Princeton Bancorp, Inc. 1Q 2026: Revenue $31.07M, EPS $0.91— 10-Q Summary

Princeton Bancorp, Inc. reported first-quarter 2026 results with revenue of $31.07M and net income of $6.23M, reflecting a modest revenue decline year-over-year but improved profitability and higher diluted EPS versus the prior-year quarter.

Financial Highlights

• Revenue was $31.07M for Q1 2026, compared with $33.30M in Q1 2025; YoY change (6.7%).
• Net income was $6.23M for Q1 2026, compared with $5.38M in Q1 2025; YoY change 15.8%.
• Diluted EPS was $0.91 for Q1 2026, compared with $0.77 in Q1 2025; YoY change 18.2%.

Business Highlights

• Net income momentum: Higher net income year-over-year was driven by increased non-interest income and a lower provision for credit losses, supporting operational profitability.
• Revenue mix shift: Net interest income was modestly up, while lower loan balances and reduced securities yields affected funding dynamics.
• Deposit and funding trends: Certificates of deposit and interest-bearing deposits declined, with growth in money market and non-interest demand accounts altering the deposit mix.
• Credit and portfolio management: Commercial real estate concentration remains large but loan-to-value ratios are largely below 70%; non-performing assets were stable, reflecting active credit oversight.
• Liquidity & capacity: The company maintains strong on-balance liquidity and committed FHLB/ACBB capacity to support lending and operational flexibility.

Original SEC Filing: Princeton Bancorp, Inc. [ BPRN ] - 10-Q - May. 08, 2026