Parke Bancorp: Q4 Earnings Snapshot

WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Wednesday reported net income of $10.5 million in its fourth quarter.

The Washington Township, New Jersey-based bank said it had earnings of 86 cents per share.

The holding company for Parke Bank posted revenue of $26.8 million in the period. Its revenue net of interest expense was $20.7 million, which beat Street forecasts.

For the year, the company reported profit of $41.8 million, or $3.44 per share. Revenue was reported as $81.7 million.

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