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Princeton Bancorp, Inc. operates as the bank holding company for The Bank of Princeton that provides various banking products and services. The company accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. It also offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, and commercial business loans, as well as consumer loans, including home equity loans and lines of credit. In addition, the company provides debit and credit cards, money orders, direct deposits, automated teller machines, cashier's checks, safe deposit boxes, online banking, wire transfers, night depository, remote deposit capture, bank-by-mail, online, and automated telephone banking services, as well as payroll-related services and merchant credit card processing services through third party. Further, it offers full online statements, online bill payment, account inquiries, mobile banking, transaction histories and details, and account-to-account transfer services. The company was founded in 2007 and is headquartered in Princeton, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $84M | - | $19M | $21M | 6.9% | 12.8% | 81.7% |
| 2024 | $75M | - | $10M | $13M | 3.9% | 3.4% | -60.2% |
| 2023 | $72M | - | $26M | $21M | 10.7% | -1.0% | -2.8% |
| 2022 | $73M | - | $26M | $23M | 12.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 72.94 | 72.24 | 74.69 | 84.28 |
| Pretax Income | 34.05 | 30.34 | 12.82 | 23.68 |
| Tax Provision | 7.56 | 4.57 | 2.57 | 5.07 |
| Net Income | 26.49 | 25.77 | 10.24 | 18.61 |
| Net Income Common Stockholders | 26.49 | 25.77 | 10.24 | 18.61 |
| Interest Expense | 6 | 33.16 | 56.41 | 54.74 |
| Interest Income | 74.08 | 98.18 | 122.95 | 130.55 |
| Selling General And Administration | 21.95 | 24.78 | 27.81 | 30.06 |
| Normalized Income | 26.49 | 22.14 | 16.48 | 18.61 |
| Basic EPS | 4.19 | 4.10 | 1.57 | 0 |
| Diluted EPS | 4.11 | 4.03 | 1.55 | 0 |
| Tax Effect Of Unusual Items | 0 | 0.64 | -1.57 | 0 |
| Tax Rate For Calcs | 0.22 | 0.15 | 0.20 | 0.21 |
| Total Unusual Items | 0 | 4.26 | -7.80 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 4.26 | -7.80 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 26.49 | 25.77 | 10.24 | 18.61 |
| Reconciled Depreciation | 2.05 | 1.98 | 2.28 | 2.65 |
| Net Interest Income | 68.08 | 65.02 | 66.53 | 75.82 |
| Net Income From Continuing And Discontinued Operation | 26.49 | 25.77 | 10.24 | 18.61 |
| Diluted Average Shares | 6.45 | 6.39 | 6.62 | 0 |
| Basic Average Shares | 6.32 | 6.28 | 6.53 | 0 |
| Diluted NI Availto Com Stockholders | 26.49 | 25.77 | 10.24 | 18.61 |
| Net Income Including Noncontrolling Interests | 26.49 | 25.77 | 10.24 | 18.61 |
| Net Income Continuous Operations | 26.49 | 25.77 | 10.24 | 18.61 |
| Special Income Charges | 0 | 4.26 | -7.80 | 0 |
| Write Off | 0 | -0.20 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | -4.06 | 7.80 | 0 |
| Gain On Sale Of Security | 0 | 0.04 | -0.01 | 0 |
| Depreciation Amortization Depletion Income Statement | 0.57 | 0.50 | 0.60 | 0.86 |
| Depreciation And Amortization In Income Statement | 0.57 | 0.50 | 0.60 | 0.86 |
| Amortization | 0.57 | 0.50 | 0.60 | 0.86 |
| Amortization Of Intangibles Income Statement | 0.57 | 0.50 | 0.60 | 0.86 |
| Selling And Marketing Expense | 0.48 | 0.50 | 0.63 | 0.69 |
| General And Administrative Expense | 21.46 | 24.28 | 27.18 | 29.37 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.01 | 0.89 | 1.15 | 1.59 |
| Salaries And Wages | 20.45 | 23.39 | 26.04 | 27.77 |
| Operating Revenue | 72.94 | 72.24 | 74.69 | 84.28 |
| Occupancy And Equipment | 5.86 | 7.04 | 8.21 | 8.73 |
| Professional Expense And Contract Services Expense | 2.47 | 2.06 | 2.58 | 3.34 |
| Other Non Interest Expense | 7.64 | 8.68 | 9.76 | 10.96 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Princeton Bancorp, Inc.this co. | BPRN | $242M | 12.49↑ premium | 0.88 | 6.9% | - |
| First National Corporation | FXNC | $253M | 14.26 | 1.35 | 9.5% | - |
| C&F Financial Corporation | CFFI | $249M | 8.81 | 0.94 | 10.2% | - |
| Ames National Corporation | ATLO | $248M | 11.57 | 1.19 | 9.2% | - |
| Kingstone Companies, Inc. | KINS | $245M |
| 5.89 |
| 1.99 |
| 33.2% |
| 4.55 |
| Chain Bridge Bancorp, Inc. | CBNA | $243M | 11.18 | 1.43 | 12.0% | - |
| First United Corporation | FUNC | $239M | 9.50 | 1.17 | 12.0% | - |
| Security National Financial Corporation | SNFCA | $238M | 7.63 | 0.58 | 7.8% | 4.28 |
| Hawthorn Bancshares, Inc. | HWBK | $232M | 9.82 | 1.33 | 13.7% | - |
| Peer Median | - | 9.66 | 1.26 | 11.1% | 4.42 | |