Parke Bancorp

Financial Services auto loans banks commercial banks holding company money transfer mortgages payments

Parke Bancorp operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The Company offers various deposit and lending products. In addition, it provides overnight depository, ACH, wire transfer services, and merchant capture electronic check processing services, as well as debit cards, Internet banking, and online bill payment services.

Market capitalization(2018-09-20)

$225.3 M

Type	Public
HQ	Sewell, US
Founded	1999
Size (employees)	67 (est)
Website	parkebank.com

Parke Bancorp was founded in 1999 and is headquartered in Sewell, US

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Parke Bancorp Office Locations

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Parke Bancorp has an office in Sewell

Sewell, US (HQ)

601 Delsea Drive

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Parke Bancorp Financials and Metrics

Parke Bancorp Revenue

Parke Bancorp's revenue was reported to be $52.49 m in FY, 2016 which is a 33.2% increase from the previous period.

Summary

USD
Revenue (Q2, 2018)	29.9 m
Gross profit (Q2, 2018)	24.1 m
Gross profit margin (Q2, 2018), %	80.7%
EBIT (Q2, 2018)	22 m
Market capitalization (20-Sep-2018)	225.3 m
Closing stock price (20-Sep-2018)	23.1
Cash (30-Jun-2018)	110.2 m
EV	128.5 m

Parke Bancorp's current market capitalization is $225.3 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	36.8 m	38.1 m	39.4 m	52.5 m
Revenue growth, %		4%	3%	33%
Cost of goods sold			5.8 m	6.8 m
Gross profit			33.6 m	45.7 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018	Q2, 2018
Revenue	10.8 m	12 m	11.5 m	18.9 m	10.5 m	11.5 m	12.4 m	14.4 m	29.9 m
Cost of goods sold	1.5 m	1.5 m	1.6 m	1.7 m	1.7 m	1.8 m	2 m	2.5 m	5.8 m
Gross profit	9.3 m	10.5 m	9.9 m	17.2 m	8.8 m	9.7 m	10.4 m	11.9 m	24.1 m
Gross profit Margin, %	86%	87%	86%	91%	84%	84%	84%	83%	81%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	45.7 m	36.2 m	27.4 m	70.7 m	42.1 m
Accounts Receivable	2.7 m	2.8 m	3 m	3.1 m
Inventories
PP&E	3.9 m	4.5 m	4.6 m	5.2 m	7 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018	Q2, 2018
Cash	49.4 m	22.6 m	26.9 m	52.6 m	52.1 m	39.7 m	19.5 m	46.7 m	110.2 m
PP&E	4.5 m	4.5 m	4.6 m	4.8 m	5 m	5.2 m	6.9 m	7 m	7 m
Total Assets	868.7 m	864.7 m	926.7 m	924.5 m	954.6 m	1 b	1 b	1.2 b	1.3 b
Accounts Payable	672.7 m	655.5 m	703 m	712.8 m	739.9 m	787 m	790.5 m	902.2 m	1 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	7.8 m	12.3 m	11.9 m	18.9 m	11.8 m
Depreciation and Amortization	337 k	348 k	251 k	270 k	320 k
Inventories
Accounts Payable

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018	Q2, 2018
Net Income	6.5 m	2.5 m	5.3 m	10 m	2.6 m	5.5 m	8.4 m	3 m	11.7 m	15.6 m	3.5 m	7.1 m	5.8 m	11.9 m
Depreciation and Amortization	253 k	86 k	175 k	266 k	79 k	157 k	239 k	78 k	154 k	181 k	69 k	144 k	91 k
Cash From Operating Activities	7.8 m	(3.9 m)	4.5 m	17.7 m	1.8 m	6.6 m	9 m	1 m	7.9 m	11.8 m	3 m	4.1 m	6.6 m	12.3 m
Cash From Investing Activities	(33.9 m)	7.6 m	2.9 m	(12.4 m)	(29.2 m)	(37.8 m)	(59.1 m)	(43.5 m)	(13.1 m)	(43.7 m)	(31.5 m)	(75.5 m)	(26.7 m)	(84.5 m)