---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-24-000053"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T18:59:25.778977+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp Q2 2024 net income $6.5M, down 20.6% YoY; EPS $0.54 vs $0.68

## Summary
- Net income available to common shareholders $6.5M ($0.54 basic EPS), down $1.7M or 20.6% from Q2 2023.
- Net interest income fell 9.8% to $14.3M on higher funding costs; total revenue $31.4M up 8.8% QoQ.
- Total deposits decreased 3.6% to $1.50B from Dec 2023; borrowings increased $50.1M to $218.2M.
- Provision for credit losses $0.5M, unchanged YoY; ACL-to-loans ratio steady at 1.80%.
- Tangible book value per share rose to $24.46 from $23.75 at Dec 2023.

## SEC filing metadata
- accession: 0001315399-24-000053
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1315399/000131539924000053/0001315399-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539924000053/pkbk-20240719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-24-000053
- JSON: https://secwatch.observer/filing/0001315399-24-000053.json
- Plain text: https://secwatch.observer/filing/0001315399-24-000053.txt

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