Ponce Financial (US:PDLB)2026-01-27 22:09Financial Performance - Net income available to common stockholders for Q4 2025 was $9.9 million, or $0.42 per diluted share, compared to $6.2 million, or $0.27 per diluted share in Q3 2025, and $2.7 million, or $0.12 per diluted share in Q4 2024[5] - Total net income for the year ended December 31, 2025 was $28.7 million, compared to $11.0 million for the year ended December 31, 2024[12] - Net income available to common stockholders increased to $27,578,000 in 2025, a remarkable rise of 166.87% from $10,334,000 in 2024[34] - Basic earnings per common share for 2025 was $1.21, up 163.00% from $0.46 in 2024[34] - Income before income taxes for 2025 was $38,431,000, a substantial increase of 145.02% from $15,685,000 in 2024[34] Interest Income and Margin - Net interest income for Q4 2025 was $27.9 million, an increase of $2.7 million, or 10.64% from Q3 2025, and an increase of $7.2 million, or 34.75% from Q4 2024[5] - Total interest and dividend income for 2025 reached $185,525,000, an increase of 14.07% compared to $162,637,000 in 2024[34] - Net interest income for 2025 was $99,811,000, reflecting a significant growth of 30.51% from $76,480,000 in 2024[34] - The net interest margin improved to 3.57% in Q4 2025, up from 3.30% in Q3 2025 and 2.80% in Q4 2024[5] - The net interest margin improved to 3.28% in 2025 from 2.70% in 2024, indicating enhanced profitability on interest-earning assets[44][46] Non-Interest Income and Expense - Non-interest income for Q4 2025 was $3.5 million, an increase of $2.0 million, or 133.18% from Q3 2025, and an increase of $1.4 million, or 65.90% from Q4 2024[17] - Total non-interest income for 2025 was $9,412,000, a 30.49% increase from $7,213,000 in 2024[34] - Non-interest expense for Q4 2025 was $16.6 million, remaining flat compared to Q3 2025 and decreased by $0.8 million from Q4 2024[21] - Total non-interest expense slightly decreased to $67,009,000 in 2025, down 0.66% from $67,457,000 in 2024[34] Assets and Liabilities - Total assets increased by $184.0 million, or 6.05%, to $3.22 billion as of December 31, 2025, from $3.04 billion as of December 31, 2024[27] - Total liabilities increased by $148.0 million, or 5.84%, to $2.68 billion as of December 31, 2025, from $2.53 billion as of December 31, 2024[28] - Total stockholders' equity increased by $36.0 million, or 7.13%, to $541.5 million as of December 31, 2025, from $505.5 million as of December 31, 2024[29] Loans and Deposits - Net loans receivable increased to $2.60 billion as of December 31, 2025, an increase of $312.7 million, or 13.67% from $2.29 billion as of December 31, 2024[5] - Deposits increased to $2.05 billion as of December 31, 2025, an increase of $151.4 million, or 7.99% from $1.90 billion as of December 31, 2024[5] - Total mortgage loans as of December 31, 2025, amounted to $2,571.2 million, representing 97.96% of total loans[35] - Total deposits reached $2,046,635 thousand as of December 31, 2025, with interest-bearing deposits comprising 89.82% of total deposits[37] Credit Losses and Non-Performing Assets - A credit loss provision of $3.8 million on loans was recorded for the year ended December 31, 2025, compared to $0.8 million for the year ended December 31, 2024[26] - Total non-performing assets decreased to $30.2 million at December 31, 2025, down from $32.4 million at September 30, 2025, and $32.1 million at December 31, 2024[24] - Total non-performing assets were $26,863 thousand as of December 31, 2025, down from $27,863 thousand on September 30, 2025, representing a decline of 3.6%[39] Future Outlook and Strategy - The company anticipates potential risks including adverse conditions in capital markets and changes in interest rates, which may impact future performance[31] - Ponce Financial Group, Inc. continues to focus on expanding its mortgage loan offerings and community development initiatives[30]