PARK NATIONAL CORP /OH/ PRK
Park National Corporation ("Park") is a financial holding company regulated under the Bank Holding Company Act of 1956 (the "Bank Holding Company Act"). Founded as Park National Bank of Ohio, in Newark, Ohio, Park's legacy dates to 1908. As a bank holding company, Park was established in 1987. Park is headquartered at 51 North Third Street, Newark, Ohio 43055, and can be reached at (740) 349-8451. Its common shares trade on NYSE American under the symbol "PRK." Park's internet site http://www.parknationalcorp.com provides access to annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, amendments, and definitive proxy statements filed under the Securities Exchange Act of 1934 (the "Exchange Act"). These documents are available as soon as practicable after Park files them electronically with the SEC. Park's primary business is to own and oversee its subsidiaries, engaged primarily in the business of banking. While Park sets overall policies, including lending and financial strategies, the officers of its subsidiaries handle day-to-day operations.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $664.4M | $645.6M | $564.3M | $514.2M | $345.9M | $357.7M | $360.5M | $310.8M | $286.4M | $276.3M |
| Interest expense | $437.3M | $398.0M | $373.1M | $347.1M | $16.0M | $30.1M | $62.8M | $43.9M | $42.7M | $38.2M |
| Pre-tax income | $221.3M | $184.7M | $153.6M | $180.5M | $188.2M | $154.6M | $124.8M | $131.3M | $118.5M | $122.9M |
| Income tax | $41.2M | $33.3M | $26.9M | $32.1M | $34.3M | $26.7M | $22.1M | $20.9M | $34.2M | $36.8M |
| Net income | $180.1M | $151.4M | $126.7M | $148.4M | $153.9M | $127.9M | $102.7M | $110.4M | $84.2M | $86.1M |
| EPS, basic | 11.18 | 9.38 | 7.84 | 9.13 | 9.45 | 7.85 | 6.33 | 7.13 | 5.51 | 5.62 |
| EPS, diluted | 11.11 | 9.32 | 7.80 | 9.06 | 9.37 | 7.80 | 6.29 | 7.07 | 5.47 | 5.59 |
| Shares, diluted (wtd. avg.) | $16.2M | $16.2M | $16.3M | $16.4M | $16.4M | $16.4M | $16.3M | $15.6M | $15.4M | $15.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $233.5M | $160.6M | $218.3M | $189.7M | $219.2M | $370.5M | $160.0M | $167.2M | $169.1M | $146.4M |
| Short-term investments | $688.7M | $996.6M | $1.33B | $1.73B | $1.75B | $1.06B | — | — | — | — |
| Property, plant and equipment | $61.6M | $69.5M | $74.2M | $82.1M | $89.0M | $88.7M | $73.3M | $59.8M | $55.9M | $58.0M |
| Goodwill | $159.6M | $159.6M | $159.6M | $159.6M | $159.6M | $159.6M | $159.6M | $112.7M | $72.3M | $72.3M |
| Other intangibles | $2.4M | $3.4M | $4.7M | $6.0M | $7.5M | $9.3M | $11.5M | $7.0M | $0 | — |
| Total assets | $9.81B | $9.81B | $9.84B | $9.85B | $9.56B | $9.28B | $8.56B | $7.80B | $7.54B | $7.47B |
| Short-term debt | $81.7M | $280.1M | $517.3M | $416.0M | $238.8M | $342.2M | $230.7M | $222.0M | $391.3M | $394.8M |
| Long-term debt | — | — | — | — | — | $32.5M | $192.5M | $400.0M | $500.0M | $694.3M |
| Total liabilities | $8.45B | $8.56B | $8.69B | $8.79B | $8.45B | $8.24B | $7.59B | $6.97B | $6.78B | $6.73B |
| Retained earnings | $1.07B | $977.6M | $903.9M | $847.2M | $776.3M | $704.8M | $646.8M | $614.1M | $561.9M | $535.6M |
| Total equity | $1.35B | $1.24B | $1.15B | $1.07B | $1.11B | $1.04B | $969.0M | $832.5M | $756.1M | $742.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $198.3M | $178.8M | $151.1M | $136.6M | $157.3M | $111.6M | $111.6M | $132.0M | $86.7M | $87.9M |
| Depreciation and amortisation | $11.2M | $12.2M | $14.0M | $13.8M | -$1.5M | $10.8M | $9.1M | $8.6M | $8.6M | $8.4M |
| Stock-based compensation | $8.6M | $7.7M | $8.0M | $7.2M | $8.0M | $7.3M | $6.3M | $5.1M | $3.9M | $2.8M |
| Capital expenditure | $6.4M | $9.2M | $7.6M | $7.9M | $14.1M | $28.6M | $14.9M | $11.5M | $7.0M | $7.5M |
| Investing cash flow | $86.2M | -$19.1M | $63.5M | -$405.5M | -$412.1M | -$455.9M | $60.1M | $45.4M | -$60.7M | -$152.6M |
| Financing cash flow | -$211.5M | -$217.4M | -$186.1M | $239.4M | $103.5M | $554.8M | -$179.0M | -$179.3M | -$3.4M | $61.7M |
| Buybacks | $20.1M | $0 | $23.0M | $0 | $16.0M | $7.5M | $40.5M | $5.8M | $7.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000805676-26-000017.
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