Parke Bancorp reports Q1 EPS 99c vs. 65c last year

Net interest income increased $5.5M, or 33.3%, to $22.1M for the three months ended March 31, 2026, compared to $16.6M for the same period in 2025. Vito Pantilione, President and CEO of Parke Bancorp (PKBK) provided the following statement: “2026 has started off with many of the challenges in 2025 continuing, and in some instances worsening. The immigration crisis, no clear direction of interest rates, inflation remaining a serious concern, the Russia – Ukraine war continuing, and the Iran conflict that started in February, are all challenges making it difficult to identify the market’s direction. The market seemed to be checking the boxes for a couple of rate cuts, however, Iran blocking the Strait of Hormuz, combined with the interruption of oil production has triggered sharp increases in oil and gas prices, reigniting inflation. It is important for banks, including Parke Bank, to remain nimble and responsive to address possible challenges and evolving opportunities.”