The Bank of Princeton Announces Declaration of a $0 18 Quarterly Cash Dividend prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
The Bank of Princeton Announces First Quarter 2021 Results
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PRINCETON, N.J., April 22, 2021 /PRNewswire/ The Bank of Princeton (the Bank ) (NASDAQ: BPRN) today reported its unaudited results of operations and financial condition for the quarter ended March 31, 2021. The Bank reported net income of $4.9 million, or $0.70 per diluted common share, for the first quarter of 2021, compared to net income of $4.1 million, or $0.60 per diluted common share, for the fourth quarter of 2020, and net income of $3.0 million, or $0.44 per diluted common share, for the first quarter of 2020. The increase in net income, when compared to the three months ended December 31, 2020, was primarily due to a $1.2 million increase in net-interest income and a $525 thousand reduction in the provision for loan losses, partially offset by a $307 thousand decrease in non-interest income and a $349 thousand increase in non-interest expense. The increa
The Bank of Princeton Announces A 50% Increase in the Quarterly Cash Dividend prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
The Bank of Princeton Announces Stock Repurchase Program
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PRINCETON, N.J., March 9, 2021 /PRNewswire/ The Board of Directors of The Bank of Princeton (the Bank ) (NASDAQ: BPRN) today announced that it has adopted a stock repurchase program to commence on the later of April 1, 2021 or the date approval of such program is received from the New Jersey Department of Banking and Insurance. Under the stock repurchase program, management is authorized to repurchase up to 5% of the Bank s outstanding shares of common stock, with a total cost not to exceed $10.4 million. As of today, the Bank had 6,795,779 shares of common stock outstanding and five percent of such amount would be 339,788 shares. The stock repurchase program does not obligate the Bank to acquire any particular amount of common stock, and it may be limited, suspended or terminated at any time without prior notice. This program has been approved by the FDIC.
The Bank of Princeton Announces Fourth Quarter 2020 Results
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PRINCETON, N.J., Jan. 28, 2021 /PRNewswire/ The Bank of Princeton (the Bank ) (NASDAQ: BPRN) today reported its unaudited results of operations and financial condition for the quarter ended December 31, 2020. The Bank reported net income of $4.1 million, or $0.60 per diluted common share, for the fourth quarter of 2020, compared to net income of $3.5 million, or $0.52 per diluted common share, for the third quarter of 2020, and net income of $3.4 million, or $0.49 per diluted common share, for the fourth quarter of 2019. The increase in net income, when compared to the three months ended September 30, 2020, was primarily due to a $789 thousand increase in net-interest income and a $275 thousand reduction in the provision for loan losses, partially offset by a $105 thousand decrease in non-interest income and a $316 thousand increase in non-interest expense. The