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: US$79k 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 (US$79k sold). Declared Dividend • Jun 24
First quarter dividend increased to US$0.20 Dividend of US$0.20 is 11% higher than last year. Ex-date: 2nd July 2026 Payment date: 17th July 2026 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. 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. Buy Or Sell Opportunity • May 13
Now 20% undervalued Over the last 90 days, the stock has risen 5.6% to US$30.05. The fair value is estimated to be US$37.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • 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. Reported Earnings • Apr 19
First quarter 2026 earnings released: EPS: US$1.01 (vs US$0.66 in 1Q 2025) First quarter 2026 results: EPS: US$1.01 (up from US$0.66 in 1Q 2025). Revenue: US$22.8m (up 35% from 1Q 2025). Net income: US$11.8m (up 52% from 1Q 2025). Profit margin: 52% (up from 46% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Mar 29
Fourth quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 2nd April 2026 Payment date: 17th April 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. 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 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • 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. Announcement • Mar 23
Parke Bancorp, Inc., Annual General Meeting, Apr 21, 2026 Parke Bancorp, Inc., Annual General Meeting, Apr 21, 2026. Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: US$3.20 (vs US$2.30 in FY 2024) Full year 2025 results: EPS: US$3.20 (up from US$2.30 in FY 2024). Revenue: US$77.4m (up 24% from FY 2024). Net income: US$37.8m (up 37% from FY 2024). Profit margin: 49% (up from 44% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.64% (up from 3.00% in FY 2024). Non-performing loans: 0.53% (down from 0.65% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Feb 20
Senior VP & Chief Lending Officer notifies of intention to sell stock Nicholas Pantilione intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$28.28, it would amount to US$415k. Since December 2025, Nicholas has owned 5.82k shares directly. Company insiders have collectively sold US$717k more than they bought, via options and on-market transactions in the last 12 months. Board Change • Feb 01
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. Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: US$3.20 (vs US$2.30 in FY 2024) Full year 2025 results: EPS: US$3.20 (up from US$2.30 in FY 2024). Revenue: US$77.4m (up 24% from FY 2024). Net income: US$37.8m (up 37% from FY 2024). Profit margin: 49% (up from 44% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Dec 26
Independent Director exercised options to buy US$181k worth of stock. On the 22nd of December, Edward Infantolino exercised options to buy 7k shares at a strike price of around US$7.81, costing a total of US$57k. This transaction amounted to 13% of their direct individual holding at the time of the trade. Since December 2024, Edward's direct individual holding has decreased from 192.68k shares to 64.07k. Company insiders have collectively sold US$452k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Dec 21
Third quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 2nd January 2026 Payment date: 16th January 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. 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 grown by 4.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • 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. Recent Insider Transactions Derivative • Dec 16
Independent Chairman of the Board exercised options and sold US$96k worth of stock On the 12th of December, Daniel Dalton exercised 8k options at a strike price of around US$12.29 and sold these shares for an average price of US$25.12 per share. This trade did not impact their existing holding. Since December 2024, Daniel has owned 134.42k shares directly. Company insiders have collectively sold US$509k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: US$0.90 (vs US$0.63 in 3Q 2024) Third quarter 2025 results: EPS: US$0.90 (up from US$0.63 in 3Q 2024). Revenue: US$20.7m (up 31% from 3Q 2024). Net income: US$10.6m (up 42% from 3Q 2024). Profit margin: 52% (up from 48% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Sep 24
President exercised options to buy US$188k worth of stock. On the 18th of September, Vito Pantilione exercised options to buy 9k shares at a strike price of around US$7.81, costing a total of US$67k. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. Since December 2024, Vito's direct individual holding has increased from 295.03k shares to 305.73k. Company insiders have collectively sold US$860k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Sep 21
Second quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 3rd October 2025 Payment date: 17th October 2025 Dividend yield will be 3.3%, 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. Earnings per share has grown by 1.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • 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. Recent Insider Transactions Derivative • Aug 29
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of August. If the sale is conducted around the recent share price of US$22.46, it would amount to US$101k. Since December 2024, Jeffrey's direct individual holding has decreased from 243.32k shares to 223.22k. Company insiders have collectively sold US$840k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 26
Independent Director recently sold US$109k worth of stock On the 22nd of August, Jeffrey Kripitz sold around 5k shares on-market at roughly US$21.91 per share. This transaction amounted to 2.2% 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 US$831k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 24
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$22.14, it would amount to US$74k. Since December 2024, Jeffrey's direct individual holding has decreased from 243.32k shares to 228.18k. Company insiders have collectively sold US$670k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 17
Second quarter 2025 earnings released: EPS: US$0.70 (vs US$0.54 in 2Q 2024) Second quarter 2025 results: EPS: US$0.70 (up from US$0.54 in 2Q 2024). Revenue: US$17.7m (up 18% from 2Q 2024). Net income: US$8.28m (up 28% from 2Q 2024). Profit margin: 47% (up from 43% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Jun 25
First quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 3rd July 2025 Payment date: 18th July 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. 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. Announcement • 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. Reported Earnings • Apr 20
First quarter 2025 earnings released: EPS: US$0.66 (vs US$0.51 in 1Q 2024) First quarter 2025 results: EPS: US$0.66 (up from US$0.51 in 1Q 2024). Revenue: US$16.8m (up 13% from 1Q 2024). Net income: US$7.77m (up 27% from 1Q 2024). Profit margin: 46% (up from 41% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 24
Parke Bancorp, Inc., Annual General Meeting, Apr 22, 2025 Parke Bancorp, Inc., Annual General Meeting, Apr 22, 2025. Declared Dividend • Mar 23
Fourth quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 4th April 2025 Payment date: 18th April 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. 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 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. Announcement • 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. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: US$2.30 (vs US$2.38 in FY 2023) Full year 2024 results: EPS: US$2.30 (down from US$2.38 in FY 2023). Revenue: US$62.3m (down 15% from FY 2023). Net income: US$27.5m (down 3.3% from FY 2023). Profit margin: 44% (up from 39% in FY 2023). The increase in margin was driven by lower expenses. Net interest margin (NIM): 3.00% (down from 3.34% in FY 2023). Non-performing loans: 0.63% (up from 0.40% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • Feb 14
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of February. If the sale is conducted around the recent share price of US$20.07, it would amount to US$122k. Since March 2024, Jeffrey's direct individual holding has decreased from 268.32k shares to 228.18k. Company insiders have collectively sold US$1.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 06
Independent Director recently sold US$151k worth of stock On the 4th of February, Jeffrey Kripitz sold around 8k shares on-market at roughly US$20.19 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$228k. Insiders have been net sellers, collectively disposing of US$859k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Feb 05
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of February. If the sale is conducted around the recent share price of US$20.15, it would amount to US$151k. Since March 2024, Jeffrey's direct individual holding has decreased from 268.32k shares to 243.32k. Company insiders have collectively sold US$784k more than they bought, via options and on-market transactions in the last 12 months. Announcement • 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. Reported Earnings • Jan 27
Full year 2024 earnings released: EPS: US$2.30 (vs US$2.38 in FY 2023) Full year 2024 results: EPS: US$2.30 (down from US$2.38 in FY 2023). Revenue: US$62.3m (down 15% from FY 2023). Net income: US$27.5m (down 3.3% from FY 2023). Profit margin: 44% (up from 39% in FY 2023). The increase in margin was driven by lower expenses. Net interest margin (NIM): 3.00% (down from 3.34% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Dec 23
Third quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 3rd January 2025 Payment date: 17th January 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. 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. Announcement • 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. Recent Insider Transactions Derivative • Dec 10
Independent Director notifies of intention to sell stock Fred Choate intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of December. If the sale is conducted around the recent share price of US$23.62, it would amount to US$702k. Since March 2024, Fred has owned 5.58k shares directly. Company insiders have collectively sold US$949k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 22
Independent Director recently sold US$228k worth of stock On the 20th of November, Jeffrey Kripitz sold around 10k shares on-market at roughly US$22.77 per share. This transaction amounted to 3.9% 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 US$893k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 21
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of November. If the sale is conducted around the recent share price of US$22.72, it would amount to US$227k. Since December 2023, Jeffrey's direct individual holding has decreased from 288.32k shares to 258.32k. Company insiders have collectively sold US$741k more than they bought, via options and on-market transactions in the last 12 months. 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 (US$105k sold). Recent Insider Transactions • Oct 27
Independent Chairman of the Board recently sold US$105k worth of stock On the 24th of October, Daniel Dalton sold around 5k shares on-market at roughly US$20.96 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 only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Sep 22
Second quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 4th October 2024 Payment date: 18th October 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. 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. Recent Insider Transactions Derivative • Aug 02
Executive VP & COO exercised options and sold US$57k worth of stock On the 30th of July, Ralph Gallo exercised 8k options at a strike price of around US$12.29 and sold these shares for an average price of US$19.63 per share. This trade did not impact their existing holding. Since March 2024, Ralph has owned 404.00 shares directly. Company insiders have collectively sold US$578k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 21
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 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$18.94, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 11% over the past three years. Declared Dividend • Jun 23
First quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 5th July 2024 Payment date: 19th July 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.2%. 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. Announcement • 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 US$102k worth of stock On the 21st of May, Jeffrey Kripitz sold around 6k shares on-market at roughly US$16.95 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 US$138k. Insiders have been net sellers, collectively disposing of US$727k more than they bought in the last 12 months. Reported Earnings • Apr 22
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 5% per year. Announcement • 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. Announcement • 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. Declared Dividend • Mar 22
Fourth quarter dividend of US$0.18 announced Dividend of US$0.18 is the same as last year. Ex-date: 4th April 2024 Payment date: 19th April 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. 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. Announcement • 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 15
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 7% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 29
Independent Director recently sold US$138k worth of stock On the 27th of February, Jeffrey Kripitz sold around 8k shares on-market at roughly US$16.50 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 US$194k. Insiders have been net sellers, collectively disposing of US$577k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Feb 28
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of February. If the sale is conducted around the recent share price of US$16.40, it would amount to US$98k. Since March 2023, Jeffrey's direct individual holding has decreased from 310.82k shares to 276.69k. Company insiders have collectively sold US$439k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 01
Independent Director recently sold US$194k worth of stock On the 30th of January, Jeffrey Kripitz sold around 10k shares on-market at roughly US$19.36 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 US$457k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jan 31
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of January. If the sale is conducted around the recent share price of US$19.24, it would amount to US$154k. Since March 2023, Jeffrey's direct individual holding has decreased from 310.82k shares to 288.32k. Company insiders have collectively sold US$271k more than they bought, via options and on-market transactions in the last 12 months. New Risk • Jan 25
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 (US$135k 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 3% 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 American dividend payers (4.5%). In line with average of industry peers (3.2%). Announcement • 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 Derivative • Dec 06
Independent Director notifies of intention to sell stock Jeffrey Kripitz intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of November. If the sale is conducted around the recent share price of US$17.81, it would amount to US$93k. Since March 2023, Jeffrey's direct individual holding has decreased from 310.82k shares to 288.32k. Company insiders have collectively sold US$640k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Dec 03
Independent Director recently sold US$135k worth of stock On the 30th of November, Jeffrey Kripitz sold around 8k shares on-market at roughly US$17.99 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 US$596k more than they bought in the last 12 months. Reported Earnings • Oct 26
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 and the company’s share price has also increased by 9% per year. Announcement • 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. Reported Earnings • Jul 26
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. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Announcement • 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 16
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: US$107k 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 (US$107k sold). Recent Insider Transactions • Jun 16
Independent Director recently sold US$105k worth of stock On the 13th of June, Jeffrey Kripitz sold around 6k shares on-market at roughly US$17.49 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 US$615k 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). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Recent Insider Transactions • Jan 27
Independent Director recently sold US$204k worth of stock On the 23rd of January, Jeffrey Kripitz sold around 10k shares on-market at roughly US$20.40 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 US$2.8m 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). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • 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 American dividend payers (4.5%). In line with average of industry peers (3.2%). Recent Insider Transactions Derivative • Dec 16
Independent Director exercised options and sold US$78k worth of stock On the 13th of December, Arret Dobson exercised 9k options at a strike price of around US$12.29 and sold these shares for an average price of US$20.92 per share. This trade did not impact their existing holding. Since March 2022, Arret has owned 176.12k shares directly. Company insiders have collectively sold US$3.2m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 07
Independent Director exercised options and sold US$80k worth of stock On the 5th of December, Jeffrey Kripitz exercised 9k options at a strike price of around US$12.29 and sold these shares for an average price of US$21.19 per share. This trade did not impact their existing holding. Since March 2022, Jeffrey's direct individual holding has decreased from 328.82k shares to 320.82k. Company insiders have collectively sold US$3.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Dec 03
Independent Vice Chairman of the Board recently sold US$53k worth of stock On the 2nd of December, Daniel Dalton sold around 2k shares on-market at roughly US$21.50 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 US$210k. Daniel has been a net seller over the last 12 months, reducing personal holdings by US$171k. Board Change • Nov 16
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 US$210k worth of stock On the 25th of October, Celestino Pennoni sold around 10k shares on-market at roughly US$21.03 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 US$2.4m.