← Ponce Financial Group, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income | ($5.1m) |
$3.9m
+175.18%
|
$25.4m
+559.62%
|
($30.0m)
-218.04%
|
$3.4m
+111.17%
|
$11.0m
+227.33%
|
$28.7m
+161.60%
|
$33.8m
+17.63%
|
|
| Amortization of premiums/discounts on securities, net | $42k | $7k | $120k | $342k | ($118k) | ($121k) | ($56k) | — | |
| Depreciation and amortization | $2.2m | $2.5m | $2.5m | $4.3m | $4.5m | $4.7m | $4.8m | $4.9m | |
| Deferred income taxes (benefit) | ($2.1m) | ($932k) | $1.3m | ($7.9m) | $1.3m | $2.2m | ($634k) | ($1.5m) | |
| Share-based compensation expense | $1.3m | $1.4m | $1.4m | $1.6m | $1.9m | $2.1m | $1.9m | $4.7m | |
| Increase (decrease) in accrued interest receivable | ($187k) | ($7.4m) | ($966k) | ($2.7m) | ($3.0m) | $239k | ($134k) | — | |
| (Decrease) increase in accrued interest payable | $34k | ($37k) | $168k | $1.2m | $10.6m | ($8.3m) | $76k | — | |
| Decrease (increase) in other assets | $1.4m | ($10.0m) | ($10.6m) | ($11.8m) | ($10.7m) | $30k | $7.6m | — | |
| Net (decrease) increase in other liabilities | ($2.9m) | $7.4m | ($2.3m) | ($2.5m) | $7.4m | ($3.3m) | ($1.6m) | — | |
| Net cash provided by operating activities | $5.0m |
($27.5m)
-644.99%
|
$18.6m
+167.47%
|
$9.8m
-47.18%
|
$6.5m
-33.74%
|
$7.2m
+11.07%
|
$55.6m
+670.85%
|
$58.3m
+4.79%
|
|
| Loss on sale of real property | — | ($4.2m) | ($20.3m) | $436k | — | — | — | — | |
| Purchases of premises and equipment | ($3.8m) | ($1.9m) | ($4.2m) | ($492k) | ($411k) | ($2.7m) | ($978k) | — | |
| Net cash used in investing activities | ($38.7m) | ($204.6m) | ($211.1m) | ($777.1m) | ($332.9m) | ($294.9m) | ($219.7m) | ($348.4m) | |
| Net (repayments) proceeds from borrowings | — | — | ($11.0m) | $411.1m | $167.0m | ($88.3m) | $0 | — | |
| Dividends paid on preferred stock | — | — | — | — | — | ($588k) | ($1.1m) | ($1.1m) | |
| Net cash provided by financing activities | ($8.5m) |
$276.5m
+3361.41%
|
$274.4m
-0.76%
|
$667.7m
+143.34%
|
$411.2m
-38.41%
|
$288.3m
-29.89%
|
$150.4m
-47.82%
|
$303.5m
+101.74%
|
|
| Net decrease (increase) in cash and cash equivalents | ($42.1m) | $44.4m | $81.8m | ($99.5m) | $84.8m | $649k | ($13.7m) | — | |
| Cash and cash equivalents at beginning of year | $27.7m | $72.1m | $153.9m | $54.4m | $139.2m | $139.8m | $126.2m | $126.6m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Gain on sale of loans | $102k | $62k | ($69k) | ($184k) | ($558k) | ($1.2m) | ($1.0m) | — | |
| Gain on derivatives | — | ($166k) | ($172k) | ($22k) | — | — | — | — | |
| Microloans (recoveries) write-off | — | — | — | $17.9m | ($1.5m) | ($201k) | $0 | — | |
| Provision for credit losses | — | — | $2.7m | $24.0m | $973k | $1.3m | $3.8m | — | |
| ESOP compensation expense | $766k | $540k | $1.4m | $1.4m | $1.1m | $1.5m | $2.2m | — | |
| Decrease (increase) in mortgage loans held for sale, at fair value | ($1.0m) | ($23.8m) | $18.8m | $13.9m | ($7.4m) | $292k | $12.6m | — | |
| Decrease in operating lease liabilities | — | — | — | ($2.1m) | ($2.4m) | ($2.6m) | ($2.7m) | — | |
| (Decrease) increase in advance payments by borrowers | $311k | $671k | $638k | $2.1m | $1.1m | ($429k) | — | — | |
| Net (purchase) redemption of FHLBNY Stock | — | — | — | ($18.7m) | $5.3m | ($9.8m) | ($127k) | — | |
| Purchase of FRBNY stock | ($34.0m) | ($13.6m) | ($109.9m) | ($58.4m) | — | — | ($10.7m) | — | |
| Proceeds from maturities, calls and principal repayments on securities | $39.6m | $17.8m | $9.3m | $40.3m | $61.0m | $109.5m | $113.5m | — | |
| Placements with banks | — | ($2.7m) | $249k | $996k | $1.2m | — | $0 | — | |
| Proceeds from sales of loans | $3.6m | $4.0m | $14.4m | $9.7m | $2.8m | $2.6m | $7.8m | — | |
| Net increase in loans | ($41.2m) | ($209.4m) | ($162.7m) | ($221.6m) | ($402.7m) | ($388.5m) | ($329.2m) | — | |
| Purchase of loans | — | — | — | — | — | ($6.0m) | — | — | |
| Net increase in deposits | ($27.7m) | $247.5m | $175.1m | $47.7m | $255.2m | $377.2m | $151.4m | — | |
| Stock options exercised | — | — | — | $2k | — | — | $142k | — | |
| Proceeds from issuance of preferred stock | — | — | — | $225.0m | — | — | — | — | |
| Repurchase of treasury stock | ($15.8m) | ($4.7m) | ($1.6m) | — | ($11.0m) | — | — | — | |
| Contribution to the Ponce De Leon Foundation | — | — | — | ($1.0m) | — | — | — | — | |
| Net advances on warehouse lines of credit | — | $20.8m | ($14.9m) | ($15.1m) | — | — | — | — | |
| Interest | $12.3m | $11.4m | $8.1m | $15.0m | $50.0m | $94.4m | $85.6m | $85.2m | |
| Income taxes | $1.2m | $531k | $6.0m | $173k | $1.0m | $2.2m | $8.5m | — | |
| ROU Assets | — | — | — | $35.9m | — | — | — | — | |
| Operating lease liabilities | — | — | — | $36.7m | — | — | — | — | |
| Loans receivable | — | — | — | — | $4.1m | $824k | ($4.6m) | — |