Ponce Financial Group, Inc. PDLB
Ponce Financial Group, Inc.
Ponce Financial Group, Inc. (hereafter referred to as "we," "our," "us," "Ponce Financial Group, Inc.," or the "Company"), is a financial holding company and the holding company of Ponce Bank, National Association ("Ponce Bank" or the "Bank"), a national bank. The Company is authorized to pursue other business activities permitted by applicable laws and regulations for financial holding companies, which may include the acquisition of banking and financial services companies.
The Company's cash flow is dependent on earnings from investments and any dividends received from Ponce Bank. Ponce Financial Group, Inc. does not own nor lease any property, but instead uses the premises, equipment and furniture of Ponce Bank. At the present time, the Company employs only persons who are officers of Ponce Bank to serve as officers of Ponce Financial Group, Inc. It uses the support staff of Ponce Bank from time to time. These persons are not separately compensated by Ponce Financial Group, Inc. Ponce Financial Group, Inc. may hire additional employees, as appropriate, to the extent it so determines in the future.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $185.5M | $162.6M | $125.9M | $82.8M | $67.1M | $53.3M | $50.5M | — |
| Interest expense | $85.7M | $86.2M | $65.3M | $66.6M | $8.3M | $11.4M | $12.4M | — |
| Pre-tax income | $38.4M | $15.7M | $5.9M | -$36.8M | $33.6M | $5.2M | -$6.0M | — |
| Income tax | $9.7M | $4.7M | $2.5M | $6.8M | $8.2M | $1.4M | $924.0K | — |
| Net income | $27.6M | $10.3M | $3.4M | -$30.0M | $25.4M | $3.9M | -$5.1M | — |
| EPS, basic | 1.21 | 0.46 | 0.15 | -1.32 | 1.52 | 0.23 | -0.29 | — |
| EPS, diluted | 1.20 | 0.46 | 0.15 | -1.32 | 1.51 | 0.23 | -0.29 | — |
| Shares, diluted (wtd. avg.) | $23.1M | $22.6M | $22.8M | $22.7M | $16.8M | $16.7M | $17.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $126.2M | $139.8M | $139.2M | $54.4M | $153.9M | $72.1M | $27.7M | $69.8M |
| Property, plant and equipment | $15.6M | $16.8M | $16.1M | $17.4M | $19.6M | $32.0M | — | — |
| Total assets | $3.22B | $3.04B | $2.75B | $2.31B | $1.65B | $1.36B | — | — |
| Long-term debt | $596.1M | $596.1M | $684.4M | $517.4M | — | — | — | — |
| Total liabilities | $2.68B | $2.53B | $2.26B | $1.82B | $1.46B | $1.20B | — | — |
| Retained earnings | $135.3M | $107.8M | $97.4M | $93.0M | $123.0M | $97.5M | — | — |
| Total equity | $541.5M | $505.5M | $491.4M | $492.7M | $189.3M | $159.5M | $158.4M | $169.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $55.6M | $7.2M | $6.5M | $9.8M | $18.6M | -$27.5M | $5.0M | — |
| Stock-based compensation | $1.9M | $2.1M | $1.9M | $1.6M | $1.4M | $1.4M | $1.3M | — |
| Capital expenditure | $978.0K | $2.7M | $411.0K | $492.0K | $4.2M | $1.9M | $3.8M | — |
| Investing cash flow | -$219.7M | -$294.9M | -$332.9M | -$777.1M | -$211.1M | -$204.6M | -$38.7M | — |
| Financing cash flow | $150.4M | $288.3M | $411.2M | $667.7M | $274.4M | $276.5M | -$8.5M | — |
| Buybacks | — | — | $11.0M | — | $1.6M | $4.7M | $15.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-168750.
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