---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-23-000069"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:56:45.008061+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp Q3 net income sinks 90% to $1.0M on $9.5M armored car theft loss

## Summary
- Net income available to common shareholders fell 90.3% to $1.0M ($0.08 diluted EPS) vs $10.5M ($0.87) a year ago.
- Q3 revenue was $30.9M, up 6.92% from Q2 2023; total assets $1.98B, loans $1.80B (+2.8% YTD), deposits $1.53B (-2.7% YTD).
- Earnings hit by $9.5M contingent loss recognition from cash stolen at a third-party armored car carrier facility.
- Adjusted for the theft loss (tax-effected $7.3M), adjusted net income would have been $8.3M, or $0.68 diluted EPS.

## SEC filing metadata
- accession: 0001315399-23-000069
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000069/0001315399-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000069/pkbk-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-23-000069
- JSON: https://secwatch.observer/filing/0001315399-23-000069.json
- Plain text: https://secwatch.observer/filing/0001315399-23-000069.txt

## Key facts
- Earnings Releases
  PARKE BANCORP, INC. reported financial results for three and nine months ended September 30, 2023.
  - Period: three and nine months ended September 30, 2023
  - Result: reported results
  source text: On October 25, 2023, Parke Bancorp, Inc. issued a press release to report earnings for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000069/0001315399-23-000069-index.htm

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