Princeton Bancorp's Q2 net interest income rises as interest expenses decreased

Princeton Bancorp

23/07/2026 21:14

    

    Overview
  
U.S. community bank's Q2 net income and EPS rose sharply year-over-year and sequentially
Net interest income grew 6% from Q1, aided by lower interest expense and higher interest income
Company recorded a reversal of credit losses, supporting improved profitability

    

    Outlook
  
Company did not provide specific guidance or outlook for future quarters or full year

    

    Result Drivers
  
NET INTEREST INCOME - Growth in net interest income was driven by a decrease in interest expense and an increase in interest income, aided by lower cost of funds and reduced interest-bearing deposits
CREDIT LOSS REVERSAL - A reversal of credit losses contributed to higher net income compared to both prior quarter and prior year

    
Company press release: ID:nBw9pv5lxa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$1.04
 
Q2 Net Income
 
$7.10 mln
 
Q2 Net Interest Income
 
$20 mln
 
Q2 Net Interest Margin (%)
 
3.86%
 
Q2 Provision for Credit Losses
 
-$353,000
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Princeton Bancorp Inc is $39.25, about 4.1% above its July 22 closing price of $37.69
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)