Bank of Princeton reports Q3 EPS 95c, consensus 90c

Reports Q3 net interest margin 3.77%, up 23 basis points vs. Q2 and 36 basis points vs. 3Q24. Tangible book value per common share was $36.80 from $35.45 last quarter. Tier 1 capital ratio to average assets was 11.15% from 10.63% last quarter. CEO Edward Dietzler commented, “The Bank achieved strong quarterly results, with a net income of $6.5M and an EPS of 9c5. These results were driven by a 23-basis-point increase in the net interest margin to 3.77%, as compared to the prior quarter, reflecting improvements that were driven by higher asset yields and a reduction in funding costs.”