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Regional Mid Atlantic Banks

Regional MidAtlantic Banks, ticker symbol PABK, is a bank holding company that operates through its subsidiary, Parke Bank, offering a range of commercial and personal banking services in the Mid-Atlantic region of the United States. The company's stock is listed on the NASDAQ stock exchange.

Here is some general information about the company, with a focus on its earnings, growth, and other relevant financial metrics:

1. Earnings: In its most recent quarterly report (Q3 2021), the company reported net income of $3.5 million, or $0.42 per diluted share, compared to $2.5 million, or $0.31 per diluted share, in the same period last year. This represents a year-over-year increase in earnings of approximately 40%.

2. Growth: Over the past five years, the company has grown its total assets from $553 million in 2016 to $865 million in 2021, representing a compound annual growth rate (CAGR) of approximately 10%. Meanwhile, the company's net loans have grown from $433 million in 2016 to $667 million in 2021, representing a CAGR of approximately 11%.

3. Valuation: As of February 2023, the company's stock is trading at a price-to-earnings (P/E) ratio of approximately 12.5x, based on its trailing 12-month earnings. This is slightly below the industry average for regional banks, which currently stands at around 14x.

4. Dividends: The company pays a quarterly dividend of $0.06 per share, which represents an annualized yield of approximately 1.5% based on the current stock price. The company has maintained or increased its dividend every year since 2013.

5. Risk: Like any public company, there are risks associated with investing in Regional MidAtlantic Banks. These risks include economic conditions, changes in interest rates, competition, and regulatory changes. However, the company has a strong track record of financial performance and has demonstrated an ability to navigate these risks effectively.

Overall, Regional MidAtlantic Banks appears to be a well-run bank holding company with a solid financial position and a history of growth. The company's earnings have been strong, and its valuation appears to be reasonable relative to its peers. Investors seeking exposure to the regional banking sector may want to consider adding PABK to their portfolios.