Princeton Bancorp Inc., the holding company for The Bank of Princeton, has announced its unaudited financial results for the second quarter of 2025. The company reported a net income of $688,000 for this quarter, or $0.10 per diluted common share, a significant decrease compared to $5.4 million or $0.77 per diluted common share from the first quarter of 2025, and $5.1 million or $0.80 per diluted common share for the same quarter in 2024. The decline in net income for the second quarter of 2025 compared to the first quarter of 2025 was mainly attributed to an increase in the provision for credit losses by $6.7 million. However, this was partially offset by a $283,000 reduction in non-interest expense, a $53,000 rise in net-interest income, a $61,000 increase in non-interest income, and a $1.6 million decrease in income tax expense. Comparing the second quarter of 2025 to the same period in 2024, the company experienced a $2.8 million increase in net-interest income, driven by a growth in average interest-earning assets amounting to $261.2 million, along with a 32 basis points decline in the Bank's cost of funds. These positive developments were partially counterbalanced by an increase in average interest-bearing deposits by $213.9 million and a 16 basis points reduction in the yield on interest-earning assets. Total non-interest income for the second quarter of 2025 stood at $2.3 million, reflecting a $61,000 or 2.8% increase from the first quarter of 2025 and a $164,000 or 7.9% rise from the second quarter of 2024. The growth in non-interest income compared to the first quarter of 2025 was due to increases in fees and service charges, loan fees, and income from bank-owned life insurance, despite a decrease in other non-interest income. Compared to the second quarter of 2024, the rise was primarily due to higher other non-interest income and income from bank-owned life insurance, though partially offset by a decrease in loan fees. The company repurchased 173,000 shares of its common stock at an average price of $31.14 as part of its share repurchase program. Looking ahead, Princeton Bancorp expects stronger earnings in the second half of 2025.