Parke Bancorp Q1 earnings jump 52% on margin expansion; deposits fall 3.4% as litigation worsens

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~1 min read

Key Changes

• high

  Net income rose 52% to $11.8M and diluted EPS climbed to $0.99 from $0.65, driven by net interest income growth of 33% and a 96-basis-point margin expansion to 4.17%.

  MD&A: Financial Performance verify on EDGAR →
• high

  Court ruled against the Bank in Mori Restaurant case, finding REO subsidiary liable for rent and granting repossession; damages trial set for June 2026 after diner was surrendered in November 2025.

  Legal Proceedings verify on EDGAR →
• high

  Deposits declined $59.9M (3.4%) in Q1, concentrated in noninterest-bearing accounts ($32.4M) and time deposits ($38.0M), while FHLBNY borrowings increased $10M to offset outflows.

  MD&A: Funding verify on EDGAR →