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 (BPRN) reported a net income of $3.5 million for Q3 2020, up from $3.1 million in Q2 2020, attributed to a $772,000 rise in net-interest income and a $405,000 growth in non-interest income. Year-over-year, net income slightly decreased from $3.7 million in Q3 2019. Total assets reached $1.55 billion, increasing 6.5% since December 2019. The bank opened three new branches, and non-performing assets decreased to 0.15%. However, provisions for loan losses rose by $925,000 amid economic uncertainty from COVID-19.
The Bank of Princeton (BPRN) has declared a cash dividend of $0.10 per share, reflecting its commitment to return value to shareholders. This dividend will be paid on December 1, 2020, to shareholders recorded by November 13, 2020. The Board of Directors will continue to assess the Bank's financial condition when determining future dividends, which are subject to change based on regulatory constraints and the Bank's performance.
The Bank of Princeton (NASDAQ – BPRN) declared a cash dividend of $0.10 per share at its Board of Directors meeting on July 22, 2020. This dividend will be paid on September 2, 2020 to shareholders of record by the close of business on August 14, 2020. The Bank aims to provide returns to shareholders, although future dividends are subject to the Board's discretion based on financial conditions and regulatory restrictions. The Bank operates 19 branches in New Jersey and three in Pennsylvania, and is a member of the FDIC.