Princeton Bancorp (BPRN) investor relations material

Executive summary

• Net income for Q2 2026 was $7.1 million ($1.04 per diluted share), up from $688 thousand ($0.10 per share) in Q2 2025 and $6.2 million ($0.91 per share) in Q1 2026, driven by lower credit loss provisions and higher net interest income.

• For the six months ended June 30, 2026, net income was $13.3 million ($1.95 per diluted share), more than double the $6.1 million ($0.88 per share) from the prior year period.

• Performance was driven by higher net interest income, improved net interest margin, and a significant reversal of credit losses.

• Total assets decreased 1.49% to $2.25 billion from December 31, 2025, mainly due to lower cash and loans, partially offset by higher investment securities.

Financial highlights

• Net interest income for Q2 2026 rose to $20.0 million, up $1.2 million year-over-year and 6.3% sequentially; for the six months, it was $38.9 million, up $1.3 million.

• Net interest margin rose to 3.86% in Q2 2026, up 23 basis points from Q1 2026 and 32 basis points year-over-year.

• Provision for credit losses reversed by $353 thousand in Q2 2026, compared to a $7.0 million provision in Q2 2025.

• Non-interest income increased 8.2% to $2.4 million in Q2 2026; non-interest expense rose 1.0% year-over-year and 1.7% sequentially.

• Total deposits declined 2.05% to $1.94 billion at June 30, 2026, mainly due to a strategic reduction in certificates of deposit; uninsured deposits totaled $666 million.

Outlook and guidance

• Management expects continued economic uncertainty, with risks tied to inflation, labor markets, and monetary policy adjustments.

• Liquidity and capital positions are considered strong, with ample borrowing capacity and no outstanding borrowings.

• Management highlighted continued execution of strategic priorities and franchise resilience.

• Liquidity remains strong, and the deposit mix shift is expected to reduce funding costs.