Ponce Financial Group, Inc.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Carlos Naudon
- Full Time Employees
- 211
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 2244 Westchester Avenue Bronx NY United States of America 10462
- IPO Date
- Oct 2, 2017
- CIK
- 0001874071
- Website
- poncebank.com
- Similar Companies
- Business
- Ponce Financial Group, Inc. (Nasdaq: PDLB) operates as the holding company for Ponce Bank, a federally chartered national savings association and certified Community Development Financial Institution (CDFI) and Minority Depository Institution (MDI) that provides community-focused banking products and services primarily in the New York City metropolitan area; core offerings include various deposit products such as checking, savings, money market, and certificate of deposit accounts, alongside lending solutions encompassing one-to-four family residential mortgages (investor-owned and owner-occupied), multifamily residential loans, nonresidential property loans, construction and land loans, commercial and industrial business loans, consumer loans, and small business loans through initiatives like Prosper; the Bank also invests in securities including U.S. government and agency obligations, mortgage-backed securities, corporate bonds, and Federal Home Loan Bank of New York stock. Founded in 1960 by migrants from Puerto Rico and headquartered in the Bronx, New York, the company serves low-to-moderate income (LMI) and immigrant communities with over 75% of its loans directed to these areas, ranking #1 nationwide among CDFIs for housing focus, #2 in LMI community loans, and #5 in total loans according to the National Community Investment Fund. Recent developments include the conversion of Ponce Bank to a national association charter in October 2025, the launch of Ponce Bank Direct as a digital banking platform offering competitive CD rates and small business services, a $20 million low-cost deposit investment from Mizuho Bank (USA) in 2023 to expand community lending impact, and a $50,000 Federal Home Loan Bank of New York grant award in November 2025 supporting recovery for 12 small businesses.
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