Earnings ·
Ponce Financial reports $0.76 Q3 EPS on $18M net income as NIM expands to 3.86%
PDLBPonce Financial Group, Inc.
Ponce Financial Group reported third-quarter 2026 net income available to common stockholders of $18.0 million, or $0.76 per diluted share, compared to $8.2 million, or $0.35 per diluted share, in the prior quarter. Net interest income rose 13% to $34.0 million, driving a net interest margin expansion to 3.86%. The results included an $8.7 million benefit from the release of a valuation allowance against deferred tax assets and a $0.9 million gain from investments in Oaktree and Silvergate funds. Total assets grew 14% to $3.69 billion, supported by an 18.5% increase in net loans receivable to $3.08 billion and a 15.7% rise in deposits to $2.37 billion. The company also confirmed it met the deep impact lending threshold required for the repurchase of its $225 million Emergency Capital Investment Program preferred stock from the U.S. Treasury. Ponce Financial Group operates as the holding company for Ponce Bank, a community bank focused on mortgage and commercial lending in New York.