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Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas in the United States. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services. It also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; originates financing leases primarily for the purchase of commercial vehicles, operating/manufacturing equipment, and municipal vehicles/equipment; consumer loans, such as automobile, recreational vehicle, and watercraft loans; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. In addition, the company offers aircraft financing services; and ParkDirect, a personal banking application. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $557M | - | $180M | $192M | 13.3% | 7.0% | 18.9% |
| 2024 | $521M | - | $151M | $170M | 12.2% | 11.8% | 19.5% |
| 2023 | $466M | - | $127M | $144M | 11.1% | -3.6% | -14.6% |
| 2022 | $483M | - | $148M | $129M | 13.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 482.99 | 465.75 | 520.61 | 557.19 |
| Operating Revenue | - | 482.99 | 465.75 | 520.61 | 557.19 |
| Selling General And Administration | - | 184.54 | 194.61 | 202.09 | 205.53 |
| Interest Income | - | 378.25 | 471.67 | 522.96 | 544.54 |
| Interest Expense | - | 31.19 | 98.56 | 124.95 | 107.23 |
| Net Interest Income | - | 347.06 | 373.11 | 398.02 | 437.31 |
| Pretax Income | - | 180.46 | 153.60 | 184.72 | 221.32 |
| Tax Provision | - | 32.11 | 26.87 | 33.30 | 41.25 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.43 | -0.18 | -0.36 | -0.19 |
| Net Income Continuous Operations | - | 148.35 | 126.73 | 151.42 | 180.07 |
| Net Income From Continuing And Discontinued Operation | - | 148.35 | 126.73 | 151.42 | 180.07 |
| Net Income From Continuing Operation Net Minority Interest | - | 148.35 | 126.73 | 151.42 | 180.07 |
| Net Income | - | 148.35 | 126.73 | 151.42 | 180.07 |
| Net Income Common Stockholders | - | 148.35 | 126.73 | 151.42 | 180.07 |
| Net Income Including Noncontrolling Interests | - | 148.35 | 126.73 | 151.42 | 180.07 |
| Normalized Income | - | 137.13 | 127.56 | 153.06 | 180.89 |
| Diluted NI Availto Com Stockholders | - | 148.35 | 126.73 | 151.42 | 180.07 |
| Basic Average Shares | - | 16.25 | 16.16 | 16.14 | 16.11 |
| Diluted Average Shares | - | 16.37 | 16.25 | 16.24 | 16.20 |
| Reconciled Depreciation | - | 13.82 | 14.02 | 12.19 | 11.19 |
| Total Unusual Items | - | 13.65 | -1 | -2 | -1 |
| Total Unusual Items Excluding Goodwill | - | 13.65 | -1 | -2 | -1 |
| Special Income Charges | - | -4 | -1 | -2 | -1 |
| Other Special Charges | - | 4 | 1 | 2 | 1 |
| Gain On Sale Of Security | - | 2.96 | -6.90 | 2.55 | 2.41 |
| Depreciation Amortization Depletion Income Statement | - | 1.49 | 1.32 | 1.22 | 1.04 |
| Depreciation And Amortization In Income Statement | - | 1.49 | 1.32 | 1.22 | 1.04 |
| General And Administrative Expense | - | 179.20 | 189.14 | 195.77 | 199.45 |
| Other Gand A | 34.08 | - | - | - | - |
| Salaries And Wages | - | 173.79 | 181.50 | 189.04 | 193.10 |
| Insurance And Claims | - | 5.41 | 7.64 | 6.74 | 6.36 |
| Selling And Marketing Expense | - | 5.34 | 5.47 | 6.32 | 6.07 |
| Amortization | - | 1.49 | 1.32 | 1.22 | 1.04 |
| Amortization Of Intangibles Income Statement | - | 1.49 | 1.32 | 1.22 | 1.04 |
| Occupancy And Equipment | - | 25.77 | 25.35 | 22.80 | 22.14 |
| Professional Expense And Contract Services Expense | - | 30.84 | 29.17 | 31.15 | 31.45 |
| Other Non Interest Expense | - | 51.35 | 57.78 | 62.09 | 63.22 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Park National Corporationthis co. | PRK | $3.1B | 17.38↑ premium | 2.31 | 13.3% | - |
| First Hawaiian, Inc. | FHB | $3.3B | 11.99 | 1.20 | 10.0% | - |
| Assured Guaranty Ltd. | AGO | $3.3B | 6.50 | 0.58 | 8.9% | - |
| Genworth Financial, Inc. | GNW | $3.2B | 14.56 | 0.37 | 2.5% | - |
| First Financial Bancorp. | FFBC | $3.2B |
| - |
| - |
| - |
| - |
| - |
| - |
| 12.54 |
| 1.16 |
| 9.2% |
| - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Bank of Hawaii Corporation | BOH | $3.0B | 14.70 | 2.01 | 13.7% | - |
| CorVel Corporation | CRVL | $3.0B | 27.21 | 7.61 | 28.0% | 15.99 |
| Banc of California, Inc. | BANC | $3.0B | 13.02 | 0.98 | 7.5% | - |
| Peer Median | - | 12.78 | 1.07 | 9.1% | 15.99 | |