Bank of Princeton: 2Q Earnings Snapshot
PRINCETON, N.J. (AP) _ Bank of Princeton (BPRN) on Thursday reported net income of $2.8 million in its second quarter.
The bank, based in Princeton, New Jersey, said it had earnings of 41 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 47 cents per share.
The bank posted revenue of $15.7 million in the period. Its revenue net of interest expense was $11.1 million, which missed Street forecasts.
Bank of Princeton shares have climbed slightly more than 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.26, a drop of 18% in the last 12 months.