Parke Bancorp Inc (PKBK) Reports Decline in Q4 Net Income Amidst Rising Interest Expenses [Yahoo! Finance]
Parke Bancorp, Inc. (PKBK)
US:NASDAQ Investor Relations:
parkebank.com/about-parke-bank
Company Research
Source: Yahoo! Finance
Total Assets: Increased by 1.9% to $2.02 billion as of December 31, 2023. Total Loans: Rose by 2.0% to $1.79 billion compared to the end of 2022. Total Deposits: Experienced a decrease of 1.5% to $1.55 billion. Net Interest Income: Saw an 18.0% decrease in Q4 to $15.5 million. Provision for Credit Losses: A recovery of $0.5 million in Q4, compared to a provision of $0.9 million in the same period in 2022. On January 24, 2024, Parke Bancorp Inc ( NASDAQ:PKBK ) released its 8-K filing , disclosing its financial results for the fourth quarter of 2023. The company, which operates as a commercial bank offering a range of financial services to individuals and small to mid-sized businesses, faced a challenging year marked by a decrease in net income and net interest income, despite an increase in total assets and loans. Performance Overview Parke Bancorp Inc reported a net income available to common shareholders of $8.2 million for Q4 2023, which represents a decrease of 21.8%
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News
- Parke Bancorp First Quarter 2024 Earnings: EPS: US$0.51 (vs US$0.93 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS [Yahoo! Finance]Yahoo! Finance
- PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGSPR Newswire
- Parke Bancorp, Inc. (NASDAQ:PKBK) Looks Like A Good Stock, And It's Going Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Parke Bancorp's (NASDAQ:PKBK) Dividend Will Be $0.18 [Yahoo! Finance]Yahoo! Finance
PKBK
Sec Filings
- 4/26/24 - Form 4
- 4/24/24 - Form 8-K
- 4/19/24 - Form 8-K
- PKBK's page on the SEC website