BPRN News & Events

President/CEO Edward Dietzler commented on the quarter results, "The Bank achieved another strong quarter, with net income of $6.1 million and diluted EPS of $0.90. These results were supported by an increase in non-interest income of over 11%, as well as a reduction in operating expenses of 8.5%, in each case compared to the third quarter of this year. These metrics also improved to a lesser extent when compared to the fourth quarter of 2024."

Princeton Bancorp declared a cash dividend of 35c per share of the common stock of the company. This dividend will be paid on November 26 to shareholders of record at the close of business on November 7.

Reports Q3 net interest margin 3.77%, up 23 basis points vs. Q2 and 36 basis points vs. 3Q24. Tangible book value per common share was $36.80 from $35.45 last quarter. Tier 1 capital ratio to average assets was 11.15% from 10.63% last quarter. CEO Edward Dietzler commented, "The Bank achieved strong quarterly results, with a net income of $6.5M and an EPS of 9c5. These results were driven by a 23-basis-point increase in the net interest margin to 3.77%, as compared to the prior quarter, reflecting improvements that were driven by higher asset yields and a reduction in funding costs."

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 net interest income and in non-interest income, as well as a reduction in operating expenses this quarter, reflecting improvement in our earnings excluding our provision for credit losses. Additionally, we repurchased 173 thousand shares of our common stock at an average price of $31.14 as part of the share repurchase program. We expect stronger earnings in the second half of 2025.