Financial institution of Princeton: This fall Earnings Snapshot

PRINCETON, N.J. (AP) _ Financial institution of Princeton (BPRN) on Thursday reported fourth-quarter web revenue of $7.2 million.

The Princeton, New Jersey-based financial institution stated it had earnings of $1.13 per share.

The outcomes surpassed Wall Avenue expectations. The common estimate of three analysts surveyed by Zacks Funding Analysis was for earnings of $1.10 per share.

The financial institution posted income of $21.5 million within the interval. Its income web of curiosity expense was $19.2 million, which fell in need of Avenue forecasts. Three analysts surveyed by Zacks anticipated $19.4 million.

For the 12 months, the corporate reported revenue of $26.5 million, or $4.11 per share. Income was reported as $72.9 million.

Financial institution of Princeton shares have climbed 3% for the reason that starting of the 12 months. Within the closing minutes of buying and selling on Thursday, shares hit $32.70, a rise of roughly 9% within the final 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Funding Analysis. Entry a Zacks stock report on BPRN at https://www.zacks.com/ap/BPRN