PARKE BANCORP, INC.

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%.

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.

Parke Bancorp, Inc. announced the declaration of a cash dividend of $0.20 per share. The dividend is scheduled to be paid on July 17, 2026, to shareholders who are on record as of the close of business on July 3, 2026. The company's Board of Directors anticipates continuing to pay quarterly cash dividends, contingent on future determinations and the company's financial condition.

Parke Bancorp, Inc. announced that its Board of Directors has approved a new stock repurchase program. The program authorizes the repurchase of up to 5% of the company's common stock over the next twelve months. Purchases will be conducted in the open market, subject to market conditions and regulatory requirements.

Parke Bancorp, Inc. reported a significant increase in net income and earnings per share for the first quarter of 2026. Net income available to common shareholders jumped 52.3% to $11.84 million, with basic EPS rising to $1.01. This strong performance was driven by a 33.3% increase in net interest income and a substantial 65.8% reduction in the provision for credit losses. While total assets and deposits saw a slight sequential decrease, net loans and total shareholders' equity both increased.

PARKE BANCORP, INC. announced that its Board of Directors approved a two-cent increase in the cash dividend for the second fiscal quarter of 2026. This decision raises the quarterly dividend to $0.20 per share. The increased dividend reflects the company's commitment to returning value to shareholders.

Parke Bancorp, Inc. announced that it issued a press release on April 17, 2026, detailing its financial results for the first quarter ended March 31, 2026. The press release, which contains the full earnings report, was furnished as Exhibit 99.1 to its Current Report on Form 8-K. This filing serves to inform investors about the availability of the company's latest quarterly financial performance.