Exhibit 99.1

For Immediate Release

Contact George Rapp

609.454.0718

grapp@thebankofprinceton.com

Princeton Bancorp Announces

YTD & Fourth Quarter 2025 Results

Princeton, NJ, January 29, 2026 / - Princeton Bancorp, Inc. (the “Company”) (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the “Bank”), today reported its unaudited financial condition at, and its results of operations for the quarter and twelve-months ended, December 31, 2025.

President/CEO Edward Dietzler commented on the quarter results, “The Bank achieved another strong quarter, with net income of $6.1 million and diluted EPS of $0.90. These results were supported by an increase in non-interest income of over 11%, as well as a reduction in operating expenses of 8.5%, in each case compared to the third quarter of this year. These metrics also improved to a lesser extent when compared to the fourth quarter of 2024."

The Company reported net income of $6.1 million, or $0.90 per diluted common share, for the fourth quarter of 2025, compared to $6.5 million, or $0.95 per diluted common share, for the third quarter of 2025, and net income of $5.2 million, or $0.75 per diluted common share, for the fourth quarter of 2024. The decrease in net income for the fourth quarter of 2025 when compared to the third quarter of 2025 was primarily due to an increase in provision for credit losses of $774 thousand, and a decrease in net-interest income of $989 thousand, partially offset by a decrease in non-interest expense of $1.2 million, and an increase in non-interest income of $211 thousand. The increase in net income for the fourth quarter of 2025 when compared to the fourth quarter of 2024 was primarily due to an increase in net-interest income of $623 thousand, a decrease in the provision for credit losses of $338 thousand, and an increase in non-interest income of $92 thousand, partially offset by an increase of $244 thousand in income tax expense.

Review of Statements of Financial Condition

Total assets were $2.28 billion at December 31, 2025, a decrease of $57.1 million, or 2.44% when compared to $2.34 billion at the end of 2024. The primary reason for the decrease in total assets was related to a decrease in investment securities of $66.6 million, partially offset by an increase in cash and cash equivalents of $18.3 million.

Total deposits at December 31, 2025, decreased $56.4 million, or 2.78%, when compared to December 31, 2024. The decrease in the Company’s deposits consisted primarily of decreases in certificates of deposit of $45.0 million, money market deposits of $26.3 million, non-interest-bearing demand deposits of $15.0 million, and savings deposits of $3.1 million, partially offset by an increase in interest-bearing demand deposits of $33.0 million. On balance sheet liquidity remains strong at December 31, 2025 with $135.7 million in cash and cash equivalents, as well as available for sale securities and borrowing capacity .

Total stockholders’ equity at December 31, 2025, increased $8.7 million or 3.31% when compared to December 31, 2024. The increase was primarily due to an increase in retained earnings of $9.8 million (which consisted of $18.6 million in net income, partially offset by $8.8 million of cash dividends recorded during the period), an increase in paid-in capital of $3.0 million primarily due to the exercise of stock options, and a decrease in accumulated other comprehensive loss of $3.7 million due to reductions in market interest rates and in investment securities, partially offset by a $7.9 million increase in treasury stock due to our stock repurchase program. The ratio of equity to total assets at December 31, 2025, and at December 31, 2024, was 11.9% and 11.2%, respectively.

Asset Quality

At December 31, 2025, non-performing assets totaled $16.5 million, a decrease of $10.6 million when compared to the amount at December 31, 2024, primarily the result of $10.0 million in charge-offs recorded during 2025, of which $9.9 million was recorded during the second quarter of 2025.

Review of Quarterly and Year-to-Date Financial Results

Net interest income was $18.6 million for the fourth quarter of 2025, a decrease of $1.0 million over the third quarter of 2025, and an increase of $623 thousand compared to $18.0 million for the fourth quarter of 2024. The decrease in net interest income when compared with the third quarter of 2025 was primarily related to a decrease in interest income of $1.0 million, or 3.0%. The increase in net interest income when compared with the fourth quarter of 2024 was due to a $2.5 million decrease in interest expense, partially offset by a decrease in interest income of $1.9 million. The net interest margin for the fourth quarter of 2025 was 3.51%, a decrease of 26 basis points when compared to the third quarter of 2025, and an increase of 23 basis points when compared to the fourth quarter of 2024. When comparing the fourth quarter of 2025 and the third quarter of 2025 periods, the decrease in interest income and decrease in net interest margin were primarily associated with a decrease in average total investments of $20.9 million, a decrease in average loans of $15.6 million, as well as a decrease in the Company’s yield earned on interest-earning assets of 32 basis points. When comparing the fourth quarter of 2025 and fourth quarter of 2024, the $2.5 million decrease in interest expense was primarily due to the Company's cost of funds decreasing by 40 basis points and average interest-bearing deposits decreasing by $69.5 million. The decrease in interest expense was partially offset by a $1.9 million decrease in interest income caused by a decrease in average interest-earning assets of $77.2 million, and a decrease of 16 basis points in the yield earned on interest-earning assets.

The Company recorded a provision of credit losses of $102 thousand during the fourth quarter of 2025, which consisted of a $101 thousand increase recorded to the allowance of credit losses, and an increase to the provision for credit losses of $1 thousand related to unfunded commitments, which are recorded in other liabilities on the Company’s statements of financial condition. The current quarters' provision recorded on the Company’s statements of income was $774 thousand higher when compared to the reversal of credit losses for the third quarter of 2025 and was $338 thousand lower when compared to the provision for the fourth quarter of 2024. The coverage ratio of the allowance for credit losses to period end loans was 1.12% at December 31, 2025, and 1.30% at December 31, 2024.

Total non-interest income of $2.1 million for the fourth quarter of 2025 increased $211 thousand or 11.1% when compared to the third quarter of 2025 and increased $92 thousand or 4.5% when compared to the fourth quarter of 2024. The increase over the third quarter of 2025 was primarily due to an increase in other non-interest income of $595 thousand discussed below, partially offset by a decrease in loans fees of $426 thousand. The increase over the prior year’s fourth quarter was primarily due to increases in income from bank-owned life insurance of $47 thousand, an increase in fees service charges of $48 thousand, an increase in other non-interest income of $134 thousand, partially offset by a decrease in loan fees of $137 thousand. The increase in other non-interest income for the fourth quarter of 2025 was related to a net loss on an equity investment in the amount of $471 thousand recorded in the third quarter of 2025 compared to no such net loss in the fourth quarter.

Total non-interest expense of $12.7 million for the fourth quarter of 2025 decreased $1.2 million, or 8.5%, when compared to the third quarter of 2025. This decrease over the prior quarter was primarily due to decreases in salaries and employee benefits expenses of $676, professional fees of $278 thousand, data processing communications expenses of $108 thousand and federal deposit insurance expenses of $95 thousand. Total non-interest expense for the fourth quarter of 2025 decreased $44 thousand or 0.3% when compared to the fourth quarter of 2024.

For the quarter ended December 31, 2025, the Company recorded an income tax expense of $1.8 million, resulting in an effective tax rate of 23.2%, compared to an income tax expense of $1.8 million, resulting in an effective tax rate of 21.9% for the quarter ended September 30, 2025 and compared to an income tax expense of $1.6 million resulting in an effective tax rate of 23.4 % for the quarter ended December 31, 2024.

For the year ended December 31, 2025, the Company recorded net income of $18.6 million, or $2.71 per diluted common share, compared to $10.2 million, or $1.55 per diluted common share, for 2024. This increase was primarily the result of the purchase accounting adjustments recorded in 2024 reducing net income, which were related to the Cornerstone acquisition, and included merger related expenses of $7.8 million. For the year ended December 31, 2025, net interest income of $75.8 million increased $9.3 million, or 14.0%, compared to net interest income of $66.5 million for the year ended December 31, 2024. The increase from the previous year was the result of an increase in interest income of $7.6 million, or 6.2%, and a decrease in interest expense of $1.7 million, or 3.0%.

For the year ending December 31, 2025, income tax expense was $5.1 million resulting in an effective tax rate of 21.4% compared to income tax expense of $2.6 million and an effective tax rate of 20.1% for the year ended December 31, 2024.

About Princeton Bancorp, Inc. and The Bank of Princeton

Princeton Bancorp, Inc. is the holding company for The Bank of Princeton, a community bank founded in 2007. The Bank is a New Jersey state-chartered commercial bank with 28 branches in New Jersey, including three in Princeton and others in Bordentown, Browns Mills, Burlington, Chesterfield, Cherry Hill, Cream Ridge, Deptford, Fort Lee, Hamilton, Kingston, Lakewood, Lambertville, Lawrenceville, Medford, Monroe, Moorestown, New Brunswick, Palisades Park, Pennington, Piscataway, Princeton Junction, Quakerbridge, Sicklerville, Voorhees, and Woodbury. There are also five branches in the Philadelphia, Pennsylvania area and two in the New York City metropolitan area. The Bank of Princeton is a member of the Federal Deposit Insurance Corporation.

Forward-Looking Statements

The Company may from time to time make written or oral “forward-looking statements,” including statements contained in the Company’s filings with the Securities and Exchange Commission, in its reports to stockholders and in other communications by the Company (including this press release), which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended.

These forward-looking statements involve risks and uncertainties, such as statements of the Company’s plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Company’s control). The most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the potential impact of any future Federal budget stalemates in Congress, higher tariffs imposed by the Trump administration, higher inflation levels, and general economic and recessionary concerns, all of which could impact economic growth and could cause an increase in loan delinquencies, a reduction in financial transactions and business activities including decreased deposits and reduced loan originations, difficulties in managing liquidity in a rapidly changing and unpredictable market, and supply chain disruptions. Other factors that could cause actual results to differ materially from those indicated by forward-looking statements include, but are not limited to, the following factors: the global impact of foreign military conflicts; the impact of any future pandemics or other natural disasters; civil unrest, rioting, acts or threats of terrorism, or actions taken by the local, state and Federal governments in response to such events, which could impact business and economic conditions in our market

area; the strength of the United States economy in general and the strength of the local economies in which the Company and Bank conduct operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; market and monetary fluctuations; market volatility; the value of the Bank’s products and services as perceived by actual and prospective customers, including the features, pricing and quality compared to competitors’ products and services; the willingness of customers to substitute competitors’ products and services for the Bank’s products and services; credit risk associated with the Bank’s lending activities; risks relating to the real estate market and the Bank’s real estate collateral; the impact of changes in applicable laws and regulations and requirements arising out of our supervision by banking regulators; other regulatory requirements applicable to the Company and the Bank; and the timing and nature of the regulatory response to any applications filed by the Company and the Bank; technological changes; other acquisitions; changes in consumer spending and saving habits; those risks under the heading “Risk Factors” set forth in the Bank’s Annual Report on Form 10-K for the year ended December 31, 2024, and the success of the Company at managing the risks involved in the foregoing.

The Company cautions that the foregoing list of important factors is not exclusive. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company, except as required by applicable law or regulation.

Princeton Bancorp, Inc.

Consolidated Statements of Financial Condition

(Unaudited)

(Dollars in thousands, except per share data)


							December 31, 2025 vs
	December 31,			December 31,			December 31, 2024
	2025			2024			$ Change			% Change
ASSETS
Cash and cash equivalents	$	135,686		$	117,348		$	18,338			15.63	%
Securities available-for-sale taxable		140,817			207,442			(66,625	)		(32.12	)%
Securities available-for-sale tax-exempt		39,752			39,729			23			0.06	%
Securities held-to-maturity		153			161			(8	)		(4.97	)%
Loans receivable, net of deferred loan fees		1,816,416			1,818,875			(2,459	)		(0.14	)%
Allowance for credit losses		(20,325	)		(23,657	)		3,332			(14.08	)%
Goodwill		14,381			14,381			—			—
Core deposit intangible		2,776			3,632			(856	)		(23.57	)%
Other real estate owned		—			295			(295	)		(100.00	)%
Other assets		153,491			162,027			(8,536	)		(5.27	)%
TOTAL ASSETS	$	2,283,147		$	2,340,233		$	(57,086	)		(2.44	)%
LIABILITIES
Non-interest checking	$	286,013		$	300,972		$	(14,959	)		(4.97	)%
Interest checking		333,533			300,559			32,974			10.97	%
Savings		167,735			170,880			(3,145	)		(1.84	)%
Money market		464,205			490,543			(26,338	)		(5.37	)%
Time deposits over $250,000		256,929			208,858			48,071			23.02	%
Other time deposits		467,778			560,813			(93,035	)		(16.59	)%
Total deposits		1,976,193			2,032,625			(56,432	)		(2.78	)%
Borrowings		—			—			—		N/A
Other liabilities		36,242			45,568			(9,326	)		(20.47	)%
TOTAL LIABILITIES		2,012,435			2,078,193			(65,758	)		(3.16	)%
STOCKHOLDERS’ EQUITY
Paid-in capital		122,954			119,908			3,046			2.54	%
Treasury stock 1		(8,707	)		(842	)		(7,865	)		934.09	%
Retained earnings		161,730			151,915			9,815			6.46	%
Accumulated other comprehensive income (loss)		(5,265	)		(8,941	)		3,676			(41.11	)%
TOTAL STOCKHOLDERS’ EQUITY		270,712			262,040			8,672			3.31	%
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,283,147		$	2,340,233		$	(57,086	)		(2.44	)%
Book value per common share	$	40.01		$	38.07		$	1.94			5.10	%
Tangible book value per common share 2	$	37.48		$	35.45		$	2.03			5.73	%

Treasury stock repurchases commenced March 8, 2024, associated with the stock repurchase program announced August 10, 2023.

Tangible book value per common share is a non-GAAP measure.

For more information, see “Supplemental Information - Non-GAAP Financial Measures (Unaudited)” below.

Princeton Bancorp, Inc.

Loan and Deposit Tables

(Unaudited)

The components of loans receivable, net at December 31, 2025 and December 31, 2024 were as follows:


	December 31,			December 31,
	2025			2024
	(In thousands)
Commercial real estate	$	1,343,531		$	1,385,085
Commercial and industrial		76,557			92,857
Construction		209,483			257,169
Residential first-lien mortgages		163,813			68,030
Home equity / consumer		25,359			18,133
Total loans		1,818,743			1,821,274
Deferred fees and costs		(2,326	)		(2,399	)
Allowance for credit losses		(20,325	)		(23,657	)
Loans, net	$	1,796,092		$	1,795,218

The components of deposits at December 31, 2025 and December 31, 2024 were as follows:


	December 31,		December 31,
	2025		2024
	(In thousands)
Demand, non-interest-bearing	$	286,013	$	300,972
Demand, interest-bearing		333,533		300,559
Savings		167,735		170,880
Money market		464,205		490,543
Time deposits		724,707		769,671
Total deposits	$	1,976,193	$	2,032,625

Princeton Bancorp, Inc.

Consolidated Statements of Income

(Unaudited)

(Amounts in thousands except per share data)


	Three Months Ended December 31,
	2025		2024		$ Change			% Change
Interest and dividend income
Loans and fees	$	28,597	$	29,477	$	(880	)		(3.0	)%
Available-for-sale debt securities:
Taxable		1,797		2,090		(293	)		(14.0	)%
Tax-exempt		276		285		(9	)		(3.2	)%
Held-to-maturity debt securities		2		2		—			—
Other interest and dividend income		1,084		1,806		(722	)		(40.0	)%
Total interest and dividends		31,756		33,660		(1,904	)		(5.7	)%
Interest expense
Deposits		13,126		15,653		(2,527	)		(16.1	)%
Borrowings		—		—		—		N/A
Total interest expense		13,126		15,653		(2,527	)		(16.1	)%
Net interest income		18,630		18,007		623			3.5	%
Provision for credit losses		102		440		(338	)		(76.8	)%
Net interest income after provision for credit losses		18,528		17,567		961			5.5	%
Non-interest income
Income from bank-owned life insurance		528		481		47			9.8	%
Fees and service charges		575		527		48			9.1	%
Loan fees, including prepayment penalties		500		637		(137	)		(21.5	)%
Other		516		382		134			35.1	%
Total non-interest income		2,119		2,027		92			4.5	%
Non-interest expense
Salaries and employee benefits		6,417		6,518		(101	)		(1.5	)%
Occupancy and equipment		2,156		2,241		(85	)		(3.8	)%
Professional fees		789		795		(6	)		(0.8	)%
Data processing and communications		1,600		1,358		242			17.8	%
Federal deposit insurance		275		277		(2	)		(0.7	)%
Advertising and promotion		160		151		9			6.0	%
Office expense		117		157		(40	)		(25.5	)%
Other real eastate owned expense		—		14		(14	)		(100.0	)%
Core deposit intangible		200		228		(28	)		(12.3	)%
Other		1,015		1,034		(19	)		(1.8	)%
Total non-interest expense		12,729		12,773		(44	)		(0.3	)%
Income before income tax expense		7,918		6,821		1,097			16.1	%
Income tax expense		1,838		1,594		244			15.3	%
Net income	$	6,080	$	5,227	$	853			16.3	%
Net income per common share - basic	$	0.90	$	0.76	$	0.14			18.3	%
Net income per common share - diluted	$	0.90	$	0.75	$	0.15			19.7	%
Weighted average shares outstanding - basic		6,765		6,880		(115	)		(1.7	)%
Weighted average shares outstanding - diluted		6,787		6,984		(197	)		(2.8	)%

Princeton Bancorp, Inc.

Consolidated Statements of Income (Current Quarter vs Prior Quarter)

(Unaudited)

(Amounts in thousands, except per share data)


	Three Months Ended
	December 31,		September 30,
	2025		2025			$ Change			% Change
Interest and dividend income
Loans and fees	$	28,597	$	29,927		$	(1,330	)		(4.4	)%
Available-for-sale debt securities:
Taxable		1,797		2,214			(417	)		(18.8	)%
Tax-exempt		276		278			(2	)		(0.7	)%
Held-to-maturity debt securities		2		2			—			0.0	%
Other interest and dividend income		1,084		324			760			234.6	%
Total interest and dividends		31,756		32,745			(989	)		(3.0	)%
Interest expense
Deposits		13,126		13,081			45			0.3	%
Borrowings		—		45			(45	)		(100.0	)%
Total interest expense		13,126		13,126			—			0.0	%
Net interest income		18,630		19,619			(989	)		(5.0	)%
Provision for (reversal of) credit losses		102		(672	)		774			(115.2	)%
Net interest income after provision for (reversal of) credit losses		18,528		20,291			(1,763	)		(8.7	)%
Non-interest income
Income from bank-owned life insurance		528		506			22			4.3	%
Fees and service charges		575		555			20			3.6	%
Loan fees, including prepayment penalties		500		926			(426	)		(46.0	)%
Other		516		(79	)		595			(753.2	)%
Total non-interest income		2,119		1,908			211			11.1	%
Non-interest expense
Salaries and employee benefits		6,417		7,093			(676	)		(9.5	)%
Occupancy and equipment		2,156		2,146			10			0.5	%
Professional fees		789		1,067			(278	)		(26.1	)%
Data processing and communications		1,600		1,708			(108	)		(6.3	)%
Federal deposit insurance		275		370			(95	)		(25.7	)%
Advertising and promotion		160		212			(52	)		(24.5	)%
Office expense		117		113			4			3.5	%
Core deposit intangible		200		209			(9	)		(4.3	)%
Other		1,015		999			16			1.6	%
Total non-interest expense		12,729		13,917			(1,188	)		(8.5	)%
Income before income tax expense		7,918		8,282			(364	)		(4.4	)%
Income tax expense		1,838		1,816			22			1.2	%
Net income	$	6,080	$	6,466		$	(386	)		(6.0	)%
Net income per common share - basic	$	0.90	$	0.96		$	(0.06	)		(5.9	)%
Net income per common share - diluted	$	0.90	$	0.95		$	(0.05	)		(5.7	)%
Weighted average shares outstanding - basic		6,765		6,759			6			0.1	%
Weighted average shares outstanding - diluted		6,787		6,778			9			0.1	%

Princeton Bancorp, Inc.

Consolidated Statements of Income

(Unaudited)

(Amounts in thousands, except per share data)


	Year Ended
	December 31,
	2025		2024			$ Change			% Change
Interest and dividend income
Loans and fees	$	117,768	$	108,586		$	9,182			8.5	%
Available-for-sale debt securities:
Taxable		8,925		4,928			3,997			81.1	%
Tax-exempt		1,117		1,142			(25	)		(2.2	)%
Held-to-maturity debt securities		8		9			(1	)		(11.1	)%
Other interest and dividend income		2,734		8,281			(5,547	)		(67.0	)%
Total interest and dividends		130,552		122,946			7,606			6.2	%
Interest expense
Deposits		54,678		56,414			(1,736	)		(3.1	)%
Borrowings		58		—			58		N/A
Total interest expense		54,736		56,414			(1,678	)		(3.0	)%
Net interest income		75,816		66,532			9,284			14.0	%
Provision for credit losses		6,654		5,109			1,545			30.2	%
Net interest income after provision for credit losses		69,162		61,423			7,739			12.6	%
Non-Interest income
(Loss) gain on sale of securities available-for-sale, net		—		(7	)		7			(100.0	)%
Income from bank-owned life insurance		1,999		1,673			326			19.5	%
Fees and service charges		2,192		1,945			247			12.7	%
Loan fees, including prepayment penalties		2,804		3,082			(278	)		(9.0	)%
Other		1,472		1,462			10			0.7	%
Total non-interest income		8,467		8,155			312			3.8	%
Non-interest expense
Salaries and employee benefits		27,775		26,037			1,738			6.7	%
Occupancy and equipment		8,734		8,207			527			6.4	%
Professional fees		3,338		2,575			763			29.6	%
Data processing and communications		6,477		5,378			1,099			20.4	%
Federal deposit insurance		1,593		1,145			448			39.1	%
Advertising and promotion		695		630			65			10.3	%
Office expense		578		621			(43	)		(6.9	)%
Other real estate owned expense		27		14			13			92.9	%
Core deposit intangible		856		602			254			42.2	%
Merger-related expenses		—		7,803			(7,803	)		(100.0	)%
Other		3,874		3,750			124			3.3	%
Total non-interest expense		53,947		56,762			(2,815	)		(5.0	)%
Income before income tax expense		23,682		12,816			10,866			84.8	%
Income tax expense		5,071		2,574			2,497			97.0	%
Net income	$	18,611	$	10,242		$	8,369			81.7	%
Net income per common share - basic	$	2.73	$	1.57		$	1.16			73.9	%
Net income per common share - diluted	$	2.71	$	1.55		$	1.16			74.8	%
Weighted average shares outstanding - basic		6,828		6,530			298			4.6	%
Weighted average shares outstanding - diluted		6,860		6,620			240			3.6	%

Princeton Bancorp, Inc.

Consolidated Average Statement of Financial Condition

(Unaudited)

(Dollars in thousands)


	For the Three Months Ended December 31,
	2025					2024					Change in			Change in
	Average Balance		Yield/ Rate			Average Balance		Yield/ Rate			Average Balance			Yield/ Rate
Earning assets
Loans	$	1,801,913		6.30	%	$	1,821,229		6.44	%	$	(19,316	)		(0.14	)%
Securities
Taxable available-for-sale		157,363		4.57	%		175,898		4.75	%		(18,535	)		(0.18	)%
Tax-exempt available-for-sale		39,981		2.77	%		40,415		2.82	%		(434	)		(0.05	)%
Held-to-maturity		154		5.33	%		162		5.33	%		(8	)		—
Total Securities		197,498		4.20	%		216,475		4.39	%		(18,977	)		(0.19	)%
Other interest earning assets
Federal funds sold		87,963		3.83	%		128,652		4.78	%		(40,689	)		(0.95	)%
Other interest-earning assets		21,283		4.35	%		19,503		5.31	%		1,780			(0.96	)%
Other interest-earning assets		109,246		3.94	%		148,155		4.85	%		(38,909	)		(0.91	)%
Total interest-earning assets		2,108,657		5.97	%		2,185,859		6.13	%		(77,202	)		(0.16	)%
Total non-earning assets		168,225					172,357
Total assets	$	2,276,882				$	2,358,216
Interest-bearing liabilities
Checking	$	316,278		2.04	%	$	300,728		1.87	%	$	15,550			0.17	%
Savings		167,008		2.26	%		174,376		2.39	%		(7,368	)		(0.13	)%
Money market		468,642		3.09	%		489,485		3.45	%		(20,843	)		(0.36	)%
Certificates of deposit		725,795		3.77	%		782,647		4.54	%		(56,852	)		(0.77	)%
Total interest-bearing deposits		1,677,723		3.10	%		1,747,236		3.56	%		(69,513	)		(0.46	)%
Non-interest bearing deposits		293,467					300,854
Total deposits		1,971,190		2.64	%		2,048,090		3.04	%		(76,900	)		(0.40	)%
Borrowings		—	N/A				—	N/A				—		N/A
Total interest-bearing liabilities (excluding non interest deposits)		1,677,723		3.10	%		1,747,236		3.56	%		(69,513	)		(0.46	)%
Non-interest-bearing deposits		293,467					300,854
Total cost of funds		1,971,190		2.64	%		2,048,090		3.04	%		(76,900	)		(0.40	)%
Accrued expenses and other liabilities		37,721					49,069
Stockholders’ equity		267,971					261,057
Total liabilities and stockholders’ equity	$	2,276,882				$	2,358,216
Net interest spread				2.87	%				2.56	%
Net interest margin				3.51	%				3.28	%
Net interest margin (FTE) 1, 2				3.54	%				3.32	%

Includes federal and state tax effect of tax-exempt securities and loans.

This is a non-GAAP financial measure. For more information, see “Supplemental Information - Non-GAAP Financial Measures (Unaudited)” below.

Princeton Bancorp, Inc.

Consolidated Average Statement of Financial Condition

(Unaudited)

(Dollars in thousands)


	For the Year Ended December 31,
	2025					2024					Change in			Change in
	Average Balance		Yield/ Rate			Average Balance		Yield/ Rate			Average Balance			Yield/ Rate
Earning assets
Loans	$	1,829,038		6.44	%	$	1,663,013		6.53	%	$	166,025			(0.09	)%
Securities
Taxable available-for-sale		183,722		4.86	%		109,145		4.51	%		74,577			0.35	%
Tax-exempt available-for-sale		39,562		2.82	%		40,239		2.84	%		(677	)		(0.02	)%
Held-to-maturity		157		5.33	%		169		5.27	%		(12	)		0.06	%
Securities		223,441		4.50	%		149,553		4.06	%		73,888			0.44	%
Other interest earning assets
Federal funds sold		47,855		4.14	%		136,281		5.27	%		(88,426	)		(1.13	)%
Other interest-earning assets		16,068		4.68	%		19,337		5.65	%		(3,269	)		(0.97	)%
Other interest-earning assets		63,923		4.28	%		155,618		5.32	%		(91,695	)		(1.04	)%
Total interest-earning assets		2,116,402		6.17	%		1,968,184		6.25	%		148,218			(0.08	)%
Total non-earning assets		168,805					151,600
Total assets	$	2,285,207				$	2,119,784
Interest-bearing liabilities
Checking	$	313,269		2.01	%	$	258,462		1.91	%	$	54,807			0.10	%
Savings		169,486		2.28	%		157,538		2.52	%		11,948			(0.24	)%
Money market		469,061		3.12	%		421,934		3.79	%		47,127			(0.67	)%
Certificates of deposit		735,427		4.06	%		724,060		4.35	%		11,367			(0.29	)%
Total interest-bearing deposits		1,687,243		3.24	%		1,561,994		3.61	%		125,249			(0.37	)%
Non-interest bearing deposits		291,084					264,418
Total deposits		1,978,327		2.76	%		1,826,412		3.09	%		151,915			(0.33	)%
Borrowings		1,262		4.59	%		—		—			1,262		N/A
Total interest-bearing liabilities (excluding non interest deposits)		1,688,505		3.24	%		1,561,994		3.61	%		126,511			(0.37	)%
Non-interest-bearing deposits		291,084					264,418
Total cost of funds		1,979,589		2.76	%		1,826,412		3.09	%		153,177			(0.33	)%
Accrued expenses and other liabilities		40,619					43,955
Stockholders’ equity		264,999					249,417
Total liabilities and stockholders’ equity	$	2,285,207				$	2,119,784
Net interest spread				2.93	%				2.64	%
Net interest margin				3.58	%				3.38	%
Net interest margin (FTE) 1, 2				3.62	%				3.42	%

Includes federal and state tax effect of tax-exempt securities and loans.

This is a non-GAAP financial measure. For more information, see “Supplemental Information - Non-GAAP Financial Measures (Unaudited)” below.

Princeton Bancorp, Inc.

Consolidated Average Statement of Financial Condition

(Unaudited)

(Dollars in thousands)


	For the Three Months Ended
	December 31, 2025					September 30, 2025					Change in			Change in
	Average Balance		Yield/ Rate			Average Balance		Yield/ Rate			Average Balance			Yield/ Rate
Earning assets
Loans	$	1,801,913		6.30	%	$	1,817,551		6.53	%	$	(15,638	)		(0.23	)%
Securities

Princeton Bancorp, Inc. 8-K