Recent Updates — PDLB

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.

Ponce Financial Group reported second quarter 2026 net income available to common stockholders of $8.2 million, or $0.35 per diluted share, compared to $8.3 million or $0.36 per share in the prior quarter. Net interest income rose 6.5% to $30.1 million, while net interest margin increased to 3.66%. The company also announced it believes it has met the lending conditions to repurchase its $225 million in Preferred Stock from the U.S. Department of the Treasury under the ECIP Purchase Option Agreement, with a potential repurchase date as soon as 3Q 2026. Ponce Financial Group is a bank holding company that operates Ponce Bank, N.A., providing community-focused financial services.