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Stock impact report

Ponce Financial Group, Inc. Reports First Quarter 2024 Results

Ponce Financial Group, Inc. (PDLB) 
US:NASDAQ Investor Relations: poncebank.gcs-web.com
Company Research Source: GlobeNewswire
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 dividend income, $1.7 million in non-interest income and $0.2 million in benefit for credit losses, offset by $20.8 million in interest expense and $17.0 million in non-interest expense.Net interest income of $18.8 million for the first quarter of 2024 increased $1.6 million, or 9.46%, from the pr Show less Read more
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