---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-114267"
form_type: "8-K"
ticker: "BPRN"
cik: "0001913971"
company_name: "Princeton Bancorp, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:17:45.673941+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Princeton Bancorp Q1 net income falls to $4.3M, announces Cornerstone acquisition

## Summary
- Q1 2024 net income of $4.3M ($0.68 diluted EPS), down from $6.1M ($0.95) in Q1 2023.
- Announced acquisition of Cornerstone Financial Corp. (total assets >$300M) to expand NJ footprint.
- Net loans grew $22.9M (5.9% annualized), total deposits up $69.9M (17.1% annualized).
- Non-performing assets fell to $2.1M from $6.7M at year-end 2023, driven by sale of a CRE loan.
- Net interest income $15.4M, down from $16.7M a year ago; net interest margin 3.42%.

## SEC filing metadata
- accession: 0001193125-24-114267
- form_type: 8-K
- ticker: BPRN
- cik: 0001913971
- company_name: Princeton Bancorp, Inc.
- filed_at: 2024-04-25T23:59:59+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/1913971/000119312524114267/0001193125-24-114267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913971/000119312524114267/d797222d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-114267
- JSON: https://secwatch.observer/filing/0001193125-24-114267.json
- Plain text: https://secwatch.observer/filing/0001193125-24-114267.txt

## Key facts
- Earnings Releases
  Princeton Bancorp, Inc. reported the quarter ended March 31, 2024 results: net income $4.3 million, EPS $0.68 per diluted common share.
  - Period: the quarter ended March 31, 2024
  - Net income: $4.3 million
  - EPS: $0.68 per diluted common share
  - Result: reported results
  source text: The Company reported net income of $4.3 million, or $0.68 per diluted common share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913971/000119312524114267/0001193125-24-114267-index.htm

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