Business Context and Reporting Period
Company: PARKE BANCORP, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: May 22, 2026
Reporting Period: Event date May 22, 2026
Key Financial Metrics
This filing is a Current Report (Form 8-K) regarding a corporate action and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material event reported is the Board of Directors' adoption of a new stock repurchase program on May 22, 2026.
- Program Size: Up to 5% of the Company's common stock.
- Duration: The next twelve months, unless completed sooner or otherwise extended.
- Execution Method: Open market purchases in accordance with applicable SEC regulations.
Guidance, Outlook, and Management Commentary
Management indicated that the timing and actual number of shares repurchased will depend on various factors, including:
- Share price
- Corporate and regulatory requirements
- Other market conditions
No specific financial guidance, risk factors, or contingencies were detailed in this specific filing beyond the standard variables affecting the repurchase program.
Investor Verification Checklist
- Verify the total number of outstanding shares to calculate the maximum share count eligible for repurchase (5% of outstanding).
- Review the attached press release (Exhibit 99.1) for any additional details on the authorization process.
- Monitor future 8-K filings for reports of actual share repurchases under this program.
- Check the company's most recent 10-Q or 10-K for current liquidity levels to assess the capacity to fund the repurchase program.