Princeton Bancorp (BPRN) investor relations material

Executive summary

• Net income for Q2 2026 was $7.1 million ($1.04 per diluted share), up from $6.2 million ($0.91 per share) in Q1 2026 and $688 thousand ($0.10 per share) in Q2 2025.

• Six-month net income reached $13.3 million ($1.95 per share), more than double the $6.1 million ($0.88 per share) from the same period in 2025.

• Performance was driven by higher net interest income, improved net interest margin, and a significant reversal of credit losses.

Financial highlights

• Net interest income for Q2 2026 was $20.0 million, up 6.5% year-over-year and 6.3% sequentially.

• Net interest margin rose to 3.86% in Q2 2026, up 23 basis points from Q1 2026 and 32 basis points year-over-year.

• Total assets at June 30, 2026 were $2.25 billion, down 1.49% from December 31, 2025.

• Total deposits decreased 2.05% since year-end, mainly due to a strategic reduction in certificates of deposit.

• Stockholders' equity increased 3.40% since year-end, driven by retained earnings and stock option exercises.

Outlook and guidance

• Management highlighted continued execution of strategic priorities and franchise resilience.

• Liquidity remains strong, and the deposit mix shift is expected to reduce funding costs.