Park National Stock Price, News & Analysis

Park National Corporation (NYSE American: PRK) is a financial services holding company headquartered in Newark, Ohio. According to company disclosures and regulatory filings, Park conducts its primary banking operations through its wholly owned national bank subsidiary, The Park National Bank. Park is classified in the commercial banking industry within the broader finance and insurance sector and focuses on providing banking and other financial services to consumers and businesses.

Public information indicates that Park has a long history in community banking and has grown to serve customers across multiple states. A Polygon description notes that Park historically consisted of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. More recent company news reports that Park has expanded its presence beyond Ohio, with operations and offices in Kentucky and the Carolinas and a growing footprint in the southeastern United States.

Business structure and subsidiaries

Park’s banking activities are centered in The Park National Bank, which is a national banking association. In addition to its core bank subsidiary, Park reports several non-bank subsidiaries that support specific lines of business and balance sheet management. These include Scope Leasing, Inc. (doing business as Scope Aircraft Finance), Guardian Financial Services Company (doing business as Guardian Finance Company), Park Investments, Inc., and SE Property Holdings, LLC. These entities are referenced in multiple earnings releases as part of Park’s consolidated corporate structure.

Through these subsidiaries, Park engages in commercial banking and related financial activities. Public statements emphasize relationship-focused banking and community engagement, but detailed product-level information is not provided in the available sources. The company’s periodic earnings releases describe its performance in terms of net interest income, loan growth, deposit trends, and asset quality, which are typical metrics for a commercial banking organization.

Geographic footprint and growth strategy

Park is based in Newark, Ohio and has a longstanding presence in that state. Company news releases describe Park as having more than a century of community banking experience in Ohio. Over time, Park has expanded into additional markets. A 2025 announcement notes that Park has expanded its presence in the Carolinas and other regions and that it relocated its Louisville, Kentucky office to a larger office, added offices in Columbus, Ohio, and opened commercial loan production offices in Greensboro and Raleigh, North Carolina.

Park’s growth strategy includes both organic expansion and acquisitions. On October 27, 2025, Park announced a definitive merger agreement with First Citizens Bancshares, Inc., a Tennessee-based bank holding company. Under this agreement, First Citizens will merge with and into Park, followed by the merger of First Citizens National Bank into The Park National Bank. Regulatory filings and news releases state that this transaction is expected to close in the first quarter of 2026, subject to customary shareholder and regulatory approvals. Upon closing, Park will create a new Tennessee Region within Park National Bank, led by First Citizens’ CEO and President, and one First Citizens director will join Park’s board.

According to the merger announcement, First Citizens operates 24 banking offices in Tennessee and has assets of $2.6 billion as of September 30, 2025. The combination is expected to extend Park’s footprint into Tennessee and build on its expansion into high-growth southeastern markets, complementing prior entries into Kentucky, North Carolina, and South Carolina. Public commentary from a credit rating agency characterizes the transaction as consistent with Park’s stated growth objectives, which include inorganic growth through the acquisition of banks in a specified asset range and expansion into markets with strong economic growth.

Scale and financial profile

Park’s earnings releases provide a view of its overall scale. As of various reporting dates in 2024 and 2025, Park reports total assets of approximately $9.8 to $9.9 billion. These figures place Park in the category of a regional or mid-sized banking organization rather than a small community bank. The company’s financial highlights detail net interest income, net income, loan balances, deposit balances, and capital ratios over time. While specific quarterly and annual figures change, the disclosures consistently show that Park’s balance sheet is concentrated in loans and deposits, with loans representing a substantial portion of total assets.

Public filings and news releases also discuss net interest margin, efficiency ratio, and asset quality measures such as nonperforming loans, nonperforming assets, allowance for credit losses, and net charge-offs. These metrics are presented to investors as indicators of profitability, cost control, and credit risk management. Park’s management frequently references disciplined expense control, relationship-driven banking, and a focus on execution as drivers of its financial performance.

Regulatory status and public listing

Park National Corporation is incorporated in Ohio and is registered with the U.S. Securities and Exchange Commission (SEC) under Commission File Number 1-13006. The company files periodic reports and current reports, including Forms 10-K, 10-Q, and 8-K. Recent 8-K filings cover topics such as quarterly and annual financial results, investor presentations, leadership changes, amendments to the code of business conduct and ethics, and the announced merger with First Citizens Bancshares, Inc.

Park’s common stock trades on the NYSE American under the ticker symbol PRK. Market data tables in the company’s earnings releases show book value per share, market price per share at period end, and market capitalization, along with earnings per share and dividend information. The company’s board of directors regularly declares quarterly cash dividends and has, at times, declared special one-time dividends, as disclosed in its earnings announcements.

Leadership and governance

Park’s governance structure includes a board of directors overseeing both Park National Corporation and The Park National Bank. SEC filings and news releases document board-level decisions and leadership transitions. For example, a July 28, 2025 Form 8-K reports that the board unanimously elected Matthew R. Miller to succeed David L. Trautman as Chief Executive Officer of Park and The Park National Bank, effective January 1, 2026, with Mr. Trautman continuing as Chair of both boards. Another 8-K dated December 29, 2025 notes the planned retirement of a long-serving director who previously held multiple leadership roles at the company.

Park periodically updates its Code of Business Conduct and Ethics, as reflected in a July 25, 2025 Form 8-K, which describes amendments intended to improve readability, remove duplication, and align the code’s format with other governance documents. The company also announces new board members through news releases, such as the May 21, 2024 announcement that two new directors would join the boards of Park and The Park National Bank and serve on the board’s Risk Committee.

Risk factors and operating environment

In its earnings releases and SEC filings, Park includes detailed safe harbor statements and risk factor discussions. These disclosures outline potential risks that could affect the company’s performance, including economic and financial market conditions, changes in interest rates, real estate values, borrower creditworthiness, regulatory changes, competition within the financial services industry, operational risks related to technology and third-party vendors, cybersecurity risks, and the impact of natural disasters and other disruptive events. Management emphasizes that forward-looking statements are based on current expectations and are subject to these and other uncertainties.

Park’s management also discusses the use of non-U.S. GAAP financial measures, such as return on average tangible equity, return on average tangible assets, tangible equity to tangible assets, tangible book value per share, and pre-tax, pre-provision net income. The company provides reconciliations to the comparable U.S. GAAP measures in its financial results news releases and explains why these non-GAAP measures are used to evaluate performance and compare results over time and with peers.

Position within the banking sector

Based on its asset size and public disclosures, Park National Corporation operates as a mid-sized commercial banking organization with a regional footprint anchored in Ohio and extending into other states. The company’s strategy, as described in its public communications, centers on community-focused banking, measured expansion into selected markets, and disciplined financial management. Its announced acquisition of First Citizens Bancshares, Inc. is presented as an example of this strategy, aimed at expanding into Tennessee and further building out its presence in the southeastern United States while maintaining a focus on credit quality and capital strength.

Frequently asked questions (FAQ)

• What does Park National Corporation do?
  Park National Corporation is a financial services holding company in the commercial banking industry. It conducts its primary banking operations through The Park National Bank and provides banking and other financial services to consumers and businesses, as described in its public disclosures.
• Where is Park National Corporation headquartered?
  Park National Corporation is headquartered in Newark, Ohio, as stated in multiple company news releases and SEC filings.
• On which exchange does PRK trade?
  Park’s common stock trades on the NYSE American under the ticker symbol PRK, as indicated in its earnings announcements and transaction-related news releases.
• What is Park’s primary banking subsidiary?
  Park’s primary banking subsidiary is The Park National Bank, a national banking association through which Park conducts its core banking operations.
• In which states does Park operate?
  Public information notes that Park has a longstanding presence in Ohio and has expanded into Kentucky and the Carolinas. A merger announcement indicates that, upon completion of the First Citizens Bancshares, Inc. transaction, Park will also have a Tennessee region within Park National Bank.
• What is the significance of the First Citizens Bancshares, Inc. merger?
  The Agreement and Plan of Merger with First Citizens Bancshares, Inc. provides for First Citizens to merge with and into Park, followed by the merger of First Citizens National Bank into The Park National Bank. Company news and an 8-K filing state that this transaction is expected to expand Park’s footprint into Tennessee and is consistent with its growth objectives focused on acquiring banks within a targeted asset range and entering markets with strong economic growth.
• How large is Park National Corporation?
  Earnings releases report that Park has total assets of approximately $9.8 to $9.9 billion as of various dates in 2024 and 2025. These figures place Park among mid-sized U.S. banking organizations by asset size.
• What non-bank subsidiaries does Park have?
  Park identifies several non-bank subsidiaries, including Scope Leasing, Inc. (d.b.a. Scope Aircraft Finance), Guardian Financial Services Company (d.b.a. Guardian Finance Company), Park Investments, Inc., and SE Property Holdings, LLC. These entities are listed in multiple company news releases as part of Park’s consolidated group.
• How does Park describe its financial performance?
  Park’s management highlights metrics such as net income, net interest income, loan and deposit growth, net interest margin, efficiency ratio, and asset quality indicators. Public statements attribute performance to factors such as disciplined expense management, relationship-driven banking, and consistent execution.
• Where can investors find Park’s official financial reports?
  Investors can review Park’s SEC filings, including Forms 10-K, 10-Q, and 8-K, which are referenced in the company’s news releases and provide detailed financial and risk disclosures.