Procore signs multi-year strategic collaboration agreement with AWS
PRINCETON, NJ – Princeton Bancorp, Inc. (NASDAQ:BPRN), a state commercial bank headquartered in New Jersey with a market capitalization of approximately $200 million and a notable 4.1% dividend yield, has concluded its 2025 annual meeting of shareholders on Tuesday, April 22, 2025, with several key decisions ratified by its stakeholders. According to InvestingPro data, the bank trades at a P/E ratio of 18.4 and is expected to remain profitable this year.
The meeting saw the election of eight directors to the company’s board. Richard Gillespie, Stephen Distler, Ross Wishnick, Robert Ridolfi, Judith Giacin, Stephen Shueh, Martin Tuchman, and Susan Barrett were all elected with a majority of votes. Edward Dietzler also secured a board position with significant shareholder backing.
Additionally, shareholders approved the executive compensation package, with 4,099,024 votes for, 690,496 against, and 90,749 abstentions. A significant number of broker nonvotes were recorded at 1,114,343.
The appointment of Wolf & Company, P.C. as the independent auditors for the fiscal year ending December 31, 2025, was also ratified by a substantial majority, receiving 5,908,362 votes for, 78,859 against, and only 7,393 abstentions.
In an advisory capacity, shareholders favored an annual frequency for future advisory votes on executive compensation, with 4,353,703 votes for one year, 174,693 for two years, and 273,564 for three years, accompanied by 1,192,653 abstentions and broker nonvotes.
The outcomes from the annual meeting, as detailed in the recent 8-K filing with the SEC, reflect shareholder satisfaction with the current board and executive compensation structure, as well as confidence in the appointed auditors. The preference for annual advisory votes on executive compensation aligns with a growing trend for yearly assessments in corporate governance. With the company’s next earnings report due on April 30, InvestingPro analysis indicates positive net income growth expectations, despite three analysts recently revising their earnings estimates downward.
The information reported is based on a press release statement from Princeton Bancorp, Inc. following the SEC filing. The company, incorporated in Pennsylvania, continues to operate from its principal executive offices in Princeton, New Jersey. Investors seeking deeper insights into Princeton Bancorp’s financial health and growth prospects can access additional exclusive analysis and ProTips through InvestingPro.
In other recent news, Privia Health Group, Inc. reported fourth-quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.21 compared to the estimated $0.05. The company also reported quarterly revenue of $460.9 million, surpassing the consensus forecast of $420.94 million and marking a 4.6% increase from the previous year. For the full year 2024, Privia Health’s revenue reached $1.74 billion, a 4.7% increase year-over-year, and adjusted EBITDA grew by 25.2% to $90.5 million. However, the company’s 2025 revenue guidance of $1.8-1.9 billion fell short of analysts’ expectations of $1.89 billion, citing challenges in the Medicare Advantage and value-based care sectors. Additionally, Privia Health forecasts adjusted EBITDA of $105-110 million for 2025, representing a 16.1-21.6% increase year-over-year.
Meanwhile, Princeton Bancorp, Inc., the parent company of The Bank of Princeton, announced a quarterly cash dividend of $0.30 per share, payable on May 29, 2025, to shareholders of record as of May 6, 2025. The company’s Board of Directors emphasized their commitment to providing returns to shareholders, although future dividends will depend on various factors, including financial conditions and regulatory requirements.
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