Quarterly ResultAug 5, 2026, 01:24 PM
Parke Bancorp Q2 Net Income +47.8% to $12.24M; EPS $1.04
AI Summary
Parke Bancorp reported strong financial results for the second quarter and first six months ended June 30, 2026. Net income for Q2 2026 surged by 47.8% to $12.24 million, with basic earnings per share rising to $1.04. Year-to-date net income also saw a significant increase of 50.1% to $24.09 million, and basic EPS reached $2.05. The company's total assets grew to $2.30 billion, while net interest income for the quarter increased by 28.8%.
Key Highlights
- Q2 2026 Net Income $12.24M, up 47.8% from Q2 2025.
- Q2 2026 Basic EPS $1.04, up 48.6% from $0.70 in Q2 2025.
- YTD 2026 Net Income $24.09M, up 50.1% from YTD 2025.
- YTD 2026 Basic EPS $2.05, up 50.7% from $1.36 in YTD 2025.
- Total assets grew 2.4% to $2.30B as of June 30, 2026.
- Net interest income for Q2 2026 increased 28.8% to $23.01M.
- Total deposits were $1.76B as of June 30, 2026.
- Net loans were $1.997B as of June 30, 2026.
Price Impact
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