PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Princeton Bancorp, Inc. (BPRN) on Thursday reported net income of $5.4 million in its first quarter.
The Princeton, New Jersey-based bank said it had earnings of 77 cents per share.
The bank posted revenue of $35.5 million in the period. Its revenue net of interest expense was $20.9 million, surpassing Street forecasts.
Princeton Bancorp shares have decreased 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.89, a fall of nearly 4% in the last 12 months.
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