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Dividend hike at Parke Bancorp (NASDAQ: PKBK) lifts Q2 2026 payout to $0.20

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Parke Bancorp, Inc. announced that its Board of Directors approved a two-cent increase in the cash dividend for the second fiscal quarter of 2026, bringing the dividend to $0.20 per share.

The company highlights its community banking footprint across New Jersey and Philadelphia, offering full-service commercial banking to individuals and small businesses, with deposits insured by the FDIC and common stock traded on the Nasdaq Capital Market under the symbol PKBK.

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Insights

Parke Bancorp modestly raises its quarterly cash dividend.

Parke Bancorp increased its second-quarter 2026 cash dividend to $0.20 per share, a two-cent step up from the prior level. This signals ongoing willingness to return cash to shareholders through regular dividends.

The move is incremental rather than transformational, and no additional financial metrics or guidance accompany the change. Future filings and earnings updates will provide more context on how earnings support this higher payout over time.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Dividend increase amount $0.02 per share Increase in cash dividend for second fiscal quarter of 2026
New quarterly dividend $0.20 per share Cash dividend for second fiscal quarter of 2026
Parke Bancorp incorporation January 2005 Date Parke Bancorp, Inc. was incorporated
Parke Bank operations start January 1999 Date Parke Bank commenced operations
New Jersey branches 5 branches Northfield, two in Washington Township, Galloway Township, Collingswood
Philadelphia branches 2 branches Center city Philadelphia and Chinatown Philadelphia locations
Regulation FD Disclosure regulatory
"Section 7 – Regulation Item 7.01 Regulation FD Disclosure."
Federal Deposit Insurance Corporation (FDIC) financial
"Parke Bank’s deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC)."
A federal agency that protects bank depositors by insuring eligible checking and savings accounts up to a set limit, acting like a safety net for people’s cash if a bank fails. It matters to investors because that guarantee supports public confidence in the banking system, lowers the chance of sudden runs on banks, and influences the risk profile and stock value of banks and financial firms.
Nasdaq Capital Market financial
"Parke Bancorp’s common stock is traded on the NASDAQ Capital Market under the symbol “PKBK”."
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
forward-looking statements regulatory
"This release may contain forward-looking statements. We caution that such statements may be subject to a number of uncertainties"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Understanding 8-K Material Events →
false 0001315399 0001315399 2026-04-21 2026-04-21
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) April 21, 2026
 
PARKE BANCORP, INC.
(Exact name of Registrant as specified in its Charter)
 
New Jersey
  
0-51338
  
65-1241959
(State or other jurisdiction
of incorporation)
  
(Commission File
Number)
  
(IRS Employer
Identification No.)
 
601 Delsea Drive, Washington Township, New Jersey
08080
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code:
(856) 256-2500
      
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐         Written communications pursuant to Rule 425 under the Securities Act
☐         Soliciting material pursuant to Rule 14a-12 under the Exchange Act
☐         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
☐         Pre-commencement to communications pursuant to Rule 13e-4(c) under the Exchange Act
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on Which Registered
Common Stock, Par Value $0.10 per share
PKBK
The Nasdaq Stock Market, LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company  ☐                                                                   
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐
 
 
 
 
PARKE BANCORP, INC.
 
INFORMATION TO BE INCLUDED IN THE REPORT
 
Section 7 – Regulation FD
 
Item 7.01 Regulation FD Disclosure. 
 
On April 21, 2026, the Company announced that its Board of Directors had 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. For further information, reference is made to the Company’s press release dated April 21, 2026, which is filed herewith as Exhibit 99.1, and incorporated by reference herein.
 
The information included in this Current Report pursuant to this Item 7.01 is being furnished to, and not filed with, the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
 
Section 9 – Financial Statements and Exhibits
 
Item 9.01 Financial Statements and Exhibits.
 
Exhibit No.
Description
 
99.1
Press Release dated April 21, 2026.
 
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
PARKE BANCORP, INC.
     
     
     
Date:     April 21, 2026
  
By: 
/s/ Jonathan D. Hill
     
Jonathan D. Hill
Senior Vice President and
Chief Financial Officer
(Duly Authorized Representative)
 
 
 

Exhibit 99.1

 

PRESS RELEASE

 

  Contact:

Vito S. Pantilione

President and CEO

Parke Bancorp, Inc.

(856) 256-2500

Parke Bancorp, Inc.

601 Delsea Drive

Washington Township, NJ 08080

 

FOR IMMEDIATE RELEASE

 

Washington Township, New Jersey - April 21, 2026 - 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.

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What dividend change did Parke Bancorp (PKBK) announce for Q2 2026?

Parke Bancorp’s Board approved a two-cent increase in the cash dividend for the second fiscal quarter of 2026, raising the payout to $0.20 per share. This higher quarterly dividend will apply to shareholders for that quarter’s distribution.

What is Parke Bancorp’s new quarterly dividend per share?

The new quarterly dividend approved by Parke Bancorp’s Board for the second fiscal quarter of 2026 is $0.20 per share. This reflects a two-cent increase over the prior quarterly cash dividend level declared by the company.

When did Parke Bancorp’s Board approve the 2026 dividend increase?

Parke Bancorp’s Board of Directors approved the dividend increase on April 21, 2026. On that date, the Board authorized lifting the second fiscal quarter 2026 cash dividend by two cents to a new level of $0.20 per share.

What type of business does Parke Bancorp (PKBK) operate?

Parke Bancorp operates through Parke Bank, a full-service commercial bank focused on individuals and small businesses. It serves Gloucester, Atlantic and Cape May counties in New Jersey, plus Philadelphia and nearby Pennsylvania counties through multiple branch locations.

Is Parke Bank insured and where is Parke Bancorp’s stock listed?

Parke Bank’s deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum legal amount. Parke Bancorp’s common stock is listed and traded on the Nasdaq Capital Market under the ticker symbol PKBK.

Where are Parke Bancorp and Parke Bank headquartered and how long have they operated?

Parke Bancorp and Parke Bank maintain principal offices at 601 Delsea Drive, Washington Township, New Jersey. Parke Bancorp was incorporated in January 2005, while Parke Bank began operations earlier, in January 1999, serving regional customers.

Filing Exhibits & Attachments

5 documents

Press Releases

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