Parke Bancorp: Q1 Earnings Snapshot
WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Thursday reported first-quarter net income of $9.4 million.
The bank, based in Washington Township, New Jersey, said it had earnings of 78 cents per share.
The holding company for Parke Bank posted revenue of $22.8 million in the period. Its revenue net of interest expense was $19 million, which topped Street forecasts.
Parke Bancorp shares have increased 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.68, a climb of 46% in the last 12 months.