Ponce Financial Group, Inc. (PDLB) reported third‑quarter 2025 results on October 24, 2025, with net income of $6.5 million and diluted earnings per share of $0.77, up from $6.1 million and $0.71 in the prior quarter and $2.4 million and $0.28 in the same period a year earlier. Net interest income rose to $25.2 million, a 3.37 % increase from the June quarter and a 32.72 % increase from September 2024, while the net interest margin improved to 3.30 % from 3.27 % in the prior quarter and 3.18 % in the same period last year.
Non‑interest income declined to $1.5 million, a 27.57 % drop from the June quarter but a 29.63 % rise versus September 2024. Non‑interest expense was $16.6 million, essentially flat from the prior quarter, and the credit‑loss provision was $1.4 million, down from $1.6 million in the June quarter. The company’s credit quality metrics improved, with total non‑performing assets at $32.4 million versus $28.5 million at June 30, 2025.
On the balance‑sheet side, total assets increased to $3.16 billion, a 3.85 % rise from $3.04 billion at December 31, 2024, driven largely by a $203.4 million increase in net loans receivable. Deposits grew to $2.63 billion, up 3.66 % from $2.53 billion, while stockholders’ equity rose to $529.8 million, a 4.81 % increase from $505.5 million. The company’s liquidity position remained strong, with cash and cash equivalents at $6.7 million and a modest increase in other assets.
Management highlighted several strategic milestones: the opening of a new Inwood branch, the conversion of Ponce Bank to a national bank, and a deep‑impact lending rate of 81 % over the past 13 quarters, well above the 60 % threshold required for the ECIP preferred‑stock buyback. The nine‑month net income of $18.6 million, up $10.5 million from the same period in 2024, underscores the company’s continued profitability momentum. These results reinforce PDLB’s position as a community‑focused lender with expanding digital capabilities and a solid capital base.
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