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Park National Corp. agreed to acquire First Citizens Bancshares. "Park National Bank to Buy First Citizens in $317M Deal," at 5:57 p.m. ET on Oct. 27, incorrectly said Park National Corp.'s subsidiary Park National Bank agreed to buy First Citizens.
Net income rose 23% in Q3 and 22% for the nine months, driven by higher net interest income and lower credit loss provisions. A merger with First Citizens Bancshares was announced, and capital ratios remain strong. Loan and deposit growth continued, while credit quality and efficiency metrics improved.
Original document: Park National Corporation [PRK] SEC 10-Q Quarterly Report — Oct. 27 2025
Q3 2025 net income rose 23.4% year-over-year to $47.2 million, with EPS up to $2.92. A special $1.25 per share dividend was declared. Loan and deposit growth, improved efficiency, and strong capital ratios supported results.
Original document: Park National Corporation [PRK] SEC 8-K Current Report — Oct. 27 2025
By Colin Kellaher
Park National has designated its president, Matthew Miller, to succeed David Trautman as chief executive of the bank holding company, effective Jan. 1, 2026.
Park National on Tuesday said Trautman, who has been CEO since January 2014 and chairman since May 2019, will continue to serve as chairman of the Newark, Ohio, company.
The company said Miller, 47 years old, will retain his title as president, a post he has held since 2019.
Write to Colin Kellaher at colin.kellaher@wsj.com
Net income rose 22% year-over-year for Q2 2025, with strong loan growth, improved efficiency, and stable credit quality. Capital and liquidity remain robust, and management expects only modest impact from future rate changes.
Original document: Park National Corporation [PRK] SEC 10-Q Quarterly Report — Jul. 28 2025
Q2 2025 net income rose 22.2% year-over-year to $48.1M, with EPS at $2.97 and strong loan growth. Return on average assets and equity improved, while efficiency ratio and net interest margin also strengthened.
Original document: Park National Corporation [PRK] SEC 8-K Current Report — Jul. 28 2025
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