PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2026 EARNINGS

Higher net interest income and lower quarterly operating expenses accompanied increased credit-loss provisions and borrowings.

Rhea-AI Summary

Parke Bancorp (NASDAQ: PKBK) reported third-quarter 2026 net income available to common shareholders of $12.2 million, up 14.5% year over year. Diluted earnings per share rose to $1.02 from $0.89. Net interest income increased 14.2% to $23.0 million, while non-interest expense fell 5.4% to $6.8 million. Credit-loss provisions rose to $968,000 from $364,000.

Nine-month net income increased 35.9% to $36.2 million, with diluted earnings per share of $3.04 versus $2.23. Year-to-date net interest margin widened to 4.15% from 3.49% a year earlier. At September 30, assets totaled $2.33 billion and gross loans reached $2.10 billion. Compared with year-end 2025, nonperforming loans fell 46.2% to $5.8 million, but foreclosed real estate increased to $7.2 million from $2.8 million. Deposits rose 1.0% to $1.78 billion, borrowings increased $35.0 million to $178.4 million, and equity grew 9.7% to $356.1 million.

20 points · 0 major

PositiveiHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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Positive

• Moderate pointQ3 net income available to common shareholders increased 14.5% to $12.2 million year over year.
• Moderate pointQ3 revenue increased 6.1% to $39.6 million year over year.
• Moderate pointNet interest income rose 14.2% to $23.0 million in Q3 and 24.8% to $68.2 million over nine months.
• Moderate pointYear-to-date net interest margin, the lending spread after funding costs, widened to 4.15% from 3.49% a year earlier.
• Moderate pointInterest expense fell 4.3% to $15.6 million in Q3 and 9.6% to $45.9 million over nine months.
• Moderate pointQ3 non-interest expense decreased 5.4% to $6.8 million year over year.
• Moderate pointTotal assets increased 3.7% to $2.33 billion from year-end 2025.
• Moderate pointGross loans increased 3.0% to $2.10 billion from year-end 2025.
• Moderate pointNonperforming loans fell 46.2% to $5.8 million, or 0.28% of loans, from year-end 2025.
• Moderate pointTotal deposits increased 1.0% to $1.78 billion, driven by $36.9 million more brokered deposits since year-end 2025.
• Moderate pointShareholders' equity increased 9.7% to $356.1 million from year-end 2025.

9 minor points

• Minor pointQ3 diluted earnings per share rose to $1.02 from $0.89; basic earnings rose to $1.04 from $0.90.
• Minor pointNine-month net income available to common shareholders increased 35.9% to $36.2 million year over year.
• Minor pointNine-month diluted earnings rose to $3.04 from $2.23; basic earnings rose to $3.09 from $2.26.
• Minor pointNon-interest income rose 14.2% to $1.0 million in Q3 and 8.6% to $2.7 million over nine months.
• Minor pointNine-month credit-loss provisions decreased to $1.846 million from $1.938 million a year earlier.
• Minor pointCash and cash equivalents increased to $168.7 million from $156.9 million at year-end 2025.
• Minor pointNonperforming assets declined to 0.56% of total assets from 0.61% at year-end 2025.
• Minor pointLoans past due 30–89 days decreased $1.1 million to $2.4 million from year-end 2025.
• Minor pointCredit-loss allowance coverage of nonperforming loans increased to 610.3% from 321.0% at year-end 2025.

Negative

• Moderate pointQ3 credit-loss provisions increased to $968,000 from $364,000 a year earlier.
• Moderate pointForeclosed real estate increased $4.4 million to $7.2 million from year-end 2025.
• Moderate pointBorrowings increased $35.0 million to $178.4 million since year-end 2025 through additional Federal Home Loan Bank borrowing. 9.1% of market cap
• Moderate pointIncome tax expense increased $1.2 million in Q3 and $3.7 million over nine months year over year.
• Minor pointNine-month non-interest expense increased 2.6% to $20.9 million year over year.

4 minor points

• Minor pointNon-brokered interest-bearing deposits fell $16.8 million; non-interest-bearing deposits fell $2.0 million from year-end 2025.
• Minor pointQ3 borrowing interest expense increased to $1.691 million from $960,000 a year earlier.
• Minor pointEffective tax rates rose to 25.1% for Q3 and 24.7% for nine months, versus 21.1% and 23.3%.
• Minor pointCredit-loss allowance relative to total loans declined to 1.69% from 1.70% at year-end 2025.

News Explained

At September 30, 2026, Parke Bancorp reported $168.7 million in cash and equivalents, versus $156.9 million at year-end; it attributed the increase primarily to higher brokered deposits and FHLBNY borrowings and loan-related cash receipts, partly offset by growth in net loans.

Key Figures

Q3 net income: $12.2 million, up 14.5% Q3 diluted EPS: $1.02 Q3 revenue: $39.6 million, up 6.1% +5 more

Q3 net income

$12.2 million, up 14.5%

Three months ended September 30, 2026, year over year

Q3 diluted EPS

$1.02

Three months ended September 30, 2026

Q3 revenue

$39.6 million, up 6.1%

Q3 2026 compared with Q3 2025

Q3 net interest income

$23.0 million, up 14.2%

Three months ended September 30, 2026, year over year

Q3 provision for credit losses

$1.0 million, versus $0.4 million

Three months ended September 30, 2026, compared with the same period in 2025

Nine-month net income

$36.2 million, up 35.9%

Nine months ended September 30, 2026, year over year

Net interest margin

4.15%, versus 3.49%

Year-to-date 2026 compared with year-to-date 2025

Nonperforming loans

$5.8 million, down 46.2%

At September 30, 2026, compared with December 31, 2025

Previous Earnings Reports

5 past events · Latest: Jul 22

Same Type 5 events

1. Jul 22

   Q2 earnings

   24h Move

   -1.0%

   Net income rose 47.8% year over year, while the reported 24-hour reaction was negative.

2. Apr 17

   Q1 earnings

   24h Move

   +3.8%

   The company reported $11.8 million net income and $0.99 diluted EPS.

3. Jan 22

   Q4 earnings

   24h Move

   +2.4%

   Q4 net income rose year over year, alongside higher net interest income.

4. Oct 22

   Q3 earnings

   24h Move

   +3.4%

   Q3 net income and net interest income increased year over year.

5. Jul 16

   Q2 earnings

   24h Move

   +4.7%

   Q2 net income increased year over year, with net interest income also higher.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nim, roaa, roae

3 terms

nim financial

"NIM: 4.15% for the year to date 2026 compared to 3.49%"

NIM (net interest margin) measures the gap between the interest a bank earns on loans and other interest‑producing assets and the interest it pays to depositors and creditors, shown as a percentage of the bank’s earning assets. Think of it like a store’s markup: a wider NIM means the bank keeps more money from its core lending activity, boosting profit potential. Investors watch NIM because shifts reveal how profitable a bank’s lending is, and how sensitive that profit is to interest‑rate changes and shifts in the mix of loans versus other assets.

roaa financial

"a 2.16% return on average assets (ROAA)"

Return on Average Assets (ROAA) measures how efficiently a company turns its assets into profit by dividing net profit over a period by the average total assets it held during that period. It matters to investors because it shows whether a business is getting a good return from what it owns—like judging a car’s fuel efficiency by miles per gallon—helping compare profitability across companies of different sizes.

roae financial

"a 14.15% return on average equity (ROAE)"

ROAE stands for Return on Average Equity, a profitability ratio that shows how much net income a company generates for its owners relative to the average amount of shareholder equity invested over a period. It’s like measuring the interest rate a business pays its owners on the capital they’ve left in the company, with the ‘average’ smoothing out swings in equity during the year. Investors use ROAE to compare how efficiently different companies turn owner capital into profits and to assess management’s ability to deliver returns over time.

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

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Highlights:
Net Income:	$12.2 million for Q3 2026, increased 14.5% over Q3 2025
Revenue:	$39.6 million for Q3 2026, increased 6.1% over Q3 2025
Total Assets:	$2.33 billion, increased 3.7% over December 31, 2025
NIM:	4.15% for the year to date 2026 compared to 3.49% for year to date 2025

WASHINGTON TOWNSHIP, N.J., Oct. 21, 2026 /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, 2026.

Highlights for the three and nine months ended September 30, 2026:

• Net income available to common shareholders was $12.2 million, or $1.04 per basic common share and $1.02 per diluted common share, for the three months ended September 30, 2026, an increase of $1.5 million, or 14.5%, compared to net income available to common shareholders of $10.6 million, or $0.90 per basic common share and $0.89 per diluted common share, for the three months ended September 30, 2025. The increase was primarily due to a $2.9 million increase in net interest income, and a $0.4 million decrease in non-interest expense, partially offset by a $0.6 million increase in provision for credit losses.

• Net interest income increased $2.9 million, or 14.2%, to $23.0 million for the three months ended September 30, 2026, compared to $20.2 million for the same period in 2025.

• The Company recorded a provision for credit losses of $1.0 million for the three months ended September 30, 2026, compared to a provision for credit losses of $0.4 million for the same period in 2025.

• Non-interest income increased by $0.1 million, or 14.2%, to $1.0 million for the three months ended September 30, 2026, compared to $0.9 million for the same period in 2025.

• Non-interest expense decreased $0.4 million, or 5.4%, to $6.8 million for the three months ended September 30, 2026, compared to $7.2 million for the same period in 2025.

• Net income available to common shareholders was $36.2 million, or $3.09 per basic common share and $3.04 per diluted common share, for the nine months ended September 30, 2026, an increase of $9.6 million, or 35.9%, compared to net income available to common shareholders of $26.7 million, or $2.26 per basic common share and $2.23 per diluted common share, for the same period in 2025. The increase is primarily due to an increase in net interest income of $13.5 million, and a $0.2 million increase in non-interest income, partially offset by a $0.5 million increase in non-interest expense, and a $3.7 million increase in income tax expense.

• Net interest income increased $13.5 million, or 24.8%, to $68.2 million for the nine months ended September 30, 2026, compared to $54.6 million for the same period in 2025.

• The Company recorded a provision for credit losses of $1.8 million for the nine months ended September 30, 2026, compared to a provision for credit losses of $1.9 million for the same period in 2025.

• Non-interest income increased $0.2 million, or 8.6%, to $2.7 million for the nine months ended September 30, 2026, compared to $2.5 million for the same period in 2025.

• Non-interest expense increased $0.5 million, or 2.6%, to $20.9 million for the nine months ended September 30, 2026, compared to $20.4 million for the same period in 2025.

The following is a recap of the significant items that impacted results of operations for the three and nine months ended September 30, 2026:

Interest income increased $2.2 million during the three months ended September 30, 2026 compared to the same period in 2025, primarily due to an increase in interest and fees on loans of $2.1 million, or 6.1%, to $37.0 million, resulting from higher market interest rates and higher average loan portfolio balances.  For the nine months ended September 30, 2026, interest income increased $8.7 million from the same period in 2025, primarily due to an increase in interest and fees on loans of $10.7 million, or 10.8%, to $109.9 million, primarily due to an increase in average outstanding loan balances, and higher market interest rates.  Interest earned on deposits held at the FRB decreased $2.0 million during the nine months ended September 30, 2026, due to lower average balances on deposit, and a decrease in the interest rate on those deposits.  

Interest expense decreased $0.7 million, or 4.3%, to $15.6 million for the three months ended September 30, 2026, compared to the same period in 2025, primarily due to a decrease in interest expense on deposits, due to a decrease in market interest rates, partially offset by an increase in interest expense on borrowings, due to an increase in Federal Home Loan Bank of New York ("FHLBNY") borrowings.  For the nine months ended September 30, 2026, interest expense decreased $4.8 million, or 9.6%, to $45.9 million, primarily due to lower market interest rates, combined with changes in the mix of deposits and borrowings.

The Company booked a provision for credit losses of $1.0 million for the three months ended September 30, 2026, compared to a provision for credit losses of $0.4 million for the same period in 2025. The increase in the provision for credit losses for the three months ended September 30, 2026, was due to an increase in loan balances during the three months ended September 30, 2026, as compared to the increase in loan balances during the same period in 2025.  The provision for credit losses for the nine months ended September 30, 2026 decreased $0.1 million, or 4.7%, to $1.8 million, compared to a provision for credit losses of $1.9 million for the same period in 2025.  

Non-interest income increased $0.1 million, or 14.2%, for the three months ended September 30, 2026, compared to the same period in 2025, primarily as a result of an increase in bank owned life insurance ("BOLI") income, and an increase in loan fees, partially offset by a decrease in service fees on deposit accounts.  For the nine months ended September 30, 2026, non-interest income increased $0.2 million, primarily driven by a $0.2 million increase in BOLI, and a $0.1 million increase in loans fees, partially offset by a $0.1 million decrease in service fees on deposit accounts.  

Non-interest expense decreased $0.4 million, or 5.4%, to $6.8 million for the three months ended September 30, 2026, compared to the same period in 2025.  The decrease was primarily driven by a decrease in professional services expense of $1.0 million, partially offset by an increase in compensation and benefits of $0.2 million, and an increase in OREO expense of $0.3 million.  The decrease in professional services expense was primarily due to a $0.3 million transfer of OREO related legal fees to OREO expense, and a $0.6 million decrease in other professional fees attributed to lower BSA related consulting expense.  The increase in OREO was primarily due to the transfer of OREO legal fees from professional fee expense of $0.3 million.   For the nine months ended September 30, 2026, non-interest expense increased $0.5 million, or 2.6%, to $20.9 million, compared to the same period in 2025.  The increase in non-interest expense was primarily due to an increase in compensation and benefits of $0.9 million, and an increase in other operating expense of $0.5 million, partially offset by a decrease in professional services expense of $1.1 million, and a decrease in data processing expense of $0.3 million, compared to the nine months ended September 30, 2025.  The increase in compensation and benefits is primarily due to the increase in staff levels, and annual wage growth.  The increase in other operating expense is primarily due to an increase in travel expense, miscellaneous loan expenses, and miscellaneous operating expenses.  The decrease in professional services expense is primarily due to a $0.6 million decrease in legal fees, and a $0.4 million decrease in other professional fees attributed to lower BSA related consulting expense.  The decrease in data processing expense is primarily due to lower core banking system expense.

Income tax expense increased $1.2 million for the three months ended September 30, 2026, compared to the same period in 2025.  For the nine months ended September 30, 2026, income tax expense increased $3.7 million, compared to the same period in 2025.  The effective tax rate for the three and nine months ended September 30, 2026 was 25.1% and 24.7%, respectively, compared to 21.1% and 23.3% for the same period in 2025.

September 30, 2026 discussion of financial condition

• Total assets increased to $2.33 billion at September 30, 2026, from $2.25 billion at December 31, 2025, an increase of $83.2 million, or 3.7%, primarily due to an increase in cash and cash equivalents, an increase in net loan receivable.

• Cash and cash equivalents totaled $168.7 million at September 30, 2026, as compared to $156.9 million at December 31, 2025. The increase in cash and cash equivalents was primarily due to an increase in brokered deposits, FHLBNY borrowings, and loan related cash receipts, partially offset by an increase in net loans receivable.

• The investment securities portfolio increased to $13.8 million at September 30, 2026, from $13.5 million at December 31, 2025, an increase of $0.3 million, or 2.2%, primarily due to the purchase of a $1.5 million security classified as held to maturity, offset by pay downs of securities.

• Gross loans increased $60.9 million or 3.0%, to $2.10 billion at September 30, 2026, compared to gross loans of $2.04 billion at December 31, 2025.

• Nonperforming loans at September 30, 2026 decreased to $5.8 million, or 0.28% of total loans, a decrease of $5.0 million, or 46.2%, from $10.8 million of nonperforming loans at December 31, 2025. OREO at September 30, 2026 was $7.2 million, an increase of $4.4 million from December 31, 2025. Nonperforming assets (consisting of nonperforming loans and OREO) represented 0.56% and 0.61% of total assets at September 30, 2026 and December 31, 2025, respectively. Loans past due 30 to 89 days were $2.4 million at September 30, 2026, a decrease of $1.1 million from December 31, 2025.

• The allowance for credit losses was $35.4 million at September 30, 2026, as compared to $34.6 million at December 31, 2025. The ratio of the allowance for credit losses to total loans was 1.69% at September 30, 2026, and 1.70% at December 31, 2025. The ratio of allowance for credit losses to non-performing loans was 610.3% at September 30, 2026, compared to 321.0%, at December 31, 2025.

• Total deposits were $1.78 billion at September 30, 2026, an increase of $18.1 million or 1.0%, compared to December 31, 2025. The increase in deposits was primarily driven by an increase in brokered deposits of $36.9 million, partially offset by a decrease in interest-bearing deposits of $16.8 million, and a decrease in non-interest-bearing deposits of $2.0 million.

• Total borrowings increased $35.0 million during the nine months ended September 30, 2026, to $178.4 million at September 30, 2026, from $143.4 million at December 31, 2025, due to an increase in outstanding FHLBNY borrowings.

• Total equity increased to $356.1 million at September 30, 2026, up from $324.5 million at December 31, 2025, an increase of $31.6 million, or 9.7%, primarily due to the retention of earnings, partially offset by the payment of $6.9 million of cash dividends.

CEO outlook and commentary

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank, provided the following statement:

"Parke Bank continued its strong financial performance during the first nine months of 2026, delivering record earnings and maintaining excellent operating efficiency despite a challenging and evolving economic environment.  For the nine months ended September 30, 2026, net income increased 35.9% to $36.2 million, compared to the same period in 2025. Earnings per common share were $3.09 basic and $3.04 diluted. This performance was driven by continued loan growth, disciplined balance sheet management, and an expanding net interest margin."

"Our loan portfolio increased by approximately $61 million since year-end 2025, while net interest margin improved to 4.15%, compared to 3.49% at December 31, 2025. These results contributed to strong profitability metrics, including a 2.16% return on average assets (ROAA) and a 14.15% return on average equity (ROAE).  Equally important, we maintained our commitment to expense discipline. Our efficiency ratio improved to 29.50% from 35.68% at year-end 2025, reflecting our continued focus on controlling costs while supporting growth and delivering value to shareholders."

"During the quarter, the Federal Reserve increased interest rates by 25 basis points and indicated that additional rate increases remain possible as inflationary pressures persist. Geopolitical uncertainties and ongoing volatility in global energy markets continue to create challenges for businesses and consumers. Nevertheless, Parke Bank remains well positioned with strong capital, sound liquidity, and a disciplined approach to risk management."

"We are also proud to have once again been named to Piper Sandler's Bank & Thrift Sm-All Stars Class of 2026, a recognition awarded to high-performing community banks based on measures including growth, profitability, asset quality, and capital strength."

"As we move through the remainder of 2026, we remain focused on serving our customers, maintaining strong credit quality, prudently managing liquidity, and creating long-term value for our shareholders."

Forward Looking Statement Disclaimer

This release may contain forward-looking statements which are made in good faith pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements, such as statements of the Company's plans, objectives, expectations, estimates and intentions, involve risks and uncertainties and are subject to change based on various important factors (some of which are beyond the Company's control) which may cause actual results to differ materially from those currently anticipated.  Such factors include: our ability to maintain a strong capital base, strong earning and strict cost controls; our ability to generate strong revenues with increased interest income and net interest income; our ability to continue the growth and maintain the quality of our loan portfolio; our ability to continue to increase shareholders' equity, maintain strong loan underwriting and allowance for credit losses; our ability to react quickly to any increase in loan delinquencies; our ability to face current challenges in the market; our ability to be well positioned navigate the challenging economic volatility; our ability to continue to reduce our nonperforming loans and delinquencies and the expenses associated with them; our ability to increase the rate of growth of our loan portfolio; our ability to continue to improve net interest margin; our ability to enhance shareholder value in the future; our ability to continue growing our Company, our earnings and shareholders' equity; and the possibility of additional corrective actions or limitations on the operations of the Company. and Parke Bank being imposed by banking regulators. Readers should not place undue reliance on any forward-looking statements. The Company 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.

(PKBK-ER)

Financial Supplement:
Table 1: Condensed Consolidated Balance Sheets (Unaudited)
Parke Bancorp, Inc. and Subsidiaries Condensed Consolidated Balance Sheets
		September 30,				December 31,
		2026				2025
		(Dollars in thousands)
Assets
Cash and cash equivalents		$	168,657			$	156,863
Investment securities			13,826				13,523
Loans, net of unearned income			2,096,082				2,035,227
Less: Allowance for credit losses			(35,438)				(34,649)
Net loans			2,060,644				2,000,578
Premises and equipment, net			5,450				5,506
Bank owned life insurance (BOLI)			36,045				35,320
Other assets			47,976				37,646
Total assets		$	2,332,598			$	2,249,436
Liabilities and Equity
Non-interest bearing deposits		$	194,556			$	196,506
Interest bearing deposits			1,330,004				1,346,834
Brokered Deposits			252,235				215,329
FHLBNY borrowings			165,000				130,000
Subordinated debentures			13,403				13,403
Other liabilities			21,263				22,846
Total liabilities			1,976,461				1,924,918
Total shareholders' equity			356,137				324,518
Total liabilities and equity		$	2,332,598			$	2,249,436

 

Table 2: Consolidated Income Statements (Unaudited)
Parke Bancorp, Inc. and Subsidiaries Consolidated Income Statement
		For the Three Months Ended								For the Nine Months Ended
		September 30,								September 30,
		2026				2025				2026				2025
Interest income:
Interest and fees on loans		$	37,036			$	34,910			$	109,884			$	99,142
Interest and dividends on investments			259				218				718				738
Interest on deposits with banks			1,374				1,381				3,458				5,499
Total interest income			38,669				36,509				114,060				105,379
Interest expense:
Interest on deposits			13,951				15,385				41,116				45,698
Interest on borrowings			1,691				960				4,776				5,039
Total interest expense			15,642				16,345				45,892				50,737
Net interest income			23,027				20,164				68,168				54,642
Provision for credit losses			968				364				1,846				1,938
Net interest income after provision for credit losses			22,059				19,800				66,322				52,704
Non-interest income
Service fees on deposit accounts			268				305				834				925
Other loan fees			265				188				594				510
Bank owned life insurance income			255				173				725				507
Other			183				184				548				546
Total non-interest income			971				850				2,701				2,488
Non-interest expense
Compensation and benefits			3,531				3,318				10,796				9,873
Professional services			(86)				890				1,192				2,255
Occupancy and equipment			773				688				2,264				2,052
Data processing			376				429				964				1,274
FDIC insurance and other assessments			380				356				1,122				1,090
OREO expense			419				92				550				319
Other operating expense			1,381				1,391				4,022				3,520
Total non-interest expense			6,774				7,164				20,910				20,383
Income before income tax expense			16,256				13,486				48,113				34,809
Income tax expense			4,087				2,856				11,860				8,118
Net income attributable to Company			12,169				10,630				36,253				26,691
Less: Preferred stock dividend			(5)				(5)				(15)				(15)
Net income available to common shareholders		$	12,164			$	10,625			$	36,238			$	26,676
Earnings per common share
Basic		$	1.04			$	0.90			$	3.09			$	2.26
Diluted		$	1.02			$	0.89			$	3.04			$	2.23
Weighted average common shares outstanding
Basic			11,739,484				11,773,473				11,723,904				11,816,577
Diluted			11,938,476				11,958,108				11,926,159				11,989,947

 

Table 3: Operating Ratios (unaudited)
		Three months ended								Nine Months Ended
		September 30,								September 30,
		2026				2025				2026				2025
Return on average assets			2.12	%			1.99	%			2.16	%			1.68	%
Return on average common equity			13.67	%			13.40	%			14.15	%			11.51	%
Interest rate spread			3.26	%			2.89	%			3.32	%			2.54	%
Net interest margin			4.10	%			3.83	%			4.15	%			3.49	%
Efficiency ratio*			28.23	%			34.09	%			29.50	%			35.68	%
*  Efficiency ratio is calculated using non-interest expense divided by the sum of net interest income and non-interest income.

 

Table 4: Asset Quality Data (unaudited)
		September 30,				December 31,
		2026				2025
		(Amounts in thousands except ratio data)
Allowance for credit losses on loans		$	35,438			$	34,649
Allowance for credit losses to total loans			1.69	%			1.70	%
Allowance for credit losses to non-accrual loans			610.30	%			321.00	%
Non-accrual loans		$	5,807			$	10,793
OREO		$	7,242			$	2,862

 

View original content:https://www.prnewswire.com/news-releases/parke-bancorp-inc-announces-third-quarter-2026-earnings-302914228.html

SOURCE Parke Bancorp, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Parke Bancorp's third-quarter 2026 earnings?

Parke Bancorp earned $12.2 million available to common shareholders in the third quarter of 2026, up 14.5% year over year. Diluted earnings per share increased to $1.02 from $0.89, while basic earnings per share increased to $1.04 from $0.90.

Why did Parke Bancorp's third-quarter 2026 operating expenses decline?

Lower professional services expenses drove the 5.4% decline in non-interest expense to $6.8 million. Professional services expenses fell $1.0 million, including $0.6 million less in other professional fees attributed to lower Bank Secrecy Act consulting expense. A $0.3 million transfer of real-estate-related legal fees between expense categories also reduced reported professional services expense.

How much did Parke Bancorp pay in cash dividends during the first nine months of 2026?

Parke Bancorp paid $6.9 million in cash dividends during the first nine months of 2026. Retained earnings, partially offset by those payments, primarily drove the increase in shareholders' equity.