secwatch.observer — SEC 8-K summary
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Issuer:     Princeton Bancorp, Inc. (BPRN)
CIK:        0001913971
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001193125-23-264060
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913971/000119312523264060/0001193125-23-264060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913971/000119312523264060/d551261d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-264060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer