Park National Stock Price, News & Analysis

Park National Corporation (NYSE American: PRK) has elected D. Byrd Miller III as a director, effective January 1, 2022. Miller, who has served on the advisory board for the Carolina Division, brings extensive banking experience, including a past role as senior vice president at Bank of America. He will also join the Audit Committee of Park's Board of Directors. With total assets of $10 billion as of September 30, 2021, Park National aims to leverage Miller's financial insight to enhance its operations and community service.

Park National Corporation (NYSE American: PRK) reported strong financial results for Q3 and the first nine months of 2021. Net income rose by 14.9% to $35.4 million in Q3, while year-to-date net income reached $117.4 million, a 41.9% increase from 2020. The board declared a quarterly dividend of $1.03 and a special dividend of $0.20, both payable on December 10, 2021. Additionally, the company will raise its minimum wage to $15 per hour and provide one-time bonuses of $1,000 and $750 for full-time and part-time associates, respectively.

Park National Corporation (NYSE American: PRK) announced the election of Dr. Frederic Bertley to its board of directors, effective September 1, 2021. Dr. Bertley, currently the CEO of COSI in Columbus, Ohio, is recognized for his innovative leadership and community engagement. He will also join the board of The Park National Bank. The chairman, David Trautman, emphasized Bertley's potential to drive the company's mission of serving communities. Dr. Bertley's extensive background in science and education enhances Park's strategic vision, aiming for long-term success.

Park National Corporation (NYSE American: PRK) reported strong financial results for Q2 and H1 2021, with net income increasing by 32.6% to $39.1 million for Q2 and by 58.0% to $82.0 million for H1 compared to the same periods in 2020. Diluted earnings per share rose to $2.38 for Q2 and $4.98 for H1. The company's community-banking subsidiary, The Park National Bank, also saw a net income surge of 33.0% for Q2. Additionally, a quarterly cash dividend of $1.03 per share was declared, payable on September 10, 2021, to shareholders of record as of August 20, 2021.

Dan DeLawder, a long-serving leader at Park National Corporation, announced his retirement effective June 30, 2021, after 50 years. Under his leadership, the bank expanded from $91 million in assets and 7 offices to $9.9 billion in assets with 97 branches across four states. DeLawder will continue serving on the board and as chairman of key committees. His tenure included significant mergers, regulatory changes, and community involvement, contributing to both the bank's growth and the Ohio banking industry's development. His retirement follows a long tradition of planned leadership transitions at Park.

Park National Corporation (PRK) reported impressive first quarter 2021 financial results, with net income soaring by 91.4% to $42.8 million, up from $22.4 million in Q1 2020. The diluted earnings per share reached $2.61, compared to $1.36 in the prior year. The growth was fueled by steady increases in consumer and commercial lending, with mortgage origination volume hitting $304 million, up from $178 million in Q1 2020. A quarterly cash dividend of $1.03 per share was declared, payable on June 10, 2021.

Park National Corporation (PRK) reported robust financial results for Q4 and FY 2020, marking significant growth with a net income of $45.2 million for Q4, up 88.8% YoY, and $127.9 million for the full year, a 24.6% increase. Diluted EPS rose to $2.75 in Q4 and $7.80 for 2020. The board declared a quarterly dividend of $1.03 and a special dividend of $0.20. The bank highlighted its commitment to community support, aiding over 8,000 families with home loans and preserving 65,000 jobs via the PPP. Assets totaled $9.3 billion as of December 31, 2020.

Park National Corporation (NYSE American: PRK) reported Q3 2020 net income of $30.8 million, a slight decline of 1.0% from $31.1 million in Q3 2019. Earnings per diluted share were $1.88, down from $1.89 a year earlier. However, YTD net income increased by 5.0% to $82.7 million, with earnings per diluted share rising to $5.04 compared to $4.84 in 2019. The Park National Bank, Park's community-banking arm, posted a 6.3% growth in Q3 income, reaching $32.9 million. A quarterly cash dividend of $1.02 per share was declared, payable on December 10, 2020.

Park National Corporation (NYSE American: PRK) reported its Q2 2020 net income at $29.5 million, reflecting a 33.1% increase from Q2 2019. For the first half of 2020, net income reached $51.9 million, an 8.9% increase compared to the prior year. Diluted earnings per share (EPS) were $1.80 for Q2 and $3.16 for the first half. The Park National Bank contributed $30.8 million in Q2 net income, up 4.7% year-over-year. A quarterly cash dividend of $1.02 per share was declared, payable on September 10, 2020.