Ponce Financial Group reports strong 2024 earnings, with net income up 185.7% to $10.3 million.
Ponce Financial Group reported strong quarterly earnings of $0.12 per share, exceeding expectations and marking a significant increase from previous quarters and last year. The company's net income for the full year 2024 was up 185.7% to $10.3 million, with net interest income rising 17.18% to $76.5 million. Despite a drop in non-interest income, the bank's loan portfolio and deposits grew by 20.61% and 25.02%, respectively. The CEO highlighted the company's progress and commitment to its communities and technology.
2 months ago
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