Stock Analysis
- United States
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- Banks
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- NasdaqCM:PKBK
Parke Bancorp First Quarter 2024 Earnings: EPS: US$0.51 (vs US$0.93 in 1Q 2023)
Parke Bancorp (NASDAQ:PKBK) First Quarter 2024 Results
Key Financial Results
- 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.
- EPS: US$0.51 (down from US$0.93 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Parke Bancorp shares are up 2.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Parke Bancorp that you need to take into consideration.
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About NasdaqCM:PKBK
Parke Bancorp
Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses.
Flawless balance sheet, good value and pays a dividend.