Parke Bancorp: Fourth Quarter Earnings Overview

Parke Bancorp Announces Fourth Quarter Financial Results

Parke Bancorp Inc., headquartered in Washington Township, New Jersey, has released its financial results for the fourth quarter, reporting a net profit of $11.1 million.

The bank achieved earnings of 93 cents per share during this period.

Parke Bank, operating under its holding company, generated $38.2 million in total revenue for the quarter. After accounting for interest expenses, net revenue reached $22.7 million, exceeding analysts’ expectations.

For the full year, Parke Bancorp recorded a total profit of $37.8 million, translating to $3.16 per share, with annual revenue amounting to $79.9 million.

Financial data for this report was compiled using information from Zacks Investment Research and processed by Automated Insights.