Parke Bancorp Full Year 2024 Earnings: EPS: US$2.30 (vs US$2.38 in FY 2023)

Parke Bancorp (NASDAQ:PKBK) Full Year 2024 Results

Key Financial Results

• 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.
• EPS: US$2.30 (down from US$2.38 in FY 2023).

PKBK Banking Performance Indicators

• Net interest margin (NIM): 3.00% (down from 3.34% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Community Banking contributing US$62.3m. The largest operating expense was General & Administrative costs, amounting to US$19.5m (56% of total expenses). Explore how PKBK's revenue and expenses shape its earnings.

Parke Bancorp's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Parke Bancorp is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...

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