Revenue growth remains robust with a 27.1% year-over-year increase in net interest income, though net interest margins remain constrained at 0.9% due to competitive funding costs.
| Net Interest Income | 105.83M | 99.81M | 76.48M | 65.27M | 66.6M | 58.85M | 41.97M | 38.13M | 36.67M | 32.21M | 27.8M | 27.94M |
| NII Growth % | 131.03% | 30.51% | 17.18% | -2.01% | 13.18% | 40.21% | 10.06% | 4% | 13.85% | 15.83% | -0.48% | - |
| Net Interest Margin % | 3.21% | 3.1% | 2.52% | 2.37% | 2.88% | 3.56% | 3.1% | 3.62% | 3.46% | 3.48% | 3.73% | 3.97% |
| Interest Income | 190.19M | 185.53M | 162.64M | 125.87M | 82.75M | 67.1M | 53.34M | 50.49M | 46.16M | 38.99M | 33.74M | 33.59M |
| Interest Expense | 84.36M | 85.71M | 86.16M | 60.6M | 16.15M | 8.25M | 11.37M | 12.36M | 9.49M | 6.78M | 5.94M | 5.65M |
| Loan Loss Provision | 4.65M | 2.71M | 1.33M | 973K | 24.05M | 2.72M | 2.44M | 258K | 1.25M | 1.72M | -57K | 353K |
| Non-Interest Income | 8.83M | 8.78M | 4.66M | 8.6M | 4.37M | 10.48M | 7.62M | 1.99M | 2.15M | 2.37M | 1.57M | 1.74M |
| Non-Interest Income % | 4.44% | 4.52% | 2.78% | 6.4% | 5.01% | 13.51% | 12.5% | 3.79% | 4.45% | 5.72% | 4.45% | 4.92% |
| Total Revenue | 199.02M | 194.31M | 167.29M | 134.47M | 87.12M | 77.58M | 60.96M | 52.48M | 48.31M | 41.35M | 35.31M | 35.33M |
| Revenue Growth % | 61.55% | 16.15% | 24.41% | 54.35% | 12.3% | 27.25% | 16.16% | 8.64% | 16.81% | 17.11% | -0.04% | - |
| Non-Interest Expense | 67.12M | 66.38M | 64.12M | 67.04M | 83.77M | 32.98M | 41.91M | 45.91M | 33.77M | 35.82M | 27M | 25.49M |
| Efficiency Ratio | 33.72% | 34.16% | 38.33% | 49.86% | 96.16% | 42.52% | 68.76% | 87.49% | 69.91% | 86.61% | 76.47% | 72.16% |
| Operating Income | 42.9M | 39.51M | 15.69M | 5.85M | -36.85M | 33.62M | 5.24M | -6.05M | 3.8M | -2.96M | 2.43M | 3.83M |
| Operating Margin % | 21.56% | 20.33% | 9.38% | 4.35% | -42.29% | 43.34% | 8.59% | -11.53% | 7.86% | -7.16% | 6.88% | 10.85% |
| Operating Income Growth % | - | 151.89% | 167.98% | 115.88% | -209.58% | 542.29% | 186.54% | -259.27% | 228.18% | -221.93% | -36.6% | - |
| Pretax Income | 41.82M | 38.43M | 15.69M | 5.85M | -36.85M | 33.62M | 5.24M | -6.05M | 3.8M | -2.96M | 2.43M | 3.83M |
| Pretax Margin % | 21.01% | 19.78% | 9.38% | 4.35% | -42.29% | 43.34% | 8.59% | -11.53% | 7.86% | -7.16% | 6.88% | 10.85% |
| Income Tax | 10.46M | 9.73M | 4.71M | 2.5M | -6.84M | 8.21M | 1.38M | -924K | 1.12M | 1.42M | 1M | 1.31M |
| Effective Tax Rate % | 25% | 25.31% | 30.05% | 42.73% | 18.58% | 24.41% | 26.4% | 15.28% | 29.52% | -48.06% | 41.36% | 34.31% |
| Net Income | 31.37M | 28.7M | 10.97M | 3.35M | -30M | 25.41M | 3.85M | -5.13M | 2.68M | -4.39M | 1.43M | 2.52M |
| Net Margin % | 15.76% | 14.77% | 6.56% | 2.49% | -34.44% | 32.76% | 6.32% | -9.77% | 5.54% | -10.61% | 4.04% | 7.13% |
| Net Income Growth % | 116.07% | 161.6% | 227.33% | 111.17% | -218.04% | 559.62% | 175.18% | -291.45% | 161.02% | -407.86% | -43.41% | - |
| Net Income (Continuing) | 31.37M | 28.7M | 10.97M | 3.35M | -30M | 25.41M | 3.85M | -5.13M | 2.68M | -4.39M | 1.43M | 2.52M |
| EPS (Diluted) | 1.34 | 1.19 | 0.46 | 0.15 | -1.32 | 1.51 | 0.23 | -0.29 | 0.15 | -0.16 | 0.17 | 0.30 |
| EPS Growth % | 114.81% | 158.7% | 206.67% | 111.36% | -187.42% | 556.52% | 179.31% | -293.33% | 193.75% | -194.12% | -43.33% | - |
| EPS (Basic) | - | 1.21 | 0.46 | 0.15 | -1.32 | 1.52 | 0.23 | -0.29 | 0.15 | -0.16 | 0.17 | 0.30 |
| Diluted Shares Outstanding | 23.33M | 23.26M | 22.55M | 22.82M | 22.69M | 16.79M | 16.68M | 17.43M | 17.81M | 18.46M | 8.31M | 8.31M |
NYC Multifamily Concentration Risk
As reported in recent financial filings, PDLB achieved a 27.1% year-over-year growth in net interest income for 2026Q1, signaling a robust expansion in interest-earning capacity that appears to be outpacing the broader regional banking sector's performance during the current interest rate cycle.
The consistent upward trajectory in NII suggests that the bank is successfully leveraging its capital base to expand its loan portfolio. Investors should monitor whether this growth is sustainable as the bank shifts its focus toward C&I lending to diversify away from its legacy real estate concentration.
According to the latest quarterly data, PDLB's net interest margin remains constrained at 0.9%, reflecting the ongoing difficulty of managing deposit funding costs against the yield profile of a legacy multifamily loan book in a competitive New York City interest rate environment.
The persistent sub-1% NIM indicates that the bank's cost of funds is likely repricing in tandem with, or faster than, its asset yields. This margin pressure warrants further investigation into the bank's ability to attract lower-cost core deposits to improve its net interest spread.
Based on the bank's reported figures, the efficiency ratio has improved significantly to 34.0% in 2026Q1 from a high of 54.0% in 2023Q4, suggesting that management is successfully scaling operations and optimizing the cost structure following the recent mutual-to-stock conversion process.
This downward trend in the efficiency ratio implies better operating leverage as the bank grows its revenue base faster than its non-interest expenses. However, maintaining this level of efficiency will require disciplined control over the high fixed-cost base inherent in its physical branch footprint.
As indicated by the 2026Q1 provision expense of $1.7M, PDLB is actively building its allowance for credit losses, a prudent shift from the net recoveries observed in previous periods that may reflect management's cautious outlook on the New York City multifamily real estate market.
The transition to consistent positive provisioning suggests an acknowledgment of potential credit deterioration within the rent-stabilized portfolio. Analysts should monitor whether these provisions are sufficient to cover potential losses if regulatory or economic conditions in the NYC housing market continue to tighten.
While the bank's CDFI/MDI status provides a unique capital buffer, the heavy concentration in New York City multifamily real estate, as evidenced by the bank's geographic footprint, creates a structural vulnerability to local regulatory shocks that could impair collateral values and future earnings durability.
The reliance on a single, highly regulated asset class suggests that the bank's earnings quality may be more sensitive to local policy changes than to broader macroeconomic interest rate trends. Investors should consider whether the current valuation adequately discounts the risk of potential credit losses in this specific segment.
Quick answers to the most common questions about buying PDLB stock.
Ponce Financial Group, Inc. (PDLB) is profitable, generating $28.7M in net income for the fiscal year ending 2025 with a net profit margin of 14.8%.
Ponce Financial Group, Inc. (PDLB) reported an operating income of $39.5M, resulting in an operating profit margin of 20.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Ponce Financial Group, Inc. (PDLB) generated $105.9M in gross profit for the year, representing a gross profit margin of 54.5%. This demonstrates the company's core pricing power and production efficiency.