---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-246509"
form_type: "8-K"
ticker: "BPRN"
cik: "0001913971"
company_name: "Princeton Bancorp, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:25:10.864828+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Princeton Bancorp reports Q3 net loss of $3.6M on $6.7M Cornerstone acquisition costs

## Summary
- Net loss $3.6M (-$0.55/share) vs Q2 net income $5.1M ($0.80) and Q3 2023 net income $7.6M ($1.19).
- Cornerstone Bank acquisition closed Aug 23, 2024; added $314.5M assets, $282.8M deposits, $283.1M net loans.
- Merger-related expenses $6.7M and $3.2M provision for credit losses on acquired non-PCD loans drove the loss.
- Net interest income $17.1M, up from $16.0M Q2; net interest margin 3.41% (-3 bps QoQ).
- Total assets $2.35B (+22.9% YTD), total deposits $2.05B (+25.1% YTD); non-performing assets $2.3M (down from $6.7M Dec 2023).

## SEC filing metadata
- accession: 0001193125-24-246509
- form_type: 8-K
- ticker: BPRN
- cik: 0001913971
- company_name: Princeton Bancorp, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1913971/000119312524246509/0001193125-24-246509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913971/000119312524246509/d784037d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-246509
- JSON: https://secwatch.observer/filing/0001193125-24-246509.json
- Plain text: https://secwatch.observer/filing/0001193125-24-246509.txt

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