Parke Bancorp | 10-Q: 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.

Community Banking Segment

Net Interest Income

• Net interest income for the three months ended September 30, 2025, was $20.2 million, an increase of $5.4 million or 37.0% compared to the same period in 2024.
• For the nine months ended September 30, 2025, net interest income was $54.6 million, an increase of $11.6 million or 26.8% compared to the same period in 2024.

Provision for Credit Losses

• Provision for credit losses for the three months ended September 30, 2025, was $0.4 million, compared to a recovery of $0.1 million for the same period in 2024.
• For the nine months ended September 30, 2025, the provision for credit losses was $1.9 million, an increase of $1.4 million compared to the same period in 2024.

Non-Interest Income

• Non-interest income for the three months ended September 30, 2025, was $0.9 million, a decrease of $0.05 million compared to the same period in 2024.
• For the nine months ended September 30, 2025, non-interest income was $2.5 million, a decrease of $0.7 million compared to the same period in 2024.

Non-Interest Expense

• Non-interest expense for the three months ended September 30, 2025, was $7.2 million, an increase of $0.8 million or 12.6% compared to the same period in 2024.
• For the nine months ended September 30, 2025, non-interest expense was $20.4 million, an increase of $1.2 million or 6.5% compared to the same period in 2024.

Net Income

• Net income available to common shareholders for the three months ended September 30, 2025, was $10.6 million, an increase of $3.1 million or 41.6% compared to the same period in 2024.
• For the nine months ended September 30, 2025, net income available to common shareholders was $26.7 million, an increase of $6.6 million or 32.7% compared to the same period in 2024.

Cash Flow

• Net cash provided by operating activities for the nine months ended September 30, 2025, was $25.1 million.
• Net cash used in investing activities for the nine months ended September 30, 2025, was - $91.6 million.
• Net cash provided by financing activities for the nine months ended September 30, 2025, was $4.3 million.

Future Outlook and Strategy

• The company focuses on growing customers, loans, deposits, and revenue while improving profitability and managing risk, expenses, and capital.
• The company aims to maintain capital at an amount commensurate with its risk profile and risk tolerance objectives, meeting both regulatory and market expectations.

Unique Metrics

• Deposit balances from cannabis customers were approximately $225.4 million at September 30, 2025, accounting for 12.9% of total deposits.
• Cannabis-related loans amounted to $46.1 million at September 30, 2025.