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Parke Bancorp Inc   (PKBK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

PKBK's Operating Income Growth by Quarter and Year

Parke Bancorp Inc 's Operating Income results by quarter and year




PKBK Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 11.16 13.72 13.43 11.06
III Quarter September 1.37 14.43 14.25 8.95
II Quarter June 10.59 14.43 14.46 8.96
I Quarter March 14.57 13.50 12.77 9.92
FY   37.69 56.08 54.91 38.89



PKBK Operating Income fourth quarter 2023 Y/Y Growth Comment
Parke Bancorp Inc reported decline in Operating Income in the fourth quarter 2023 by -18.66% to $ 11.16 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Parke Bancorp Inc 's Operating Income compares unfavorably to the Company's average Operating Income increase of 11.18%.

Looking into fourth quarter 2023 results within Regional Banks industry 38 other companies have achieved higher Operating Income growth. While Parke Bancorp Inc ' s Operating Income fall of -18.66% ranks overall at the positon no. 857 in the fourth quarter 2023.

Explain Operating Income growth


PKBK Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -18.66 % 2.16 % 21.43 % 9.72 %
III Quarter September -90.51 % 1.26 % 59.22 % -14.11 %
II Quarter June -26.61 % -0.21 % 61.38 % -11.2 %
I Quarter March 7.93 % 5.72 % 28.73 % 4.53 %
FY   -32.79 % 2.13 % 41.19 % -2.97 %

Financial Statements
Parke Bancorp Inc 's fourth quarter 2023 Operating Income $ 11.16 millions PKBK's Income Statement
Parke Bancorp Inc 's fourth quarter 2022 Operating Income $ 13.72 millions Quarterly PKBK's Income Statement
New: More PKBK's historic Operating Income Growth >>


PKBK Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 714.6 % -4.92 % -5.75 % 23.58 %
III Quarter September -87.06 % 0 % -1.45 % -0.11 %
II Quarter June -27.32 % 6.89 % 13.23 % -9.68 %
I Quarter March 6.2 % 0.52 % 15.46 % -1.59 %
FY (Year on Year)   -32.79 % 2.13 % 41.19 % -2.97 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #39
Financial Sector #212
Overall #857

Operating Income Y/Y Growth Statistics
High Average Low
41.21 % 11.18 % -32.79 %
(Dec 31 2021)   (Dec 31 2023)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #39
Financial Sector #212
Overall #857
Operating Income Y/Y Growth Statistics
High Average Low
41.21 % 11.18 % -32.79 %
(Dec 31 2021)   (Dec 31 2023)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Parke Bancorp Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
715.19 % 19.09 % -100 %
(Dec 31 2023)  


PKBK's IV. Quarter Q/Q Operating Income Comment
Parke Bancorp Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income doubling of 714.6%, to $ 11.16 millions, from $1.37 millions in the third quarter.
PKBK is impressively improving, not just reporting higher then normal gain, and additionally accelerating rate.

Within Regional Banks industry only one company achieved higher sequential Operating Income growth. While Parke Bancorp Inc 's Operating Income growth quarter on quarter, overall rank is 40.


Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #2
Financial Sector #14
Overall #40
Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #2
Financial Sector #14
Overall #40
Operating Income Q/Q Growth Statistics
High Average Low
715.19 % 19.09 % -100 %
(Dec 31 2023)  


PKBK's IV. Quarter Q/Q Operating Income Comment
Parke Bancorp Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income doubling of 714.6%, to $ 11.16 millions, from $1.37 millions in the third quarter.
Regional Banks company is going from strength to strength, with claiming higher then average gain, and also improving pace.

Within Regional Banks industry only one company achieved higher sequential Operating Income growth. While Parke Bancorp Inc 's Operating Income growth quarter on quarter, overall rank is 40.


Parke Bancorp Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 37.69 $ 40.25 $ 53.31 $ 57.15 $ 56.08
Y / Y Operating Income Growth (TTM) -32.79 % -27.85 % -4.12 % 2.72 % 2.12 %
Year on Year Operating Income Growth Overall Ranking # 825 # 925 # 810 # 627 # 413
Seqeuential Operating Income Change (TTM) -6.36 % -24.5 % -6.71 % 1.91 % 0.51 %
Seq. Operating Income Growth (TTM) Overall Ranking # 857 # 1054 # 1221 # 1027 # 779




Cumulative Operating Income growth Comment
Parke Bancorp Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -32.79% year on year, at Dec 31 2023 compare to the -27.85% decrease at Sep 30 2023. If the Parke Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Operating Income would be $38 millions.

In the Financial sector 202 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 825, from total ranking in previous quarter at 925.

Operating Income TTM Q/Q Growth Statistics
High Average Low
41.21 %
11.18 %
-32.79 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 39
Financial Sector # 203
Overall # 825

Operating Income TTM Y/Y Growth Statistics
High Average Low
41.21 %
11.18 %
-32.79 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 39
Sector # 212
S&P 500 # 857
Cumulative Operating Income growth Comment
Parke Bancorp Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -32.79% year on year, at Dec 31 2023 compare to the -27.85% decrease at Sep 30 2023. If the Parke Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Operating Income would be $38 millions.

In the Financial sector 202 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 825, from total ranking in previous quarter at 925.

Operating Income TTM Q/Q Growth Statistics
High Average Low
41.21 %
11.18 %
-32.79 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 39
Financial Sector # 203
Overall # 825

Operating Income TTM Y/Y Growth Statistics
High Average Low
41.21 %
11.18 %
-32.79 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 39
Sector # 212
S&P 500 # 857




Other Operating Income Growth
Regional Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
PKBK's Operating Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for PKBK's Competitors
Operating Income Growth for Parke Bancorp Inc 's Suppliers
Operating Income Growth for PKBK's Customers

You may also want to know
PKBK's Annual Growth Rates PKBK's Profitability Ratios PKBK's Asset Turnover Ratio PKBK's Dividend Growth
PKBK's Roe PKBK's Valuation Ratios PKBK's Financial Strength Ratios PKBK's Dividend Payout Ratio
PKBK's Roa PKBK's Inventory Turnover Ratio PKBK's Growth Rates PKBK's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Orix Corporation-1.07%$ -1.070 millions
Security Federal Corp-1.47%$ -1.472 millions
Reinsurance Group Of America Incorporated-1.75%$ -1.753 millions
Hamilton Lane Inc-2.09%$ -2.087 millions
Ohio Valley Banc Corp-3.34%$ -3.342 millions
Independent Bank Corporation-3.45%$ -3.454 millions
Cohen and Steers Inc -3.60%$ -3.595 millions
Plumas Bancorp-3.83%$ -3.831 millions
Pathward Financial Inc -3.90%$ -3.903 millions
Crown Castle Inc-3.92%$ -3.922 millions
Cno Financial Group Inc -4.22%$ -4.215 millions
Unity Bancorp inc -4.31%$ -4.305 millions
Intercontinental Exchange Inc -4.71%$ -4.707 millions
Progressive Corp-5.90%$ -5.899 millions
Barclays Plc-6.49%$ -6.489 millions
Republic Bancorp inc -6.62%$ -6.619 millions
Onemain Holdings Inc -6.75%$ -6.751 millions
Chemung Financial Corp-6.76%$ -6.761 millions
Iron Mountain Inc-7.03%$ -7.027 millions
Federal Home Loan Bank Of Boston-7.05%$ -7.049 millions
Tfs Financial Corporation-7.08%$ -7.077 millions
Franklin Financial Services Corporation-7.37%$ -7.368 millions
S and t Bancorp Inc -8.41%$ -8.410 millions
Sierra Bancorp-8.45%$ -8.453 millions
Kilroy Realty Corporation-8.67%$ -8.667 millions
Safety Insurance Group Inc -8.76%$ -8.758 millions
Avalonbay Communities inc -8.79%$ -8.789 millions
City Holding Company-9.08%$ -9.076 millions
Us Bancorp De-9.17%$ -9.173 millions
Magyar Bancorp Inc -9.19%$ -9.189 millions




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