10-K · March 13, 2026
Ponce Financial Group (PDLB) positions itself as an immigrant/community‑focused, minority‑directed bank (MDI/CDFI) targeting New York metro lending and deposit markets while pursuing ECIP repurchase qualification and…
Earnings analysis · 10-Q
PDLB earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Ponce Financial Group reported strong results for Q1 2026 with net income growing to $8.34 million and diluted EPS rising to $0.36, representing significant growth from the prior year. The company's total revenue surged…
Read full summary
Ponce Financial Group reported strong results for Q1 2026 with net income growing to $8.34 million and diluted EPS rising to $0.36, representing significant growth from the prior year. The company's total revenue surged to approximately $30.27 million, reflecting an increase driven by higher net interest income despite a decrease in non-interest income.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.36
What stood out
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Strong EPS Growth
Diluted EPS increased 44% to $0.36 from $0.25 in Q1 2025.
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Revenue Beat Expectations
Total revenue reached $30.27 million, exceeding estimates by 13.4%.
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Net Interest Income Surge
Net interest income rose by $6.02 million (27.1%) to $28.23 million compared to the prior year.
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Significant Growth in Multifamily Loans
Multifamily residential loans increased by $158.79 million, or 21.0%, compared to December 31, 2025.
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Improved Asset Quality
Non-performing assets decreased to $23.6 million from $30.2 million at December 31, 2025.
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Increased Total Deposits by 4.3%
Total deposits rose to $2.13 billion, an increase of $87.16 million compared to December 31, 2025.
What to watch
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Higher Provision for Credit Losses
Provision for credit losses increased by $1.94 million year-over-year.
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Decreased Non-Interest Income
Non-interest income fell by $0.34 million (14.2%) to $2.04 million from Q1 2025.
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Dependent on Interest Rate Environment
Economic factors such as rising interest rates may affect loan performance and margins.
Management's outlook
No quantitative outlook provided in the MD&A.
Earlier filings 4
10-Q · May 6, 2025
Ponce Financial Group reported a strong quarter ended March 31, 2025 with total interest and dividend income of $43,997 (thousands), net income of $5,959 (thousands) and diluted EPS of $0.25, materially above prior-year…
10-Q · August 8, 2024
Ponce Financial Group reported a stronger quarter: operating revenue (net interest income after provision plus non‑interest income) rose to $20.536 million in Q2 2024 from $16.787 million in Q2 2023, driving net income…
10-Q · May 9, 2024
Ponce Financial Group reported a strong quarter with net income of $2,414,000 and diluted EPS of $0.11 for the three months ended March 31, 2024, up from $331,000 and $0.01 in Q1 2023. Net interest income and interest…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.