PKBK
Parke Bancorp, Inc.25.42
+0.02+0.08%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
301.16MP/E (TTM)
8.95Basic EPS (TTM)
2.84Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Parke Bancorp posted solid Q3 results, with net interest income jumping 37.0% year-over-year to $20.2 million, fueled by higher loan yields and balances amid elevated rates, while interest expense on borrowings plunged 60.3% after redeeming $30 million in subordinated notes and cutting FHLBNY advances. Loans grew 4.9% year-to-date to $1.96 billion, led by construction up 41.5% and commercial non-owner occupied up 20.0%, though nonperforming loans ticked up to $12.5 million. Deposits climbed 7.5% to $1.75 billion, with money markets surging 44.4%, bolstering liquidity at $159.3 million cash; free cash flow stood at $21.7 million (derived). Diluted EPS rose 43.5% to $0.89, aligning with 11.96 million shares. Yet regulatory risks loom from federal cannabis enforcement shifts.
8-K
Q3 net income jumps 41.6%
Parke Bancorp reported Q3 2025 net income of $10.6 million, up 41.6% from Q3 2024, fueled by net interest income surging 37.0% to $20.2 million amid higher loan rates and balances. Total loans hit $1.96 billion, up 4.9% year-to-date, while deposits climbed 7.5% to $1.75 billion; yet nonperforming loans edged up to $12.4 million. Balance sheet strengthened with $30 million subordinated debt repaid. Volatility persists.
8-K
Parke Bancorp declares dividend
Parke Bancorp declared a $0.18 per share cash dividend on September 17, 2025, payable October 17 to shareholders of record on October 3. The board plans quarterly payouts, yet they could trim or skip them based on finances and regulations. Dividends signal steady cash flow. Forward-looking plans hinge on capital strength and regulatory nods.
10-Q
Q2 FY2025 results
Parke Bancorp posted solid Q2 results, with net interest income climbing 24.9% year-over-year to $17.9 million on stronger loan yields and balances, pushing diluted EPS up 30.2% to $0.69. Loans grew 3.6% quarter-over-quarter to $1.93 billion, fueled by commercial non-owner occupied and construction segments, while deposits rose 3.8% to $1.69 billion despite brokered runoff. Provision for credit losses edged higher to $1.0 million amid portfolio shifts, but nonperforming loans held steady at 0.6% of total. Cash sat at $184.3 million with $485.1 million in FHLBNY availability; post-quarter, the company redeemed $30 million in subordinated debt. Non-GAAP metrics not disclosed in the 10-Q. Federal cannabis enforcement shifts pose a key risk to the 13% deposit exposure.
8-K
Stock buyback extended six months
Parke Bancorp extended its stock repurchase program by six months on August 1, 2025, pushing the deadline from August 2, 2025, to February 2, 2026, while keeping the cap at 5% of outstanding common stock. This move signals confidence in the company's valuation amid market conditions. Repurchases will follow SEC Rule 10b-18. Timing hinges on prices and regulations.
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