Welcome to our dedicated page for Parke Bancorp news (Ticker: PKBK), a resource for investors and traders seeking the latest updates and insights on Parke Bancorp stock.
Parke Bancorp, Inc. reports recurring developments as the bank holding company for Parke Bank, a full-service commercial bank serving individuals and small businesses primarily in southern New Jersey and the Philadelphia area. Company news centers on quarterly earnings, loan and deposit trends, net interest income and margin, interest expense, provision for credit losses, and the mix of deposits and borrowings.
Updates also cover cash dividend declarations and changes to the dividend rate, with Board determinations tied to the financial condition of the company and the bank and applicable banking restrictions. Parke Bank operates through branches in New Jersey and Philadelphia, and its deposits are insured by the FDIC up to legal limits.
Parke Bancorp (NASDAQ: PKBK) reported Q2 2026 net income available to common shareholders of $12.2 million, up 47.8% year over year, with diluted EPS of $1.03 versus $0.69 in Q2 2025. Net interest income rose 28.8% to $23.0 million, driven by higher loan yields and lower funding costs.
For the first half of 2026, net income available to common shareholders increased 50.0% to $24.1 million, or $2.02 diluted EPS. Net interest margin for Q2 2026 was 4.17%, and for the first six months improved from 3.32% in 2025, while the efficiency ratio improved to 30.16%. Total assets reached $2.30 billion, equity rose 6.6% to $346.1 million, and nonperforming loans fell to $5.4 million (0.27% of total loans), contributing to nonperforming assets of 0.53% of total assets. Total deposits were stable at $1.76 billion, with modest growth in interest-bearing and brokered deposits.
Parke Bancorp (NASDAQ: PKBK) declared a $0.20 per share cash dividend, payable July 17, 2026, to shareholders of record on July 3, 2026.
The Board anticipates paying dividends on a quarterly basis, but future payments may be reduced or eliminated depending on financial condition and regulatory factors.
Parke Bancorp (NASDAQ: PKBK) authorized a stock repurchase program allowing buybacks of up to 5% of its common stock over the next twelve months, unless completed sooner or extended.
Open market purchases are expected to follow Rule 10b-18 and will depend on price, regulatory requirements and market conditions.
Parke Bancorp (Nasdaq: PKBK) announced its Board approved a $0.02 increase in the cash dividend for the second fiscal quarter of 2026, raising the dividend to $0.20 per share.
The increase will apply to the Q2 2026 dividend and follows the company’s regular dividend-distribution practice.
Parke Bancorp (NASDAQ: PKBK) reported strong Q1 2026 results for the quarter ended March 31, 2026, with net income $11.8 million and diluted EPS of $0.99. Key profitability metrics improved: ROAA 2.19%, ROAE 14.47%, and NIM 4.17%. Net interest income rose to $22.1 million (+33.3% YoY).
Assets were $2.21 billion; loans increased modestly while deposits fell to $1.70 billion. Management cited loan yield growth, tight expense control (Efficiency Ratio 31.39%), and adequate capital and liquidity.
Parke Bancorp (NASDAQ: PKBK) declared a $0.18 per share cash dividend, payable April 17, 2026, to shareholders of record at the close of business April 3, 2026.
The Board said it anticipates quarterly dividends subject to future Board determinations and applicable legal and regulatory restrictions; dividends may be reduced or eliminated.
Parke Bancorp (NASDAQ:PKBK) reported fourth-quarter and full-year 2025 results for the period ended December 31, 2025. Q4 net income was $11.1 million ($0.93 diluted), up versus Q4 2024, driven by a 39.7% increase in net interest income to $21.8 million. Fiscal 2025 net income was $37.8 million ($3.16 diluted), up 37.3% year-over-year. Total assets rose to $2.25 billion, gross loans to $2.04 billion (+8.9% YoY), and total deposits to $1.80 billion (+7.8% YoY). Provision for credit losses increased to $2.5 million for 2025 and non-interest income declined 20.8% year-over-year.
Parke Bancorp (NASDAQ: PKBK) declared a $0.18 per share cash dividend, payable on January 16, 2026 to shareholders of record at the close of business on January 2, 2026.
The Board said it anticipates paying cash dividends on a quarterly basis going forward, but future payments will depend on the company and bank's financial condition and any legal or regulatory restrictions; dividends may be reduced or eliminated in future periods.
Parke Bancorp (NASDAQ: PKBK) reported third quarter 2025 results with net income of $10.6M for Q3, up 41.6% year-over-year and $26.7M for the nine months, up 32.7% year-over-year. Net interest income rose to $20.2M for Q3 (up 37.0% YoY) and $54.6M for nine months (up 26.8% YoY), driven by higher loan yields and loan growth.
Key balance-sheet items: total assets $2.17B, gross loans $1.96B, total deposits $1.75B. Management highlighted an improved efficiency ratio 35.68% and the repayment of $30.0M subordinated debt.
Parke Bancorp (NASDAQ: PKBK) has declared a quarterly cash dividend of $0.18 per share, payable on October 17, 2025, to stockholders of record as of October 3, 2025.
The company operates through Parke Bank, which maintains branches across New Jersey and Philadelphia, focusing on personal and business financial services in Gloucester, Atlantic, Cape May counties in New Jersey, and Philadelphia area. The bank's deposits are FDIC-insured, and its stock trades on the NASDAQ Capital Market.