--- title: "Princeton Bancorp | 8-K: FY2026 Q2 Revenue: USD 34.09 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293659858.md" datetime: "2026-07-23T20:02:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293659858.md) - [en](https://longbridge.com/en/news/293659858.md) - [zh-HK](https://longbridge.com/zh-HK/news/293659858.md) --- # Princeton Bancorp | 8-K: FY2026 Q2 Revenue: USD 34.09 M Revenue: As of FY2026 Q2, the actual value is USD 34.09 M. EPS: As of FY2026 Q2, the actual value is USD 1.04, beating the estimate of USD 0.8833. EBIT: As of FY2026 Q2, the actual value is USD 9.183 M. ### Second Quarter 2026 Financial Highlights #### Net Income Princeton Bancorp, Inc. reported net income of $7.1 million for the second quarter of 2026, an increase compared to $6.2 million for the first quarter of 2026 and $688 thousand for the second quarter of 2025. #### Net Interest Income and Margin Net interest income for the second quarter of 2026 was $20.0 million, an increase of $1.2 million compared to the first quarter of 2026 and an increase of $1.2 million compared to $18.8 million in the second quarter of 2025. The net interest margin for the second quarter of 2026 was 3.86%, representing an increase of 23 basis points from the first quarter of 2026 and an increase of 32 basis points from the second quarter of 2025. The increase in net interest income compared to the first quarter of 2026 was primarily driven by a $597 thousand (4.9%) decrease in interest expense and a $585 thousand (1.9%) increase in interest income. Compared to the second quarter of 2025, the increase in net interest income was mainly due to a $2.3 million decrease in interest expense, partially offset by a $1.1 million decrease in interest income. The decrease in interest expense and increase in net interest margin compared to the second quarter of 2025 were primarily associated with a $68.8 million decrease in total interest-bearing deposits and a 40 basis point decrease in the Company’s cost of funds. #### Provision for Credit Losses Princeton Bancorp, Inc. recorded a reversal of credit losses of $353 thousand during the second quarter of 2026, which included a $314 thousand decrease to the allowance for credit losses on loans and a $39 thousand decrease to the provision for credit losses related to unfunded commitments. This reversal was $197 thousand greater than the reversal of credit losses for the first quarter of 2026 and $7.3 million lower than the provision for credit losses for the second quarter of 2025. The coverage ratio of the allowance for credit losses to period-end loans was 1.13% at June 30, 2026, compared to 1.12% at December 31, 2025. #### Non-Interest Income Total non-interest income for the second quarter of 2026 was $2.4 million, a decrease of $15 thousand (0.6%) compared to the first quarter of 2026, but an increase of $185 thousand (8.2%) compared to the second quarter of 2025. The quarterly decrease was due to a $421 thousand decrease in other non-interest income, partially offset by a $380 thousand increase in loan fees. The year-over-year increase was primarily due to a $205 thousand increase in loan fees and a $46 thousand increase in fees and service charges, partially offset by an $88 thousand decrease in other non-interest income. #### Non-Interest Expense Total non-interest expense for the second quarter of 2026 was $13.6 million, an increase of $231 thousand (1.7%) compared to the first quarter of 2026. This increase was mainly due to increases in professional fees ($214 thousand), salaries and employee benefits ($128 thousand), and other non-interest expense ($119 thousand), partially offset by decreases in occupancy and equipment (-$140 thousand) and data processing and communications expenses (-$46 thousand). Compared to the second quarter of 2025, total non-interest expense increased by $137 thousand (1.0%), primarily due to increases in professional fees ($253 thousand), occupancy and equipment expense ($105 thousand), and salaries and employee benefits expense ($60 thousand), partially offset by decreases in federal deposit insurance expense (-$115 thousand), office expense (-$102 thousand), and other non-interest expense (-$53 thousand). #### Income Tax Expense For the second quarter of 2026, income tax expense was $2.1 million, with an effective tax rate of 22.9%, compared to $1.8 million and 22.6% for the first quarter of 2026, and a tax benefit of - $92 thousand and -15.4% for the second quarter of 2025. ### Six-Month Period Ended June 30, 2026 #### Net Income For the six months ended June 30, 2026, Princeton Bancorp, Inc. reported net income of $13.3 million, compared to $6.1 million for the same period in 2025. This increase was primarily due to a $7.7 million decrease in the provision for credit losses, a $1.3 million increase in net interest income, a $446 thousand increase in non-interest income, and a $240 thousand decrease in non-interest expense, partially offset by a $2.5 million increase in income tax expense. #### Balance Sheet Metrics (as of June 30, 2026) - **Total Assets**: $2.25 billion, a decrease of $34.1 million (1.49%) from $2.28 billion at December 31, 2025. This decrease was mainly due to decreases in cash and cash equivalents of -$69.5 million and net loans of -$44.6 million, partially offset by a $78.9 million increase in investment securities. - **Net Loans**: The decrease in net loans included -$69.7 million in commercial real estate loans and -$15.3 million in construction loans, offset by increases of $25.4 million in home equity and consumer loans and $15.1 million in residential mortgages. - **Total Deposits**: Decreased by $40.5 million (2.05%) from December 31, 2025. This was primarily due to decreases of -$97.0 million in certificates of deposit, -$20.9 million in interest-bearing checking deposits, and -$3.0 million in savings deposits, partially offset by increases of $57.1 million in money market deposits and $23.2 million in non-interest checking deposits. A $11 million reduction in brokered deposits was part of a strategically planned decrease in certificates of deposit. - **Total Stockholders’ Equity**: Increased by $9.2 million (3.40%) from December 31, 2025, mainly due to an $8.7 million increase in retained earnings and a $939 thousand increase in paid-in capital from stock option exercises. The ratio of equity to total assets was 12.4% at June 30, 2026, up from 11.9% at December 31, 2025. - **Non-performing Assets**: Totaled $16.3 million, a decrease of $195 thousand compared to December 31, 2025. #### Capital Ratios (as of June 30, 2026) - **Total Capital (to risk-weighted assets)**: 14.67%. - **Tier 1 Capital (to risk-weighted assets)**: 13.60%. - **Tier 1 Capital (to average assets)**: 11.69%. - **Equity to Assets**: 12.44%. - **Tangible Equity to Tangible Assets**: 11.78%. ### Outlook / Guidance Princeton Bancorp, Inc. indicates that forward-looking statements involve risks and uncertainties, including potential impacts from global foreign military conflicts, future Federal budget stalemates, higher tariffs, inflation levels, and general economic concerns. These factors could affect loan delinquencies, financial transactions, and liquidity management, alongside risks from pandemics, natural disasters, civil unrest, and regulatory changes. 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