Princeton Bancorp, Inc. operates as a bank holding company. It is a full-service financial institution that provides business and personal banking. It offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans, and consumer loans, including home equity loans and lines of credit. The company was founded in 2017 and is headquartered in Princeton, NJ.
Princeton Bancorp Announces Second Quarter 2026 Results
Princeton Bancorp reported Q2 2026 net income of $7.1 million, or $1.04 per diluted share, a significant increase from $688,000, or $0.10 per share, in the prior year quarter.
The strong earnings performance was driven by a 32 basis point year-over-year expansion in net interest margin to 3.86% and a reversal of credit losses compared to a large provision in the prior year.
Total assets stood at $2.25 billion with a tangible book value per share of $38.62, while the adjusted efficiency ratio improved to 59.89%.