The Bank of Princeton announced unaudited earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported interest income was $11,218,000 against $10,590,000 for the same period a year ago. Net interest income was $9,520,000 against $8,776,000 for the same period a year ago. Net interest income after provision was $8,649,000 against $8,179,000 for the same period a year ago. Income before income taxes was $3,672,000 against $3,379,000 for the same period a year ago. Net income was $2,734,000 or $0.56 diluted earnings per common share against $2,635,000 or $ 0.56 diluted earnings per common share for the same period a year ago. Increase in net interest income was offset by a $0.1 million decrease in non-interest income and a $0.1 million increase in non-interest expense compared to the same period of the prior year.


For the year, the company reported interest income was $43,221,000 against $40,567,000 for the same period a year ago. Net interest income was $36,384,000 against $33,410,000 for the same period a year ago. Net interest income after provision was $34,480,000 against $31,830,000 for the same period a year ago. Income before income taxes was $14,707,000 against $12,169,000 for the same period a year ago. Net income was $11,005,000 or $2.30 diluted earnings per common share against $9,001,000 or $1.92 diluted earnings per common share for the same period a year ago. Book value per common share was $19.51 against $17.13 for the same period a year ago.