Core Viewpoint - Ponce Financial Group, Inc. reported significant growth in profitability for the fourth quarter and full year of 2025, driven by increased net interest income and controlled operating expenses, while maintaining strong capital ratios and commitment to community investment [4][6]. Financial Performance Highlights - For Q4 2025, net income available to common stockholders 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 [6][9]. - Total net income for Q4 2025 was $10.1 million, an increase from $6.5 million in Q3 2025 and $2.9 million in Q4 2024 [9]. - For the full year 2025, net income available to common stockholders was $27.6 million, or $1.20 per diluted share, compared to $10.3 million, or $0.46 per diluted share in 2024 [6][12]. Net 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 [6][13]. - The net interest margin for Q4 2025 was 3.57%, up from 3.30% in Q3 2025 and 2.80% in Q4 2024 [6][16]. Non-Interest Income - 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][20]. - For the full year 2025, non-interest income was $9.4 million, an increase of $2.2 million, or 30.49%, compared to $7.2 million in 2024 [20]. Non-Interest Expense - 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][23]. - For the full year 2025, non-interest expense was $67.0 million, a decrease of $0.4 million, or 0.66%, compared to $67.5 million in 2024 [23]. Asset Quality and Credit Losses - Total non-performing assets were $30.2 million as of December 31, 2025, down from $32.4 million at September 30, 2025, and $32.1 million at December 31, 2024 [25]. - A credit loss provision of $1.1 million was recorded for Q4 2025, compared to $1.4 million in Q3 2025 and $0.9 million in Q4 2024 [26][27]. Balance Sheet Summary - Total assets increased by $184.0 million, or 6.05%, to $3.22 billion as of December 31, 2025, primarily due to a $312.7 million increase in net loans receivable [28]. - Total liabilities increased by $148.0 million, or 5.84%, to $2.68 billion as of December 31, 2025, largely due to a $151.4 million increase in deposits [29]. - Total stockholders' equity increased by $36.0 million, or 7.13%, to $541.5 million as of December 31, 2025, driven by $28.7 million in net income [30].