---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-196069"
form_type: "8-K"
ticker: "BPRN"
cik: "0001913971"
company_name: "Princeton Bancorp, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:59:57.936907+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-196069
- form_type: 8-K
- ticker: BPRN
- cik: 0001913971
- company_name: Princeton Bancorp, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913971/000119312523196069/0001193125-23-196069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913971/000119312523196069/d519896d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-196069
- JSON: https://secwatch.observer/filing/0001193125-23-196069.json
- Plain text: https://secwatch.observer/filing/0001193125-23-196069.txt

## Key facts
- Earnings Releases
  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
  source text: The Company reported net income of $6.8 million, or $1.07 per diluted common share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913971/000119312523196069/0001193125-23-196069-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913971/000119312523196069/0001193125-23-196069-index.htm

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