Filing Analysis
Princeton Bancorp, Inc. issued a press release on July 23, 2026, disclosing its financial results and condition for the three and six months ended June 30, 2026.
📋 Key Facts
- Report date: July 23, 2026
- Reporting period: Three and six months ended June 30, 2026
- The filing relates to the financial condition and results of operations for The Bank of Princeton
- Financial statements are provided in Exhibit 99.1
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.35 per share of common stock.
📋 Key Facts
- Dividend amount: $0.35 per share of common stock.
- Record date: August 5, 2026.
- Payment date: August 28, 2026.
Princeton Bancorp, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on April 21, 2026. Shareholders elected nine directors, approved executive compensation on an advisory basis, and ratified the appointment of the company's independent auditor.
📋 Key Facts
- The 2026 Annual Meeting was held on April 21, 2026, with 5,642,618 shares present out of 6,795,200 outstanding.
- Nine directors were elected: Richard Gillespie, Stephen Distler, Ross Wishnick, Robert Ridolfi, Judith Giacin, Stephen Shueh, Martin Tuchman, Susan Barrett, and Edward Dietzler.
- The advisory vote on executive compensation passed with 4,176,844 votes in favor.
- Wolf & Company, P.C. was ratified as the independent auditor for the fiscal year ending December 31, 2026, with 5,612,397 votes in favor.
Princeton Bancorp, Inc. announced its financial results for the first quarter ended March 31, 2026, via a press release. The filing serves as a routine quarterly update on the company's financial condition and operations.
📋 Key Facts
- Financial results reported for the quarter ended March 31, 2026
- Information was furnished under Item 2.02 Results of Operations and Financial Condition
- The company is the holding company for The Bank of Princeton
- Exhibit 99.1 contains the full press release text
Princeton Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.35 per share of common stock. The dividend is scheduled to be paid on May 28, 2026, to shareholders of record as of May 5, 2026.
📋 Key Facts
- Cash dividend amount: $0.35 per share
- Declaration date: April 21, 2026
- Record date: May 5, 2026
- Payment date: May 28, 2026
Princeton Bancorp, Inc. issued a press release on January 29, 2026, disclosing its financial results for the three and twelve months ended December 31, 2025.
📋 Key Facts
- The filing reports financial condition and results of operations for the periods ending December 31, 2025.
- Report date: January 29, 2026.
- Financial information was released via a press release (Exhibit 99.1).
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.35 per share of common stock.
📋 Key Facts
- Dividend amount: $0.35 per share of common stock.
- Record date: February 4, 2026.
- Payment date: February 27, 2026.
Princeton Bancorp, Inc. announced an amendment and restatement of The Bank of Princeton's Deferred Compensation Plan, effective January 1, 2026. The plan allows the CEO and COO to defer cash compensation into phantom investments including company stock.
🚩 Red Flags
- Potential for increased dilution through phantom stock investments, though this is a standard executive compensation mechanism.
📋 Key Facts
- The Board approved an amendment/restatement of The Bank of Princeton Deferred Compensation Plan on November 19, 2025.
- Effective date for the amended plan is January 1, 2026.
- CEO and COO are eligible to defer cash compensation into phantom investments, including Company common stock.
- The plan includes provisions for 'Discretionary Employer Restoration Contributions' and 'Other Discretionary Employer Contributions'.
- Participants are 100% vested in their own deferrals.
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.35 per share of common stock.
📋 Key Facts
- Dividend amount: $0.35 per share of common stock.
- Record date: November 7, 2025.
- Payment date: November 26, 2025.
Princeton Bancorp, Inc. issued an 8-K to furnish financial results for the three and nine months ended September 30, 2025. The filing serves as a formal announcement of quarterly/year-to-date operational performance.
📋 Key Facts
- Report date: October 29, 2025
- Reporting period: Three and nine months ended September 30, 2025
- The filing includes a press release (Exhibit 99.1) regarding financial condition and results of operations.
- Registrant is the bank holding company for The Bank of Princeton.
Princeton Bancorp, Inc. issued an 8-K to announce the release of its financial results for the three and six months ended June 30, 2025.
📋 Key Facts
- The filing is a standard earnings announcement via press release (Exhibit 99.1).
- Reporting period covers the three and six months ended June 30, 2025.
- The report was filed on July 24, 2025.
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.30 per share of common stock.
📋 Key Facts
- Dividend amount: $0.30 per share of common stock.
- Record date: August 6, 2025.
- Payment date: August 29, 2025.
Princeton Bancorp, Inc. announced a material impairment charge of approximately $9.9 million related to two delinquent commercial real estate loans. The charge is expected to reduce earnings by $0.86 per diluted common share.
🚩 Red Flags
- Significant material impairment charge impacting earnings per share ($0.86 reduction).
- Concentration risk in commercial real estate loans (two loans represent the vast majority of non-performing assets).
- Large portion of non-performing assets ($25.3M out of $26.5M) tied to just two specific loan participations.
📋 Key Facts
- Non-performing assets totaled $26.5 million as of March 31, 2025.
- Two specific commercial real estate loans account for $25.3 million of the non-performing assets.
- The Registrant is a participant in these loans; the lead bank is currently marketing the collateral for sale.
- Estimated net impairment charge: $9.9 million.
- Of the total charge, $2.4 million has already been reserved in the allowance for loan losses.
- Estimated after-tax impact on consolidated statements of income: ($6.0 million).
- Estimated impact per diluted common share: ($0.86).
Princeton Bancorp, Inc. held its 2025 Annual Meeting of Shareholders on April 22, 2025. The filing reports the results of shareholder votes regarding director elections, executive compensation, auditor ratification, and advisory vote frequency.
📋 Key Facts
- Annual Meeting held on April 22, 2025.
- All nine nominees for the Board of Directors were elected to their respective positions.
- Shareholders approved the named executive officer compensation (Say-on-Pay).
- Shareholders ratified Wolf & Company, P.C. as independent auditors for the fiscal year ending December 31, 2025.
- Shareholders selected a one-year frequency for future advisory votes on executive compensation.
Princeton Bancorp, Inc. issued an 8-K to announce the release of its financial results for the first quarter ended March 31, 2025.
📋 Key Facts
- The filing is a formal announcement of quarterly financial results for the period ending March 31, 2025.
- The company issued a press release (Exhibit 99.1) containing detailed information on its financial condition and operations.
- The report was filed on April 24, 2025.
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.30 per share of common stock.
📋 Key Facts
- Dividend amount: $0.30 per share of common stock.
- Record date: May 6, 2025.
- Payment date: May 29, 2025.
Princeton Bancorp, Inc. has amended the employment agreements for its named executive officers to clarify medical severance benefits and correct a scrivener's error regarding Change in Control multipliers.
🚩 Red Flags
- Increased severance liability (multiplier increased from 2x to 3x) in the event of a Change in Control for key executives.
📋 Key Facts
- Amendments made on January 22, 2025, for CEO Edward J. Dietzler, COO Daniel J. O’Donnell, CLO Stephanie Adkins, and CFO George S. Rapp.
- Clarification of medical severance benefits in the event of involuntary termination without Cause or voluntary termination for Good Reason following a Change in Control.
- Correction of a scrivener's error for Mr. Dietzler and Mr. O’Donnell to restore a Change in Control severance multiplier from 2x back to 3x.
Princeton Bancorp, Inc. issued a press release on January 28, 2025, disclosing its financial results and condition for the three and twelve months ended December 31, 2024.
📋 Key Facts
- Reporting period covers three and twelve months ended December 31, 2024.
- The filing is a standard earnings release via press release (Exhibit 99.1).
- Filed on January 28, 2025.
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.30 per share of common stock.
📋 Key Facts
- Dividend amount: $0.30 per share of common stock.
- Record date: February 5, 2025.
- Payment date: February 28, 2025.
- Announcement date: January 22, 2025.
This is an amendment (8-K/A) to a previously filed 8-K. The purpose of the filing is solely to replace a press release originally furnished as Exhibit 99.1 with a corrected version.
🚩 Red Flags
- Amendment to previous filing (indicates error in the original disclosure, though specific nature of the error is not detailed in this cover sheet).
📋 Key Facts
- Filing date: November 7, 2024
- Amendment type: 8-K/A (Amendment No. 1)
- Purpose: To replace the press release dated October 29, 2024, with a corrected version.
- The original report filed on October 29, 2024, remains otherwise unaffected.
Princeton Bancorp, Inc. issued an 8-K to furnish its quarterly financial results for the three and nine months ended September 30, 2024 via a press release.
📋 Key Facts
- The filing was made on October 29, 2024.
- The report pertains to financial condition and results of operations for the periods ending September 30, 2024.
- Financial information is provided in Exhibit 99.1 (Press Release).
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.30 per share of common stock.
📋 Key Facts
- Dividend Amount: $0.30 per share of common stock.
- Declaration Date: October 22, 2024.
- Record Date: November 5, 2024.
- Payment Date: November 28, 2024.
Princeton Bancorp, Inc. has completed its acquisition of Cornerstone Financial Corporation (CFC) via a merger involving both the holding company and its subsidiary bank. The transaction includes the appointment of CFC's former Chairman to the Registrant's Board.
🚩 Red Flags
- Related-party transaction: Susan M. Barrett is entitled to a $320,362 lump sum payment from TBOP on or about September 13, 2024.
- Indemnification obligations for the former director of CFC/Cornerstone are being assumed by the Registrant.
📋 Key Facts
- Completed the 'Cornerstone Transactions' on August 23, 2024.
- CFC shareholders receive 0.24 shares of BPRN common stock for each share of CFC held.
- CFC preferred stock (Series A and C) converts to a $1,000.00 cash payment per share.
- Cornerstone Bank merged into The Bank of Princeton (TBOP).
- Susan M. Barrett elected to the Board of Directors of both BPRN and TBOP.
- CFC had ~$322.7 million in assets and ~$290.6 million in deposits as of June 30, 2024.
Princeton Bancorp, Inc. filed an 8-K to furnish its quarterly earnings press release for the three and six months ended June 30, 2024.
📋 Key Facts
- The filing was made on July 25, 2024.
- The report covers financial results for the periods ending June 30, 2024 (three and six months).
- Financial information is contained in Exhibit 99.1.
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.30 per share of common stock.
📋 Key Facts
- Dividend amount: $0.30 per share of common stock.
- Record date: August 9, 2024.
- Payment date: August 30, 2024.
Princeton Bancorp, Inc. filed an 8-K to report the effective amendment of its Articles of Incorporation as of April 29, 2024. The amendment authorizes the issuance of a new class of preferred stock.
🚩 Red Flags
- None identified. This is a standard corporate authorization for capital raising flexibility.
📋 Key Facts
- Articles of Amendment became effective on April 29, 2024.
- The amendment authorizes a new class of preferred stock consisting of 2,000,000 shares.
- The Board of Directors is empowered to issue these shares in one or more series with various rights (voting, dividend, redemption, etc.) without further shareholder approval.
- The change involved an amendment and restatement of Article Fifth of the Company's articles of incorporation.
Princeton Bancorp, Inc. filed an 8-K to furnish its quarterly press release containing financial results for the three months ended March 31, 2024.
📋 Key Facts
- The filing was made on April 25, 2024.
- The report covers financial condition and results of operations for the period ending March 31, 2024.
- The company is a bank holding company for The Bank of Princeton.
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.30 per share of common stock.
📋 Key Facts
- Dividend amount: $0.30 per share of common stock.
- Record date: May 10, 2024.
- Payment date: May 31, 2024.
Princeton Bancorp, Inc. held its 2024 Annual Meeting of Shareholders on April 23, 2024. The filing reports the results of shareholder votes regarding director elections, executive compensation, articles of incorporation amendments, and auditor ratification.
📋 Key Facts
- Annual Meeting held on April 23, 2024.
- All eight nominees for the Board of Directors were elected successfully.
- Shareholders approved an amendment to authorize a new class of 2,000,000 shares of preferred stock.
- Advisory vote to approve named executive officer compensation was approved.
- Ratification of Wolf & Company, P.C. as independent auditors for the fiscal year ending December 31, 2024, was approved.
Princeton Bancorp, Inc. issued an 8-K to furnish its financial results for the three and twelve months ended December 31, 2023. The filing serves as a formal announcement of the company's quarterly and annual performance via a press release.
📋 Key Facts
- Report date: January 25, 2024
- Reporting period: Three and twelve months ended December 31, 2023
- The filing includes financial information regarding the company's financial condition and results of operations.
- Results are provided via a press release attached as Exhibit 99.1.
Princeton Bancorp, Inc. announced a cash dividend declaration of $0.30 per share of common stock.
📋 Key Facts
- Dividend amount: $0.30 per share of common stock.
- Record date: February 9, 2024.
- Payment date: March 1, 2024.
Princeton Bancorp, Inc. has entered into a definitive merger agreement to acquire Cornerstone Financial Corporation (CFC) in an all-stock transaction. The deal is expected to close in the second or third quarter of 2024, subject to shareholder and regulatory approvals.
🚩 Red Flags
- Contingent exchange ratio based on capital/allowance levels introduces valuation uncertainty.
- Transaction subject to significant regulatory approvals (Fed, FDIC, NJ Dept of Banking and Insurance).
📋 Key Facts
- Merger Agreement signed on January 18, 2024.
- CFC shareholders will receive 0.24 shares of Princeton Bancorp (BPRN) common stock for each share held.
- Exchange ratio includes a contingent adjustment if CFC's shareholders' equity and allowance for loan losses decrease below $26.8 million compared to Sept 30, 2023 levels.
- CFC preferred stock will be exchanged for $1,000 per share in cash (totaling ~$3.34 million).
- Targeted closing window: Q2 or Q3 2024; no closing before June 1, 2024.
- Termination fee of $849,000 payable by CFC if the agreement is terminated under specific circumstances.
- CFC directors and officers have signed support agreements for ~29.6% of outstanding shares to vote in favor of the merger.
Princeton Bancorp, Inc. has entered into a definitive merger agreement to acquire Cornerstone Financial Corporation (CFC). The transaction will be executed via a registration statement on Form S-4 containing a prospectus and proxy statement.
🚩 Red Flags
- Transaction risk: Potential failure to obtain required regulatory, stockholder, or other approvals/consents.
📋 Key Facts
- Princeton Bancorp and Cornerstone Financial Corporation entered into a definitive merger agreement on January 18, 2024.
- The transaction involves the acquisition of CFC by Princeton Bancorp.
- A Form S-4 registration statement will be filed to facilitate the transaction, including a prospectus for Princeton Bancorp and a proxy statement for CFC stockholders.
- The announcement was made jointly via press release and an investor presentation.