Key Highlights

  • Parke Bancorp's $0.20 quarterly dividend has an October 2, 2026 ex-dividend date and is payable October 16 to stockholders of record.
  • Second-quarter net income available to common shareholders was $12.2 million, or $1.03 per diluted share, versus $8.3 million, or $0.69.
  • Net interest income was $23.0 million versus $17.9 million, and the net interest margin was 4.17% versus 3.41%.
  • First-half net income available to common shareholders was $24.1 million, or $2.02 per diluted share, and the second-quarter provision was $0.7 million.

Overview

Parke Bancorp, Inc.'s (NASDAQ:PKBK) $0.20 quarterly dividend yields 2.40% and sits beside second-quarter diluted EPS of $1.03 and first-half diluted EPS of $2.02. The Board declared the dividend on September 22, 2026, the same $0.20 declared in June 2026.

Dividend Program and Shareholder Returns

Parke Bancorp declared a $0.20 per share cash dividend on September 22, 2026, payable October 16 to stockholders of record as of the close of business on October 2.

The June 18, 2026 declaration of $0.20 was payable July 17 to stockholders of record as of July 3. The company's release states that the Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by the Board, which takes into account the financial condition of the company and the bank and any applicable legal and regulatory restrictions.

About the Company

Parke Bancorp, headquartered in Washington Township, New Jersey, is the holding company for Parke Bank, which commenced operations in January 1999. The company was incorporated in January 2005. Parke Bank serves communities in New Jersey and Pennsylvania.

Financial Performance Behind the Payout

Parke Bancorp reported second-quarter net income available to common shareholders of $12.2 million, up 47.8% from $8.3 million, with diluted EPS of $1.03 versus $0.69. First-half net income available to common shareholders was $24.1 million, up 50%, with diluted EPS of $2.02.

Net interest income rose to $23.0 million from $17.9 million. The company attributed the earnings increase to a $5.1 million increase in net interest income and a $0.3 million decrease in the provision for credit losses, partly offset by a $0.2 million increase in non-interest expense. The provision was $0.7 million versus $1.0 million.

Revenue was $39.3 million, up 4.1% from the first quarter. The net interest margin was 4.17% for both the quarter and year to date, versus 3.41% a year earlier. The efficiency ratio was 30.16% for the first six months.

Net Interest Income Behind the Earnings Increase

The company said higher interest and fees on loans offset lower interest on deposits with banks, and that lower deposit and borrowing costs also contributed. Net interest income increased 28.8% from the prior-year quarter.

Outlook

The measures in the second-quarter release are the net interest margin, at 4.17% year to date, the efficiency ratio of 30.16% for six months, and the $0.7 million provision for credit losses. Each dividend remains subject to the Board's quarterly determination.