Princeton Bancorp Q2 net income swings to USD 7.1 million from profit of USD 688,000 year earlier

Reuters2026/08/07 18:07

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Princeton Bancorp posted Q2 net income of $7.1 million, or $1.04 a share, swinging from $688,000, or $0.10 a share, a year earlier.
Net interest income rose $1.2 million year over year, while interest expense fell $2.3 million to $11.6 million.
Provision for credit losses swung to a $353,000 reversal from a year-earlier provision, lifting the quarter’s bottom line.
Total assets slipped 1.49% to $2.25 billion at June 30, while loans fell 2.47% to $1.77 billion and deposits declined 2.05%.
Non-performing assets held near $16.3 million, while uninsured deposits totaled about $666 million; there were no outstanding borrowings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Princeton Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-339937), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Princeton Bancorp Q2 net income swings to USD 7.1 million from profit of USD 688,000 year earlier

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