Princeton Bancorp, Inc. Announces Declaration of a $0.30 Quarterly Cash Dividend

Rhea-AI Summary

Princeton Bancorp (NASDAQ: BPRN) has declared a quarterly cash dividend of $0.30 per share of common stock. The dividend will be paid on August 29, 2025, to shareholders of record as of August 6, 2025.

The Bank of Princeton, founded in 2007, operates 35 branches across New Jersey, Pennsylvania, and the New York City metropolitan area. The quarterly dividend declaration reflects the Board's commitment to providing shareholder returns, though future dividends may be reduced or eliminated based on various factors including the company's financial condition and regulatory restrictions.

Positive

• None.

Negative

• Future dividends may be reduced or eliminated based on financial conditions
• Exposure to economic risks including inflation and recession concerns
• Potential challenges from integration of Cornerstone Bank acquisition

PRINCETON, N.J., July 23, 2025 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ: BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on July 23, 2025, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 29, 2025, to shareholders of record at the close of business on August 6, 2025. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO. 

The paying of cash dividends on a quarterly basis is subject to a determination and declaration each quarter by its Board of Directors, which will take into account a number of factors, including the financial condition of the Company, and any applicable legal and regulatory restrictions on the payment of dividends by the Company and the Bank. If paid, such dividends may be reduced or eliminated in future periods.

About Princeton Bancorp, Inc. and The Bank of Princeton

Princeton Bancorp, Inc. is the holding company for The Bank of Princeton, a community bank founded in 2007. The Bank is a New Jersey state-chartered commercial bank with 28 branches in New Jersey, including three in Princeton and others in Bordentown, Browns Mills, Burlington, Chesterfield, Cherry Hill, Cream Ridge, Deptford, Fort Lee, Hamilton, Kingston, Lakewood, Lambertville, Lawrenceville, Medford, Monroe, Moorestown, New Brunswick, Palisades Park, Pennington, Piscataway, Princeton Junction, Quakerbridge, Sicklerville, Voorhees, and Woodbury. There are also five branches in the Philadelphia, Pennsylvania area and two in the New York City metropolitan area. The Bank of Princeton is a member of the Federal Deposit Insurance Corporation. 

Forward-Looking Statements

The Company may from time to time make written or oral "forward-looking statements," including statements contained in the Company's filings with the Securities and Exchange Commission, in its reports to stockholders and in other communications by the Company (including this press release), which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended.

These forward-looking statements involve risks and uncertainties, such as statements of the Company's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Company's control). The most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the ongoing impact of higher tariffs imposed by the Trump administration, higher inflation levels, and general economic and recessionary concerns, all of which could impact economic growth and could cause an increase in loan delinquencies, a reduction in financial transactions and business activities including decreased deposits and reduced loan originations, difficulties in managing liquidity in a rapidly changing and unpredictable market, and supply chain disruptions. Other factors that could cause actual results to differ materially from those indicated by forward-looking statements include, but are not limited to, the following factors: the integration of the businesses of the Company and Cornerstone Bank acquired in 2024; the global impact of the military conflicts in the Ukraine and the Middle East; the impact of any future pandemics or other natural disasters; civil unrest, rioting, acts or threats of terrorism, or actions taken by the local, state and Federal governments in response to such events, which could impact business and economic conditions in our market area; the strength of the United States economy in general and the strength of the local economies in which the Company and Bank conduct operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; market and monetary fluctuations; market volatility; the value of the Bank's products and services as perceived by actual and prospective customers, including the features, pricing and quality compared to competitors' products and services; the willingness of customers to substitute competitors' products and services for the Bank's products and services; credit risk associated with the Bank's lending activities; risks relating to the real estate market and the Bank's real estate collateral; the impact of changes in applicable laws and regulations and requirements arising out of our supervision by banking regulators; other regulatory requirements applicable to the Company and the Bank; and the timing and nature of the regulatory response to any applications filed by the Company and the Bank; technological changes; other acquisitions; changes in consumer spending and saving habits; those risks under the heading "Risk Factors" set forth in the Bank's Annual Report on Form 10-K for the year ended December 31, 2024, and the success of the Company at managing the risks involved in the foregoing.

The Company cautions that the foregoing list of important factors is not exclusive. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company, except as required by applicable law or regulation.

Contact George Rapp
609.454.0718
grapp@thebankofprinceton.com

 

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SOURCE The Bank of Princeton

FAQ

What is Princeton Bancorp's (BPRN) latest quarterly dividend amount?

Princeton Bancorp declared a quarterly cash dividend of $0.30 per share to be paid on August 29, 2025.

When is the record date for Princeton Bancorp's (BPRN) Q3 2025 dividend?

The record date for Princeton Bancorp's dividend is August 6, 2025, with payment scheduled for August 29, 2025.

How many branches does The Bank of Princeton currently operate?

The Bank of Princeton operates 35 total branches, including 28 branches in New Jersey, five in the Philadelphia area, and two in the New York City metropolitan area.

What recent acquisition did Princeton Bancorp (BPRN) complete?

Princeton Bancorp completed the acquisition of Cornerstone Bank in 2024, which is currently being integrated into their operations.

What factors could affect Princeton Bancorp's future dividend payments?

Future dividends depend on factors including the company's financial condition, applicable legal and regulatory restrictions, and the Board's quarterly determination and declaration.