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Princeton Bancorp Inc - BPRN STOCK NEWS

Welcome to our dedicated news page for Princeton Bancorp (Ticker: BPRN), a resource for investors and traders seeking the latest updates and insights on Princeton Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Princeton Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Princeton Bancorp's position in the market.

Rhea-AI Summary
Princeton Bancorp, Inc. declared a $0.30 quarterly cash dividend for its shareholders, reflecting the company's commitment to providing returns. The dividend will be paid on May 31, 2024, to shareholders of record on May 10, 2024.
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Rhea-AI Summary
Princeton Bancorp, Inc. reported strong financial performance, with total assets growing to $1.92 billion in 2023, net loans increasing by $178 million, and total deposits increasing by $288 million. Despite a decrease in net income for the fourth quarter of 2023 compared to the same period in 2022, the company's President/CEO remains optimistic about the Bank's performance, highlighting the addition of Cornerstone Bank as an in-market acquisition.
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End-of-Day
-1.49%
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Rhea-AI Summary
Princeton Bancorp, Inc. declared a cash dividend of $0.30 per share of common stock, reflecting the Board of Director's commitment to providing a return to shareholders. The dividend will be paid on March 1, 2024, to shareholders of record on February 9, 2024. The decision to pay dividends each quarter is subject to various factors, including the financial condition of the Company and legal and regulatory restrictions.
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End-of-Day
-0.75%
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Princeton Bancorp, Inc. will acquire Cornerstone Financial Corporation in a $17.9 million transaction, merging each share of Cornerstone common stock for 0.24 shares of Princeton Bancorp. The deal is expected to close in the second or third quarter of 2024 and will make Princeton Bancorp have approximately $2.3 billion in total assets.
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Princeton Bancorp reports net income of $7.6 million for Q3 2023, an increase from Q2 2023. The bank's total assets increased by 19.4% compared to the end of 2022. Deposits increased by 21.5% compared to December 2022. The Bank of Princeton continues to focus on strong growth and has a sizable loan pipeline.
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End-of-Day
-1.71%
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Rhea-AI Summary
Princeton Bancorp, Inc. has declared a cash dividend of $0.30 per share of common stock. The dividend will be paid on November 30, 2023, to shareholders of record on November 13, 2023.
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1.92%
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3.64%
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Rhea-AI Summary
Princeton Bancorp, Inc. (BPRN) reported Q2 2023 net income of $6.8M, a 11.5% increase from Q1 2023. Total assets increased by 15.1% to $1.84B, driven by the acquisition of Noah Bank. Deposits grew by $88.7M, or 6.9%, excluding Noah Bank's deposits. Non-interest income increased by 741.7% to $11.6M, mainly due to a bargain purchase gain from the Noah acquisition.
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0.54%
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Rhea-AI Summary
Princeton Bancorp, Inc. declares a cash dividend of $0.30 per share of common stock. Dividend payment reflects the Board of Director's commitment to providing a return to shareholders. Dividends may be reduced or eliminated in the future.
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-4.6%
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dividends
Rhea-AI Summary
Princeton Bancorp, Inc. completes merger with Noah Bank, creating a stronger banking network in the Philadelphia to New York City corridor. The Company is projected to have assets of approximately $1.8 billion.
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Princeton Bancorp Inc

Nasdaq:BPRN

BPRN Rankings

BPRN Stock Data

188.34M
4.70M
26.95%
43.83%
1.41%
Commercial Banking
Finance and Insurance
Link
United States
Princeton

About BPRN

the bank of princeton provides various banking products and services. the company accepts checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. its loan products include commercial real estate and multi-family, commercial and industrial, construction, residential first-lien mortgage, home equity, and consumer loans, as well as lines of credit. the company also provides debit and credit cards; and money orders, direct deposit, automated teller machines, cashier's checks, safe deposit boxes, wire transfers, night depository, remote deposit capture, savings bonds redemption, bank-by-mail, online and automated telephone banking, internet banking, payroll-related services, and merchant credit card processing services. it operates 21 branches in princeton, including parts of mercer, somerset, hunterdon, monmouth, middlesex, ocean, gloucester, camden, and burlington counties in new jersey, and additional areas in portions of philadelphia, montgomery