Princeton Bancorp (BPRN) Q3 Earnings Meet Estimates

Company Performance - Princeton Bancorp reported quarterly earnings of $0.63 per share, matching the Zacks Consensus Estimate, but down from$1.02 per share a year ago [1] - The bank's revenues for the quarter ended September 2024 were $19.17 million, slightly missing the Zacks Consensus Estimate by 0.70$19.09 million year-over-year [2] - The company has surpassed consensus EPS estimates three times in the last four quarters [1] Market Comparison - Princeton Bancorp shares have increased by approximately 1.1% since the beginning of the year, in contrast to the S&P 500's gain of 22.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.83 on revenues of$21.1 million, and for the current fiscal year, it is $2.94 on revenues of$75.9 million [7] - The estimate revisions trend for Princeton Bancorp is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Banks - Northeast industry, to which Princeton Bancorp belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable industry outlook [8]