---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-253105"
form_type: "8-K/A"
ticker: "BPRN"
cik: "0001913971"
company_name: "Princeton Bancorp, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:56:10.500727+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 $4.5M due to Cornerstone acquisition costs

## Summary
- Net loss of $4.5M ($0.68 EPS) vs net income of $5.1M ($0.80) in Q2 2024 and $7.6M ($1.19) in Q3 2023.
- Merger-related expenses of $7.8M and $3.2M provision for credit losses on acquired loans from Cornerstone Bank acquisition.
- Assets grew 22.9% to $2.35B, deposits up 25.1% to $2.05B following Cornerstone acquisition on Aug 23, 2024.
- Net interest margin 3.41%, down 3 bps QoQ; total non-interest expense $20.1M, up 67.7% from Q2.
- Non-performing assets fell to $2.3M from $6.7M at Dec 31, 2023; equity ratio 11.1% vs 12.5%.

## SEC filing metadata
- accession: 0001193125-24-253105
- form_type: 8-K/A
- ticker: BPRN
- cik: 0001913971
- company_name: Princeton Bancorp, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913971/000119312524253105/0001193125-24-253105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913971/000119312524253105/d836881d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-253105
- JSON: https://secwatch.observer/filing/0001193125-24-253105.json
- Plain text: https://secwatch.observer/filing/0001193125-24-253105.txt

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