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PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2024 EARNINGS [Yahoo! Finance]

Parke Bancorp, Inc. (PKBK) 
US:NASDAQ Investor Relations: parkebank.com/about-parke-bank
Company Research Source: Yahoo! Finance
Total Assets: $2.03 billion, increased 0.2% over December 31, 2023 Total Loans: $1.81 billion, increased 1.0% over December 31, 2023 Total Deposits: $1.50 billion, decreased 3.6% from December 31, 2023 WASHINGTON TOWNSHIP, N.J. July 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 three and six months ended June 30, 2024 Highlights for the three and six months ended June 30, 2024: Net income available to common shareholders was $6.5 million , or per basic common share and per diluted common share, for the three months ended June 30, 2024 , a decrease of $1.7 million , or 20.6%, compared to net income available to common shareholders of $8.1 million , or per basic common share and per diluted common share, for the three months ended June 30, 2023 . The decrease was primarily due to higher interest expense and lower non-interest income. Net inter Show less Read more
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