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Stock impact report

Parke Bancorp, Inc. Announces Third 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., Oct. 24, 2018 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended September 30, 2018.Highlights for the third quarter and year-to-date September 30, 2018:Net income available to common shareholders increased $2.2 million or 58.0% to $6.1 million, or $0.60 per basic common share and $0.56 per diluted common share for the third quarter of 2018, compared to net income available to common shareholders of $3.9 million, or $0.46 per basic common share and $0.38 per diluted common share for the same period in 2017.                                                  Net interest income increased 14.8% to $12.3 million for the third quarter of 2018, compared to $10.7 million for the same quarter of 2017.                                               Net income available to common shareholders for the year-to-date September 30, 2018 period was $17.6 million or $1. Show less Read more
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