Princeton Bancorp Q2 net income drops
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
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