earnings
confidence high
sentiment positive
materiality 0.75
Parke Bancorp Q2 net income $12.2M, up 48% YoY; diluted EPS $1.03; NIM stable at 4.17%
PARKE BANCORP, INC.
- Net income $12.2M for Q2 2026, up 47.8% YoY from $8.3M; diluted EPS $1.03 vs $0.69.
- Net interest income $23.0M, up 28.8% YoY; NIM 4.17% flat vs Q1 2026 but up from 3.32% in H1 2025.
- Nonperforming loans fell to $5.4M (0.27% of loans) from $10.8M at Dec 2025, a 49.8% decrease.
- Provision for credit losses $0.7M vs $1.0M in Q2 2025; allowance for credit losses stable at $34.6M (1.70% of loans).
- CEO cites strong performance despite economic headwinds; ROAA improved to 2.18% from 1.52%, efficiency ratio 30.16%.