Princeton Bancorp Q2 net income drops

Princeton Bancorp

24/07/2025 21:11

Overview

Princeton Bancorp Q2 net income falls to $688k from  last year

Company repurchased 173k shares at $31.14 each as part of buyback program

Total assets decreased 4.21% to $2.24 bln as of June 30, 2025

Outlook

Princeton Bancorp expects stronger earnings in the second half of 2025

Result Drivers

CREDIT LOSS IMPACT - Large provision for credit losses significantly reduced net income, per CEO Edward Dietzler

NET INTEREST INCOME - Increase in net interest income partially offset decline, driven by lower interest expenses

ASSET QUALITY - Non-performing assets decreased by $10.6 mln, indicating improved asset quality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.1
Q2 Net Income
$688,000
Q2 Net Interest Income
$18.80 mln
Q2 Net Interest Margin (%)
3.5%
Q2 Provision for Credit Losses
$7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" 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 $33.25, about 2.2% above its July 23 closing price of $32.52

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn80JPqRa

(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.)