Princeton Bancorp Q4 net income $5.3M, EPS $0.82; assets $1.92B; NIM 3.55%

Princeton Bancorp, Inc.

2023-FY EPS reported $4.03

Q4 net income $5.3M ($0.82 diluted EPS) vs $7.6M ($1.19) in Q3 and $7.2M ($1.13) in Q4 2022.
FY2023 net income $25.8M ($4.03 diluted EPS) vs $26.5M ($4.11) in FY2022.
Total assets grew 19.7% to $1.92B; net loans +$178M; deposits +$288M (21.4%).
Non-performing assets rose to $6.7M from $0.3M; includes a $4.5M CRE loan with sale expected in Q1 2024.
Net interest margin 3.55%, down 21 bps QoQ; Q4 provision for credit losses $562K.

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 and 12 months ended December 31, 2023 results: net income Net income for the quarter was $5.3 million, EPS $0.82 per diluted common share, for the fourth quarter of 2023.

Period: the quarter and 12 months ended December 31, 2023
Net income: Net income for the quarter was $5.3 million
EPS: $0.82 per diluted common share, for the fourth quarter of 2023
Result: reported results

Exact text from the filing

Princeton Bancorp Announces Fourth Quarter 2023 Results

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Princeton Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-015373

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