Ponce Financial Group, Inc.
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Ponce Financial Group, Inc. (PDLB) reported a net income of $8.6 million for its first quarter, with a profit of 36 cents per share. The company, headquartered in the Bronx, N.Y., also announced revenues of $50.7 million, with adjusted revenues reaching $30.3 million. This financial update indicates the company's performance for the quarter.
Ponce Financial Group reported a Q1 2026 net income of $8.6 million, with diluted EPS of $0.36, driven by a 27.13% year-over-year increase in net interest income to $28.2 million and a net interest margin of 3.61%. The company saw significant balance sheet growth, with net loans rising 3.82% quarter-over-quarter to $2.70 billion and deposits increasing 4.26% to $2.13 billion, while non-performing assets decreased. Despite a quarter-over-quarter dip in net income due to lower non-interest income and higher credit provisions, Ponce Financial maintained strong capital ratios and continued its positive historical earnings trend.
Ponce Financial Group's EVP Ioannis Kouzilos sold 10,929 shares for $183,716 but also acquired 11,929 shares through options exercises totaling $125,518 on February 11, 2026. Separately, Marlene Cintron, with extensive public policy and economic development experience, was appointed to Ponce Bank's Board of Directors to strengthen its leadership.
