Parke Bancorp, Inc. (OQ:PKBK)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 601 Delsea Dr, P.O. Box 40 SEWELL NJ 08080-9325 |
| Tel: | N/A |
| Website: | https://www.parkebancorp.q4ir.com |
| IR: | See website |
| Key People | ||
| Vito S. Pantilione President, Chief Executive Officer, Director | Jonathan D. Hill Chief Financial Officer, Senior Vice President | Ralph Martin Gallo Chief Operating Officer, Executive Vice President |
| Ralph A. Bonadies Senior Vice President, Chief Risk Officer | Paul E. Palmieri Chief Credit Officer, Senior Vice President | Nicholas J. Pantilione Senior Vice President, Chief Lending Officer |
| Business Overview |
| Parke Bancorp, Inc. is a bank holding company for Parke Bank (the Bank). The Company, through its wholly owned subsidiary, provides personal and business financial services to individuals and small to mid-sized businesses. It offers a range of loan products, deposits services and other financial products through its retail branches and other channels to its customers. Its lending businesses consist of commercial real estate lending, residential real estate lending and construction lending. It also offers a range of commercial and industry loan, and consumer loan products to its customers. It funds its lending business primarily with deposits generated through retail deposits and commercial relationships. Its deposit products include checking, savings, money market deposits, time deposits and other traditional deposit services. In addition to traditional products and services, it offers contemporary products and services, such as debit cards, Internet banking, and online bill payment. |
| Financial Overview |
| For the three months ended 31 March 2024, Parke Bancorp, Inc. interest income increased 13% to $29.5M. Net interest income after loan loss provision decreased 29% to $13.9M. Net income applicable to common stockholders decreased 45% to $6.1M. Net interest income after loan loss provision reflects Interest on deposits with banks decrease of 10% to $1.1M. Net income also reflects Interest on deposits increase of 77% to $13.5M (expense). |
| Employees: | 101 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $70.57M as of Mar 31, 2024 |
| Annual revenue (TTM): | $116.16M as of Mar 31, 2024 |
| EBITDA (TTM): | $29.49M as of Mar 31, 2024 |
| Net annual income (TTM): | $23.46M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 11,958,321 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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