PDL Community Bancorp, a financial holding company, provides various banking products and services. It accepts various deposit products, including demand accounts, NOW/IOLA accounts, money market accounts, reciprocal deposits, savings accounts, and certificates of deposit. The company also provides one-to-four family investor-owned, one-to-four family owner-occupied, multifamily and nonresidential, construction and land, commercial and industrial, and consumer loans; lines of credit; and paycheck protection program. In addition, it invests in securities, which consist of U.S. Government and federal agency securities and securities issued by government-sponsored or government-owned enterprises, as well as mortgage-backed securities, corporate bonds and obligations, and Federal Home Loan Bank stock. It operates 4 banking offices in Bronx, 2 banking offices in Manhattan, 3 banking offices in Queens, and 3 banking offices in Brooklyn, New York; 1 banking office in Union City, New Jersey; and 1 mortgage office in Nassau County, 2 mortgage offices in Queens, 1 mortgage office in Brooklyn, New York; and 1 mortgage office in Englewood Cliffs and 1 mortgage office in Bergenfield, New Jersey. The company was founded in 1960 and is based in Bronx, New York. PDL Community Bancorp operates as a subsidiary of Ponce Bank Mutual Holding Company.
IPO Year: 2017
Exchange: NASDAQ
Website: poncebank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/31/2023 | $11.00 → $9.00 | Buy → Sell | Compass Point |
| 2/24/2022 | $12.25 | Buy | Janney |
NEW YORK, March 23, 2022 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc. (the "Company"), the holding company for Ponce Bank, announced today that at the meetings of the Boards of Directors of the Company and Ponce Bank, held on March 17, 2022, the Boards increased the size of their respective boards from seven members to eight members and appointed Mr. James Perez to the Boards of Directors. Mr. Perez will be nominated by the Nomination Committee of the Company's Board to stand for election at the Annual Meeting of Stockholders, to be held on May 25, 2022, for a term ending at the 2023 Annual Meeting of Stockholders and until his successor shall have been elected and qualified. Mr. Perez
Compass Point downgraded Ponce Financial Group from Buy to Sell and set a new price target of $9.00 from $11.00 previously
Janney initiated coverage of Ponce Financial Group with a rating of Buy and set a new price target of $12.25
NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the third quarter of 2024. Third Quarter 2024 Highlights (Compared to Prior Periods): Net income available to common stockholders was $2.2 million, or $0.10 per diluted share for the three months ended September 30, 2024, as compared to net income available to common stockholders of $3.1 million, or $0.14 per diluted share for the three months ended June 30, 2024 and net income available to common stockholders of $2.6 million, or $0.12 per diluted share for the three months ended September 30, 2023. Total net
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the second quarter of 2024. Second Quarter 2024 Highlights (Compared to Prior Periods): Net income available to common stockholders was $3.1 million, or $0.14 per diluted share for the three months ended June 30, 2024, as compared to net income available to common stockholders of $2.4 million, or $0.11 per diluted share for the three months ended March 31, 2024 and net loss to common stockholders of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023. Net income for the three mo
NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today reported that the Bank exceeded the dividend rate reduction threshold for Qualified Lending targets designated by the U.S. Treasury Department pursuant to the Emergency Capital Investment Program ("ECIP"). The Bank's "qualified lending" as measured pursuant to ECIP totaled $1.162 billion from June 8, 2023 through March 31, 2024. This critical milestone of the ECIP program reduces the dividend obligation on Ponce Financial Group's $225.0 million Senior Non-Cumulative Perpetual Preferred Stock payable to the U.S. Treasury Department f
NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) -- 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): Net income of $2.4 million, or $0.11 per diluted share for the three months ended March 31, 2024, as compared to net income of $0.5 million, or $0.02 per diluted share for the three months ended December 31, 2023 and net income of $0.3 million, or $0.01 per diluted share for the three months ended March 31, 2023.Included in the $2.4 million of net income for the first quarter of 2024 results is $39.7 million in interest and
NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the fourth quarter of 2023. Fourth Quarter 2023 Highlights (Compared to Prior Periods): Net income of $0.5 million, or $0.02 per diluted share for the three months ended December 31, 2023, as compared to net income of $2.6 million, or $0.12 per diluted share for the three months ended September 30, 2023 and net loss of ($9.2) million, or ($0.40) per diluted share for the three months ended December 31, 2022.Included in the $0.5 million of net income for the fourth quarter of 2023 results is $35.0 milli
NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the third quarter of 2023. Third Quarter 2023 Highlights (Compared to Prior Periods): Net income of $2.6 million, or $0.12 per diluted share for the three months ended September 30, 2023, as compared to net loss of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023 and net loss of ($14.7) million, or ($0.64) per diluted share for the three months ended September 30, 2022.Included in the $2.6 million of net income for the third quarter of 2023 results is $33.5 million in int
NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the second quarter of 2023. Second Quarter 2023 Highlights (Compared to Prior Periods): Net loss of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023, as compared to net income of $0.3 million, or $0.01 per diluted share for the three months ended March 31, 2023 and net income of $0.8 million, or $0.03 per diluted share for the three months ended June 30, 2022.Included in the ($0.1) million of net loss for the second quarter of 2023 results is $31.1 million in interest and div
NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the first quarter of 2023. First Quarter 2023 Highlights (Compared to Prior Periods): Net income of $0.3 million or $0.01 per diluted share, for the three months ended March 31, 2023, as compared to net loss of ($9.2) million, or ($0.40) per diluted share for the three months ended December 31, 2022 and net loss of ($6.8) million, or ($0.31) per diluted share for the three months ended March 31, 2022.Included in the $0.3 million of net income for the first quarter of 2023 results is $15.2 million in net inter
NEW YORK, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., as the successor by merger with PDL Community Bancorp (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the fourth quarter of 2022. Fourth Quarter Highlights (Compared to Prior Periods): Net loss of ($9.2) million or ($0.40) per diluted share, for the three months ended December 31, 2022, as compared to net loss of ($14.7) million, or ($0.64) per diluted share for the three months ended September 30, 2022 and net income of $15.0 million, or $0.89 per diluted share for the three months ended December 31, 2021.Included in the ($9.2) million 2022 fourth quarter
NEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., as the successor by merger with PDL Community Bancorp (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the third quarter of 2022. Third Quarter Highlights (Compared to Prior Periods): Net loss of ($14.7) million or ($0.64) per diluted share, for the three months ended September 30, 2022, as compared to net income of $771,000, or $0.03 per diluted share for the three months ended June 30, 2022 and net income of $2.1 million, or $0.12 per diluted share for the three months ended September 30, 2021.Included in the ($14.7) million 2022 third quarter results
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8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
10-Q - Ponce Financial Group, Inc. (0001874071) (Filer)
8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
10-Q - Ponce Financial Group, Inc. (0001874071) (Filer)
8-K - Ponce Financial Group, Inc. (0001874071) (Filer)
NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the third quarter of 2024. Third Quarter 2024 Highlights (Compared to Prior Periods): Net income available to common stockholders was $2.2 million, or $0.10 per diluted share for the three months ended September 30, 2024, as compared to net income available to common stockholders of $3.1 million, or $0.14 per diluted share for the three months ended June 30, 2024 and net income available to common stockholders of $2.6 million, or $0.12 per diluted share for the three months ended September 30, 2023. Total net
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the second quarter of 2024. Second Quarter 2024 Highlights (Compared to Prior Periods): Net income available to common stockholders was $3.1 million, or $0.14 per diluted share for the three months ended June 30, 2024, as compared to net income available to common stockholders of $2.4 million, or $0.11 per diluted share for the three months ended March 31, 2024 and net loss to common stockholders of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023. Net income for the three mo
NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today reported that the Bank exceeded the dividend rate reduction threshold for Qualified Lending targets designated by the U.S. Treasury Department pursuant to the Emergency Capital Investment Program ("ECIP"). The Bank's "qualified lending" as measured pursuant to ECIP totaled $1.162 billion from June 8, 2023 through March 31, 2024. This critical milestone of the ECIP program reduces the dividend obligation on Ponce Financial Group's $225.0 million Senior Non-Cumulative Perpetual Preferred Stock payable to the U.S. Treasury Department f
NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) -- 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): Net income of $2.4 million, or $0.11 per diluted share for the three months ended March 31, 2024, as compared to net income of $0.5 million, or $0.02 per diluted share for the three months ended December 31, 2023 and net income of $0.3 million, or $0.01 per diluted share for the three months ended March 31, 2023.Included in the $2.4 million of net income for the first quarter of 2024 results is $39.7 million in interest and
NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the fourth quarter of 2023. Fourth Quarter 2023 Highlights (Compared to Prior Periods): Net income of $0.5 million, or $0.02 per diluted share for the three months ended December 31, 2023, as compared to net income of $2.6 million, or $0.12 per diluted share for the three months ended September 30, 2023 and net loss of ($9.2) million, or ($0.40) per diluted share for the three months ended December 31, 2022.Included in the $0.5 million of net income for the fourth quarter of 2023 results is $35.0 milli
NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the third quarter of 2023. Third Quarter 2023 Highlights (Compared to Prior Periods): Net income of $2.6 million, or $0.12 per diluted share for the three months ended September 30, 2023, as compared to net loss of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023 and net loss of ($14.7) million, or ($0.64) per diluted share for the three months ended September 30, 2022.Included in the $2.6 million of net income for the third quarter of 2023 results is $33.5 million in int
NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the second quarter of 2023. Second Quarter 2023 Highlights (Compared to Prior Periods): Net loss of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023, as compared to net income of $0.3 million, or $0.01 per diluted share for the three months ended March 31, 2023 and net income of $0.8 million, or $0.03 per diluted share for the three months ended June 30, 2022.Included in the ($0.1) million of net loss for the second quarter of 2023 results is $31.1 million in interest and div
NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the first quarter of 2023. First Quarter 2023 Highlights (Compared to Prior Periods): Net income of $0.3 million or $0.01 per diluted share, for the three months ended March 31, 2023, as compared to net loss of ($9.2) million, or ($0.40) per diluted share for the three months ended December 31, 2022 and net loss of ($6.8) million, or ($0.31) per diluted share for the three months ended March 31, 2022.Included in the $0.3 million of net income for the first quarter of 2023 results is $15.2 million in net inter
NEW YORK, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., as the successor by merger with PDL Community Bancorp (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the fourth quarter of 2022. Fourth Quarter Highlights (Compared to Prior Periods): Net loss of ($9.2) million or ($0.40) per diluted share, for the three months ended December 31, 2022, as compared to net loss of ($14.7) million, or ($0.64) per diluted share for the three months ended September 30, 2022 and net income of $15.0 million, or $0.89 per diluted share for the three months ended December 31, 2021.Included in the ($9.2) million 2022 fourth quarter
NEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., as the successor by merger with PDL Community Bancorp (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced results for the third quarter of 2022. Third Quarter Highlights (Compared to Prior Periods): Net loss of ($14.7) million or ($0.64) per diluted share, for the three months ended September 30, 2022, as compared to net income of $771,000, or $0.03 per diluted share for the three months ended June 30, 2022 and net income of $2.1 million, or $0.12 per diluted share for the three months ended September 30, 2021.Included in the ($14.7) million 2022 third quarter results
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Ponce Finl Gr (NASDAQ:PDLB) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $(0.03) by 466.67 percent.
Ponce Financial Group(NASDAQ:PDLB) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. This is a 105 percent increase over losses of $(0.40) per share from the same period last year. The company reported quarterly sales of $18.48 million which beat the analyst consensus estimate of $16.70 million by 10.67 percent. This is a 11.32 percent increase over sales of $16.60 million the same period last year.
Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced that Ponce Bank was accepted into the Department of the Treasury, Bureau of Fiscal Service, Minority Bank Deposit Program. As a participating bank, the Bank will have the opportunity to receive exposure, technical training and networking with the goal to:become eligible for the Treasury Bank Mentor-Protégé programexpand capacity and accelerate growthdevelop expertise in working with the Department of the Treasuryparticipate as a depositary or financial agent at the federal, state or local government levelPresident and Chief Executive Officer's Comments:Carlos P. Naudon
Ponce Financial Group, Inc., (the "Company") (NASDAQ:PDLB), the holding company for Ponce Bank (the "Bank"), today announced that the Bank received approval for a grant in the amount of $451,025 as part of the Bank Enterprise Award Program from the Community Development Financial Institutions ("CDFI"). Awards under the Bank Enterprise Award Program are subject to the program terms and must be used for qualified activities, which include providing loans, investments and financial services to residents and businesses in distressed communities. The Bank also announced today that it has received the previously announced $3.7 million in cash that was granted from the U.S. Treasury as part of the
Ponce Finl Gr (NASDAQ:PDLB) will report on Q2 2023.
Ponce Financial Group, Inc. (the "Company") (NASDAQ:PDLB), a minority managed institution and a Community Development Financial Institution serving the New York City area since 1960, today announced it was added to the Russell 3000® Index, effective after the U.S. market closed on June 23, 2023, as part of the 2023 Russell indexes reconstitution. Based upon its membership in the Russell 3000® Index, the Company will also become a member of the small-cap Russell 2000® Index. Carlos P. Naudon, President and CEO of Ponce Financial Group, Inc., commented, "It is an honor to rejoin the Russell indexes which we trust will increase the exposure of, and liquidity in our stock. We look forward to
- Reuters
Under the repurchase program, the Company may repurchase up to 1,235,000 shares of its common stock, which represents approximately 5% of the issued and outstanding shares of the Company.
On Friday, 199 companies reached new 52-week lows. Key Facts About Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Danaher (NYSE:DHR). Assure Hldgs (NASDAQ:IONM) was the smallest company by market cap to set a new 52-week low. Freeline Therapeutics (NASDAQ:FRLN) saw the most significant move of the companies, as shares traded down 1452.42% to reach its new 52-week low. Rackspace Tech (NASDAQ:RXT)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. On Friday, the following stocks broke to new 52-week lows: Danaher (NYSE:DHR) stock achieved a new 52-week low on Friday morning, hittin