---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-108290"
form_type: "8-K"
ticker: "BPRN"
cik: "0001913971"
company_name: "Princeton Bancorp, Inc."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:48:48.969278+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Princeton Bancorp Q1 net income $6.1M ($0.95 EPS); NIM 4.59%, loan growth 5.2% annualized

## Summary
- Net income of $6.1M, or $0.95 diluted EPS, compared to $7.2M ($1.13) in Q4 2022 and $6.0M ($0.91) in Q1 2022.
- Net interest income $16.7M; net interest margin 4.59%, down 23 bps QoQ but up 50 bps YoY.
- Loans grew 5.2% annualized; total assets $1.59B, down 1.0%; deposits fell $55.6M (4.1%) while borrowings rose to $44.5M.
- Non-performing assets increased $6.2M to $6.5M, driven by one $6.2M commercial real estate loan; loan is secured.
- Adopted CECL on Jan 1, 2023, with one-time $284K net-of-tax decrease in retained earnings.

## SEC filing metadata
- accession: 0001193125-23-108290
- form_type: 8-K
- ticker: BPRN
- cik: 0001913971
- company_name: Princeton Bancorp, Inc.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913971/000119312523108290/0001193125-23-108290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913971/000119312523108290/d444036d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-108290
- JSON: https://secwatch.observer/filing/0001193125-23-108290.json
- Plain text: https://secwatch.observer/filing/0001193125-23-108290.txt

## Key facts
- Earnings Releases
  Princeton Bancorp, Inc. reported for the quarter ended March 31, 2023 results: net income $6.1 million, EPS $0.95 per diluted common share.
  - Period: for the quarter ended March 31, 2023
  - Net income: $6.1 million
  - EPS: $0.95 per diluted common share
  - Result: reported results
  source text: The Company reported net income of $6.1 million, or $0.95 per diluted common share, for the first quarter of 2023, compared to net income of $7.2 million, or $1.13 per diluted common share, for the fourth quarter of 2022, and net income of $6.0 million, or $0.91 per diluted common share, for the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913971/000119312523108290/0001193125-23-108290-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.