Parke Bancorp Reports Strong Third Quarter 2026 Earnings Growth

Parke Bancorp, Inc. (PKBK) announced robust financial results for the third quarter of 2026, highlighted by a 14.5% year-over-year increase in net income to $12.2 million. The growth was primarily driven by a significant rise in net interest income, which climbed 14.2% to $23.0 million for the quarter, alongside a reduction in non-interest expenses. The company's year-to-date performance remains strong, with nine-month net income rising 35.9% compared to the previous year. This upward trend is supported by an improved Net Interest Margin (NIM) of 4.15% for 2026, up from 3.49% in the prior year period. Total assets also saw a steady increase of 3.7% since the end of 2025.

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