PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2026 EARNINGS
Parke Bancorp reported Q3 2026 net income of $12.2 million, up 14.5% year-over-year, or $1.04 per basic share, with revenue of $39.6 million up 6.1%. Nine-month net income rose 35.9% to a record $36.2 million ($3.09 basic EPS), driven by a 24.8% jump in net interest income and a NIM that expanded to 4.15% from 3.49%. Asset quality improved sharply: nonperforming loans fell 46.2% to $5.8 million (0.28% of loans), though OREO rose to $7.2 million and the Q3 provision doubled to $1.0 million.
Key figures
- Eps
- 1.04
- Revenue
- 39600000
- Revenue Yoy
- 6.1%
- Nim
- 4.15%
- Roaa
- 2.16%
- Roae
- 14.15%
- Net income
- 12200000
- Gross loans
- $2.10 billion, up 3.0%
- Total assets
- 2330000000
- Net income yoy
- 14.5%
- Total deposits
- $1.78 billion, up 1.0%
- Efficiency ratio
- 29.50%
- Nonperforming loans
- $5.8 million (0.28% of total loans, down 46.2%)
- Provision for credit losses
- $1.0 million vs $0.4 million prior year
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.