secwatch.observer — SEC 8-K summary
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Issuer:     PARKE BANCORP, INC. (PKBK)
CIK:        0001315399
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001315399-25-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parke Bancorp Q1 net income $7.8M, EPS $0.66, up 26.5% YoY
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- Net income $7.8M ($0.66 basic EPS) vs $6.1M ($0.51) in Q1 2024; net interest income rose 18.2% to $16.6M.
- Total loans grew 0.8% to $1.88B; deposits up 2.2% to $1.67B; borrowings reduced $40M.
- Nonperforming loans fell to $11.1M (0.59% of loans); allowance to NPL ratio improved to 297.5%.
- Efficiency ratio improved to 37.1% from 43.2% a year ago; total assets flat at $2.14B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315399/000131539925000039/0001315399-25-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315399/000131539925000039/pkbk-20250417.htm
  HTML page:      https://secwatch.observer/filing/0001315399-25-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer