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Stock impact report

Parke Bancorp, Inc. Announces First Quarter 2020 Earnings

Parke Bancorp, Inc. (PKBK) 
US:NASDAQ Investor Relations: parkebank.com/about-parke-bank
Company Research Source: PR Newswire
WASHINGTON TOWNSHIP, N.J., April 21, 2020 /PRNewswire/ --Highlights: Net Income:  $7.2 million,  increased 2.0% over Q1 2019Total Assets:   $1.82 billion,  increased 8.0% over December 31, 2019Total Loans:      $1.47 billion,  increased 3.3% over December 31, 2019Total Deposits:   $1.47 billion,  increased 9.7% over December 31, 2019Parke Bancorp, Inc. ("Parke Bancorp") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2020.Highlights for the first quarter March 31, 2020:Net income available to common shareholders increased $144,000, or 2.0%, to $7.2 million, or $0.61 per basic common share and $0.60 per diluted common share for the first quarter of 2020, compared to net income available to common shareholders of $7.1 million, or $0.60 per basic common share and $0.59 per diluted common share for the same quarter in 2019. Net interest income increased 13.2% to $15.2 million for the first quarter of 2020, compared to $13 Show less Read more
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