WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Thursday reported fourth-quarter earnings of $8.1 million.
The bank, based in Washington Township, New Jersey, said it had earnings of 68 cents per share.
The holding company for Parke Bank posted revenue of $23.2 million in the period. Its revenue net of interest expense was $18.6 million, beating Street forecasts.
For the year, the company reported profit of $28.4 million, or $2.37 per share. Revenue was reported as $66.8 million.
Parke Bancorp shares have climbed 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.76, a fall of 20% in the last 12 months.
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