Jan. 28 at 9:05 PM
$BPRN 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."
