Princeton Bancorp Reports Fourth-Quarter Earnings
Princeton Bancorp, Inc. (BPRN) announced a net income of $5.2 million in its fiscal fourth quarter ended Tuesday. Based in Princeton, New Jersey, the bank reported earnings per share of 75 cents and revenue of $35.7 million. Revenue net of interest expense reached $20 million, slightly below analyst expectations.
For the full year, the company reported a profit of $10.2 million, or $1.55 per share, on revenue of $74.7 million. Princeton Bancorp shares have experienced a 3% decline year-to-date. During Tuesday's closing, the stock traded at $33.36, marking a 1% gain over the past 12 months.