Princeton Bancorp Q2 net income drops to $688K from $5.4M QoQ on $7M credit loss provision

Princeton Bancorp, Inc.

2025-Q2 EPS reported $0.88

Net income $688K ($0.10 EPS) vs $5.4M ($0.77) Q1 2025 and $5.1M ($0.80) Q2 2024.
Provision for credit losses $7.0M, up $6.7M QoQ, primarily from previously disclosed $9.9M charge-off.
Net interest income $18.8M (+$53K QoQ, +$2.8M YoY); net interest margin 3.54%.
Total assets $2.24B (-4.2% YTD); deposits down $100.3M (-4.93%); equity ratio 11.7%.
Repurchased 173K shares at $31.14; CEO expects stronger H2 2025 earnings.

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