PRK
Park National Corporation163.70
-0.72-0.44%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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-K
FY2025 results
Park National Corporation posted FY2025 net income of $180M, up 19% y/y, with net interest income climbing to $437M on 6.3% loan yields across $7.9B average loans while deposit costs fell to 1.7%. Q4 accelerated momentum as the net interest margin hit 4.9%, up from 4.6% Q1, fueled by loan growth to $8.1B (CRE +8%, residential +8%) and repositioning the securities book via $79M AFS sales. Noninterest income held steady at $120M despite a $2M securities loss, while expenses edged up 1% to $324M on data processing. Q4 drove liquidity strength with deposits +1% y/y to $8.2B and no subordinated debt after full $190M repayment; net charge-offs fell to 0.08% of loans. Yet office CRE stress lingers.
8-K
Merger closed, Tennessee expansion
Park National closed its merger with First Citizens Bancshares on February 1, 2026, adding $2.6B in assets and expanding into Tennessee's high-growth markets. The all-stock deal, valued at $324.1M, delivers 15% 2026E EPS accretion while maintaining 13% CET1. Integration hits Q3 2026. Risks include costlier-than-expected merger execution.
8-K
Merger closes, enters Tennessee
Park National closed its all-stock merger with First Citizens Bancshares on February 1, 2026, converting First Citizens shares at 0.52 Park shares each. The bank merger followed immediately, creating a Tennessee Region led by new director Jeffrey D. Agee with $560,982 base salary through 2026. Pro forma assets hit $12.6 billion. Integration risks loom.
8-K
Earnings up 19%; merger approved
Park National reported 2025 net income of $180.1 million, up 18.9% from 2024, fueled by 9.9% higher net interest income and lower credit provisions, while loans grew 3.0% to $8.05 billion. First Citizens shareholders approved the merger on January 21, 2026; closure expected February 1. Board hiked quarterly dividend to $1.10 per share. Integration risks loom.
8-K
DeLawder retires from board
Park National Corporation director C. Daniel DeLawder announced his retirement on December 29, 2025, opting not to stand for re-election at the 2026 Annual Meeting. His term ends just before then, wrapping up roles as Executive Committee Chair for PRK and PNB, plus PNB Wealth Management Committee Chair. DeLawder served 55 years, including 15 as CEO. Board will fill the vacancy later.
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