Quarterly ResultMay 8, 2026, 02:26 PM
Princeton Bancorp Q1 Net Income $6.23M, EPS $0.92
AI Summary
Princeton Bancorp reported a strong first quarter for 2026, with net income increasing by 15.8% to $6.23 million and basic earnings per share rising by 17.9% to $0.92 compared to the prior year. The company saw a slight increase in net interest income and a notable rise in non-interest income, while total non-interest expenses decreased. Total assets and deposits experienced a modest decline from the previous quarter.
Key Highlights
- Net income for Q1 2026 increased 15.8% to $6.229 million from $5.378 million in Q1 2025.
- Basic earnings per share rose 17.9% to $0.92 in Q1 2026 from $0.78 in Q1 2025.
- Net interest income slightly increased to $18.858 million in Q1 2026 from $18.757 million in Q1 2025.
- Total non-interest income grew 11.9% to $2.451 million in Q1 2026 from $2.190 million in Q1 2025.
- Total non-interest expense decreased 2.7% to $13.415 million in Q1 2026 from $13.792 million in Q1 2025.
- Total assets were $2.254 billion at March 31, 2026, down from $2.285 billion at December 31, 2025.
- Total deposits were $1.943 billion at March 31, 2026, a decrease from $1.976 billion at December 31, 2025.
- Allowance for credit losses decreased to $(20.033) million at March 31, 2026, from $(20.325) million.
Price Impact
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