Princeton Bancorp Q3 net income $7.6M ($1.19 EPS), up from Q2 and year-ago

Princeton Bancorp, Inc.

2023-Q3 EPS reported $3.21

Net income $7.6M, $1.19 diluted EPS vs $1.07 in Q2 2023 and $1.09 in Q3 2022.
Total assets $1.91B (+19.4% from Dec 2022); deposits +$290.2M (+21.5%).
Non-performing assets rose $6.5M to $6.8M due to a $4.5M CRE loan and Noah Bank acquired loans.
Net interest income $16.7M, down $1.0M from Q3 2022; net interest margin 3.76%.
Acquisition of Noah Bank closed May 19, added $239.4M assets; merger costs reversed $1.4M.

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 0.98

Princeton Bancorp, Inc. reported the nine months ended September 30, 2023 results: net income $20.5 million, or $3.21 per diluted common share.

Period: the nine months ended September 30, 2023
Net income: $20.5 million, or $3.21 per diluted common share
Result: reported results

Exact text from the filing

For the nine-month period ended September 30, 2023, the Company recorded net income of $20.5 million, or $3.21 per diluted common share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Princeton Bancorp, Inc. reported the quarter ended September 30, 2023 results: net income $7.6 million, or $1.19 per diluted common share.

Period: the quarter ended September 30, 2023
Net income: $7.6 million, or $1.19 per diluted common share
Result: reported results

Exact text from the filing

The Company reported net income of $7.6 million, or $1.19 per diluted common share, for the third quarter of 2023

View on SEC.gov

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Princeton Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-264060

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