Group 1 - Princeton Bancorp reported revenue of $21.06 million for the quarter ended June 2025, representing a 16.6% increase year-over-year [1] - The company's EPS was $0.10, a significant decrease from $0.80 in the same quarter last year, with an EPS surprise of +600% compared to the consensus estimate of -$0.02 [1] - The reported revenue was a surprise of -1.95% against the Zacks Consensus Estimate of $21.48 million [1] Group 2 - Key metrics for Princeton Bancorp include average interest-earning assets of $2.13 billion, which was below the two-analyst average estimate of $2.17 billion [4] - The net charge-offs to average loans ratio was 2.1%, slightly better than the estimated 2.2% [4] - The adjusted efficiency ratio was reported at 63.1%, compared to the average estimate of 62.7% [4] - The net interest margin was 3.5%, slightly below the estimated 3.6% [4] - Total noninterest income was $2.25 million, exceeding the average estimate of $2.19 million [4] - Net interest income was reported at $18.81 million, lower than the average estimate of $19.26 million [4] Group 3 - Shares of Princeton Bancorp have returned +8.3% over the past month, outperforming the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]

Princeton Bancorp (BPRN) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.8 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +600.00%. A quarter ago, it was expected that this bank would post earnings of $0.76 per share when it actually produced earnings of $0.77, delivering a surprise of +1.32%.Over the last four quarters, the ...

PRINCETON, N.J., July 24, 2025 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations for the quarter and six months ended June 30, 2025.President/CEO Edward Dietzler commented on the quarter results, "Although we were disappointed with the large previously disclosed credit loss recorded in the second quarter, we are encouraged by the improvement in ne ...

PRINCETON, N.J., July 23, 2025 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ: BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on July 23, 2025, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 29, 2025, to shareholders of record at the close of business on August 6, 2025. "This dividend reflects the Board of Director's continuing commitment in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41589 PRINCETON BANCORP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 88-4268702 (State or o ...

Loan Portfolio - As of December 31, 2024, the total loan portfolio amounted to $1.83 billion, with commercial real estate and multi-family loans constituting $1.39 billion, or 76.1% of total loans[26] - The commercial real estate portfolio increased by $242.2 million, or 21.1%, from December 31, 2023, when it was $1.14 billion, or 73.8% of total loans[26] - Commercial and industrial loans reached $93.0 million, representing 5.1% of the total loan portfolio, with an increase of $42.0 million, or 82.2%, since December 31, 2023[32] - Construction loans totaled $257.2 million, or 14.1% of total loans, reflecting a decrease of $53.0 million, or 17.1%, since December 31, 2023[35] - Residential first-lien mortgage loans amounted to $68.0 million, or 3.7% of the total portfolio, with a significant increase of $30.0 million, or 78.8%, since December 31, 2023[38] - Loans receivable, net increased from $1.55 billion at December 31, 2023, to $1.82 billion at December 31, 2024, an increase of $270.5 million, or 17.5%[40] - The acquisition of CFC in August 2024 resulted in an increase of $255.5 million to the loan portfolio[40] - As of December 31, 2024, the company's total loan portfolio includes approximately $1.39 billion in commercial real estate loans, representing 76.1% of the total[147] - The company has $257.2 million in construction loans, accounting for 14.1% of the total loan portfolio as of December 31, 2024[147] - The lending limit to one borrower under regulatory guidelines is $40.6 million, with an internal limit set at approximately $30.5 million[129] Non-Performing Assets and Credit Losses - Total non-performing assets increased to $27.1 million as of December 31, 2024, up $20.4 million from December 31, 2023[59] - The allowance for credit losses on loans was $23.7 million as of December 31, 2024, compared to $18.5 million as of December 31, 2023, reflecting a $5.2 million increase[58] - Nonaccrual loans totaled $26.8 million as of December 31, 2024, representing 1.47% of total loans outstanding[60] - The allowance for credit losses to total loans outstanding increased to 1.30% in 2024 from 1.19% in 2023[60] - The company recorded net charge-offs of $353 thousand during 2024, compared to $1.8 million in 2023[60] - Commercial real estate loans accounted for 76.1% of the allowance for credit losses in 2024, up from 73.7% in 2023[62] - The company is evaluating options regarding two delinquent commercial real estate loans totaling $25.4 million[59] - The allowance for credit losses may not be adequate to cover actual losses, and regulatory agencies may require an increase in this allowance, adversely affecting earnings[157] Deposits and Equity - Total deposits increased from $1.64 billion at December 31, 2023, to $2.03 billion at December 31, 2024, an increase of $396.9 million, or 24.26%[85] - Non-interest-bearing deposits increased by $51.7 million, or 20.7%, to $301.0 million at December 31, 2024[85] - Interest-bearing deposits increased by $345.2 million, or 24.9%, including $215.2 million acquired from CFC[85] - Average total deposits for the year ended December 31, 2024, were $1.83 billion, an increase of $318.9 million from $1.51 billion for the year ended December 31, 2023[183] - Total stockholders' equity increased by $21.8 million, or 9.09%, to $261.5 million at December 31, 2024[89] - The ratio of equity to total assets decreased from 12.5% at December 31, 2023, to 11.2% at December 31, 2024[89] Acquisitions and Market Presence - The Company completed the acquisition of Noah Bank on May 19, 2023, and Cornerstone Financial Corporation on August 23, 2024, enhancing its market presence[16][17] - Goodwill increased by $5.5 million to $14.4 million at December 31, 2024, related to the acquisition of CFC[71] Regulatory Environment - The common equity Tier 1 capital requirement is at least 4.5% of risk-weighted assets, with the Bank meeting all capital adequacy requirements on a fully phased-in basis as of December 31, 2023[112][115] - The Federal Reserve has paused major rulemakings until a new vice chair for supervision is confirmed, affecting regulatory oversight[101][102] - The Community Reinvestment Act (CRA) rating is "satisfactory" as of December 31, 2024, with new regulations expected to take effect in 2024 and 2026[123] - The limit for federal deposit insurance is $250,000, with potential adverse effects on operating expenses if insurance assessments increase[106] - The Bank is classified as a "small bank holding company" with less than $3 billion in consolidated assets, exempting it from certain capital requirements[118] - The Dodd-Frank Act expands limitations on affiliate transactions, impacting the Company's operational flexibility[98] - The Bank's leverage capital requirement is at least 3.0% of adjusted total assets, with additional requirements for other banking associations[113] - The Federal Reserve may require the Company to provide adequate capital funds to the Bank during financial stress[99] - The Company is prohibited from paying dividends if it would result in being undercapitalized or in default of any assessment due to the FDIC[108] Competition and Market Conditions - The Company faces substantial competition in both loan origination and deposit attraction, impacting net interest income and overall profitability[20][21] - Increased competition from other financial institutions may adversely affect profitability, as competitors may offer higher interest rates on deposits and lower rates on loans[181] - The company faces substantial competition in originating loans, primarily from banks, credit unions, and mortgage companies within a 100-mile radius of Princeton[179] - Market conditions and economic cyclicality may adversely affect the company's industry, leading to increased delinquencies and default rates[174] Economic Risks - A recession in the local economy could impair commercial real estate borrowers' ability to repay loans, potentially increasing nonperforming loans and negatively impacting net income[152] - The company is exposed to risks from economic downturns, which could lead to increased credit losses and negatively affect financial condition[156] - Inflation poses a risk to the company's business and its customers, potentially leading to increased loan delinquencies and non-performing assets[172] - The financial services industry is experiencing volatility, with changes in interest rates impacting net interest income, a significant portion of the company's earnings[159] - Instability in global economic conditions and geopolitical matters could materially affect the company's results of operations and financial condition[175] Operational Risks - The company faces increased regulatory scrutiny and potential changes in legislation that could impact its operating environment[142] - The company must maintain high underwriting standards to ensure safe asset growth, as weakening these standards could lead to loan defaults and increased credit loss allowances[184] - The company relies on third parties for key business infrastructure, and failures in these systems could disrupt operations and damage reputation[189] - The company utilizes AI for operational efficiency and customer service, but does not use it for decision-making processes, mitigating potential risks associated with AI[193] - Cybersecurity risks remain a significant concern, with potential exposure to cyber-attacks that could compromise confidential information and disrupt operations[198] - The sophistication of cyber threat actors has escalated, leading to increased risks of cyber-attacks and information security breaches[201] - The potential material loss from cyber-attacks could result in significant business disruption, reputational damage, and regulatory fines[203] - The Bank's existing insurance coverage may not adequately compensate for losses from major cyber-attacks[204] - The perception of a successful cyber-attack could damage the Bank's reputation with customers and clients, regardless of the actual occurrence[203] Employee and Growth Management - Attracting and retaining skilled employees is critical for managing growth and ensuring long-term profitability[209] - The loss of executive officers or key personnel could adversely affect the implementation of the Bank's long-term business strategy[211] - The Bank's growth strategy has substantially increased expenses, impacting results of operations, particularly in compensation and leasehold expenses[208] Reputation and Customer Confidence - Maintaining a strong reputation is essential for the company’s success, as any damage could adversely affect client confidence and operational results[185] - The increasing use of social media platforms presents new risks, including improper disclosure of proprietary information and negative publicity[205] - The ability to monitor third-party cybersecurity practices is limited, increasing the risk of breaches impacting the Bank's confidential information[202]

Core Insights - Princeton Bancorp reported revenue of $20.03 million for Q4 2024, a year-over-year increase of 12.6% [1] - The earnings per share (EPS) for the same period was $0.75, down from $0.82 a year ago [1] - Revenue fell short of the Zacks Consensus Estimate by 5.59%, which was $21.22 million [1] - The EPS also missed the consensus estimate of $0.86 by 12.79% [1] Financial Metrics - Efficiency Ratio was reported at 62.6%, slightly higher than the estimated 61.8% [4] - Net Interest Margin was 3.3%, below the average estimate of 3.6% [4] - Total Noninterest Income was $2.03 million, compared to the estimated $2.20 million [4] - Net Interest Income was reported at $18.01 million, lower than the average estimate of $19.36 million [4] Stock Performance - Shares of Princeton Bancorp have returned -3.2% over the past month, while the Zacks S&P 500 composite increased by 0.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Group 1: Earnings Performance - Princeton Bancorp reported quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.86 per share, and down from $0.82 per share a year ago, representing an earnings surprise of -12.79% [1] - The company posted revenues of $20.03 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 5.59%, compared to year-ago revenues of $17.79 million [2] Group 2: Stock Performance and Outlook - Princeton Bancorp shares have lost about 3.5% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The current consensus EPS estimate for the coming quarter is $0.81 on revenues of $21.11 million, and for the current fiscal year, it is $3.55 on revenues of $87.58 million [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 9% of over 250 Zacks industries, indicating strong performance potential [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors can track these revisions for insights [5]

Company Update - Brian Schoener has joined The Bank of Princeton as Vice President, Commercial Loan Officer for the Mercer County Region [1] - Brian Schoener brings over 25 years of experience in the banking industry, including roles at Northfield Bank, Santander Bank, and TD Bank [2] - Brian Schoener will be based out of The Bank of Princeton's Lambertville Office located at 10 Bridge Street, Lambertville, NJ [2] Industry Expertise - Brian Schoener has a wealth of experience in commercial lending and business banking, with longstanding ties within local and regional communities [2] - He has successfully worked with a wide range of clients across diverse industries, showcasing his ability to deliver tailored financial solutions [2] Strategic Growth - The Bank of Princeton is focused on growing its commercial and small business lending, cash management, and deposit portfolio [2] - Brian Schoener's expertise and dedication are expected to be an invaluable addition to the team as the bank continues its growth strategy [2]

Core Viewpoint - Princeton Bancorp (BPRN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Princeton Bancorp suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5][11]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [10][11]. Earnings Estimate Details - For the fiscal year ending December 2024, Princeton Bancorp is expected to earn $2.98 per share, reflecting a year-over-year change of -26.1% [8]. - Over the past three months, the Zacks Consensus Estimate for Princeton Bancorp has increased by 0.3% [8].