Financial Position - Total assets decreased by $111.1 million, or 4.75%, to $2.23 billion at September 30, 2025, compared to $2.34 billion at the end of 2024[128] - Cash and cash equivalents decreased by $44.5 million, or 37.9%, to $72.9 million at September 30, 2025[129] - Total available-for-sale investment securities decreased by $37.2 million, or 15.1%, to $209.9 million at September 30, 2025[130] - Net loans decreased by $25.1 million, or 1.38%, to $1.79 billion at September 30, 2025, with significant decreases in construction loans and commercial real estate loans[131] - Total deposits decreased by $104.0 million, or 5.12%, at September 30, 2025, primarily due to decreases in certificates of deposit and money market deposits[136] - Non-performing assets totaled $16.7 million, a decrease of $10.1 million from December 31, 2024, with non-performing assets as a percentage of total loans at 0.93%[135] Equity and Capital Ratios - Total stockholders' equity increased by $4.6 million, or 1.74%, to $267.5 million at September 30, 2025, primarily due to an increase in retained earnings[139] - The ratio of equity to total assets improved to 12.0% at September 30, 2025, compared to 11.2% at December 31, 2024[139] - As of September 30, 2025, the total capital to risk-weighted assets ratio was 13.780%, exceeding the well-capitalized requirement of 10.000%[148] - The Tier 1 capital to risk-weighted assets ratio was 12.726% as of September 30, 2025, above the minimum requirement of 8.000%[148] Income and Expenses - The Company reported a net income of $6.5 million, or $0.95 per diluted common share, for Q3 2025, compared to a net loss of ($4.5) million, or ($0.68) per diluted common share, for Q3 2024[149] - Interest income increased by $935 thousand for Q3 2025, with interest income on loans rising by $1.8 million due to an increase in the average balance of loans by $125.9 million[150] - Interest expense decreased by $1.6 million to $13.1 million for Q3 2025, primarily due to a decrease of 53 basis points in the rate paid on interest-bearing deposits[151] - The Company recorded a reversal of credit losses of $672 thousand during Q3 2025, with no charge-offs recorded and recoveries amounting to $86 thousand[152] - Total non-interest income was $1.9 million for Q3 2025, a decrease of $148 thousand or 7.2% compared to the same period in 2024[153] - Total non-interest expense was $13.9 million for Q3 2025, a decrease of $6.2 million or 30.9% compared to Q3 2024, primarily due to merger-related expenses recorded in the prior year[154] - The effective tax rate for Q3 2025 was 21.9%, compared to an income tax benefit resulting in an effective tax rate of (20.1)% for Q3 2024[155] Year-to-Date Performance - For the nine months ended September 30, 2025, the company reported net income of $12.5 million, or $1.82 per diluted common share, compared to $5.0 million, or $0.77 per diluted common share for the same period in 2024, reflecting a significant increase in net income[162] - Interest income increased by $9.5 million for the nine months ended September 30, 2025, primarily due to a $10.1 million increase in interest income on loans, attributed to an increase in the average balance of loans by $228.3 million[163] - The company recorded a provision for credit losses of $6.6 million for the nine months ended September 30, 2025, compared to $4.7 million for the same period in 2024, driven by a net charge-off of $7.5 million in the second quarter of 2025[165] - Non-interest income increased by $221 thousand, or 3.6%, for the nine months ended September 30, 2025, compared to the same period in 2024[166] - Non-interest expense decreased to $41.2 million for the nine months ended September 30, 2025, from $44.0 million in 2024, primarily due to the absence of merger-related expenses recorded in 2024[167] - The effective tax rate for the nine months ended September 30, 2025, was 20.5%, compared to 16.3% for the same period in 2024, with an income tax expense of $3.3 million[168] Interest Rate Risk Management - The company actively manages market risk, particularly interest rate risk, through monitoring and oversight policies to mitigate potential losses from adverse market changes[174] - The company has established an Asset/Liability Committee to manage interest rate risk and ensure alignment with business strategy and performance objectives[175] - As of September 30, 2025, total interest-earning assets amount to $2,040,490,000, while total interest-bearing liabilities are $1,634,250,000, resulting in a negative interest sensitivity gap of $406,240,000[178] - The cumulative interest-rate sensitivity gap as a percentage of total assets at September 30, 2025 is -29.08% for the 3-month period and -38.25% for the 1-year period[178] - The net portfolio value (NPV) as of September 30, 2025 is $340,535,000, with a projected decrease of 8.35% under a 300 basis points increase in interest rates[181] - The company expects a negative interest rate sensitivity gap to adversely affect net interest income during periods of rising interest rates[176] - Interest-earning assets as a percentage of cumulative interest-bearing liabilities at September 30, 2025 is 41.83% for the 3-month period and 126.73% for the 5-year period[178] - The interest rate sensitivity gap analysis indicates that the company may face challenges in managing interest rate fluctuations effectively[179] - The NPV ratio under various interest rate scenarios reflects the company's exposure to interest rate risk, with significant changes projected under different rate shocks[180] Internal Controls - The company has not identified any changes in internal control over financial reporting that materially affect its operations as of September 30, 2025[184] - Management has concluded that the company's disclosure controls and procedures are effective as of September 30, 2025, ensuring compliance with reporting requirements[183]

Core Insights - Princeton Bancorp (BPRN) reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.94 per share, and showing an increase from $0.63 per share a year ago, resulting in an earnings surprise of +1.06% [1] - The company posted revenues of $21.53 million for the quarter ended September 2025, which was 4.32% below the Zacks Consensus Estimate, compared to $19.17 million in the same quarter last year [2] - The stock has underperformed the market, losing approximately 11.4% since the beginning of the year, while the S&P 500 has gained 17.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.96, with expected revenues of $22.7 million, and for the current fiscal year, the EPS estimate is $2.76 on revenues of $87.7 million [7] - The estimate revisions trend for Princeton Bancorp was favorable prior to the earnings release, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Zacks Industry Rank for Banks - Northeast places it in the top 14% of over 250 Zacks industries, suggesting that stocks in the top 50% of Zacks-ranked industries outperform those in the bottom 50% by more than 2 to 1 [8] - First Mid Bancshares (FMBH), another company in the same industry, is expected to report quarterly earnings of $0.96 per share, reflecting a year-over-year increase of +15.7%, with revenues projected at $87.95 million, up 9.2% from the previous year [9]

Financial Performance - The Company reported a net income of $6.5 million, or $0.95 per diluted common share, for Q3 2025, compared to a net loss of ($4.5) million, or ($0.68) per diluted common share, in Q3 2024[3] - For the nine-month period ended September 30, 2025, net income was $12.5 million, or $1.82 per diluted common share, compared to $5.0 million, or $0.77 per diluted common share, for the same period in 2024[15] - Net income rose to $6,466 in Q3 2025, compared to a net loss of $4,456 in Q3 2024, marking a $10,922 improvement[26] - Net income for the three months ended September 30, 2025, was $6,466,000, an increase of 839.8% compared to $688,000 for the same period in 2024[28] - Income before income tax expense for the three months ended September 30, 2025, was $8,282,000, a significant increase of 1289.6% from $596,000 in the same period last year[28] Assets and Deposits - Total assets decreased by $111.1 million, or 4.75%, to $2.23 billion at September 30, 2025, compared to $2.34 billion at the end of 2024[4] - Total deposits decreased by $104.0 million, or 5.12%, to $1.93 billion as of September 30, 2025, compared to December 31, 2024[5] - Total assets decreased to $2,234.25 million from $2,295.04 million, a change of $(60.79) million or approximately -2.65%[36] - Total deposits decreased to $1,930.50 million from $1,986.27 million, a decline of $(55.77) million or approximately -2.81%[36] Income and Expenses - Net interest income for Q3 2025 was $19.6 million, an increase of $809 thousand over Q2 2025, and an increase of $2.5 million compared to Q3 2024[9] - Non-interest income for Q3 2025 was $1.9 million, a decrease of $343 thousand, or 15.2%, compared to Q2 2025[12] - Total non-interest expense for Q3 2025 was $13.9 million, an increase of $408 thousand, or 3.0%, compared to Q2 2025[13] - Non-interest expense decreased by $6,227, or 30.9%, from $20,144 in Q3 2024 to $13,917 in Q3 2025[26] - Total non-interest expense for the three months ended September 30, 2025, was $13,917,000, reflecting a 3.0% increase from $13,509,000 in the previous quarter[28] Credit Quality - The Company recorded a reversal of credit losses of $672 thousand in Q3 2025, with a coverage ratio of the allowance for credit losses to period-end loans at 1.14%[11] - The provision for credit losses reversed by $672 in Q3 2025, compared to a provision of $4,601 in Q3 2024, indicating a significant improvement in credit quality[26] - Provision for credit losses increased by 40.3% to $6,552,000 for the nine months ended September 30, 2025, compared to $4,669,000 in 2024[30] - Nonperforming loans increased slightly to $16,710 thousand from $16,530 thousand, a change of $180 thousand or approximately 1.09%[38] Equity and Shares - Total stockholders' equity increased by $4.6 million, or 1.74%, to $267.5 million at September 30, 2025, compared to December 31, 2024[6] - The book value per common share increased by $1.29, or 3.39%, from $38.07 on December 31, 2024, to $39.36 on September 30, 2025[22] - The company reported a weighted average shares outstanding increase of 3.1% from 6,573 in Q3 2024 to 6,776 in Q3 2025[26] - Weighted average shares outstanding - basic decreased by 1.3% to 6,776,000 from 6,867,000 year-over-year[28] Interest and Margins - The net interest margin increased to 3.77% in Q3 2025, up 23 basis points from Q2 2025 and 36 basis points from Q3 2024[9] - Net interest income after provision for credit losses increased by 71.2% to $20,291,000 from $11,854,000 year-over-year[28] - Total interest and dividends for the nine months ended September 30, 2025, rose to $98,796,000, a 10.7% increase from $89,286,000 in 2024[30] - The net interest margin improved to 3.77% from 3.41%, indicating a positive trend in interest income generation[32] - The net interest spread for the nine months was 2.94%, compared to 2.66% in the previous year, showing enhanced profitability[34] Market and Efficiency Ratios - The market value per common share at period end was $31.84, up from $30.54 in the previous quarter, reflecting an increase of $1.30 or approximately 4.26%[38] - The Tier 1 capital ratio to risk-weighted assets improved to 12.73% from 12.01%, an increase of 0.72%[38] - The adjusted efficiency ratio was reported at 63.68%, slightly higher than the previous quarter's 63.10%[38] - The return on average tangible equity improved to 10.45% in Q3 2025, up from 1.12% in Q2 2025[47]

Core Insights - Princeton Bancorp, Inc. reported a strong financial performance for the third quarter of 2025, achieving a net income of $6.5 million, or $0.95 per diluted share, a significant increase from a net loss of $4.5 million in the same quarter of 2024 [2][12]. Financial Performance - The net interest margin increased by 23 basis points to 3.77% compared to the previous quarter, driven by higher asset yields and reduced funding costs [2]. - Net interest income for the third quarter of 2025 was $19.6 million, up $809 thousand from the second quarter of 2025 and up $2.5 million from $17.1 million in the third quarter of 2024 [7][23]. - The company recorded a reversal of credit losses of $672 thousand during the third quarter of 2025, compared to a provision for credit losses of $4.6 million in the same quarter of 2024 [8][23]. Asset and Liability Management - Total assets decreased to $2.23 billion as of September 30, 2025, down $111.1 million or 4.75% from the end of 2024, primarily due to declines in cash, investment securities, and net loans [3][18]. - Total deposits decreased by $104 million, or 5.12%, compared to December 31, 2024, with significant reductions in certificates of deposit and money market deposits [4][22]. Equity and Capital Structure - Total stockholders' equity increased by $4.6 million, or 1.74%, compared to December 31, 2024, mainly due to an increase in retained earnings [5]. - The ratio of equity to total assets improved to 12.0% as of September 30, 2025, compared to 11.2% at the end of 2024 [5]. Non-Interest Income and Expenses - Total non-interest income for the third quarter of 2025 was $1.9 million, a decrease of $343 thousand or 15.2% from the previous quarter, primarily due to a decline in other non-interest income [9]. - Total non-interest expense increased by $408 thousand, or 3.0%, compared to the second quarter of 2025, but decreased significantly by $6.2 million or 30.9% compared to the third quarter of 2024, largely due to the absence of merger-related expenses [10][24].

Core Insights - A downtrend has been observed in Princeton Bancorp (BPRN), with a stock loss of 7.9% over the past four weeks, but a hammer chart pattern suggests a potential trend reversal [1][2] - Rising optimism among Wall Street analysts regarding future earnings enhances the prospects for a trend reversal [2][7] Technical Analysis - The hammer chart pattern indicates a potential bottom, formed when a stock opens lower, makes a new low, but then closes near or above the opening price, suggesting that bulls may be gaining control [4][5] - Hammer patterns can occur across various timeframes and are utilized by both short-term and long-term investors [5] Fundamental Analysis - There has been an upward trend in earnings estimate revisions for BPRN, which is considered a bullish indicator [7] - The consensus EPS estimate for the current year has increased by 3% over the last 30 days, indicating analysts' agreement on the company's potential for better earnings [8] Zacks Rank - BPRN currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10] - A Zacks Rank of 1 serves as a strong indicator of a potential trend reversal, helping investors identify improving company prospects [10]

Core Insights - Three stocks are highlighted with strong income characteristics and a buy rank as of October 13th Group 1: T. Rowe Price (TROW) - T. Rowe Price is a global investment management organization offering a variety of mutual funds and account management services [1] - The Zacks Consensus Estimate for T. Rowe Price's current year earnings has increased by 3.2% over the last 60 days [1] Group 2: Princeton Bancorp, Inc. (BPRN) - Princeton Bancorp, Inc. provides various banking products and services [2] - The Zacks Consensus Estimate for Princeton Bancorp's current year earnings has increased by 3% over the last 60 days [2] - Princeton Bancorp has a dividend yield of 4%, compared to the industry average of 2.6% [2] Group 3: Richardson Electronics (RELL) - Richardson Electronics is a global provider of engineered solutions, including product manufacturing and systems integration [3] - The Zacks Consensus Estimate for Richardson Electronics' current year earnings has increased by 52.9% over the last 60 days [3] - Richardson Electronics has a dividend yield of 2.1%, compared to the industry average of 0.8% [3]

Core Viewpoint - Princeton Bancorp (BPRN) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that revisions in earnings estimates can lead to significant price changes [4][6]. - For Princeton Bancorp, the Zacks Consensus Estimate has increased by 8% over the past three months, with an expected earnings per share of $2.76 for the fiscal year ending December 2025, showing no year-over-year change [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [9][10]. - The Zacks Rank 2 upgrade for Princeton Bancorp places it among the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Financial Performance - The Company reported a net income of $688 thousand, or $0.10 per diluted common share, for Q2 2025, a decrease from $5.1 million, or $0.80 per diluted common share, in Q2 2024[141]. - The Company reported a net income of $6.1 million, or $0.88 per diluted common share, for the six-month period ended June 30, 2025, a decrease from $9.5 million, or $1.48 per diluted common share, for the same period in 2024[153]. - Total non-interest income for Q2 2025 was $2.3 million, reflecting a 7.9% increase compared to the same period in 2024[145]. - Non-interest income rose by $369 thousand, or 9.1%, for the six-month period ended June 30, 2025, compared to the same period in 2024[157]. - The effective tax rate for Q2 2025 was (15.4)%, compared to an effective tax rate of 16.8% in Q2 2024[148]. - The effective tax rate for the six-month period ended June 30, 2025, was 18.9%, compared to 18.2% for the same period in 2024[159]. Asset and Liability Management - Total assets decreased by $98.6 million, or 4.21%, to $2.24 billion at June 30, 2025, compared to $2.34 billion at the end of 2024[120]. - Total deposits decreased by $100.3 million, or 4.93%, to $1.93 billion at June 30, 2025[127]. - The Company had approximately $599.8 million in uninsured deposits as of June 30, 2025[128]. - The Company maintained a $100.0 million letter of credit with the FHLB supporting municipal deposits as of June 30, 2025[132]. - Total stockholders' equity decreased by $94 thousand, or 0.04%, to $236.5 million at June 30, 2025[130]. - The ratio of equity to total assets improved to 11.7% at June 30, 2025, from 11.2% at December 31, 2024[130]. Loan and Credit Management - Net loans increased by $20.4 million, or 1.12%, to $1.84 billion at June 30, 2025, driven by a $40.5 million increase in residential mortgages[123]. - The provision for credit losses was recorded at $7.0 million in Q2 2025, primarily due to a loan charge-off of $9.9 million[144]. - The provision for credit losses was $7.2 million for the six-month period ended June 30, 2025, compared to only $68 thousand for the same period in 2024, largely due to a charge-off of $9.9 million[156]. - Non-performing assets totaled $16.5 million, a decrease of $10.6 million, with non-performing assets as a percentage of total loans at 0.90%[126]. Interest Income and Expense - Interest income increased by $3.3 million in Q2 2025, driven by a $3.6 million increase in loan interest income due to a $260 million increase in the average balance of loans[142]. - Interest income increased by $8.6 million for the six months ended June 30, 2025, primarily due to an increase in the average balance of loans by $280.1 million[154]. - The average balance of interest-bearing deposits increased by $213.9 million, contributing to a total interest expense of $13.9 million in Q2 2025[143]. - Interest expense on deposits rose by $2.4 million to $28.5 million for the six-month period ended June 30, 2025, due to an increase in the average balance of interest-bearing deposits[155]. Capital Adequacy - Total capital to risk-weighted assets ratio was 13.048% as of June 30, 2025, exceeding the well-capitalized requirement of 10.000%[140]. - Tier 1 capital to risk-weighted assets ratio was 12.004% as of June 30, 2025, above the minimum requirement of 8.000%[140]. Market Risk Management - The Company actively manages market risk, particularly interest rate risk, through its Asset/Liability Committee, which regularly reviews policies and risk positions[164]. - The cumulative interest-rate sensitivity gap as a percentage of total assets at June 30, 2025, was -38.06%[169]. - The net portfolio value (NPV) under a 300 basis points rate shock decreased by $39,629,000, representing an 11.81% decline[174]. - The NPV ratio under static conditions was 14.93%[174]. - The company reported a decrease in NPV of $12,761,000, or 3.80%, under a 100 basis points rate shock[174]. Internal Controls and Reporting - There were no changes in the company's internal control over financial reporting that materially affected its effectiveness during the quarter ended June 30, 2025[178]. - The company’s disclosure controls and procedures were deemed effective as of June 30, 2025[177]. Investment Securities - Total available-for-sale investment securities decreased by $22.4 million, or 9.1%, to $224.8 million at June 30, 2025[122]. - The total amount of investment securities was $224,920,000, with a loss of $(10,767,000)[169].

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]

Core Viewpoint - Princeton Bancorp reported quarterly earnings of $0.1 per share, exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, representing an earnings surprise of +600.00% [1][2] Financial Performance - The company posted revenues of $21.06 million for the quarter ended June 2025, which was 1.95% below the Zacks Consensus Estimate, compared to $18.06 million in the same quarter last year [2] - Over the last four quarters, Princeton Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Princeton Bancorp shares have declined approximately 5.6% since the beginning of the year, while the S&P 500 has gained 8.1% [3] - The current Zacks Rank for the stock is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.90 on revenues of $22.01 million, and for the current fiscal year, it is $2.56 on revenues of $86.67 million [7] - The trend of estimate revisions for Princeton Bancorp was unfavorable prior to the earnings release, which may impact future stock movements [6][5] Industry Context - The Banks - Northeast industry, to which Princeton Bancorp belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]