Princeton Bancorp Q2 net income $6.8M ($1.07 EPS); closes Noah Bank acquisition

Princeton Bancorp, Inc.

2023-Q2 EPS reported $2.02

Net income $6.8M ($1.07 diluted EPS) vs $6.1M ($0.95) Q1 2023 and $6.3M ($0.98) Q2 2022.
Completed Noah Bank acquisition May 19, adding $239M assets; $9.7M bargain purchase gain recorded.
Merger-related expenses of $7.0M; non-interest income rose $10.2M primarily due to bargain gain.
Total deposits increased $225.2M (16.7%) since Dec 2022, including $192M from Noah; core deposits grew $33.1M.
Non-performing assets rose to $9.8M from $0.3M, driven by $4.5M CRE loan charge-off and Noah acquired NPLs.

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 0.9

Princeton Bancorp, Inc. reported the quarter ended June 30, 2023 results: net income $6.8 million, EPS $1.07 per diluted common share.

Period: the quarter ended June 30, 2023
Net income: $6.8 million
EPS: $1.07 per diluted common share
Result: reported results

Exact text from the filing

The Company reported net income of $6.8 million, or $1.07 per diluted common share, for the second quarter of 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Princeton Bancorp, Inc. reported the six-month period ended June 30, 2023 results: net income $12.9 million, EPS $2.02 per diluted common share.

Period: the six-month period ended June 30, 2023
Net income: $12.9 million
EPS: $2.02 per diluted common share
Result: reported results

Exact text from the filing

For the six-month period ended June 30, 2023, the Company recorded net income of $12.9 million, or $2.02 per diluted common share

View on SEC.gov

Browse all earnings releases →

Princeton Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-196069

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.