Parke Bancorp Q3 Earnings Rise to $12.16 Million, EPS $1.02

Parke Bancorp, Inc. (PKBK) reported higher third-quarter earnings, with net income rising to $12.16 million, or $1.02 per share, from $10.63 million, or $0.89 per share, a year earlier. Revenue for the quarter increased 5.9% to $38.67 million from $36.51 million in the prior-year period. The GAAP results compare with earnings of $10.63 million and EPS of $0.89 last year.