Princeton Bancorp, Inc. Q2 2026: Revenue $31.66M, Net income $7.08M, EPS $1.04— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Princeton Bancorp reported Q2 2026 results with revenue of $31.66M and net income of $7.08M, a significant recovery from the prior year's $0.69M. Diluted EPS rose to $1.04 from $0.10. The rebound was driven by lower credit provisions and higher net interest income. While overall loans declined slightly due to reduced CRE lending, home equity and mortgages grew. Deposits shifted toward non-interest checking accounts, enhancing liquidity. Non-performing assets remained stable at 0.92% of loans.
Princeton Bancorp, Inc. reported second-quarter 2026 results driven by a rebound in profitability: revenue (interest & dividend income) totaled $31.656M, net income was $7.081M and diluted EPS came in at $1.04, versus $32.756M, $0.688M and $0.1, respectively, in the year‑ago quarter.
Financial Highlights
- Revenue was $31.656M, down from $32.756M in Q2 2025 (3.4%).
- Net income was $7.081M, up from $0.688M in Q2 2025 (up $6.393M YoY).
- Diluted EPS was $1.04, versus $0.10 in Q2 2025 (up $0.94 YoY).
Business Highlights
- Net income recovery: Strong operational profit rebound with Q2 net income of $7.1M and H1 $13.3M, supported by lower credit provisions and higher net interest income.
- Loan portfolio shift: Overall loans declined modestly as reductions in CRE and construction lending were offset by growth in home equity and residential mortgages.
- Deposit and funding mix: Customers moved from CDs into money market and non‑interest checking accounts, bolstering on‑balance liquidity and funding flexibility.
- Credit quality and risk management: Non‑performing assets remained stable at about 0.92% of loans with consistent allowance coverage and active ALCO oversight of interest rate risk.
- Liquidity and market positioning: The company increased investment securities and maintained available borrowing lines (FHLB, discount window, ACBB) to preserve liquidity amid rate uncertainty.
Original SEC Filing: Princeton Bancorp, Inc. [ BPRN ] - 10-Q - Aug. 07, 2026