Quarterly ResultJul 23, 2026, 04:02 PM
Princeton Bancorp Q2 Net Income $7.1M; EPS $1.04
AI Summary
Princeton Bancorp, Inc. announced strong second quarter 2026 results, with net income rising to $7.1 million, or $1.04 per diluted common share. This represents a significant increase compared to $6.2 million ( diluted EPS $0.91) in the first quarter of 2026 and $688 thousand (diluted EPS $0.10) in the second quarter of 2025. The improved performance was driven by a 6% increase in net interest income and continued expansion of the net interest margin. Total assets and deposits saw slight decreases, while stockholders' equity increased.
Key Highlights
- Net income for Q2 2026 was $7.1 million, up from $6.2 million in Q1 2026 and $688 thousand in Q2 2025.
- Diluted earnings per share for Q2 2026 was $1.04, compared to $0.91 in Q1 2026 and $0.10 in Q2 2025.
- Net interest income increased by $1.2 million to $20.0 million in Q2 2026 compared to Q1 2026 and Q2 2025.
- Net interest margin for Q2 2026 was 3.86%, an increase of 23 basis points from Q1 2026 and 32 basis points from Q2 2025.
- Total assets decreased by $34.1 million (1.49%) to $2.25 billion at June 30, 2026, from $2.28 billion at December 31, 2025.
- Total deposits decreased by $40.5 million (2.05%) to $1.94 billion at June 30, 2026, from $1.98 billion at December 31, 2025.
- Total stockholders' equity increased by $9.2 million (3.40%) to $279.9 million at June 30, 2026, from $270.7 million at December 31, 2025.
- The Company recorded a reversal of credit losses of $353 thousand during Q2 2026.
Price Impact
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