Logo

BPRN

Princeton Bancorp, Inc.

BPRN

Princeton Bancorp, Inc. • NASDAQ
$34.39 ▼ -0.35% (-0.12)
Market Cap $232.57 M
52w High $38.78
52w Low $27.25
Dividend Yield 1.25%
P/E 13.23
Volume 3.07K
Outstanding Shares 6.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $34.653M ▼ $13.917M ▲ $6.466M ▲ 18.659% ▲ $0.95 ▲ $8.938M ▲
Q2-2025 $35.007M ▼ $13.509M ▼ $688K ▼ 1.965% ▼ $0.1 ▼ $1.264M ▼
Q1-2025 $35.458M ▼ $13.792M ▲ $5.378M ▲ 15.167% ▲ $0.78 ▲ $7.56M ▲
Q4-2024 $35.687M ▲ $12.773M ▼ $5.227M ▲ 14.647% ▲ $0.76 ▲ $7.487M ▲
Q3-2024 $33.866M $20.144M $-4.456M -13.158% $-0.68 $-5.011M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $193.79M ▼ $2.229B ▼ $1.962B ▼ $266.607M ▲
Q2-2025 $245.857M ▲ $2.242B ▼ $1.98B ▼ $261.946M ▼
Q1-2025 $209.84M ▼ $2.318B ▼ $2.051B ▼ $266.987M ▲
Q4-2024 $227.591M ▼ $2.34B ▼ $2.078B ▼ $262.04M ▲
Q3-2024 $230.003M $2.355B $2.093B $261.502M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.466M ▲ $4.891M ▲ $64.234M ▲ $-17.327M ▲ $51.798M ▲ $4.657M ▲
Q2-2025 $688K ▼ $3.142M ▲ $25.206M ▲ $-74.928M ▼ $-46.58M ▲ $2.891M ▲
Q1-2025 $5.378M ▲ $1.251M ▼ $-26.923M ▲ $-24.002M ▼ $-49.674M ▲ $1.051M ▼
Q4-2024 $5.227M ▲ $4.414M ▲ $-52.848M ▼ $-15.276M ▼ $-63.71M ▼ $3.751M ▲
Q3-2024 $-4.456M $1.182M $-33.723M $62.294M $29.753M $766K

Five-Year Company Overview

Income Statement

Income Statement Over the past five years, Princeton Bancorp has steadily grown its revenues, reflecting an expanding lending and customer base. Profitability was strong in 2022 and 2023, but the most recent year shows a noticeable step down in earnings and earnings per share. That suggests rising costs, tighter interest margins, or integration expenses are now weighing on results, even as the bank continues to grow. In short, it looks like a healthy growth story that has hit a more challenging profitability phase, typical for community banks in a tougher rate and funding environment.

Balance Sheet

Balance Sheet The balance sheet shows a bank that has grown meaningfully in size while steadily building its capital base. Total assets have risen year after year, consistent with loan growth and acquisitions. Shareholders’ equity has also increased, which points to retained profits and a reasonably solid capital position for a community bank. Direct debt remains low relative to the overall balance sheet, which is what you would expect from a deposit‑funded bank. The main question going forward is not size, but the quality of the assets added and how well risks are being managed as the bank scales.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has been consistently positive, though not explosive, and closely tracks reported earnings. The business requires very little spending on physical assets, so free cash flow is broadly similar to operating cash flow. This pattern fits a traditional banking model: cash‑generative, not capital‑intensive, and able to support dividends and moderate growth from internally generated funds. The stability is a plus, but the relatively modest absolute cash flow means large expansions or big strategic moves still depend on balance sheet strength and access to funding markets.

Competitive Edge

Competitive Edge Princeton Bancorp operates as a classic community bank, with its edge coming from local relationships rather than size or cutting‑edge technology. It focuses on small and mid‑sized businesses and consumers in its region, emphasizing personal service, local decision‑making, and visible community involvement. Acquisitions have helped it extend its reach along the I‑95 corridor, adding scale and a broader customer base. At the same time, it faces stiff competition from much larger regional and national banks with deeper resources, as well as online and fintech players that compete on price and digital convenience. Its success will largely depend on maintaining credit quality and deposit relationships while defending margins in a very competitive, rate‑sensitive environment.

Innovation and R&D

Innovation and R&D The bank is not a technology pioneer, but it has built out a solid, modern digital offering that covers what most customers expect: mobile and online banking, remote check deposits, online bill pay, and useful tools for small business cash management. Rather than inventing new technology, Princeton Bancorp is using standard digital platforms to reinforce its relationship‑driven model, trying to offer the convenience of big banks with the personal touch of a community institution. Looking ahead, the key innovation themes are likely to be incremental: better digital tools for business clients, smoother integration of acquired banks, stronger security, and possibly partnerships with fintech providers. The risk is falling behind if it under‑invests in technology, but the opportunity lies in selectively upgrading digital services that directly support its core customer relationships.

Summary

Overall, Princeton Bancorp looks like a growing community bank that has successfully expanded its footprint and balance sheet while keeping capital levels moving in the right direction. Its business model is built around local relationships, community focus, and targeted products for smaller businesses and their employees, supported by competent—if not cutting‑edge—digital banking tools. The main recent pressure point is profitability: earnings have softened in the latest year despite higher revenues, which likely reflects a tougher interest rate environment, higher funding and operating costs, and the normal challenges that come with acquisitions. Going forward, observers may want to focus on how well the bank protects its loan quality, stabilizes its margins, integrates past acquisitions, and continues to upgrade digital services without losing the high‑touch service that underpins its competitive position.

NEWS

October 29, 2025 · 4:00 PM UTC

Princeton Bancorp Announces Third Quarter 2025 Results

Read more