secwatch.observer — SEC 8-K summary
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Issuer:     Princeton Bancorp, Inc. (BPRN)
CIK:        0001913971
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-015373
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913971/000119312524015373/0001193125-24-015373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913971/000119312524015373/d744404d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-015373

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