ended June 30, 2025. The $5.1 million increase in net income was attributed mainly to an increase of $11.7 million in net interest income, offset by increases of $2.5 million in provision for credit losses, $1.6 million in non-interest expense, $1.6 million in provision for income taxes and a decrease of $0.9 million in non-interest income.

**Net Interest Income and Net Interest Margin**

Net interest income for the three months ended June 30, 2026, increased $1.8 million, or 6.50%, to $30.1 million compared to $28.2 million for the three months ended March 31, 2026 and increased $5.6 million, or 23.07%, compared to $24.4 million for the three months ended June 30, 2025.

The $1.8 million increase in net interest income from the three months ended March 31, 2026 was attributable to an increase of $3.0 million in total interest and dividend income, offset by an increase of $1.2 million in total interest expense. The $5.6 million increase in net interest income from the three months ended June 30, 2025 was attributable to an increase of $5.8 million in total interest and dividend income, offset by an increase of $0.2 million in total interest expense.

Net interest income for the six months ended June 30, 2026, increased $11.7 million, or 25.00%, to $58.3 million compared to $46.6 million for the six months ended June 30, 2025. The $11.7 million increase in net interest income from the six months ended June 30, 2025 was attributable to an increase of $10.5 million in total interest and dividend income and a decrease of $1.2 million in total interest expense.

Net interest margin was 3.66% for the three months ended June 30, 2026 compared to 3.61% for the prior quarter, an increase of 5bps and 3.27% for the same period last year, an increase of 39bps.

Net interest margin was 3.64% for the six months ended June 30, 2026 compared to 3.12% for the six months ended June 30, 2025, an increase of 52bps.

**Non-interest Income**

Non-interest income for the three months ended June 30, 2026, was $1.5 million, a decrease of $0.5 million, or 25.22%, compared to $2.0 million for the three months ended March 31, 2026, and a decrease of $0.5 million, or 25.87%, compared to the three months ended June 30, 2025.

The $0.5 million decrease in non-interest income from the three months ended March 31, 2026 was largely attributable to a decrease of $0.6 million in late and prepayment charges.

The $0.5 million decrease in non-interest income from the three months ended June 30, 2025 was largely attributable to decreases of $0.4 million in late and prepayment charges and $0.4 million in grant income recognized in the second quarter of 2025, offset by an increase of $0.2 million in other non-interest income.

Non-interest income for the six months ended June 30, 2026, was $3.6 million, a decrease of $0.9 million, or 19.64%, compared to $4.4 million for the six months ended June 30, 2025. The $0.9 million decrease in non-interest income from the six months ended June 30, 2025 was largely attributable to decreases of $0.4 million in late and prepayment charges, $0.4 million in income on sale of SBA loans and $0.4 million in grant income recognized in the second quarter of 2025, offset by increases on $0.3 million in other non-interest income and $0.1 million in service charges and fees.

**Non-interest Expense**

Non-interest expense for the three months ended June 30, 2026 was $18.1 million, an increase of $0.9 million, or 5.19%, compared to $17.2 million for the three months ended March 31, 2026 and an increase of $1.3 million, or 7.50%, compared to $16.9 million for the three months ended June 30, 2025.

The $0.9 million increase in non-interest expense from the three months ended March 31, 2026 was mainly attributable to increases of $0.4 million in compensation and benefits, $0.2 million in occupancy and equipment, $0.2 million in other non-interest expenses and $0.1 million in professional fees.

The $1.3 million increase in non-interest expense from the three months ended June 30, 2025 was mainly attributable to an increase of $1.4 million in compensation and benefits, partially offset by a decrease of $0.1 million in federal deposit insurance and regulatory assessment.

Non-interest expense for the six months ended June 30, 2026 was $35.4 million, an increase of $1.6 million, or 4.79%, compared to $33.8 million for the six months ended June 30, 2025. The $1.6 million increase in non-interest expense from the six months ended June 30, 2025 was mainly attributable to an increase of $2.3 million in compensation and benefits, partially offset by decreases of $0.3 million in direct loan expenses, $0.2 million in occupancy and equipment, $0.2 million in other non-interest expenses and $0.2 million in federal deposit insurance and regulatory assessment.

**Credit Quality:**

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.

During the three months ended June 30, 2026, a credit loss provision of $2.1 million on loans was recorded, consisting of $1.7 million charged on the funded portion and $0.4 million charged on the unfunded portion on loans. During the three months ended March 31, 2026, a credit loss provision of $1.7 million on loans was recorded, consisting of $1.3 million charged on the funded portion and $0.4 million charged on the unfunded portion on loans. During the three months ended June 30, 2025, a credit loss provision of $1.6 million on loans was recorded, consisting of $1.3 million charged on the funded portion on loans and $0.3 million charged on the unfunded portion on loans.

During the six months ended June 30, 2026, a credit loss provision of $3.8 million on loans was recorded, consisting of $3.0 million charged on the funded portion and $0.8 million charged on the unfunded portion on loans. During the six months ended June 30, 2025, a credit loss provision of $1.3 million on loans was recorded, consisting of $2.0 million charged on the funded portion on loans and a $0.7 million benefit on the unfunded portion on loans.

**Balance Sheet Summary**

Total assets increased $270.7 million, or 8.40%, to $3.49 billion as of June 30, 2026 from $3.22 billion as of December 31, 2025. The increase in total assets is largely attributable to increases of $280.5 million in net loans receivable, $13.9 million in cash and cash equivalents, $2.0 million in accrued interest receivable, $1.5 million in deferred tax assets, $1.4 million in Federal Home Loan Bank of New York stock and $0.1 million in other assets, partially offset by decreases of $19.4 million in held-to-maturity securities, $7.4 million in available-for-sale securities, $1.0 million in premises and equipment, net, $0.5 million in right of use assets and $0.3 million in mortgage loans held for sale, at fair value.

Total liabilities increased $251.3 million, or 9.37%, to $2.93 billion as of June 30, 2026 from $2.68 billion as of December 31, 2025. The increase in total liabilities was largely attributable to increases of $225.2 million in deposits, $25.0 million in borrowings and $1.6 million in other liabilities, partially offset by a decrease of $0.5 million in operating lease liabilities.

Total stockholders’ equity increased $19.4 million, or 3.59%, to $561.0 million as of June 30, 2026, from $541.5 million as of December 31, 2025. The $19.4 million increase in stockholders’ equity was largely attributable to $17.1 million in net income, $0.2 million from exercise of stock options, $1.3 million impact to additional paid in capital as a result of share-based compensation, $1.2 million from release of ESOP shares, and $0.1 million in other comprehensive income, offset by $0.6 million related to the dividend paid on preferred shares during the six months ended June 30, 2026.

**About Ponce Financial Group, Inc.** 

Ponce Financial Group, Inc. is the holding company for Ponce Bank, N.A. Ponce Bank, N.A. is a Minority Depository Institution, a Community Development Financial Institution, and a certified Small Business Administration lender. Ponce Bank, N.A.’s business primarily consists of taking deposits from the general public and to a lesser extent alternative funding sources and investing those funds, together with funds generated from operations and borrowings, in mortgage loans, consisting of 1-4 family residences (investor-owned and owner-occupied), multifamily residences, nonresidential properties, construction and land, and, to a lesser extent, in business and consumer loans. Ponce Bank. N.A. also invests in securities, which consist of U.S. Government and federal agency securities and securities issued by government-sponsored or government-owned enterprises, as well as, mortgage-backed securities, corporate bonds and obligations, Federal Home Loan Bank stock and Federal Reserve Bank stock.

**Forward Looking Statements**

Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “would,” “expects,” “project,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, adverse conditions in the capital and debt markets and the impact of such conditions on business activities; changes in interest rates; competitive pressures from other financial institutions; the effects of general economic conditions on a national basis or in the local markets in which Ponce Bank, N.A. operates, including changes that adversely affect borrowers’ ability to service and repay Ponce Bank, N.A.’s loans; changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, and their related impacts on the economy; changes in the global economy, including negative changes that may arise from armed conflict and geopolitical instability; changes in the value of securities in the investment portfolio; changes in loan default and charge-off rates; fluctuations in real estate values; the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; changes in government regulation; changes in accounting standards and practices; the risk that intangibles recorded in the financial statements will become impaired; demand for loans in Ponce Bank, N.A.’s market area; Ponce Bank, N.A.’s ability to attract and maintain deposits; risks related to the implementation of acquisitions, dispositions, and restructurings; the risk that Ponce Financial Group, Inc. may not be successful in the implementation of its business strategy; changes in assumptions used in making such forward-looking statements and the risk factors described in Ponce Financial Group, Inc.’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website, www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Ponce Financial Group, Inc. disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as may be required by applicable law or regulation.

**Ponce Financial Group, Inc.and Subsidiaries**  
**Consolidated Statements of Financial Condition**  
**(Dollars in thousands, except for share data)**

**As of**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

**ASSETS**

Cash and due from banks:

Cash

$

25,567

$

27,429

$

28,511

$

29,296

$

35,767

Interest-bearing deposits

114,443

89,817

97,643

117,283

90,872

Total cash and cash equivalents

140,010

117,246

126,154

146,579

126,639

Available-for-sale securities, at fair value

84,774

87,150

92,196

94,822

96,562

Held-to-maturity securities, at amortized cost

253,616

263,514

272,982

285,125

336,879

Placement with banks

249

249

249

249

249

Mortgage loans held for sale, at fair value

3,050

2,127

3,388

5,794

5,703

Loans receivable, net

2,879,740

2,698,649

2,599,258

2,490,046

2,458,712

Accrued interest receivable

19,939

19,274

17,905

18,903

19,126

Premises and equipment, net

14,645

15,159

15,638

16,129

16,067

Right of use assets

27,055

27,633

27,583

28,295

28,806

Federal Home Loan Bank of New York stock (FHLBNY), at cost

30,689

28,180

29,309

25,945

26,620

Federal Reserve Bank of New York stock (FRBNY), at cost

10,714

10,706

10,698

—

—

Deferred tax assets

12,979

11,729

11,501

12,402

12,143

Other assets

17,251

19,141

17,109

32,790

26,363

**Total assets**

$

3,494,711

$

3,300,757

$

3,223,970

$

3,157,079

$

3,153,869

**LIABILITIES AND STOCKHOLDERS' EQUITY**

Liabilities:

Deposits

$

2,271,809

$

2,133,795

$

2,046,635

$

2,063,081

$

2,053,151

Borrowings

621,100

571,100

596,100

521,100

536,100

Operating lease liabilities

28,874

29,429

29,353

30,028

30,501

Accrued interest payable

3,837

4,338

3,788

4,372

4,161

Other liabilities

8,121

10,732

6,545

8,663

8,868

**Total liabilities**

2,933,741

2,749,394

2,682,421

2,627,244

2,632,781

Commitments and contingencies

Stockholders' Equity:

Preferred stock, $0.01 par value; 100,000,000 shares authorized

225,000

225,000

225,000

225,000

225,000

Common stock, $0.01 par value; 200,000,000 shares authorized

249

249

249

249

249

Treasury stock, at cost

(5,738

)

(5,738

)

(6,164

)

(7,270

)

(7,404

)

Additional paid-in-capital

210,339

209,219

208,604

208,909

208,275

Retained earnings

151,887

143,674

135,332

125,477

119,250

Accumulated other comprehensive loss

(10,698

)

(10,680

)

(10,820

)

(11,586

)

(13,047

)

Unearned compensation ─ ESOP

(10,069

)

(10,361

)

(10,652

)

(10,944

)

(11,235

)

**Total stockholders' equity**

560,970

551,363

541,549

529,835

521,088

**Total liabilities and stockholders' equity**

$

3,494,711

$

3,300,757

$

3,223,970

$

3,157,079

$

3,153,869

**Ponce Financial Group, Inc. and Subsidiaries**  
**Consolidated Statements of Operations**  
**(Dollars in thousands, except per share data)**

**Three Months Ended**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

Interest and dividend income:

Interest on loans receivable

$

46,835

$

43,982

$

43,599

$

41,486

$

40,291

Interest on deposits due from banks

954

770

1,209

978

807

Interest and dividend on securities and FHLBNY stock

3,863

3,910

4,013

4,383

4,762

**Total interest and dividend income**

51,652

48,662

48,821

46,847

45,860

Interest expense:

Interest on certificates of deposit

6,785

6,415

6,706

6,553

7,382

Interest on other deposits

9,544

8,630

9,106

9,996

9,058

Interest on borrowings

5,262

5,391

5,075

5,050

4,994

**Total interest expense**

21,591

20,436

20,887

21,599

21,434

**Net interest income**

30,061

28,226

27,934

25,248

24,426

Provision for credit losses

2,148

1,656

1,078

1,364

1,626

**Net interest income after provision for credit losses**

27,913

26,570

26,856

23,884

22,800

Non-interest income:

Service charges and fees

600

539

542

539

511

Brokerage commissions

—

—

23

8

—

Late and prepayment charges

138

726

1,173

385

530

Income on sale of mortgage loans

161

120

139

166

169

Grant income

—

—

428

429

428

Other

628

657

1,174

(35

)

422

**Total non-interest income**

1,527

2,042

3,479

1,492

2,060

Non-interest expense:

Compensation and benefits

9,070

8,663

8,113

7,868

7,627

Occupancy and equipment

3,901

3,672

4,033

3,934

3,907

Data processing expenses

1,195

1,219

1,223

1,296

1,188

Direct loan expenses

187

121

116

155

241

Insurance and surety bond premiums

332

333

324

318

297

Office supplies, telephone and postage

152

193

186

170

174

Professional fees

1,470

1,346

1,392

1,409

1,367

Marketing and promotional expenses

190

228

94

184

266

Federal deposit insurance and regulatory assessment

408

409

97

266

546

Other operating expenses

1,230

1,056

1,056

1,018

1,256

**Total non-interest expense**

18,135

17,240

16,634

16,618

16,869

**Income before income taxes**

11,305

11,372

13,701

8,758

7,991

Provision for income taxes

2,810

2,749

3,565

2,250

1,891

**Net income**

$

8,495

$

8,623

$

10,136

$

6,508

$

6,100

Dividends on preferred shares

282

281

281

281

282

**Net income available to common stockholders**

$

8,213

$

8,342

$

9,855

$

6,227

$

5,818

Earnings per common share:

Basic

$

0.36

$

0.36

$

0.43

$

0.27

$

0.26

Diluted

$

0.35

$

0.36

$

0.42

$

0.27

$

0.25

Weighted average common shares outstanding:

Basic

23,053,460

22,988,317

22,837,044

22,766,195

22,716,615

Diluted

23,508,153

23,331,314

23,263,708

23,135,448

22,947,769

**Ponce Financial Group, Inc. and Subsidiaries**  
**Consolidated Statements of Operations**  
**(Dollars in thousands, except per share data)**

**For the Six Months Ended June 30,**

**2026**

**2025**

**Variance $**

**Variance %**

Interest and dividend income:

Interest on loans receivable

$

90,817

$

77,427

$

13,390

17.29

%

Interest on deposits due from banks

1,724

2,475

(751

)

(30.34

%)

Interest and dividend on securities and FHLBNY stock

7,773

9,955

(2,182

)

(21.92

%)

**Total interest and dividend income**

100,314

89,857

10,457

11.64

%

Interest expense:

Interest on certificates of deposit

13,200

15,136

(1,936

)

(12.79

%)

Interest on other deposits

18,174

17,612

562

3.19

%

Interest on borrowings

10,653

10,480

173

1.65

%

**Total interest expense**

42,027

43,228

(1,201

)

(2.78

%)

**Net interest income**

58,287

46,629

11,658

25.00

%

Provision for credit losses

3,804

1,341

2,463

183.67

%

**Net interest income after provision for credit losses**

54,483

45,288

9,195

20.30

%

Non-interest income:

Service charges and fees

1,139

1,036

103

9.94

%

Brokerage commissions

—

4

(4

)

(100.00

%)

Late and prepayment charges

864

1,227

(363

)

(29.58

%)

Income on sale of mortgage loans

281

317

(36

)

(11.36

%)

Income on sale of SBA loans

—

404

(404

)

(100.00

%)

Grant income

—

428

(428

)

(100.00

%)

Other

1,285

1,025

260

25.37

%

**Total non-interest income**

3,569

4,441

(872

)

(19.64

%)

Non-interest expense:

Compensation and benefits

17,733

15,407

2,326

15.10

%

Occupancy and equipment

7,573

7,820

(247

)

(3.16

%)

Data processing expenses

2,414

2,340

74

3.16

%

Direct loan expenses

308

629

(321

)

(51.03

%)

Insurance and surety bond premiums

665

612

53

8.66

%

Office supplies, telephone and postage

345

344

1

0.29

%

Professional fees

2,816

2,731

85

3.11

%

Marketing and promotional expenses

418

349

69

19.77

%

Federal deposit insurance and regulatory assessments

817

1,007

(190

)

(18.87

%)

Other operating expenses

2,286

2,518

(232

)

(9.21

%)

**Total non-interest expense**

35,375

33,757

1,618

4.79

%

**Income before income taxes**

22,677

15,972

6,705

41.98

%

Provision for income taxes

5,559

3,913

1,646

42.06

%

**Net income**

$

17,118

$

12,059

$

5,059

41.95

%

Dividends on preferred shares

563

563

—

0.00

%

**Net income available to common stockholders**

$

16,555

$

11,496

$

5,059

44.01

%

Earnings per common share:

Basic

$

0.72

$

0.51

$

0.21

41.18

%

Diluted

$

0.71

$

0.50

$

0.21

42.00

%

**Weighted average common shares outstanding:**

Basic

23,021,069

22,689,914

331,155

1.46

%

Diluted

23,419,915

22,920,841

499,074

2.18

%

**Ponce Financial Group, Inc. and Subsidiaries**  
**Loans Receivable excluding Mortgage Loans Held for Sale**

**As of**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

**Amount**

**Percent**

**Amount**

**Percent**

**Amount**

**Percent**

**Amount**

**Percent**

**Amount**

**Percent**

**(Dollars in thousands)**

Mortgage loans:

1-4 family residential

$

426,343

14.65

%

$

431,377

15.82

%

$

434,374

16.54

%

$

444,602

17.67

%

$

452,350

18.21

%

Multifamily residential

1,057,612

36.35

%

915,333

33.58

%

756,542

28.83

%

688,574

27.39

%

693,670

27.96

%

Nonresidential properties

535,521

18.41

%

534,256

19.60

%

526,210

20.05

%

436,175

17.35

%

404,512

16.30

%

Construction and land

817,151

28.08

%

763,990

28.03

%

854,096

32.54

%

886,369

35.25

%

883,462

35.59

%

Total mortgage loans

2,836,627

97.49

%

2,644,956

97.03

%

2,571,222

97.96

%

2,455,720

97.66

%

2,433,994

98.06

%

Non-mortgage loans:

Business loans

72,438

2.49

%

80,366

2.95

%

53,063

2.02

%

58,012

2.31

%

47,372

1.91

%

Consumer loans

577

0.02

%

596

0.02

%

625

0.02

%

727

0.03

%

840

0.03

%

Total non-mortgage loans

73,015

2.51

%

80,962

2.97

%

53,688

2.04

%

58,739

2.34

%

48,212

1.94

%

Total loans, gross

2,909,642

100.00

%

2,725,918

100.00

%

2,624,910

100.00

%

2,514,459

100.00

%

2,482,206

100.00

%

Net deferred loan origination (fees) costs

(2,348

)

(1,031

)

(203

)

351

606

Allowance for credit losses on loans

(27,554

)

(26,238

)

(25,449

)

(24,764

)

(24,100

)

Loans, net

$

2,879,740

$

2,698,649

$

2,599,258

$

2,490,046

$

2,458,712

**Ponce Financial Group, Inc. and Subsidiaries**  
**Allowance for Credit Losses on Loans** 

**For the Three Months Ended**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

**(Dollars in thousands)**

Allowance for credit losses on loans at beginning of the period

$

26,238

$

25,449

$

24,764

$

24,100

$

22,974

Provision for credit losses on loans

1,669

1,293

1,526

864

1,348

Charge-offs:

Mortgage loans:

1-4 family residential

—

—

(32

)

—

—

Non-mortgage loans:

Business

(354

)

(504

)

(801

)

(200

)

(222

)

Consumer

—

—

(44

)

—

—

Total charge-offs

(354

)

(504

)

(877

)

(200

)

(222

)

Recoveries:

Mortgage loans:

1-4 family residential

1

—

1

—

—

Non-mortgage loans:

Business

—

—

35

—

—

Total recoveries

1

—

36

—

—

Net (charge-offs) recoveries

(353

)

(504

)

(841

)

(200

)

(222

)

Allowance for credit losses on loans at end of the period

$

27,554

$

26,238

$

25,449

$

24,764

$

24,100

**Ponce Financial Group, Inc. and Subsidiaries**  
**Deposits**

**As of**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

**Amount**

**Percent**

**Amount**

**Percent**

**Amount**

**Percent**

**Amount**

**Percent**

**Amount**

**Percent**

**(Dollars in thousands)**

Demand

$

251,919

11.10

%

$

241,012

11.29

%

$

208,250

10.18

%

$

192,595

9.34

%

$

197,671

9.63

%

Interest-bearing deposits:

NOW/IOLA accounts

71,987

3.17

%

78,192

3.66

%

84,012

4.10

%

75,051

3.64

%

63,626

3.10

%

Money market accounts (1)

929,002

40.89

%

811,982

38.05

%

779,532

38.09

%

821,844

39.84

%

790,939

38.52

%

Reciprocal deposits

164,883

7.26

%

162,926

7.64

%

152,630

7.46

%

154,548

7.49

%

136,693

6.66

%

Savings accounts (2)

115,233

5.07

%

118,373

5.55

%

117,708

5.75

%

117,401

5.69

%

113,701

5.53

%

**Total NOW, money market, reciprocal and savings accounts**

1,281,105

56.39

%

1,171,473

54.90

%

1,133,882

55.40

%

1,168,844

56.66

%

1,104,959

53.81

%

Certificates of deposit of $250K or more

194,462

8.56

%

258,093

12.10

%

202,500

9.89

%

209,819

10.17

%

220,671

10.75

%

Brokered certificates of deposit (3)

94,557

4.16

%

54,553

2.56

%

67,942

3.32

%

67,952

3.29

%

69,531

3.39

%

Listing service deposits (3)

994

0.04

%

1,243

0.06

%

4,150

0.20

%

4,150

0.20

%

6,140

0.30

%

All other certificates of deposit less than $250K

448,772

19.75

%

407,421

19.09

%

429,911

21.01

%

419,721

20.34

%

454,179

22.12

%

**Total certificates of deposit**

738,785

32.51

%

721,310

33.81

%

704,503

34.42

%

701,642

34.00

%

750,521

36.56

%

Total interest-bearing deposits

2,019,890

88.90

%

1,892,783

88.71

%

1,838,385

89.82

%

1,870,486

90.66

%

1,855,480

90.37

%

**Total deposits**

$

2,271,809

100.00

%

$

2,133,795

100.00

%

$

2,046,635

100.00

%

$

2,063,081

100.00

%

$

2,053,151

100.00

%

(1) At June 30, 2026, there was $50.2 million in brokered deposits. At March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025, there were $0.3 million each in brokered deposits.

(2) As of June 30, 2025, Advance payments by borrowers for taxes and insurance in the amounts of $10.9 million were reclassified to Deposits.

(3) At June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025. there were no individual listing service deposits amounting to $250,000 or more. At June 30, 2025, there was $1.5 million in individual listing service deposits amounting to $250,000 or more. All other brokered certificates of deposit individually amounted to less than $250,000.  

**Ponce Financial Group, Inc. and Subsidiaries**  
**Nonperforming Assets**

**As of**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

**(Dollars in thousands)**

**Non-accrual loans:**

Mortgage loans:

1-4 family residential

$

5,843

$

3,158

$

4,427

$

3,176

$

1,859

Multifamily residential

12,133

9,228

13,112

14,202

11,703

Nonresidential properties

—

—

—

—

405

Construction and land

5,040

7,061

8,247

8,907

8,907

Non-mortgage loans:

Business

77

427

667

880

276

Consumer

—

—

—

—

—

Total non-accrual loans (not including non-accruing modifications to borrowers experiencing financial difficulty) (1)

$

23,093

$

19,874

$

26,453

$

27,165

$

23,150

**Non-accruing modifications to borrowers experiencing financial difficulty** **(1)****:**

Mortgage loans:

1-4 family residential

475

477

410

698

708

Total non-accruing modifications to borrowers experiencing financial difficulty (1)

475

477

410

698

708

Total non-performing assets(2)

$

23,568

$

20,351

$

26,863

$

27,863

$

23,858

**Accruing modifications to borrowers experiencing financial difficulty** **(1)****:**

Mortgage loans:

1-4 family residential

2,456

2,481

2,574

3,725

3,791

Multifamily residential

—

—

—

—

—

Nonresidential properties

618

613

621

629

655

Construction and land

—

—

—

—

—

Non-mortgage loans:

Business

175

185

190

196

203

Consumer

—

—

—

—

—

Total accruing modifications to borrowers experiencing financial difficulty (1)

$

3,249

$

3,279

$

3,385

$

4,550

$

4,649

Total non-performing assets and accruing modifications to borrowers experiencing financial difficulty (1)

$

26,817

$

23,630

$

30,248

$

32,413

$

28,507

Total non-performing assets to total assets

0.67

%

0.62

%

0.83

%

0.88

%

0.76

%

(1) Balances include both modifications to borrowers experiencing financial difficulty, in accordance with ASU 2022-02 adopted on January 1, 2023, and previously existing troubled debt restructurings.

(2) Includes nonperforming mortgage loans held for sale.  

**Ponce Financial Group, Inc. and Subsidiaries**  
**Average Balance Sheets**

**For the Three Months Ended June 30,**

**2026**

**2025**

**Average**

**Average**

**Outstanding**

**Average**

**Outstanding**

**Average**

**Balance**

**Interest**

**Yield/Rate****(1)**

**Balance**

**Interest**

**Yield/Rate****(1)**

**(Dollars in thousands)**

**Interest-earning assets:**

Loans (2)

$

2,801,281

$

46,835

6.71

%

$

2,447,713

$

40,291

6.60

%

Securities (3)

345,599

3,160

3.67

%

449,858

4,246

3.79

%

Other (4)

146,919

1,657

4.52

%

102,252

1,323

5.19

%

Total interest-earning assets

3,293,799

51,652

6.29

%

2,999,823

45,860

6.13

%

Non-interest-earning assets

98,497

104,059

Total assets

$

3,392,296

$

3,103,882

**Interest-bearing liabilities:**

NOW/IOLA

$

75,589

$

118

0.63

%

$

68,155

$

100

0.59

%

Money market

1,028,044

9,398

3.67

%

864,688

8,930

4.14

%

Savings (5)

120,801

28

0.09

%

119,177

28

0.10

%

Certificates of deposit

744,298

6,785

3.66

%

772,363

7,382

3.83

%

Total deposits

1,968,732

16,329

3.33

%

1,824,383

16,440

3.61

%

Borrowings

575,496

5,262

3.67

%

521,375

4,994

3.84

%

Total interest-bearing liabilities

2,544,228

21,591

3.40

%

2,345,758

21,434

3.66

%

**Non-interest-bearing liabilities:**

Non-interest-bearing demand

244,483

—

203,349

—

Other non-interest-bearing liabilities

45,560

—

36,435

—

Total non-interest-bearing liabilities

290,043

—

239,784

—

Total liabilities

2,834,271

21,591

2,585,542

21,434

Total equity

558,025

518,340

Total liabilities and total equity

$

3,392,296

3.40

%

$

3,103,882

3.66

%

Net interest income

$

30,061

$

24,426

Net interest rate spread (6)

2.89

%

2.47

%

Net interest-earning assets (7)

$

749,571

$

654,065

Net interest margin (8)

3.66

%

3.27

%

Average interest-earning assets to interest-bearing liabilities

129.46

%

127.88

%

(1) Annualized where appropriate.  
(2) Loans include loans and mortgage loans held for sale, at fair value.  
(3) Securities include available-for-sale securities and held-to-maturity securities.  
(4) Includes FHLBNY demand account, FHLBNY stock dividends and FRBNY demand deposits.  
(5) For the three months ended June 30, 2025, Advance payments by borrowers for taxes and insurance in the amount of $14.9 million, were reclassified to Savings.  
(6) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of interest-bearing liabilities.  
(7) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.  
(8) Net interest margin represents net interest income divided by average total interest-earning assets.

**Ponce Financial Group, Inc. and Subsidiaries**  
**Average Balance Sheets**

**For the Six Months Ended June 30,**

**2026**

**2025**

**Average**

**Average**

**Outstanding**

**Average**

**Outstanding**

**Average**

**Balance**

**Interest**

**Yield/Rate****(1)**

**Balance**

**Interest**

**Yield/Rate****(1)**

**(Dollars in thousands)**

**Interest-earning assets:**

Loans (2)

$

2,740,985

$

90,817

6.68

%

$

2,408,788

$

77,427

6.48

%

Securities (3)

352,985

6,407

3.66

%

458,660

8,767

3.85

%

Other (4)

138,299

3,090

4.51

%

143,905

3,663

5.13

%

Total interest-earning assets

3,232,269

100,314

6.26

%

3,011,353

89,857

6.02

%

Non-interest-earning assets

95,873

106,600

Total assets

$

3,328,142

$

3,117,953

**Interest-bearing liabilities:**

NOW/IOLA

$

76,705

$

252

0.66

%

$

70,243

$

215

0.62

%

Money market

988,744

17,866

3.64

%

846,420

17,341

4.13

%

Savings (5)

120,505

56

0.09

%

118,400

56

0.10

%

Certificates of deposit

731,371

13,200

3.64

%

783,256

15,136

3.90

%

Total deposits

1,917,325

31,374

3.30

%

1,818,319

32,748

3.63

%

Borrowings

579,774

10,653

3.71

%

544,857

10,480

3.88

%

Total interest-bearing liabilities

2,497,099

42,027

3.39

%

2,363,176

43,228

3.69

%

**Non-interest-bearing liabilities:**

Non-interest-bearing demand

232,834

—

200,007

—

Other non-interest-bearing liabilities

44,804

—

40,155

—

Total non-interest-bearing liabilities

277,638

—

240,162

—

Total liabilities

2,774,737

42,027

2,603,338

43,228

Total equity

553,405

514,615

Total liabilities and total equity

$

3,328,142

3.39

%

$

3,117,953

3.69

%

Net interest income

$

58,287

$

46,629

Net interest rate spread (6)

2.87

%

2.33

%

Net interest-earning assets (7)

$

735,170

$

648,177

Net interest margin (8)

3.64

%

3.12

%

Average interest-earning assets to

interest-bearing liabilities

129.44

%

127.43

%

(1) Annualized where appropriate.  
(2) Loans include loans and mortgage loans held for sale, at fair value.  
(3) Securities include available-for-sale securities and held-to-maturity securities.  
(4) Includes FHLBNY demand account, FHLBNY stock dividends and FRBNY demand deposits.  
(5) For the six months ended June 30, 2025, Advance payments by borrowers for taxes and insurance in the amount of $13.7 million, were reclassified to Savings.  
(6) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of interest-bearing liabilities.  
(7) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.  
(8) Net interest margin represents net interest income divided by average total interest-earning assets.

**Ponce Financial Group, Inc. and Subsidiaries**  
**Other Data**

**As of**

**June 30,**

**March 31,**

**December 31,**

**September 30,**

**June 30,**

**2026**

**2026**

**2025**

**2025**

**2025**

**Other Data**

Common shares issued

24,886,711

24,886,711

24,886,711

24,886,711

24,886,711

Less treasury shares

698,810

698,810

750,785

885,586

901,911

Common shares outstanding at end of period

24,187,901

24,187,901

24,135,926

24,001,125

23,984,800

Book value per common share

$

13.89

$

13.49

$

13.12

$

12.70

$

12.34

Tangible book value per common share (1)

$

13.89

$

13.49

$

13.12

$

12.70

$

12.34

(1) Tangible book value per common share is a non-GAAP financial measure and is calculated by dividing tangible common equity by common shares outstanding. Tangible common equity is defined as total shareholders’ equity less goodwill and other intangible assets, net of applicable deferred taxes. The Company believes that tangible book value per common share is a useful measure for investors, regulators, and analysts because it reflects the Company’s capital position excluding the impact of goodwill and other intangible assets, which may not be realizable in a liquidation scenario. This measure is commonly used in the banking industry to assess financial condition and capital adequacy. Tangible book value per common share should not be considered a substitute for book value per common share, which is calculated in accordance with GAAP, and the Company’s definition of tangible book value per common share may differ from similarly titled measures used by other companies. During the periods presented, the Company did not make any adjustments for goodwill and other intangible assets, so tangible book value per common share is equal to the book value per common share as calculated in accordance with GAAP.  

Contact:  
Sergio J. Vaccaro  
sergio.vaccaro@poncebank.net  
718-931-9000

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**