Ponce Financial Group, Inc. (PDLB) Balance Sheet
PDLB balance sheet, 2025
December 31, 2025 · U.S. dollars$3.22B assets = $2.68B liabilities + $541.5M equity
Both columns are drawn to the same scale: what PDLB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PDLB financial health
Debt / equity1.15
Moderate leverage · $1.15 of debt for each $1 of equity
Cash / debt35.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
PDLB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $745.0M2016 | $3.22B2025 | +17.7%/yr | |
| Total liabilities | $652.0M2016 | $2.68B2025 | +17.0%/yr | |
| Shareholders’ equity | $93.0M2016 | $541.5M2025 | +21.6%/yr | |
| Cash & short-term investments | $64.4M2016 | $218.6M2025 | +14.5%/yr | |
| Total debt | $6.0M2016 | $625.5M2025 | +67.6%/yr | |
| Net cash (debt) | $58.4M2016 | −$406.9M2025 | −$465.3M | |
| Working capital | −$579.0M2016 | −$1.81B2025 | −$1.2B | |
| Book value per share | $11.192016 | $23.282025 | +8.5%/yr | |
| Debt / equity | 0.062016 | 1.152025 | +1.09 | |
| Shares outstanding | 8.3M2016 | 23.3M2025 | +12.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PDLB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
PDLB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
PDLB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PDLB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $218.6M | $245.1M | $259.3M | $185.4M | $269.7M | $92.3M | $49.2M | $96.9M | $88.6M | $64.4M |
| Cash & equivalents | $126.4M | $140.1M | $139.4M | $55.9M | $156.4M | $74.8M | $27.7M | $69.8M | $59.7M | $11.7M |
| Short-term investments | $92.2M | $105.0M | $119.9M | $129.5M | $113.3M | $17.5M | $21.5M | $27.1M | $28.9M | $52.7M |
| Receivables | $17.9M | $17.8M | $18.0M | $15.0M | $12.4M | $11.4M | $4.0M | $3.8M | $3.3M | $2.7M |
| Inventory | $0 | $0 | −$1.88B | −$70.9M | −$168.7M | −$86.2M | −$31.7M | −$73.6M | −$63.1M | $2.1M |
| Other current assets | $0 | $0 | $1.88B | $70.9M | $168.7M | $86.2M | $31.7M | $73.6M | $63.1M | $0 |
| Total current assets | $236.5M | $262.8M | $277.4M | $200.4M | $282.1M | $103.7M | $53.2M | $100.7M | $92.0M | $67.1M |
| Property, plant & equipment (net) | $43.2M | $45.9M | $47.3M | $50.9M | $19.6M | $32.0M | $32.7M | $31.1M | $27.2M | $26.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3,000 |
| Long-term investments | $365.2M | $472.9M | $581.6M | $640.3M | $114.3M | $19.2M | $21.5M | $27.1M | $28.9M | $52.7M |
| Other non-current assets | $2.58B | $2.26B | $1.84B | $1.42B | $1.24B | $1.20B | $946.3M | $900.9M | $777.5M | $599.1M |
| Total assets | $3.22B | $3.04B | $2.75B | $2.31B | $1.65B | $1.36B | $1.05B | $1.06B | $925.5M | $745.0M |
| Liabilities | ||||||||||
| Accounts payable | $3.8M | $3.7M | $12.0M | $1.4M | $228,000 | $60,000 | $97,000 | $63,000 | $42,000 | $28,000 |
| Short-term debt | $229.0M | — | $367.2M | $188.2M | $15.1M | $118.8M | $11.0M | $25.0M | $20.0M | $3.0M |
| Deferred revenue | — | — | −$12.0M | −$186.8M | — | — | −$7.9M | −$116.0M | −$103.0M | −$78.8M |
| Total current liabilities | $2.05B | $1.89B | $1.52B | $1.25B | $1.22B | $1.15B | $793.2M | $834.8M | $734.0M | $646.1M |
| Long-term debt | $596.1M | $596.1M | $684.4M | $517.4M | $28.4M | $118.7M | $104.4M | $44.4M | $16.4M | $3.0M |
| Lease obligations | $29.4M | $30.7M | $32.7M | $34.5M | — | — | — | — | — | — |
| Other long-term liabilities | $35.9M | $49.8M | $55.3M | $48.1M | $215.8M | $0 | $0 | $11.5M | $10.3M | $2.9M |
| Total liabilities | $2.68B | $2.53B | $2.26B | $1.82B | $1.46B | $1.20B | $895.4M | $890.7M | $760.7M | $652.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $249,000 | $249,000 | $249,000 | $249,000 | $185,000 | $185,000 | $185,000 | $185,000 | $185,000 | — |
| Retained earnings (deficit) | $135.3M | $107.8M | $97.4M | $93.0M | $123.0M | $97.5M | $93.7M | $98.8M | $94.9M | $99.2M |
| Treasury stock | — | — | — | — | — | — | −$14.5M | — | $0 | — |
| Accumulated other comprehensive income | −$10.8M | −$15.3M | −$15.6M | −$17.9M | −$1.5M | $135,000 | $20,000 | −$8.1M | −$7.9M | −$6.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $541.5M | $505.5M | $491.4M | $492.7M | $189.3M | $159.5M | $158.4M | $169.2M | $164.8M | $93.0M |
| Key figures | ||||||||||
| Total debt | $625.5M | $626.8M | $717.1M | $551.9M | $121.3M | $148.7M | $104.4M | $69.4M | $36.4M | $6.0M |
| Net cash (debt) | −$406.9M | −$381.7M | −$457.8M | −$366.5M | $148.4M | −$56.4M | −$55.2M | $27.5M | $52.2M | $58.4M |
| Working capital | −$1.81B | −$1.63B | −$1.24B | −$1.05B | −$937.9M | −$1.04B | −$740.0M | −$734.1M | −$642.1M | −$579.0M |
| Tangible book value | $541.5M | $505.5M | $491.4M | $492.7M | $189.3M | $159.5M | $158.4M | $169.2M | $164.8M | $93.0M |
| Book value per share | $23.28 | $22.41 | $21.53 | $21.71 | $11.27 | $9.56 | $9.09 | $9.50 | $8.93 | $11.19 |
| Shares outstanding | 23.3M | 22.6M | 22.8M | 22.7M | 16.8M | 16.7M | 17.4M | 17.8M | 18.5M | 8.3M |
| Current ratio | 0.12 | 0.14 | 0.18 | 0.16 | 0.23 | 0.09 | 0.07 | 0.12 | 0.13 | 0.10 |
| Quick ratio | 0.12 | 0.14 | 0.18 | 0.16 | 0.23 | 0.09 | 0.07 | 0.12 | 0.13 | 0.10 |
| Debt / equity | 1.15 | 1.24 | 1.46 | 1.12 | 0.64 | 0.93 | 0.66 | 0.41 | 0.22 | 0.06 |
| Equity / assets | 16.8% | 16.6% | 17.9% | 21.3% | 11.4% | 11.8% | 15.0% | 16.0% | 17.8% | 12.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $478.6M | $114.6M | $218.6M | $241.7M | $223.4M | $233.7M | $245.1M | $267.1M | $216.5M | $251.0M | $259.3M | $234.8M |
| Cash & equivalents | $140.0M | $27.4M | $126.4M | $146.8M | $126.9M | $130.1M | $140.1M | $156.1M | $103.4M | $135.0M | $139.4M | $118.0M |
| Short-term investments | $338.6M | $87.2M | $92.2M | $94.8M | $96.6M | $103.6M | $105.0M | $111.0M | $113.1M | $116.0M | $119.9M | $116.8M |
| Receivables | $19.9M | $19.3M | $17.9M | $18.9M | $19.1M | $19.0M | $17.8M | $16.9M | $17.4M | $18.1M | $18.0M | $16.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$173.0M | −$2.14B | −$2.13B | −$157.2M | −$134.6M |
| Other current assets | $3.0M | $0 | $0 | $0 | $0 | $0 | $0 | $173.0M | $2.14B | $2.13B | $157.2M | $134.6M |
| Total current assets | $501.6M | $46.7M | $236.5M | $260.6M | $242.6M | $252.7M | $262.8M | $284.0M | $234.0M | $269.1M | $277.4M | $251.4M |
| Property, plant & equipment (net) | $14.6M | $42.8M | $43.2M | $44.4M | $44.9M | $45.9M | $45.9M | $46.6M | $47.3M | $48.4M | $47.3M | $48.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $338.4M | $350.7M | $365.2M | $379.9M | $433.4M | $461.6M | $472.9M | $514.7M | $555.2M | $569.0M | $581.6M | $587.8M |
| Other non-current assets | $2.64B | $2.86B | $2.58B | $2.47B | $2.43B | $2.33B | $2.26B | $2.17B | $2.01B | $1.93B | $1.84B | $1.74B |
| Total assets | $3.49B | $3.30B | $3.22B | $3.16B | $3.15B | $3.09B | $3.04B | $3.02B | $2.84B | $2.82B | $2.75B | $2.62B |
| Liabilities | ||||||||||||
| Accounts payable | $3.8M | $4.3M | $3.8M | $4.4M | $4.2M | $4.6M | $3.7M | $2.9M | $6.8M | $4.2M | $12.0M | $8.4M |
| Short-term debt | $621.1M | $153.0M | $229.0M | — | $15.0M | — | — | $59.3M | $109.3M | $109.3M | $367.2M | $961,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | −$6.8M | −$4.2M | −$12.0M | $7.4M |
| Total current liabilities | $2.90B | $153.0M | $2.05B | $2.07B | $2.06B | $2.01B | $1.89B | $1.93B | $1.72B | $1.70B | $1.52B | $1.41B |
| Long-term debt | $621.1M | $571.1M | $596.1M | $521.1M | $521.1M | $521.1M | $596.1M | $521.1M | $571.1M | $571.1M | $684.4M | $675.1M |
| Lease obligations | $28.9M | $29.4M | $29.4M | $30.0M | $30.5M | $31.1M | $30.7M | $31.3M | $31.9M | $32.5M | $32.7M | $33.5M |
| Other long-term liabilities | $0 | $2.03B | $35.9M | $38.7M | $50.3M | $45.3M | $49.8M | $57.7M | $51.0M | $54.6M | $55.3M | $54.2M |
| Total liabilities | $2.93B | $2.75B | $2.68B | $2.63B | $2.63B | $2.58B | $2.53B | $2.51B | $2.34B | $2.33B | $2.26B | $2.14B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 |
| Retained earnings (deficit) | $151.9M | $143.7M | $135.3M | $125.5M | $119.2M | $113.4M | $107.8M | $105.1M | $103.0M | $99.8M | $97.4M | $96.9M |
| Accumulated other comprehensive income | −$10.7M | −$10.7M | −$10.8M | −$11.6M | −$13.0M | −$13.5M | −$15.3M | −$12.7M | −$16.6M | −$16.6M | −$15.6M | −$20.5M |
| Total shareholders' equity | $561.0M | $551.4M | $541.5M | $529.8M | $521.1M | $513.9M | $505.5M | $504.6M | $497.7M | $493.7M | $491.4M | $485.1M |
| Key figures | ||||||||||||
| Total debt | $650.0M | $600.5M | $625.5M | $551.1M | $566.6M | $552.2M | $626.8M | $611.8M | $712.3M | $712.9M | $717.1M | $708.6M |
| Net cash (debt) | −$171.3M | −$485.9M | −$406.9M | −$309.5M | −$343.2M | −$318.5M | −$381.7M | −$344.7M | −$495.7M | −$461.9M | −$457.8M | −$473.8M |
| Working capital | −$2.40B | −$106.3M | −$1.81B | −$1.81B | −$1.82B | −$1.76B | −$1.63B | −$1.65B | −$1.49B | −$1.43B | −$1.24B | −$1.16B |
| Tangible book value | $561.0M | $551.4M | $541.5M | $529.8M | $521.1M | $513.9M | $505.5M | $504.6M | $497.7M | $493.7M | $491.4M | $485.1M |
| Book value per share | $23.86 | $23.63 | $23.28 | $22.90 | $22.71 | $22.46 | $22.16 | $22.32 | $22.20 | $22.07 | $21.93 | $21.70 |
| Shares outstanding | 23.5M | 23.3M | 23.3M | 23.1M | 22.9M | 22.9M | 22.8M | 22.6M | 22.4M | 22.4M | 22.4M | 22.3M |
| Current ratio | 0.17 | 0.31 | 0.12 | 0.13 | 0.12 | 0.13 | 0.14 | 0.15 | 0.14 | 0.16 | 0.18 | 0.18 |
| Quick ratio | 0.17 | 0.87 | 0.12 | 0.13 | 0.12 | 0.13 | 0.14 | 0.15 | 0.14 | 0.16 | 0.18 | 0.18 |
| Debt / equity | 1.16 | 1.09 | 1.15 | 1.04 | 1.09 | 1.07 | 1.24 | 1.21 | 1.43 | 1.44 | 1.46 | 1.46 |
| Equity / assets | 16.1% | 16.7% | 16.8% | 16.8% | 16.5% | 16.6% | 16.6% | 16.7% | 17.5% | 17.5% | 17.9% | 18.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
PDLB financial position
At the end of fiscal 2025 (December 31, 2025), Ponce Financial had total assets of $3.2 billion (up 6.1% from a year earlier), total liabilities of $2.7 billion and shareholders' equity of $541.5 million. It held $218.6 million in cash and short-term investments against $625.5 million of debt, net debt of $406.9 million. Its current ratio was 0.12. In the latest quarter (ended June 30, 2026) total assets were $3.5 billion and equity $561.0 million.
Related: PDLB income statement, PDLB cash flow statement, PDLB key metrics. See the PDLB stock overview for the latest quote and news.
PDLB balance sheet FAQ
What are Ponce Financial's total assets?
Ponce Financial reported total assets of $3.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.0 billion a year earlier.
How much debt does Ponce Financial have?
Ponce Financial had $625.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.15.
How much cash does Ponce Financial have?
Ponce Financial held $218.6 million in cash and short-term investments at the end of fiscal 2025; with $625.5 million of debt that is net debt of $406.9 million.
What is Ponce Financial's book value?
Ponce Financial's shareholders' equity (book value) was $541.5 million at the end of fiscal 2025, or $23.28 per share.
What is Ponce Financial's current ratio?
Ponce Financial had current assets of $236.5 million and current liabilities of $2.1 billion, a current ratio of 0.12 (current liabilities exceed current assets).