Quarterly ResultJul 22, 2026, 08:37 AM
Parke Bancorp Q2 Net Income +47.8% to $12.2M; EPS $1.03
AI Summary
Parke Bancorp announced strong operating results for the second quarter and first half of 2026. Net income for Q2 2026 rose 47.8% to $12.2 million, with diluted EPS increasing to $1.03. For the six months ended June 30, 2026, net income surged 50.0% to $24.1 million, driven by a significant increase in net interest income and improved net interest margin of 4.17%. The company also reported a 2.4% increase in total assets and a nearly 50% reduction in nonperforming loans, reflecting effective balance sheet management despite economic volatility.
Key Highlights
- Net income for Q2 2026 was $12.2 million, a 47.8% increase year-over-year.
- Diluted EPS for Q2 2026 was $1.03, up from $0.69 in Q2 2025.
- Net income for the six months ended June 30, 2026, was $24.1 million, a 50.0% increase year-over-year.
- Net interest income increased 28.8% to $23.0 million for Q2 2026.
- Net Interest Margin (NIM) was 4.17% for Q2 2026, up from 3.41% in Q2 2025.
- Total assets increased to $2.30 billion at June 30, 2026, up 2.4% from December 31, 2025.
- Nonperforming loans decreased 49.8% to $5.4 million at June 30, 2026.
- Efficiency ratio improved to 30.16% for the six months ended June 30, 2026.
Price Impact
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