Princeton Bancorp, Inc.

BPRN: 10-Q · periodic report

Princeton Bancorp (Nasdaq: BPRN) reported Q2 2026 net income of $7.1 million, or $1.04 per diluted share, versus $688 thousand, or $0.10 per diluted share, in the year-ago quarter, with six-month net income of $13.3 million ($1.95 diluted EPS) versus $6.1 million ($0.88). The roughly 10x earnings jump was driven primarily by a $7.3 million decrease in the provision for credit losses (a $353 thousand reversal this quarter), plus $1.2 million of higher net interest income as net interest margin expanded 32 basis points to 3.86%, partially offset by $2.2 million of higher income tax expense. The balance sheet contracted modestly: total assets fell 1.49% to $2.25 billion, loans declined 2.47% to $1.77 billion, and deposits fell 2.05%, while cash declined 51.2% to $66.2 million; the company has no outstanding borrowings, a 13.60% CET1 ratio, and $523.5 million of additional borrowing capacity. Credit quality held steady with non-performing assets of $16.3 million (0.92% of loans) and 1.13% allowance coverage; a quantitative goodwill test was passed despite the stock trading at 80% of book value, and the board declared a $0.35 per share dividend on July 22, 2026, payable August 28, 2026.

SEC 10-Q•2mo ago

Princeton Bancorp Announces Second Quarter 2026 Results

Princeton Bancorp reported Q2 2026 net income of $7.1 million, or $1.04 per diluted share, a significant increase from $688,000, or $0.10 per share, in the prior year quarter. The strong earnings performance was driven by a 32 basis point year-over-year expansion in net interest margin to 3.86% and a reversal of credit losses compared to a large provision in the prior year. Total assets stood at $2.25 billion with a tangible book value per share of $38.62, while the adjusted efficiency ratio improved to 59.89%.

•3mo ago

Princeton Bancorp, Inc. Announces Declaration of a $0.35 Quarterly Cash Dividend

Princeton Bancorp’s Board of Directors declared a quarterly cash dividend of $0.35 per share on common stock. The dividend is payable on August 28, 2026 to shareholders of record at the close of business on August 5, 2026.

•3mo ago

BPRN: 8-K · earnings release

Princeton Bancorp reported net income of $6.2 million for the first quarter of 2026, or $0.91 per diluted share, compared to $5.4 million or $0.77 per share in the prior year period. Total assets decreased by 1.29% to $2.25 billion, primarily due to reductions in cash and investment securities, while the net interest margin improved by 12 basis points to 3.63%. President and CEO Edward Dietzler highlighted the strong performance, noting support from increased non-interest income and a reduction in credit provisions.

SEC 8-K•6mo ago

Princeton Bancorp, Inc. Announces Declaration of a $0.35 Quarterly Cash Dividend

Princeton Bancorp declared a quarterly cash dividend of $0.35 per share, payable on May 28, 2026 to shareholders of record as of May 5. President and CEO Edward Dietzler stated that the payment reflects the board’s continuing commitment to providing a return to shareholders. The company noted that future dividends remain subject to quarterly board determination based on financial condition and regulatory restrictions.

•6mo ago