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Parke Bancorp: 1Q Earnings Snapshot

WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Tuesday reported first-quarter net income of $7.1 million.

The bank, based in Washington Township, New Jersey, said it had earnings of 65 cents per share.

The holding company for Parke Bank posted revenue of $19.3 million in the period. Its revenue net of interest expense was $14.4 million, which beat Street forecasts.

Parke Bancorp shares have increased 20 percent since the beginning of the year. The stock has climbed 18 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKBK at https://www.zacks.com/ap/PKBK