Ponce Financial Group, Inc. · NASDAQ:PDLB
Ponce Financial — Q3 2024 Earnings Presentation
19 slides from Ponce Financial's earnings presentation, Dec 11, 2024
Slide 1: Ponce Financial Group Q3 2024 Earnings Presentation
EXHIBIT 99.2 President & Chief Executive Officer Carlos P. Naudon EVP & Chief Financial Officer Sergio Vaccaro
Slide 2: Cautionary Statements
Cautionary Statements Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Ref
Slide 3: Corporate Headquarters and Office Location
Corporate Headquarters and Office Location Branch Locations Branch Offices Loan Offices Ponce Financial Group, Inc. (the “Company”), became the holding company of Ponce Bank (the “Bank”), a federally chartered stock savings association on January 27, 2022, after successfully completing the conversio
Slide 4: Franchise Evolution
Franchise Evolution 2015 - 2022 Carlos P. Naudon named President in 2015; CEO in 2018 Certified SBA lender Continued to remain focused on residential and commercial real estate Optimized real estate footprint by improving loan efficiency Certification as an MDI & CDFI Grew assets from $703 million t
Slide 5: PDLB Executive Management
PDLB Executive Management Executive Chairman of the Board Steven A. Tsavaris Executive Vice President, Chief Lending Officer Ioannis Kouzilos Executive Vice President, Chief External Affairs Officer Madeline V. Marquez President, Chief Executive Officer Carlos P. Naudon Executive Vice President, Chi
Slide 6: Highlights – nine months ended September 30th, 2024
Highlights – 9 months ended September 30th, 2024 Strong loan growth. Net loans receivable were $2.18 billion as of September 30, 2024, an increase of $280 million, or 14.7%, from December 31, 2023. Stable NIM and lower expenses YoY. Net interest margin at 2.66% for the nine months ended September 30
Slide 7: Our Vision
Our Vision Growing alongside fastest growing, best clients Reaching Capital Deployment Capabilities Enhance our multifamily and nonresidential loans. Leverage MDI/CDFI status. Build existing community lending programs. Improve core deposits, with an emphasis on low-cost commercial demand deposits an
Slide 8: ECIP Disposition – Final Guidelines
ECIP Disposition – Final Guidelines Treasury issued final guidelines November 20th, 2024, and model agreement on Nov 25th, allowing repurchase at a future date, subject to compliance with certain qualifications Determination of sale price: based on the dividend discount model While there can be no a
Slide 9: Community Development Financial Institution
Community Development Financial Institution The CDFI Program offers both Financial Assistance and Technical Assistance awards to CDFIs. These competitive awards support and enhance the ability of the Company to meet the needs of the communities they serve. Financial Assistance awards are made in the
Slide 10: Minority Depository Institution
Minority Depository Institution One of 32 banks in the country designated as both an MDI and a CDFI. As of September 30, 2024, the FDIC recognized 150 MDIs across the United States and its territories, with collective assets of approximately $360 billion. As an MDI the Bank can provide financial ser
Slide 11: ESG (Environmental, Social, Governance)
ESG (Environmental, Social, Governance) Environmental Initiatives The Company focuses on sustainability, resource conservation, and waste reduction. We ensure regulatory compliance, vendor adherence, and invest in technology for efficiency. Our ESG Committee manages site compliance and flood risk, w
Slide 12: Appendix
Appendix
Slide 13: Balance Sheet Highlights
Ponce Financial Group, Inc. Strong asset and deposit growth Total Assets Total Deposits Balance Sheet Highlights Ponce Financial Group, Inc. Copyright © 2024. All Right Reserved
Slide 14: Loans Highlights
Loans Highlights Net Loans Loans-to-Deposits % Ponce Financial Group, Inc. Ponce Financial Group, Inc. Copyright © 2024. All Right Reserved Strong loan growth
Slide 15: Loan Portfolio Composition
Appx. 1 (1) Ponce Financial Group Inc. & its predecessor Portfolio Composition 22% 31% 18% 29% 1-4 Family Residential Construction and Land Multifamily Residential Nonresidential Property $ 2,180,331 $ 1,172,053 $ 1,322,098 $ 1,525,668 $ 1,895,886 $ 2,022,173 Loan Portfolio Growth Net Loan Receivabl
Slide 16: Total Securities
(1) Ponce Financial Group Inc. & its predecessor Total Securities (as of September 30, 2024) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-Sale Securities: U.S. Government Bonds $2,993 $- $(124) $2,869 Corporate Bonds 21,766 - (1,438) 20,328 Mortgage-Backed S
Slide 17: Regulatory Capital Ratios
Regulatory Capital Ratios Actual Amount Ratio For Capital Adequacy Purposes Amount Ratio To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio September 30, 2024 (Dollars in Thousands) Ponce Financial Group, Inc. Total Capital to Risk-Weighted Assets $ 544,272 22.87% $ 190,34
Slide 18: Community Sponsorships and Donations
Community Sponsorships and Donations Includes Sponsorships and Donations by the Company and the Ponce De Leon Foundation Queens Small Business Owners & Entrepreneurs Small Business Bootcamp Over 117 grants to charitable causes since 2017 $2.3 million was given to Ponce Bank Branch communities focusi
Slide 19: Thank you.
NASDAQ: PDLB Thank you.
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