Welcome to our dedicated page for Princeton Bancorp news (Ticker: BPRN), a resource for investors and traders seeking the latest updates and insights on Princeton Bancorp stock.
Princeton Bancorp, Inc. (BPRN) delivers community-focused banking services through subsidiaries like The Bank of Princeton, serving New Jersey and surrounding markets. This news hub provides investors and stakeholders with essential updates about the company's financial operations and market position.
Access timely press releases covering quarterly earnings, strategic acquisitions, product launches, and regulatory developments. Our curated collection helps users track key performance indicators including loan portfolio growth, deposit services expansion, and technology initiatives that drive this regional banking institution.
Discover updates across multiple categories:
• Financial Results: Quarterly/annual earnings reports
• Strategic Moves: Branch expansions and partnership announcements
• Operational Updates: Technology implementations and service enhancements
• Regulatory Filings: SEC submissions and compliance milestones
Bookmark this page for continuous access to verified information about BPRN's community banking activities, leadership changes, and market-specific developments. All content is maintained to meet investor needs for accurate, up-to-date financial reporting.
Princeton Bancorp, Inc. (NASDAQ: BPRN), the holding company for The Bank of Princeton, has declared a quarterly cash dividend of $0.30 per share of common stock. The dividend will be paid on November 28, 2024, to shareholders of record as of November 5, 2024. Edward Dietzler, President and CEO, stated that this dividend reflects the Board's commitment to providing shareholder returns.
The company notes that future dividends are subject to quarterly determination and declaration by the Board, considering factors such as financial condition and legal restrictions. Princeton Bancorp operates 28 branches in New Jersey, five in the Philadelphia area, and two in the New York City metropolitan area.
Princeton Bancorp (NASDAQ: BPRN) reported strong Q2 2024 results with an 18% increase in net income over Q1 2024. Key highlights include:
- Net income of $5.1 million ($0.80 per diluted share)
- Net interest margin increased to 3.44%
- Average loans up by $34.7 million
- Average deposits up by $50.7 million
- Non-performing assets at 0.2% of total loans
The company also announced regulatory and shareholder approvals for its acquisition of Cornerstone Financial , expected to close on August 23, 2024. This acquisition will strengthen Princeton Bancorp's presence in central and southern New Jersey.
Princeton Bancorp (NASDAQ: BPRN) has declared a quarterly cash dividend of $0.30 per share, payable on August 30, 2024, to shareholders of record as of August 9, 2024. This decision reflects the Board's commitment to providing shareholder returns, as stated by President and CEO Edward Dietzler. However, future dividends are subject to quarterly review and may be reduced or eliminated based on various factors, including the company's financial condition and legal restrictions.
Princeton Bancorp is the holding company for The Bank of Princeton, a community bank founded in 2007. The bank operates 22 branches in New Jersey, 5 in Philadelphia, and 2 in New York, serving a wide range of communities. It is a member of the Federal Deposit Insurance (FDIC).
FAQ
What is the current stock price of Princeton Bancorp (BPRN)?
What is the market cap of Princeton Bancorp (BPRN)?
