Parke Bancorp stock: Q3 profit climbs on stronger lending
Published on 11/10/2026 at 02:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSParke Bancorp posts stronger quarterly earnings
- Net income available to common shareholders rose on higher net interest income and lower non-interest expense.
- Loan growth and a wider net interest margin supported profitability through the first nine months.
- Credit quality improved year to date, although other real estate owned increased.
Parke Bancorp reported stronger third-quarter results on October 21, 2026, with net income available to common shareholders reaching USD 12.2 million for the three months ended September 30. The figure increased 14.5 percent from a year earlier, according to the Parke Bancorp earnings release.
Loan growth lifts bank income
Net interest income rose 14.2 percent to USD 23.0 million, while non-interest expense fell 5.4 percent to USD 6.8 million. The gains were partly offset by a higher provision for credit losses of USD 1.0 million, compared with USD 0.4 million in the prior-year quarter.
For the first nine months, net income available to common shareholders increased 35.9 percent to USD 36.2 million. Diluted earnings per share rose to USD 3.04 from USD 2.23, while net interest income climbed 24.8 percent to USD 68.2 million.
Balance sheet expands as credit quality improves
Gross loans increased 3.0 percent from December 31, 2025, to USD 2.10 billion at September 30, 2026. Total assets rose 3.7 percent to USD 2.33 billion, and the year-to-date net interest margin widened to 4.15 percent from 3.49 percent in the comparable period.
Non-accrual loans declined 46.2 percent from year-end to USD 5.8 million, or 0.28 percent of total loans. Other real estate owned rose to USD 7.2 million, indicating that asset-quality trends were mixed even as non-accrual loans improved.
Community bank serves two-state region
Parke Bancorp is the holding company for Parke Bank, which provides personal and business banking, deposits, residential and business lending, debit cards and digital banking services. The bank serves families and businesses in New Jersey and Pennsylvania, with a local community-banking model and specialized offerings including cannabis banking. Its regional focus places it among community lenders serving the same customer base rather than national full-service banking groups.
Parke Bancorp at a glance
- Company: Parke Bancorp, Inc.
- ISIN: US7008851062
- Ticker: PKBK
- Exchange: Nasdaq
- Third-quarter net income: USD 12.2 million for the three months ended September 30, 2026
- Nine-month diluted earnings per share: USD 3.04 through September 30, 2026
- Total assets: USD 2.33 billion at September 30, 2026
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