Tax-allowance release boosts Ponce profit alongside stronger lending income
Ponce Financial ($PDLB) reported third-quarter 2026 earnings available to common shareholders of $18 million, or $0.76 per diluted share, compared with $8.2 million and $0.35 in the second quarter. A $10.5 million release of valuation allowances against state and city deferred tax assets materially lifted the result. The quarter also included a $1.2 million property loss and a $0.4 million investment gain. Underlying lending income strengthened: net interest income rose 13.1% from the previous q
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