Ponce Financial reports FY2024 net income $10.3M, up 200% YoY; ECIP buyback could add $8/share book value

Ponce Financial Group, Inc.

Net income $10.3M in 2024, up over 200% from 2023; ROA reached 85bps in Q1 2025.
Assets grew to $3.0B from $700M in 2015; total capital over $500M.
Signed contract with Treasury to repurchase $225M ECIP preferred shares at deep discount, potentially adding over $8/share to book value as early as Q3 2026.
Digital branch PonceBank+Direct gathered $34M deposits in first 12 weeks without paid advertising.
Up to $55M in municipal deposits committed via Westchester Ave branch Banking Development District.

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