株探米国株
日本語 英語
エドガーで原本を確認する
false000187407100018740712026-01-272026-01-27

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 27, 2026

 

 

Ponce Financial Group, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Maryland

001-41255

87-1893965

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

2244 Westchester Avenue

 

Bronx, New York

 

10462

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (718) 931-9000

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common stock, par value $0.01 per share

 

PDLB

 

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Item 2.02 Results of Operations and Financial Condition.

On January 27, 2026, Ponce Financial Group, Inc. (the "Company"), the holding company for Ponce Bank, N.A. ("Ponce Bank" or the "Bank"), issued a press release announcing its financial results with respect to its fourth quarter ended December 31, 2025. The Company’s press release is included as Exhibit 99.1 to this report.

 

The information set forth in this Item 2.02 and in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section.

Item 7.01 Regulation FD Disclosure.The Company is scheduled to make presentations to current and prospective investors after January 27, 2026. Attached as Exhibit 99.2 of this Form 8-K is a copy of the presentation which Ponce Financial Group, Inc. will make available at these presentations and will post on its website at www.poncebank.com. This report is being furnished to the SEC and shall not be deemed "filed" for any purpose.Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

Exhibit Number

Description

99.1

Press release dated January 27, 2026

99.2

 

Presentation of Ponce Financial Group

104

Cover Page Interactive Data File (embedded within the Inline XBRL)

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

Ponce Financial Group, Inc.

 

 

 

 

Date:

January 27, 2026

By:

/s/ Carlos P. Naudon

 

 

 

Carlos P. Naudon
President and Chief Executive Officer

 

EX-99.1 2 pdlb-ex99_1.htm EX-99.1 EX-99.1

 

Exhibit 99.1

Ponce Financial Group, Inc. Reports Fourth Quarter 2025 Results

 

NEW YORK, January 27, 2026 - Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank, N.A. (the “Bank”), today announced results for the fourth quarter of 2025.

Fourth Quarter 2025 Highlights (Compared to Prior Periods):

•
Net income available to common stockholders was $9.9 million, or $0.42 per diluted share for the three months ended December 31, 2025, as compared to net income available to common stockholders of $6.2 million, or $0.27 per diluted share for the three months ended September 30, 2025 and net income available to common stockholders of $2.7 million, or $0.12 per diluted share for the three months ended December 31, 2024. Total net income for the three months ended December 31, 2025 was $10.1 million. The Company paid dividends of $0.3 million on its preferred stock during the three months ended December 31, 2025.
•
Included in the $9.9 million of net income available to common stockholders for the fourth quarter of 2025 results is $48.8 million in interest and dividend income and $3.5 million in non-interest income, offset by $20.9 million in interest expense, $16.6 million in non-interest expense, $3.6 million in provision for income taxes, $1.1 million in provision for credit losses and $0.3 million in dividends on preferred shares.
•
Net interest income of $27.9 million for the fourth quarter of 2025 increased $2.7 million, or 10.64%, from the prior quarter and increased $7.2 million, or 34.75%, from the same quarter last year.
•
Net interest margin was 3.57% for the fourth quarter of 2025, versus 3.30% for the prior quarter and 2.80% for the same quarter last year.

 

Full Year 2025 Highlights (Compared to 2024):

•
Net income available to common stockholders was $27.6 million, or $1.20 per diluted share for the year ended December 31, 2025, as compared to net income available to common stockholders of $10.3 million, or $0.46 per diluted share for the year ended December 31, 2024. The Company paid dividends of $1.1 million on its preferred stock during the for the year ended December 31, 2025 and $0.6 million for the year ended December 31, 2024.
•
Net interest income for the year ended December 31, 2025 was $99.8 million, an increase of $23.3 million, or 30.51%, compared to $76.5 million for the year ended December 31, 2024.
•
Non-interest income for the year ended December 31, 2025 was $9.4 million, an increase of $2.2 million, or 30.49%, from $7.2 million for the year ended December 31, 2024.
•
Non-interest expense for the year ended December 31, 2025 was $67.0 million, a decrease of $0.4 million, or 0.66%, compared to $67.5 million for the year ended December 31, 2024.
•
Cash and equivalents were $126.2 million as of December 31, 2025, a decrease of $13.7 million, or 9.79%, from $139.8 million as of December 31, 2024.
•
Securities totaled $365.2 million as of December 31, 2025, a decrease of $107.7 million, or 22.78%, from $472.9 million as of December 31, 2024 primarily due to regular principal payments, the call of four available-for-sale securities in the total amount of $8.3 million and the maturity/call of three held-to-maturity securities in the amount of $50.0 million.
•
Net loans receivable were $2.60 billion as of December 31, 2025, an increase of $312.7 million, or 13.67%, from $2.29 billion as of December 31, 2024.
•
Deposits were $2.05 billion as of December 31, 2025, an increase of $151.4 million, or 7.99%, from $1.90 billion as of December 31, 2024.

President and Chief Executive Officer’s Comments

Carlos P. Naudon, Ponce Financial Group, Inc.’s President and CEO, stated “The focused execution of our long-term strategy continues to bear fruits. We’re pleased with the increase in profitability over the last several quarters driven by incremental net interest income and controlled operating expenses. Our net interest margin grew 78bps this quarter versus the same quarter last year, and our non-interest expense remains flat for the last three consecutive years. 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.”

1

 

Executive Chairman’s Comment

 

Steven A. Tsavaris, Ponce Financial Group’s Executive Chairman added “We’re pleased with our levels of loan growth as we continue to make progress towards our commitments under the U.S. Treasury’s Emergency Capital Investment Program. As previously reported, we expect that our dividend yield will continue at the 0.50% level in the next dividend period starting later this year and we’re close to achieving 16 quarters of a cumulative deep impact lending percentage of more than 60%. After 14 quarters, including the quarter ended December 31, 2025, we are at 82% deep impact lending.”

 

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

 

 

At or for the Three Months Ended

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

Performance Ratios:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return on average assets (1)

 

1.26

%

 

 

0.82

%

 

 

0.79

%

 

 

0.77

%

 

 

0.38

%

Return on common equity (1)

 

12.50

%

 

 

8.10

%

 

 

7.88

%

 

 

7.97

%

 

 

3.76

%

Net interest margin (1) (2)

 

3.57

%

 

 

3.30

%

 

 

3.27

%

 

 

2.98

%

 

 

2.80

%

Non-interest expense to average assets (1)

 

2.06

%

 

 

2.10

%

 

 

2.18

%

 

 

2.19

%

 

 

2.25

%

Efficiency ratio (3)

 

52.95

%

 

 

62.15

%

 

 

63.69

%

 

 

68.70

%

 

 

75.63

%

Capital Ratios:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

23.72

%

 

 

24.08

%

 

 

22.65

%

 

 

22.84

%

 

 

22.98

%

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

 

13.39

%

 

 

13.39

%

 

 

12.49

%

 

 

12.51

%

 

 

12.44

%

Tier 1 capital to total assets (Ponce Financial Group)

 

17.28

%

 

 

17.33

%

 

 

17.13

%

 

 

16.84

%

 

 

17.70

%

Total capital to risk-weighted assets (Bank only)

 

21.63

%

 

 

21.79

%

 

 

21.22

%

 

 

21.38

%

 

 

21.47

%

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

 

20.53

%

 

 

20.66

%

 

 

20.15

%

 

 

20.35

%

 

 

20.40

%

Tier 1 capital to total assets (Bank only)

 

16.12

%

 

 

16.08

%

 

 

15.99

%

 

 

15.61

%

 

 

15.81

%

Asset Quality Ratios:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

0.97

%

 

 

0.98

%

 

 

0.97

%

 

 

0.96

%

 

 

0.97

%

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

 

94.74

%

 

 

88.88

%

 

 

101.01

%

 

 

84.15

%

 

 

82.29

%

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

 

(0.13

%)

 

 

(0.03

%)

 

 

(0.04

%)

 

 

(0.04

%)

 

 

(0.45

%)

Non-performing loans as a percentage of total assets

 

0.83

%

 

 

0.88

%

 

 

0.76

%

 

 

0.88

%

 

 

0.90

%

Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of offices

 

17

 

 

 

18

 

 

 

17

 

 

 

18

 

 

 

19

 

Number of full-time equivalent employees

 

216

 

 

 

209

 

 

 

206

 

 

 

211

 

 

 

218

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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.

 

 

2

 

Summary of Results of Operations

 

Net income for the three months ended December 31, 2025 was $10.1 million compared to net income of $6.5 million for the three months ended September 30, 2025 and net income of $2.9 million for the three months ended December 31, 2024.

 

The $3.6 million increase of net income for the three months ended December 31, 2025 compared to the three months ended September 30, 2025 was attributed mainly to increases of $2.7 million in net interest income and $2.0 million in non-interest income and a decrease of $0.3 million in provision for credit losses, offset by and an increase of $1.3 million in provision for income taxes while remaining relatively flat on non-interest expense.

 

The $7.2 million increase of net income for the three months ended December 31, 2025 compared to the three months ended December 31, 2024 was largely due to increases of $7.2 million in net interest income and $1.4 million in non-interest income and a decrease of $0.8 million in non-interest expense, offset by increases of $2.0 million in provision for income taxes and $0.2 million in provision for credit losses.

 

Net income for the year ended December 31, 2025 was $28.7 million compared to net income of $11.0 million for the year ended December 31, 2024. The $17.7 million increase of net income for the year ended December 31, 2025 compared to the year ended December 31, 2024 was attributed mainly to increases of $23.3 million in net interest income as a result of a $22.9 million increase in total interest and dividend and a $0.4 million decrease in total interest expense, and $2.2 million in non-interest income and a decrease of $0.4 million in non-interest expense, partially offset by increases of $5.0 million in provision for income taxes, $3.2 million in provision for credit losses and $0.5 million in dividend on preferred shares.

 

 

Net Interest Income and Net Interest Margin

 

Net interest income for the three months ended December 31, 2025, increased $2.7 million, or 10.64%, to $27.9 million compared to $25.2 million for the three months ended September 30, 2025 and increased $7.2 million, or 34.75%, compared to $20.7 million for the three months ended December 31, 2024.

 

The $2.7 million increase in net interest income from the three months ended September 30, 2025 was attributable to an increase of $2.0 million in total interest and dividend income and a decrease of $0.7 million in total interest expense. The $7.2 million increase in net interest income from the three months ended December 31, 2024 was attributable to an increase of $5.9 million in total interest and dividend income and a decrease of $1.3 million in total interest expense.

 

Net interest income for the year ended December 31, 2025, increased $23.3 million, or 30.51%, to $99.8 million compared to $76.5 million for the year ended December 31, 2024. The $23.3 million increase in net interest income was attributable to an increase of $22.9 million in total interest and dividend income and a decrease of $0.4 million in total interest expense.

 

Net interest margin was 3.57% for the three months ended December 31, 2025 compared to 3.30% for the prior quarter, an increase of 27bps and 2.80% for the same period last year, an increase of 77bps.

 

Net interest margin was 3.28% for the year ended December 31, 2025 compared to 2.70% for the year ended December 31, 2024, an increase of 58bps.

 

Non-interest Income

 

Non-interest income for the three months ended December 31, 2025, was $3.5 million, an increase of $2.0 million, or 133.18%, compared to $1.5 million for the three months ended September 30, 2025 and an increase of $1.4 million, or 65.90%, compared to $2.1 million for the three months ended December 31, 2024.

The $2.0 million increase in non-interest income from the three months ended September 30, 2025 was largely attributable to increases of $1.2 million in other non-interest income and $0.8 million in late and prepayment charges. The increase of $1.2 million in other non-interest income is largely attributable to positive valuation adjustments of the Bank's investments in Oaktree SBIC Fund, L.P. ("Oaktree") and EJF Silvergate Ventures Fund LP ("Silvergate").

3

 

The $1.4 million increase in non-interest income from the three months ended December 31, 2024 was largely attributable to increases of $0.9 million in late and prepayment charges, $0.4 million in grant income and $0.3 million in other non-interest income attributable to positive valuation adjustments for the Bank's investments in Oaktree and Silvergate, partially offset by decreases of $0.1 million in income on sale of SBA loans and $0.1 million in income on the sale of mortgage loans.

 

Non-interest income for the year ended December 31, 2025, was $9.4 million, an increase of $2.2 million, or 30.49%, compared to $7.2 million for the year ended December 31, 2024. The $2.2 million increase in non-interest income was largely attributable to increases of $1.6 million in late and prepayment charges, $1.3 million in grant income and $0.3 million in income on sale of SBA loans, partially offset by decreases of $0.6 million in other non-interest income and $0.4 million in income on the sale of mortgage loans.

 

 

Non-interest Expense

 

Non-interest expense for the three months ended December 31, 2025 was $16.6 million, remaining flat compared to the three months ended September 30, 2025 and a decrease of $0.8 million compared to $17.5 million when compared to the three months ended December 31, 2024.

 

The $0.8 million decrease in non-interest expense from the three months ended December 31, 2024 was mainly attributable to decreases of $0.5 million in direct loan expenses, $0.3 million in federal deposit insurance and regulatory assessment, and $0.3 million in professional fees, partially offset by an increase of $0.4 million in compensation and benefits.

 

Non-interest expense for the year ended December 31, 2025, was $67.0 million, a decrease of $0.4 million, or 0.66%, compared to $67.5 million for the year ended December 31, 2024. The $0.4 million decrease in non-interest expense was mainly attributable to decreases of $1.7 million in direct loan expenses and $0.6 million in professional fees, $0.3 million in federal deposit insurance and regulatory assessment, and $0.3 million in office supplies, telephone and postage, partially offset by increases of $0.9 million in occupancy and equipment, $0.5 million in compensation and benefits, $0.5 million in data processing expenses and $0.2 million in other operating expense.

 

 

Credit Quality:

 

Total non-performing assets and accruing modifications to borrowers experiencing financial difficulty were $30.2 million at December 31, 2025 compared to $32.4 million at September 30, 2025 and $32.1 million at December 31, 2024.

 

During the three months ended December 31, 2025, a credit loss provision of $1.1 million on loans was recorded, consisting of $1.5 million charged on the funded portion and $0.4 million benefit on the unfunded portion on loans. During the three months ended September 30, 2025, a credit loss provision of $1.4 million on loans was recorded, consisting of $0.9 million charged on the funded portion and $0.5 million charged on the unfunded portion on loans. During the three months ended December 31, 2024, a credit loss provision of $0.9 million on loans was recorded, consisting of $1.1 million charged on the funded portion on loans and a benefit of $0.2 million on the unfunded portion on loans.

 

During the year ended December 31, 2025, a credit loss provision of $3.8 million on loans was recorded, consisting of $4.5 million charged on the funded portion and a benefit of $0.7 million on the unfunded portion on loans. During the year ended December 31, 2024, a credit loss provision of $0.8 million on loans was recorded, consisting of $1.5 million charged on the funded portion on loans and a benefit of $0.7 million on unfunded portion on loans.

 

Balance Sheet Summary

 

Total assets increased $184.0 million, or 6.05%, to $3.22 billion as of December 31, 2025 from $3.04 billion as of December 31, 2024. The increase in total assets is largely attributable to increases of $312.7 million in net loans receivable and $10.7 million in purchases of Federal Reserve Bank of New York stock, partially offset by decreases of $95.0 million in held-to-maturity securities, $13.7 million in cash and cash equivalents, $12.8 million in available-for-sale securities, $7.6 million in other assets, $7.3 million in mortgage loans held for sale, $1.5 million in right of use asset, $1.2 million in premises and equipment, net and $0.6 million in deferred tax assets.

 

Total liabilities increased $148.0 million, or 5.84%, to $2.68 billion as of December 31, 2025 from $2.53 billion as of December 31, 2024. The increase in total liabilities was largely attributable to an increase of $151.4 million in deposits, partially offset by decreases of $2.2 million in other liabilities and $1.3 million in operating lease liabilities.

4

 

Total stockholders’ equity increased $36.0 million, or 7.13%, to $541.5 million as of December 31, 2025, from $505.5 million as of December 31, 2024. The $36.0 million increase in stockholders’ equity was largely attributable to $28.7 million in net income, $4.5 million in other comprehensive income, $1.9 million impact to additional paid in capital as a result of share-based compensation, $1.9 million from release of ESOP shares and $0.1 million from exercise of stock options, offset by $1.1 million in dividends on preferred shares.

 

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 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.

5

 

Ponce Financial Group, Inc. and Subsidiaries

Consolidated Statements of Financial Condition

(Dollars in thousands, except for share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

$

28,511

 

 

$

29,296

 

 

$

35,767

 

 

$

32,113

 

 

$

35,478

 

Interest-bearing deposits

 

97,643

 

 

 

117,283

 

 

 

90,872

 

 

 

97,780

 

 

 

104,361

 

Total cash and cash equivalents

 

126,154

 

 

 

146,579

 

 

 

126,639

 

 

 

129,893

 

 

 

139,839

 

Available-for-sale securities, at fair value

 

92,196

 

 

 

94,822

 

 

 

96,562

 

 

 

103,570

 

 

 

104,970

 

Held-to-maturity securities, at amortized cost

 

272,982

 

 

 

285,125

 

 

 

336,879

 

 

 

358,024

 

 

 

367,938

 

Placement with banks

 

249

 

 

 

249

 

 

 

249

 

 

 

249

 

 

 

249

 

Mortgage loans held for sale, at fair value

 

3,388

 

 

 

5,794

 

 

 

5,703

 

 

 

8,567

 

 

 

10,736

 

Loans receivable, net

 

2,599,258

 

 

 

2,490,046

 

 

 

2,458,712

 

 

 

2,370,931

 

 

 

2,286,599

 

Accrued interest receivable

 

17,905

 

 

 

18,903

 

 

 

19,126

 

 

 

19,008

 

 

 

17,771

 

Premises and equipment, net

 

15,638

 

 

 

16,129

 

 

 

16,067

 

 

 

16,417

 

 

 

16,794

 

Right of use assets

 

27,583

 

 

 

28,295

 

 

 

28,806

 

 

 

29,496

 

 

 

29,093

 

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

 

29,309

 

 

 

25,945

 

 

 

26,620

 

 

 

25,807

 

 

 

29,182

 

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

 

10,698

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Deferred tax assets

 

11,501

 

 

 

12,402

 

 

 

12,143

 

 

 

11,629

 

 

 

12,074

 

Other assets

 

17,109

 

 

 

32,790

 

 

 

26,363

 

 

 

16,245

 

 

 

24,693

 

Total assets

$

3,223,970

 

 

$

3,157,079

 

 

$

3,153,869

 

 

$

3,089,836

 

 

$

3,039,938

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

2,046,635

 

 

$

2,063,081

 

 

$

2,053,151

 

 

$

2,017,848

 

 

$

1,895,213

 

Borrowings

 

596,100

 

 

 

521,100

 

 

 

536,100

 

 

 

521,100

 

 

 

596,100

 

Operating lease liabilities

 

29,353

 

 

 

30,028

 

 

 

30,501

 

 

 

31,126

 

 

 

30,696

 

Accrued interest payable

 

3,788

 

 

 

4,372

 

 

 

4,161

 

 

 

4,628

 

 

 

3,712

 

Other liabilities

 

6,545

 

 

 

8,663

 

 

 

8,868

 

 

 

1,248

 

 

 

8,717

 

Total liabilities

 

2,682,421

 

 

 

2,627,244

 

 

 

2,632,781

 

 

 

2,575,950

 

 

 

2,534,438

 

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

 

(6,164

)

 

 

(7,270

)

 

 

(7,404

)

 

 

(7,641

)

 

 

(7,707

)

Additional paid-in-capital

 

208,604

 

 

 

208,909

 

 

 

208,275

 

 

 

207,888

 

 

 

207,319

 

Retained earnings

 

135,332

 

 

 

125,477

 

 

 

119,250

 

 

 

113,432

 

 

 

107,754

 

Accumulated other comprehensive loss

 

(10,820

)

 

 

(11,586

)

 

 

(13,047

)

 

 

(13,515

)

 

 

(15,297

)

Unearned compensation ─ ESOP

 

(10,652

)

 

 

(10,944

)

 

 

(11,235

)

 

 

(11,527

)

 

 

(11,818

)

Total stockholders' equity

 

541,549

 

 

 

529,835

 

 

 

521,088

 

 

 

513,886

 

 

 

505,500

 

Total liabilities and stockholders' equity

$

3,223,970

 

 

$

3,157,079

 

 

$

3,153,869

 

 

$

3,089,836

 

 

$

3,039,938

 

 

 

 

 

6

 

Ponce Financial Group, Inc. and Subsidiaries

Consolidated Statements of Operations

(Dollars in thousands, except per share data)

 

 

Three Months Ended

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

Interest and dividend income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on loans receivable

$

43,599

 

 

$

41,486

 

 

$

40,291

 

 

$

37,136

 

 

$

35,622

 

Interest on deposits due from banks

 

1,209

 

 

 

978

 

 

 

807

 

 

 

1,668

 

 

 

1,783

 

Interest and dividend on securities and FHLBNY stock

 

4,013

 

 

 

4,383

 

 

 

4,762

 

 

 

5,193

 

 

 

5,481

 

Total interest and dividend income

 

48,821

 

 

 

46,847

 

 

 

45,860

 

 

 

43,997

 

 

 

42,886

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on certificates of deposit

 

6,706

 

 

 

6,553

 

 

 

7,382

 

 

 

7,754

 

 

 

8,104

 

Interest on other deposits

 

9,106

 

 

 

9,996

 

 

 

9,058

 

 

 

8,554

 

 

 

8,476

 

Interest on borrowings

 

5,075

 

 

 

5,050

 

 

 

4,994

 

 

 

5,486

 

 

 

5,576

 

Total interest expense

 

20,887

 

 

 

21,599

 

 

 

21,434

 

 

 

21,794

 

 

 

22,156

 

Net interest income

 

27,934

 

 

 

25,248

 

 

 

24,426

 

 

 

22,203

 

 

 

20,730

 

Provision (benefit) for credit losses

 

1,078

 

 

 

1,364

 

 

 

1,626

 

 

 

(285

)

 

 

897

 

Net interest income after provision (benefit) for credit losses

 

26,856

 

 

 

23,884

 

 

 

22,800

 

 

 

22,488

 

 

 

19,833

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges and fees

 

542

 

 

 

539

 

 

 

511

 

 

 

525

 

 

 

500

 

Brokerage commissions

 

23

 

 

 

8

 

 

 

—

 

 

 

4

 

 

 

44

 

Late and prepayment charges

 

1,173

 

 

 

385

 

 

 

530

 

 

 

697

 

 

 

318

 

Income on sale of mortgage loans

 

139

 

 

 

166

 

 

 

169

 

 

 

148

 

 

 

254

 

Income on sale of SBA loans

 

—

 

 

 

—

 

 

 

—

 

 

 

404

 

 

 

148

 

Grant income

 

428

 

 

 

429

 

 

 

428

 

 

 

—

 

 

 

—

 

Other

 

1,174

 

 

 

(35

)

 

 

422

 

 

 

603

 

 

 

833

 

Total non-interest income

 

3,479

 

 

 

1,492

 

 

 

2,060

 

 

 

2,381

 

 

 

2,097

 

Non-interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

8,113

 

 

 

7,868

 

 

 

7,627

 

 

 

7,780

 

 

 

7,668

 

Occupancy and equipment

 

4,033

 

 

 

3,934

 

 

 

3,907

 

 

 

3,913

 

 

 

3,863

 

Data processing expenses

 

1,223

 

 

 

1,296

 

 

 

1,188

 

 

 

1,152

 

 

 

1,143

 

Direct loan expenses

 

116

 

 

 

155

 

 

 

241

 

 

 

388

 

 

 

617

 

Insurance and surety bond premiums

 

324

 

 

 

318

 

 

 

297

 

 

 

315

 

 

 

293

 

Office supplies, telephone and postage

 

186

 

 

 

170

 

 

 

174

 

 

 

170

 

 

 

294

 

Professional fees

 

1,392

 

 

 

1,409

 

 

 

1,367

 

 

 

1,364

 

 

 

1,703

 

Microloans recoveries

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(29

)

Marketing and promotional expenses

 

94

 

 

 

184

 

 

 

266

 

 

 

83

 

 

 

289

 

Federal deposit insurance and regulatory assessment

 

97

 

 

 

266

 

 

 

546

 

 

 

461

 

 

 

418

 

Other operating expenses

 

1,056

 

 

 

1,018

 

 

 

1,256

 

 

 

1,262

 

 

 

1,206

 

Total non-interest expense

 

16,634

 

 

 

16,618

 

 

 

16,869

 

 

 

16,888

 

 

 

17,465

 

Income before income taxes

 

13,701

 

 

 

8,758

 

 

 

7,991

 

 

 

7,981

 

 

 

4,465

 

Provision for income taxes

 

3,565

 

 

 

2,250

 

 

 

1,891

 

 

 

2,022

 

 

 

1,532

 

Net income

$

10,136

 

 

$

6,508

 

 

$

6,100

 

 

$

5,959

 

 

$

2,933

 

Dividends on preferred shares

 

281

 

 

 

281

 

 

 

282

 

 

 

281

 

 

 

282

 

Net income available to common stockholders

$

9,855

 

 

$

6,227

 

 

$

5,818

 

 

$

5,678

 

 

$

2,651

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.43

 

 

$

0.27

 

 

$

0.26

 

 

$

0.25

 

 

$

0.12

 

Diluted

$

0.42

 

 

$

0.27

 

 

$

0.25

 

 

$

0.25

 

 

$

0.12

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

22,837,044

 

 

 

22,766,195

 

 

 

22,716,615

 

 

 

22,662,916

 

 

 

22,528,160

 

Diluted

 

23,263,708

 

 

 

23,135,448

 

 

 

22,947,769

 

 

 

22,876,740

 

 

 

22,807,644

 

 

 

 

 

7

 

Ponce Financial Group, Inc. and Subsidiaries

Consolidated Statements of Operations

(Dollars in thousands, except per share data)

 

 

 

For the Years Ended December 31,

 

 

 

2025

 

 

2024

 

 

Variance $

 

 

Variance %

 

Interest and dividend income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest on loans receivable

 

$

162,512

 

 

$

130,512

 

 

$

32,000

 

 

 

24.52

%

Interest on deposits due from banks

 

 

4,662

 

 

 

8,666

 

 

 

(4,004

)

 

 

(46.20

%)

Interest and dividend on securities and FHLBNY stock

 

 

18,351

 

 

 

23,459

 

 

 

(5,108

)

 

 

(21.77

%)

Total interest and dividend income

 

 

185,525

 

 

 

162,637

 

 

 

22,888

 

 

 

14.07

%

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Interest on certificates of deposit

 

 

28,395

 

 

 

27,768

 

 

 

627

 

 

 

2.26

%

Interest on other deposits

 

 

36,714

 

 

 

30,924

 

 

 

5,790

 

 

 

18.72

%

Interest on borrowings

 

 

20,605

 

 

 

27,465

 

 

 

(6,860

)

 

 

(24.98

%)

Total interest expense

 

 

85,714

 

 

 

86,157

 

 

 

(443

)

 

 

(0.51

%)

Net interest income

 

 

99,811

 

 

 

76,480

 

 

 

23,331

 

 

 

30.51

%

Provision for credit losses

 

 

3,783

 

 

 

551

 

 

 

3,232

 

 

 

586.57

%

Net interest income after provision for credit losses

 

 

96,028

 

 

 

75,929

 

 

 

20,099

 

 

 

26.47

%

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

Service charges and fees

 

 

2,117

 

 

 

1,973

 

 

 

144

 

 

 

7.30

%

Brokerage commissions

 

 

35

 

 

 

61

 

 

 

(26

)

 

 

(42.62

%)

Late and prepayment charges

 

 

2,785

 

 

 

1,180

 

 

 

1,605

 

 

 

136.02

%

Income on sale of mortgage loans

 

 

622

 

 

 

1,048

 

 

 

(426

)

 

 

(40.65

%)

Income on sale of SBA loans

 

 

404

 

 

 

148

 

 

 

256

 

 

 

172.97

%

Grant income

 

 

1,285

 

 

 

—

 

 

 

1,285

 

 

 

—

%

Other

 

 

2,164

 

 

 

2,803

 

 

 

(639

)

 

 

(22.80

%)

Total non-interest income

 

 

9,412

 

 

 

7,213

 

 

 

2,199

 

 

 

30.49

%

Non-interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

 

31,388

 

 

 

30,910

 

 

 

478

 

 

 

1.55

%

Occupancy and equipment

 

 

15,787

 

 

 

14,880

 

 

 

907

 

 

 

6.10

%

Data processing expenses

 

 

4,859

 

 

 

4,382

 

 

 

477

 

 

 

10.89

%

Direct loan expenses

 

 

900

 

 

 

2,555

 

 

 

(1,655

)

 

 

(64.77

%)

Insurance and surety bond premiums

 

 

1,254

 

 

 

1,101

 

 

 

153

 

 

 

13.90

%

Office supplies, telephone and postage

 

 

700

 

 

 

998

 

 

 

(298

)

 

 

(29.86

%)

Professional fees

 

 

5,532

 

 

 

6,146

 

 

 

(614

)

 

 

(9.99

%)

Microloans recoveries

 

 

—

 

 

 

(201

)

 

 

201

 

 

 

(100.00

%)

Marketing and promotional expenses

 

 

627

 

 

 

714

 

 

 

(87

)

 

 

(12.18

%)

Federal deposit insurance and regulatory assessments

 

 

1,370

 

 

 

1,627

 

 

 

(257

)

 

 

(15.80

%)

Other operating expenses

 

 

4,592

 

 

 

4,345

 

 

 

247

 

 

 

5.68

%

Total non-interest expense

 

 

67,009

 

 

 

67,457

 

 

 

(448

)

 

 

(0.66

%)

Income before income taxes

 

 

38,431

 

 

 

15,685

 

 

 

22,746

 

 

 

145.02

%

Provision for income taxes

 

 

9,728

 

 

 

4,713

 

 

 

5,015

 

 

 

106.41

%

Net income

 

$

28,703

 

 

$

10,972

 

 

$

17,731

 

 

 

161.60

%

Dividends on preferred shares

 

 

1,125

 

 

 

638

 

 

 

487

 

 

 

76.33

%

Net income available to common stockholders

 

$

27,578

 

 

$

10,334

 

 

$

17,244

 

 

 

166.87

%

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.21

 

 

$

0.46

 

 

$

0.75

 

 

 

163.00

%

Diluted

 

$

1.20

 

 

$

0.46

 

 

$

0.74

 

 

 

160.87

%

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

22,746,226

 

 

 

22,434,654

 

 

 

311,572

 

 

 

1.39

%

Diluted

 

 

23,060,669

 

 

 

22,551,715

 

 

 

508,954

 

 

 

2.26

%

 

 

8

 

Ponce Financial Group, Inc. and Subsidiaries

Loans Receivable excluding Mortgage Loans Held for Sale

 

 

 

As of

 

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

(Dollars in thousands)

 

Mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investor Owned

 

$

307,267

 

 

 

11.70

%

 

$

311,728

 

 

 

12.39

%

 

$

317,488

 

 

 

12.78

%

 

$

325,866

 

 

 

13.62

%

 

$

330,053

 

 

 

14.30

%

Owner-Occupied

 

 

127,107

 

 

 

4.84

%

 

 

132,874

 

 

 

5.28

%

 

 

134,862

 

 

 

5.43

%

 

 

137,676

 

 

 

5.75

%

 

 

142,363

 

 

 

6.17

%

Multifamily residential

 

 

756,542

 

 

 

28.83

%

 

 

688,574

 

 

 

27.39

%

 

 

693,670

 

 

 

27.96

%

 

 

675,541

 

 

 

28.24

%

 

 

670,159

 

 

 

29.04

%

Nonresidential properties

 

 

526,210

 

 

 

20.05

%

 

 

436,175

 

 

 

17.35

%

 

 

404,512

 

 

 

16.30

%

 

 

390,681

 

 

 

16.33

%

 

 

389,898

 

 

 

16.89

%

Construction and land

 

 

854,096

 

 

 

32.54

%

 

 

886,369

 

 

 

35.25

%

 

 

883,462

 

 

 

35.59

%

 

 

815,425

 

 

 

34.08

%

 

 

733,660

 

 

 

31.79

%

Total mortgage loans

 

 

2,571,222

 

 

 

97.96

%

 

 

2,455,720

 

 

 

97.66

%

 

 

2,433,994

 

 

 

98.06

%

 

 

2,345,189

 

 

 

98.02

%

 

 

2,266,133

 

 

 

98.19

%

Non-mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business loans

 

 

53,063

 

 

 

2.02

%

 

 

58,012

 

 

 

2.31

%

 

 

47,372

 

 

 

1.91

%

 

 

46,329

 

 

 

1.94

%

 

 

40,849

 

 

 

1.77

%

Consumer loans

 

 

625

 

 

 

0.02

%

 

 

727

 

 

 

0.03

%

 

 

840

 

 

 

0.03

%

 

 

997

 

 

 

0.04

%

 

 

1,038

 

 

 

0.04

%

Total non-mortgage loans

 

 

53,688

 

 

 

2.04

%

 

 

58,739

 

 

 

2.34

%

 

 

48,212

 

 

 

1.94

%

 

 

47,326

 

 

 

1.98

%

 

 

41,887

 

 

 

1.81

%

Total loans, gross

 

 

2,624,910

 

 

 

100.00

%

 

 

2,514,459

 

 

 

100.00

%

 

 

2,482,206

 

 

 

100.00

%

 

 

2,392,515

 

 

 

100.00

%

 

 

2,308,020

 

 

 

100.00

%

Net deferred loan origination costs

 

 

(203

)

 

 

 

 

 

351

 

 

 

 

 

 

606

 

 

 

 

 

 

1,390

 

 

 

 

 

 

1,081

 

 

 

 

Allowance for credit losses on loans

 

 

(25,449

)

 

 

 

 

 

(24,764

)

 

 

 

 

 

(24,100

)

 

 

 

 

 

(22,974

)

 

 

 

 

 

(22,502

)

 

 

 

Loans, net

 

$

2,599,258

 

 

 

 

 

$

2,490,046

 

 

 

 

 

$

2,458,712

 

 

 

 

 

$

2,370,931

 

 

 

 

 

$

2,286,599

 

 

 

 

 

 

 

9

 

Ponce Financial Group, Inc. and Subsidiaries

Allowance for Credit Losses on Loans

 

 

For the Three Months Ended

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

 

(Dollars in thousands)

 

Allowance for credit losses on loans at beginning of the period

$

24,764

 

 

$

24,100

 

 

$

22,974

 

 

$

22,502

 

 

$

23,966

 

Provision for credit losses on loans

 

1,526

 

 

 

864

 

 

 

1,348

 

 

 

731

 

 

 

1,090

 

Charge-offs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residences

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investor owned

 

(32

)

 

 

—

 

 

 

—

 

 

 

(38

)

 

 

—

 

Non-mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business

 

(801

)

 

 

(200

)

 

 

(222

)

 

 

(222

)

 

 

(232

)

Consumer

 

(44

)

 

 

—

 

 

 

—

 

 

 

(3

)

 

 

(2,465

)

Total charge-offs

 

(877

)

 

 

(200

)

 

 

(222

)

 

 

(263

)

 

 

(2,697

)

Recoveries:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residences

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investor owned

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Non-mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business

 

35

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

—

 

Consumer

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

143

 

Total recoveries

 

36

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

143

 

Net (charge-offs) recoveries

 

(841

)

 

 

(200

)

 

 

(222

)

 

 

(259

)

 

 

(2,554

)

Allowance for credit losses on loans at end of the period

$

25,449

 

 

$

24,764

 

 

$

24,100

 

 

$

22,974

 

 

$

22,502

 

 

10

 

 

Ponce Financial Group, Inc. and Subsidiaries

Deposits

 

 

 

As of

 

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

 

(Dollars in thousands)

 

Demand

 

$

208,250

 

 

 

10.18

%

 

$

192,595

 

 

 

9.34

%

 

$

197,671

 

 

 

9.63

%

 

$

212,139

 

 

 

10.51

%

 

$

169,178

 

 

 

8.93

%

Interest-bearing deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOW/IOLA accounts

 

 

84,012

 

 

 

4.10

%

 

 

75,051

 

 

 

3.64

%

 

 

63,626

 

 

 

3.10

%

 

 

74,430

 

 

 

3.69

%

 

 

62,616

 

 

 

3.30

%

Money market accounts

 

 

779,532

 

 

 

38.09

%

 

 

821,844

 

 

 

39.84

%

 

 

790,939

 

 

 

38.52

%

 

 

692,753

 

 

 

34.33

%

 

 

636,219

 

 

 

33.57

%

Reciprocal deposits

 

 

152,630

 

 

 

7.46

%

 

 

154,548

 

 

 

7.49

%

 

 

136,693

 

 

 

6.66

%

 

 

141,838

 

 

 

7.03

%

 

 

130,677

 

 

 

6.90

%

Savings accounts (1)

 

 

117,708

 

 

 

5.75

%

 

 

117,401

 

 

 

5.69

%

 

 

113,701

 

 

 

5.53

%

 

 

119,023

 

 

 

5.90

%

 

 

116,219

 

 

 

6.12

%

Total NOW, money market, reciprocal and savings accounts

 

 

1,133,882

 

 

 

55.40

%

 

 

1,168,844

 

 

 

56.66

%

 

 

1,104,959

 

 

 

53.81

%

 

 

1,028,044

 

 

 

50.95

%

 

 

945,731

 

 

 

49.89

%

Certificates of deposit of $250K or more

 

 

202,500

 

 

 

9.89

%

 

 

209,819

 

 

 

10.17

%

 

 

220,671

 

 

 

10.75

%

 

 

219,721

 

 

 

10.89

%

 

 

204,293

 

 

 

10.78

%

Brokered certificates of deposit (2)

 

 

67,942

 

 

 

3.32

%

 

 

67,952

 

 

 

3.29

%

 

 

69,531

 

 

 

3.39

%

 

 

84,531

 

 

 

4.19

%

 

 

94,531

 

 

 

4.99

%

Listing service deposits (2)

 

 

4,150

 

 

 

0.20

%

 

 

4,150

 

 

 

0.20

%

 

 

6,140

 

 

 

0.30

%

 

 

6,140

 

 

 

0.30

%

 

 

7,376

 

 

 

0.39

%

All other certificates of deposit less than $250K

 

 

429,911

 

 

 

21.01

%

 

 

419,721

 

 

 

20.34

%

 

 

454,179

 

 

 

22.12

%

 

 

467,273

 

 

 

23.16

%

 

 

474,104

 

 

 

25.02

%

Total certificates of deposit

 

 

704,503

 

 

 

34.42

%

 

 

701,642

 

 

 

34.00

%

 

 

750,521

 

 

 

36.56

%

 

 

777,665

 

 

 

38.54

%

 

 

780,304

 

 

 

41.18

%

Total interest-bearing deposits

 

 

1,838,385

 

 

 

89.82

%

 

 

1,870,486

 

 

 

90.66

%

 

 

1,855,480

 

 

 

90.37

%

 

 

1,805,709

 

 

 

89.49

%

 

 

1,726,035

 

 

 

91.07

%

Total deposits

 

$

2,046,635

 

 

 

100.00

%

 

$

2,063,081

 

 

 

100.00

%

 

$

2,053,151

 

 

 

100.00

%

 

$

2,017,848

 

 

 

100.00

%

 

$

1,895,213

 

 

 

100.00

%

 

(1)
As of June 30, 2025, March 31, 2025 and December 31, 2024, Advance payments by borrowers for taxes and insurance in the amounts of $10.9 million, $12.9 million and $10.3 million, respectively, were reclassified to Deposits.
(2)
There were no individual listing service deposits or brokered certificates of deposit amounting to $250,000 or more.

11

 

Ponce Financial Group, Inc. and Subsidiaries

Nonperforming Assets

 

 

As of Three Months Ended

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

 

(Dollars in thousands)

 

Non-accrual loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investor owned

$

2,870

 

 

$

2,527

 

 

$

1,859

 

 

$

1,052

 

 

$

436

 

Owner occupied

 

1,557

 

 

 

649

 

 

 

—

 

 

 

1,423

 

 

 

1,423

 

Multifamily residential

 

13,112

 

 

 

14,202

 

 

 

11,703

 

 

 

9,788

 

 

 

10,271

 

Nonresidential properties

 

—

 

 

 

—

 

 

 

405

 

 

 

—

 

 

 

—

 

Construction and land

 

8,247

 

 

 

8,907

 

 

 

8,907

 

 

 

14,159

 

 

 

14,158

 

Non-mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business

 

667

 

 

 

880

 

 

 

276

 

 

 

170

 

 

 

343

 

Consumer

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

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

$

26,453

 

 

$

27,165

 

 

$

23,150

 

 

$

26,592

 

 

$

26,631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investor owned

$

—

 

 

$

284

 

 

$

284

 

 

$

279

 

 

$

279

 

Owner occupied

 

410

 

 

 

414

 

 

 

424

 

 

 

431

 

 

 

435

 

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

 

410

 

 

 

698

 

 

 

708

 

 

 

710

 

 

 

714

 

Total non-performing assets (2)

$

26,863

 

 

$

27,863

 

 

$

23,858

 

 

$

27,302

 

 

$

27,345

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accruing modifications to borrowers experiencing financial difficulty (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investor owned

$

1,753

 

 

$

1,766

 

 

$

1,779

 

 

$

1,792

 

 

$

1,807

 

Owner occupied

 

821

 

 

 

1,959

 

 

 

2,012

 

 

 

2,038

 

 

 

2,062

 

Multifamily residential

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Nonresidential properties

 

621

 

 

 

629

 

 

 

655

 

 

 

644

 

 

 

652

 

Construction and land

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Non-mortgage loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business

 

190

 

 

 

196

 

 

 

203

 

 

 

209

 

 

 

215

 

Consumer

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total accruing modifications to borrowers experiencing financial difficulty (1)

$

3,385

 

 

$

4,550

 

 

$

4,649

 

 

$

4,683

 

 

$

4,736

 

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

$

30,248

 

 

$

32,413

 

 

$

28,507

 

 

$

31,985

 

 

$

32,081

 

Total non-performing assets to total assets

 

0.83

%

 

 

0.88

%

 

 

0.76

%

 

 

0.87

%

 

 

0.90

%

 

 

(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.

12

 

Ponce Financial Group, Inc. and Subsidiaries

Average Balance Sheets

 

 

For the Three Months Ended December 31,

 

2025

 

2024

 

Average

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Outstanding

 

 

 

 

 

Average

 

Outstanding

 

 

 

 

 

Average

 

Balance

 

 

Interest

 

 

Yield/Rate (1)

 

Balance

 

 

Interest

 

 

Yield/Rate (1)

 

(Dollars in thousands)

Interest-earning assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans (2)

$

2,572,286

 

 

$

43,599

 

 

6.72%

 

$

2,261,426

 

 

$

35,622

 

 

6.27%

Securities (3)

 

373,333

 

 

 

3,370

 

 

3.58%

 

 

507,510

 

 

 

4,860

 

 

3.81%

Other (4)

 

157,430

 

 

 

1,852

 

 

4.67%

 

 

179,701

 

 

 

2,404

 

 

5.32%

Total interest-earning assets

 

3,103,049

 

 

 

48,821

 

 

6.24%

 

 

2,948,637

 

 

 

42,886

 

 

5.79%

Non-interest-earning assets

 

94,050

 

 

 

 

 

 

 

 

108,558

 

 

 

 

 

 

Total assets

$

3,197,099

 

 

 

 

 

 

 

$

3,057,195

 

 

 

 

 

 

Interest-bearing liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOW/IOLA

$

73,304

 

 

$

131

 

 

0.71%

 

$

68,776

 

 

$

119

 

 

0.69%

Money market

 

953,849

 

 

 

8,947

 

 

3.72%

 

 

761,130

 

 

 

8,329

 

 

4.35%

Savings (5)

 

121,352

 

 

 

28

 

 

0.09%

 

 

124,364

 

 

 

28

 

 

0.09%

Certificates of deposit

 

713,390

 

 

 

6,706

 

 

3.73%

 

 

783,335

 

 

 

8,104

 

 

4.12%

Total deposits

 

1,861,895

 

 

 

15,812

 

 

3.37%

 

 

1,737,605

 

 

 

16,580

 

 

3.80%

Borrowings

 

526,263

 

 

 

5,075

 

 

3.83%

 

 

573,316

 

 

 

5,576

 

 

3.87%

Total interest-bearing liabilities

 

2,388,158

 

 

 

20,887

 

 

3.47%

 

 

2,310,921

 

 

 

22,156

 

 

3.81%

Non-interest-bearing liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest-bearing demand

 

228,978

 

 

 

—

 

 

 

 

 

191,355

 

 

 

—

 

 

 

Other non-interest-bearing liabilities

 

42,062

 

 

 

—

 

 

 

 

 

47,875

 

 

 

—

 

 

 

Total non-interest-bearing liabilities

 

271,040

 

 

 

—

 

 

 

 

 

239,230

 

 

 

—

 

 

 

Total liabilities

 

2,659,198

 

 

 

20,887

 

 

 

 

 

2,550,151

 

 

 

22,156

 

 

 

Total equity

 

537,901

 

 

 

 

 

 

 

 

507,044

 

 

 

 

 

 

Total liabilities and total equity

$

3,197,099

 

 

 

 

 

3.47%

 

$

3,057,195

 

 

 

 

 

3.81%

Net interest income

 

 

 

$

27,934

 

 

 

 

 

 

 

$

20,730

 

 

 

Net interest rate spread (6)

 

 

 

 

 

 

2.77%

 

 

 

 

 

 

 

1.98%

Net interest-earning assets (7)

$

714,891

 

 

 

 

 

 

 

$

637,716

 

 

 

 

 

 

Net interest margin (8)

 

 

 

 

 

 

3.57%

 

 

 

 

 

 

 

2.80%

Average interest-earning assets to interest-bearing liabilities

 

 

 

 

 

 

129.93%

 

 

 

 

 

 

 

127.60%

 

 

(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 December 31, 2024, advance payments by borrowers for taxes and insurance in the amounts of $15.1 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.

13

 

Ponce Financial Group, Inc. and Subsidiaries

Average Balance Sheets

 

 

 

For the Years Ended December 31,

 

 

2025

 

 

2024

 

 

Average

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

Outstanding

 

 

 

 

 

Average

 

 

Outstanding

 

 

 

 

 

Average

 

 

Balance

 

 

Interest

 

 

Yield/Rate

 

 

Balance

 

 

Interest

 

 

Yield/Rate (1)

 

(Dollars in thousands)

 

Interest-earning assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans (1)

$

2,472,805

 

 

$

162,512

 

 

 

6.57

%

 

$

2,094,820

 

 

$

130,512

 

 

 

6.23

%

Securities (2)

 

427,033

 

 

 

16,050

 

 

 

3.76

%

 

 

548,641

 

 

 

21,289

 

 

 

3.88

%

Other (3)

 

141,438

 

 

 

6,963

 

 

 

4.92

%

 

 

192,403

 

 

 

10,836

 

 

 

5.63

%

Total interest-earning assets

 

3,041,276

 

 

 

185,525

 

 

 

6.10

%

 

 

2,835,864

 

 

 

162,637

 

 

 

5.74

%

Non-interest-earning assets

 

100,790

 

 

 

 

 

 

 

 

 

107,017

 

 

 

 

 

 

 

Total assets

$

3,142,066

 

 

 

 

 

 

 

 

$

2,942,881

 

 

 

 

 

 

 

Interest-bearing liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOW/IOLA

$

73,102

 

 

$

483

 

 

 

0.66

%

 

$

74,796

 

 

$

662

 

 

 

0.89

%

Money market

 

901,692

 

 

 

36,119

 

 

 

4.01

%

 

 

654,521

 

 

 

30,148

 

 

 

4.61

%

Savings (4)

 

119,335

 

 

 

112

 

 

 

0.09

%

 

 

125,062

 

 

 

114

 

 

 

0.09

%

Certificates of deposit

 

744,497

 

 

 

28,395

 

 

 

3.81

%

 

 

676,306

 

 

 

27,768

 

 

 

4.11

%

Total deposits

 

1,838,626

 

 

 

65,109

 

 

 

3.54

%

 

 

1,530,685

 

 

 

58,692

 

 

 

3.83

%

Borrowings

 

534,183

 

 

 

20,605

 

 

 

3.86

%

 

 

670,982

 

 

 

27,465

 

 

 

4.09

%

Total interest-bearing liabilities

 

2,372,809

 

 

 

85,714

 

 

 

3.61

%

 

 

2,201,667

 

 

 

86,157

 

 

 

3.91

%

Non-interest-bearing liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest-bearing demand

 

207,288

 

 

 

—

 

 

 

 

 

 

191,155

 

 

 

—

 

 

 

 

Other non-interest-bearing liabilities

 

38,431

 

 

 

—

 

 

 

 

 

 

50,259

 

 

 

—

 

 

 

 

Total non-interest-bearing liabilities

 

245,719

 

 

 

—

 

 

 

 

 

 

241,414

 

 

 

—

 

 

 

 

Total liabilities

 

2,618,528

 

 

 

85,714

 

 

 

 

 

 

2,443,081

 

 

 

86,157

 

 

 

 

Total equity

 

523,538

 

 

 

 

 

 

 

 

 

499,800

 

 

 

 

 

 

 

Total liabilities and total equity

$

3,142,066

 

 

 

 

 

 

3.61

%

 

$

2,942,881

 

 

 

 

 

 

3.91

%

Net interest income

 

 

 

$

99,811

 

 

 

 

 

 

 

 

$

76,480

 

 

 

 

Net interest rate spread (5)

 

 

 

 

 

 

 

2.49

%

 

 

 

 

 

 

 

 

1.83

%

Net interest-earning assets (6)

$

668,467

 

 

 

 

 

 

 

 

$

634,197

 

 

 

 

 

 

 

Net interest margin (7)

 

 

 

 

 

 

 

3.28

%

 

 

 

 

 

 

 

 

2.70

%

Average interest-earning assets to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

interest-bearing liabilities

 

 

 

 

 

 

 

128.17

%

 

 

 

 

 

 

 

 

128.81

%

 

(1)
Loans include loans and mortgage loans held for sale, at fair value.
(2)
Securities include available-for-sale securities and held-to-maturity securities.
(3)
Includes FHLBNY demand account, FHLBNY stock dividends and FRBNY demand deposits.
(4)
For the year ended December 31, 2024, advance payments by borrowers for taxes and insurance in the amounts of $14.0 million, were reclassified to savings.
(5)
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.
(6)
Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(7)
Net interest margin represents net interest income divided by average total interest-earning assets.

 

14

 

Ponce Financial Group, Inc. and Subsidiaries

Other Data

 

 

As of

 

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2025

 

 

2025

 

 

2025

 

 

2024

 

Other Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares issued

 

24,886,711

 

 

 

24,886,711

 

 

 

24,886,711

 

 

 

24,886,711

 

 

 

24,886,711

 

Less treasury shares

 

750,785

 

 

 

885,586

 

 

 

901,911

 

 

 

920,520

 

 

 

925,497

 

Common shares outstanding at end of period

 

24,135,926

 

 

 

24,001,125

 

 

 

23,984,800

 

 

 

23,966,191

 

 

 

23,961,214

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Book value per common share

$

13.12

 

 

$

12.70

 

 

$

12.34

 

 

$

12.05

 

 

$

11.71

 

Tangible book value per common share

$

13.12

 

 

$

12.70

 

 

$

12.34

 

 

$

12.05

 

 

$

11.71

 

 

 

 

15
EX-99.2 3 pdlb-ex99_2.htm EX-99.2

Slide 1

President & Chief Executive Officer Carlos P. Naudon Executive Vice President & Chief Financial Officer Sergio J. Vaccaro Exhibit 99.2 Presentation of

Slide 2

Cautionary 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 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. Forward Looking Statements The market and industry data used throughout this presentation is based, in part, on third-party sources, as indicated. Although management believes these third-party sources are reliable, they have not independently verified the information and cannot guarantee its accuracy and completeness. Market and Industry Data Copyright © 2026. All Right Reserved

Slide 3

Corporate Headquarters and Office Location Branch Locations On October 10, 2025, the Company wholly-owned subsidiary, Ponce Bank (formerly a federally chartered stock savings association), has completed its previously announced conversion to a national bank and commenced operations as Ponce Bank, National Association (the “Bank”).  In connection with the conversion of the Bank, the Company also commenced operations as a bank holding company as of the same date.  Further, the Company also became a financial holding company, which is an additional election that allows the Company to engage in activities that are financial in nature or incidental to a financial activity. Aim to provide long-term value to stakeholders by executing a safe and sound business strategy that produces increasing value. Number of full-time equivalent employees as of December 31, 2025, was 216 equating to $14.9 million in assets per employee. The Company provides a full range of financial services in a community-focused manner. Ticker NASDAQ: PDLB Established 1960 Headquarters Bronx, NY Branches 13 full-service branches, 3 loan production / representative offices and 1 ATM center Total Assets $3.22 billion (as of 12/31/25) Total Loans $2.60 billion (as of 12/31/25) Total Deposits $2.05 billion (as of 12/31/25) Earnings Per Share (Basic) $0.43 (for three months ended 12/31/25) Market Cap TBV Per Common Share* $395 million (as of 12/31/25) $13.12 (as of 12/31/25) Copyright © 2026. All Right Reserved (*) TBV Per Common Share is a Non-GAAP financial measure. Non-GAAP financial measures are not a substitute for GAAP financial measures. See the appendix of this presentation for a reconciliation to the most directly comparable GAAP financial measure.

Slide 4

Franchise Evolution 2015 - 2022 Carlos P. Naudon named President in 2015; CEO in 2018 Certified SBA lender Continued to remain focused on residential and commercial real estate Optimized real estate footprint by improving loan efficiency Certification as an MDI & CDFI Grew assets from $700 million to $2.3 billion Path to Conversion 2022 - Present Converted from Mutual Holding Company on January 27, 2022 PFG became a Bank Holding Company and a Financial Holding Company and Ponce Bank became a National Bank Established a robust capital base to continue executing on strategic initiatives Continued focusing on residential and commercial lending with an emphasis on technological integration Received low-cost funding Preferred Stock in the amount of $225 million from the ECIP Public Ownership 1960 - 2015 Established 65-year-old institution focused on residential and nonresidential lending Headquartered in the Bronx, NY with branch presence in the Bronx, Brooklyn, Queens, New Jersey, and Manhattan Grew assets from de novo to $700 million Mutual Bank Copyright © 2026. All Right Reserved

Slide 5

PFG Executive Management Executive Chairmanof the Board Steven A. Tsavaris Executive Vice President and Chief Lending Officer Ioannis Kouzilos Madeline V. Marquez President and Chief Executive Officer Carlos P. Naudon Executive Vice President and Chief Financial Officer Sergio J. Vaccaro Executive Vice President and Chief Operating Officer Luis G. Gonzalez Jr. Copyright © 2026. All Right Reserved 50+ years of experience Former President and CEO of Ponce De Leon Federal Savings Bank Former Chairman and CEO of PDLB Community Bancorp 15+ years of experience Former VP of Credit Administration Experienced at various financial institutions 50+ years of experience Retired Attorney and CPA Former Acting CEO and Director of Open Solutions, Inc., a fintech public company 25+ years of experience Former CFO of Private Bank Americas at HSBC Former US Head of FP&A at HSBC Former CFO of Home Loans at Morgan Stanley 17+ years of experience Former Bank Examiner Former Acting Assistant Deputy Comptroller, OCC Executive Vice President and Chief External Affairs Officer Executive Vice President and Chief Human Resources Officer Melissa DeLeon 15+ years of experience Former SVP of Human Resources Driver of people strategy Led culture transformation Retail banking operations expertise Executive Vice President and Chief Banking Officer Betty Campiz 15+ years of experience Former SVP of Digital Banking Led Ponce’s digital transformation (Salesforce, nCino) Extensive retail banking and CX expertise 25+ years of experience Former SVP of SBA & CDFI Initiatives Former Vice President at Business Initiative Corporation of New York Former Managing Director at Brooklyn Economic Development Corp.

Slide 6

Highlights – twelve months ended December 31, 2025 and 2024 Strong loan growth. Net loans receivable were $2.60 billion as of December 31, 2025, an increase of $312.7 million, or 13.7%, from December 31, 2024. Higher NIM and stable expenses YoY. Net interest margin at 3.29% for twelve months ended December 31, 2025, an increase of 0.59% from prior period. The non-interest expenses were $67.0 million for twelve months ended December 31, 2025, a decrease of $0.5 million from December 31, 2024. Strong deposit growth. Deposits were $2.05 billion as of December 31, 2025, an increase of $151.4 million, or 8.0%, from December 31, 2024. Increasing profitability. Net income available to common stockholders of $27.6 million, or $1.20 per diluted share for twelve months ended December 31, 2025. Copyright © 2026. All Right Reserved Twelve Month Highlight Overview YTD 2025 YTD 2024 Change % Net interest income $99.8M $76.5M 30.5% Net income available to common stockholders $27.6M $10.3M 166.9% Deposits $2.05B $1.90B 8.0% Net loans receivable $2.60B $2.29B 13.7% Earnings per diluted share $1.20 $0.46 160.9%

Slide 7

Our Vision Growing alongside fastest growing, best clients Reaching Capital Deployment Capabilities Qualify for ECIP disposition Grow core deposits, with an emphasis on cross-selling commercial customers, growing Ponce Direct, mission driven and specialty deposits Grow our loan portfolio and continue to enhance our participation capabilities Increase our utilization of technology Increase profitability and continue to manage expenses Robust capital position, inclusive of $225 million in ECIP funds provided by the U.S. Treasury Focused on growing loan book: Expanding CRE & Non-Residential Loans Stay with successful clients as they grow Low-Cost, Excess Capital - Ready to Deploy The Bank is designated as both a Community Development Financial Institution (CDFI) and a Minority Deposit Institution (MDI) MDI and CDFI Status; Mission Driven Business Model Aligns with ESG Completed the second-step in January 2022 Ability to return capital to shareholders – priorities De-Mutualization Opportunity The Company is well-positioned with a weighted average loan-to-value ratio of 53.0% as of December 31, 2025 Total CRE Loans comprise 393.0% of Risk Based Capital Financial Strength Strategies and Focus Growth Drivers Accelerating Loan Growth Through Deployment of Excess Capital CRE and Residential Markets – Single Family & Multi-family markets Net Interest Income Growth Upgrading electronic infrastructure Expanding digital banking services Creating greater resiliency, capacity, and redundancies Modernization Program Across Company Infrastructure Restructure/Refocus the retail business model Upgrade sales force Attract, develop and retain an engaged workforce Ensure risk management and controls are aligned with strategic priorities Manage credit risk to maintain a low level of nonperforming assets. Copyright © 2026. All Right Reserved 68% 95%

Slide 8

ECIP Disposition – Executed Agreement On December 20, 2024, PFG entered into an ECIP securities purchase option agreement with the US Department of the Treasury, allowing repurchase at a future date, subject to compliance with certain qualifications Determination of sale price: based on the dividend discount model While there can be no assurance as to the final repurchase price, the price could be as low as 6.86% under the current guidelines, (assuming a dividend rate of 0.50%, RFR of 4.79% (20 Yr Treasury as of 12/31/25), Beta of 0.50 and ERP of 5.00% and satisfaction of the deep impact condition) Impact of ~8.68 $ per share, under the above assumptions, $225 million ECIP, 24.1 million common shares outstanding The repurchase date could occur as soon as 3Q 2026, assuming satisfaction of the necessary conditions Status on progress: Have achieved 14 consecutive quarters with an 82% rate of deep impact lending (vs 60% requirement for 16 consecutive quarters to qualify for repurchase); strong level of originations from April 1st, 2025 to December 31st, 2025 ensure that our dividend yield will continue at the 0.50% level in the next dividend period starting in 2026. Copyright © 2026. All Right Reserved

Slide 9

Community Development Financial Institution The CDFI Program offers both Financial Assistance and Technical Assistance awards to CDFIs. These competitive awards support and enhance the ability of the Company to meet the needs of the communities they serve. Financial Assistance awards are made in the form of loans, grants, equity investments, and deposits, which CDFIs are required to match dollar-for-dollar with non-federal funds. This requirement enables the Company to multiply the impact of federal investment to meet the demand for affordable financial products in economically distressed communities. Technical Assistance grants are offered to CDFIs and Certifiable CDFIs to build their organizational capacity. Out of the 20 top CDFI Banks (in Total Assets): in housing focus in DLI-HMDA (% of housing lending in LMI communities) in total loans in total assets As a CDFI, the Company has received over $5 million in federal grants As of June 30, 2025, there were approximately 1,400 CDFI’s operating nationwide, but fewer than 200 are banks, and the Bank ranks amongst the largest The CDFI designation qualifies the Company for grants and capital opportunities such as the Emergency Capital Investment Program (ECIP), which the Company benefitted from in the form of a $225 million investment from the U.S. Treasury for Senior Non-Cumulative Perpetual Preferred Stock; only CDFIs and MDIs were able to participate in this program – it comes at no cost (to capital) for the first two years and includes rate reduction incentives after that with a cap of 2.00% Ponce Bank has won awards and mandates for community development and ranks as one of the largest and most housing focused CDFIs in the country. Rankings as of 2Q 2025 5th 6th Copyright © 2026. All Right Reserved

Slide 10

Minority Depository Institution One of 32 banks in the country designated as both an MDI and a CDFI. As of September 30, 2025, the FDIC recognized 156 MDIs across the United States and its territories, with collective assets of approximately $385 billion. As an MDI the Bank can provide financial services to and for underserved communities as designated by the federal government including African, Asian, Hispanic, and Native Americans. MDI designation allows the Bank to provide many benefits to low-to-moderate income communities, including access to credit, values-driven banking, international languages and locations, financial education, and community-specific services. Out of all the MDI Banks in Assets, the Bank ranks: Rankings as of 3Q 2025 The Bank is designated an MDI, classified under the Federal Deposit Insurance Corporation (FDIC). The FDIC defines an MDI as a federally insured depository institution for which (1) 51% or more of the voting stock is owned by minority individuals; or (2) majority of the board of directors is a minority and the community that the institution serves is predominantly minority. in total assets New York in total assets out of 156 MDIs 3rd 22nd Copyright © 2026. All Right Reserved

Slide 11

Appendix

Slide 12

Total Assets Total Deposits Financial Highlights (in thousands) Net Loans Revenue (NII + Non-interest income) & Non-interest expense Copyright © 2026. All Right Reserved

Slide 13

Appx. 1 Portfolio Composition 16.6% 32.5% 20.0% 28.8% 1-4 Family Residential Construction and Land Multifamily Residential Nonresidential Property $ 2,286,599 $ 2,599,258 $ 1,322,098 $ 1,525,668 $ 1,895,886 Loan Portfolio Growth (in thousands) Net Loans Receivable Loans Portfolio As of December 31, 2025 Other Copyright © 2026. All Right Reserved

Slide 14

Total Securities - as of December 31, 2025 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-Sale Securities: U.S. Government Bonds $2,999 $- $(20) $2,979 Corporate Bonds 13,501 - (738) 12,763 Mortgage-Backed Securities: Collateralized Mortgage Obligations¹ 30,839 - (4,493) 26,346 FHLMC Certificates 7,915 - (790) 7,125 FNMA Certificates 50,620 - (7,714) 42,906 GNMA Certificates 76 1 - 77 Total available-for-sale securities $105,950 $1 $(13,755) $92,196 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Held-to-Maturity Securities: Corporate Bonds $7,500 $36 $(138) $7,398 Mortgage-Backed Securities: Collateralized Mortgage Obligations¹ 160,786 100 (2,876) 158,010 FHLMC Certificates 3,133 22 (119) 3,036 FNMA Certificates 90,868 53 (1,453) 89,468 SBA Certificates 10,931 32 - 10,963 Allowance for Credit Losses (236) - - - Total available-for-sale securities $272,982 $243 $(4,586) $268,875 (1) Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities. (in thousand) (in thousand) Copyright © 2026. All Right Reserved

Slide 15

Actual Amount Ratio For Capital Adequacy Purposes Amount Ratio To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio December 31, 2025 (in thousands) Ponce Financial Group, Inc. Total Capital to Risk-Weighted Assets $ 579,833 23.72% $ 195,430 8.00% $ 244,287 10.00% Tier 1 Capital to Risk-Weighted Assets 552,260 22.59% 146,572 6.00% 195,430 8.00% Common Equity Tier 1 Capital Ratio 327,260 13.39% 109,929 4.50% 158,787 6.50% Tier 1 Capital to Total Assets 552,260 17.28% 127,825 4.00% 159,781 5.00% Ponce Bank Total Capital to Risk-Weighted Assets $ 543,076 21.63% $ 200,727 8.00% $ 250,909 10.00% Tier 1 Capital to Risk-Weighted Assets 515,502 20.53% 150,545 6.00% 200,727 8.00% Common Equity Tier 1 Capital Ratio 515,502 20.53% 112,909 4.50% 163,091 6.50% Tier 1 Capital to Total Assets 515,502 16.12% 127,945 4.00% 159,931 5.00% Actual Amount Ratio For Capital Adequacy Purposes Amount Ratio To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio December 31, 2024 (in thousands) Ponce Financial Group, Inc. Total Capital to Risk-Weighted Assets $ 546,128 22.98% $ 190,147 8.00% $ 212,878 10.00% Tier 1 Capital to Risk-Weighted Assets 520,796 21.91% 142,611 6.00% 170,302 8.00% Common Equity Tier 1 Capital Ratio 295,796 12.44% 106,958 4.50% 138,371 6.50% Tier 1 Capital to Total Assets 520,796 17.70% 117,715 4.00% 128,639 5.00% Ponce Bank Total Capital to Risk-Weighted Assets $ 507,632 21.47% $ 189,137 8.00% $ 211,441 10.00% Tier 1 Capital to Risk-Weighted Assets 482,300 20.40% 141,583 6.00% 169,153 8.00% Common Equity Tier 1 Capital Ratio 482,300 20.40% 106,390 4.50% 137,437 6.50% Tier 1 Capital to Total Assets 482,300 15.81% 122,011 4.00% 133,239 5.00% Regulatory Capital Ratios Copyright © 2026. All Right Reserved

Slide 16

Reconciliation to GAAP December 31, 2025 Common shares issued 24,886,711 Less treasury shares 750,785 Common shares outstanding at end of period 24,135,926 Total Equity $ 541,547,426 Common shares outstanding 24,135,926 Total equity per share - GAAP $ 22.44 Total Equity $ 541,547,426 Less Preferred Stock $ (225,000,000) Tangible book value $ 316,547,426 Tangible book value per common share -Non-GAAP $ 13.12 Copyright © 2026. All Right Reserved

Slide 17

Community Sponsorships and Donations Includes Sponsorships and Donations by the Company and the Ponce De Leon Foundation Sponsorships & Scholarships Small Business Bootcamp (PB$BB) Over 173 grants to charitable causes since 2017 $3.6 million was given to Ponce Bank Branch communities focusing on youth services, education, housing, healthcare, social services, senior services, economic development, and the Arts Ponce De Leon Foundation   Financial Mastery Workshops American Cancer Society Morris Heights Health Center Urban Youth Alliance Int Castle Hill Little League Southern Boulevard BID Phipps Neighborhood InHisName United YMCA of Greater NY Washington Heights BID Unique People Services Hostos Community College Foundation New Bronx Chamber of Commerce POINT Community Development Corp. Castle Hill BID Business Initiative Corporation Neighborhood SHOPP VIP Community Services Bronx Tourism Council NYS CDFI Coalition Part of the Solution, Inc Bronx Arts Ensemble Inc Bronx Overall Economic Development Corp Unique People Services Opportunities for a Better Tomorrow Union Settlement LSA Covid Relief Citivas LIFT Inc Hope Community AHRC Daniels Music Foundation NYC Hispanic Chamber Upper Manhattan Mental Health Center New Heights Youth Inc Emma’s Torch LTD Comite Noviembre RAICES Spanish Speaking Elderly Council Braata Productions MyTime Inc Brooklyn Hospital Foundation Brooklyn Children’s Museum CommonPoint Queens Immaculate Conception Catholic Academy Hellenic Orthodox Community of Astoria Greater Jamaica Development Corp Queens Economic Development Corporation Andromeda Community Initiative Inc Palisades Emergency Residence Corp Jersey City Theatre Center Inc Queens Women's Chamber of Commerce Union City Music Project First Jamaica Community & Urban Development Corp Forest Hills Chambers of Commerce Greater NY Chamber of Commerce Sharing and Caring Inc Educational Video Center The Possibility Project Chamber Of Commerce of Washington Heights and Inwood in Manhattan & MANY MORE Save Latin America NY Women Chamber of Commerce Women for Afghan Women Copyright © 2026. All Right Reserved Total 259 Sponsorships Over $558,,000 contributed in the communities we serve 22 Scholarships awarded 37 volunteer events, 146 volunteers Series 1 total registered 245, with 179 participants, and 66 graduated Series 2 total registered 63, with 54 participants, and 41 graduated Series 3 total registered 35, with 32 participants, and 26 graduated First Time Homebuyers Program Non-Profit Grassroots Program PB$BB Program Protect Your Legacy Program 74 sessions, 1,487 participants

Slide 18

NASDAQ: PDLB Thank you.