Park National Corp

PRK

Equity

ISIN null / Valor 960504

NYSE American (2025-11-21)

USD 154.97+1.90%

Park National Corp
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About company

Park National Corporation, headquartered in Newark, Ohio, operates as a diversified bank holding company with a substantial presence in the financial sector, boasting assets worth $9.8 billion. The company has established a robust network of over 90 offices and ATMs across Ohio, Kentucky, and the Carolinas, catering to a wide range of banking needs. Beyond its traditional banking operations, Park National Corporation encompasses a non-bank subsidiary alongside two specialty finance companies, indicating a broadened scope of financial services. The organization prides itself on delivering personalized banking services, emphasizing a hands-on approach to meet the unique requirements of individuals, families, and businesses. This strategy reflects Park National Corporation's commitment to providing comprehensive financial solutions and support to its diverse clientele.

Summarized from source with an LLMView SourceSector: Finance

Net Income Growth

For the second quarter of 2025, Park National Corp achieved a net income of $48.1 million, marking a 22.2% increase compared to $39.4 million in the same quarter of 2024. This growth highlights the company's effective strategies and operational excellence.

Dividend Declaration

Park National Corp's board of directors declared a quarterly cash dividend of $1.07 per common share, payable on September 10, 2025, to shareholders of record as of August 15, 2025. This dividend underscores the company's commitment to rewarding its investors.

Earnings Per Share

Earnings per diluted common share for the second quarter of 2025 rose to $2.97, up from $2.42 in Q2 2024. For the first half of 2025, earnings per diluted common share increased by 21.1% to $5.56, compared to $4.60 in the first half of 2024.

Loan and Deposit Growth

During the first half of 2025, Park National Corp's total loans grew by 1.9%, while deposits increased by 1.2%. Additionally, for the 12-month period ended June 30, 2025, loans grew by 3.9% and deposits saw a decrease of 0.9%. The consistent loan growth coupled with steady deposits contributed to the company's financial success.

Performance Ratios

Park National Corp reported a return on average assets of 1.92% and a return on average shareholders' equity of 14.96% for the second quarter of 2025. These performance ratios reflect the company's efficient use of its assets and equity to generate profits.

Summarized from source with an LLMView Source

Key figures

-20.0%1Y

5.47%3Y

50.4%5Y

Performance

27.7%1Y

32.8%3Y

31.2%5Y

Volatility