Park National/$PRK

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About Park National

Park National Corp is a diversified financial services company based in Newark, Ohio, consisting of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. The company provides the following principal services: the acceptance of deposits for demand, savings and time accounts; commercial, industrial, consumer and real estate lending, including installment loans, credit cards (which are largely offered through a third party), home equity lines of credit and commercial leasing; trust and wealth management services; cash management; safe deposit operations; electronic funds transfers; and a variety of additional banking-related services.
Ticker
$PRK
Sector
Finance
Primary listing
AMEX
Employees
1,693

Park National Metrics

BasicAdvanced
$3.3B
16.38
$11.19
0.68
$5.62
2.40%

Bulls say / Bears say

Park’s second-quarter net income rose 22.1% year on year to $58.8 million, while first-half net income increased 11.3% despite merger costs. This suggests the enlarged bank is already adding earnings. (Park National Bank)
The First Citizens deal added $2.6 billion of assets, $1.6 billion of loans and $2.2 billion of deposits. That gives Park a larger platform and entry into Tennessee, with scope to grow its relationship-banking and fee businesses. (Park National Bank, Last10K)
The quarterly dividend was maintained at $1.10 per share as earnings improved. That supports Park’s appeal to income-focused investors, provided the post-merger earnings uplift continues. (Park National Bank)
The First Citizens integration is still consuming capital and management attention: merger-related costs reached $19.6 million in the first half, with the acquired region’s systems conversion planned for the third quarter. Delays or disruption could reduce the expected benefits. (Park National Bank, Quartr)
Credit costs are moving higher as Park expands: the first-half provision for credit losses doubled to $7.2 million, while net charge-offs increased to $5.1 million from $1.8 million a year earlier. Further deterioration in the acquired loan book would put pressure on earnings. (StockTitan)
The enlarged balance sheet carries funding and market-value risks. Uninsured deposits were about 21.5% of total deposits, while available-for-sale securities included $49.4 million of unrealised losses at the end of June. (StockTitan, Last10K)
Data summarised monthly by Lightyear AI. Last updated on 20 Sept 2026.

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