PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Declared $0.20 per share cash dividend with July 17, 2026 payment date
• Board anticipates ongoing quarterly dividends, subject to future determinations

Negative

• Future dividends may be reduced or eliminated depending on conditions
• Dividend payments subject to legal and regulatory restrictions and potential corrective actions

News Market Reaction – PKBK

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+1.43% News Effect

On the day this news was published, PKBK gained 1.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WASHINGTON TOWNSHIP, N.J., June 18, 2026 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.20 per share cash dividend, payable on July 17, 2026, to its stockholders of record as of the close of business on July 3, 2026.

The Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by the Board of Directors, which will take into account a number of factors, including the financial condition of the Company and the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Company. If paid, such dividends may be reduced or eliminated in future periods.

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999. Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey. Parke Bank conducts business through a branch office in Northfield, New Jersey, two branch offices in Washington Township, New Jersey, a branch office in Galloway Township, New Jersey, a branch office in Collingswood, New Jersey, a branch in center city Philadelphia and a branch in Chinatown in Philadelphia. Parke Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania. Parke Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). Parke Bancorp's common stock is traded on the NASDAQ Capital Market under the symbol "PKBK".

This release may contain forward-looking statements. Such forward-looking statements are subject to risks and uncertainties which may cause actual results to differ materially from those currently anticipated due to a number of factors; our ability to maintain a strong capital base; our ability to continue to pay a dividend in the future; our ability to enhance shareholder value in the future; our earnings and shareholders' equity; and the possibility of additional corrective actions or limitations on the operations of Parke Bancorp and Parke Bank being imposed by banking regulators, therefore, readers should not place undue reliance on any forward-looking statements. Parke Bancorp, Inc. does not undertake, and specifically disclaims, any obligations to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such circumstance.

View original content:https://www.prnewswire.com/news-releases/parke-bancorp-inc-announces-cash-dividend-302803548.html

SOURCE Parke Bancorp, Inc.

FAQ

What cash dividend did Parke Bancorp (PKBK) declare on June 18, 2026?

Parke Bancorp declared a $0.20 per share cash dividend. According to Parke Bancorp, the dividend is payable on July 17, 2026 to shareholders of record as of the close of business on July 3, 2026.

When is the record date and payment date for Parke Bancorp (PKBK) July 2026 dividend?

The record date is July 3, 2026, and the payment date is July 17, 2026. According to Parke Bancorp, shareholders of record on July 3 will receive the $0.20 per share cash dividend on July 17.

Will Parke Bancorp (PKBK) pay dividends quarterly after the June 2026 announcement?

The Board anticipates paying cash dividends on a quarterly basis. According to Parke Bancorp, each future dividend remains subject to Board determination, financial condition, and applicable legal and regulatory restrictions before being declared and paid.

Can Parke Bancorp (PKBK) reduce or stop its cash dividend in future periods?

Yes, future dividends may be reduced or eliminated. According to Parke Bancorp, any ongoing dividend program depends on capital strength, earnings, shareholder equity, and regulatory factors, so investors should not assume dividends will remain at current levels.

What risks to future dividends does Parke Bancorp (PKBK) highlight in its June 2026 update?

Parke Bancorp highlights risks around capital base, earnings, and regulatory actions. According to Parke Bancorp, dividend continuity depends on financial condition and the possibility of additional corrective actions or operational limitations imposed by banking regulators.

What type of banking services does Parke Bank, the subsidiary of Parke Bancorp (PKBK), provide?

Parke Bank is a full service commercial bank focused on personal and business services. According to Parke Bancorp, it serves individuals and small businesses in parts of New Jersey and Pennsylvania, with deposits insured by the FDIC up to legal limits.