Share this article
Share this article
WASHINGTON TOWNSHIP, N.J., April 23, 2021 /PRNewswire/ Parke Bancorp, Inc. (the Company ) (NASDAQ: PKBK) today announced the declaration of a $0.16 per share cash dividend payable on May 18, 2021, to its stockholders of record as of the close of business on May 4, 2021.
The Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by the Board of Directors, which will take into account a number of factors, including the financial condition of the Company and the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Company. If paid, such dividends may be reduced or eliminated in future periods.
Revenue:
Total Assets:
Total Loans:
Total Deposits:
$1.73 billion, increased 8.7% over December 31, 2020
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, 2021.
Highlights for the three months ended March 31, 2021:
Net income available to common shareholders was $9.4 million, or $0.79 per basic common share and $0.78 per diluted common share for the three months ended March 31, 2021, an increase of $2.2 million, or 30.8%, compared to net income available to common shareholders of $7.2 million, or $0.61 per basic common share and $0.60 per diluted common share for the same quarter in 2020. The increase is primarily driven by an increase in net interest income, reduced loan loss provision, and higher non-interest income, partially offset by higher non-interest expense.
$23.2 million in the period. Its revenue net of interest expense was
$18.6 million, beating Street forecasts.
For the year, the company reported profit of
$28.4 million, or
$66.8 million.
Parke Bancorp shares have climbed 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit
$17.76, a fall of 20% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from
Zacks Investment Research. Access a
Copyright by Automated Insights, Inc. All rights reserved., source
Associated Press News
03/31
Total Assets:
Total Loans:
Total Deposits:
$1.59 billion, increased 18.9% over December 31, 2019
Parke Bancorp, Inc. ( Parke Bancorp ) (NASDAQ: PKBK ), the parent company of Parke Bank, announced its operating results for the quarter and year ended December 31, 2020.
Highlights for fourth quarter and year ended December 31, 2020:
Net income available to common shareholders was $8.1 million, or $0.69 per basic common share and $0.68 per diluted common share for the fourth quarter of 2020, an increase of $585,000, or 7.8%, compared to net income available to common shareholders of $7.5 million, or $0.64 per basic common share and $0.63 per diluted common share for the same quarter in 2019. The increase is primarily driven by an increase in net interest income and higher non-interest income partially offset by a higher loan losses provision and non-interest expense.
Share this article
Share this article
WASHINGTON TOWNSHIP, N.J., Jan. 20, 2021 /PRNewswire/ Parke Bancorp, Inc. (the Company ) (NASDAQ: PKBK) today announced the declaration of a $0.16 per share cash dividend payable on February 16, 2021, to its stockholders of record as of the close of business on February 1, 2021.
The Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by the Board of Directors, which will take into account a number of factors, including the financial condition of the Company and the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Company. If paid, such dividends may be reduced or eliminated in future periods.