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Parkway Acquisition Corp. Announces First Quarter 2021 Results


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FLOYD and INDEPENDENCE, Va., May 5, 2021 /PRNewswire/ Parkway Acquisition Corp. ( Parkway or the Company ) (OTC QX: PKKW) – the holding company for Skyline National Bank ( Skyline or the Bank ) – announced its results of operations for the first quarter 2021.  Parkway reported net income of $1.8 million for the quarter ended March 31, 2021, and finished the first quarter of 2021 with total assets of $906.8 million. 
Net income for the three months ended March 31, 2021 was $1.8 million or $0.31 per share, compared with $1.7 million or $0.27 per share for the three months ended March 31, 2020.  First quarter 2021 earnings represented an annualized return on average assets ( ROAA ) of 0.86% and an annualized return on average equity ( ROAE ) of 8.79%, compared to 0.94% and 8.23%, respectively, for the same period last year.  ....

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Parkway Acquisition Corp. Announces Fourth Quarter 2020 Results


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FLOYD, Va. and INDEPENDENCE, Va., Feb. 17, 2021 /PRNewswire/ Parkway Acquisition Corp. ( Parkway or the Company ) (OTC QX: PKKW) – the holding company for Skyline National Bank ( Skyline or the Bank ) – announced fourth quarter 2020 earnings.
Net income for the three months ended December 31, 2020 was $1.7 million or $0.28 per share, compared with $1.7 million or $0.28 per share for the three months ended December 31, 2019.  Net income for the year ended December 31, 2020 was $5.9 million or $0.97 per share, compared with $7.2 million or $1.16 per share for the year ended December 31, 2019.  Fourth quarter earnings represented an annualized return on average assets ( ROAA ) of 0.79% and an annualized return on average equity ( ROAE ) of 7.92% for the quarter ended December 31, 2020, compared to 0.98% and 8.47%, respectively, for the quarter ended December 31, 2019.  Earnings for the year ended December 31, 2020 represe ....

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