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Stock impact report

Parke Bancorp, Inc. Announces Second Quarter 2018 Earnings

Parke Bancorp, Inc. (PKBK) 
US:NASDAQ Investor Relations: parkebank.com/about-parke-bank
Company Research Source: PR Newswire
WASHINGTON TOWNSHIP, N.J., July 19, 2018 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended June 30, 2018.Highlights for the second quarter and year-to-date June 2018:Net income available to common shareholders increased $2.5 million or 74.7% to $5.9 million, or $0.66 per basic common share and $0.56 per diluted common share for the second quarter of 2018, compared to net income available to common shareholders of $3.4 million, or $0.41 per basic common share and $0.34 per diluted common share for the same period in 2017.        Net interest income increased 18.3% to $11.6 million for the second quarter 2018, compared to $9.8 million for the same quarter 2017.          Net income available to common shareholders for the first half of 2018 was $11.5 million or $1.28 per basic common share and $1.09 per diluted common share, compared to $6.6 million, or $0.79 per basic common sha Show less Read more
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