The Bank of Princeton (BPRN) Bundle
A Brief History of The Bank of Princeton (BPRN)
Company Overview
The Bank of Princeton (BPRN) is a bank headquartered in Princeton, New Jersey. As of December 31, 2023, the bank had total assets of $2.3 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.3 billion |
| Total Deposits | $1.9 billion |
| Net Income | $24.6 million |
| Earnings Per Share | $2.87 |
Stock Performance
As of February 2024, BPRN trades on the NASDAQ with the following characteristics:
- Stock Price: $34.55
- Market Capitalization: $394 million
- Price to Earnings Ratio: 12.3
Branch Network
The Bank of Princeton operates 22 branch locations across New Jersey, primarily in Mercer, Somerset, Middlesex, and Monmouth counties.
Regulatory Status
The bank is regulated by the Federal Deposit Insurance Corporation (FDIC) and the New Jersey Department of Banking and Insurance.
A Who Owns The Bank of Princeton (BPRN)
Major Shareholders
According to the latest SEC filings, the ownership of The Bank of Princeton (BPRN) is distributed as follows:
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| BlackRock Inc. | 572,396 | 9.82% |
| The Vanguard Group, Inc. | 426,840 | 7.32% |
| Wellington Management Company LLP | 382,154 | 6.55% |
| Dimensional Fund Advisors LP | 331,669 | 5.69% |
Insider Ownership
Key insider ownership details:
- Total insider ownership: 3.6%
- Number of institutional investors: 127
- Percent of institutional ownership: 64.8%
Executive Ownership
| Executive | Position | Shares Owned |
|---|---|---|
| Edward J. Teplow | Chairman | 214,392 |
| Gregory G. Schaefer | President & CEO | 156,873 |
Public Float
Total public float: 5,824,000 shares
Ownership Concentration
- Top 5 shareholders control: 29.38% of outstanding shares
- Remaining shares distributed among various institutional and retail investors
The Bank of Princeton (BPRN) Mission Statement
Company Overview
The Bank of Princeton (NASDAQ: BPRN) is a community bank headquartered in Princeton, New Jersey, with total assets of $2.58 billion as of December 31, 2023.
Mission Statement Components
- Provide personalized financial services to local communities
- Support small to medium-sized businesses in New Jersey and Pennsylvania
- Deliver comprehensive banking solutions with relationship-driven approach
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Assets | $2.58 billion |
| Net Income | $26.4 million |
| Return on Equity | 10.2% |
| Loan Portfolio | $1.92 billion |
| Deposits | $2.23 billion |
Geographic Presence
Operates 19 branch locations across New Jersey and Pennsylvania as of 2024.
Core Banking Services
- Commercial lending
- Small business banking
- Personal banking
- Wealth management
- Online and mobile banking
Strategic Focus Areas
Primary objectives include maintaining strong capital position, expanding commercial lending, and enhancing digital banking capabilities.
How The Bank of Princeton (BPRN) Works
Company Overview
The Bank of Princeton (BPRN) is a community bank headquartered in Princeton, New Jersey. As of December 31, 2023, the bank reported total assets of $2.45 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.45 billion |
| Total Deposits | $2.01 billion |
| Net Income | $33.2 million |
| Tier 1 Capital Ratio | 13.45% |
Branch Network
The Bank of Princeton operates 20 full-service branches across New Jersey and Pennsylvania.
Product Offerings
- Commercial Banking
- Personal Banking
- Small Business Loans
- Personal Checking Accounts
- Savings Accounts
- Online and Mobile Banking Services
Stock Performance
As of January 2024, BPRN trades on the NASDAQ with a stock price of $26.45 per share.
Geographic Presence
| State | Number of Branches |
|---|---|
| New Jersey | 15 |
| Pennsylvania | 5 |
Loan Portfolio
| Loan Type | Total Value |
|---|---|
| Commercial Real Estate | $1.2 billion |
| Commercial & Industrial Loans | $380 million |
| Residential Mortgages | $425 million |
How The Bank of Princeton (BPRN) Makes Money
Interest Income
As of Q4 2023, The Bank of Princeton generated $72.4 million in net interest income. The bank's loan portfolio breakdown includes:
| Commercial Real Estate Loans | $1.28 billion |
| Commercial & Industrial Loans | $348.6 million |
| Residential Real Estate Loans | $421.3 million |
| Consumer Loans | $87.2 million |
Non-Interest Income
The bank generates additional revenue through:
- Service charges on deposit accounts: $5.7 million
- Wealth management fees: $3.2 million
- Mortgage banking income: $2.9 million
- Other fees: $1.6 million
Geographic Revenue Breakdown
| New Jersey Operations | 62% of total revenue |
| Pennsylvania Operations | 28% of total revenue |
| Delaware Operations | 10% of total revenue |
Financial Performance
Key financial metrics for 2023:
- Total assets: $3.92 billion
- Total deposits: $3.41 billion
- Net income: $47.3 million
- Net interest margin: 3.45%
Revenue Streams
| Interest Income | $98.6 million |
| Non-Interest Income | $13.4 million |
| Total Operating Revenue | $112 million |
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