PRINCETON, N.J. (AP) _ Bank of Princeton (BPRN) on Thursday reported fourth-quarter net income of $7.2 million.

The Princeton, New Jersey-based bank said it had earnings of $1.13 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The bank posted revenue of $21.5 million in the period. Its revenue net of interest expense was $19.2 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $19.4 million.

For the year, the company reported profit of $26.5 million, or $4.11 per share. Revenue was reported as $72.9 million.

Bank of Princeton shares have climbed 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.70, an increase of roughly 9% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BPRN at https://www.zacks.com/ap/BPRN

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