WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Wednesday reported fourth-quarter profit of $7.5 million.

The bank, based in Washington Township, New Jersey, said it had earnings of 69 cents per share.

The holding company for Parke Bank posted revenue of $21.8 million in the period. Its revenue net of interest expense was $15.5 million, which topped Street forecasts.

For the year, the company reported profit of $29.8 million, or $2.73 per share. Revenue was reported as $60.7 million.

Parke Bancorp shares have fallen 3.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.50, a climb of 35% 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

Automated Insights, source Associated Press News