Parke Bancorp | 8-K: FY2025 Q3 Revenue: USD 37.36 M

Revenue: As of FY2025 Q3, the actual value is USD 37.36 M.

EPS: As of FY2025 Q3, the actual value is USD 0.89.

EBIT: As of FY2025 Q3, the actual value is USD -6.678 M.

Net income for Q3 2025 was $10.6 million, an increase of 28.3% over Q2 2025.
Net income available to common shareholders for the three months ended September 30, 2025, was $10.6 million, or $0.90 per basic common share and $0.89 per diluted common share, an increase of $3.1 million, or 41.6%, compared to the same period in 2024.
Net income available to common shareholders for the nine months ended September 30, 2025, was $26.7 million, or $2.26 per basic common share and $2.23 per diluted common share, an increase of $6.6 million, or 32.7%, compared to the same period in 2024.

Total assets increased to $2.17 billion at September 30, 2025, from $2.14 billion at December 31, 2024, an increase of $29.9 million, or 1.4%.

Total loans increased to $1.93 billion, an increase of 4.9% over December 31, 2024.

Total deposits increased to $1.75 billion, an increase of 7.5% over December 31, 2024.

Net interest income increased $5.4 million, or 37.0%, to $20.2 million for the three months ended September 30, 2025, compared to the same period in 2024.
Net interest income increased $11.6 million, or 26.8%, to $54.6 million for the nine months ended September 30, 2025, compared to the same period in 2024.

The company recorded a provision for credit losses of $0.4 million for the three months ended September 30, 2025, compared to a recovery of provision for credit losses of $0.1 million for the same period in 2024.
The provision for credit losses increased $1.4 million, or 255.0%, to $1.9 million for the nine months ended September 30, 2025, compared to the same period in 2024.

Non-interest income decreased slightly by $0.05 million, or 5.6%, to $0.85 million for the three months ended September 30, 2025, compared to the same period in 2024.
Non-interest income decreased $0.7 million, or 21.4%, to $2.5 million for the nine months ended September 30, 2025, compared to the same period in 2024.

Non-interest expense increased $0.8 million, or 12.6%, to $7.2 million for the three months ended September 30, 2025, compared to the same period in 2024.
Non-interest expense increased $1.2 million, or 6.5%, to $20.4 million for the nine months ended September 30, 2025, compared to the same period in 2024.

Cash and cash equivalents totaled $159.3 million at September 30, 2025, compared to $221.5 million at December 31, 2024.

The investment securities portfolio decreased to $13.9 million at September 30, 2025, from $14.8 million at December 31, 2024.

Gross loans increased $92.0 million, or 4.9%, to $1.96 billion at September 30, 2025, compared to December 31, 2024.

Nonperforming loans at September 30, 2025, increased to $12.4 million, or 0.63% of total loans, an increase of $0.6 million, or 5.5%, from December 31, 2024.

The allowance for credit losses was $33.9 million at September 30, 2025, compared to $32.6 million at December 31, 2024.

Total borrowings decreased $104.9 million during the nine months ended September 30, 2025, to $83.4 million from $188.3 million at December 31, 2024.

Total equity increased to $314.8 million at September 30, 2025, up from $300.1 million at December 31, 2024, an increase of $14.8 million, or 4.9%.

The CEO highlighted the impact of the Federal Reserve’s interest rate reduction and ongoing market volatility due to geopolitical challenges and the government shutdown.
Regulatory changes are expected to reduce pressure on community banks, allowing them to better address community needs.
The residential single-family market is reported to be cooling but stabilizing, with higher inventory and longer market times helping buyers negotiate better prices.