---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-25-000003"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2025-01-24T23:59:59+00:00"
generated_at: "2026-05-27T10:34:45.794485+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp Q4 net income $7.4M ($0.62/share), down 9.5% YoY; FY net income $27.5M down 3.3%

## Summary
- Q4 net income $7.4M ($0.62 basic EPS), down 9.5% from Q4 2023; FY net income $27.5M ($2.30 basic EPS), down 3.3% from FY 2023.
- Net interest income FY 2024 $58.7M, down 8.6% YoY; non-interest income down 35.7% to $4.3M, partly due to lower cannabis-related deposit fees.
- Nonperforming loans rose to $11.8M (0.63% of loans) at Dec 31, 2024 from $7.3M a year earlier; ACL ratio to NPLs fell to 276.5% from 442.5%.
- Total assets $2.14B (+5.9% YoY); deposits $1.63B (+5.0%); cannabis-related deposits nearly doubled to $151.9M.
- CEO cites higher interest expense from delayed rate cuts; tight cost control with efficiency ratio near 41%.

## SEC filing metadata
- accession: 0001315399-25-000003
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2025-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539925000003/0001315399-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539925000003/pkbk-20250124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-25-000003
- JSON: https://secwatch.observer/filing/0001315399-25-000003.json
- Plain text: https://secwatch.observer/filing/0001315399-25-000003.txt

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