Parke Bancorp (PKBK) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $12.2 million, up 47.8% year-over-year and 3.4% sequentially from Q1 2026.

• Revenue for Q2 2026 reached $39.3 million, a 4.1% increase over Q1 2026.

• For the first half of 2026, net income was $24.1 million, up 50% from the same period in 2025.

• Strong loan portfolio performance, higher asset yields, and lower funding costs drove earnings growth.

Financial highlights

• Net interest income for Q2 2026 was $23.0 million, up 28.8% year-over-year; for the first half, $45.1 million, up 30.9%.

• Provision for credit losses decreased to $0.7 million in Q2 2026 from $1.0 million a year ago.

• Non-interest income for Q2 2026 was $0.88 million, up 7.5% year-over-year.

• Non-interest expense for Q2 2026 was $6.9 million, up 3.6% year-over-year; for the first half, $14.1 million, up 6.9%.

• Total assets at June 30, 2026 were $2.30 billion, up 2.4% from December 31, 2025.

Outlook and guidance

• Management notes ongoing economic volatility due to geopolitical tensions, inflation, and uncertain monetary policy.

• Despite headwinds, profitability metrics improved, and the outlook for interest rates remains uncertain.