Top 5 Most Profitable Banks in the World

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1. Parke Bancorp, Inc. (NASDAQ:PKBK)

Latest Net Margin: 52.58%

Parke Bancorp, Inc. (NASDAQ:PKBK) is a New Jersey based bank. It is headquartered in Washington Township and has seven branches. These are located in New Jersey and Philadelphia. It caters to the needs of business and retail customers and provides deposit accounts and loans for a variety of industries including construction and industrial.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that two had bought Parke Bancorp, Inc. (NASDAQ:PKBK)’s shares. Its largest shareholder is Matthew Lindenbaum’s Basswood Capital with a $5 million investment.

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