Princeton Bancorp, Inc.
Business
Princeton Bancorp, Inc. is a bank holding company that owns The Bank of Princeton, a New Jersey state-chartered bank providing personal and business lending and deposit services. The Bank offers one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans, consumer loans, and traditional retail deposit products through 33 branches across New Jersey and Pennsylvania. The company operates primarily in its local markets within a 50-mile radius of Princeton, New Jersey, with additional operations in the Philadelphia and New York City metropolitan areas.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans receivable, including fees | 118 | 109 | 89 | 71 | 67 | |
| Taxable | 9 | 5 | 1 | 986,000 | 547,000 | |
| Tax-exempt | 1 | 1 | 1 | 1 | 1 | |
| Securities held-to-maturity | 8,000 | 9,000 | 10,000 | 11,000 | 11,000 | |
| Other interest and dividend income | 3 | 8 | 6 | 923,000 | 197,000 | |
| TOTAL INTEREST AND DIVIDEND INCOME | 131 | 123 | 98 | 74 | 69 | |
| Deposits | 55 | 56 | 33 | 6 | 7 | |
| Borrowings | 58,000 | 0 | 118,000 | 5,000 | 1,000 | |
| TOTAL INTEREST EXPENSE | 55 | 56 | 33 | — | — | |
| NET INTEREST INCOME | 76 | 67 | 65 | 68 | 63 | |
| Provision for credit losses | 7 | 5 | 3 | 400,000 | 4 | |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 69 | 61 | 62 | 68 | 59 | |
| (Loss) gain on call/sale of securities available-for-sale | 0 | −7,000 | 39,000 | 2,000 | 7,000 | |
| Income from bank-owned life insurance | 2 | 2 | 1 | 1 | 1 | |
| Fees and service charges | 2 | 2 | 2 | 2 | 2 | |
| Loan fees, including preypayment penalties | 3 | 3 | 3 | 1 | 2 | |
| Other | 1 | 1 | 816,000 | 386,000 | 21,000 | |
| TOTAL NON-INTEREST INCOME | 8 | 8 | 17 | 5 | 5 | |
| Salaries and employee benefits | 28 | 26 | 23 | 20 | 17 | |
| Occupancy and equipment | 9 | 8 | 7 | 6 | 6 | |
| Professional fees | 3 | 3 | 2 | 2 | 2 | |
| Data processing and communications | 6 | 5 | 5 | 4 | 4 | |
| Federal deposit insurance | 2 | 1 | 891,000 | 1 | 792,000 | |
| Advertising and promotion | 695,000 | 630,000 | 504,000 | 484,000 | 214,000 | |
| Office expense | 578,000 | 621,000 | 508,000 | 239,000 | 219,000 | |
| Other real estate expenses | 27,000 | 14,000 | 1,000 | 106,000 | 241,000 | |
| Core deposit intangible | 856,000 | 602,000 | 502,000 | 569,000 | — | |
| Acquisition-related expenses | 0 | 8 | 6 | 0 | — | |
| Other | 4 | 4 | 3 | 3 | 3 | |
| TOTAL NON-INTEREST EXPENSE | 54 | 57 | 49 | 38 | 34 | |
| INCOME BEFORE INCOME TAX EXPENSE | 24 | 13 | 30 | 34 | 29 | |
| INCOME TAX EXPENSE | 5 | 3 | 5 | 8 | 7 | |
| NET INCOME | 19 | 10 | 26 | 26 | 22 | |
| Earnings per common share-basic | 2.73 | 1.57 | 4.1 | 4.19 | 3.37 | |
| Earnings per common share-diluted | 2.71 | 1.55 | 4.03 | 4.11 | 3.3 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 17 | 17 | 17 | 12 | 9 | |
| Interest-earning bank balances | 19 | 17 | 17 | 13 | 3 | |
| Due from Federal Reserve Bank | 99 | 84 | 116 | 28 | 147 | |
| Total cash and cash equivalents | 136 | 117 | 151 | 53 | 159 | |
| Securities available-for-sale, at fair value (amortized cost $189,924 and $259,658 at December 31, 2025 and December 31, 2024, respectively) | 183 | 247 | 91 | 81 | 101 | |
| Securities held-to-maturity (fair value $162 and $192, at December 31, 2025 and December 31, 2024, respectively) | 153,000 | 161,000 | 193,000 | 201,000 | 208,000 | |
| Loans receivable, net of deferred fees and costs | 1,816 | 1,819 | 1,548 | 1,370 | 1,335 | |
| Less: allowance for credit losses | −20 | −24 | −18 | −16 | −17 | |
| Loan receivable, net | 1,796 | 1,795 | 1,530 | 1,354 | 1,319 | |
| Bank-owned life insurance | 71 | 72 | 59 | 53 | 51 | |
| Premises and equipment, net | 17 | 18 | 14 | 12 | 13 | |
| Accrued interest receivable | 8 | 8 | 6 | 5 | 4 | |
| Restricted investment in bank stock | 2 | 2 | 1 | 2 | 1 | |
| Deferred taxes, net | 17 | 20 | 12 | 8 | 5 | |
| Goodwill | 14 | 14 | 9 | 9 | 9 | |
| Core deposit intangible | 3 | 4 | 1 | 2 | 2 | |
| Other real estate owned | 0 | 295,000 | 0 | 0 | 226,000 | |
| Operating lease right-of-use asset | 20 | 22 | 23 | 16 | 18 | |
| Other assets | 19 | 20 | 19 | 6 | 6 | |
| TOTAL ASSETS | 2,285 | 2,340 | 1,916 | 1,602 | 1,688 | |
| Non-interest-bearing | 286 | 301 | 249 | 265 | 286 | |
| Interest-bearing | 1,690 | 1,732 | 1,386 | 1,083 | 1,160 | |
| Total deposits | 1,976 | 2,033 | 1,636 | 1,348 | 1,446 | |
| Accrued interest payable | 9 | 15 | 9 | 1 | 1 | |
| Operating lease liability | 21 | 23 | 24 | 17 | 19 | |
| Other liabilities | 9 | 7 | 7 | 7 | 5 | |
| TOTAL LIABILITIES | 2,014 | 2,078 | 1,676 | 1,382 | 1,471 | |
| Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at December 31, 2024 and none authorized at December 31, 2023 | 0 | 0 | 0 | — | — | |
| Common stock, no par value; 15,000,000 shares authorized,7,042,206 shares issued and 6,765,530 outstanding at December 31, 2025; 6,910,693 shares issued and 6,883,193 outstanding at December 31, 2024 | — | — | — | 35 | 34 | |
| Paid-in capital | 123 | 120 | 98 | 81 | 80 | |
| Treasury stock, at cost of 276,676 shares at December 31, 2025 and 27,500 shares at December 31, 2024 | −9 | −842,000 | 0 | −19 | −10 | |
| Retained earnings | 162 | 152 | 149 | 131 | 111 | |
| Accumulated other comprehensive loss | −5 | −9 | −7 | −8 | 839,000 | |
| TOTAL STOCKHOLDERS' EQUITY | 271 | 262 | 240 | 220 | 217 | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 2,285 | 2,340 | 1,916 | 1,602 | 1,688 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 2 | 2 | 1 | 1 | 1 | |
| Stock-based compensation expense | 1 | 1 | 807,000 | 44,000 | 143,000 | |
| Amortization of premiums and accretion of discounts on securities, net | 191,000 | 303,000 | 26,000 | 49,000 | 142,000 | |
| Accretion of net deferred loan fees and costs, including premiums and discounts | −5 | −4 | −3 | −5 | −9 | |
| Increase in cash surrender value of bank-owned life insurance | −1 | −2 | −1 | −1 | −1 | |
| Deferred income tax | 2 | −807,000 | 200,000 | 527,000 | 276,000 | |
| Amortization of core deposit intangible | 856,000 | 602,000 | 502,000 | 568,000 | — | |
| Decrease in accrued interest receivable and other assets | 4 | 4 | 2 | 943,000 | −3 | |
| (Decrease) in accrued interest payable and other liabilities | −7 | −2 | 3 | −513,000 | −3 | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 21 | 15 | 23 | 24 | 13 | |
| Purchases of available-for-sale securities | −12 | −179 | −8 | −5 | −42 | |
| Maturities, calls and principal repayments of securities available-for-sale | 81 | 35 | 7 | 7 | 10 | |
| Maturities, calls and principal repayments of securities held-to-maturity | 8,000 | 32,000 | 8,000 | 8,000 | 7,000 | |
| Net decrease in loans | −2 | −11 | 11 | −30 | 34 | |
| Cash received from acquisition | 0 | 8 | 23 | 0 | — | |
| Purchases of premises and equipment | −889,000 | −2 | −2 | −607,000 | −1 | |
| Purchases (redemption) of bank-owned life insurance | 3 | −3 | — | — | — | |
| Purchases of equity method investments | −870,000 | −2 | −6 | 0 | — | |
| Purchases of restricted bank stock | −291,000 | −319,000 | 332,000 | −397,000 | 21,000 | |
| NET CASH PROVIDED BY (USED IN) INVESTMENT ACTIVITIES | 68 | −154 | −6 | −26 | 4 | |
| Net (decrease) increase in deposits | −56 | 114 | 96 | −98 | 79 | |
| Cash dividends | −9 | −8 | −7 | −6 | −4 | |
| Share redemption for tax withholding on restricted stock vesting | −228,000 | −249,000 | 0 | — | — | |
| Purchase of treasury stock | −8 | −842,000 | 0 | −9 | −10 | |
| Proceeds from exercise of stock options | 2 | 685,000 | 989,000 | 1 | 297,000 | |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | −71 | 106 | 80 | −103 | 65 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 18 | −33 | 97 | −105 | 81 | |
| Interest paid | 62 | 50 | 25 | 6 | 8 | |
| Income taxes paid | 2 | 2 | 6 | 7 | 9 | |
| Property transferred to other real estate owned | 0 | 295,000 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Princeton Bancorp, Inc.'s CIK number?
Princeton Bancorp, Inc.'s SEC CIK number is 0001913971 (1913971). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Princeton Bancorp, Inc.'s SEC filings?
All of Princeton Bancorp, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Princeton Bancorp, Inc. last report earnings?
Princeton Bancorp, Inc. (BPRN) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-173619). This is Princeton Bancorp, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Princeton Bancorp, Inc.'s most recent earnings 8-K?
Princeton Bancorp, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001193125-26-173619. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Princeton Bancorp, Inc.'s latest earnings 8-K →
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