Parke Bancorp posts 1Q profit

WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Tuesday reported first-quarter net income of $3.5 million.

The Washington Township, New Jersey-based bank said it had earnings of 38 cents per share.

The holding company for Parke Bank posted revenue of $11.5 million in the period. Its adjusted revenue was $9.7 million.

Parke Bancorp shares have risen nearly 7 percent since the beginning of the year. The stock has risen 75 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKBK at https://www.zacks.com/ap/PKBK

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