Ponce Financial Group reported a net income available to common stockholders of $2.7 million, or $0.12 per diluted share, for Q4 2024, compared to $0.5 million, or $0.02 per diluted share, for Q4 2023. Net interest income increased by $3.5 million, or 20.54%, compared to the same quarter last year. The company's levels of liquidity and capital remain strong, with loans growing by 20.61% and deposits by 25.02%.
Net income available to common stockholders was $2.7 million, or $0.12 per diluted share.
Net interest income increased to $20.7 million, up 20.54% from the same quarter last year.
Net interest margin increased to 2.80%, compared to 2.66% for the same quarter last year.
Loans grew by 20.61% and deposits by 25.02%.
Ponce Financial Group is working diligently to ensure that it will meet the conditions necessary to allow them to repurchase their ECIP preferred stock in the future.
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