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. (NASDAQ: BPRN) is the bank holding company for The Bank of Princeton, a New Jersey state‑chartered commercial bank and FDIC member. This news page aggregates company‑specific announcements and financial updates so readers can follow developments that affect BPRN and its community banking operations.
News items for Princeton Bancorp, Inc. frequently include quarterly and annual earnings releases, where the company reports net income, net interest income, net interest margin, provisions for credit losses, non‑interest income and expense, and changes in total assets, loans, deposits, and stockholders’ equity. These releases also discuss asset quality metrics such as non‑performing assets and the allowance for credit losses, as well as the impact of acquisitions on the balance sheet and income statement.
Investors can also expect dividend declarations and related Form 8‑K filings, in which the Board of Directors announces quarterly cash dividends per share, record dates, and payment dates. The company has described how its board evaluates dividends each quarter in light of financial condition and regulatory considerations, and it has reported both regular dividends and dividend increases.
Additional news may cover acquisition activity and integration, such as the completion of the Cornerstone Bank acquisition and references to the prior Noah Bank acquisition, as well as updates on branch network expansion and management appointments within The Bank of Princeton. These items provide context on the company’s growth strategy along its regional footprint.
Because press releases include forward‑looking statement disclaimers and references to risk factors in SEC filings, this news feed is a useful companion to formal reports for understanding how Princeton Bancorp, Inc. communicates its performance, risk considerations, and strategic direction. Readers interested in BPRN stock and The Bank of Princeton’s community banking activities can use this page to monitor ongoing corporate and financial developments.
The Bank of Princeton (NASDAQ – BPRN) declared a cash dividend of $0.25 per share, a 39% increase from the previous quarter, scheduled for February 28, 2022. This move reflects the Board's commitment to returning value to shareholders. Additionally, a new stock repurchase program will allow management to buy back up to 5% of outstanding shares, with a maximum expenditure of $10.3 million, pending regulatory approval. These initiatives signal a strong focus on enhancing shareholder value.
The Bank of Princeton (BPRN) reported a net income of $5.9 million, or $0.88 per diluted share, for Q3 2021, a rise from $5.5 million in Q2 2021 and $3.5 million in Q3 2020. This increase is attributed to a $376 thousand rise in net-interest income and a $300 thousand increase in non-interest income, despite higher provisions for loan losses. Total assets grew by 4.1% to $1.67 billion, while total deposits increased by 4.7%. The bank continued its stock buyback program, purchasing 73,259 shares. Asset quality remains stable with nonperforming loans at 0.16%. The full impact of COVID-19 on operations remains uncertain.
The Bank of Princeton (NASDAQ – BPRN) has declared a cash dividend of $0.18 per share, set for payment on November 26, 2021. This dividend reflects the commitment of the Board of Directors to return value to shareholders, as stated by President and CEO Edward Dietzler. Shareholders of record by the close of business on November 5, 2021 will receive this payment. The Bank pays dividends quarterly, subject to the Board's discretion based on financial conditions and regulatory considerations.
The Bank of Princeton (BPRN) announced a net income of $5.5 million for Q2 2021, reflecting a 12.24% increase from Q1 2021 and a 77.78% rise compared to Q2 2020. Key drivers included a $980,000 rise in net-interest income and reduced provisions for loan losses. Total assets grew by 2.0% to $1.64 billion, while total loans increased by $33.7 million. The Bank's Stock Buyback Program commenced, repurchasing 153,932 shares at an average price of $28.96. Non-performing assets rose by 121.5% to $3.7 million, emphasizing potential risks amid the ongoing pandemic.
The Bank of Princeton (BPRN) declared a cash dividend of $0.18 per share during its Board meeting on July 21, 2021. Shareholders of record as of August 6, 2021 will receive the dividend on August 27, 2021. This decision underscores the Board's commitment to providing a return to shareholders. Dividends are subject to quarterly determination based on the Bank's financial condition and regulatory constraints, implying potential future changes. The Bank operates 20 branches in New Jersey and 4 in the Philadelphia area, emphasizing its community banking focus.
The Bank of Princeton (NASDAQ: BPRN) reported a strong first-quarter 2021 with a net income of $4.9 million ($0.70 per diluted share), up from $4.1 million in Q4 2020. Key highlights include a $94.2 million increase in total loans and a 40.5% rise in net interest income year-over-year. Despite a 49.1% increase in non-performing assets, the bank's efficiency ratio improved to 51.8%. The financial results were bolstered by strong asset growth and effective cost management, positioning the bank favorably amidst ongoing COVID-19 challenges.
The Bank of Princeton (NASDAQ: BPRN) declared a cash dividend of $0.18 per share, reflecting a 50% increase from the previous quarterly dividend. The dividend will be paid on May 28, 2021, to shareholders of record on May 7, 2021. This decision highlights the Board's commitment to shareholder returns. The Bank pays dividends quarterly, subject to financial condition and regulatory constraints.
The Bank of Princeton (NASDAQ: BPRN) has announced a stock repurchase program set to begin on April 1, 2021, or upon receiving necessary approval. The program will allow the Bank to buy back up to 5% of its outstanding shares, totaling approximately 339,788 shares, with a maximum cost of $10.4 million. The initiative, approved by the FDIC, aims to enhance shareholder value by improving future earnings-per-share and maintaining capital levels. CEO Edward Dietzler emphasized that the plan signals confidence in the Bank's financial health and stock value.
The Bank of Princeton (NASDAQ: BPRN) reported strong unaudited financial results for Q4 2020, with net income of $4.1 million or $0.60 per diluted share, up from $3.5 million in Q3 2020 and $3.4 million in Q4 2019. Key drivers included a $789 thousand increase in net interest income and a $275 thousand reduction in loan loss provisions. Total assets reached $1.60 billion, up 10.2% YoY. Non-performing assets decreased by 31.4%, promoting enhanced asset quality. The bank achieved a 36.1% annual net income growth despite COVID-19 challenges and plans to maintain this momentum into 2021.
The Bank of Princeton (BPRN) announced a cash dividend of $0.12 per share during a board meeting on January 27, 2021. This dividend will be payable on March 1, 2021 to shareholders of record by February 12, 2021. President and CEO Edward Dietzler emphasized the Board's commitment to providing shareholder returns. The Bank pays dividends quarterly, subject to board approval considering its financial condition and regulatory constraints. Future dividends may be altered or suspended.