Princeton Bancorp Announces Fourth Quarter 2023 Results
PRINCETON, N.J., Jan. 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter and 12 months ended December 31, 2023.
President/CEO Edward Dietzler commented on the results, "I am extremely proud of the Bank's continued strong financial performance given the industry's strong headwinds. Despite the significant impact from the interest rate environment and other industry pressures, the Bank increased loan and deposit balances while maintaining strong liquidity and good credit quality."
"In 2024, the addition of Cornerstone Bank is an in-market acquisition that adds to the Bank's central and south Jersey footprint. The Bank will continue to build on our existing valuable franchise reaching from New York to Philadelphia."
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