Princeton Bancorp (NASDAQ:BPRN) Full Year 2024 Results

Key Financial Results

• Revenue: US$69.6m (flat on FY 2023).
• Net income: US$10.2m (down 60% from FY 2023).
• Profit margin: 15% (down from 37% in FY 2023).
• EPS: US$1.57 (down from US$4.10 in FY 2023).

BPRN Banking Performance Indicators

• Net interest margin (NIM): 3.38% (down from 3.93% in FY 2023).
• Non-performing loans: 1.47% (up from 0.43% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Princeton Bancorp Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) also missed analyst estimates by 14%.

In the last 12 months, the only revenue segment was Community Banking Operations contributing US$69.6m. The largest operating expense was General & Administrative costs, amounting to US$43.1m (73% of total expenses). Explore how BPRN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US.

The company's shares are down 7.2% from a week ago.

Risk Analysis

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.