Princeton Bancorp Q3 2026: Two Bad CRE Loans and a Dividend Hike
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Two commercial real estate loans went bad and took the quarter with them: a $7.6 million credit provision pushed earnings to a miss of expectations, even though revenue beat. Management calls it non-recurring and backed that up by raising the quarterly dividend.
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A $7.6 million provision tied to the charge-off of two commercial real estate loans cut reported EPS to $0.15, missing expectations.
Revenue of $22.47 million came in above expectations, so the credit hit, not the core banking franchise, drove the quarter.
CEO Edward Dietzler says core operations still generated approximately $7.0 million plus in net income, excluding these non-recurring items.
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The Board raised the quarterly dividend by $0.05, signaling leadership treats the charge-offs as a cleanup.
Net interest margin narrowed 11 basis points from Q2 2026 to 3.75%, so keep an eye on the stock as the CRE book stabilizes.
Mentioned: BPRN