Earnings ·
Parke Bancorp reports Q2 net income up 47.8% to $12.2 million on higher net interest income
PKBKParke Bancorp, Inc.
Parke Bancorp, Inc. reported second quarter 2026 earnings, with net income available to common shareholders reaching $12.2 million for the three months ended June 30, 2026, a 47.8% increase from $8.3 million in the prior year period. Diluted earnings per share rose to $1.03 from $0.69. For the six months ended June 30, 2026, net income grew 50.0% to $24.1 million. Growth was driven by a $5.1 million increase in net interest income for the quarter and a decrease in the provision for credit losses. Total assets stood at $2.30 billion as of June 30, 2026. The company is a financial services provider operating in the banking industry.