Parke Bancorp: Little Known Bank Continues To Chug Along
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Parke Bancorp, Inc. is a stable investment option with a 3.6% dividend yield, showing strong loan and deposit growth in Q4. However, net income declined due to higher provisions for credit losses and non-interest expenses, and margins contracted.
January 27, 2025 | 10:00 pm
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Parke Bancorp, Inc. reported strong loan and deposit growth in Q4, but net income declined due to higher provisions for credit losses and non-interest expenses. Margins contracted, with net interest margin down to 3.02%.
The decline in net income and contraction in margins, despite growth in loans and deposits, suggests potential short-term pressure on PKBK's stock price. The higher provisions for credit losses and non-interest expenses are concerning for investors.
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IMPORTANCE 80
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