Ponce Financial Group, Inc., is the holding company for Ponce Bank. Ponce Bank is a Minority Depository Institution, a Community Development Financial Institution, and a certified Small Business Administration lender. Ponce Bank’s business primarily consists of taking deposits from the general public and to a lesser extent alternative funding sources and investing those funds, together with funds generated from operations and borrowings, in mortgage loans, consisting of 1-4 family residences (investor-owned and owner-occupied), multifamily residences, nonresidential properties, construction and land, and, to a lesser extent, in business and consumer loans. Ponce Bank also invests in securities, which consist of U.S. Government and federal agency securities and securities issued by government-sponsored or government-owned enterprises, as well as, mortgage-backed securities, corporate bonds and obligations, and Federal Home Loan Bank stock.
Company profile
Ticker
PDLB
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Ponce De Leon Mortgage Corporation ...
PDLB stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEFA14A
Additional proxy soliciting materials
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
10-K
2023 FY
Annual report
19 Mar 24
8-K
Regulation FD Disclosure
30 Jan 24
8-K
Ponce Financial Group, Inc. Reports Fourth Quarter 2023 Results
30 Jan 24
S-8
Registration of securities for employees
6 Dec 23
8-K
Ponce Bank was accepted into the Department of the Treasury, Bureau of Fiscal Service, Minority Bank Deposit Program
20 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Ponce Financial Group, Inc. Announces Participation in a Virtual Bank Conference
8 Nov 23
Latest ownership filings
SC 13G/A
M3 PARTNERS LP
14 Feb 24
SC 13G/A
T. Rowe Price Investment Management, Inc.
14 Feb 24
SC 13G/A
Ponce Bank Employees Stock Ownership Plan with 401(k) Provisions
13 Feb 24
SC 13G
BlackRock Inc.
26 Jan 24
4
Michael J. Lagoudis
11 Dec 23
4
Madeline V. Marquez
11 Dec 23
4
Luis Gerardo Jr. Gonzalez
11 Dec 23
4
Elizabeth Macias
11 Dec 23
4
Ioannis Kouzilos
11 Dec 23
4
Sergio Javier Vaccaro
11 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 117.01 mm | 117.01 mm | 117.01 mm | 117.01 mm | 117.01 mm | 117.01 mm |
Cash burn (monthly) | 42.26 mm | (no burn) | (no burn) | 575.83 k | 8.58 mm | 2.49 mm |
Cash used (since last report) | 294.08 mm | n/a | n/a | 4.01 mm | 59.69 mm | 17.33 mm |
Cash remaining | -177.07 mm | n/a | n/a | 113.00 mm | 57.32 mm | 99.69 mm |
Runway (months of cash) | -4.2 | n/a | n/a | 196.2 | 6.7 | 40.0 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 52 |
Opened positions | 3 |
Closed positions | 4 |
Increased positions | 12 |
Reduced positions | 16 |
13F shares | Current |
---|---|
Total value | 46.36 bn |
Total shares | 41.01 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Ponce Bank Employees Stock Ownership Plan with 401 | 15.69 mm | $0.00 |
Ponce De Leon Foundation | 12.50 mm | $190.56 mm |
T. Rowe Price Investment Management | 2.51 mm | $19.65 mm |
M3F | 2.16 mm | $16.89 mm |
M3 Partners | 2.04 mm | $0.00 |
BLK Blackrock | 1.55 mm | $12.09 bn |
Vanguard | 1.06 mm | $8.26 bn |
Dimensional Fund Advisors | 520.26 k | $4.07 bn |
BAC Bank Of America | 509.12 k | $3.98 bn |
Geode Capital Management | 414.48 k | $3.24 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Dec 23 | James C. Demetriou | Common Stock | Grant | Acquire A | No | No | 10.33 | 28,530 | 294.71 k | 131,509 |
7 Dec 23 | James C. Demetriou | Premium Stock Options Common Stock | Grant | Acquire A | No | No | 11.08 | 3,000 | 33.24 k | 15,000 |
7 Dec 23 | James C. Demetriou | Premium Stock Options Common Stock | Grant | Acquire A | No | No | 10.89 | 3,000 | 32.67 k | 12,000 |
7 Dec 23 | James C. Demetriou | Premium Stock Options Common Stock | Grant | Acquire A | No | No | 10.7 | 3,000 | 32.10 k | 9,000 |
7 Dec 23 | James C. Demetriou | Premium Stock Options Common Stock | Grant | Acquire A | No | No | 10.52 | 3,000 | 31.56 k | 6,000 |
7 Dec 23 | James C. Demetriou | Premium Stock Option Common Stock | Grant | Acquire A | No | No | 10.33 | 3,000 | 30.99 k | 3,000 |
7 Dec 23 | Nick R. Lugo | Common Stock | Grant | Acquire A | No | No | 10.33 | 28,530 | 294.71 k | 127,555 |
7 Dec 23 | Nick R. Lugo | Premium Stock Options Common Stock | Grant | Acquire A | No | No | 11.08 | 3,000 | 33.24 k | 15,000 |
7 Dec 23 | Nick R. Lugo | Premium Stock Options Common Stock | Grant | Acquire A | No | No | 10.89 | 3,000 | 32.67 k | 12,000 |
7 Dec 23 | Nick R. Lugo | Premium Stock Options Common Stock | Grant | Acquire A | No | No | 10.7 | 3,000 | 32.10 k | 9,000 |