What factors will influence Parke Bancorp’s actual share repurchases?

The company states that the timing and actual number of shares repurchased will depend on several factors, including the stock price, corporate needs, regulatory requirements, and general market conditions. This means the full 5% authorization may or may not be used.

Parke Bancorp (NASDAQ: PKBK) authorizes 5% stock repurchase program

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Parke Bancorp, Inc. announced that its Board of Directors has approved a stock repurchase program allowing the company to buy back up to 5% of its common stock over the next twelve months, unless completed sooner or extended. Repurchases are expected to be made in open-market transactions under Rule 10b-18 of the Securities Exchange Act of 1934. The company notes that the timing and actual number of shares repurchased will depend on factors such as share price, corporate and regulatory requirements, and overall market conditions.

Insights

Parke Bancorp adds flexibility with a 5% stock repurchase authorization.

Parke Bancorp, Inc. has authorized a stock repurchase program covering up to 5% of its common stock over the next twelve months. Buybacks are expected to occur through open-market purchases conducted in line with Rule 10b-18 requirements.

This type of program gives the company discretion to reduce share count when conditions are favorable. The board retains flexibility because actual repurchase levels will vary with share price, capital needs, and regulatory considerations.

The announcement does not specify any minimum purchase amount, so the realized effect will depend on how actively the company uses the authorization. Future company communications may clarify actual repurchase volumes as they occur.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Repurchase authorization: up to 5% of common stock Repurchase rule framework: Rule 10b-18 Program duration: twelve months

3 metrics

Repurchase authorization up to 5% of common stock Maximum buyback capacity over next twelve months

Repurchase rule framework Rule 10b-18 Governs open-market stock repurchases

Program duration twelve months Period following May 22, 2026 announcement

Key Terms

stock repurchase program, Rule 10b-18, forward-looking statements, Federal Deposit Insurance Corporation (FDIC)

4 terms

stock repurchase program financial

"the Board of Directors approved a stock repurchase program to allow repurchases of up to 5% of the Company’s common stock"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

Rule 10b-18 regulatory

"Open market purchases are intended to be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

forward-looking statements regulatory

"This release may contain forward-looking statements. Such forward-looking statements are subject to risks and 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.

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.

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Understanding 8-K Material Events →

Available on EDGAR 05/22/2026 - 08:31 AM Accepted by SEC EDGAR 05/22/2026 - 08:31 AM

FAQ

What stock repurchase plan did Parke Bancorp (PKBK) announce?

Parke Bancorp announced a stock repurchase program authorizing buybacks of up to 5% of its common stock over the next twelve months. The plan allows open-market purchases, giving the company flexibility to reduce share count depending on market conditions and capital considerations.

Over what period can Parke Bancorp (PKBK) repurchase shares?

The repurchase program permits Parke Bancorp to buy back shares during the next twelve months from the May 22, 2026 announcement date. The authorization may be completed sooner or extended, depending on board decisions and evolving market and regulatory factors.

How will Parke Bancorp (PKBK) execute its stock buybacks?

Parke Bancorp intends to execute stock repurchases through open-market purchases conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934. This rule provides a safe harbor framework governing timing, volume, and pricing conditions for issuer repurchase activity.

Is Parke Bancorp’s 5% repurchase plan guaranteed to be fully used?

No, the authorization is a maximum limit, not a commitment. Parke Bancorp emphasizes that actual repurchases depend on price, corporate and regulatory requirements, and market conditions, so the company may repurchase less than the full 5% of its common stock.

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) May 22, 2026


	PARKE BANCORP, INC.
	(Exact name of registrant as specified in its charter)

New Jersey	0-51338	65-1241959
(State or other	(Commission	(IRS Employer
of incorporation)	File Number)	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 (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

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 8 - Other Events

Item 8.01 Other Events.

On May 22, 2026, the Registrant announced that the Board of Directors had adopted a stock repurchase program to allow repurchases of up to 5% of the Company’s common stock during the next twelve months, unless completed sooner or otherwise extended. Open market purchases are intended to be conducted in accordance with applicable Securities and Exchange Commission regulations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions.

A copy of the press release dated May 22, 2026 announcing the stock repurchase program is filed as Exhibit 99.1, and incorporated by reference herein.

Section 9 - Financial Statements and Exhibits

Item 9.01 Exhibits.

Exhibit No.	Description

99.1	Press Release dated May 22, 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, thereunto duly authorized.

		PARKE BANCORP, INC.

Date: May 22, 2026	By	/s/ Jonathan D. Hill
		Jonathan D. Hill
		Senior Vice President and Chief Financial Officer
		(Duly Authorized Representative)

Exhibit 99.1

FOR IMMEDIATE RELEASE		FOR FURTHER INFORMATION CONTACT:
May 22, 2026		Vito S. Pantilione, President and CEO
		Jonathan D. Hill, Senior Vice President and CFO
		(856) 256-2500

PARKE BANCORP, INC. ANNOUNCES STOCK REPURCHASE PLAN

WASHINGTON TOWNSHIP, NEW JERSEY – Parke Bancorp, Inc. (the “Company”) (NASDAQ: PKBK) today announced its Board of Directors approved a stock repurchase program to allow repurchases of up to 5% of the Company’s common stock during the next twelve months, unless completed sooner or otherwise extended. Open market purchases are intended to be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934.

The timing and actual number of shares repurchased will depend on a variety of factors, including price, corporate and regulatory requirements and other market conditions.

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.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 6.8 KB

Parke Bancorp (NASDAQ: PKBK) authorizes 5% stock repurchase program

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