Parke Bancorp

Parke Bancorp, Inc. operates as a bank holding company for Parke Bank. Parke Bank is a service commercial bank, which provides personal and business financial services to individuals and small-sized businesses. Its commercial loan products include residential and commercial real estate construction loans, working capital loans and lines of credit, demand, term and time loans, equipment, inventory and accounts receivable financing, fixed rate second mortgages, and new and used auto loans as well as overdraft protection. The bank also offers contemporary products and services, such as debit cards, Internet banking and online bill payment. The company was founded in January 2005 and is headquartered in Sewell, NJ.

Earnings data Q2 2024

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Parke Bancorp, Inc. is a holding company, which engages in the provision of community banking. The company was founded in January 2005 and is headquartered in Sewell, NJ.

Highlights: Net Income: $6.1 million for Q1 2024 Revenue: $30.5 million for Q1 2024 Total Assets:  $2.01 billion,  decreased 0.7% from December 31, 2023 Total Loans:  $1.79 billion,  decreased 0.1% over December 31, 2023 Total Deposits: $1.56 billion,  increased 0.7% from December 31, 2023   WASHINGTON TOWNSHIP, N.J. , April 19, 2024 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2024.

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS

WASHINGTON TOWNSHIP, N.J., March 20, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on April 19, 2024, to its stockholders of record as of the close of business on April 5, 2024.

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Highlights: Net Income: $8.2 million for Q4 2023 Revenue: $31.8 million for Q4 2023 Total Assets:  $2.02 billion,  increased 1.9% from December 31, 2022 Total Loans:  $1.79 billion,  increased 2.0% from December 31, 2022 Total Deposits: $1.55 billion,  decreased 1.5% from December 31, 2022 WASHINGTON TOWNSHIP, N.J. , Jan. 24, 2024  Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank (the "Bank"), announced its operating results for the quarter ended December 31, 2023.

PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2023 EARNINGS

Parke Bancorp is a small but stable bank with a market capitalization of $207.9 million. The bank has successfully reduced debt and is experiencing growth in deposits. Despite high exposure to uninsured deposits, the bank is still considered a solid buy due to its attractive valuation and overall track record.

Parke Bancorp Makes For A Fantastic Place To Park Your Money

Take Parke Bancorp PKBK, -1.68%, a Washington Township, N.J. bank that focuses on the Southern New Jersey and Philadelphia area.

This bank that serves cannabis customers had most of its profit wiped out by a robbery.

Highlights: Net Income: $1.0 million for Q3 2023 Revenue: $30.9 million for Q3 2023, increased 6.92% over Q2 2023 Total Assets:  $1.98 billion,  decreased 0.1% from December 31, 2022 Total Loans:  $1.80 billion,  increased 2.8% over December 31, 2022 Total Deposits: $1.53 billion,  decreased 2.7% from December 31, 2022 WASHINGTON TOWNSHIP, N.J. , Oct. 25, 2023 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the three and nine months ended September 30, 2023.

PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2023 EARNINGS

WASHINGTON TOWNSHIP, N.J. , Sept. 28, 2023 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK)  – is pleased to announce Parke Bank has been named to the Bank Director's Ranking Banking: The Best U.S. Banks 2023 as one of the Top 20 performing banks across the nation amongst its peer group ($1 billion to $5 billion).

Parke Bank Named One of the Top 20 Community Banks by Bank Director

Parke Bancorp, Inc.'s Q2 results show a decrease in net interest income and an increase in net non-interest expenses. The bank reported a pre-tax and pre-provision income of just over $11M in Q2. The bank's loan book remains robust, with the majority consisting of residential real estate loans.

Parke Bancorp: Trading At A 20% Discount To Tangible Book Value

Highlights: Net Income: $8.1 million Revenue: $28.9 million for Q2 2023 Total Assets:  $1.98 billion,  decreased 0.1% over December 31, 2022 Total Loans:  $1.79 billion,  increased 2.0% over December 31, 2022 Total Deposits: $1.45 billion,  decreased 8.2% over December 31, 2022   WASHINGTON TOWNSHIP, N.J. , July 26, 2023 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the three and six months ended June 30, 2023.

PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2023 EARNINGS

Highlights: Net Income: $11.1 million Revenue: $27.8 million for Q1 2023 Total Assets:  $1.96 billion,  decreased 1.0% over December 31, 2022 Total Loans:  $1.76 billion,  increased 0.6% over December 31, 2022 Total Deposits: $1.46 billion,  decreased 7.1% over December 31, 2022   WASHINGTON TOWNSHIP, N.J. , April 24, 2023 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2023.

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2023 EARNINGS

Highlights: Net Income: $10.4 million for Q4 2022 Revenue: $26.8 million for Q4 2022 Total Assets: $1.98 billion, decreased 7.1% over December 31, 2021 Total Loans: $1.75 billion, increased 18.0% over December 31, 2021 Total Deposits: $1.58 billion, decreased 10.9% over December 31, 2021   WASHINGTON TOWNSHIP, N.J. , Jan. 18, 2023 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank (the "Bank"), announced its operating results for the quarter ended December 31, 2022.

PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS

Parke Bancorp is active in New Jersey, where its loan portfolio is mainly focusing on real estate. The amount of non-accruing loans has increased, and the market would likely want to see how Parke will deal with that.

Parke Bancorp: Trading At Just 6 Times Earnings And No Premium To Book

Highlights: Net Income: $10.5 million Revenue: $24.4 million for Q3 2022 Total Assets:  $1.92 billion,  decreased 10.0% over December 31, 2021 Total Loans:  $1.68 billion,  increased 13.1% over December 31, 2021 Total Deposits: $1.54 billion,  decreased 13.2% over December 31, 2021 WASHINGTON TOWNSHIP, N.J. , Oct. 19, 2022 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended September 30, 2022.

PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2022 EARNINGS

Parke Bancorp pays a 3% dividend yield while you wait for shares to appreciate. The company is issuing more loans and should benefit from higher rates by seeing its net interest margins spread.

Parke Bancorp: Getting Paid

Highlights: Net Income: $10.7 million Revenue: $23.0 million for Q2 2022 Total Assets: $1.99 billion, decreased 6.8% over December 31, 2021 Total Loans: $1.55 billion, increased 4.3% over December 31, 2021 Total Deposits: $1.61 billion, decreased 9.2% over December 31, 2021 WASHINGTON TOWNSHIP, N.J. , July 20, 2022 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended June 30, 2022.

PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2022 EARNINGS

Parke Bancorp is a small bank in New Jersey, mainly focusing on a residential real estate heavy loan book. The total amount of loans past due increased substantially in Q1, but this is related to a CRE loan and there shouldn't be heavy losses.

Parke Bancorp: Offering A 3% Dividend Yield With A 20% Payout Ratio

Highlights: Net Income:  $10.1 million Revenue: $21.7 million for Q1 2022 Total Assets:  $2.05 billion, decreased 3.9% over December 31, 2021 Total Loans:  $1.50 billion, increased 0.7% over December 31, 2021 Total Deposits:  $1.68 billion, decreased 5.2% over December 31, 2021 WASHINGTON TOWNSHIP, N.J., April 19, 2022 /PRNewswire/ -- - Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2022.

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2022 EARNINGS

Parke Bancorp: Under The RadaWith $1.57 billion in total assets, Parke Bancorp consistently generated superior shareholder value over the last five years. r Gem

Parke Bancorp: Under The Radar Gem

WASHINGTON TOWNSHIP, N.J., Oct. 20, 2021 /PRNewswire/ -- Highlights: Net Income: $10.5 million Revenue: $22.8 million for Q3 2021 Total Assets:  $2.16 billion,  increased 3.7% over December 31, 2020 Total Loans:  $1.47 billion,  decreased 5.9% over December 31, 2020 Total Deposits: $1.78 billion,  increased 11.9% over December 31, 2020 Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended  September 30, 2021.

Parke Bancorp, Inc. Announces Third Quarter Earnings

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The stock has moved sideways as interest rates have fallen. Pays you a 3% dividend yield to wait.

Parke Bancorp: One Of The Most Efficient Banks You Will Find

WASHINGTON TOWNSHIP, N.J., July 21, 2021 /PRNewswire/ --  Highlights: Net Income: $10.8 million Revenue: $23.5 million for Q2 2021 Total Assets:  $2.10 billion,  increased 1.1% over December 31, 2020 Total Loans:  $1.52 billion,  decreased 3.0% over December 31, 2020 Total Deposits: $1.72 billion,  increased 8.3% over December 31, 2020 Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended  June 30, 2021.

Parke Bancorp, Inc. Announces Second Quarter Earnings

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WASHINGTON TOWNSHIP, N.J., April 22, 2021 /PRNewswire/ -- Highlights: Net Income: $9.4 million, Q1 results also reflected a $500,000 loan loss provision Revenue: $22.8 million for Q1 2021 Total Assets:  $2.10 billion,  increased 1.2% over December 31, 2020 Total Loans:  $1.55 billion,  decreased 1.1% over December 31, 2020 Total Deposits: $1.73 billion,  increased 8.7% over December 31, 2020 Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended  March 31, 2021.

Parke Bancorp, Inc. Announces Record First Quarter 2021 Earnings

Parke Bancorp saw its loans past due increase, but the bank seems to have a good grip on the situation as loan loss provisions remain high. Trading at just over 8X earnings and at 1.2X the book value, Parke Bancorp is trading at very attractive levels.

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