---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-074329"
form_type: "8-K"
ticker: "PDLB"
cik: "0001874071"
company_name: "Ponce Financial Group, Inc."
filed_at: "2024-06-17T23:59:59+00:00"
generated_at: "2026-06-01T04:10:43.340159+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ponce Financial reports 19% asset growth in 2023; shareholders vote against exec comp

## Summary
- Say-on-pay: 9.5M votes against (55% of votes cast); Compensation Committee to address concerns.
- Total assets grew 19%, loans up 26%, deposits up 20% in 2023; net loan CAGR 14.8% over 5 years.
- Repurchased 1.235M shares at ~20% discount to year-end book value of $11.20; book value up 4%.
- Capital ratio 23.3% (twice highest well-capitalized threshold); ranked 5th in ECIP deep-impact lending.
- Received $4.28M in grants; added to Russell 3000 in 2023; liquidity + FHLB capacity = $778.8M.

## SEC filing metadata
- accession: 0000950170-24-074329
- form_type: 8-K
- ticker: PDLB
- cik: 0001874071
- company_name: Ponce Financial Group, Inc.
- filed_at: 2024-06-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874071/000095017024074329/0000950170-24-074329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874071/000095017024074329/pdlb-20240613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-074329
- JSON: https://secwatch.observer/filing/0000950170-24-074329.json
- Plain text: https://secwatch.observer/filing/0000950170-24-074329.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.