Princeton Bancorp Reports Lower Q4 Profit

(RTTNews) - Princeton Bancorp, Inc. (BPRN), a US-based holding company, Tuesday reported lower net income in its fourth quarter primarily due to an increase in non-interest expenses and a rise in income tax, which was partially offset by gains of interest income.

The company reported a net income of $5.2 million or $0.75 per share in the fourth quarter of 2024, a decrease from $5.3 million or $0.82 per share during the same period last year.

Net interest income for the three-month period was $18 million an increase compared to $16 million last year.

The company's net interest margin lowered to 3.28 percent, a decrease from 3.55 percent during the same quarter last year.

Princeton reported a net revenue of $29.477 million, an increase from $24.364 million reported same period last year.