Bank of Princeton reports Q4 EPS 75c, consensus 86c

Reports Q4 Book value per common share $38.07 vs. $38.04 last year. At December 31 non-performing assets totaled $27.1M,an increase of $20.4M when compared to the amount at December 31, 2023. The increase was due to the delinquency of two commercial real estate loans totaling $25.4M with collateral supporting each loan.President/CEO Edward Dietzler commented, “We are proud to have completed our 17th year of operations with a successful performance. We completed the acquisition of Cornerstone Bank, continuing our long-term strategic plan of becoming the community bank of choice up and down the I-95 corridor. At December 31, 2024, the Bank entered a new milestone by exceeding $2.0B in assets, supported by growth in core loans and deposits while maintaining a strong capital position. The Bank remains well positioned to continue our conservative growth path with our experienced management team.”