Highest-materiality recent filing
Princeton Bancorp Q2 net income drops to $688K from $5.4M QoQ on $7M credit loss provision
Net income $688K ($0.10 EPS) vs $5.4M ($0.77) Q1 2025 and $5.1M ($0.80) Q2 2024.
Princeton Bancorp takes $9.9M impairment charge on two CRE loans, after-tax hit of ($0.86)/share
Net impairment charge of $9.9M on two non-performing commercial real estate loans as of May 28, 2025.
Princeton Bancorp reports Q1 net income of $5.4M, EPS $0.77; NIM expands to 3.51%
Net income $5.4M ($0.77 diluted EPS), up from $5.2M ($0.75) in Q4 2024 and $4.3M ($0.68) in Q1 2024.
Q4 net income $5.2M ($0.75 EPS) vs Q3 loss; full-year EPS $1.55 vs $4.03 in 2023
Q4 2024 net income $5.2M ($0.75 diluted EPS) vs Q3 2024 loss of $4.5M ($0.68 loss) and Q4 2023 net income of $5.3M ($0.82).
Princeton Bancorp reports Q3 net loss of $4.5M due to Cornerstone acquisition costs
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.
Princeton Bancorp reports Q3 net loss of $3.6M on $6.7M Cornerstone acquisition costs
Net loss $3.6M (-$0.55/share) vs Q2 net income $5.1M ($0.80) and Q3 2023 net income $7.6M ($1.19).
Princeton Bancorp completes acquisition of Cornerstone Financial; combined assets ~$2.31B
CFC had $322.7M assets, $290.6M deposits, $27.7M equity as of June 30, 2024.
Princeton Bancorp Q2 net income $5.1M ($0.80 EPS); acquisition approvals received
Q2 2024 net income $5.1M ($0.80 diluted EPS) vs Q1 $4.3M ($0.68) and Q2 2023 $6.8M ($1.07).
Princeton Bancorp Q1 net income falls to $4.3M, announces Cornerstone acquisition
Q1 2024 net income of $4.3M ($0.68 diluted EPS), down from $6.1M ($0.95) in Q1 2023.
Princeton Bancorp Q4 net income $5.3M, EPS $0.82; assets $1.92B; NIM 3.55%
Q4 net income $5.3M ($0.82 diluted EPS) vs $7.6M ($1.19) in Q3 and $7.2M ($1.13) in Q4 2022.
Princeton Bancorp (BPRN) to acquire Cornerstone Financial (CFIC) for ~$17.9M
Deal valued at ~$17.9M; each Cornerstone common share exchanged for 0.24 BPRN shares (~$8.16/share at $34.00 close).
Princeton Bancorp to acquire Cornerstone Financial in stock-for-stock merger
Each CFC common share exchanged for 0.24 BPRN shares; exchange ratio may adjust if CFC equity+allowance drops below $26.8M.
Princeton Bancorp Q3 net income $7.6M ($1.19 EPS), up from Q2 and year-ago
Net income $7.6M, $1.19 diluted EPS vs $1.07 in Q2 2023 and $1.09 in Q3 2022.
Princeton Bancorp Q2 net income $6.8M ($1.07 EPS); closes Noah Bank acquisition
Net income $6.8M ($1.07 diluted EPS) vs $6.1M ($0.95) Q1 2023 and $6.3M ($0.98) Q2 2022.
Princeton Bancorp Q1 net income $6.1M ($0.95 EPS); NIM 4.59%, loan growth 5.2% annualized
Net income of $6.1M, or $0.95 diluted EPS, compared to $7.2M ($1.13) in Q4 2022 and $6.0M ($0.91) in Q1 2022.
Princeton Bancorp Q4 2022 net income $7.2M ($1.13 EPS); full-year $26.5M ($4.11 EPS) up 17.8% YoY
Net income Q4 2022 $7.2M ($1.13 diluted EPS) vs $6.2M ($0.92) in Q4 2021, up 16%.
Bank of Princeton stockholders approve reorganization into Princeton Bancorp; exchange 1:1
Stockholders of The Bank of Princeton approved the reorganization on April 29, 2022.
Company will allow shareholders with 20% of votes to call special meetings, reduce bylaw amendment vote to majority, and eliminate supermajority exceptions for articles amendments.
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.
Max materiality 0.80 · Median 0.50 · Most common event earnings