PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2026 EARNINGS

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank

“Parke Bank continued its strong financial performance during the first nine months of 2026, delivering record earnings and maintaining excellent operating efficiency despite a challenging and evolving economic environment. For the nine months ended September 30, 2026, net income increased 35.9% to $36.2 million, compared to the same period in 2025. Earnings per common share were $3.09 basic and $3.04 diluted. This performance was driven by continued loan growth, disciplined balance sheet management, and an expanding net interest margin.”

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank

“Our loan portfolio increased by approximately $61 million since year-end 2025, while net interest margin improved to 4.15%, compared to 3.49% at December 31, 2025. These results contributed to strong profitability metrics, including a 2.16% return on average assets (ROAA) and a 14.15% return on average equity (ROAE). Equally important, we maintained our commitment to expense discipline. Our efficiency ratio improved to 29.50% from 35.68% at year-end 2025, reflecting our continued focus on controlling costs while supporting growth and delivering value to shareholders.”

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank

“During the quarter, the Federal Reserve increased interest rates by 25 basis points and indicated that additional rate increases remain possible as inflationary pressures persist. Geopolitical uncertainties and ongoing volatility in global energy markets continue to create challenges for businesses and consumers. Nevertheless, Parke Bank remains well positioned with strong capital, sound liquidity, and a disciplined approach to risk management.”

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank

“We are also proud to have once again been named to Piper Sandler's Bank & Thrift Sm-All Stars Class of 2026, a recognition awarded to high-performing community banks based on measures including growth, profitability, asset quality, and capital strength.”

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank

“As we move through the remainder of 2026, we remain focused on serving our customers, maintaining strong credit quality, prudently managing liquidity, and creating long-term value for our shareholders.”