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Get filing alertsPonce Financial achieves 1% ROA, ranks #40 among $3-10B banks, enters ECIP repurchase option
Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read
Key Changes
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Ponce Bank achieved 1% return on average assets in 2025; EPS more than doubled to $1.21 from $0.46 in 2024; revenues grew 45% from 2023 while expenses rose only 1%.
Exhibit 99.1 view on EDGAR → -
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Entered purchase option agreement with U.S. Treasury to repurchase ECIP preferred stock as soon as Q3 2026, subject to conditions; management expects the transaction to increase book value per share.
Exhibit 99.1 view on EDGAR → -
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S&P Global ranked Ponce Bank #40 among U.S. community banks with $3-10B in assets for 2025, validating strong performance relative to peers.
Exhibit 99.1 view on EDGAR → -
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Say-on-pay vote passed with 11,067,224 for and 5,852,807 against (65.4% approval), with 2,590,590 broker non-votes; the 34.6% opposition level is elevated.
Item 5.07 verify on EDGAR → -
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Stockholders elected three directors (Tsavaris, Perez, Cintron) to serve until 2029 and ratified Forvis Mazars as auditor with 99.1% approval.
Item 5.07 verify on EDGAR →
Summary
Ponce Financial Group disclosed strong 2025 financial results at its annual meeting, with the bank achieving a 1% return on average assets—a key performance benchmark—and basic EPS more than doubling to $1.21. The company demonstrated exceptional operating leverage, growing revenues 45% from 2023 while holding expense growth to just 1%.
S&P Global's ranking of Ponce Bank as the 40th best-performing institution among $3-10 billion asset banks provides third-party validation of this performance. The company has entered a purchase option agreement with the U.S. Treasury to repurchase its ECIP preferred stock as soon as Q3 2026, subject to conditions.
Management expects the transaction, if completed, to increase book value per share by eliminating the Treasury's preferred equity stake. The bank is also investing in growth infrastructure, including a new Manhattan branch, a $50 million Banking Development District deposit, AI-powered construction lending technology, and a 32% increase in hiring. The say-on-pay vote passed with 65.4% support, but the 34.6% opposition is elevated and may prompt board review of compensation practices. The three director elections and auditor ratification were routine governance matters with strong support.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Ponce Financial Group held its 2026 annual meeting, electing three directors, ratifying Forvis Mazars as auditor, and approving executive compensation.
Added in current filing · view on EDGAR → · paraphrased
For Against Abstain Broker Non-Vote
11,067,224 5,852,807 394,415 2,590,590
Stockholders approved, on a non-binding advisory basis, the compensation of named executive officers. The proposal received 11,067,224 votes for, 5,852,807 against, 394,415 abstentions, and 2,590,590 broker non-votes. This represents approximately 65.4% approval of votes cast, with opposition at 34.6%, which is elevated and may warrant board attention to compensation practices.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
Steven A. Tsavaris
14,732,162 | 2,582,284 | 2,590,590 | James Perez | 13,829,594 | 3,484,852 | 2,590,590 | Marlene Cintron | 16,825,753 | 488,693 | 2,590,590
Stockholders elected three directors to serve until 2029. Steven Tsavaris received 14,732,162 votes for with 2,582,284 abstentions; James Perez received 13,829,594 for with 3,484,852 abstentions; and Marlene Cintron received 16,825,753 for with 488,693 abstentions. Each nominee had 2,590,590 broker non-votes. All three nominees were elected.
Added in current filing · verify on EDGAR →
For | Against | Abstain | 19,264,595 | 176,733 | 463,708
Stockholders ratified the appointment of Forvis Mazars, LLP as the company's independent registered public accounting firm for 2026. The proposal received 19,264,595 votes for, 176,733 against, and 463,708 abstentions, with no broker non-votes. This represents approximately 99.1% approval of votes cast.
Event · Item 8.01 — Other Events
CEO delivered remarks to stockholders at the Annual Meeting; transcript furnished as exhibit.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
At the Annual Meeting, Carlos P. Naudon, President and Chief Executive Officer of Ponce Financial Group, Inc., delivered remarks to the stockholders, which are furnished herewith as Exhibit 99.1.
The company furnished a transcript of CEO remarks delivered at the Annual Meeting. The 8-K body does not summarize the content of those remarks; they are provided in Exhibit 99.1.
Event · Exhibit 99.1
CEO remarks at 2026 annual meeting highlighting 1% ROA achievement, S&P ranking #40 among $3-10B banks, and ECIP repurchase option agreement.
Added in current filing · view on EDGAR →
THIS YEAR, PONCE BANK ACHIEVED A 1% RETURN ON AVERAGE ASSETS. ... BASIC EARNINGS PER SHARE FOR 2025 REACHED $1.21, COMPARED TO $0.46 IN 2024 AND $0.15 IN 2023.
OVER THE SAME PERIOD, PFG'S TOTAL REVENUES, INCLUDING NET INTEREST INCOME AND NON-INTEREST INCOME—GREW 45% FROM 2023, WHILE EXPENSES INCREASED JUST 1%.
AS OF DECEMBER 31, 2025, PFG MAINTAINED TOTAL CAPITAL TO RISK-WEIGHTED ASSETS OF 24% (23.72%) AND AN EFFICIENCY RATIO OF 61%, REFLECTING STRONG OPERATIONAL DISCIPLINE.
Ponce Bank achieved a 1% return on average assets in 2025, a key performance benchmark. Basic earnings per share more than doubled year-over-year to $1.21 from $0.46 in 2024. Total revenues grew 45% from 2023 while expenses rose only 1%, demonstrating strong operational leverage. The bank maintained a robust 24% total capital to risk-weighted assets ratio and a 61% efficiency ratio.
Added in current filing · view on EDGAR →
S&P GLOBAL RANKED US THE 40TH BEST PERFORMING BANK IN THE COUNTRY AMONG THE $3-10 BILLION ASSET SIZED BANKS FOR 2025. ... PONCE BANK WAS RANKED #40 AMONG THE TOP 50 BEST-PERFORMING U.S. COMMUNITY BANKS OF 2025 (FOR INSTITUTIONS WITH $3B–$10B IN ASSETS) BY S&P GLOBAL MARKET INTELLIGENCE.
S&P Global Market Intelligence ranked Ponce Bank as the 40th best-performing bank among U.S. community banks with $3 billion to $10 billion in assets for 2025. This third-party recognition validates the bank's strong financial performance and operational execution relative to peers in its asset class.
Added in current filing · view on EDGAR →
AS PREVIOUSLY REPORTED, WE'VE ENTERED AN ECIP PURCHASE OPTION AGREEMENT WITH THE US DEPARTMENT OF THE TREASURY, ALLOWING REPURCHASE AS SOON AS 3Q 2026, ASSUMING SATISFACTION OF THE NECESSARY CONDITIONS. WHILE THERE'S NO ASSURANCE AS TO SATISFACTION OF THESE CONDITIONS OR THE FINAL PRICE, IF THE REPURCHASE TRANSACTION IS CONSUMMATED, WE EXPECT THAT IT WILL INCREASE OUR BOOK VALUE PER SHARE.
The company has entered a purchase option agreement with the U.S. Treasury to repurchase its ECIP (Emergency Capital Investment Program) preferred stock as soon as the third quarter of 2026, subject to conditions. Management expects the repurchase, if completed, to increase book value per share, though the final price and satisfaction of conditions are not assured. This would eliminate the Treasury's preferred equity stake and potentially enhance shareholder value.
Added in current filing · view on EDGAR →
IN 2025, WE EXPANDED OUR FOOTPRINT WITH THE OPENING OF OUR NEWEST BRANCH IN INWOOD NEIGHBORHOOD OF MANHATTAN, MARKING AN IMPORTANT MILESTONE IN OUR CONTINUED GROWTH AND COMMITMENT TO SERVING OUR CLIENTS MORE EFFECTIVELY. ... I SHOULD ALSO NOTE THAT YESTERDAY OUR MIDWOOD BRANCH OFFICIALLY BECAME A BANKING DEVELOPMENT DISTRICT … AND THE RECIPIENT OF $50 MILLION DEPOSIT BETWEEN NY STATE AND NY CITY. ... IN 2025, OUR PONCE BANK DIRECT DIGITAL SERVICE CONTINUED TO DEMONSTRATE STRONG MOMENTUM, GROWING DEPOSITS BY APPROXIMATELY $20 MILLION TO $55 MILLION.
The bank opened a new branch in Manhattan's Inwood neighborhood in 2025. Its Midwood branch was designated a Banking Development District and received $50 million in deposits from New York State and New York City. The digital banking platform, Ponce Bank Direct, grew deposits by approximately $20 million to $55 million during 2025, expanding the bank's reach beyond its physical branch network.
Added in current filing · view on EDGAR → · paraphrased
WE ARE ALSO ADVANCING KEY TECHNOLOGICAL INITIATIVES, INCLUDING A NEW WEBSITE LAUNCHING IN EARLY Q2 2026 AND ENHANCEMENTS TO OUR ONLINE BANKING PLATFORM MID-2026. ADDITIONALLY, WE IMPLEMENTED "BUILT," AN AI-POWERED PLATFORM THAT FUNDS, DEVELOPS, BUILDS, AND MANAGES CONSTRUCTION LENDING ON A SINGLE SYSTEM, POSITIONING PONCE BANK TO CONTINUE CONSTRUCTION LENDING GROWTH WHILE MAINTAINING DISCIPLINED RISK MANAGEMENT. ... DURING THE YEAR, WE MADE MEANINGFUL INVESTMENTS IN TALENT DEVELOPMENT AND ORGANIZATIONAL GROWTH. 30 NEW ROLES, 20 OF WHICH WERE FILLED INTERNALLY, DEMONSTRATING OUR COMMITMENT TO DEVELOPING AND PROMOTING FROM WITHIN. TO SUPPORT CONTINUED EXPANSION, WE ALSO WELCOMED 50 NEW EMPLOYEES, INCLUDING 4 REHIRES, REPRESENTING A 32% INCREASE IN HIRING COMPARED TO 2024.
The bank is launching a new website in early Q2 2026 and enhancing its online banking platform mid-2026. It implemented an AI-powered construction lending platform called BUILT to support growth in that segment. The company created 30 new roles (20 filled internally) and hired 50 new employees, a 32% increase from 2024, while keeping expense growth to just 1% year-over-year. Employee satisfaction scores increased 8.82% and willingness to recommend the bank as an employer rose 18.3%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify