Stock Data
$0.73 (1.72%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Princeton Bancorp, Inc. is a New Jersey-based bank holding company for The Bank of Princeton. It offers a wide range of banking services including checking and savings accounts, various loan options like commercial real estate, and consumer loans. Additionally, it provides modern banking conveniences such as online bill payment, debit and credit cards, and merchant credit card processing. Established in 2007, it aims to serve its community with both traditional and innovative banking solutions.
Heritage Financial leads today's dividend payments, sending about $10.2 million in cash to shareholders at 25 cents a share on August 19. Smaller community banks fill out the rest of the list, from Univest to Princeton Bancorp.
Net income soared 929% year-over-year as credit loss provisions swung to a $353,000 reversal from a $7M charge a year ago, while the community bank expanded its net interest margin 32 basis points by deliberately shrinking expensive CDs and pivoting to lower-cost deposits.
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