Recent Updates — BPRN
Princeton Bancorp reported third-quarter 2026 net income of $1.0 million, or $0.15 per diluted share, a significant decline from $7.1 million in the prior quarter and $6.5 million in the same period last year. The decrease was primarily driven by an $8.0 million increase in provision for credit losses related to charge-offs of two commercial real estate loans and an asset write-down associated with future retail consolidation. Excluding these non-recurring items, core operations generated approximately $7.0 million in net income. Total assets reached $2.31 billion, while total deposits grew by $68.0 million on a linked-quarter basis. The Board increased the quarterly cash dividend by 14.2% to $0.05 per share. Princeton Bancorp is the holding company for The Bank of Princeton, a community bank operating branches in New Jersey and surrounding areas.
The Board of Directors declared a cash dividend of $0.40 per share of common stock, representing a 14.3% increase from the prior quarter's payout. The dividend is payable on November 25, 2026, to shareholders of record as of November 11, 2026. Princeton Bancorp, Inc. operates as the holding company for The Bank of Princeton, a community bank providing commercial banking services through branches in New Jersey, Pennsylvania, and the New York City metropolitan area.
Princeton Bancorp reported second quarter 2026 net income of $7.1 million, or $1.04 per diluted share, compared to $6.2 million ($0.91 per share) in Q1 2026 and $688 thousand ($0.10 per share) in Q2 2025. Net interest income rose to $20.0 million, and net interest margin increased to 3.86%. Total assets decreased 1.49% to $2.25 billion as of June 30, 2026, while total deposits fell 2.05% to $1.94 billion. Stockholders' equity increased 3.40% to $280 million, driven by $13.3 million in net income partially offset by $4.6 million in cash dividends paid during the period. The company operates as a bank holding company for The Bank of Princeton, providing community banking services in New Jersey, Pennsylvania, and New York.
Princeton Bancorp, Inc. declared a quarterly cash dividend of $0.35 per share of common stock. The dividend is scheduled to be paid on August 28, 2026, to shareholders of record as of August 5, 2026. Princeton Bancorp, Inc. is a bank holding company for The Bank of Princeton, providing commercial banking services.