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

PKBK's Net Income Growth by Quarter and Year

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




PKBK Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 8.17 10.45 10.08 8.22
III Quarter September 1.03 10.54 10.54 6.64
II Quarter June 8.13 10.74 10.82 6.64
I Quarter March 11.13 10.09 9.53 7.37
FY   28.46 41.82 40.97 28.87



PKBK Net Income fourth quarter 2023 Y/Y Growth Comment
Parke Bancorp Inc reported decline in Net Income in the fourth quarter 2023 by -21.79% to $ 8.17 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Parke Bancorp Inc 's Net Income compares unfavorably to the Company's average Net Income increase of 19.6%.

Looking into fourth quarter 2023 results within Regional Banks industry 40 other companies have achieved higher Net Income growth. While Parke Bancorp Inc ' s Net Income fall of -21.79% ranks overall at the positon no. 778 in the fourth quarter 2023.




PKBK Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -21.79 % 3.67 % 22.63 % 7.59 %
III Quarter September -90.23 % 0 % 58.73 % -15.63 %
II Quarter June -24.3 % -0.74 % 62.95 % -12.75 %
I Quarter March 10.31 % 5.88 % 29.31 % 2.65 %
FY   -31.94 % 2.07 % 41.91 % -4.72 %

Financial Statements
Parke Bancorp Inc 's fourth quarter 2023 Net Income $ 8.17 millions PKBK's Income Statement
Parke Bancorp Inc 's fourth quarter 2022 Net Income $ 10.45 millions Quarterly PKBK's Income Statement
New: More PKBK's historic Net Income Growth >>


PKBK Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 693.5 % -0.85 % -4.36 % 23.8 %
III Quarter September -87.33 % -1.86 % -2.59 % 0 %
II Quarter June -26.95 % 6.44 % 13.54 % -9.91 %
I Quarter March 6.51 % 0.1 % 15.94 % -3.53 %
FY (Year on Year)   -31.94 % 2.07 % 41.91 % -4.72 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #41
Financial Sector #171
Overall #778

Net Income Y/Y Growth Statistics
High Average Low
111.51 % 19.6 % -37.51 %
(Dec 31 2018)   (Dec 31 2017)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #41
Financial Sector #171
Overall #778
Net Income Y/Y Growth Statistics
High Average Low
111.51 % 19.6 % -37.51 %
(Dec 31 2018)   (Dec 31 2017)

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

Parke Bancorp Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
966.67 % 38.27 % -87.34 %
(Mar 31 2018)  


PKBK's IV. Quarter Q/Q Net Income Comment
Parke Bancorp Inc achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 693.5%, to $ 8.17 millions, from $1.03 millions in the third quarter.
PKBK is impressively improving, not only reporting higher then regular growth, and also accelerating speed, Marc Marín, Regional Banks industry veteran said.

Within Regional Banks industry Parke Bancorp Inc achieved highest sequential Net Income growth. While Parke Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 62.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #1
Financial Sector #12
Overall #62
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #1
Financial Sector #12
Overall #62
Net Income Q/Q Growth Statistics
High Average Low
966.67 % 38.27 % -87.34 %
(Mar 31 2018)  


PKBK's IV. Quarter Q/Q Net Income Comment
Parke Bancorp Inc achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 693.5%, to $ 8.17 millions, from $1.03 millions in the third quarter.
Regional Banks company is impressively improving, not just claiming higher then average growth, and additionally increasing rate.

Within Regional Banks industry Parke Bancorp Inc achieved highest sequential Net Income growth. While Parke Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 62.


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


Net 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 Net Income 12 Months Ending $ 28.46 $ 30.74 $ 40.25 $ 42.86 $ 41.82
Y / Y Net Income Growth (TTM) -31.95 % -25.83 % -2.89 % 3.18 % 2.07 %
Year on Year Net Income Growth Overall Ranking # 759 # 815 # 609 # 479 # 412
Seqeuential Net Income Change (TTM) -7.42 % -23.63 % -6.08 % 2.48 % 0.9 %
Seq. Net Income Growth (TTM) Overall Ranking # 778 # 716 # 887 # 1074 # 697




Cumulative Net Income growth Comment
Parke Bancorp Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -31.95% year on year, at Dec 31 2023 compare to the -25.83% decrease at Sep 30 2023. If the Parke Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $28 millions.

In the Financial sector 165 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 759, from total ranking in previous quarter at 815.

Net Income TTM Q/Q Growth Statistics
High Average Low
111.51 %
19.6 %
-37.51 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 41
Financial Sector # 166
Overall # 759

Net Income TTM Y/Y Growth Statistics
High Average Low
111.51 %
19.6 %
-37.51 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 41
Sector # 171
S&P 500 # 778
Cumulative Net Income growth Comment
Parke Bancorp Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -31.95% year on year, at Dec 31 2023 compare to the -25.83% decrease at Sep 30 2023. If the Parke Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $28 millions.

In the Financial sector 165 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 759, from total ranking in previous quarter at 815.

Net Income TTM Q/Q Growth Statistics
High Average Low
111.51 %
19.6 %
-37.51 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 41
Financial Sector # 166
Overall # 759

Net Income TTM Y/Y Growth Statistics
High Average Low
111.51 %
19.6 %
-37.51 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 41
Sector # 171
S&P 500 # 778




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
PKBK's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for PKBK's Competitors
Net Income Growth for Parke Bancorp Inc 's Suppliers
Net 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 Net Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions




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