Overview

* Ponce Financial ( PDLB ) Q3 net income rises to $6.5 mln, driven by higher net interest income

* Net interest income for Q3 increases 32.72% yr/yr to $25.2 mln

* Net interest margin improves to 3.30% in Q3 from 2.65% last year

Outlook

* Company continues to focus on increasing margins through yield improvement and cost control

* Company expects dividend yield to continue at 0.50% in next dividend period starting 2026

* Company's strategic developments expected to enhance funding sources

Result Drivers

* NET INTEREST INCOME - Increased by 32.72% yr/yr to $25.2 mln, driven by higher interest and dividend income

* COST CONTROL - CEO attributes improved net interest margin to controlled funding costs and operating expenses

* PROGRAM COMMITMENTS - Progress in U.S. Treasury's Emergency Capital Investment Program supports future dividend yield

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $25.20

Interest mln

Income

Q3 Net 3.30%

Interest

Margin

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Ponce Financial Group Inc ( PDLB ) is $18.00, about 20.1% above its October 23 closing price of $14.39

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)