Princeton Bancorp, Inc. (BPRN) 10-Year Financial Performance & Capital Metrics

BPRN • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutPrinceton Bancorp, Inc. operates as a bank holding company. It is a full-service financial institution that provides business and personal banking. It 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 company was founded in 2017 and is headquartered in Princeton, NJ.Show more

Net Interest Income $67M +2.3%
Total Revenue $131M +24.4%
Net Income $10M -60.2%
Return on Equity 4.08% -63.6%
Net Interest Margin 2.84% -16.2%
Efficiency Ratio 43.3% +17.6%
ROA 0.48% -67.1%
Equity / Assets 11.2% -10.7%
Book Value per Share 39.58 +5.3%
Tangible BV/Share 36.86 +2.4%
Debt/Equity 0.09 -13.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 43.3% efficiency ratio
✓Well capitalized: 11.2% equity/assets
✓Healthy dividend yield of 3.1%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.26%

5Y15.75%

3Y21.03%

TTM-

Profit (Net Income) CAGR

10Y1.3%

5Y0.2%

3Y-23.06%

TTM72.47%

EPS CAGR

10Y-2.12%

5Y1.07%

3Y-22.27%

TTM58.64%

ROCE

10Y Avg9.66%

5Y Avg10%

3Y Avg9.97%

Latest4.55%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	36.38M	37.67M	39.13M	41.01M	41.45M	48.85M	62.6M	68.08M	65.02M	66.53M
NII Growth %	-	0.04%	0.04%	0.05%	0.01%	0.18%	0.28%	0.09%	-0.05%	0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	43.22M	45.43M	47.97M	54.37M	59.72M	61.68M	69.28M	74.08M	98.18M	122.95M
Interest Expense	6.84M	7.76M	8.84M	13.36M	18.27M	12.83M	6.67M	6M	33.16M	56.41M
Loan Loss Provision	1.9M	-41K	3.77M	665K	4.8M	5.22M	3.63M	400K	3.11M	5.11M
Non-Interest Income+	2.29M	2.35M	2.83M	2.12M	3.38M	4.81M	4.67M	4.86M	7.22M	8.15M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	45.51M	47.79M	50.8M	56.49M	63.1M	66.48M	73.94M	78.94M	105.4M	131.1M
Revenue Growth %	0.32%	0.05%	0.06%	0.11%	0.12%	0.05%	0.11%	0.07%	0.34%	0.24%
Non-Interest Expense	22.06M	23.76M	23.33M	24.76M	27.73M	31.14M	34.45M	38.49M	38.8M	56.76M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	14.71M	16.3M	14.86M	17.71M	12.3M	17.29M	29.19M	34.05M	30.34M	12.82M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.07%	0.11%	-0.09%	0.19%	-0.31%	0.41%	0.69%	0.17%	-0.11%	-0.58%
Pretax Income+	14.71M	16.3M	14.86M	17.71M	12.3M	17.29M	29.19M	34.05M	30.34M	12.82M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.7M	4.46M	3.85M	3M	2.16M	3.48M	6.7M	7.56M	4.57M	2.57M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	11.01M	11.84M	11.01M	14.71M	10.14M	13.81M	22.49M	26.49M	25.77M	10.24M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.22%	0.08%	-0.07%	0.34%	-0.31%	0.36%	0.63%	0.18%	-0.03%	-0.6%
Net Income (Continuing)	11.01M	11.84M	11.01M	14.71M	10.14M	13.81M	22.49M	26.49M	25.77M	10.24M
EPS (Diluted)+	2.34	2.36	1.90	2.14	1.47	2.01	3.30	4.11	4.03	1.55
EPS Growth %	0.22%	0.01%	-0.19%	0.13%	-0.31%	0.37%	0.64%	0.25%	-0.02%	-0.62%
EPS (Basic)	2.34	2.52	2.00	2.22	1.51	2.04	3.37	4.19	4.10	1.57
Diluted Shares Outstanding	4.7M	5.02M	5.79M	6.87M	6.9M	6.87M	6.81M	6.45M	6.39M	6.62M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	28.59M	19.61M	82.82M	26.38M	72.6M	67.43M	12.02M	25.3M	34.53M	33.64M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	938.99M	962.88M	1.06B	1.16B	1.29B	1.42B	1.42B	1.44B	1.63B	2.04B
Investments Growth %	-	0.03%	0.1%	0.1%	0.11%	0.11%	-0%	0.01%	0.13%	0.25%
Long-Term Investments	797.48M	849.84M	958.62M	1.07B	1.17B	1.35B	1.32B	1.36B	1.54B	1.85B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	8.85M	8.85M	8.85M	8.85M	8.85M	14.38M
Intangible Assets	0	0	0	0	3.76M	3.04M	2.39M	1.82M	1.42M	3.63M
PP&E (Net)	5.45M	4.52M	3.88M	4.2M	25.31M	31.12M	30.51M	27.75M	37.85M	39.71M
Other Assets	29.42M	29.06M	49.21M	51.83M	50.27M	59.74M	205.26M	88.19M	186.55M	178.07M
Total Current Assets	175.69M	135.82M	188.07M	121.8M	188.54M	147.95M	117.39M	111.4M	131.97M	235.57M
Total Non-Current Assets	837.63M	889.01M	1.01B	1.13B	1.27B	1.45B	1.57B	1.49B	1.78B	2.1B
Total Assets+	1.01B	1.03B	1.2B	1.25B	1.45B	1.6B	1.69B	1.6B	1.92B	2.34B
Asset Growth %	0.06%	0.01%	0.17%	0.04%	0.16%	0.1%	0.05%	-0.05%	0.2%	0.22%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0%
Accounts Payable	1.41M	1.34M	1.59M	2.2M	3.88M	2.48M	1.04M	1.03M	9.16M	15.4M
Total Debt+	257.6M	112.2M	0	110.8M	15.04M	18.99M	18.56M	26.77M	24.28M	22.94M
Net Debt	229.01M	92.59M	-82.82M	84.42M	-57.56M	-48.44M	6.54M	1.47M	-10.25M	-10.7M
Long-Term Debt	128.8M	56.1M	0	55.4M	0	0	0	10M	0	0
Short-Term Debt	128.8M	56.1M	0	55.4M	0	0	0	0	0	0
Other Liabilities	0	0	446K	-53M	2.15M	5.29M	5.36M	6.65M	7.1M	7.23M
Total Current Liabilities	921.88M	922.53M	1.03B	1.06B	1.24B	1.37B	1.45B	1.35B	1.64B	2.05B
Total Non-Current Liabilities	0	0	446K	2.4M	17.19M	24.28M	23.92M	33.42M	31.38M	30.17M
Total Liabilities	921.88M	922.53M	1.03B	1.07B	1.26B	1.39B	1.47B	1.38B	1.68B	2.08B
Total Equity+	91.44M	103.46M	168.29M	184.32M	195.93M	208.82M	216.58M	219.6M	240.21M	262.04M
Equity Growth %	0.16%	0.13%	0.63%	0.1%	0.06%	0.07%	0.04%	0.01%	0.09%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.13%	0.12%	0.08%	0.08%	0.05%	0.07%	0.11%	0.12%	0.11%	0.04%
Book Value per Share	19.45	20.61	29.08	26.82	28.41	30.40	31.78	34.05	37.60	39.58
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	23.44M	23.5M	32.76M	33.28M	33.81M	33.95M	34.1M	34.55M	0	0
Additional Paid-in Capital	31.22M	31.86M	76.35M	77.89M	79.22M	79.71M	80.22M	81.29M	98.29M	119.91M
Retained Earnings	36.27M	48.11M	59.12M	73.63M	82.27M	93.37M	111.45M	131.49M	149.41M	151.91M
Accumulated OCI	519K	-4K	67K	-485K	630K	1.79M	839K	-8.27M	-7.49M	-8.94M
Treasury Stock	0	0	0	0	0	0	-10.03M	-19.45M	0	-842K
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	10.81M	13.58M	12.81M	17.02M	17.06M	18.1M	12.9M	23.99M	23.11M	14.73M
Operating CF Growth %	-0.06%	0.26%	-0.06%	0.33%	0%	0.06%	-0.29%	0.86%	-0.04%	-0.36%
Net Income	11.01M	11.84M	11.01M	14.71M	10.14M	13.81M	22.49M	26.49M	25.77M	10.24M
Depreciation & Amortization	1.07M	949K	820K	638K	1.27M	1.89M	1.95M	2.05M	1.98M	2.28M
Deferred Taxes	12K	20K	4.74M	-3.24M	-62K	-926K	276K	527K	200K	-807K
Other Non-Cash Items	365K	-1.29M	2.11M	-662K	1.3M	-1.14M	-6.23M	-5.56M	-10.91M	-400K
Working Capital Changes	-2.41M	1.51M	-6.35M	4.88M	3.9M	4.15M	-5.85M	430K	5.27M	2.4M
Cash from Investing+	-61.39M	-23.11M	-112.91M	-108.61M	31.79M	-140.25M	3.54M	-26.46M	-5.76M	-154.05M
Purchase of Investments	-17.52M	-7.05M	-17.47M	-9.14M	-47.23M	-28.33M	-41.96M	-5.38M	-14.68M	-181.16M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	161.28M	0	0	0	-2.23M	7.87M
Other Investing	-82.53M	-50.28M	-123.83M	-116.65M	-106.19M	-175.77M	31.68M	-30.84M	6.36M	-14.09M
Cash from Financing+	47.3M	540K	163.32M	35.15M	-2.64M	126.98M	64.84M	-102.89M	79.85M	106.11M
Dividends Paid	0	0	0	-200K	-1.28M	-2.71M	-4.39M	-6.46M	-7.45M	-7.61M
Share Repurchases	0	0	0	0	0	0	-10.03M	-9.42M	0	-842K
Stock Issued	0	0	51.8M	0	0	31K	53K	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	-1000K	0	0	1000K	-1000K	0
Other Financing	-57.2M	73.24M	167.61M	-20.05M	54.04M	129.66M	79.26M	-97.02M	97.3M	114.56M
Net Change in Cash+	-3.28M	-8.98M	63.22M	-56.44M	46.21M	4.83M	81.29M	-105.36M	97.21M	-33.21M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	31.87M	28.59M	19.61M	82.82M	26.38M	72.6M	77.43M	158.72M	53.35M	150.56M
Cash at End	28.59M	19.61M	82.82M	26.38M	72.6M	77.43M	158.72M	53.35M	150.56M	117.35M
Interest Paid	7M	7.84M	8.59M	12.75M	16.58M	14.23M	8.11M	6.02M	25.03M	50.17M
Income Taxes Paid	5.1M	3.51M	5.34M	1.97M	3.11M	3.18M	9.03M	6.99M	5.88M	1.82M
Free Cash Flow+	10.17M	13.57M	12.66M	16.06M	13.08M	15M	11.71M	23.38M	21.4M	13.21M
FCF Growth %	-0.03%	0.33%	-0.07%	0.27%	-0.19%	0.15%	-0.22%	1%	-0.08%	-0.38%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.95%	12.15%	8.11%	8.34%	5.33%	6.82%	10.57%	12.15%	11.21%	4.08%
Return on Assets (ROA)	1.12%	1.16%	0.99%	1.2%	0.75%	0.9%	1.37%	1.61%	1.46%	0.48%
Net Interest Margin	3.59%	3.67%	3.26%	3.28%	2.85%	3.05%	3.71%	4.25%	3.39%	2.84%
Efficiency Ratio	48.47%	49.72%	45.93%	43.83%	43.95%	46.84%	46.6%	48.76%	36.81%	43.3%
Equity / Assets	9.02%	10.08%	14.02%	14.73%	13.47%	13.03%	12.83%	13.71%	12.53%	11.2%
Book Value / Share	19.45	20.61	29.08	26.82	28.41	30.4	31.78	34.05	37.6	39.58
NII Growth	-	3.53%	3.88%	4.8%	1.08%	17.85%	28.15%	8.76%	-4.5%	2.33%
Dividend Payout	-	-	-	1.36%	12.62%	19.62%	19.51%	24.37%	28.9%	74.27%

Frequently Asked Questions

Valuation & Price

Princeton Bancorp, Inc. (BPRN) has a price-to-earnings (P/E) ratio of 23.7x. This is roughly in line with market averages.

Growth & Financials

Princeton Bancorp, Inc. (BPRN) grew revenue by 24.4% over the past year. This is strong growth.

Yes, Princeton Bancorp, Inc. (BPRN) is profitable, generating $17.8M in net income for fiscal year 2024 (7.8% net margin).

Dividend & Returns

Yes, Princeton Bancorp, Inc. (BPRN) pays a dividend with a yield of 3.13%. This makes it attractive for income-focused investors.

Princeton Bancorp, Inc. (BPRN) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.

Industry Metrics

Princeton Bancorp, Inc. (BPRN) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Princeton Bancorp, Inc. (BPRN) has an efficiency ratio of 43.3%. This is excellent, indicating strong cost control.

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