---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-018316"
form_type: "8-K"
ticker: "PDLB"
cik: "0001874071"
company_name: "Ponce Financial Group, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-26T00:01:33.698608+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ponce Financial writes off $8.1M from Grain fraud; expects $0.26 EPS hit

## Summary
- Write-off of $6.3M and additional reserve of $1.7M on Grain Receivable due to synthetic identity fraud.
- Pre-tax earnings impact of ~$8.1M; net income impact of ~$5.7M ($0.26 per basic/diluted share).
- No new microloans originated until further notice; existing extensions require fraud confirmation.
- Remaining Grain Receivable of $2.2M may be further impaired if Grain cannot pay.

## SEC filing metadata
- accession: 0001564590-22-018316
- form_type: 8-K
- ticker: PDLB
- cik: 0001874071
- company_name: Ponce Financial Group, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874071/000156459022018316/0001564590-22-018316-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874071/000156459022018316/pdlb-8k_20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-018316
- JSON: https://secwatch.observer/filing/0001564590-22-018316.json
- Plain text: https://secwatch.observer/filing/0001564590-22-018316.txt

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