Princeton Bancorp (BPRN) investor relations material

Executive summary

• Net income for Q1 2026 was $6.2 million, up from $6.1 million in Q4 2025 and $5.4 million in Q1 2025, with diluted EPS of $0.91, reflecting improved non-interest income and lower credit provision.

• Total assets decreased 1.29% sequentially to $2.25 billion, mainly due to lower cash and investment securities, partially offset by higher loans.

• Total deposits declined 1.70% from Q4 2025, with notable decreases in certificates of deposit and interest-bearing demand deposits.

• Stockholders' equity rose 1.07% sequentially, driven by retained earnings growth, despite higher accumulated other comprehensive loss.

Financial highlights

• Net interest income for Q1 2026 was $18.9 million, up $228 thousand from Q4 2025 and $101 thousand year-over-year.

• Net interest margin increased to 3.63%, up 12 basis points both sequentially and year-over-year.

• Non-interest income rose 15.7% sequentially and 11.9% year-over-year, reaching $2.5 million, aided by a $232 thousand gain on an equity investment.

• Non-interest expense increased 5.4% sequentially but decreased 2.7% year-over-year, with higher salaries and occupancy costs quarter-over-quarter.

• Income tax expense was $1.8 million, with an effective tax rate of 22.6%.

Outlook and guidance

• Management highlighted strong liquidity and balance sheet positioning, with $119.8 million in cash and $164.5 million in available-for-sale securities.

• Forward-looking statements caution about risks from economic, regulatory, and geopolitical factors, including inflation, interest rates, and potential recession.