WASHINGTON TOWNSHIP, N.J. (AP) — WASHINGTON TOWNSHIP, N.J. (AP) — Parke Bancorp Inc. (PKBK) on Friday reported net income of $11.8 million in its first quarter.

The Washington Township, New Jersey-based bank said it had earnings of 99 cents per share.

The holding company for Parke Bank posted revenue of $37.8 million in the period. Its revenue net of interest expense was $23 million, exceeding Street forecasts.

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