Princeton Bancorp, Inc. (BPRN) Form 8-K — Oct 28, 2026
Princeton Bancorp (NASDAQ: BPRN) reported Q3 2026 net income of $1.0 million, or $0.15 per diluted share, down sharply from $7.1 million in Q2 2026 and $6.5 million in Q3 2025. The drop was driven by a $7.6 million provision for credit losses tied to charge-offs of two previously identified commercial real estate loans, plus a $900 thousand asset write-down related to a future retail consolidation. Management emphasized core operations still generated roughly $7.0 million in net income excluding these items, and the Board raised the quarterly dividend $0.05 (+14.2%).
Key figures
- Eps
- 0.15
- Revenue
- 22468000
- Net Income
- 1019000
- Total Debt
- 0
- Total Assets
- 2308280000
- Cash Position
- 57821000
- Acl to loans
- 1.05%
- Total deposits
- 2003724000
- Dividend increase
- +$0.05 (+14.2%)
- Q2 2026 net income
- 7081000
- Q3 2025 net income
- 6466000
- Net interest margin
- 3.75%
- Book value per share
- 39.69
- Nonperforming assets
- 8216000
- Nine month net income
- 14329000
- Net interest income q3
- 20009000
- Nine month diluted eps
- 2.1
- Core net income ex items
- ~$7.0 million
- Tangible book value per share
- 37.25
- Provision for credit losses q3
- 7640000
- Annualized net chargeoffs to avg loans
- 1.85%
AI analysis
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