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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.


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