Parke Bancorp, Inc. Stock News

Despite the current uncertain tariff situation, Parke Bancorp's loan growth won't fall too low because of the bank's focus on residential loans. Like the previous quarter, deposit costs will most probably continue to fall in the year ahead because of interest rate cuts. The provision expense will likely spike because of signs of an economic slowdown, which raises credit risk.

Highlights: Net Income: $7.8 million for Q1 2025, increased 5.12% over Q4 2024 Revenue: $34.7 million for Q1 2025, increased 0.6% over Q4 2024 Total Assets:  $2.14 billion,  flat compared to December 31, 2024 Total Loans:  $1.88 billion,  increased 0.8% over December 31, 2024 Total Deposits: $1.67 billion,  increased 2.2% from December 31, 2024   WASHINGTON TOWNSHIP, N.J. , April 17, 2025 /PRNe...

WASHINGTON TOWNSHIP, N.J. , March 19, 2025 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on April 18, 2025, to its stockholders of record as of the close of business on April 4, 2025.

Parke Bancorp, Inc. is a stable investment with a 3.6% dividend yield, offering reliable income despite limited growth prospects. PKBK Q4 performance showed strong loan and deposit growth, but net income declined due to higher provisions for credit losses and non-interest expenses. Margins contracted, with net interest margin down to 3.02%, but net interest income increased by 0.7% year-over-year.

Highlights: Net Income: $7.4 million for Q4 2024, decreased 1.5% from Q3 2024 Revenue: $34.5 million for Q4 2024, increased 4.4% over Q3 2024 Total Assets:  $2.14 billion,  increased 5.9% from December 31, 2023 Total Loans:  $1.87 billion,  increased 4.5% from December 31, 2023 Total Deposits: $1.63 billion,  increased 5.0% from December 31, 2023   WASHINGTON TOWNSHIP, N.J. , Jan. 24, 2025 /PRN...

WASHINGTON TOWNSHIP, N.J. , Dec. 18, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on January 17, 2025, to its stockholders of record as of the close of business on January 3, 2025.