Parke Bancorp, Inc. (PKBK)

Parke Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	115.44	106.06	82.9	80.64	82.34	75.17
Interest Income on Investments	6.65	6.64	4.58	1.43	2.2	4.37
Total Interest Income	122.09	112.7	87.48	82.07	84.54	79.54
Interest Paid on Deposits	55.34	41.26	11.07	9.75	17.71	18.69
Interest Paid on Borrowings	8.15	7.23	3.09	3.2	4.18	3.97
Total Interest Expense	63.48	48.49	14.16	12.96	21.89	22.66
Net Interest Income	58.6	64.21	73.33	69.12	62.65	56.89
Net Interest Income Growth (YoY)	-13.33%	-12.43%	6.09%	10.33%	10.13%	18.26%
Other Non-Interest Income	2.84	2.78	3.03	2.86	2.03	2.05
Total Non-Interest Income	4.64	6.69	8.38	8.8	4.18	3.84
Non-Interest Income Growth (YoY)	-33.84%	-20.16%	-4.74%	110.35%	8.96%	12.68%
Revenues Before Loan Losses	63.25	70.91	81.71	77.92	66.83	60.72
Provision for Loan Losses	0.1	-2.05	1.8	0.5	7.65	2.7
Revenue	63.15	72.96	79.91	77.42	59.18	58.02
Revenue Growth (YoY)	-16.23%	-8.70%	3.22%	30.81%	2.00%	16.73%
Salaries and Employee Benefits	12.09	11.94	10.49	9.5	10.35	9.01
Occupancy Expenses	2.61	2.6	2.52	2.38	2.03	1.79
Federal Deposit Insurance	1.31	1.29	1.05	1.1	0.81	0.06
Selling, General & Administrative	3.85	4.11	3.89	5.26	3.54	3.17
Other Non-Interest Expense	14.06	14.48	5.39	3.97	3.3	3.51
Total Non-Interest Expense	34.92	35.27	23.83	22.5	20.3	17.95
EBT Excluding Unusual Items	28.23	37.69	56.08	54.91	38.89	40.07
Pretax Income	37.73	37.69	56.08	54.91	38.89	40.07
Income Tax Expense	9.44	9.23	14.25	13.94	10.01	9.79
Earnings From Continuing Operations	28.29	28.46	41.82	40.98	28.88	30.29
Minority Interest in Earnings	-	-	-	-0.22	-0.45	-0.45
Net Income	28.29	28.46	41.82	40.76	28.43	29.84
Preferred Dividends & Other Adjustments	0.02	0.03	0.03	0.03	0.03	0.02
Net Income to Common	28.27	28.44	41.8	40.73	28.4	29.82
Net Income Growth	-7.99%	-31.95%	2.61%	43.38%	-4.74%	20.21%
Basic Shares Outstanding	12	12	12	12	12	12
Diluted Shares Outstanding	12	12	12	12	12	12
Shares Change (YoY)	-0.08%	-0.32%	0.45%	1.09%	-0.18%	0.07%
EPS (Basic)	2.36	2.38	3.51	3.43	2.40	2.52
EPS (Diluted)	2.33	2.35	3.44	3.36	2.37	2.48
EPS Growth	-7.92%	-31.73%	2.15%	41.83%	-4.56%	20.12%
Dividend Per Share	0.720	0.720	0.680	0.640	0.640	0.564
Dividend Growth	0%	5.88%	6.25%	0%	13.56%	17.17%
Effective Tax Rate	25.03%	24.48%	25.42%	25.38%	25.74%	24.42%

Source: S&P Capital IQ. Banks template. Financial Sources.