Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
02 October 2017Website:
http://www.poncebank.comNext earnings report:
26 July 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | Wed, 03 Jul 2024 13:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
PDLB Latest News
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 from 2.0% to 0.50% for the quarterly dividends payable through June 2025, resulting in a one-year annualized savings of $3.375 million.
Ponce Financial (PDLB) reported quarterly earnings of $0.11 per share, surpassing the Zacks Consensus Estimate of a loss of $0.03 per share. This is an improvement from earnings of $0.01 per share in the same quarter last year.
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Ponce Financial (PDLB) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Ponce Financial (PDLB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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) 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.
What type of business is Ponce Financial?
Ponce Financial Group, Inc. operates as the bank holding company for Ponce Bank that 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 and owner-occupied residential, multifamily residential, nonresidential property, construction and land, commercial and industrial, business, 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 2 mortgage loan offices in Queens, 1 mortgage loan office in Brooklyn, New York; and 1 mortgage loan office in Englewood Cliffs and 1 mortgage loan office in Bergenfield, New Jersey. Ponce Financial Group, Inc. was founded in 1960 and is headquartered in Bronx, New York.
What sector is Ponce Financial in?
Ponce Financial is in the Financial Services sector
What industry is Ponce Financial in?
Ponce Financial is in the Banks - Regional industry
What country is Ponce Financial from?
Ponce Financial is headquartered in United States
When did Ponce Financial go public?
Ponce Financial initial public offering (IPO) was on 02 October 2017
What is Ponce Financial website?
https://www.poncebank.com
Is Ponce Financial in the S&P 500?
No, Ponce Financial is not included in the S&P 500 index
Is Ponce Financial in the NASDAQ 100?
No, Ponce Financial is not included in the NASDAQ 100 index
Is Ponce Financial in the Dow Jones?
No, Ponce Financial is not included in the Dow Jones index
When does Ponce Financial report earnings?
The next expected earnings date for Ponce Financial is 26 July 2024