Parke Bancorp FY26 Q2 net income climbs 47.8% to $12.2 million

Reuters2026/08/05 17:16

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Parke Bancorp posted Q2 net income available to common shareholders of $12.2 million, up 47.8%, with EPS of $1.04.
Net interest income climbed 28.8% to $23 million, as interest and fees on loans rose $4.2 million and deposit costs fell $1.4 million.
Provision for credit losses eased to $700,000, down 30%, as higher charge-offs included one distressed office building moved to other real estate owned.
Non-interest expense increased 3.6% to $6.9 million, while non-interest income rose to $900,000 on higher bank owned life insurance income.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parke Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-025857), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Parke Bancorp FY26 Q2 net income climbs 47.8% to $12.2 million

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