Parke Bancorp: 4Q Earnings Snapshot
WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Thursday reported net income of $6.8 million in its fourth quarter.
The Washington Township, New Jersey-based bank said it had earnings of 63 cents per share.
The holding company for Parke Bank posted revenue of $18.3 million in the period. Its revenue net of interest expense was $14 million, topping Street forecasts.
For the year, the company reported profit of $24.8 million, or $2.28 per share. Revenue was reported as $51.5 million.
Parke Bancorp shares have dropped almost 2 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.38, a decline of slightly more than 4 percent in the last 12 months.