Princeton Bancorp, Inc. reported financial results for the three months ended March 31, 2026.
“On April 23, 2026, the registrant, the bank holding company for The Bank of Princeton, issued a press release containing financial information regarding its financial condition and results of operations for the three months ended March 31, 2026.”
Restructurings & Charges
Princeton Bancorp, Inc. announced a impairment with charges of $9.9 million affecting two commercial real estate loans.
“Based on the bids received for such loans, on May 28, 2025, the Registrant’s Board of Directors, Chief Executive Officer and Chief Financial Officer concluded that a material charge for impairment to such loans is required under generally accepted accounting principles applicable to the Registrant. The amount of the net impairment charge is estimated to be $9.9 million”
Susan M. Barrett was elected as Director at Princeton Bancorp, Inc..
“On August 23, 2024, the Board of Directors of Princeton Bancorp, Inc. (the “Registrant”), the bank holding company of The Bank of Princeton (“TBOP”), elected Susan M. Barrett to the Board of Directors of the Registrant.”
Governance Changes
Princeton Bancorp, Inc.: Articles of Amendment filed to authorize 2,000,000 shares of preferred stock and empower the board to determine their terms, amending Article Fifth of the articles of incorporation (effective 2024-04-29).
“On May 3, 2024, Princeton Bancorp, Inc. (the “Company”) received confirmation from the Pennsylvania Department of State that as of April 29, 2024, the Company’s Articles of Amendment were filed and effective.”
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.
“The Company reported net income of $4.3 million, or $0.68 per diluted common share, for the first quarter of 2024”
Shareholder Votes
Princeton Bancorp, Inc. shareholders approved Proposal to ratify the appointment of Wolf & Company, P.C. as independent auditors for the year ending December 31, 2024 at the 2024-04-23 meeting.
“the proposal to ratify Wolf & Company, P.C. as the registrant's independent auditors for the year ending December 31, 2024 was approved by the shareholders”
Shareholder Votes
Princeton Bancorp, Inc. shareholders approved Proposal to approve an amendment to the registrant's articles of incorporation to authorize a class of 2,000,000 shares of preferred stock at the 2024-04-23 meeting.
“the proposal to amend the registrant's articles of incorporation to authorize a class of 2,000,000 shares of preferred stock was approved by the shareholders”
Shareholder Votes
Princeton Bancorp, Inc. shareholders approved Advisory vote to approve named executive officer compensation at the 2024-04-23 meeting.
“the advisory vote to approve named executive officer compensation was approved by the shareholders”
Shareholder Votes
Princeton Bancorp, Inc. shareholders approved Election of Directors at the 2024-04-23 meeting.
“all of the nominees listed were elected as directors of the registrant”
Earnings Releases
Princeton Bancorp, Inc. reported the quarter and 12 months ended December 31, 2023 results: net income Net income for the quarter was $5.3 million, EPS $0.82 per diluted common share, for the fourth quarter of 2023.
Princeton Bancorp, Inc. entered into Agreement and Plan of Merger with Cornerstone Financial Corporation (effective 2024-01-18).
“On January 18, 2024, Princeton Bancorp, Inc. (the “ Company ”), the holding company for The Bank of Princeton, a New Jersey chartered bank, entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Cornerstone Financial Corporation, a New Jersey corporation (“ CFC ”) and holding company for Cornerstone Bank, a New Jersey chartered bank.”
Earnings Releases
Princeton Bancorp, Inc. reported the nine months ended September 30, 2023 results: net income $20.5 million, or $3.21 per diluted common share.
“For the nine-month period ended September 30, 2023, the Company recorded net income of $20.5 million, or $3.21 per diluted common share”
Earnings Releases
Princeton Bancorp, Inc. reported the quarter ended September 30, 2023 results: net income $7.6 million, or $1.19 per diluted common share.
“The Company reported net income of $7.6 million, or $1.19 per diluted common share, for the third quarter of 2023”
Earnings Releases
Princeton Bancorp, Inc. reported the six-month period ended June 30, 2023 results: net income $12.9 million, EPS $2.02 per diluted common share.
“For the six-month period ended June 30, 2023, the Company recorded net income of $12.9 million, or $2.02 per diluted common share”
Earnings Releases
Princeton Bancorp, Inc. reported the quarter ended June 30, 2023 results: net income $6.8 million, EPS $1.07 per diluted common share.
“The Company reported net income of $6.8 million, or $1.07 per diluted common share, for the second quarter of 2023”
Shareholder Votes
Princeton Bancorp, Inc. shareholders approved Proposal to ratify the appointment of Wolf & Company, P.C. as independent auditors for the year ending December 31, 2023 at the 2023-04-28 meeting.
“Proposal to ratify the appointment of Wolf & Company, P.C. as independent auditors for the year ending December 31, 2023 5,365,142 39,838 9,133 0”
Shareholder Votes
Princeton Bancorp, Inc. shareholders approved Advisory vote to approve named executive officer compensation at the 2023-04-28 meeting.
“Advisory vote to approve named executive officer compensation 4,119,874 74,067 35,014 1,185,158”
Shareholder Votes
Princeton Bancorp, Inc. shareholders approved Election of Directors at the 2023-04-28 meeting.
“Election of Directors For Withheld Edward Dietzler 4,162,274 66,681 Stephen Distler 4,152,410 76,545 Judith Giacin 4,161,289 67,666 Richard Gillespie 3,938,830 290,125 Robert Ridolfi 3,941,728 287,227 Stephen Shueh 4,167,099 61,856 Martin Tuchman 4,186,952 42,003 Ross Wishnick 3,778,050 450,905”
Earnings Releases
Princeton Bancorp, Inc. reported for the quarter ended March 31, 2023 results: net income $6.1 million, EPS $0.95 per diluted common share.
“The Company reported net income of $6.1 million, or $0.95 per diluted common share, for the first quarter of 2023, compared to net income of $7.2 million, or $1.13 per diluted common share, for the fourth quarter of 2022, and net income of $6.0 million, or $0.91 per diluted common share, for the first quarter of 2022.”
Earnings Releases
Princeton Bancorp, Inc. reported the quarter and year ended December 31, 2022 results: net income net income of $7.2 million, EPS $1.13 per diluted common share.
“The Bank of Princeton (the “Bank”), the wholly owned subsidiary of Princeton Bancorp, Inc. (NASDAQ – BPRN), today reported its unaudited financial condition and results of operations at and for the quarter and year ended December 31, 2022. The Bank reported net income of $7.2 million, or $1.13 per diluted common share, for the fourth quarter of 2022”
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