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Stock impact report

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS

Parke Bancorp, Inc. (PKBK) 
US:NASDAQ Investor Relations: parkebank.com/about-parke-bank
Company Research Source: PR Newswire
 Highlights:Net Income:$6.1 million for Q1 2024Revenue:$30.5 million for Q1 2024Total Assets:  $2.01 billion,  decreased 0.7% from December 31, 2023Total Loans:  $1.79 billion,  decreased 0.1% over December 31, 2023Total 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 $0.51 per basic common share and $0.51 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 $0.93 per basic common share and $0.92 per diluted common share, for the three months ended March 31, 2023. The decrease was primarily due Show less Read more
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