Ponce Financial delivers record book value growth amid resilient net interest margins

Ponce Financial Group (NASDAQ:PDLB) reported a profitable start to 2026, characterized by a double-digit rise in shareholder equity and a stable interest margin that underscores the lender’s successful navigation of the current rate environment.

The Bronx, New York-based holding company for Ponce Bank reported first-quarter 2026 net income available to common stockholders of $8.3 million, or $0.36 per diluted share.

Total net income for the period reached $8.6 million.

The results were driven by a robust net interest income of $28.2 million, supported by a net interest margin (NIM) of 3.61%, as the bank continues to benefit from the repricing of its loan portfolio.

A standout metric for the quarter was the growth in book value per share, which climbed to $13.49—a 12% increase compared to the first quarter of 2025.

This growth reflects the company’s disciplined capital management and the impact of the full conversion and reorganization completed in previous years.

Total assets for the group rose to $3.30 billion as of March 31, 2026.

On the balance sheet, Ponce reported total loans of $2.70 billion and total deposits of $2.13 billion.