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Parke Bancorp: Q2 Earnings Snapshot

Last Updated Jul 21, 2021 at 3:14 pm MDT

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.

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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