NYSEAMERICAN : PRK
Park National Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 180.72 USD (Oct 30, 2026, 10:12 AM EDT) · Market cap 3.26B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 581.24M | 500.28M | 467.60M | 399.80M | 323.11M | 317.21M |
| Interest Income on Investments | 56.61M | 44.26M | 55.36M | 71.88M | 55.14M | 28.64M |
| Total Interest Income | 637.85M | 544.54M | 522.97M | 471.67M | 378.25M | 345.85M |
| Interest Paid on Deposits | 116.93M | 99.78M | 112.38M | 84.45M | 20.96M | 6.31M |
| Interest Paid on Borrowings | 2.61M | 7.45M | 12.56M | 14.10M | 10.23M | 9.65M |
| Total Interest Expense | 119.54M | 107.23M | 124.95M | 98.56M | 31.19M | 15.96M |
| Net Interest Income | 518.31M | 437.31M | 398.02M | 373.11M | 347.06M | 329.89M |
| Trust Income | 51.16M | 45.77M | 42.49M | 35.47M | 34.09M | 34.45M |
| Gain (Loss) on Sale of Investments | 8.75M | 2.41M | 2.55M | -6.90M | 2.96M | 5.01M |
| Other Non-Interest Income | 68.31M | 61.65M | 68.54M | 55.62M | 71.15M | 81.59M |
| Total Non-Interest Income | 141.28M | 119.88M | 122.59M | 92.63M | 135.94M | 129.94M |
| Revenues Before Loan Losses | 659.59M | 557.19M | 520.61M | 465.75M | 482.99M | 459.84M |
| Provision for Loan Losses | 10.13M | 11.49M | 14.54M | 2.90M | 4.56M | -11.92M |
| Revenue | 649.46M | 545.70M | 506.06M | 462.84M | 478.44M | 471.75M |
| Salaries and Employee Benefits | 213.49M | 186.69M | 183.81M | 175.94M | 169.23M | 162.52M |
| Occupancy Expenses | 2.91M | |||||
| Federal Deposit Insurance | 7.57M | 6.36M | 6.74M | 7.64M | 5.41M | 5.92M |
| Amortization of Goodwill & Intangibles | 5.54M | 1.04M | 1.22M | 1.32M | 1.49M | 1.80M |
| Selling, General & Administrative | 125.34M | 115.86M | 110.15M | 107.40M | 103.02M | 96.20M |
| Other Non-Interest Expense | 20.35M | 14.43M | 19.43M | 16.94M | 18.83M | 17.09M |
| Total Non-Interest Expense | 375.19M | 324.38M | 321.34M | 309.24M | 297.98M | 283.52M |
| EBT Excluding Unusual Items | 274.26M | 221.32M | 184.72M | 153.60M | 180.46M | 188.24M |
| Pretax Income | 248.01M | 221.32M | 184.72M | 153.60M | 180.46M | 188.24M |
| Income Tax Expense | 48.01M | 41.25M | 33.30M | 26.87M | 32.11M | 34.29M |
| Net Income | 200.01M | 180.07M | 151.42M | 126.73M | 148.35M | 153.94M |
| Net Income to Common | 200.01M | 180.07M | 151.42M | 126.73M | 148.35M | 153.94M |
| Basic Shares Outstanding | 17.40M | 16.11M | 16.14M | 16.16M | 16.25M | 16.29M |
| Diluted Shares Outstanding | 17.50M | 16.20M | 16.24M | 16.25M | 16.37M | 16.43M |
| EPS (Basic) | 11.49 | 11.18 | 9.38 | 7.84 | 9.13 | 9.45 |
| EPS (Diluted) | 11.42 | 11.11 | 9.32 | 7.80 | 9.06 | 9.37 |
| Dividend Per Share | 4.37 | 4.28 | 4.24 | 4.20 | 4.16 | 4.12 |
| Effective Tax Rate | 19.36% | 18.64% | 18.03% | 17.49% | 17.79% | 18.22% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 151.08M | 233.51M | 160.57M | 218.27M | 189.73M | 219.18M |
| Investment Securities | 1.72B | 449.44M | 625.10M | 823.97M | 1.10B | 991.59M |
| Trading Asset Securities | 548.00K | 1.01M | 1.07M | 1.51M | 1.95M | |
| Mortgage-Backed Securities | 399.96M | 518.58M | 635.48M | 756.76M | 854.46M | |
| Total Investments | 1.72B | 849.96M | 1.14B | 1.46B | 1.86B | 1.85B |
| Gross Loans | 9.77B | 8.05B | 7.82B | 7.48B | 7.14B | 6.88B |
| Allowance for Loan Losses | -109.87M | -92.97M | -87.97M | -83.75M | -85.38M | -83.20M |
| Other Adjustments to Gross Loans | -669.00K | -1.80M | -2.50M | -4.20M | ||
| Net Loans | 9.66B | 7.96B | 7.73B | 7.39B | 7.06B | 6.79B |
| Property, Plant & Equipment | 100.36M | 78.26M | 86.93M | 92.23M | 100.99M | 104.89M |
| Goodwill | 159.59M | 159.59M | 159.59M | 159.59M | 159.59M | |
| Other Intangible Assets | 303.38M | 2.40M | 3.44M | 4.65M | 5.97M | 7.46M |
| Accrued Interest Receivable | 34.62M | 36.28M | 39.24M | 34.70M | 23.41M | |
| Other Current Assets | 197.81M | 190.12M | 165.88M | 153.58M | 144.12M | |
| Other Real Estate Owned & Foreclosed | 18.62M | 1.61M | 2.14M | 2.08M | 1.96M | 4.08M |
| Other Long-Term Assets | 686.95M | 280.98M | 283.82M | 283.77M | 283.34M | 248.17M |
| Total Assets | 12.65B | 9.81B | 9.81B | 9.84B | 9.85B | 9.56B |
| Interest Bearing Deposits | 6.93B | 5.33B | 5.28B | 5.28B | 5.16B | 4.77B |
| Institutional Deposits | 635.00M | 252.70M | 255.30M | 132.80M | 65.80M | |
| Non-Interest Bearing Deposits | 3.05B | 2.66B | 2.61B | 2.63B | 3.07B | 3.07B |
| Total Deposits | 10.62B | 8.24B | 8.14B | 8.04B | 8.23B | 7.90B |
| Short-Term Borrowings | 150.80M | 82.26M | 91.44M | 329.25M | 228.85M | 241.00M |
| Current Portion of Leases | 2.62M | |||||
| Accrued Interest Payable | 4.08M | 7.86M | 6.86M | 3.49M | 3.12M | |
| Long-Term Leases | 14.44M | 16.50M | 16.61M | 19.29M | 14.34M | |
| Trust Preferred Securities | 189.65M | 189.15M | 188.67M | 188.21M | ||
| Pension & Post-Retirement Benefits | 16.20M | 15.50M | 15.20M | 14.20M | 13.40M | |
| Other Long-Term Liabilities | 155.94M | 88.91M | 97.02M | 91.53M | 96.56M | 84.90M |
| Total Liabilities | 10.93B | 8.45B | 8.56B | 8.69B | 8.79B | 8.45B |
| Common Stock | 786.94M | 465.03M | 463.71M | 463.28M | 462.40M | 461.80M |
| Retained Earnings | 1.17B | 1.07B | 977.60M | 903.88M | 847.24M | 776.29M |
| Treasury Stock | -169.59M | -167.32M | -151.28M | -155.67M | -138.02M | -142.49M |
| Comprehensive Income & Other | -69.70M | -12.74M | -46.17M | -66.19M | -102.39M | 15.15M |
| Shareholders' Equity | 1.72B | 1.35B | 1.24B | 1.15B | 1.07B | 1.11B |
| Total Liabilities & Equity | 12.65B | 9.81B | 9.81B | 9.84B | 9.85B | 9.56B |
| Total Debt | 150.80M | 99.32M | 297.60M | 535.00M | 436.81M | 443.55M |
| Net Cash (Debt) | 277.00K | 134.74M | -136.02M | -315.67M | -245.57M | -222.42M |
| Net Cash Per Share | 0.02 | 8.32 | -8.37 | -19.43 | -15.01 | -13.54 |
| Filing Date Shares Outstanding | 18.06M | 18.07M | 16.16M | 16.12M | 16.26M | 16.22M |
| Total Common Shares Outstanding | 18.06M | 16.08M | 16.16M | 16.12M | 16.26M | 16.22M |
| Book Value Per Share | 94.83 | 84.14 | 76.98 | 71.06 | 65.74 | 68.48 |
| Tangible Book Value | 1.41B | 1.19B | 1.08B | 981.05M | 903.66M | 943.70M |
| Tangible Book Value Per Share | 78.03 | 74.06 | 66.89 | 60.87 | 55.56 | 58.18 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 180.07M | 151.42M | 126.73M | 148.35M | 153.94M | |
| Depreciation & Amortization | 13.99M | 15.18M | 17.10M | 17.62M | 18.58M | |
| Gain (Loss) on Sale of Assets | -5.61M | 4.00K | ||||
| Gain (Loss) on Sale of Investments | -1.53M | -948.00K | 10.70M | 711.00K | -2.84M | |
| Total Asset Writedown | -12.04M | -64.00K | ||||
| Provision for Credit Losses | 11.49M | 14.54M | 2.90M | 4.56M | -11.92M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 4.51M | -304.00K | 127.00K | 11.48M | 40.30M | |
| Change in Other Net Operating Assets | -3.15M | 11.38M | -3.60M | -17.26M | 2.05M | |
| Other Operating Activities | -12.71M | -18.08M | -9.62M | -13.63M | -32.73M | |
| Operating Cash Flow | 198.32M | 178.85M | 151.14M | 136.64M | 157.33M | |
| Capital Expenditures | -6.37M | -9.18M | -7.59M | -7.94M | -14.09M | |
| Investment in Securities | 322.44M | 318.76M | 416.11M | -150.34M | -728.99M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -233.08M | -341.50M | -330.44M | -269.18M | 315.90M | |
| Other Investing Activities | 3.18M | 12.77M | -14.55M | 21.99M | 15.03M | |
| Investing Cash Flow | 86.16M | -19.15M | 63.52M | -405.47M | -412.14M | |
| Short-Term Debt Issued | 100.84M | |||||
| Total Debt Issued | 100.84M | |||||
| Short-Term Debt Repaid | -8.72M | -237.75M | -11.44M | -103.44M | ||
| Long-Term Debt Repaid | -190.00M | -32.50M | ||||
| Total Debt Repaid | -198.72M | -237.75M | -11.44M | -135.94M | ||
| Net Debt Issued (Repaid) | -198.72M | -237.75M | 100.84M | -11.44M | -135.94M | |
| Repurchase of Common Stock | -23.08M | -3.12M | -25.86M | -2.76M | -18.45M | |
| Common Dividends Paid | -69.59M | -69.32M | -68.95M | -69.18M | -71.02M | |
| Total Dividends Paid | -69.59M | -69.32M | -68.95M | -69.18M | -71.02M | |
| Net Increase (Decrease) in Deposit Accounts | 100.19M | 100.96M | -192.15M | 330.19M | 332.22M | |
| Financing Cash Flow | -211.53M | -217.40M | -186.12M | 239.38M | 103.52M | |
| Net Cash Flow | 72.95M | -57.70M | 28.54M | -29.45M | -151.29M | |
| Free Cash Flow | 191.95M | 169.66M | 143.55M | 128.71M | 143.24M | |
| Free Cash Flow Margin | 35.17% | 33.53% | 31.01% | 26.90% | 30.36% | |
| Free Cash Flow Per Share | 11.85 | 10.44 | 8.83 | 7.87 | 8.72 | |
| Cash Interest Paid | 111.01M | 123.95M | 95.18M | 30.82M | 16.70M | |
| Cash Income Tax Paid | 33.58M | 23.26M | 17.20M | 24.67M | 25.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.31B | 2.45B | 2.77B | 2.14B | 2.29B | 2.23B |
| Last Close Price | 183.02 | 149.41 | 162.63 | 122.27 | 124.77 | 117.56 |
| PE Ratio | 16.02 | 13.59 | 18.29 | 16.90 | 15.43 | 14.47 |
| PS Ratio | 5.09 | 4.48 | 5.47 | 4.63 | 4.79 | 4.72 |
| PB Ratio | 1.93 | 1.81 | 2.23 | 1.87 | 2.14 | 2.00 |
| P/FCF Ratio | 17.94 | 12.75 | 16.33 | 14.92 | 17.79 | 15.55 |
| P/OCF Ratio | 16.60 | 12.34 | 15.49 | 14.17 | 16.75 | 14.15 |
| Debt / Equity Ratio | 0.09 | 0.07 | 0.24 | 0.47 | 0.41 | 0.40 |
| Debt / FCF Ratio | 0.52 | 1.75 | 3.73 | 3.39 | 3.10 | |
| Net Debt / Equity Ratio | 0.00 | -0.10 | 0.11 | 0.28 | 0.23 | 0.20 |
| Net Debt / FCF Ratio | -0.70 | 0.80 | 2.20 | 1.91 | 1.55 | |
| Return on Equity (ROE) | 13.13% | 13.87% | 12.68% | 11.45% | 13.61% | 14.31% |
| Return on Assets (ROA) | 1.78% | 1.84% | 1.54% | 1.29% | 1.53% | 1.63% |
| Earnings Yield | 6.24% | 7.36% | 5.47% | 5.92% | 6.48% | 6.91% |
| FCF Yield | 5.57% | 7.85% | 6.12% | 6.70% | 5.62% | 6.43% |
| Dividend Yield | 2.40% | 2.81% | 2.47% | 3.16% | 2.96% | 3.00% |
| Payout Ratio | 49.90% | 38.65% | 45.78% | 54.41% | 46.63% | 46.13% |
| Buyback Yield / Dilution | -7.85% | 0.26% | 0.03% | 0.70% | 0.36% | -0.11% |
| Total Shareholder Return | -5.45% | 3.07% | 2.50% | 3.86% | 3.32% | 2.89% |