Parke Bancorp earnings jump 37% on margin expansion; cannabis deposits fall 59%, BSA consent orders disclosed

Filed March 11, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 12, 2025 · ~2 min read

Key Changes

• high

  Net income rose 37% to $37.8M ($3.16/share diluted) as net interest margin expanded 64 basis points to 3.64%, reversing prior-year compression. Strong loan growth ($167M) and stable deposit costs drove the turnaround.

  MD&A: Net Income and Margin verify on EDGAR →
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  Cannabis deposits plunged $90M (59%) to $61.9M (3.5% of total deposits), down from 9.3% prior year. Cannabis loans grew modestly to $47M. The shift reduces regulatory and reputational risk tied to cannabis banking.

  Business: Cannabis Concentration verify on EDGAR →
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  Bank entered Consent Orders with FDIC and New Jersey regulators on Feb 28, 2025 for BSA/AML compliance deficiencies. No fines or capital requirements imposed, but corrective actions required and growth may be restricted until remediated.

  Business: Consent Orders verify on EDGAR →