Ponce Financial Group (FRA:73V0) Scaled Net Operating Assets : 0.35 (As of Mar. 2024)

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What is Ponce Financial Group Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ponce Financial Group's operating assets for the quarter that ended in Mar. 2024 was €2,362.27 Mil. Ponce Financial Group's operating liabilities for the quarter that ended in Mar. 2024 was €1,483.14 Mil. Ponce Financial Group's Total Assets for the quarter that ended in Dec. 2023 was €2,522.41 Mil. Therefore, Ponce Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.35.

Ponce Financial Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ponce Financial Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2394.546	-	1414.218)	/	2182.518
=	0.45

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2522.412	-	127.866
=	2394.546

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2071.803	-	657.585	-	0
=	1414.218

Ponce Financial Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(2362.271	-	1483.144)	/	2522.412
=	0.35

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2593.206	-	230.935
=	2362.271

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2139.018	-	555.299	-	100.575
=	1483.144

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ponce Financial Group (FRA:73V0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ponce Financial Group Inc (FRA:73V0) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

PDLB:USA

Address

2244 Westchester Avenue, Bronx, NY, USA, 10462

Website

https://www.poncebank.com

Ponce Financial Group Inc, is a United States-based holding company. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in mortgage loans, consisting of one-to-four-family residential, multi-family residential, non-residential property and construction and land, and, to a lesser extent, business, and consumer loans. The company also invests in securities, which consists of securities issued by the U.S. Government and federal agencies and mortgage-backed securities issued by the United States government-sponsored enterprises. Some of the products and services include checking solutions, online and mobile banking, merchant credit card services, and others.