Princeton Bancorp Q4 2022 net income $7.2M ($1.13 EPS); full-year $26.5M ($4.11 EPS) up 17.8% YoY

Princeton Bancorp, Inc.

2022-FY EPS reported $4.11

Net income Q4 2022 $7.2M ($1.13 diluted EPS) vs $6.2M ($0.92) in Q4 2021, up 16%.
Full-year net income $26.5M ($4.11 diluted EPS) vs $22.5M ($3.30) in 2021, up 17.8%.
Net interest margin 4.82% in Q4 2022, up 86 bps from Q4 2021; nonperforming loans ratio 0.02%.
Stock buyback purchased 324,017 shares at weighted avg $29.07 under 5% program in 2022.
Total deposits decreased $98.4M (6.8%) vs Dec 2021; loans net increased $35.2M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Princeton Bancorp, Inc. reported the quarter and year ended December 31, 2022 results: net income net income of $7.2 million, EPS $1.13 per diluted common share.

Period: the quarter and year ended December 31, 2022
Net income: net income of $7.2 million
EPS: $1.13 per diluted common share
Result: reported results

Exact text from the filing

The Bank of Princeton (the “Bank”), the wholly owned subsidiary of Princeton Bancorp, Inc. (NASDAQ – BPRN), today reported its unaudited financial condition and results of operations at and for the quarter and year ended December 31, 2022. The Bank reported net income of $7.2 million, or $1.13 per diluted common share, for the fourth quarter of 2022

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Source: SEC EDGAR

accession 0001193125-23-016226

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