Ponce Financial Group, Inc. reported a net income of $5.8 million for the second quarter of 2025, compared to $5.7 million in the previous quarter and $3.1 million in the same quarter last year. This was driven by $45.9 million in interest and dividend income and $2.1 million in non-interest income.

Net interest income for the second quarter of 2025 was $24.4 million, reflecting a 10.01% increase from the prior quarter and a 36.43% increase from the same quarter last year. The net interest margin was 3.27% for the quarter, an improvement from 2.98% in the previous quarter and 2.62% in the same quarter last year.

For the six months ended June 30, 2025, net income was $12.1 million, an increase from $5.5 million in the same period last year. Total net income for the six months was $12.1 million, with net interest income increasing by $9.9 million to $46.6 million compared to the same period in 2024.

President and CEO, Carlos P. Naudon, highlighted the company’s strategy of prudent growth and incremental profitability, resulting in a doubling of diluted earnings per share to $0.50 for the six months ended June 30, 2025. The company’s net interest margin also improved by 29 basis points compared to the prior quarter.

Executive Chairman, Steven A. Tsavaris, discussed the company’s progress towards its commitments under the U.S. Treasury’s Emergency Capital Investment Program. Ponce Financial Group continues to meet its goals, with 80% deep impact lending after 12 quarters, positioning it well for the future.

Total assets for Ponce Financial Group increased by $113.9 million to $3.15 billion as of June 30, 2025, driven by growth in net loans receivable and other assets. Total liabilities also increased by $98.3 million, while total stockholders’ equity saw a $15.6 million increase to $521.1 million.

The company’s balance sheet shows a strong financial position, with a healthy net interest margin and steady growth in key metrics. Ponce Financial Group remains focused on its strategy of prudent growth and profitability, positioning it well for future success in the financial industry.

Read more at GlobeNewswire: Ponce Financial Group, Inc. Reports Second Quarter 2025