Ponce Financial Group

Ponce Financial Group, Inc. operates as a holding company. It operates as a holding company for Ponce Bank and Mortgage World Bankers, Inc. Ponce Bank is a federally-chartered stock savings association and Mortgage World is a mortgage banking entity subject to the comprehensive regulation and examination of the New York State Department of Financial Services. The company is headquartered in New York, NY.

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Ponce Financial Group, Inc. is a savings and loan holding company, which engages in acquiring banking and financial services companies. It offers personal checking, savings, business management, and loans and mortgages. The company was founded in March 1960 and is headquartered in Bronx, NY.

Ponce Financial (PDLB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Ponce Financial (PDLB) Stock

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- 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.

Ponce Bank was accepted into the Department of the Treasury, Bureau of Fiscal Service, Minority Bank Deposit Program

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), announced that it will be presenting at a virtual bank conference hosted by Sycamore Analytics and Pendragon Capital Management on November 9, 2023 from 10:25 to 10:55 AM. In addition, Sundie Seefried, CEO of SHF Holdings, Inc. and Mike Godby, Managing Director of Janney Montgomery Scott will be presenting. To register for the event visit www.VirtualBankConference.com .

Ponce Financial Group, Inc. Announces Participation in a Virtual Bank Conference

Ponce Financial (PDLB) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to loss of $0.03 per share a year ago.

Ponce Financial (PDLB) Q3 Earnings and Revenues Surpass Estimates

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.

Ponce Financial Group, Inc. Reports Third Quarter 2023 Results

NEW YORK, Sept. 27, 2023 (GLOBE NEWSWIRE) -- 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.

Ponce Bank receives approval for an award of approximately $0.5 million as part of the CDFI Bank Enterprise Award Program and received the previously announced $3.7 million in cash that was granted as part of CDFI Equitable Recovery Program

NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), announced today that it has completed repurchasing 1,235,000 shares of its common stock representing approximately 5% of the issued and outstanding shares of the Company at the time the plan was implemented.

Ponce Financial Group, Inc. Announces Completion of Share Repurchase Program

Ponce Financial (PDLB) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.03 per share a year ago.

Ponce Financial (PDLB) Reports Break-Even Earnings for Q2

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.

Ponce Financial Group, Inc. Reports Second Quarter 2023 Results

NEW YORK, June 28, 2023 (GLOBE NEWSWIRE) -- 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.

Ponce Financial Group, Inc. announces that it was added to the Russell 3000® Index

NEW YORK, May 24, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), today announced that the U.S. Department of the Treasury (“Treasury”) officially recertified the Bank as a Community Development Financial Institution (“CDFI”) on May 19, 2023. This recertification validates and empowers the Bank's mission to support Low and Moderate-Income communities and communities of color in and around New York City as well as a national commitment to support Hispanic, African-American, and Low-Income communities throughout the U.S.

U.S. Department of Treasury Recertifies Ponce Bank as a Community Development Financial Institution

NEW YORK, May 16, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), announced today that, following receipt of applicable regulatory clearances, its Board of Directors has adopted a share repurchase program intended to enhance shareholder value. 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.

Ponce Financial Group, Inc. Announces Share Repurchase Program

NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), today announced that the U.S. Department of the Treasury (“Treasury') officially certified Ponce Financial Group, Inc. (“PFG”), the holding company for Ponce Bank (the “Bank”) as a Community Development Financial Institution (“CDFI”) on  April 28, 2023. This certification validates and empowers PFG's mission to support Low and Moderate-income communities and communities of color in and around New York City as well as a national commitment to support Hispanic, African-American, and Low-Income communities throughout the U.S.

U.S. Department of Treasury Certifies Ponce Financial Group, Inc. as a Community Development Financial Institution

Ponce Financial (PDLB) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to loss of $0.31 per share a year ago.

Ponce Financial (PDLB) Surpasses Q1 Earnings and Revenue Estimates

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.

Ponce Financial Group, Inc. Reports First Quarter 2023 Results

NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), today announced that the Bank has been awarded a $3.7 million grant from the U.S. Treasury as part of the Community Development Financial Institutions ("CDFI") Equitable Recovery Program ("ERP") which aims to help CDFI's further their mission of helping low and low-to-moderate income communities recover from the impact of Covid-19. The U.S. Treasury indicated that the grant would be disbursed in June 2023 and its utilization would be subject to eligible activities and reporting in accordance with the ERP program.

Ponce Bank receives $3.7 million grant as part of CDFI Equitable Recovery Program

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Ponce: A Free Safe With $1 Million

Ponce Financial (PDLB) delivered earnings and revenue surprises of -900% and 15.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Ponce Financial (PDLB) Reports Q4 Loss, Misses Revenue Estimates

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.

Ponce Financial Group, Inc. Reports Fourth Quarter 2022 Results

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.

Ponce Financial Group, Inc. Reports Third Quarter 2022 Results

NEW YORK, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc. (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank, announced that the Company has formed an Environmental, Social & Governance (“ESG”) Committee comprised of the Executive Management Team that reports directly to the Board of Directors. The ESG Committee has adopted an ESG charter and policy to oversee and manage the Company's ESG initiatives. The first phase of the initiative is to perform a company-wide assessment of the Company's energy infrastructure to develop greener and greater results while optimizing cost saving measures for the Company. The Company also intends to perform a full-facility energy audit on an ongoing basis to assess and address any material gaps. The Company is fully committed to implementing the necessary steps to ensure that ESG concerns, and factors are embedded into its operating culture and delivering transparent and realistic reporting to all of its stakeholders.

Ponce Financial Group, Inc. announces formation of a Management Committee on Environmental, Social & Governance

Ponce Financial (PDLB) delivered earnings and revenue surprises of 0% and 0.95%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Ponce Financial (PDLB) Meets Q2 Earnings Estimates

NEW YORK, July 29, 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”), reported net income of $771,000, or $0.03 per basic and diluted share, for the second quarter of 2022, compared to a net loss of ($6.8 million), or ($0.31) per basic and diluted share, for the prior quarter and net income of $5.9 million, or $0.35 per basic and diluted share, for the second quarter of 2021.

Ponce Financial Group, Inc. Announces 2022 Second Quarter Results

NEW YORK, June 09, 2022 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc. (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank, announced that the Company completed a private placement of $225 million of Senior Non-Cumulative Perpetual Preferred Stock, Series A (the “Preferred Stock”), to the U.S. Department of the Treasury (“Treasury”) pursuant to the Emergency Capital Investment Program (“ECIP”) on June 7, 2022.

News for Ponce Financial Group Stock (PDLB)