The Bank achieved this milestone during the first official reporting period of the program with $717.73 million in Qualified Lending and of which $445.08 million were also Deep Impact Lending. Under ECIP, Deep Impact Lending is given double credit, bringing the amount to $890.15 million, and total "qualified lending" as measured pursuant to the ECIP to $1.162 billion. The ECIP program was created to encourage low- and moderate-income community financial institutions to augment their efforts to support the s ...

The Bank achieved this milestone during the first official reporting period of the program with $717.73 million in Qualified Lending and of which $445.08 million were also Deep Impact Lending. Under ECIP, Deep Impact Lending is given double credit, bringing the amount to $890.15 million, and total "qualified lending" as measured pursuant to the ECIP to $1.162 billion. The ECIP program was created to encourage low- and moderate-income community financial institutions to augment their efforts to support the s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41255 Ponce Financial Group, Inc. (Exact Name of Registrant as Specified in its Charter) FORM 10-Q Maryland 87-1893965 (S ...

Exhibit 99.1 Ponce Financial Group, Inc. Reports First Quarter 2024 Results NEW YORK, April 30, 2024 - Ponce Financial Group, Inc., (the "Company") (NASDAQ: PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the first quarter of 2024. First Quarter 2024 Highlights (Compared to Prior Periods): President and Chief Executive Officer's Comments Carlos P. Naudon, Ponce Financial Group's President and CEO, stated "Despite the challenging operating environment, we continue to make ...

Employee Relations - As of December 31, 2023, the Company had 237 full-time equivalent employees, with no union representation and a good relationship with employees[24]. - The Company is committed to creating an equitable workplace and enhancing diversity at all management levels, reflecting the communities it serves[26]. Loan Portfolio - The Bank's total loans, gross, amounted to $1,921 million as of December 31, 2023, compared to $1,525 million in 2022, reflecting a year-over-year increase[40]. - The composition of the Bank's loan portfolio shows that mortgage loans accounted for 98.50% of total loans, with multifamily residential loans making up 28.65%[39]. - As of December 31, 2023, the total loan portfolio amounted to $1,921.6 million, with multifamily loans representing the largest category at $550.6 million, or 28.7% of the total[52]. - One-to-four family investor-owned loans totaled $343.7 million, accounting for 17.9% of the total loan portfolio, with 88.4% of these loans secured by two-to-four family properties[45]. - The bank's construction and land loans reached $503.9 million, representing 26.2% of the total loan portfolio, with multifamily residential loans making up $448.1 million of this amount[58]. - Nonresidential loans totaled $342.3 million, or 17.8% of the total loan portfolio, with the largest concentration in retail and wholesale properties at $117.0 million, or 34.2%[53][54]. - One-to-four family owner-occupied loans amounted to $152.3 million, or 7.9% of the total loan portfolio, with 23.5% of these loans exceeding $1.0 million[48]. - The bank's overall loan portfolio is diversified, with significant geographical concentrations in Queens County, Kings County, and Nassau County across various loan types[52][58]. Lending Activities - The Bank's lending activities focus on real estate-secured loans, with an emphasis on multifamily residential and nonresidential property loans[35]. - The bank maintains a maximum loan-to-value (LTV) ratio of 90% for one-to-four family loans and 75% for multifamily and nonresidential loans[50][57]. - The bank's underwriting guidelines require a minimum debt service coverage ratio (DSCR) of 1.20x for loans, ensuring borrowers can meet their debt obligations[46][57]. - The bank's construction loans typically have a term of up to 36 months, with a focus on the developer's capacity and project viability[59]. - The bank's loan-to-cost ratio for construction loans is maintained at 70% or less, with a loan-to-value ratio capped at 65%[61]. Financial Performance - Total loans at the end of 2023 reached $1,921.6 million, an increase of 26% from $1,525.7 million in 2022[70]. - Construction and land loans originated in 2023 amounted to $700.9 million, significantly up from $231.3 million in 2022, reflecting a growth of 203%[70]. - The bank's total loan originations for 2023 were $913.2 million, a 46% increase compared to $624.5 million in 2022[70]. - The bank's total mortgage loans originated in 2023 were $898.2 million, up from $614.3 million in 2022, marking a 46% increase[70]. - The bank's principal repayments and other activities totaled $508.7 million in 2023, compared to $411.1 million in 2022[70]. Credit Quality - Total delinquent loans amounted to $12.726 million for 90 days or more past due as of December 31, 2023, compared to $13.220 million in 2022[86]. - The Bank's non-accrual loans were reported at $0.7 million, $2.3 million, $2.5 million, $3.1 million, and $3.6 million for the years ending December 31 from 2019 to 2023, respectively[88]. - Total nonaccrual loans increased to $12,279 thousand in 2023, up from $11,372 thousand in 2022, representing an increase of 7.96%[89]. - Substandard loans decreased by $3.6 million, or 16.97%, to $17.9 million at December 31, 2023, compared to $21.5 million at December 31, 2022[95]. - Special mention loans decreased by $3.9 million, or 40.6%, to $5.8 million at December 31, 2023, compared to $9.7 million at December 31, 2022[96]. - The total nonperforming loans to total gross loans ratio improved to 0.66% in 2023 from 0.90% in 2022[89]. - The allowance for credit losses (ACL) is based on management's estimate of expected credit losses over the expected life of the loans[101]. - The allowance for credit losses (ACL) decreased to $26.2 million at December 31, 2023, from $34.6 million at December 31, 2022, representing a reduction of approximately 24.5%[111]. - The ACL as a percentage of total gross loans was 1.36% at December 31, 2023, down from 2.27% at December 31, 2022[111]. - Net charge-offs for the years ended December 31, 2023, and 2022 were $6.6 million and $5.8 million, respectively, indicating an increase in charge-offs[111]. Investment Portfolio - The investment portfolio included $19.4 million of FHLBNY stock at December 31, 2023, down from $24.7 million in 2022[115]. - As of December 31, 2023, the total available-for-sale securities amounted to $139.8 million, an increase from $119.9 million in 2022, representing a growth of approximately 16.1%[117]. - The total held-to-maturity securities reached $461.7 million at the end of 2023, compared to $450.0 million in 2022, indicating a growth of about 2.4%[119]. - The carrying value of mortgage-backed securities decreased to $465.6 million in 2023 from $516.5 million in 2022, reflecting a decline of approximately 9.8%[120]. - The company’s mortgage-backed securities are primarily backed by one-to-four family residential mortgages, with all securities backed by Freddie Mac, Fannie Mae, or Ginnie Mae[120]. Deposits and Funding - Total deposits increased to $1,507,620,000 in 2023, up from $1,252,412,000 in 2022, reflecting a net increase of $255,208,000[132]. - The average balance of interest-bearing deposits was $1,096,877,000 with a weighted average rate of 3.20% in 2023, compared to $943,860,000 at 1.05% in 2022[130]. - The bank's non-interest bearing demand deposits were $290,335,000, representing 20.93% of total deposits[130]. - The bank's certificates of deposit totaled $600,826,000, with significant reductions in lower interest rate categories compared to previous years[134]. - The Bank had outstanding FHLBNY and FRBNY advances of $684.4 million as of December 31, 2023, compared to $517.4 million in 2022, reflecting a significant increase of 32.3%[138]. Regulatory Compliance - At December 31, 2023, the Bank's capital exceeded all applicable regulatory requirements, ensuring compliance with capital standards[157]. - The Bank's loans-to-one borrower compliance was maintained, with no loans exceeding 15.0% of unimpaired capital and surplus as of December 31, 2023[158]. - The Bank satisfied the Qualified Thrift Lender (QTL) test, maintaining at least 65% of its portfolio assets in qualified thrift investments for at least nine months of the year[162][163]. - The Bank received a "satisfactory" rating under the Community Reinvestment Act in its most recent federal examination, indicating compliance with community credit needs[167]. - The FDIC insures deposits at the Bank up to a maximum of $250,000 per depositor, which includes self-directed retirement accounts[171]. Tax and Financial Reporting - The Company is subject to U.S. federal income tax and various state income taxes, including New York, Connecticut, New Jersey, Florida, and Pennsylvania for the year ended December 31, 2023[196]. - The Company has a federal net operating loss (NOL) carryforward of $7.6 million as of December 31, 2023[200]. - The Company is no longer classified as an emerging growth company effective December 31, 2022, but remains a "smaller reporting company" under SEC regulations[193][194].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41255 Ponce Financial Group, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other ju ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41255 Ponce Financial Group, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41255 Ponce Financial Group, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisd ...

Employee and Talent Management - As of December 31, 2022, the company had 253 full-time equivalent employees and aims to attract and retain talent through competitive salaries and benefits[22]. - The bank's primary deposit base consists of locally employed blue-collar workers, with a growing segment of recently immigrated, younger, lower-skilled laborers[27]. - The company is enhancing its inclusion and diversity initiatives to reflect the communities it serves, which is believed to strengthen its business[24]. Loan Portfolio Composition - The loan portfolio composition as of December 31, 2022, includes $343.968 million in investor-owned 1-4 family residential loans, representing 22.54% of the total portfolio[37]. - The total mortgage loans amount to $1.525 billion, with multifamily residential loans making up 32.42% of the portfolio at $494.667 million[37]. - As of December 31, 2022, one-to-four family investor-owned loans totaled $344.0 million, representing 22.6% of the Bank's total loans[41]. - Multifamily loans amounted to $494.7 million, accounting for 32.4% of the Bank's total loan portfolio[47]. - Nonresidential loans reached $308.0 million, making up 20.2% of the Bank's total loan portfolio[48]. - Construction and land loans totaled $185.0 million, or 12.1% of the Bank's total loan portfolio, with $148.7 million allocated to multifamily residential projects[52]. Loan Growth and Originations - Total loans at the beginning of 2022 were $1,322.1 million, increasing to $1,525.7 million by the end of the year, representing a growth of 15.4%[65]. - The bank originated a total of $624.5 million in loans during 2022, up from $487.9 million in 2021, marking a 28.0% increase[65]. - Total mortgage loans originated in 2022 amounted to $614.3 million, significantly higher than the $305.9 million originated in 2021[65]. - The bank's total nonmortgage loans originated in 2022 were $10.2 million, a decrease from $182.0 million in 2021[65]. Loan Performance and Delinquencies - Total delinquent loans reached $15.7 million as of December 31, 2022, compared to $12.5 million in 2021, indicating an increase of approximately 25.6%[83]. - The Bank's collection efforts for delinquent loans commence the day after the grace period, typically on the 17th of each month[78]. - The Bank's non-performing assets, excluding mortgage loans held for sale, primarily consist of non-accrual loans and troubled debt restructured loans[84]. - Total nonaccrual loans increased to $13.7 million at December 31, 2022, up from $11.4 million in 2021, representing a 11.1% increase[88]. - Substandard loans rose by $4.2 million, or 24.1%, to $21.5 million at December 31, 2022, compared to $17.3 million at the end of 2021[88]. Allowance for Loan Losses - The allowance for loan and lease losses (ALLL) methodology is systematically applied to estimate inherent losses in the loan portfolio[94]. - The allowance for loan losses increased to $34.592 million in 2022 from $16.352 million in 2021, reflecting a significant rise in provisions for loan losses of $24.046 million[115]. - The allowance for loan losses as a percentage of nonperforming loans was 252.33% in 2022, up from 142.90% in 2021, indicating a stronger reserve against potential losses[115]. - The provision for loan losses in 2022 was significantly higher at $24.046 million compared to $2.717 million in 2021, indicating a proactive approach to risk management[115]. Investment Portfolio - The investment portfolio included $24.7 million of FHLBNY stock as of December 31, 2022, compared to $6.0 million in 2021[122]. - The total available-for-sale securities amounted to $151.943 million with a fair value of $129.505 million as of December 31, 2022[124]. - The total held-to-maturity securities amounted to $510.820 million with a fair value of $495.851 million as of December 31, 2022[124]. - The Bank's investment portfolio includes U.S. Government Bonds with a weighted average yield of 0.90% and Corporate Bonds with a weighted average yield of 3.67%[129]. Deposits and Funding - Total deposits increased to $1,252.4 million in 2022, up from $1,204.7 million in 2021, reflecting a net increase of $47.7 million[138]. - The average balance of interest-bearing deposits was $943.9 million in 2022, with a weighted average rate of 1.05%[135]. - The Bank's net deposits before interest credited were $37.7 million in 2022, compared to $169.5 million in 2021, indicating a decrease in deposit growth[137]. - The aggregate amount of certificates of deposit greater than or equal to $100,000 was $212.7 million, with $48.7 million maturing on or before December 31, 2023[142]. Regulatory Compliance and Capital Requirements - As of December 31, 2022, the Bank's total risk-based capital ratio exceeded 10.0%, Tier 1 risk-based ratio exceeded 8.0%, common equity Tier 1 ratio exceeded 6.5%, and leverage ratio exceeded 5.0%[167]. - The Bank was in compliance with the loans-to-one borrower limitations, which generally restrict loans to a single borrower to 15.0% of unimpaired capital and surplus[164]. - The Bank satisfied the Qualified Thrift Lender test, maintaining at least 65% of its portfolio assets in qualified thrift investments[170]. - The FDIC insures deposits at the Bank up to a maximum of $250,000 per separately insured depositor[179].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41255 Ponce Financial Group, Inc. (Exact Name of Registrant as Specified in its Charter) Maryland 87-189396 ...