Welcome to our dedicated page for Park National news (Ticker: PRK), a resource for investors and traders seeking the latest updates and insights on Park National stock.
Park National Corporation (NYSE American: PRK) is a Newark, Ohio-based commercial banking holding company whose news flow reflects both its financial performance and strategic activity. Through its primary subsidiary, The Park National Bank, Park reports regular updates on earnings, loan and deposit trends, capital levels, and asset quality, giving investors and observers insight into how the organization is managing its balance sheet and operations over time.
On this page, readers can review news releases covering quarterly and annual financial results, including details on net interest income, net income, net interest margin, efficiency ratio, and credit metrics. These earnings updates often include commentary from Park’s leadership on factors influencing results, such as loan growth, deposit behavior, expense management, and the broader economic environment.
Park’s news also highlights corporate developments and governance matters. Recent announcements include the planned succession of the Chief Executive Officer role, with the board electing Matthew R. Miller to succeed David L. Trautman as CEO effective January 1, 2026, while Mr. Trautman continues as Board Chair. Other releases describe additions to the board of directors and amendments to the company’s Code of Business Conduct and Ethics.
A significant theme in Park’s recent news is strategic expansion. In October 2025, Park announced a definitive merger agreement with First Citizens Bancshares, Inc., a Tennessee-based bank holding company. Related commentary from the company and a credit rating agency describes how the transaction is expected to extend Park’s footprint into Tennessee and build on its expansion into Kentucky, North Carolina, and South Carolina.
By following Park National Corporation news, readers can track developments in its financial performance, leadership, regulatory communications, and merger activity. This page is a resource for monitoring how PRK’s strategy and operations evolve through official company announcements.
Park National Corporation (NYSE AMERICAN: PRK) completed its all‑stock merger with First Citizens Bancshares, Inc. on February 1, 2026, combining Park National Bank and First Citizens National Bank into a single banking franchise.
Based on December 31, 2025 results, the combined company has pro forma total assets of $12.6 billion, deposits of $10.5 billion and loans of $9.6 billion, and now operates more than 100 branches across Ohio, Kentucky, North Carolina, South Carolina and Tennessee.
Park National Corporation (NYSE American: PRK) reported fourth-quarter 2025 net income of $42.6 million (up 10.4% year-over-year) and diluted EPS of $2.63 for 4Q25. For the full year 2025, Park reported net income of $180.1 million (up 18.9% YoY) and diluted EPS of $11.11. The board declared a quarterly cash dividend of $1.10 per common share, payable March 10, 2026 to shareholders of record February 20, 2026. Total loans rose 3.0% in 2025 and total deposits rose 1.2%. Park reported $9.8 billion in total assets at December 31, 2025 and expects the closing of First Citizens Bancshares on February 1, 2026.
Key financial table highlights include net interest income of $112.9 million in 4Q25 and full-year net interest income of $437.3 million, provision for credit losses of $11.5 million for 2025, and an efficiency ratio of 57.94% for the year.
Park National Corporation (NYSE: PRK) agreed to acquire First Citizens Bancshares (FIZN) in an all‑stock deal valued at ~$317 million (1.68x tangible book) announced Oct 27, 2025. The deal targets close in 1Q26 with integration in 3Q26.
Pro forma metrics: $12.7B assets, $9.5B loans, $10.4B deposits; projected ownership ~89% PRK / 11% FIZN. Pro forma capital: TCE ~11%, CET1 ~13%, a 50–60 bps core capital decline versus 3Q25. Expected slight TBV accretion at close, ~15% 2026E earnings accretion (company estimate), ~30% cost savings, and access to ~$600M excess liquidity for lending.
Park National (NYSE AMERICAN: PRK) and First Citizens Bancshares (OTCEM: FIZN) signed a definitive merger agreement on Oct 27, 2025 under which FIZN will merge into Park in an all-stock transaction.
Based on results as of Sep 30, 2025, the combined company will have $12.5B in assets, $10.5B in deposits and $9.6B in loans; Park will issue ~1.99M shares (0.52 Park shares per FIZN share) implying $82.96 per FIZN share and an aggregate value of ~$317.3M. Transaction values FIZN at 168% of tangible book and ~13.5x trailing EPS, and is expected to be ~15% accretive to 2026 EPS (excluding certain merger charges). Closing is expected in Q1 2026 and remains subject to regulatory and shareholder approvals.
Park National Corporation (NYSE American: PRK) reported third-quarter and nine‑month 2025 results. Park declared a quarterly cash dividend of $1.07 and a special one‑time dividend of $1.25, both payable Dec 10, 2025 to shareholders of record Nov 21, 2025.
3Q 2025 net income was $47.2M (+23.4% YoY) and diluted EPS was $2.92 (vs $2.35). Nine‑month net income was $137.4M (+21.8% YoY) and diluted EPS $8.48. Total assets were $9.9B as of Sept 30, 2025. Reported period-end deposits and loans rose modestly year-over-year, while nonperforming loans and nonperforming assets increased notably.
Park National Corporation (NYSE American: PRK) has announced a significant leadership transition, naming Matthew R. Miller as its new Chief Executive Officer, effective January 1, 2026. Miller, who will retain his position as president, succeeds David L. Trautman, who will continue serving as Chair of the Board.
The appointment follows a thorough evaluation by Park's board of directors, who approved Miller's appointment in their July 28 session. Miller has served as Park's president since 2019, while Trautman has held various leadership roles at Park for 42 years, including President (2005-2019), CEO (since 2014), and Board Chair (since 2019).
Park National Corporation (NYSE American: PRK) reported strong financial results for Q2 and H1 2025. Net income for Q2 2025 reached $48.1 million, up 22.2% from Q2 2024, with earnings per diluted share of $2.97 compared to $2.42. First half 2025 net income was $90.3 million, a 21.1% increase from H1 2024.
Key performance metrics showed solid growth with total loans increasing 3.9% year-over-year and a net interest margin expansion to 4.75% in Q2 2025. The company maintained strong asset quality with nonperforming loans at 0.82% of total loans. The board declared a quarterly cash dividend of $1.07 per share, payable September 10, 2025.
Park's total assets stood at $9.9 billion as of June 30, 2025, with period-end deposits showing resilience despite market challenges, decreasing only 0.9% year-over-year.
Park National (PRK) reported strong financial results for Q1 2025, with net income reaching $42.2 million, a 19.8% increase from $35.2 million in Q1 2024. The company's earnings per diluted share rose to $2.60, up from $2.17 in the same period last year.
The bank demonstrated solid growth metrics with total loans increasing by 0.9% (3.5% annualized) and deposits growing by 0.7% (2.9% annualized) during Q1 2025. The company's total assets stood at $9.9 billion as of March 31, 2025.
The board declared a quarterly cash dividend of $1.07 per common share, payable on June 10, 2025, to shareholders of record as of May 16, 2025. The company's net interest margin improved to 4.62%, up from 4.28% in Q1 2024.
Park National (NYSE American: PRK) reported strong financial results for Q4 and full year 2024. The company's net income for Q4 2024 reached $38.6 million, marking a significant 57.7% increase from $24.5 million in Q4 2023. Fourth quarter earnings per diluted share rose to $2.37 from $1.51 year-over-year.
For the full year 2024, Park achieved net income of $151.4 million, up 19.5% from $126.7 million in 2023, with earnings per diluted share increasing to $9.32 from $7.80. The company demonstrated solid growth with total loans increasing by 4.6% and deposits growing by 1.3% (2.7% including off-balance sheet deposits) during 2024. The company's total assets stood at $9.8 billion as of December 31, 2024.
The board declared a quarterly cash dividend of $1.07 per common share, payable March 10, 2025, to shareholders of record as of February 14, 2025.
Park National (PRK) reported strong financial results for Q3 2024, with net income reaching $38.2 million, up 3.5% from Q3 2023. The company's earnings per share increased to $2.35 from $2.28 year-over-year. For the first nine months of 2024, net income grew 10.3% to $112.8 million, with EPS of $6.95. Total loans increased by 3.4% during the first nine months of 2024, while deposits grew 2.1%. The net interest margin improved to 4.45% in Q3 2024, compared to 4.12% in Q3 2023. The board declared a quarterly dividend of $1.06 and a special one-time dividend of $0.50 per share.