Parke Bancorp (PKBK) Raises Quarterly Dividend 16.7% to $0.14, 2.7% Yield; Announces 11 for 10 Share Split

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Go back to Parke Bancorp (PKBK) Raises Quarterly Dividend 16.7% to $0.14, 2.7% Yield; Announces 11 for 10 Share Split

Parke Bancorp (PKBK) Reports 1Q EPS of $0.58

April 17, 2018 9:39 AM EDT

Parke Bancorp, Inc. (NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2018.

Parke Bancorp reported net income available to common shareholders of $5.5 million, or $0.69 per common share and $0.58 per diluted common share, for the quarter ended March 31, 2018. This compares to net income of $3.2 million, or $0.42 per common share and $0.35 per diluted common share for the quarter ended March 31, 2017.

The following is a recap of the significant items that impacted the first quarter of 2018 compared to the same quarter last year: an increase of $2.4 million in... More