The business behind the dividend
| Measure | BPRN | Median | Formula |
|---|---|---|---|
| Return on equity | 6.9% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | — | — | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $20.60m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 18.1% | 14.3% | Operating income ÷ revenue |
| Net margin | 14.3% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | — | — | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -0.1% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion, Current ratio, Debt to equity, Long-term debt to working capital, Interest cover, Owner earnings, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | Median |
|---|---|---|---|---|---|---|
| Return on equity | 6.9% | 3.9% | 10.7% | 12.1% | 10.4% | 10.4% |
| Operating margin | 18.1% | 10.4% | 30.9% | 46.0% | 42.1% | 30.9% |
| Net margin | 14.3% | 8.3% | 26.2% | 35.8% | 32.5% | 26.2% |
How it compares in banks & insurers
Among the 377 banks & insurers companies here measured on GAAP earnings, Princeton Bancorp pays out less than 84 of them. The median for that group is 30.6%, against this company’s 46.1%.
Closest on GAAP earnings
- Trustco Bank Corp N Y (TRST) 45.5%
- United Bankshares (UBSI) 45.6%
- Marketaxess Holdings (MKTX) 45.8%
- Seacoast Banking Corp of Florida (SBCF) 46.5%
Same sector and same denominator, so the figures are comparable. All 377 in banks & insurers →