---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-24-000073"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:44:23.703492+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp Q3 net income $7.5M, up 16% QoQ; NPLs rise to $12.2M

## Summary
- Net income $7.5M ($0.63 EPS) in Q3 2024, up 16% QoQ; YoY comp inflated by $9.5M 2023 loss contingency.
- Net interest income fell 6.1% YoY to $14.7M on higher deposit/borrowing costs; total revenue $33.0M, up 5.2% QoQ.
- Nonperforming loans increased 68% from Dec 2023 to $12.2M (0.66% of loans); ACL at $32.3M (265% of NPLs).
- Total assets $2.07B (+2.1% YTD); loans $1.84B (+2.9% YTD); deposits $1.56B (+0.4% YTD); book value $24.92.
- CEO noted Fed rate cut but warned of geopolitical risks; sees stable residential construction activity.

## SEC filing metadata
- accession: 0001315399-24-000073
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539924000073/0001315399-24-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539924000073/pkbk-20241018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-24-000073
- JSON: https://secwatch.observer/filing/0001315399-24-000073.json
- Plain text: https://secwatch.observer/filing/0001315399-24-000073.txt

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