PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

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.

Positive

• $0.18 per share cash dividend declared, payable April 17, 2026
• Dividend record date set for April 3, 2026
• Board signals intent for quarterly dividends subject to future determinations

Negative

• Dividends may be reduced or eliminated in future periods
• Dividend payments subject to legal and regulatory restrictions

News Market Reaction – PKBK

-0.21%

1 alert

-0.21% News Effect

On the day this news was published, PKBK declined 0.21%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WASHINGTON TOWNSHIP, N.J., March 25, 2026 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on April 17, 2026, to its stockholders of record as of the close of business on April 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-302724891.html

SOURCE Parke Bancorp, Inc.

FAQ

What dividend did Parke Bancorp (PKBK) declare on March 25, 2026?

Parke Bancorp declared a $0.18 per share cash dividend payable April 17, 2026. According to Parke Bancorp, the dividend is payable to shareholders of record at the close of business April 3, 2026.

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

The record date is April 3, 2026 and the payment date is April 17, 2026. According to Parke Bancorp, shareholders on the books at close of business April 3 will receive the April 17 payment.

Will Parke Bancorp (PKBK) pay dividends quarterly going forward?

The Board anticipates paying dividends quarterly, but it will determine each payment separately. According to Parke Bancorp, future dividends remain subject to Board decisions and legal and regulatory constraints.

Could Parke Bancorp (PKBK) stop or reduce dividends in the future?

Yes, dividends may be reduced or eliminated in future periods. According to Parke Bancorp, future payments depend on financial condition and any applicable legal or regulatory restrictions.

How does Parke Bancorp (PKBK) describe factors affecting future dividend payments?

Future dividend decisions will consider the company's and bank's financial condition and regulatory limits. According to Parke Bancorp, the Board will weigh those factors before declaring any future dividends.