NASDAQ : PDLB
Ponce Financial Group, Inc. — Financial statements
Financials · Banks - Regional · United States
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 187.33M | 162.51M | 130.51M | 95.81M | 69.86M | 65.53M |
| Interest Income on Investments | 19.31M | 23.01M | 32.12M | 30.06M | 12.89M | 1.57M |
| Total Interest Income | 206.64M | 185.53M | 162.64M | 125.87M | 82.75M | 67.10M |
| Interest Paid on Deposits | 64.93M | 65.11M | 58.69M | 35.14M | 9.95M | 5.67M |
| Interest Paid on Borrowings | 21.50M | 20.61M | 27.46M | 25.46M | 6.20M | 2.58M |
| Total Interest Expense | 86.43M | 85.71M | 86.16M | 60.60M | 16.15M | 8.25M |
| Net Interest Income | 120.21M | 99.81M | 76.48M | 65.27M | 66.60M | 58.85M |
| Gain (Loss) on Sale of Assets | -1.17M | -436.00K | 20.27M | |||
| Other Non-Interest Income | 8.46M | 8.39M | 6.02M | 9.62M | 6.11M | 9.10M |
| Total Non-Interest Income | 7.90M | 9.41M | 7.21M | 10.22M | 6.42M | 34.64M |
| Revenues Before Loan Losses | 128.11M | 109.22M | 83.69M | 75.49M | 73.02M | 93.48M |
| Provision for Loan Losses | 8.10M | 3.78M | 551.00K | 3.28M | 24.05M | 2.72M |
| Revenue | 120.01M | 105.44M | 83.14M | 72.20M | 48.98M | 90.77M |
| Salaries and Employee Benefits | 32.20M | 27.23M | 27.36M | 27.67M | 24.98M | 20.46M |
| Occupancy Expenses | 11.04M | 11.35M | 10.61M | 10.29M | 9.40M | 8.99M |
| Federal Deposit Insurance | 1.41M | 1.37M | 1.63M | 1.47M | 704.00K | |
| Selling, General & Administrative | 20.32M | 20.35M | 20.11M | 21.83M | 19.36M | 18.66M |
| Other Non-Interest Expense | 6.28M | 6.71M | 7.75M | 5.09M | 26.39M | 9.03M |
| Total Non-Interest Expense | 71.25M | 67.01M | 67.46M | 66.35M | 85.82M | 57.14M |
| EBT Excluding Unusual Items | 48.76M | 38.43M | 15.69M | 5.85M | -36.85M | 33.62M |
| Pretax Income | 48.76M | 38.43M | 15.69M | 5.85M | -36.85M | 33.62M |
| Income Tax Expense | 3.26M | 9.73M | 4.71M | 2.50M | -6.84M | 8.21M |
| Net Income | 45.50M | 28.70M | 10.97M | 3.35M | -30.00M | 25.41M |
| Preferred Dividends & Other Adjustments | 1.12M | 1.12M | 638.00K | |||
| Net Income to Common | 44.38M | 27.58M | 10.33M | 3.35M | -30.00M | 25.41M |
| Basic Shares Outstanding | 22.99M | 22.75M | 22.43M | 22.75M | 22.69M | 16.74M |
| Diluted Shares Outstanding | 23.44M | 23.06M | 22.55M | 22.82M | 22.69M | 16.79M |
| EPS (Basic) | 1.93 | 1.21 | 0.46 | 0.15 | -1.32 | 1.52 |
| EPS (Diluted) | 1.90 | 1.20 | 0.46 | 0.15 | -1.32 | 1.51 |
| Effective Tax Rate | 6.68% | 25.31% | 30.05% | 42.73% | 24.41% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 132.21M | 126.15M | 139.84M | 139.19M | 54.36M | 153.89M |
| Investment Securities | 254.56M | 23.25M | 80.81M | 133.80M | 145.04M | 26.61M |
| Trading Asset Securities | 22.00K | 172.00K | ||||
| Mortgage-Backed Securities | 66.34M | 342.17M | 392.35M | 448.10M | 496.78M | 90.16M |
| Total Investments | 320.90M | 365.43M | 473.16M | 581.90M | 641.84M | 116.94M |
| Gross Loans | 3.12B | 2.62B | 2.31B | 1.92B | 1.53B | 1.32B |
| Allowance for Loan Losses | -29.17M | -25.45M | -22.50M | -26.15M | -34.59M | -16.35M |
| Other Adjustments to Gross Loans | -5.13M | -668.00K | ||||
| Net Loans | 3.08B | 2.60B | 2.29B | 1.90B | 1.49B | 1.31B |
| Property, Plant & Equipment | 37.26M | 43.22M | 45.89M | 47.33M | 50.87M | 19.62M |
| Loans Held for Sale | 3.70M | 3.39M | 10.74M | 9.98M | 1.98M | 15.84M |
| Accrued Interest Receivable | 21.62M | 17.91M | 17.77M | 18.01M | 15.05M | 12.36M |
| Long-Term Deferred Tax Assets | 25.77M | 11.50M | 12.07M | 14.33M | 16.14M | 3.82M |
| Other Long-Term Assets | 30.05M | 27.81M | 24.69M | 24.72M | 13.97M | 19.96M |
| Total Assets | 3.69B | 3.22B | 3.04B | 2.75B | 2.31B | 1.65B |
| Interest Bearing Deposits | 1.92B | 1.64B | 1.52B | 1.15B | 856.93M | 851.31M |
| Institutional Deposits | 202.70M | 202.50M | 204.29M | 167.53M | 106.34M | 78.45M |
| Non-Interest Bearing Deposits | 244.86M | 208.25M | 169.18M | 185.15M | 289.15M | 274.96M |
| Total Deposits | 2.37B | 2.05B | 1.90B | 1.51B | 1.25B | 1.20B |
| Short-Term Borrowings | 27.00M | 4.43M | 6.00M | 15.09M | ||
| Current Portion of Long-Term Debt | 225.00M | 100.00M | 178.38M | 77.88M | ||
| Current Portion of Leases | 4.03M | |||||
| Accrued Interest Payable | 3.86M | 3.79M | 3.71M | 11.96M | 1.39M | 228.00K |
| Long-Term Debt | 304.02M | |||||
| Federal Home Loan Bank Debt, Long-Term | 696.10M | 371.10M | 471.10M | 380.40M | 333.00M | 28.38M |
| Long-Term Leases | 28.17M | 25.33M | 30.70M | 32.68M | 34.53M | |
| Other Long-Term Liabilities | 12.58M | 6.54M | 6.71M | 18.20M | 13.58M | 137.97M |
| Total Liabilities | 3.11B | 2.68B | 2.53B | 2.26B | 1.82B | 1.46B |
| Preferred Stock, Redeemable | 225.00M | 225.00M | 225.00M | 225.00M | 225.00M | |
| Common Stock | 249.00K | 249.00K | 249.00K | 249.00K | 249.00K | 185.00K |
| Additional Paid-In Capital | 211.32M | 208.60M | 207.32M | 207.11M | 206.51M | 85.60M |
| Retained Earnings | 169.85M | 135.33M | 107.75M | 97.42M | 92.95M | 122.96M |
| Treasury Stock | -5.74M | -6.16M | -7.71M | -9.75M | -2.00K | -13.69M |
| Comprehensive Income & Other | -22.42M | -21.47M | -27.11M | -28.63M | -32.01M | -5.80M |
| Total Common Equity | 353.26M | 316.55M | 280.50M | 266.39M | 267.70M | 189.26M |
| Shareholders' Equity | 578.26M | 541.55M | 505.50M | 491.39M | 492.70M | 189.26M |
| Total Liabilities & Equity | 3.69B | 3.22B | 3.04B | 2.75B | 2.31B | 1.65B |
| Total Debt | 724.27M | 625.45M | 628.80M | 721.54M | 551.91M | 121.34M |
| Net Cash (Debt) | -591.81M | -499.05M | -488.71M | -582.10M | -496.03M | 35.21M |
| Net Cash Per Share | -25.25 | -21.64 | -21.67 | -25.51 | -21.86 | 2.10 |
| Filing Date Shares Outstanding | 24.19M | 24.16M | 23.97M | 22.35M | 23.29M | 24.72M |
| Total Common Shares Outstanding | 24.19M | 22.97M | 22.66M | 22.35M | 23.29M | 23.71M |
| Book Value Per Share | 14.60 | 13.78 | 12.38 | 11.92 | 11.49 | 7.98 |
| Tangible Book Value | 353.26M | 316.55M | 280.50M | 266.39M | 267.70M | 189.26M |
| Tangible Book Value Per Share | 14.60 | 13.78 | 12.38 | 11.92 | 11.49 | 7.98 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 28.70M | 10.97M | 3.35M | -30.00M | 25.41M | |
| Depreciation & Amortization | 4.82M | 4.74M | 4.53M | 4.27M | 2.47M | |
| Gain (Loss) on Sale of Assets | 436.00K | -20.27M | ||||
| Gain (Loss) on Sale of Investments | -56.00K | -121.00K | -118.00K | 320.00K | -52.00K | |
| Provision for Credit Losses | 3.78M | 1.13M | -508.00K | 41.99M | 2.72M | |
| Accrued Interest Receivable | -134.00K | 239.00K | -2.96M | -2.69M | -966.00K | |
| Change in Other Net Operating Assets | 15.91M | -6.01M | -12.10M | -499.00K | 5.08M | |
| Other Operating Activities | -634.00K | 2.17M | 1.26M | -7.94M | 1.26M | |
| Operating Cash Flow | 55.59M | 7.21M | 6.49M | 9.80M | 18.55M | |
| Capital Expenditures | -978.00K | -2.72M | -411.00K | -492.00K | -4.17M | |
| Investment in Securities | 113.45M | 109.49M | 62.20M | -546.00M | -96.74M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -321.37M | -391.88M | -399.97M | -211.91M | -148.28M | |
| Other Investing Activities | -10.82M | -9.79M | 5.27M | -18.66M | 425.00K | |
| Investing Cash Flow | -219.72M | -294.90M | -332.91M | -777.06M | -211.14M | |
| Long-Term Debt Issued | 167.05M | 411.12M | ||||
| Total Debt Issued | 167.05M | 411.12M | ||||
| Short-Term Debt Repaid | -15.09M | -14.87M | ||||
| Long-Term Debt Repaid | -88.32M | -11.00M | ||||
| Total Debt Repaid | -88.32M | -15.09M | -25.87M | |||
| Net Debt Issued (Repaid) | -88.32M | 167.05M | 396.03M | -25.87M | ||
| Issuance of Common Stock | 142.00K | 2.00K | 4.74M | |||
| Repurchase of Common Stock | -11.01M | -1.61M | ||||
| Preferred Stock Issued | 225.00M | |||||
| Preferred Dividends Paid | -1.12M | -588.00K | ||||
| Total Dividends Paid | -1.12M | -588.00K | ||||
| Net Increase (Decrease) in Deposit Accounts | 151.42M | 377.24M | 255.21M | 47.70M | 175.14M | |
| Other Financing Activities | -1.00M | 122.00M | ||||
| Financing Cash Flow | 150.44M | 288.33M | 411.25M | 667.73M | 274.40M | |
| Net Cash Flow | -13.69M | 649.00K | 84.83M | -99.53M | 81.82M | |
| Free Cash Flow | 54.62M | 4.49M | 6.08M | 9.31M | 14.38M | |
| Free Cash Flow Margin | 51.80% | 5.41% | 8.42% | 19.00% | 15.85% | |
| Free Cash Flow Per Share | 2.37 | 0.20 | 0.27 | 0.41 | 0.86 | |
| Cash Interest Paid | 85.64M | 94.41M | 50.03M | 14.99M | 8.08M | |
| Cash Income Tax Paid | 8.46M | 2.18M | 1.01M | 173.00K | 5.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 542.78M | 372.77M | 292.42M | 216.52M | 215.58M | 244.13M |
| Last Close Price | 22.44 | 16.35 | 13.00 | 9.76 | 9.32 | 10.39 |
| PE Ratio | 11.82 | 13.52 | 28.30 | 64.59 | 9.61 | |
| PS Ratio | 4.52 | 3.54 | 3.52 | 3.00 | 4.40 | 2.69 |
| PB Ratio | 1.54 | 0.69 | 0.58 | 0.44 | 0.44 | 1.29 |
| P/FCF Ratio | 9.42 | 6.83 | 65.07 | 35.60 | 23.16 | 16.98 |
| P/OCF Ratio | 9.32 | 6.71 | 40.55 | 33.35 | 22.00 | 13.16 |
| Debt / Equity Ratio | 1.25 | 1.16 | 1.24 | 1.47 | 1.12 | 0.64 |
| Debt / FCF Ratio | 11.45 | 139.92 | 118.64 | 59.30 | 8.44 | |
| Net Debt / Equity Ratio | 1.02 | 0.92 | 0.97 | 1.19 | 1.01 | -0.19 |
| Net Debt / FCF Ratio | 9.14 | 108.75 | 95.71 | 53.30 | -2.45 | |
| Return on Equity (ROE) | 8.21% | 5.48% | 2.20% | 0.68% | -8.80% | 14.57% |
| Return on Assets (ROA) | 1.33% | 0.92% | 0.38% | 0.13% | -1.51% | 1.69% |
| Earnings Yield | 8.46% | 7.70% | 3.75% | 1.55% | -13.92% | 10.41% |
| FCF Yield | 10.62% | 14.65% | 1.54% | 2.81% | 4.32% | 5.89% |
| Payout Ratio | 3.92% | 5.36% | ||||
| Buyback Yield / Dilution | -2.15% | -2.26% | 1.19% | -0.58% | -35.13% | 27.86% |