Princeton Bancorp, Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
BPRN$44.51-0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
(Dollars in thousands, except share data)
| Years Ended December 31, 2024 and 2023 | Common stock | Paid-in Capital | Treasury Stock | Retained Earnings | Accumulated Other Comprehensive Loss | Total |
|---|---|---|---|---|---|---|
| Balance, January 1, 2023 | $34,547 | $81,291 | $(19,452) | $131,488 | $(8,273) | $219,601 |
| Net income | — | — | — | 25,765 | — | 25,765 |
| Other comprehensive loss | — | — | — | — | 779 | 779 |
| Change in accounting principle | — | — | — | (284) | — | (284) |
| Formation of Princeton Bancorp, Inc. | (34,547) | 15,095 | 19,452 | — | — | — |
| Stock options exercised (50,900 shares) | — | 989 | — | — | — | 989 |
| Dividends declared $1.20 per share | — | — | — | (7,446) | — | (7,446) |
| Dividend reinvestment plan (3,933 shares) | — | 109 | — | (109) | — | — |
| Stock-based compensation expense | — | 807 | — | — | — | 807 |
| Balance, December 31, 2023 | $— | $98,291 | $— | $149,414 | $(7,494) | $240,211 |
| Balance, January 1, 2024 | $— | $98,291 | $— | $149,414 | $(7,494) | $240,211 |
| Net income | — | — | — | 10,242 | — | 10,242 |
| Other comprehensive income | — | — | — | — | (1,447) | (1,447) |
| Treasury stock repurchases (27,500 shares) | — | — | (842) | — | (842) | |
| Stock options exercised (51,800 shares) | — | 685 | — | — | — | 685 |
| Share redemption for tax withholding on restricted stock vesting | — | (249) | — | — | — | (249) |
| Dividends declared $1.20 per share | — | — | — | (7,607) | — | (7,607) |
| Dividend reinvestment plan (4,016 shares) | — | 134 | — | (134) | — | — |
| Stock-based compensation expense | — | 1,014 | — | — | — | 1,014 |
| Acquisition of Cornerstone Financial Corporation (525,946 shares, $38.09 per share) | — | 20,033 | — | — | — | 20,033 |
| Balance, December 31, 2024 | $— | $119,908 | $(842) | $151,915 | $(8,941) | $262,040 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.