Park National Corporation (PRK) 10-Year Financial Performance & Capital Metrics

PRK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutPark 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. 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 for individual customers. 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; consumer loans, such as automobile loans and leases; 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 and asset management services. As of December 31, 2021, it operated 96 financial service offices and a network of 116 automated teller machines in 26 Ohio counties, 1 Kentucky county, 3 North Carolina counties, and 4 South Carolina counties. The company was founded in 1908 and is headquartered in Newark, Ohio.Show more

Net Interest Income $398M +6.7%
Total Revenue $646M +14.4%
Net Income $151M +19.5%
Return on Equity 12.68% +10.7%
Net Interest Margin 4.06% +7.0%
Efficiency Ratio 49.78% -9.2%
ROA 1.54% +19.8%
Equity / Assets 12.69% +8.9%
Book Value per Share 76.57 +8.6%
Tangible BV/Share 65.68 +10.4%
Debt/Equity 0.24 -35.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Strong NIM of 4.1%
✓Efficient operations: 49.8% efficiency ratio
✓Well capitalized: 12.7% equity/assets
✓Healthy dividend yield of 2.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.6%

5Y7.12%

3Y10.71%

TTM-

Profit (Net Income) CAGR

10Y6.07%

5Y8.07%

3Y-0.55%

TTM28.24%

EPS CAGR

10Y5.49%

5Y8.18%

3Y-0.18%

TTM28.52%

ROCE

10Y Avg6.77%

5Y Avg9.37%

3Y Avg7.18%

Latest4.69%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	227.63M	238.09M	243.76M	266.9M	297.74M	327.63M	329.89M	347.06M	373.11M	398.02M
NII Growth %	0.01%	0.05%	0.02%	0.09%	0.12%	0.1%	0.01%	0.05%	0.08%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	265.07M	276.26M	286.42M	310.8M	360.5M	357.72M	345.85M	378.25M	471.67M	522.97M
Interest Expense	37.44M	38.17M	42.66M	43.9M	62.76M	30.09M	15.96M	31.19M	98.56M	124.95M
Loan Loss Provision	4.99M	-38.17M	8.56M	7.95M	6.17M	12.05M	-11.92M	4.56M	2.9M	14.54M
Non-Interest Income+	77.55M	50.93M	86.43M	101.1M	97.19M	125.66M	129.94M	135.94M	92.63M	122.59M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	342.63M	327.19M	372.85M	411.9M	457.69M	483.38M	475.8M	514.18M	564.3M	645.55M
Revenue Growth %	0.01%	-0.05%	0.14%	0.1%	0.11%	0.06%	-0.02%	0.08%	0.1%	0.14%
Non-Interest Expense	186.61M	177.51M	203.16M	228.75M	263.99M	286.6M	283.52M	297.98M	309.24M	321.34M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	113.58M	149.68M	118.47M	131.3M	124.77M	154.65M	188.24M	180.46M	153.6M	184.72M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.06%	0.32%	-0.21%	0.11%	-0.05%	0.24%	0.22%	-0.04%	-0.15%	0.2%
Pretax Income+	113.58M	122.89M	118.47M	131.3M	124.77M	154.65M	188.24M	180.46M	153.6M	184.72M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	32.57M	36.76M	34.23M	20.91M	22.07M	26.72M	34.29M	32.11M	26.87M	33.3M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	81.01M	86.14M	84.24M	110.39M	102.7M	127.92M	153.94M	148.35M	126.73M	151.42M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.04%	0.06%	-0.02%	0.31%	-0.07%	0.25%	0.2%	-0.04%	-0.15%	0.19%
Net Income (Continuing)	81.01M	86.14M	84.24M	110.39M	102.7M	127.92M	153.94M	148.35M	126.73M	151.42M
EPS (Diluted)+	5.26	5.59	5.47	7.07	6.29	7.80	9.37	9.07	7.80	9.32
EPS Growth %	-0.04%	0.06%	-0.02%	0.29%	-0.11%	0.24%	0.2%	-0.03%	-0.14%	0.19%
EPS (Basic)	5.27	5.62	5.51	7.13	6.33	7.85	9.45	9.13	7.84	9.38
Diluted Shares Outstanding	15.4M	15.4M	15.39M	15.61M	16.33M	16.41M	16.43M	16.36M	16.25M	16.25M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	149.46M	146.45M	169.11M	167.21M	159.96M	370.47M	219.18M	189.73M	218.27M	160.57M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.13B	2.89B	2.66B	2.48B	7.75B	8.25B	8.64B	8.92B	2.82B	8.84B
Investments Growth %	0.12%	-0.08%	-0.08%	-0.07%	2.12%	0.06%	0.05%	0.03%	-0.68%	2.13%
Long-Term Investments	1.7B	1.63B	1.56B	1.48B	6.54B	7.19B	6.89B	7.18B	1.49B	7.85B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	72.33M	72.33M	72.33M	112.74M	159.59M	159.59M	159.59M	159.59M	159.59M	159.59M
Intangible Assets	9.01M	9.27M	9.69M	17.15M	21.59M	21.47M	22.73M	21.77M	19.31M	17.36M
PP&E (Net)	59.49M	57.97M	55.9M	59.77M	87.04M	107.63M	104.89M	100.99M	92.23M	86.93M
Other Assets	3.6B	3.89B	4.07B	4.47B	226.69M	218.46M	224.28M	256.36M	6.29B	281.66M
Total Current Assets	1.61B	1.43B	1.29B	1.2B	1.53B	1.58B	2.16B	2.13B	1.78B	1.41B
Total Non-Current Assets	5.5B	5.72B	5.83B	6.2B	7.03B	7.7B	7.4B	7.72B	8.06B	8.39B
Total Assets+	7.31B	7.47B	7.54B	7.8B	8.56B	9.28B	9.56B	9.85B	9.84B	9.81B
Asset Growth %	0.04%	0.02%	0.01%	0.04%	0.1%	0.08%	0.03%	0.03%	-0%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%
Accounts Payable	2.34M	2.15M	2.28M	2.63M	2.93M	3.86M	3.12M	3.49M	6.86M	7.86M
Total Debt+	1.18B	1.13B	906.29M	636.97M	452.64M	578.56M	441.33M	435.3M	425.75M	296.59M
Net Debt	1.03B	987.63M	737.18M	469.75M	292.68M	208.08M	222.16M	245.57M	207.48M	136.02M
Long-Term Debt	783.11M	395M	365M	315M	207.5M	220.27M	188.21M	188.67M	189.15M	189.65M
Short-Term Debt	394.24M	185M	541.29M	321.97M	230.66M	342.23M	238.79M	227.34M	220M	90.43M
Other Liabilities	5.81B	6.33B	6.42B	6.66B	81.19M	83.99M	100.52M	112.27M	4.86B	113.53M
Total Current Liabilities	0	0	0	0	7.29B	7.92B	8.15B	8.47B	3.52B	8.24B
Total Non-Current Liabilities	6.6B	6.73B	6.78B	6.97B	303.17M	320.32M	303.06M	320.22M	5.07B	319.69M
Total Liabilities	6.6B	6.73B	6.78B	6.97B	7.59B	8.24B	8.45B	8.79B	8.69B	8.56B
Total Equity+	713.36M	742.24M	756.1M	832.51M	969.01M	1.04B	1.11B	1.07B	1.15B	1.24B
Equity Growth %	0.02%	0.04%	0.02%	0.1%	0.16%	0.07%	0.07%	-0.04%	0.07%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.12%	0.11%	0.14%	0.11%	0.13%	0.14%	0.14%	0.11%	0.13%
Book Value per Share	46.31	48.18	49.13	53.33	59.34	63.40	67.63	65.34	70.48	76.57
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	303.97M	305.83M	307.73M	358.6M	459.39M	460.69M	461.8M	462.4M	463.28M	463.71M
Additional Paid-in Capital	303.97M	305.83M	307.73M	358.6M	0	0	0	0	0	0
Retained Earnings	507.5M	535.63M	561.91M	614.07M	646.85M	704.76M	776.29M	847.24M	903.88M	977.6M
Accumulated OCI	-15.64M	-17.75M	-26.45M	-49.79M	-9.59M	5.57M	15.15M	-102.39M	-66.19M	-46.17M
Treasury Stock	-82.47M	-81.47M	-87.08M	-90.37M	-127.63M	-130.77M	-142.49M	-138.02M	-155.67M	-151.28M
Preferred Stock	0	0	454K	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	88.7M	87.89M	87.99M	132.95M	111.63M	111.65M	157.33M	134.86M	150.5M	178.85M
Operating CF Growth %	-0.28%	-0.01%	0%	0.51%	-0.16%	0%	0.41%	-0.14%	0.12%	0.19%
Net Income	81.01M	86.14M	84.24M	110.39M	102.7M	127.92M	153.94M	148.35M	126.73M	151.42M
Depreciation & Amortization	7.35M	8.4M	8.64M	8.59M	9.12M	10.81M	13.27M	13.82M	14.02M	12.19M
Deferred Taxes	-250K	581K	3.29M	538K	-844K	-4.53M	-3.13M	611K	-703K	-409K
Other Non-Cash Items	8.57M	6.04M	5.06M	-4.62M	-9.06M	-23.86M	-16.82M	-16.41M	7.29M	-3.48M
Working Capital Changes	-9.8M	-16.08M	-17.19M	13M	3.39M	-5.98M	2.05M	-18.7M	-4.84M	11.45M
Cash from Investing+	-395.47M	-152.56M	-61.97M	44.29M	60.08M	-455.9M	-412.14M	-403.7M	64.16M	-19.15M
Purchase of Investments	-511.16M	-738.58M	-150.2M	-383.1M	-6.14M	-364.46M	-964.71M	-336.8M	-6.18M	-24.97M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-246.98M	-199.49M	-119.34M	12.27M	-4.83M	-615.8M	315.9M	0	0	0
Other Investing	13.35M	9.75M	3.96M	-26.12M	-208.07M	14.98M	15.03M	-245.42M	-353.73M	-328.73M
Cash from Financing+	218.53M	61.66M	-3.35M	-179.14M	-178.96M	554.77M	103.52M	239.38M	-186.12M	-217.4M
Dividends Paid	-57.78M	-57.65M	-57.49M	-63.01M	-69.11M	-70.35M	-74.31M	-76.6M	-68.95M	-77.5M
Share Repurchases	-6.06M	0	-7.38M	-5.78M	-40.53M	-7.51M	-16.05M	-2.76M	-23.02M	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	220.17M	174.31M	295.02M	159.18M	158.87M	519.97M	332.22M	330.19M	-192.15M	97.84M
Net Change in Cash+	-88.24M	-3.01M	22.67M	-1.9M	-7.26M	210.52M	-151.29M	-29.45M	28.54M	-57.7M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	237.7M	149.46M	146.45M	169.11M	167.21M	159.96M	370.47M	219.18M	189.73M	218.27M
Cash at End	149.46M	146.45M	169.11M	167.21M	159.96M	370.47M	219.18M	189.73M	218.27M	160.57M
Interest Paid	37.66M	38.36M	42.54M	43.6M	63.04M	29.16M	16.7M	30.82M	95.18M	123.95M
Income Taxes Paid	26.14M	27.26M	26.19M	7.34M	15.19M	24.26M	25.5M	24.67M	17.2M	23.26M
Free Cash Flow+	77.34M	80.42M	80.97M	121.42M	96.74M	83.01M	143.24M	126.92M	142.91M	169.66M
FCF Growth %	-0.33%	0.04%	0.01%	0.5%	-0.2%	-0.14%	0.73%	-0.11%	0.13%	0.19%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.48%	11.83%	11.24%	13.9%	11.4%	12.73%	14.31%	13.61%	11.45%	12.68%
Return on Assets (ROA)	1.13%	1.17%	1.12%	1.44%	1.26%	1.43%	1.63%	1.53%	1.29%	1.54%
Net Interest Margin	3.11%	3.19%	3.23%	3.42%	3.48%	3.53%	3.45%	3.52%	3.79%	4.06%
Efficiency Ratio	54.47%	54.25%	54.49%	55.54%	57.68%	59.29%	59.59%	57.95%	54.8%	49.78%
Equity / Assets	9.76%	9.94%	10.03%	10.67%	11.32%	11.21%	11.62%	10.85%	11.64%	12.69%
Book Value / Share	46.31	48.18	49.13	53.33	59.34	63.4	67.63	65.34	70.48	76.57
NII Growth	1.15%	4.59%	2.38%	9.49%	11.55%	10.04%	0.69%	5.2%	7.51%	6.68%
Dividend Payout	71.32%	66.93%	68.25%	57.08%	67.3%	55%	48.27%	51.64%	54.41%	51.18%

Revenue by Segment

	2018	2019	2020	2021	2022	2024
Fiduciary and Trust	26.29M	27.77M	28.87M	34.45M	34.09M	42.49M
Fiduciary and Trust Growth	-	5.61%	3.98%	19.31%	-1.04%	24.63%
Bank Servicing	-	-	-	-	-	11.74M
Bank Servicing Growth	-	-	-	-	-	-
Deposit Account	11.46M	10.84M	8.45M	8.83M	10.09M	9M
Deposit Account Growth	-	-5.46%	-22.06%	4.58%	14.25%	-10.80%
Debit Card	17.32M	-	-	-	-	-
Debit Card Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Park National Corporation (PRK) has a price-to-earnings (P/E) ratio of 17.6x. This is roughly in line with market averages.

Growth & Financials

Park National Corporation (PRK) grew revenue by 14.4% over the past year. This is steady growth.

Yes, Park National Corporation (PRK) is profitable, generating $176.1M in net income for fiscal year 2024 (23.5% net margin).

Dividend & Returns

Yes, Park National Corporation (PRK) pays a dividend with a yield of 2.91%. This makes it attractive for income-focused investors.

Park National Corporation (PRK) has a return on equity (ROE) of 12.7%. This is reasonable for most industries.

Industry Metrics

Park National Corporation (PRK) has a net interest margin (NIM) of 4.1%. This indicates healthy earnings from lending activities.

Park National Corporation (PRK) has an efficiency ratio of 49.8%. This is excellent, indicating strong cost control.

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