The Bank of Princeton Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 29, 2020 at 09:30 am
Share
The Bank of Princeton announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 10.412 million compared to USD 10.306 million a year ago. Net income was USD 3.389 million compared to USD 3.788 million a year ago. Basic earnings per share was USD 0.5 compared to USD 0.57 a year ago. Diluted earnings per share was USD 0.49 compared to USD 0.55 a year ago. For the full year, net interest income was USD 41.451 million compared to USD 41.009 million a year ago. Net income was USD 10.142 million compared to USD 14.708 million a year ago. Basic earnings per share was USD 1.51 compared to USD 2.22 a year ago. Diluted earnings per share was USD 1.47 compared to USD 2.14 a year ago.
Princeton Bancorp, Inc. is the bank holding company for The Bank of Princeton (the Bank). The Bank is a New Jersey state-chartered commercial bank with 22 branches. The Bank is a full-service bank providing personal and business lending and deposit services. The Bank offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans and consumer loans, including home equity loans and lines of credit. The Bank's loan portfolio consists of variable-rate and fixed-rate loans with a significant concentration on commercial real estate lending. The Bank's commercial real estate and multi-family loan portfolio consists primarily of loans secured by small office buildings, strip shopping centers, small apartment buildings and other properties used for commercial and multi-family purposes located in the Companyâs market area.
PRINCETON BANCORP, INC. 
