Princeton Bancorp Reports Q2 2025 Earnings Decline

Bank of Princeton ( (BPRN) ) has released its Q2 earnings. Here is a breakdown of the information Bank of Princeton presented to its investors.

Princeton Bancorp, Inc., the holding company for The Bank of Princeton, operates as a community bank with branches across New Jersey, Philadelphia, and New York City, providing a range of financial services to its customers.

Princeton Bancorp recently released its second-quarter earnings report for 2025, highlighting a significant decline in net income compared to the previous quarter and year, primarily due to increased provisions for credit losses. Despite this, the company showed improvements in net interest and non-interest income, alongside a reduction in operating expenses.

The bank reported a net income of $688,000 for the second quarter of 2025, a sharp decrease from $5.4 million in the first quarter of 2025 and $5.1 million in the same quarter of 2024. This decline was largely driven by a $6.7 million increase in credit loss provisions. However, the company saw a modest increase in net interest income by $53,000 and non-interest income by $61,000 compared to the previous quarter. Total assets decreased by 4.21% to $2.24 billion, with a notable reduction in cash and investment securities.

The bank’s strategic actions included repurchasing 173,000 shares of common stock and managing its deposit structure to reduce costs. Non-performing assets decreased significantly, reflecting improved asset quality. Despite the challenges, the company maintained strong liquidity and a stable equity-to-assets ratio.

Looking ahead, Princeton Bancorp’s management remains optimistic about stronger earnings in the latter half of 2025, focusing on improving operational efficiencies and managing credit risks effectively to navigate the current economic landscape.