Parke Bancorp Q2 EPS $0.53 vs $0.67 YoY; NII $1.6M, Down 9.8%
Portfolio Pulse from Benzinga Newsdesk
Parke Bancorp reported Q2 earnings per share (EPS) of $0.53, down from $0.67 year-over-year. Net interest income (NII) was $1.6 million, a decrease of 9.8%.
July 19, 2024 | 12:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Parke Bancorp's Q2 earnings per share (EPS) decreased to $0.53 from $0.67 year-over-year, and net interest income (NII) fell by 9.8% to $1.6 million.
The decrease in EPS and NII indicates a decline in profitability and revenue generation, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100