PARKE BANCORP, INC. ANNOUNCES INCREASE IN CASH DIVIDEND

Rhea-AI Summary

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.

Positive

• Dividend increased by $0.02 to $0.20 per share for Q2 2026
• Board approval indicates formal authorization for the Q2 cash payout

Negative

• Modest absolute payout of $0.20 per share for Q2 2026

News Market Reaction – PKBK

-1.55%

-1.55% Session close to close

In the Apr 21 session, PKBK declined 1.55%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WASHINGTON TOWNSHIP, N.J., April 21, 2026 /PRNewswire/ -- Parke Bancorp, Inc. (Nasdaq "PKBK"), announced that its Board of Directors has approved a two-cent ($0.02) increase in the cash dividend to be declared for the second fiscal quarter of 2026. As a result of this increase, the second quarter dividend will be $0.20 per share.

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. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, therefore, readers should not place undue reliance on any forward-looking statements. Parke Bancorp, Inc. does not undertake, and specifically disclaims, any obligation 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 statements.

View original content:https://www.prnewswire.com/news-releases/parke-bancorp-inc-announces-increase-in-cash-dividend-302747297.html

SOURCE Parke Bancorp, Inc.

FAQ

What dividend change did Parke Bancorp (PKBK) announce on April 21, 2026?

Parke Bancorp announced a $0.02 increase, bringing the Q2 2026 dividend to $0.20 per share. According to the company, the Board approved the cash dividend increase for the second fiscal quarter of 2026.

When will the increased Q2 2026 dividend of $0.20 for PKBK take effect?

The increase applies to the second fiscal quarter of 2026 and was Board-approved. According to the company, the Board approved the two-cent increase that results in a $0.20 per share Q2 dividend.

How does the Parke Bancorp (PKBK) dividend announcement affect shareholders?

Shareholders will receive a Q2 2026 cash dividend of $0.20 per share after the Board approval. According to the company, the two-cent increase raises the cash payout for the second fiscal quarter.

Does Parke Bancorp (PKBK) note any forward-looking cautions about the dividend?

Yes. The company cautions that forward-looking statements are subject to uncertainties and actual results may differ materially. According to the company, readers should not place undue reliance on forward-looking statements.

Where is Parke Bancorp (PKBK) headquartered and which markets does it serve?

Parke Bancorp is headquartered in Washington Township, New Jersey, and serves southern New Jersey and Philadelphia-area customers. According to the company, Parke Bank operates multiple branches across Gloucester, Atlantic, Cape May counties and Philadelphia.