PRK
Park National Corporation163.70
-0.72-0.44%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.63BP/E (TTM)
15.09Basic EPS (TTM)
10.85Dividend Yield
0.03%Recent Filings
10-Q
8-K
Park merges with First Citizens
Park National Corporation announced a merger with First Citizens Bancshares on October 27, 2025, an all-stock deal converting each First Citizens share into 0.52 Park shares, valued at $317.3 million based on Park's $159.54 closing price. The transaction, expected to close in Q1 2026 pending shareholder and regulatory approvals, will expand Park's footprint into Tennessee's high-growth markets, adding $2.6 billion in assets and 24 branches while maintaining First Citizens' community focus. It promises 15% EPS accretion in 2026 with full cost savings, yet regulatory hurdles loom large.
10-Q
Q2 FY2025 results
Park National Corporation posted solid Q2 FY2025 results, with net income climbing 22% year-over-year to $48.1 million, or $2.97 diluted EPS, fueled by net interest income up 11% to $109.0 million on 4% loan growth to $7.92 billion average balance yielding 6.37% (derived), while deposit costs eased 26 basis points to 1.73%. Other income rose 12% to $32.2 million, driven by fiduciary fees and mortgage services, yet expenses ticked up 5% to $79.0 million amid higher salaries and data processing. Provision for credit losses held steady at $2.9 million, with nonperformers dipping to 0.82% of loans; free cash flow stood at $80.1 million after $7.4 million capex. Liquidity remains robust at $1.91 billion, but commercial real estate stress lingers. Watch list loans ticked up.
8-K
Park's Q2 earnings surge
Park National Corporation released its investor presentation on August 4, 2025, highlighting robust Q2 results with net income climbing to $48.1 million from $42.2 million in Q1, fueled by a net interest margin expansion to 4.75%. Assets neared $10 billion at $9.95 billion, loans hit $7.96 billion, and CET1 ratio stood at 13.6%, underscoring preparation for regulatory shifts. Yet credit provisions rose to $2.9 million amid stable asset quality.
8-K
CEO succession announced
Park National Corporation elected Matthew R. Miller as CEO of the company and its subsidiary The Park National Bank, effective January 1, 2026, succeeding David L. Trautman, who will remain Board Chair. Miller, 47, has served as president since 2019 after joining in 2009 and holding roles like Chief Accounting Officer. This succession underscores the board's focus on leadership continuity amid Park's growth to $9.9 billion in assets as of June 30, 2025. Smooth transitions define Park's history.
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