WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Monday reported second-quarter earnings of $6.5 million.
The bank, based in Washington Township, New Jersey, said it had earnings of 55 cents per share.
The holding company for Parke Bank posted revenue of $21.4 million in the period. Its revenue net of interest expense was $15.8 million, surpassing Street forecasts.
Parke Bancorp shares have decreased 47% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.20, a decrease of 43% in the last 12 months.