Earnings ·
Parke Bancorp reports Q3 net income of $12.2 million, up 14.5% year over year
PKBKParke Bancorp, Inc.
Parke Bancorp reported third-quarter 2026 net income available to common shareholders of $12.2 million, or $1.04 per diluted share, a 14.5% increase from the prior-year period. Net interest income rose 14.2% to $23.0 million, driven by higher market rates and loan balances, while non-interest expense declined 5.4% to $6.8 million. For the nine months ended September 30, 2026, net income increased 35.9% to $36.2 million, or $3.04 per diluted share. Total assets grew 3.7% to $2.33 billion, and nonperforming loans decreased 46.2% to $5.8 million. Parke Bancorp is the parent company of Parke Bank, a community bank serving customers in New Jersey.