Parke Bancorp Q1 2026 Net Income Up 52%, NIM at 4.17%
Parke Bancorp reported Q1 2026 net income of $11.8 million, a 52.3% increase from $7.8 million a year earlier, driven by a 33.3% rise in net interest income to $22.1 million. The bank achieved a 4.17% net interest margin and improved ROAA to 2.19% and ROAE to 14.47%.
1. Earnings Growth
Parke Bancorp posted net income of $11.8 million in Q1 2026, up 52.3% from $7.8 million a year earlier. Diluted EPS rose to $0.99 from $0.65, reflecting a $4.1 million increase driven by higher net interest income and lower credit provisions.
2. Net Interest Income and Margin
Net interest income increased 33.3% to $22.1 million, supported by a 14.0% rise in interest and fees on loans to $35.9 million. The bank achieved a 4.17% net interest margin, up from 4.09% in the prior quarter, as funding costs declined.
3. Asset Quality and Financial Position
Total assets dipped 1.6% to $2.21 billion, with gross loans rising 0.4% to $2.04 billion. Nonperforming loans fell to $9.2 million (0.45% of loans) and the provision for credit losses decreased to $0.2 million, enhancing overall asset quality.