The sequential flatness vs Q2 2026 and the increase in provision for credit losses warrant monitoring, but the YoY trends in NIM expansion, expense control, and asset quality are clearly positive. Watch for any guidance on loan growth trajectory and deposit cost trends in the next quarter.
Price Chart
Executive Summary
Parke Bancorp reported Q3 2026 net income of $12.2M, up 14.5% YoY, driven by a 14.2% increase in net interest income to $23.0M and a 5.4% decline in non-interest expense. The net interest margin improved to 4.10% from 3.83% a year ago, and the efficiency ratio tightened to 28.23%. Asset quality remained strong with nonperforming loans falling 46.2% from year-end 2025. The sequential quarter was essentially flat versus Q2 2026, but the YoY comparison shows solid underlying momentum.
Key Financial Metrics
Key Facts
- Net income available to common shareholders: $12.2M for Q3 2026, +14.5% YoY
- Diluted EPS: $1.02 vs $0.89 in Q3 2025
- Net interest income: $23.0M, +14.2% YoY
- Net interest margin: 4.10% vs 3.83% in Q3 2025
- Efficiency ratio: 28.23% vs 34.09% in Q3 2025
- Nonperforming loans: $5.8M, down 46.2% from $10.8M at Dec 31, 2025
- Gross loans grew $60.9M or 3.0% since year-end 2025 to $2.10B
- Total assets: $2.33B, +3.7% from Dec 31, 2025
- Provision for credit losses increased to $1.0M from $0.4M in Q3 2025
Financial Impact
Net income +14.5% YoY to $12.2M; EPS $1.02 vs $0.89; NIM expanded 27 bps to 4.10%
Risk Factors
- Provision for credit losses increased to $1.0M from $0.4M in Q3 2025, driven by loan growth
- OREO increased to $7.2M from $2.9M at year-end 2025
- Brokered deposits increased $36.9M since year-end, a potentially more expensive funding source
- CEO commentary notes the Fed raised rates 25 bps and further hikes remain possible
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-033062 |
| Document: pkbk20260821_8k.htm | 0001437749-26-033062 |
| Document: 0001437749-26-033062-index-headers.html | 0001437749-26-033062 |
| Document: 0001437749-26-033062-index.html | 0001437749-26-033062 |
| Document: 0001437749-26-033062.txt | 0001437749-26-033062 |
| 8-K Data (Synthetic) | 0001437749-26-033062 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $32.51 $33.24 | ▲ +2.25% | ▲ +3.43% | $33.05 (+1.66%) |
Sep 24, 2026 4w ago | 8-K | $33.78 $33.77 | ▼ −0.03% | ▼ −0.57% | $33.05 (−2.16%) |
Sep 22, 2026 4w ago | 8-K | $33.35 $33.78 | ▲ +1.29% | ▲ +1.37% | $33.05 (−0.90%) |
Sep 22, 2026 4w ago | Press Release | $33.35 $33.78 | ▲ +1.29% | ▲ +1.37% | $33.05 (−0.90%) |
Jul 22, 2026 13w ago | 8-K | $32.41 $32.54 | ▲ +0.40% | ▲ +1.64% | $33.05 (+1.97%) |
Jun 18, 2026 18w ago | 8-K | $31.86 $31.89 | ▲ +0.09% | ▲ +0.41% | $33.05 (+3.74%) |
May 22, 2026 22w ago | 8-K | $31.49 $31.48 | ▼ −0.03% | ▼ −0.62% | $33.05 (+4.95%) |
Apr 21, 2026 26w ago | 8-K | $29.91 $29.84 | ▼ −0.23% | ▼ −1.25% | $33.05 (+10.50%) |
Apr 17, 2026 27w ago | 8-K | $30.43 $30.38 | ▼ −0.16% | ▲ +0.03% | $33.05 (+8.61%) |
US Market Status
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