PARKE BANCORP, INC. reported three months ended March 31, 2026 results: net income $11.8 million, EPS $0.99 per diluted common share.
“Net income available to common shareholders was $11.8 million, or $1.01 per basic common share and $0.99 per diluted common share, for the three months ended March 31, 2026”
James B. Meadows was appointed as Senior Vice President and Chief Credit Officer at PARKE BANCORP, INC..
“On November 1, 2024, James B. Meadows filled the vacated role and was formally approved by the Compensation Committee as Senior Vice President and Chief Credit Officer on January 21, 2025.”
Paul E. Palmieri retired as Senior Vice President and Chief Credit Officer at PARKE BANCORP, INC..
“On October 31, 2024, Paul E. Palmieri, Senior Vice President and Chief Credit Officer of the Company, retired from the Company.”
Shareholder Votes
PARKE BANCORP, INC. shareholders approved Ratification of appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2024 at the 2024-04-23 meeting.
“(2) Ratification of appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2024. For Against Abstain Broker Non-Votes 9,391,212 61,893 11,334 —”
Shareholder Votes
PARKE BANCORP, INC. shareholders approved Election of Directors for three-year terms at the 2024-04-23 meeting.
“(1) Election of Directors for thee-year terms Nominee For Withheld Broker Non-Votes Daniel J. Dalton 4,158,467 2,692,629 2,613,344 Arret F. Dobson 5,210,428 1,640,668 2,613,344”
Earnings Releases
PARKE BANCORP, INC. reported the three months ended March 31, 2024 results: revenue $30.5 million, net income $6.1 million, EPS $0.51 per diluted common share.
“Highlights: Net Income: $6.1 million for Q1 2024 Revenue: $30.5 million for Q1 2024 Total Assets: $2.01 billion, decreased 0.7% from December 31, 2023 Total Loans: $1.79 billion, decreased 0.1% over December 31, 2023 Total Deposits: $1.56 billion, increased 0.7% from December 31, 2023 WASHINGTON TOWNSHIP, NJ, April 19, 2024 - Parke Bancorp, Inc. (“Parke Bancorp” or the "Company") (NASDAQ: “PKBK”), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2024. Highlights for the three months ended March 31, 2024: • Net income available to common shareholders was $6.1 million, or $0.51 per basic common share and $0.51 per diluted common share, for the three months ended March 31, 2024, a decrease of $5.0 million, or 44.8%, compared to net income available to common shareholders of $11.1 million, or $0.93 per basic common share and $0.92 per diluted common share, for the three months ended March 31, 2023.”
Earnings Releases
PARKE BANCORP, INC. reported year ended December 31, 2023 results: revenue 64.2 million, net income 28.4 million, EPS 2.38.
“and benefits expense, lower net interest income, and lower non-interest income, partially offset by lower provision for credit losses. • Net interest income decreased 12.4% to $64.2 million for the fiscal year ended December 31, 2023, compared to $73.3 million for the same period in 2022. • Provision for credit losses decreased $3.9 million to a recovery of $2.1”
Earnings Releases
PARKE BANCORP, INC. reported quarter ended December 31, 2023 results: revenue 15.5 million, net income 8.2 million, EPS 0.68.
“2022. The decrease is primarily driven by lower net interest income, partially offset by a decrease in the provision for credit losses. • Net interest income decreased 18.0% to $15.5 million for the three months ended December 31, 2023, compared to $18.9 million for the same period in 2022. • Provision for credit losses was a recovery of $0.5 million for the three”
Jonathan D. Hill was appointed as Senior Vice President and Chief Financial Officer at PARKE BANCORP, INC..
“On November 29, 2023, the Board of Directors of Parke Bancorp, Inc. (the “Company”) appointed Jonathan D. Hill, age 44, as Senior Vice President and Chief Financial Officer of the Company.”
John S. Kaufman resigned as Senior Vice President and Chief Financial Officer at PARKE BANCORP, INC..
“On October 26, 2023, John S. Kaufman, Senior Vice President and Chief Financial Officer of the Company, resigned his position with the Company, to take effect four weeks from such date, in order to pursue other employment opportunities.”
Earnings Releases
PARKE BANCORP, INC. reported financial results for three and nine months ended September 30, 2023.
“On October 25, 2023, Parke Bancorp, Inc. issued a press release to report earnings for the three and nine months ended September 30, 2023.”
Governance Changes
PARKE BANCORP, INC.: Added revised Section 16 to Article II of Bylaws to permit remote shareholder meetings without a physical location or declared emergency (effective 2023-09-19).
“On September 19, 2023, the Board of Directors of the Corporation adopted an amendment to Article II of Corporation's Bylaws. Article II was amended to add a revised Section 16 which provides, among other things, shareholders meetings may be held remotely, without the necessity of a physical location for the meeting or a state of emergency having been declared.”
Earnings Releases
PARKE BANCORP, INC. reported three and six months ended June 30, 2023 results: revenue $28.9 million, net income $8.1 million, EPS $0.68 per basic common share and $0.67 per diluted common share.
“and CEO John S. Kaufman, Senior Vice President and CFO (856) 256-2500 PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2023 EARNINGS Highlights: Net Income: $8.1 million Revenue: $28.9 million for Q2 2023 Total Assets: $1.98 billion, decreased 0.1% over December 31, 2022 Total Loans: $1.79 billion, increased 2.0% over December 31, 2022 Total Deposits: $1.45 billion,”
Shareholder Votes
PARKE BANCORP, INC. shareholders approved Approval of the advisory (non-binding) proposal regarding our executive compensation at the 2023-04-25 meeting.
“Approval of the advisory (non-binding) proposal regarding our executive compensation. For Against Abstain Broker Non-Votes 6,173,598 510,316 298,327 2,180,996”
Shareholder Votes
PARKE BANCORP, INC. shareholders approved Ratification of appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2023 at the 2023-04-25 meeting.
“Ratification of appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2023. For Against Abstain Broker Non-Votes 9,132,446 13,894 16,898 —”
Shareholder Votes
PARKE BANCORP, INC. shareholders approved Election of Directors for three-year terms at the 2023-04-25 meeting.
“Election of Directors for thee-year terms Nominee For Withheld Broker Non-Votes Vito S. Pantilione 6,783,986 198,256 2,180,996 Edward Infantolino 4,836,915 2,145,327 2,180,996 Elizabeth A. Milavsky 6,725,253 256,989 2,180,996”
Earnings Releases
PARKE BANCORP, INC. reported the quarter ended March 31, 2023 results: revenue $27.8 million, net income $11.1 million, EPS $0.92 per diluted common share.
“Highlights: Net Income: $11.1 million Revenue: $27.8 million for Q1 2023”
Earnings Releases
PARKE BANCORP, INC. reported the fiscal year ended December 31, 2022 results: net income $41.8 million, EPS $3.51 per basic common share and $3.44 per diluted common share.
“Net income available to common shareholders was $41.8 million, or $3.51 per basic common share and $3.44 per diluted common share, for the fiscal year ended December 31, 2022, an increase of $1.1 million, or 2.6%, compared to net income available to common shareholders of $40.7 million, or $3.43 per basic common share and $3.36 per diluted common share, for the fiscal year ended December 31, 2021.”
Earnings Releases
PARKE BANCORP, INC. reported the quarter ended December 31, 2022 results: revenue $26.8 million, net income $10.4 million, EPS $0.88 per basic common share and $0.86 per diluted common share.
“S. Kaufman, Senior Vice President and CFO (856) 256-2500 PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS Highlights: Net Income: $10.4 million for Q4 2022 Revenue: $26.8 million for Q4 2022 Total Assets: $1.98 billion, decreased 7.1% over December 31, 2021 Total Loans: $1.75 billion, increased 18.0% over December 31, 2021 Total Deposits: $1.58 billion,”
Arret F. Dobson was elected as Vice Chairman of the Board at PARKE BANCORP, INC..
“and Director Arret F. Dobson as Vice Chairman of the Board”
Daniel J. Dalton was elected as Chairman of the Board at PARKE BANCORP, INC..
“the Board elected Director Daniel J. Dalton as Chairman of the Board”
Celestino R. Pennoni retired as Chairman of the Board at PARKE BANCORP, INC..
“Effective January 17, 2023, Celestino R. Pennoni, Chairman of the Board, retired from the Board of Directors”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.