Princeton Bancorp Q1 net income rises 16% on higher fees

Princeton Bancorp

23/04/2026 21:15

Overview

U.S. community bank's Q1 net income and EPS rose yr/yr and sequentially

Net interest income and margin improved from both prior quarter and prior year

Non-interest income grew over 15% sequentially, driven by equity investment gains and higher fees

Outlook

Company did not provide specific guidance or forecasts for the current qtr or full yr

Result Drivers

NON-INTEREST INCOME - Higher non-interest income, mainly from equity investment gains and increased fees, supported results

NET INTEREST MARGIN - Improved net interest margin and lower interest expense contributed to higher net interest income

CREDIT LOSS REVERSAL - Lower provision for credit losses boosted net income

Company press release: ID:nBw2FX8HVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.91
Q1 Net Income
$6.20 mln
Q1 Net Interest Income
$18.90 mln
Q1 Net Interest Margin (%)
3.63%
Q1 Provision for Credit Losses
-$156,000


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $37.50, about 7.1% above its April 22 closing price of $35.01

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)