---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-23-000059"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:14:55.466985+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp Q2 net income falls 24% YoY to $8.1M; EPS $0.68 vs $0.90

## Summary
- Net income $8.1M ($0.68 basic EPS), down 24.3% from $10.7M ($0.90 EPS) in Q2 2022.
- Net interest income $15.9M, down 11.7% YoY; provision for credit losses $500K vs $350K.
- Non-interest income down 36.5% to $1.6M; non-interest expense up 11.5% to $6.4M.
- Total deposits fell 8.2% to $1.45B since year-end; NPLs rose to $19.5M (1.09% of loans).
- CEO cites inflation, deposit competition, and cautious lending; tangible book value $23.33.

## SEC filing metadata
- accession: 0001315399-23-000059
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000059/0001315399-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000059/pkbk-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-23-000059
- JSON: https://secwatch.observer/filing/0001315399-23-000059.json
- Plain text: https://secwatch.observer/filing/0001315399-23-000059.txt

## Key facts
- Earnings Releases
  PARKE BANCORP, INC. reported three and six months ended June 30, 2023 results: revenue $28.9 million, net income $8.1 million, EPS $0.68 per basic common share and $0.67 per diluted common share.
  - Period: three and six months ended June 30, 2023
  - Revenue: $28.9 million
  - Net income: $8.1 million
  - EPS: $0.68 per basic common share and $0.67 per diluted common share
  - Result: reported results
  source text: and CEO John S. Kaufman, Senior Vice President and CFO (856) 256-2500 PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2023 EARNINGS Highlights: Net Income: $8.1 million Revenue: $28.9 million for Q2 2023 Total Assets: $1.98 billion, decreased 0.1% over December 31, 2022 Total Loans: $1.79 billion, increased 2.0% over December 31, 2022 Total Deposits: $1.45 billion,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000059/0001315399-23-000059-index.htm

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