---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-23-000033"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T18:34:19.819661+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp Q1 net income up 10% to $11.1M; deposits down 7%, borrowings up 65%

## Summary
- Net income available to common shareholders $11.1M ($0.93 basic EPS) vs $10.1M in Q1 2022, up 10.3%.
- Deposits fell 7.1% to $1.46B; borrowings increased $82M to $208.1M to fund loans.
- Net interest income flat at $17.1M; recorded $2.4M credit provision vs no provision in prior year.
- Non-interest expense rose 19.1% to $6.8M, driven by compensation and benefits.
- CEO cites deposit challenges, higher rates, uncertain economy; maintains strong loan pipeline.

## SEC filing metadata
- accession: 0001315399-23-000033
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000033/0001315399-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000033/pkbk-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-23-000033
- JSON: https://secwatch.observer/filing/0001315399-23-000033.json
- Plain text: https://secwatch.observer/filing/0001315399-23-000033.txt

## Key facts
- Earnings Releases
  PARKE BANCORP, INC. reported the quarter ended March 31, 2023 results: revenue $27.8 million, net income $11.1 million, EPS $0.92 per diluted common share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $27.8 million
  - Net income: $11.1 million
  - EPS: $0.92 per diluted common share
  - Result: reported results
  source text: Highlights: Net Income: $11.1 million Revenue: $27.8 million for Q1 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000033/0001315399-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.