Princeton Bancorp takes $9.9M impairment charge on two CRE loans, after-tax hit of ($0.86)/share

Princeton Bancorp, Inc.

Net impairment charge of $9.9M on two non-performing commercial real estate loans as of May 28, 2025.
Approximately $2.4M of the charge was already reserved in the allowance for loan losses.
After-tax impact estimated at ($6.0M), or ($0.86) per diluted common share.
Lead bank is marketing the collateral properties; occupancy sufficient to cover day-to-day operations.
Non-performing assets totaled $26.5M at March 31, 2025, with $25.3M from these two loans.

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