Princeton Bancorp, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 6, 2026, reporting a sharp decline in third-quarter net income driven by a large provision for credit losses.

Key Highlights

  • Q3 net income of $1,019 thousand: Down from $6,466 thousand in the third quarter of 2025, according to the filing.
  • Provision for credit losses of $7,640 thousand: Compared to a reversal of $672 thousand in Q3 2025, the company disclosed.
  • Net interest income rose to $20,009 thousand: Up from $19,619 thousand in the same quarter a year earlier, the filing reported.
  • Nine-month net income of $14,329 thousand: Up from $12,532 thousand for the nine months ended September 30, 2025.
  • Total assets of $2,308,280 thousand: As of September 30, 2026, compared to $2,285,147 thousand at December 31, 2025.
  • Comprehensive loss of $7,490 thousand for Q3 2026: Reflecting $8,509 thousand in other comprehensive loss, primarily unrealized losses on available-for-sale securities.
  • Shares outstanding of 6,814,076: As of November 4, 2026, the filing stated.

Princeton Bancorp Q3 2026 Results: Credit Loss Provision Weighs on Quarterly Earnings

According to the filing, Princeton Bancorp (NASDAQ:BPRN) reported net income of $1,019 thousand for the three months ended September 30, 2026, a significant decrease from $6,466 thousand in the comparable prior-year quarter. The primary driver, as disclosed, was a provision for credit losses of $7,640 thousand in Q3 2026, compared to a reversal of credit losses of $672 thousand in Q3 2025. Basic and diluted earnings per share for the quarter were $0.15, down from $0.95 in the third quarter of 2025.

The filing reported that net interest income for Q3 2026 increased to $20,009 thousand from $19,619 thousand a year earlier, while total interest and dividend income declined to $31,987 thousand from $32,745 thousand. Total interest expense also fell, to $11,978 thousand from $13,126 thousand. Total non-interest income was $2,459 thousand in Q3 2026, up from $1,908 thousand, while total non-interest expense decreased to $13,541 thousand from $13,917 thousand.

For the nine months ended September 30, 2026, the company disclosed net income of $14,329 thousand, up from $12,532 thousand for the same period in 2025. On the balance sheet, the filing showed total assets of $2,308,280 thousand at September 30, 2026, versus $2,285,147 thousand at December 31, 2025. Total deposits grew to $2,003,724 thousand from $1,976,193 thousand. Accumulated other comprehensive loss widened to $13,869 thousand at September 30, 2026, from $5,265 thousand at December 31, 2025, reflecting unrealized losses on available-for-sale securities. Total stockholders' equity stood at $270,438 thousand, compared to $270,712 thousand at year-end 2025. Dividends declared in Q3 2026 were $0.35 per share.

What Was Disclosed

Princeton Bancorp filed its Form 10-Q for the quarter ended September 30, 2026, disclosing a substantial decline in quarterly net income due to a large credit loss provision, partly offset by higher net interest income and increased non-interest income relative to the prior-year quarter.