Ponce Financial Group, Inc 8-K, filed Oct 26, 2026

Ponce Financial Group, Inc. (PDLB)

8-K 2026-10-26 For: 2026-10-26

Added on October 26, 2026

About this 8-K

Ponce Financial Group, Inc filed this 8-K on October 26, 2026.

Ponce Financial Group reported third-quarter 2026 net income available to common stockholders of $18.0 million, or $0.76 per diluted share. Net interest income rose 13.07% to $34.0 million, while net interest margin reached 3.86%. AI summary

Items reported

Item 2.01: Completed an acquisition or sale of assets
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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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)


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


Exhibit Number		Description

99.1		Press release dated October 26, 2026
99.2		Presentation of Ponce Financial Group
104		Cover Page Interactive Data File (embedded within the Inline XBRL)


			Ponce Financial Group, Inc.

Date:	October 26, 2026	By:	/s/ Carlos P. Naudon
			Carlos P. Naudon President and Chief Executive Officer


	At or for the Three Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,
	2026			2026			2026			2025			2025
Performance Ratios:
Return on average assets (1)		1.99	%		1.00	%		1.07	%		1.26	%		0.82	%
Return on common equity (1)		20.18	%		9.81	%		10.37	%		12.50	%		8.10	%
Net interest margin (1) (2)		3.86	%		3.66	%		3.61	%		3.57	%		3.30	%
Non-interest expense to average assets (1)		2.13	%		2.14	%		2.14	%		2.06	%		2.10	%
Efficiency ratio (3)		55.21	%		57.41	%		56.96	%		52.95	%		62.15	%
Capital Ratios:
Total capital to risk-weighted assets (Ponce Financial Group)		18.66	%		20.00	%		21.23	%		23.00	%		24.08	%
Common equity Tier 1 capital to risk-weighted assets (Ponce Financial Group)		10.93	%		11.51	%		12.11	%		12.98	%		13.39	%
Tier 1 capital to total assets (Ponce Financial Group)		16.46	%		16.85	%		17.22	%		17.27	%		17.33	%
Total capital to risk-weighted assets (Bank only)		16.98	%		18.88	%		20.00	%		21.63	%		21.79	%
Common equity Tier 1 capital to risk-weighted assets (Bank only)		15.98	%		17.87	%		18.97	%		20.53	%		20.66	%
Tier 1 capital to total assets (Bank only)		14.85	%		15.81	%		16.09	%		16.12	%		16.08	%
Asset Quality Ratios:
Allowance for credit losses on loans as a percentage of total loans		0.94	%		0.95	%		0.96	%		0.97	%		0.98	%
Allowance for credit losses on loans as a percentage of nonperforming loans		156.85	%		116.91	%		128.93	%		94.74	%		88.88	%
Net (charge-offs) recoveries to average outstanding loans (1)		(0.05	%)		(0.05	%)		(0.08	%)		(0.13	%)		(0.03	%)
Non-performing assets as a percentage of total assets		0.50	%		0.67	%		0.62	%		0.83	%		0.88	%
Other:
Number of offices		17			17			17			17			18
Number of full-time equivalent employees		236			229			218			216			209

Ponce Financial Group, Inc 8-K, filed Oct 26, 2026

About this 8-K

Items reported

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

Item 9.01 Financial Statements and Exhibits.



	As of
	September 30,			June 30,			March 31,			December 31,			September 30,
	2026			2026			2026			2025			2025
ASSETS
Cash and due from banks:
Cash	$	27,725		$	25,567		$	27,429		$	28,511		$	29,296
Interest-bearing deposits		104,486			114,443			89,817			97,643			117,283
Total cash and cash equivalents		132,211			140,010			117,246			126,154			146,579
Available-for-sale securities, at fair value		79,475			84,774			87,150			92,196			94,822
Held-to-maturity securities, at amortized cost		241,176			253,616			263,514			272,982			285,125
Placement with banks		249			249			249			249			249
Mortgage loans held for sale, at fair value		3,701			3,050			2,127			3,388			5,794
Loans receivable, net		3,081,101			2,879,740			2,698,649			2,599,258			2,490,046
Accrued interest receivable		21,624			19,939			19,274			17,905			18,903
Premises and equipment, net		10,924			14,645			15,159			15,638			16,129
Right of use assets		26,331			27,055			27,633			27,583			28,295
Federal Home Loan Bank of New York stock (FHLBNY), at cost		34,064			30,689			28,180			29,309			25,945
Federal Reserve Bank of New York stock (FRBNY), at cost		10,725			10,714			10,706			10,698			—
Deferred tax assets		25,770			12,979			11,729			11,501			12,402
Other assets		19,326			17,251			19,141			17,109			32,790
Total assets	$	3,686,677		$	3,494,711		$	3,300,757		$	3,223,970		$	3,157,079
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits	$	2,367,708		$	2,271,809		$	2,133,795		$	2,046,635		$	2,063,081
Borrowings		696,100			621,100			571,100			596,100			521,100
Operating lease liabilities		28,171			28,874			29,429			29,353			30,028
Accrued interest payable		3,862			3,837			4,338			3,788			4,372
Other liabilities		12,576			8,121			10,732			6,545			8,663
Total liabilities		3,108,417			2,933,741			2,749,394			2,682,421			2,627,244
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		(5,738	)		(5,738	)		(5,738	)		(6,164	)		(7,270	)
Additional paid-in-capital		211,317			210,339			209,219			208,604			208,909
Retained earnings		169,855			151,887			143,674			135,332			125,477
Accumulated other comprehensive loss		(12,645	)		(10,698	)		(10,680	)		(10,820	)		(11,586	)
Unearned compensation ─ ESOP		(9,778	)		(10,069	)		(10,361	)		(10,652	)		(10,944	)
Total stockholders' equity		578,260			560,970			551,363			541,549			529,835
Total liabilities and stockholders' equity	$	3,686,677		$	3,494,711		$	3,300,757		$	3,223,970		$	3,157,079


	Three Months Ended
	September 30,			June 30,		March 31,		December 31,		September 30,
	2026			2026		2026		2025		2025
Interest and dividend income:
Interest on loans receivable	$	52,910		$	46,835	$	43,982	$	43,599	$	41,486
Interest on deposits due from banks		901			954		770		1,209		978
Interest and dividend on securities and FHLBNY stock		3,693			3,863		3,910		4,013		4,383
Total interest and dividend income		57,504			51,652		48,662		48,821		46,847
Interest expense:
Interest on certificates of deposit		7,313			6,785		6,415		6,706		6,553
Interest on other deposits		10,430			9,544		8,630		9,106		9,996
Interest on borrowings		5,772			5,262		5,391		5,075		5,050
Total interest expense		23,515			21,591		20,436		20,887		21,599
Net interest income		33,989			30,061		28,226		27,934		25,248
Provision for credit losses		3,219			2,148		1,656		1,078		1,364
Net interest income after provision for credit losses		30,770			27,913		26,570		26,856		23,884
Non-interest income:
Service charges and fees		611			600		539		542		539
Brokerage commissions		—			—		—		23		8
Late and prepayment charges		232			138		726		1,173		385
Income on sale of mortgage loans		188			161		120		139		166
Grant income		—			—		—		428		429
Loss on real property		(1,166	)		—		—		—		—
Other		985			628		657		1,174		(35	)
Total non-interest income		850			1,527		2,042		3,479		1,492
Non-interest expense:
Compensation and benefits		10,509			9,070		8,663		8,113		7,868
Occupancy and equipment		3,879			3,901		3,672		4,033		3,934
Data processing expenses		1,202			1,195		1,219		1,223		1,296
Direct loan expenses		89			187		121		116		155
Insurance and surety bond premiums		332			332		333		324		318
Office supplies, telephone and postage		147			152		193		186		170
Professional fees		1,305			1,470		1,346		1,392		1,409
Marketing and promotional expenses		144			190		228		94		184
Federal deposit insurance and regulatory assessment		495			408		409		97		266
Other operating expenses		1,134			1,230		1,056		1,056		1,018
Total non-interest expense		19,236			18,135		17,240		16,634		16,618
Income before income taxes		12,384			11,305		11,372		13,701		8,758
(Benefit) provision for income taxes		(5,865	)		2,810		2,749		3,565		2,250
Net income	$	18,249		$	8,495	$	8,623	$	10,136	$	6,508
Dividends on preferred shares		281			282		281		281		281
Net income available to common stockholders	$	17,968		$	8,213	$	8,342	$	9,855	$	6,227
Earnings per common share:
Basic	$	0.78		$	0.36	$	0.36	$	0.43	$	0.27
Diluted	$	0.76		$	0.35	$	0.36	$	0.42	$	0.27
Weighted average common shares outstanding:
Basic		23,086,892			23,053,460		22,988,317		22,837,044		22,766,195
Diluted		23,650,370			23,508,153		23,331,314		23,263,708		23,135,448


	For the Nine Months Ended September 30,
	2026			2025		Variance $			Variance %
Interest and dividend income:
Interest on loans receivable	$	143,727		$	118,913	$	24,814			20.87	%
Interest on deposits due from banks		2,625			3,453		(828	)		(23.98	%)
Interest and dividend on securities and FHLBNY stock		11,466			14,338		(2,872	)		(20.03	%)
Total interest and dividend income		157,818			136,704		21,114			15.45	%
Interest expense:
Interest on certificates of deposit		20,513			21,689		(1,176	)		(5.42	%)
Interest on other deposits		28,604			27,608		996			3.61	%
Interest on borrowings		16,425			15,530		895			5.76	%
Total interest expense		65,542			64,827		715			1.10	%
Net interest income		92,276			71,877		20,399			28.38	%
Provision for credit losses		7,023			2,705		4,318			159.63	%
Net interest income after provision for credit losses		85,253			69,172		16,081			23.25	%
Non-interest income:
Service charges and fees		1,750			1,575		175			11.11	%
Brokerage commissions		—			12		(12	)		(100.00	%)
Late and prepayment charges		1,096			1,612		(516	)		(32.01	%)
Income on sale of mortgage loans		469			483		(14	)		(2.90	%)
Income on sale of SBA loans		—			404		(404	)		(100.00	%)
Grant income		—			857		(857	)		(100.00	%)
Loss on real property		(1,166	)		—		(1,166	)		—	%
Other		2,270			990		1,280			129.29	%
Total non-interest income		4,419			5,933		(1,514	)		(25.52	%)
Non-interest expense:
Compensation and benefits		28,242			23,275		4,967			21.34	%
Occupancy and equipment		11,452			11,754		(302	)		(2.57	%)
Data processing expenses		3,616			3,636		(20	)		(0.55	%)
Direct loan expenses		397			784		(387	)		(49.36	%)
Insurance and surety bond premiums		997			930		67			7.20	%
Office supplies, telephone and postage		492			514		(22	)		(4.28	%)
Professional fees		4,121			4,140		(19	)		(0.46	%)
Marketing and promotional expenses		562			533		29			5.44	%
Federal deposit insurance and regulatory assessments		1,312			1,273		39			3.06	%
Other operating expenses		3,420			3,536		(116	)		(3.28	%)
Total non-interest expense		54,611			50,375		4,236			8.41	%
Income before income taxes		35,061			24,730		10,331			41.78	%
(Benefit) provision for income taxes		(306	)		6,163		(6,469	)		(104.97	%)
Net income	$	35,367		$	18,567	$	16,800			90.48	%
Dividends on preferred shares		844			844		—			—	%
Net income available to common stockholders	$	34,523		$	17,723	$	16,800			94.79	%
Earnings per common share:
Basic	$	1.50		$	0.78	$	0.72			92.31	%
Diluted	$	1.47		$	0.77	$	0.70			90.91	%
Weighted average common shares outstanding:
Basic		23,043,250			22,715,620		327,630			1.44	%
Diluted		23,496,728			22,992,655		504,073			2.19	%


	For the Three Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,
	2026			2026			2026			2025			2025
	(Dollars in thousands)
Allowance for credit losses on loans at beginning of the period	$	27,554		$	26,238		$	25,449		$	24,764		$	24,100
Provision for credit losses on loans		1,996			1,669			1,293			1,526			864
Charge-offs:
Mortgage loans:
1-4 family residential		(5	)		—			—			(32	)		—
Multifamily residences		(65	)		—			—			—			—
Non-mortgage loans:
Business		(317	)		(354	)		(504	)		(801	)		(200	)
Consumer		—			—			—			(44	)		—
Total charge-offs		(387	)		(354	)		(504	)		(877	)		(200	)
Recoveries:
Mortgage loans:
1-4 family residential		—			1			—			1			—
Non-mortgage loans:
Business		5			—			—			35			—
Total recoveries		5			1			—			36			—
Net (charge-offs) recoveries		(382	)		(353	)		(504	)		(841	)		(200	)
Allowance for credit losses on loans at end of the period	$	29,168		$	27,554		$	26,238		$	25,449		$	24,764


	For the Three Months Ended September 30,
	2026					2025
	Average					Average
	Outstanding				Average	Outstanding				Average
	Balance		Interest		Yield/Rate (1)	Balance		Interest		Yield/Rate (1)
	(Dollars in thousands)
Interest-earning assets:
Loans (2)	$	3,025,085	$	52,910	6.94%	$	2,499,268	$	41,486	6.59%
Securities (3)		332,919		3,067	3.65%		418,513		3,913	3.71%
Other (4)		133,827		1,527	4.53%		119,262		1,448	4.82%
Total interest-earning assets		3,491,831		57,504	6.53%		3,037,043		46,847	6.12%
Non-interest-earning assets		97,667					96,095
Total assets	$	3,589,498				$	3,133,138
Interest-bearing liabilities:
NOW/IOLA	$	76,801	$	145	0.75%	$	78,526	$	137	0.69%
Money market		1,109,784		10,254	3.67%		958,277		9,831	4.07%
Savings		119,109		31	0.10%		119,159		28	0.09%
Certificates of deposit		794,477		7,313	3.65%		698,019		6,553	3.72%
Total deposits		2,100,171		17,743	3.35%		1,853,981		16,549	3.54%
Borrowings		624,361		5,772	3.67%		521,100		5,050	3.84%
Total interest-bearing liabilities		2,724,532		23,515	3.42%		2,375,081		21,599	3.61%
Non-interest-bearing liabilities:
Non-interest-bearing demand		251,823		—			199,922		—
Other non-interest-bearing liabilities		43,730		—			31,406		—
Total non-interest-bearing liabilities		295,553		—			231,328		—
Total liabilities		3,020,085		23,515			2,606,409		21,599
Total equity		569,413					526,729
Total liabilities and total equity	$	3,589,498			3.42%	$	3,133,138			3.61%
Net interest income			$	33,989				$	25,248
Net interest rate spread (5)					3.11%					2.51%
Net interest-earning assets (6)	$	767,299				$	661,962
Net interest margin (7)					3.86%					3.30%
Average interest-earning assets to interest-bearing liabilities					128.16%					127.87%


	As of
	September 30,						June 30,						March 31,						December 31,						September 30,
	2026						2026						2026						2025						2025
	Amount			Percent			Amount			Percent			Amount			Percent			Amount			Percent			Amount			Percent
	(Dollars in thousands)
Mortgage loans:
1-4 family residential	$	413,064			13.26	%	$	426,343			14.65	%	$	431,377			15.82	%	$	434,374			16.54	%	$	444,602			17.67	%
Multifamily residential		1,051,642			33.76	%		1,057,612			36.35	%		915,333			33.58	%		756,542			28.83	%		688,574			27.39	%
Nonresidential properties		557,449			17.89	%		535,521			18.41	%		534,256			19.60	%		526,210			20.05	%		436,175			17.35	%
Construction and land		1,016,809			32.64	%		817,151			28.08	%		763,990			28.03	%		854,096			32.54	%		886,369			35.25	%
Total mortgage loans		3,038,964			97.55	%		2,836,627			97.49	%		2,644,956			97.03	%		2,571,222			97.96	%		2,455,720			97.66	%
Non-mortgage loans:
Business loans		75,852			2.43	%		72,438			2.49	%		80,366			2.95	%		53,063			2.02	%		58,012			2.31	%
Consumer loans		581			0.02	%		577			0.02	%		596			0.02	%		625			0.02	%		727			0.03	%
Total non-mortgage loans		76,433			2.45	%		73,015			2.51	%		80,962			2.97	%		53,688			2.04	%		58,739			2.34	%
Total loans, gross		3,115,397			100.00	%		2,909,642			100.00	%		2,725,918			100.00	%		2,624,910			100.00	%		2,514,459			100.00	%
Net deferred loan origination fees		(5,128	)					(2,348	)					(1,031	)					(203	)					351
Allowance for credit losses on loans		(29,168	)					(27,554	)					(26,238	)					(25,449	)					(24,764	)
Loans, net	$	3,081,101					$	2,879,740					$	2,698,649					$	2,599,258					$	2,490,046


	As of
	September 30,					June 30,					March 31,					December 31,					September 30,
	2026					2026					2026					2025					2025
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
	(Dollars in thousands)
Demand	$	244,860		10.34	%	$	251,919		11.10	%	$	241,012		11.29	%	$	208,250		10.18	%	$	192,595		9.34	%
Interest-bearing deposits:
NOW/IOLA accounts		76,392		3.23	%		71,987		3.17	%		78,192		3.66	%		84,012		4.10	%		75,051		3.64	%
Money market accounts		898,719		37.96	%		929,002		40.89	%		811,982		38.05	%		779,532		38.09	%		821,844		39.84	%
Reciprocal deposits		188,016		7.94	%		164,883		7.26	%		162,926		7.64	%		152,630		7.46	%		154,548		7.49	%
Savings accounts		118,727		5.01	%		115,233		5.07	%		118,373		5.55	%		117,708		5.75	%		117,401		5.69	%
Total NOW, money market, reciprocal and savings accounts		1,281,854		54.14	%		1,281,105		56.39	%		1,171,473		54.90	%		1,133,882		55.40	%		1,168,844		56.66	%
Certificates of deposit of $250K or more		202,702		8.56	%		194,462		8.56	%		258,093		12.10	%		202,500		9.89	%		209,819		10.17	%
Brokered certificates of deposit (1)		144,569		6.11	%		94,557		4.16	%		54,553		2.56	%		67,942		3.32	%		67,952		3.29	%
Listing service deposits (1)		994		0.04	%		994		0.04	%		1,243		0.06	%		4,150		0.20	%		4,150		0.20	%
All other certificates of deposit less than $250K		492,729		20.81	%		448,772		19.75	%		407,421		19.09	%		429,911		21.01	%		419,721		20.34	%
Total certificates of deposit		840,994		35.52	%		738,785		32.51	%		721,310		33.81	%		704,503		34.42	%		701,642		34.00	%
Total interest-bearing deposits		2,122,848		89.66	%		2,019,890		88.90	%		1,892,783		88.71	%		1,838,385		89.82	%		1,870,486		90.66	%
Total deposits	$	2,367,708		100.00	%	$	2,271,809		100.00	%	$	2,133,795		100.00	%	$	2,046,635		100.00	%	$	2,063,081		100.00	%


	As of
	September 30,			June 30,			March 31,			December 31,			September 30,
	2026			2026			2026			2025			2025
	(Dollars in thousands)
Non-accrual loans:
Mortgage loans:
1-4 family residential	$	2,767		$	5,843		$	3,158		$	4,427		$	3,176
Multifamily residential		11,100			12,133			9,228			13,112			14,202
Nonresidential properties		—			—			—			—			—
Construction and land		4,100			5,040			7,061			8,247			8,907
Non-mortgage loans:
Business		146			77			427			667			880
Consumer		—			—			—			—			—
Total non-accrual loans (not including non-accruing modifications to borrowers experiencing financial difficulty) (1)	$	18,113		$	23,093		$	19,874		$	26,453		$	27,165

Non-accruing modifications to borrowers experiencing financial difficulty (1):
Mortgage loans:
1-4 family residential		483			475			477			410			698
Total non-accruing modifications to borrowers experiencing financial difficulty (1)		483			475			477			410			698
Total non-performing assets (2)	$	18,596		$	23,568		$	20,351		$	26,863		$	27,863

Accruing modifications to borrowers experiencing financial difficulty (1):
Mortgage loans:
1-4 family residential		2,431			2,456			2,481			2,574			3,725
Nonresidential properties		598			618			613			621			629
Non-mortgage loans:
Business		168			175			185			190			196
Total accruing modifications to borrowers experiencing financial difficulty (1)	$	3,197		$	3,249		$	3,279		$	3,385		$	4,550
Total non-performing assets and accruing modifications to borrowers experiencing financial difficulty (1)	$	21,793		$	26,817		$	23,630		$	30,248		$	32,413
Total non-performing assets to total assets		0.50	%		0.67	%		0.62	%		0.83	%		0.88	%