Parke Bancorp (PKBK) Q2 2026 earnings summary

Executive summary

• Net income available to common shareholders rose 47.8% year-over-year to $12.2 million for Q2 2026 and 50.0% to $24.1 million for the first half of 2026, driven by higher net interest income, strong loan portfolio performance, and lower provision for credit losses.

• Total assets reached $2.30 billion at June 30, 2026, up 2.4% from year-end 2025, with equity increasing to $346.9 million, a 6.6% rise due to retained earnings.

• Revenue for Q2 2026 reached $39.3 million, a 4.1% increase over Q1 2026.

• Earnings growth was supported by higher asset yields and lower funding costs.

Financial highlights

• Net interest income for Q2 2026 was $23.0 million, up 28.8% year-over-year; for the first half, $45.1 million, up 30.9%.

• Earnings per share for Q2 2026 were $1.04 basic and $1.03 diluted, compared to $0.70 and $0.69 in Q2 2025.

• Provision for credit losses decreased to $0.7 million in Q2 2026 from $1.0 million in Q2 2025.

• Non-interest income for Q2 2026 was $0.9 million, up 7.5% year-over-year, mainly from higher bank owned life insurance income.

• Non-interest expense for Q2 2026 was $6.9 million, up 3.6% year-over-year; for the first half, $14.1 million, up 6.9%.

Outlook and guidance

• Management highlights ongoing risks from interest rate changes, economic conditions, regulatory factors, geopolitical tensions, and regional economic concentration, especially regarding the cannabis industry.

• Despite headwinds, profitability metrics improved, and the outlook for interest rates remains uncertain.