Ponce Financial Q2 EPS Jumps 79 Percent

Ponce Financial Group (NASDAQ:PDLB), a bank focused on serving minority and immigrant communities in the New York metropolitan area, released its results for the second quarter of fiscal 2025 on July 25, 2025. The company reported GAAP earnings per share of $0.25, exceeding the analyst estimate of $0.17. This result also marked a 78.6% increase in EPS compared to the same period last year. Net income for common stockholders was $5.8 million, a significant rise from $3.1 million in the same period last year. Net interest income reached $24.4 million, reflecting strong loan and deposit growth. While expense control and margin expansion supported profit gains, the company set aside more for potential credit losses compared to the previous quarter and saw some volatility in non-interest income. Overall, it delivered a robust quarter, outpacing expectations and maintaining its core community-focused strategy.Source: Analyst estimates for the quarter provided by FactSet.Ponce Financial Group operates as a community-focused bank, with a mission to serve minority and immigrant communities around New York City. It has the designations of Minority Depository Institution and Community Development Financial Institution, lending heavily to customers underserved by many larger banks. The company’s lending activity is concentrated on mortgage loans, especially construction and land as well as multifamily properties. Deposits come mostly from local customers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool