Bank of Princeton reports Q3 EPS $1.19 vs. $1.09 last year

“The Bank continues to be well-positioned to promote strong growth,” President/CEO Edward Dietzler commented on the quarter. The Bank was able to continue deposit growth and build significant liquidity to fund future loan demand. Our recent acquisition of Noah Bank is performing well giving us a strong platform to expand. We will continue to look at other opportunities that fit our overall strategy. As a result of the increase in deposits, balance sheet liquidity increased to $206.9 million in immediately available cash with zero borrowings. The Bank has a sizable loan pipeline in the communities we serve that it anticipates funding during the remainder of 2023, supported by the Bank’s strong capital position.”