Princeton Bancorp Inc (OQ:BPRN)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 183 Bayard Lane, 111 North Sixth Street PRINCETON NJ 19603 |
| Tel: | N/A |
| Website: | https://thebankofprinceton.com |
| IR: | See website |
| Key People | ||
| Edward J. Dietzler President, Chief Executive Officer, Director | Stephen A. Distler Vice Chairman of the Board | George S. Rapp Chief Financial Officer, Executive Vice President |
| Daniel J. O' Donnell Chief Operating Officer, Executive Vice President, General Counsel | Jeffrey T. Hanuscin Senior Vice President, Chief Accounting Officer, Treasurer | Stephanie M. Adkins Executive Vice President and Chief Lending Officer |
| Matthew T. Clark Executive Vice President, Chief Information Officer | Christopher M. Tonkovich Executive Vice President and Chief Credit Officer | |
| Business Overview |
| Princeton Bancorp, Inc. is the bank holding company for The Bank of Princeton (the Bank). The Bank is a New Jersey state-chartered commercial bank with 22 branches. The Bank is a full-service bank providing personal and business lending and deposit services. The Bank offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans and consumer loans, including home equity loans and lines of credit. The Bank's loan portfolio consists of variable-rate and fixed-rate loans with a significant concentration on commercial real estate lending. The Bank's commercial real estate and multi-family loan portfolio consists primarily of loans secured by small office buildings, strip shopping centers, small apartment buildings and other properties used for commercial and multi-family purposes located in the Company's market area. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Princeton Bancorp Inc interest income increased 33% to $98.2M. Net interest income after loan loss provision decreased 9% to $61.9M. Net income decreased 3% to $25.8M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 11% to 3.99%, Net Interest Spread - Total - % decrease of 22% to 3.31%. |
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