NASDAQ$PDLB
Ponce Financial Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Ponce Financial Group's performance improved with increased net income and strategic expense management.
Ponce Financial Group reported a net income available to common stockholders of $3.1 million, or $0.14 per diluted share, for the second quarter of 2024, compared to a net loss of ($0.1) million, or $0.00 per diluted share for the same quarter last year. The increase in net income was primarily driven by higher net interest income, a benefit for credit losses, and reduced non-interest expenses.
- Net income available to common stockholders was $3.1 million, or $0.14 per diluted share.
- Net interest income increased by $1.6 million, or 9.96%, compared to the same quarter last year.
- Non-interest expense decreased by $0.9 million, or 5.51%, compared to the same quarter last year.
- Cash and equivalents were $103.2 million as of June 30, 2024.
Headline financials
Revenue & EPS history
Ponce Financial · Revenue · Quarterly
$20.2M
Forward guidance
The company anticipates that a prudent approach to underwriting practices and balance sheet management might result in lower growth in the coming quarters.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
49%
17 / 35 earnings
Positive
+10.9%
Q3 2020
Best reaction
-8.4%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | -0.3% | +5.9% | |
| Q4 2025 | +1.0% | +1.9% | -2.3% | |
| Q3 2025 | +1.7% | -1.3% | +6.7% | |
| Q2 2025 | -1.3% | -3.3% | -0.9% | |
| Q1 2025 | +1.1% | +2.6% | +0.7% | |
| Q4 2024 | +0.2% | -0.1% | -2.3% | |
| Q3 2024 | -1.5% | +1.6% | +13.2% | |
| Q2 2024 | +0.6% | -4.8% | +13.4% | |
| Q1 2024 | +4.3% | +6.8% | +12.6% | |
| Q4 2023 | -3.5% | -1.6% | -6.1% | |
| Q3 2023 | -0.9% | +2.2% | +22.9% | |
| Q2 2023 | -4.7% | -2.5% | -18.4% | |
| Q1 2023 | +4.2% | -1.1% | +5.8% | |
| Q4 2022 | -8.4% | -6.1% | -7.8% | |
| Q3 2022 | +1.1% | +5.8% | +7.1% | |
| Q2 2022 | -0.5% | -0.9% | +2.5% | |
| Q1 2022 | -4.2% | -3.2% | -3.1% | |
| Q4 2021 | -0.3% | +1.9% | +1.5% | |
| Q3 2021 | -0.1% | -3.2% | -5.2% | |
| Q2 2021 | +0.9% | +5.5% | +5.3% | |
| Q1 2021 | +2.5% | +0.8% | +26.4% | |
| Q4 2020 | +8.5% | +14.8% | -0.8% | |
| Q3 2020 | +10.9% | +5.2% | +19.9% | |
| Q2 2020 | -5.0% | -4.9% | -14.6% | |
| Q1 2020 | -0.1% | -6.2% | -2.9% | |
| Q4 2019 | +0.9% | -2.1% | -23.4% | |
| Q3 2019 | +1.0% | +0.1% | +5.1% | |
| Q2 2019 | -0.9% | -0.2% | +0.1% | |
| Q1 2019 | -0.3% | -2.3% | -3.2% | |
| Q4 2018 | +0.5% | +0.6% | +3.1% | |
| Q3 2018 | -0.4% | -3.4% | -8.2% | |
| Q2 2018 | -0.1% | -0.3% | +0.8% | |
| Q1 2018 | -0.6% | -0.6% | -3.3% | |
| Q4 2017 | -1.0% | +1.0% | +10.6% | |
| Q3 2017 | +0.1% | +1.9% | +0.7% | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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