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Stock impact report

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS [Yahoo! Finance]

Parke Bancorp, Inc. (PKBK) 
US:NASDAQ Investor Relations: parkebank.com/about-parke-bank
Company Research Source: Yahoo! Finance
$2.01 billion, decreased 0.7% from December 31, 2023 Total Loans: $1.79 billion, decreased 0.1% over December 31, 2023 Total Deposits: $1.56 billion, increased 0.7% from December 31, 2023 WASHINGTON TOWNSHIP, N.J. April 19, 2024 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank , announced its operating results for the quarter ended March 31, 2024. Highlights for the three months ended March 31, 2024: Net income available to common shareholders was $6.1 million , or per basic common share and per diluted common share, for the three months ended March 31, 2024 , a decrease of $5.0 million , or 44.8%, compared to net income available to common shareholders of $11.1 million , or per basic common share and per diluted common share, for the three months ended March 31, 2023 . The decrease was primarily due to lower net interest income, an increase in the provision for credit losses, and lower non-interes Show less Read more
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