The strong EPS beat and margin expansion reinforce positive momentum. Watch for further net interest margin improvement as deposit costs decline. Loan shrinkage and deposit mix shift warrant monitoring but are manageable given strong capital ratios.
Price Chart
Executive Summary
Princeton Bancorp reported strong Q2 2026 results with net income of $7.1M and diluted EPS of $1.04, significantly beating consensus estimates of $0.88. Revenue (net interest income + non-interest income) of $22.5M also topped the $19.5M consensus. Net interest margin expanded 23bp sequentially to 3.86% and credit quality improved with a reversal of credit losses.
Key Financial Metrics
Key Facts
- Diluted EPS $1.04 vs consensus $0.88 (+18.2% beat)
- Revenue (NII + non-interest income) $22.5M vs consensus $19.5M (+15.3%)
- Net interest margin 3.86%, up 23bp QoQ and 32bp YoY
- Reversal of credit losses of $353K vs provision of $7.0M in Q2 2025
- Net interest income $20.0M, up 6.3% QoQ and 6.5% YoY
- Non-performing assets stable at $16.3M
- Equity-to-assets ratio improved to 12.4% from 11.9% at year-end
Financial Impact
EPS beat consensus by $0.16; revenue beat by ~$3.0M; net interest income grew $1.2M QoQ
Risk Factors
- Loan portfolio shrinking 2.5% YTD as commercial real estate and construction loans decline
- Total deposits down 2.0% from year-end, with CDs declining $97M
- Rising non-interest expenses (up 1.7% QoQ) driven by professional fees and salaries
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-314061 |
| Document: bprn-20260723.htm | 0001193125-26-314061 |
| Document: 0001193125-26-314061-index-headers.html | 0001193125-26-314061 |
| Document: 0001193125-26-314061-index.html | 0001193125-26-314061 |
| Document: 0001193125-26-314061.txt | 0001193125-26-314061 |
| 8-K Data (Synthetic) | 0001193125-26-314061 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 10w ago | Insider Cluster | $43.47 $43.60 | ▲ +0.30% | ▲ +2.29% | $45.03 (+3.59%) |
Aug 10, 2026 11w ago | Insider Cluster | $42.20 $42.87 | ▼ −1.59% | ▼ −2.50% | $45.03 (−6.71%) |
Jul 23, 2026 13w ago | 8-K | $40.86 $42.50 | ▲ +4.03% | ▲ +0.40% | $45.03 (+10.22%) |
Jul 22, 2026 13w ago | 8-K | $37.97 $42.45 | ▲ +11.80% | ▲ +8.49% | $45.03 (+18.59%) |
Apr 23, 2026 26w ago | 8-K | $34.65 $34.69 | ▲ +0.12% | ▼ −3.91% | $45.03 (+29.96%) |
Apr 21, 2026 26w ago | 8-K | $34.67 $34.50 | ▼ −0.49% | ▼ −3.65% | $45.03 (+29.89%) |
Apr 6, 2026 29w ago | 10-K/A | $34.31 $35.93 | ▲ +4.71% | ▼ −4.27% | $45.03 (+31.23%) |
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