Reported Earnings • Jul 22
Second quarter 2026 earnings released: EPS: US$1.04 (vs US$0.70 in 2Q 2025) Second quarter 2026 results: EPS: US$1.04 (up from US$0.70 in 2Q 2025). Revenue: US$23.2m (up 31% from 2Q 2025). Net income: US$12.2m (up 48% from 2Q 2025). Profit margin: 53% (up from 47% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Significant insider selling over the past 3 months (€69k sold). New Risk • Jul 01
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €69k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.1% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (€69k sold). Declared Dividend • Jun 25
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 2nd July 2026 Payment date: 17th July 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Chairman Emeritus Chuck Pennoni was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Apr 21
Parke Bancorp, Inc. Approves Increase in Cash Dividend for the Second Fiscal Quarter of 2026 Parke Bancorp, Inc. announced that its Board of Directors has approved a $0.02 increase in the cash dividend to be declared for the second fiscal quarter of 2026. As a result of this increase, the second quarter dividend will be $0.20 per share. Annuncio • Mar 26
Parke Bancorp, Inc. Declares Cash Dividend, Payable on April 17, 2026 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on April 17, 2026, to its stockholders of record as of the close of business on April 3, 2026.
The Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by the Board of Directors, which will take into account a number of factors, including the financial condition of the Company and the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Company. If paid, such dividends may be reduced or eliminated in future periods. Annuncio • Mar 23
Parke Bancorp, Inc., Annual General Meeting, Apr 21, 2026 Parke Bancorp, Inc., Annual General Meeting, Apr 21, 2026. Annuncio • Dec 18
Parke Bancorp, Inc. Announces Cash Dividend, Payable on January 16, 2026 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on January 16, 2026, to its stockholders of record as of the close of business on January 2, 2026. Annuncio • Sep 18
Parke Bancorp, Inc. Announces Cash Dividend, Payable on October 17, 2025 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on October 17, 2025, to its stockholders of record as of the close of business on October 3, 2025. Annuncio • Jun 21
Parke Bancorp, Inc. Announces Cash Dividend, Payable on July 18, 2025 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on July 18, 2025, to its stockholders of record as of the close of business on July 3, 2025. Annuncio • Mar 24
Parke Bancorp, Inc., Annual General Meeting, Apr 22, 2025 Parke Bancorp, Inc., Annual General Meeting, Apr 22, 2025. Annuncio • Mar 20
Parke Bancorp, Inc. Announces Cash Dividend, Payable on April 18, 2025 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on April 18, 2025, to its stockholders of record as of the close of business on April 4, 2025. Annuncio • Jan 30
Parke Bancorp, Inc. Announces Executive Changes Parke Bancorp, Inc. announced that on October 31, 2024, Paul E. Palmieri, Senior Vice President and Chief Credit Officer of the Company, retired from the Company. On November 1, 2024, James B. Meadows filled the vacated role and was formally approved by the Compensation Committee as Senior Vice President and Chief Credit Officer on January 21, 2025. Annuncio • Dec 19
Parke Bancorp, Inc. Announces Cash Dividend, Payable on January 17, 2025 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on January 17, 2025, to its stockholders of record as of the close of business on January 3, 2025. New Risk • Nov 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€97k sold). Recent Insider Transactions • Oct 27
Independent Chairman of the Board recently sold €97k worth of stock On the 24th of October, Daniel Dalton sold around 5k shares on-market at roughly €19.40 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months. Reported Earnings • Oct 20
Third quarter 2024 earnings released: EPS: US$0.63 (vs US$0.086 in 3Q 2023) Third quarter 2024 results: EPS: US$0.63 (up from US$0.086 in 3Q 2023). Revenue: US$15.8m (down 8.4% from 3Q 2023). Net income: US$7.50m (up US$6.48m from 3Q 2023). Profit margin: 48% (up from 5.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Sep 23
Second quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 4th October 2024 Payment date: 18th October 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 56% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.1% EPS decline seen over the last 5 years. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: US$0.54 (vs US$0.68 in 2Q 2023) Second quarter 2024 results: EPS: US$0.54 (down from US$0.68 in 2Q 2023). Revenue: US$15.0m (down 11% from 2Q 2023). Net income: US$6.45m (down 21% from 2Q 2023). Profit margin: 43% (down from 48% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €17.10, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 20% over the past three years. Declared Dividend • Jun 24
First quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 5th July 2024 Payment date: 19th July 2024 Dividend yield will be 4.8%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 59% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.4% EPS decline seen over the last 5 years. Annuncio • Jun 20
Parke Bancorp, Inc. Announces Cash Dividend, Payable on July 19, 2024 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on July 19, 2024, to its stockholders of record as of the close of business on July 5, 2024. Recent Insider Transactions • May 23
Independent Director recently sold €94k worth of stock On the 21st of May, Jeffrey Kripitz sold around 6k shares on-market at roughly €15.61 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €127k. Insiders have been net sellers, collectively disposing of €670k more than they bought in the last 12 months. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.93 in 1Q 2023) First quarter 2024 results: EPS: US$0.51 (down from US$0.93 in 1Q 2023). Revenue: US$14.9m (down 30% from 1Q 2023). Net income: US$6.15m (down 45% from 1Q 2023). Profit margin: 41% (down from 52% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Apr 21
First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.93 in 1Q 2023) First quarter 2024 results: EPS: US$0.51 (down from US$0.93 in 1Q 2023). Revenue: US$14.9m (down 30% from 1Q 2023). Net income: US$6.15m (down 45% from 1Q 2023). Profit margin: 41% (down from 52% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Apr 05
Parke Bancorp, Inc. Announces Demise of Anthony J. Jannetti as Director Parke Bancorp, Inc. announced demise of Anthony J. Jannetti Founding director of the Board of Directors beginning in 1999 and has continuously served with distinction since that time. Declared Dividend • Mar 25
Fourth quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 4th April 2024 Payment date: 19th April 2024 Dividend yield will be 4.4%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Annuncio • Mar 23
Parke Bancorp, Inc., Annual General Meeting, Apr 23, 2024 Parke Bancorp, Inc., Annual General Meeting, Apr 23, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect three directors each to serve a three-year term; to ratify the appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the Annual Meeting or any adjournments thereof. Annuncio • Mar 20
Parke Bancorp, Inc. Announces Declaration of Cash Dividend, Payable on April 19, 2024 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on April 19, 2024, to its stockholders of record as of the close of business on April 5, 2024. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: US$2.38 (vs US$3.51 in FY 2022) Full year 2023 results: EPS: US$2.38 (down from US$3.51 in FY 2022). Revenue: US$73.0m (down 8.7% from FY 2022). Net income: US$28.4m (down 32% from FY 2022). Profit margin: 39% (down from 52% in FY 2022). The decrease in margin was primarily driven by higher expenses. Net interest margin (NIM): 3.34% (down from 3.77% in FY 2022). Non-performing loans: 0.40% (down from 0.93% in FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 29
Independent Director recently sold €127k worth of stock On the 27th of February, Jeffrey Kripitz sold around 8k shares on-market at roughly €15.21 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €179k. Insiders have been net sellers, collectively disposing of €532k more than they bought in the last 12 months. Recent Insider Transactions • Feb 01
Independent Director recently sold €179k worth of stock On the 30th of January, Jeffrey Kripitz sold around 10k shares on-market at roughly €17.86 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €422k more than they bought in the last 12 months. New Risk • Jan 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 0% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€124k sold). Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$2.38 (vs US$3.51 in FY 2022) Full year 2023 results: EPS: US$2.38 (down from US$3.51 in FY 2022). Revenue: US$73.0m (down 8.7% from FY 2022). Net income: US$28.4m (down 32% from FY 2022). Profit margin: 39% (down from 52% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Dec 26
Upcoming dividend of US$0.18 per share at 3.5% yield Eligible shareholders must have bought the stock before 02 January 2024. Payment date: 17 January 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.2%). Annuncio • Dec 21
Parke Bancorp, Inc. Announces Cash Dividend, Payable on January 17, 2024 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on January 17, 2024, to its stockholders of record as of the close of business on January 3, 2024. Recent Insider Transactions • Dec 03
Independent Director recently sold €124k worth of stock On the 30th of November, Jeffrey Kripitz sold around 8k shares on-market at roughly €16.49 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €552k more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.086 (vs US$0.88 in 3Q 2022) Third quarter 2023 results: EPS: US$0.086 (down from US$0.88 in 3Q 2022). Revenue: US$17.2m (down 17% from 3Q 2022). Net income: US$1.02m (down 90% from 3Q 2022). Profit margin: 5.9% (down from 51% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Annuncio • Sep 21
Parke Bancorp, Inc. Announces Cash Dividend, Payable on October 16, 2023 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on October 16, 2023, to its stockholders of record as of the close of business on October 2, 2023. New Risk • Aug 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Significant insider selling over the past 3 months (€242k sold). Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.68 (vs US$0.90 in 2Q 2022) Second quarter 2023 results: EPS: US$0.68 (down from US$0.90 in 2Q 2022). Revenue: US$17.0m (down 16% from 2Q 2022). Net income: US$8.12m (down 24% from 2Q 2022). Profit margin: 48% (down from 53% in 2Q 2022). The decrease in margin was driven by lower revenue. Annuncio • Jun 29
Parke Bancorp, Inc. Announces Cash Dividend, Payable on July 24, 2023 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on July 24, 2023, to its stockholders of record as of the close of business on July 10, 2023. New Risk • Jun 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €99k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€99k sold). Recent Insider Transactions • Jun 15
Independent Director recently sold €97k worth of stock On the 13th of June, Jeffrey Kripitz sold around 6k shares on-market at roughly €16.19 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €587k more than they bought in the last 12 months. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$3.51 (vs US$3.43 in FY 2021) Full year 2022 results: EPS: US$3.51 (up from US$3.43 in FY 2021). Revenue: US$79.9m (up 3.2% from FY 2021). Net income: US$41.8m (up 2.6% from FY 2021). Profit margin: 52% (in line with FY 2021). Net interest margin (NIM): 3.77% (up from 3.35% in FY 2021). Non-performing loans: 0.93% (up from 0.29% in FY 2021). Recent Insider Transactions • Jan 26
Independent Director recently sold €188k worth of stock On the 23rd of January, Jeffrey Kripitz sold around 10k shares on-market at roughly €18.77 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Reported Earnings • Jan 19
Full year 2022 earnings released: EPS: US$3.51 (vs US$3.43 in FY 2021) Full year 2022 results: EPS: US$3.51 (up from US$3.43 in FY 2021). Revenue: US$79.9m (up 3.2% from FY 2021). Net income: US$41.8m (up 2.6% from FY 2021). Profit margin: 52% (in line with FY 2021). Annuncio • Jan 19
Parke Bancorp, Inc. Announces Executive Changes Effective January 17, 2023, Celestino R. Pennoni, Chairman of the Board, retired from the Board of Directors of Parke Bancorp, Inc. (the “Company”). On that same date, the Board of Directors appointed Mr. Pennoni as Chairman Emeritus and Director Emeritus of the Company. In addition, the Board elected Director Daniel J. Dalton as Chairman of the Board and Director Arret F. Dobson as Vice Chairman of the Board. Upcoming Dividend • Dec 27
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 03 January 2023. Payment date: 18 January 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.0%). Annuncio • Dec 22
Parke Bancorp, Inc. Announces Cash Dividend, Payable on January 18, 2023 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, payable on January 18, 2023, to its stockholders of record as of the close of business on January 4, 2023. Recent Insider Transactions • Dec 03
Independent Vice Chairman of the Board recently sold €51k worth of stock On the 2nd of December, Daniel Dalton sold around 2k shares on-market at roughly €20.50 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €211k. Daniel has been a net seller over the last 12 months, reducing personal holdings by €155k. Board Change • Nov 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 9 highly experienced directors. Director Betty Milavsky was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 28
Independent Chairman of the Board recently sold €211k worth of stock On the 25th of October, Celestino Pennoni sold around 10k shares on-market at roughly €21.08 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Celestino has been a net seller over the last 12 months, reducing personal holdings by €2.2m. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$0.88 (vs US$0.88 in 3Q 2021) Third quarter 2022 results: EPS: US$0.88 (up from US$0.88 in 3Q 2021). Revenue: US$20.7m (up 5.3% from 3Q 2021). Net income: US$10.5m (flat on 3Q 2021). Profit margin: 51% (down from 53% in 3Q 2021). The decrease in margin was driven by higher expenses. Annuncio • Aug 31
Parke Bancorp, Inc. Announces Cash Dividend, Payable on September 23, 2022 Parke Bancorp, Inc. announced the declaration of a $0.18 per share cash dividend, a $0.02 increase from the previous cash dividend, payable on September 23, 2022, to its stockholders of record as of the close of business on September 9, 2022. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.90 (vs US$0.90 in 2Q 2021) Second quarter 2022 results: EPS: US$0.90 (down from US$0.90 in 2Q 2021). Revenue: US$20.1m (flat on 2Q 2021). Net income: US$10.7m (flat on 2Q 2021). Profit margin: 53% (in line with 2Q 2021). Annuncio • Jun 23
Parke Bancorp, Inc. Announces Cash Dividend, Payable on July 19, 2022 Parke Bancorp, Inc. announced the declaration of a $0.16 per share cash dividend payable on July 19, 2022, to its stockholders of record as of the close of business on July 5, 2022. Recent Insider Transactions • May 25
Independent Chairman of the Board recently sold €113k worth of stock On the 23rd of May, Celestino Pennoni sold around 5k shares on-market at roughly €22.55 per share. This was the largest sale by an insider in the last 3 months. Celestino has been a seller over the last 12 months, reducing personal holdings by €2.0m. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: US$0.85 (vs US$0.79 in 1Q 2021) First quarter 2022 results: EPS: US$0.85 (up from US$0.79 in 1Q 2021). Revenue: US$19.2m (up 3.4% from 1Q 2021). Net income: US$10.1m (up 7.0% from 1Q 2021). Profit margin: 53% (up from 51% in 1Q 2021). Recent Insider Transactions • May 01
Independent Director recently sold €81k worth of stock On the 28th of April, Jeffrey Kripitz sold around 4k shares on-market at roughly €23.21 per share. In the last 3 months, there was an even bigger sale from another insider worth €315k. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 9 highly experienced directors. Director Betty Milavsky was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 31
Independent Chairman of the Board recently sold €106k worth of stock On the 27th of January, Celestino Pennoni sold around 5k shares on-market at roughly €21.21 per share. This was the largest sale by an insider in the last 3 months. Celestino has been a seller over the last 12 months, reducing personal holdings by €1.7m. Reported Earnings • Jan 20
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.43 (up from US$2.40 in FY 2020). Revenue: US$77.4m (up 31% from FY 2020). Net income: US$40.7m (up 43% from FY 2020). Profit margin: 53% (up from 48% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Upcoming Dividend • Dec 28
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 04 January 2022. Payment date: 19 January 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (3.3%). Recent Insider Transactions • Oct 30
Independent Chairman of the Board recently sold €93k worth of stock On the 28th of October, Celestino Pennoni sold around 5k shares on-market at roughly €18.62 per share. In the last 3 months, they made an even bigger sale worth €354k. Celestino has been a seller over the last 12 months, reducing personal holdings by €1.4m. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS US$0.88 (vs US$0.55 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$19.7m (up 43% from 3Q 2020). Net income: US$10.5m (up 61% from 3Q 2020). Profit margin: 53% (up from 47% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Sep 04
Independent Chairman of the Board recently sold €354k worth of stock On the 3rd of September, Celestino Pennoni sold around 20k shares on-market at roughly €17.70 per share. This was the largest sale by an insider in the last 3 months. Celestino has been a seller over the last 12 months, reducing personal holdings by €1.2m. Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS US$0.90 (vs US$0.55 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$20.2m (up 46% from 2Q 2020). Net income: US$10.8m (up 65% from 2Q 2020). Profit margin: 53% (up from 47% in 2Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • May 28
Independent Chairman of the Board recently sold €85k worth of stock On the 27th of May, Celestino Pennoni sold around 5k shares on-market at roughly €17.10 per share. In the last 3 months, they made an even bigger sale worth €443k. Celestino has been a seller over the last 12 months, reducing personal holdings by €702k. Recent Insider Transactions • May 13
Independent Chairman of the Board recently sold €174k worth of stock On the 10th of May, Celestino Pennoni sold around 10k shares on-market at roughly €17.38 per share. In the last 3 months, they made an even bigger sale worth €443k. Celestino has been a seller over the last 12 months, reducing personal holdings by €617k. Reported Earnings • May 11
First quarter 2021 earnings released: EPS US$0.79 (vs US$0.61 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$18.5m (up 25% from 1Q 2020). Net income: US$9.42m (up 31% from 1Q 2020). Profit margin: 51% (up from 49% in 1Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • May 05
Independent Director recently sold €159k worth of stock On the 3rd of May, Jack Sheppard sold around 9k shares on-market at roughly €17.39 per share. In the last 3 months, there was an even bigger sale from another insider worth €443k. Insiders have been net sellers, collectively disposing of €759k more than they bought in the last 12 months. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.79 (vs US$0.61 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$18.5m (up 25% from 1Q 2020). Net income: US$9.42m (up 31% from 1Q 2020). Profit margin: 51% (up from 49% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS US$2.40 (vs US$2.52 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$59.2m (up 2.0% from FY 2019). Net income: US$28.4m (down 4.8% from FY 2019). Profit margin: 48% (down from 51% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.31% (down from 3.75% in FY 2019). Non-performing loans: 0.56% (up from 0.38% in FY 2019). Recent Insider Transactions • Mar 18
Independent Director recently sold €88k worth of stock On the 15th of March, Edward Infantolino sold around 5k shares on-market at roughly €17.61 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €168k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 16% share price gain to US$17.43, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 13x in the Banks industry in Europe. Is New 90 Day High Low • Feb 13
New 90-day high: €15.54 The company is up 38% from its price of €11.25 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: €14.73 The company is up 37% from its price of €10.77 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 22% over the same period. Reported Earnings • Jan 23
Full year 2020 earnings released: EPS US$2.40 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: US$59.2m (up 2.0% from FY 2019). Net income: US$28.4m (down 4.8% from FY 2019). Profit margin: 48% (down from 51% in FY 2019). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 09
Third quarter 2020 earnings released: EPS US$0.55 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$13.8m (down 7.4% from 3Q 2019). Net income: US$6.54m (down 16% from 3Q 2019). Profit margin: 47% (down from 52% in 3Q 2019). The decrease in margin was primarily driven by lower revenue. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total profits of US$27.8m, down 4.4% from the prior year. Total revenue was US$57.3m over the last 12 months, up 1.3% from the prior year.