Park National Corp is a diversified financial services company based in Newark, Ohio, consisting of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. The company provides the following principal services: the acceptance of deposits for demand, savings and time accounts; commercial, industrial, consumer and real estate lending, including installment loans, credit cards (which are largely offered through a third party), home equity lines of credit and commercial leasing; trust and wealth management services; cash management; safe deposit operations; electronic funds transfers; and a variety of additional banking-related services.
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The chart shows the growth of an initial investment of $10,000 in Park National Corporation, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Park National Corporation (PRK) has returned 8.20% so far this year and 17.69% over the past 12 months. Looking at the last ten years, PRK has achieved an annualized return of 6.28%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Park National Corporation (PRK) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.08% | 0.18% | 0.25% | 0.35% | ||||||||
| 2025 | -2.82% | 0.81% | -9.40% | -0.84% | 7.93% | 2.67% | -3.73% | 6.85% | -4.03% | -5.74% | 1.41% | 0.12% |
| 2024 | -0.29% | -1.89% | 6.11% | -2.85% | 3.83% | 2.33% | 24.72% | -0.97% | -3.66% | 3.40% | 8.90% | -11.06% |
| 2023 | -10.37% | 3.33% | -6.47% | -8.09% | -8.14% | 3.20% | 8.04% | -8.32% | -7.32% | 7.31% | 9.56% | 19.33% |
| 2022 | -0.95% | -0.70% | -2.00% | -10.78% | 5.52% | -1.38% | 7.85% | 0.87% | -5.73% | 17.91% | 2.69% | -6.66% |
| 2021 | 1.54% | 14.50% | 2.34% | -3.42% | -0.29% | -7.55% | -4.16% | 2.97% | 3.54% | 5.30% | 0.88% | 2.84% |
| 2020 | -7.16% | -8.63% | -11.88% | 8.11% | -3.73% | -4.69% | 21.30% | 8.33% | -8.23% | 11.89% | 9.38% | 0.89% |
| 2019 | 10.61% | 6.32% | -6.00% | 2.66% | -3.31% | 4.58% | -5.32% | -4.69% | 5.36% | 6.11% | -0.91% | 1.92% |
| 2018 | 0.50% | -3.50% | 3.23% | 4.49% | 6.07% | -3.73% | -1.40% | 0.58% | -4.15% | -14.07% | 4.22% | -12.16% |
| 2017 | -7.67% | -3.87% | -4.25% | 0.26% | -4.65% | 2.31% | -5.59% | -2.59% | 11.85% | 2.44% | 1.68% | -7.37% |
| 2016 | 2.78% | 2.24% | -1.31% | -1.73% | 6.86% | 0.26% | 1.84% | 14.90% | 6.70% |
The charts below present risk-adjusted performance metrics for Park National Corporation (PRK) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of PRK compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Park National Corporation volatility is 1.30%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 9.81B | 9.84B | 9.85B | 9.56B | 9.28B | 8.56B | 7.80B | 7.54B | 7.47B | 7.31B | 7.00B | 6.64B | 6.64B | 6.97B | 7.30B |
| Equity Attributable To Parent (USD) | 1.24B | 1.15B | 1.07B | 1.11B | 1.04B | 969.01M | 832.51M | 756.10M | 742.24M | 713.36M | 698.60M | 651.75M | 650.37M | 742.36M | 745.82M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 1.24B | 1.15B | 1.07B | 1.11B | 1.04B | 969.01M | 832.51M | 756.10M | 742.24M | 713.36M | 698.60M | 651.75M | 650.37M | 742.36M | 745.82M |
| Long-term Debt (USD) | - | - | - | - | 32.50M | 192.50M | 400.00M | 500.00M | 694.28M | 738.11M | 786.60M | 810.54M | 781.66M | 823.18M | 636.73M |
| Noncurrent Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities (USD) | 8.56B | 8.69B | 8.79B | 8.45B | 8.24B | 7.59B | 6.97B | 6.78B | 6.73B | 6.60B | 6.30B | 5.99B | 5.99B | 6.23B | 6.55B |
| Liabilities (USD) | 8.56B | 8.69B | 8.79B | 8.45B | 8.24B | 7.59B | 6.97B | 6.78B | 6.73B | 6.60B | 6.30B | 5.99B | 5.99B | 6.23B | 6.55B |
| Intangible Assets (USD) | 3.44M | 4.65M | 5.98M | 7.46M | 9.26M | 11.52M | 6.97M | - | - | - | - | - | 337.00K | 2.51M | 6.04M |
| Fixed Assets (USD) | 69.52M | 74.21M | 82.13M | 89.01M | 88.66M | 73.32M | 59.77M | 55.90M | 57.97M | 59.49M | 55.48M | 55.28M | 53.75M | 53.74M | 69.57M |
| Noncurrent Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets (USD) | 9.62B | 9.67B | 9.70B | 9.42B | 9.18B | 8.46B | 7.71B | 7.44B | 7.38B | 7.23B | - | - | - | - | - |
| Prepaid Expenses (USD) | 190.12M | 165.88M | 153.58M | 144.12M | 103.52M | 101.99M | 94.08M | 97.71M | 88.87M | 80.64M | - | - | - | - | - |
| Current Assets (USD) | 9.81B | 9.84B | 9.85B | 9.56B | 9.28B | 8.56B | 7.80B | 7.54B | 7.47B | 7.31B | 7.00B | 6.64B | 6.64B | 6.97B | 7.30B |
| Assets (USD) | 9.81B | 9.84B | 9.85B | 9.56B | 9.28B | 8.56B | 7.80B | 7.54B | 7.47B | 7.31B | 7.00B | 6.64B | 6.64B | 6.97B | 7.30B |
Park National Corporation completed its all-stock merger with First Citizens Bancshares on February 1, 2026. The combined entity now has $12.6 billion in pro forma total assets, $10.5 billion in deposits, and over 100 branches across five states including Tennessee. The merger strengthens Park's market presence and positions the combined organization for growth.
Law firm Monteverde & Associates is investigating the proposed sale of First Citizens Bancshares to Park National Corporation, where shareholders will receive 0.52 shares of Park common stock for each First Citizens share.
Park National Corporation and First Citizens Bancshares signed a definitive merger agreement, where First Citizens will merge into Park. The all-stock transaction values First Citizens at $317.3 million and is expected to create a combined entity with $12.5 billion in total assets, closing in Q1 2026.
NEWARK, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Park National Corporation’s (NYSE American: PRK) (Park) board of directors announced today that they elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park’s banking subsidiary, effective on the same date. These elections expand Park’s board to 16 directors, including one director emeritus.
Although the revenue and EPS for Park National (PRK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Park National (PRK) delivered earnings and revenue surprises of 16.22% and 2.99%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
NEWARK, Ohio, April 19, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the first quarter of 2024. Park's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on June 10, 2024, to common shareholders of record as of May 17, 2024.
Besides Wall Street's top -and-bottom-line estimates for Park National (PRK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
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