It seems like you've provided a financial report document, specifically a 10-Q filing, which is a quarterly report filed by publicly traded companies with the Securities and Exchange Commission (SEC). Since there is no article title provided, I'll assume you'd like me to generate a title based on the content of the document. A possible title for this article could be: "Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934" This title is a standard format for 10-Q filings and provides a brief summary of the report's purpose and content.

Press release · 05/09 18:10
It seems like you've provided a financial report document, specifically a 10-Q filing, which is a quarterly report filed by publicly traded companies with the Securities and Exchange Commission (SEC). Since there is no article title provided, I'll assume you'd like me to generate a title based on the content of the document. A possible title for this article could be: "Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934" This title is a standard format for 10-Q filings and provides a brief summary of the report's purpose and content.

It seems like you've provided a financial report document, specifically a 10-Q filing, which is a quarterly report filed by publicly traded companies with the Securities and Exchange Commission (SEC). Since there is no article title provided, I'll assume you'd like me to generate a title based on the content of the document. A possible title for this article could be: "Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934" This title is a standard format for 10-Q filings and provides a brief summary of the report's purpose and content.

I apologize, but it seems that you haven’t provided a financial report (10-Q) for me to summarize. A 10-Q is a quarterly report filed by publicly traded companies with the Securities and Exchange Commission (SEC), and it typically includes financial statements, management’s discussion and analysis (MD&A), and other relevant information.

If you provide the actual report, I’d be happy to help you summarize it in a single paragraph, focusing on key financial figures, main events, and significant developments.

Executive Overview

The Company is the holding company for The Bank of Princeton, a community bank founded in 2007. The Bank has 28 branches in New Jersey, 5 in the Philadelphia area, and 2 in the New York City metropolitan area. The Company’s common stock trades on the Nasdaq Global Select Market under the ticker symbol “BPRN”.

Financial Highlights

  • Total assets decreased 0.95% to $2.32 billion at March 31, 2025 compared to $2.34 billion at December 31, 2024. This was primarily due to decreases in cash and investment securities, partially offset by an increase in net loans.

  • Loans, net of deferred fees and costs, increased 2.1% to $1.86 billion at March 31, 2025. The increase was driven by growth in residential mortgages and commercial real estate loans.

  • Total deposits decreased 1.08% to $2.03 billion at March 31, 2025 compared to December 31, 2024, with decreases in money market, certificates of deposit, and non-interest-bearing deposits.

  • Net income for the first quarter of 2025 was $5.4 million, or $0.77 per diluted share, compared to $4.3 million, or $0.68 per diluted share, in the first quarter of 2024. The increase was primarily due to higher net interest income.

  • The Bank remained well-capitalized with a total risk-based capital ratio of 13.68% at March 31, 2025.

Outlook

The first quarter of 2025 saw optimism around economic resilience and a favorable regulatory environment, but also growing uncertainty around trade policy. The Company continues to focus on prudent risk management and maintaining a strong capital position to navigate the evolving economic landscape.