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Sep 30, 2024
Ponce Financial Q3 2024 Earnings Report
Announced results for the third quarter of 2024.
Key Takeaways
Ponce Financial Group reported a net income available to common stockholders of $2.2 million, or $0.10 per diluted share, for the three months ended September 30, 2024. Net interest income increased by $1.1 million, or 6.25%, from the prior quarter and increased $2.5 million, or 15.00%, from the same quarter last year. Net interest margin was 2.65% for the third quarter of 2024, versus 2.62% for the prior quarter and versus 2.58% for the same quarter last year.
Net income available to common stockholders was $2.2 million, or $0.10 per diluted share.
Net interest income of $19.0 million increased $1.1 million, or 6.25%, from the prior quarter and increased $2.5 million, or 15.00%, from the same quarter last year.
Net interest margin was 2.65%, versus 2.62% for the prior quarter and versus 2.58% for the same quarter last year.
Cash and equivalents were $155.8 million as of September 30, 2024, an increase of $16.6 million, or 11.94%, from December 31, 2023.
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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