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Get filing alertsParke Bancorp reports Q2 net income up 47.8% to $12.2M on net interest income growth
Filed July 22, 2026 · Period ending July 22, 2026 · ~1 min read
Key Changes
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Q2 2026 net income rose 47.8% to $12.2M ($1.03/diluted share) from $8.3M in Q2 2025, driven by $5.1M increase in net interest income and lower credit-loss provision.
Exhibit 99.1 view on EDGAR → -
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Net interest income grew 28.8% to $23.0M from $17.9M, with net interest margin stable at 4.17%. Higher loan yields and lower deposit/borrowing costs drove the gain.
Exhibit 99.1 view on EDGAR → -
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Nonperforming loans fell 49.8% to $5.4M (0.27% of total loans) from $10.8M at year-end 2025. Allowance coverage of NPLs improved to 639.4% from 321.0%.
Exhibit 99.1 view on EDGAR → -
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Return on average assets improved to 2.18% from 1.52% and return on average equity rose to 14.40% from 10.53% for the six months ended June 30, 2026.
Exhibit 99.1 view on EDGAR → -
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Total assets grew 2.4% to $2.30B, with cash up $47.9M to $204.7M due to loan payoff timing. Gross loans decreased $3.9M to $2.03B; deposits rose $0.9M to $1.76B.
Exhibit 99.1 view on EDGAR →
Summary
Parke Bancorp delivered strong second-quarter results, with net income up nearly 48% year-over-year to $12.2 million. The driver was a 28.8% jump in net interest income to $23.0 million, reflecting higher loan yields from rising market rates and lower funding costs on deposits and borrowings. The net interest margin held steady at 4.17%, a sign the bank is managing the rate environment effectively.
Profitability metrics improved across the board: return on assets rose to 2.18% and return on equity to 14.40% for the first half of 2026, while the efficiency ratio tightened to 30.16%. Asset quality showed meaningful improvement. Nonperforming loans fell by half to $5.4 million, or just 0.27% of total loans, and the allowance now covers NPLs at 639%, up from 321% at year-end.
The balance sheet grew modestly to $2.30 billion, with a $47.9 million cash build from loan payoffs and a $34.0 million increase in FHLB borrowings. For retail holders, the combination of strong earnings growth, stable margins, and improving credit quality suggests the bank is executing well in the current rate environment.
Section-by-Section Diff
Event · Exhibit 99.1
Parke Bancorp reported Q2 2026 net income of $12.2M (up 47.8% YoY), driven by 28.8% net interest income growth and stable 4.17% net interest margin.
Added in current filing · view on EDGAR →
Net income available to common shareholders was $12.2 million, or $1.04 per basic common share and $1.03 per diluted common share, for the three months ended June 30, 2026, an increase of $4.0 million, or 47.8%, compared to net income available to common shareholders of $8.3 million, or $0.70 per basic common share and $0.69 per diluted common share, for the three months ended June 30, 2025.
The company reported second quarter 2026 net income of $12.2 million, or $1.03 per diluted share, up 47.8% from $8.3 million in the prior-year quarter. The increase was driven by a $5.1 million rise in net interest income and a $0.3 million decrease in credit-loss provision, partially offset by a $0.2 million increase in non-interest expense.
Added in current filing · view on EDGAR →
Net interest income increased $5.1 million, or 28.8%, to $23.0 million for the three months ended June 30, 2026, compared to $17.9 million for the same period in 2025.
Net interest income rose 28.8% to $23.0 million in Q2 2026 from $17.9 million in Q2 2025, driven by higher interest and fees on loans (up $4.2 million due to higher market rates and larger average loan balances) and lower interest expense on deposits and borrowings (down $1.7 million due to lower market rates). The net interest margin held steady at 4.17%.
Added in current filing · view on EDGAR →
Nonperforming loans at June 30, 2026 decreased to $5.4 million, or 0.27% of total loans, a decrease of $5.4 million, or 49.8%, from $10.8 million of nonperforming loans at December 31, 2025.
Nonperforming loans fell 49.8% to $5.4 million (0.27% of total loans) at June 30, 2026, from $10.8 million at year-end 2025. The allowance for credit losses remained at $34.6 million (1.70% of total loans), but coverage of nonperforming loans improved to 639.4% from 321.0%. OREO increased $3.9 million to $6.8 million, while loans past due 30-89 days decreased $1.4 million to $2.1 million.
Added in current filing · view on EDGAR →
Total assets increased to $2.30 billion at June 30, 2026, from $2.25 billion at December 31, 2025, an increase of $53.6 million, or 2.4%, primarily due to an increase in cash and cash equivalents, and an increase in other real estate owned, partially offset by a decrease in net loans.
Total assets grew 2.4% to $2.30 billion at June 30, 2026, from $2.25 billion at year-end 2025. Cash and cash equivalents rose $47.9 million to $204.7 million due to loan payoff timing. Gross loans decreased $3.9 million to $2.03 billion. Total deposits increased $0.9 million to $1.76 billion, while FHLBNY borrowings rose $34.0 million to $164.0 million. Total equity increased $21.6 million to $346.9 million, driven by retained earnings net of $4.5 million in cash dividends.
Added in current filing · view on EDGAR →
Return on average assets increased to 2.18% from 1.52%, while return on average common equity rose to 14.40% from 10.53% during the same period in 2025. Disciplined expense management continued to contribute to our strong performance. The Bank’s efficiency ratio improved to 30.16% compared to 36.60% for the first six months of 2025
For the six months ended June 30, 2026, return on average assets improved to 2.18% from 1.52% in the prior-year period, and return on average common equity rose to 14.40% from 10.53%. The efficiency ratio improved to 30.16% from 36.60%, reflecting disciplined expense management and strong revenue growth.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 23, 2026 · How we verify