Ponce Financial Group Inc. 2025年季度报告

FORM10-Q ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from Ponce Financial Group, Inc. Maryland(State or other jurisdiction ofincorporation or organization)2244 Westchester AvenueBronx,NY(Address of principal executive offices)Registrant’s telephone number, including area code: (718)931-9000 87-1893965(I.R.S. EmployerIdentification No.) 10462(Zip Code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Common stock, par value $0.01 per share Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Table of Contents Page11123 PART I.FINANCIAL INFORMATION Item 1.Consolidated Financial Statements Consolidated Statements of Financial Condition (Unaudited)Consolidated Statements of Operations (Unaudited)Consolidated Statements of Comprehensive Income (Unaudited)Consolidated Statements of Stockholders’ Equity (Unaudited)Consolidated Statements of Cash Flows (Unaudited)Notes to Consolidated Financial Statements (Unaudited)Item 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPART II.OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures PART I—FINANCIAL INFORMATION Ponce Financial Group, Inc. and Subsidiaries Consolidated Statementsof Operations (Unaudited)Three Months Ended March 31, 2025 and 2024(Dollars in thousands, except share data) Ponce Financial Group, Inc. and Subsidiaries Consolidated Statements of Comprehensive Income (Loss) (Unaudited)Three Months Ended March 31, 2025 and 2024 Table of Contents Ponce Financial Group, Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited) Note 1. Nature of Business Basis of Presentation and Consolidation: Ponce Financial Group, Inc. (hereafter referred to as “we,” “our,” “us,” “Ponce Financial Group, Inc.,” or the “Company”) is theholding company of Ponce Bank (“Ponce Bank” or the “Bank”), a federally chartered stock savings association. The Company’sConsolidated Financial Statements presented herein have been prepared in accordance with accounting principles generally The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiary Ponce Bank (the“Bank”) and the Bank’s wholly-owned subsidiary, Ponce De Leon Mortgage Corp., which is a mortgage banking entity. All For further information, refer to the audited Consolidated Financial Statements and Notes included in the Company' Annual Reporton Form 10-K for the year ended December 31, 2024 filed with the SEC on March 13, 2025 (the "2024 Form 10-K"). Use of Estimates: In preparing the consolidated financial statements, management is required to make estimates and assumptionsthat affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, as of the date of theconsolidated statement of financial condition, and revenues and expenses for the reporting period. Actual results could differ fromthose estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination Segment Reporting:EffectiveDecember 31, 2024, the CompanyadoptedAccounting Standards Update ASU 2023-07,"SegmentReporting (Topic 280): Improvements to Reportable Segment Disclosures."Operating segments are defined a