WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Wednesday reported second-quarter net income of $10.8 million.
The Washington Township, New Jersey-based bank said it had earnings of 89 cents per share.
The holding company for Parke Bank posted revenue of $23.5 million in the period. Its revenue net of interest expense was $20.2 million, exceeding Street forecasts.
Parke Bancorp shares have increased 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.52, a rise of 62% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKBK at https://www.zacks.com/ap/PKBK
The Associated Press