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Parke Bancorp: 3Q Earnings Snapshot

October 23, 2019 GMT

WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Wednesday reported third-quarter net income of $7.8 million.

The Washington Township, New Jersey-based bank said it had earnings of 71 cents per share.

The holding company for Parke Bank posted revenue of $21.7 million in the period. Its revenue net of interest expense was $15.8 million, beating Street forecasts.

Parke Bancorp shares have climbed 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.63, a climb of 21% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKBK at https://www.zacks.com/ap/PKBK