Ponce Financial Group Inc ( (PDLB) ) has released its Q2 earnings. Here is a breakdown of the information Ponce Financial Group Inc presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Ponce Financial Group, Inc. is the holding company for Ponce Bank, a Minority Depository Institution and Community Development Financial Institution, primarily engaged in taking deposits and investing in mortgage loans, securities, and other financial products.
In the second quarter of 2025, Ponce Financial Group, Inc. reported a net income of $5.8 million available to common stockholders, maintaining a steady earnings per share of $0.25. This marks a significant improvement from the same period last year, where net income was $3.1 million. The company also declared dividends of $0.3 million on its preferred stock.
Key financial metrics for the quarter included a net interest income of $24.4 million, representing a 10.01% increase from the previous quarter and a 36.43% increase from the same quarter last year. The net interest margin improved to 3.27%, up from 2.98% in the prior quarter. Additionally, the company saw an increase in net loans receivable and deposits, reflecting a strong growth trajectory.
Looking forward, Ponce Financial Group, Inc. remains focused on executing its strategy of prudent growth and incremental profitability. The management is optimistic about maintaining its performance amidst economic uncertainties, supported by its strategic initiatives and commitment to community-focused lending.