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Park National (PRK) Financials

Park National logo
$159.43 -2.57 (-1.59%)
Closing price 04:00 PM Eastern
Extended Trading
$159.50 +0.07 (+0.04%)
As of 04:04 PM Eastern
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Annual Income Statements for Park National

Annual Income Statements for Park National

This table shows Park National's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 81 86 73 110 103 128 148 127 151
Consolidated Net Income / (Loss)		 81 86 84 97 103 128 148 127 151
Net Income / (Loss) Continuing Operations		 81 86 73 97 103 128 148 127 151
Total Pre-Tax Income 		114 123 118 131 125 155 180 154 185
Total Revenue		 305 322 319 354 395 445 471 458 505
Net Interest Income / (Expense)		 228 238 244 267 298 328 347 373 398
Total Interest Income		 265 276 286 311 361 358 378 472 523
Loans and Leases Interest Income		 228 242 249 271 321 329 323 400 468
Investment Securities Interest Income		 36 33 35 38 35 28 47 64 47
Other Interest Income		 0.89 1.02 3.09 1.41 3.95 0.74 8.13 8.12 8.12
Total Interest Expense		 37 38 43 44 63 30 31 99 125
Deposits Interest Expense		 12 13 19 32 51 21 21 84 112
Short-Term Borrowings Interest Expense		 0.47 0.46 0.99 1.60 2.48 1.11 1.40 4.72 3.14
Long-Term Debt Interest Expense		 25 24 23 10 9.45 7.65 8.83 9.38 9.43
Total Non-Interest Income		 78 84 86 101 97 126 136 93 123
Other Service Charges		 51 14 23 26 9.08 106 97 87 97
Net Realized & Unrealized Capital Gains on Investments		 2.45 1.32 3.28 9.41 4.48 6.68 8.57 -6.91 2.60
Other Non-Interest Income		 4.19 69 60 59 84 4.89 18 5.40 7.80
Provision for Credit Losses		 4.99 -5.10 8.56 7.95 6.17 12 4.56 2.90 15
Total Non-Interest Expense		 187 204 203 229 264 287 298 309 321
Salaries and Employee Benefits		 107 111 117 134 156 165 174 182 189
Net Occupancy & Equipment Expense		 27 30 33 36 41 44 58 63 63
Marketing Expense		 3.98 4.52 4.37 5.14 5.75 5.83 5.34 5.47 6.32
Other Operating Expenses		 49 59 49 53 57 61 47 50 46
Amortization Expense		 - 0.00 0.00 0.58 2.36 2.26 1.49 1.32 1.22
Income Tax Expense		 33 37 34 21 22 27 32 27 33
Basic Earnings per Share		 $5.27 $5.62 $5.51 $7.13 $6.33 $7.85 $9.13 $7.84 $9.38
Weighted Average Basic Shares Outstanding		 15.36M 15.33M 15.30M 15.61M 16.27M 16.31M 16.26M 16.12M 16.16M
Diluted Earnings per Share		 $5.26 $5.59 $5.47 $7.07 $6.29 $7.80 $9.06 $7.80 $9.32
Weighted Average Diluted Shares Outstanding		 15.36M 15.33M 15.30M 15.61M 16.27M 16.31M 16.26M 16.12M 16.16M
Weighted Average Basic & Diluted Shares Outstanding		 15.36M 15.33M 15.30M 15.61M 16.27M 16.31M 16.26M 16.12M 16.16M
Cash Dividends to Common per Share		 $3.76 $3.76 $3.76 $4.07 $4.24 $4.28 $4.66 $4.20 $4.74

Quarterly Income Statements for Park National

This table shows Park National's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 42 33 30 32 37 28 31 39 38 43 42
Consolidated Net Income / (Loss)		 42 33 34 32 37 25 35 39 38 39 42
Net Income / (Loss) Continuing Operations		 42 33 30 32 37 28 31 39 38 43 42
Total Pre-Tax Income 		51 40 40 38 46 30 42 48 47 47 51
Total Revenue		 138 109 113 117 122 107 118 127 138 123 130
Net Interest Income / (Expense)		 91 95 92 92 94 95 96 98 101 103 104
Total Interest Income		 100 109 111 115 121 125 127 129 134 134 132
Loans and Leases Interest Income		 84 89 92 96 103 108 111 115 120 121 121
Investment Securities Interest Income		 13 15 16 16 16 15 13 12 12 9.99 8.40
Other Interest Income		 3.18 4.54 3.40 1.91 1.41 1.41 2.12 1.25 2.00 2.75 3.15
Total Interest Expense		 9.12 14 19 23 27 30 31 31 33 30 28
Deposits Interest Expense		 6.58 11 16 20 23 26 27 28 30 27 25
Short-Term Borrowings Interest Expense		 0.31 0.66 0.82 0.73 1.14 2.03 1.46 0.81 0.49 0.37 0.29
Long-Term Debt Interest Expense		 2.23 2.28 2.32 2.34 2.36 2.37 2.36 2.36 2.37 2.34 2.33
Total Non-Interest Income		 47 26 24 25 28 16 26 29 37 31 26
Other Service Charges		 4.26 65 1.71 22 11 52 1.43 11 11 73 8.99
Net Realized & Unrealized Capital Gains on Investments		 5.67 -0.17 -0.41 0.03 1.00 -7.52 -0.57 0.36 7.34 -4.54 -1.09
Other Non-Interest Income		 37 -50 19 3.23 15 -32 21 17 18 -49 18
Provision for Credit Losses		 3.19 2.98 0.18 2.49 -1.58 1.81 2.18 3.11 5.32 3.94 0.76
Total Non-Interest Expense		 83 78 77 76 78 79 77 75 86 83 78
Salaries and Employee Benefits		 48 44 46 44 45 46 47 46 49 47 47
Net Occupancy & Equipment Expense		 15 16 15 16 16 16 15 15 18 16 16
Marketing Expense		 1.60 1.40 1.32 1.24 1.20 1.72 1.74 1.16 1.46 1.95 1.53
Other Operating Expenses		 15 8.26 14 14 15 7.37 13 13 17 2.46 13
Amortization Expense		 0.34 0.34 0.33 0.33 0.33 0.33 0.32 0.32 0.29 0.29 0.27
Income Tax Expense		 9.36 7.28 6.17 6.63 8.84 5.24 7.21 8.96 8.43 8.70 9.05
Basic Earnings per Share		 $2.59 $2.03 $2.08 $1.95 $2.29 $1.52 $2.18 $2.44 $2.37 $2.39 $2.61
Weighted Average Basic Shares Outstanding		 16.25M 16.26M 16.24M 16.17M 16.13M 16.12M 16.12M 16.15M 16.15M 16.16M 16.16M
Diluted Earnings per Share		 $2.57 $2.01 $2.07 $1.94 $2.28 $1.51 $2.17 $2.42 $2.35 $2.38 $2.60
Weighted Average Diluted Shares Outstanding		 16.37M 16.26M 16.32M 16.24M 16.22M 16.12M 16.19M 16.24M 16.26M 16.16M 16.24M
Weighted Average Basic & Diluted Shares Outstanding		 16.26M 16.26M 16.18M 16.15M 16.12M 16.12M 16.15M 16.15M 16.16M 16.16M 16.19M
Cash Dividends to Common per Share		 $1.04 - $1.05 $1.05 $1.05 - $1.06 $1.06 $1.06 - $1.07

Annual Cash Flow Statements for Park National

This table details how cash moves in and out of Park National's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2018 2019 2020 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2018 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -88 -3.01 -1.90 -7.26 211 -6.86 29 -58
Net Cash From Operating Activities		 89 88 132 112 112 137 151 179
Net Cash From Continuing Operating Activities		 90 -277 132 121 -588 159 151 176
Net Income / (Loss) Continuing Operations		 81 0.00 110 103 128 148 127 151
Consolidated Net Income / (Loss)		 81 - 110 103 128 148 127 151
Provision For Loan Losses		 - -5.10 7.95 6.17 12 4.56 2.90 15
Depreciation Expense		 7.35 8.40 8.59 9.12 11 14 14 12
Amortization Expense		 1.56 8.44 2.43 1.56 -13 -0.68 3.30 0.84
Non-Cash Adjustments to Reconcile Net Income		 -1.26 -284 -14 -13 -27 -8.40 7.73 -12
Changes in Operating Assets and Liabilities, net		 0.92 -5.04 16 14 -698 1.59 -3.46 8.43
Net Cash From Investing Activities		 -395 -153 45 60 -456 -405 64 -19
Net Cash From Continuing Investing Activities		 307 -153 45 60 -456 -406 62 -17
Purchase of Property, Leasehold Improvements and Equipment		 -11 -7.47 -12 -15 -29 -7.94 -7.59 -9.18
Purchase of Investment Securities		 -64 -938 -440 -231 -985 -618 -377 -374
Sale and/or Maturity of Investments		 365 793 496 305 551 220 447 376
Other Investing Activities, net		 17 - 1.15 0.39 2.12 - - -9.30
Net Cash From Financing Activities		 218 62 -179 -179 555 239 -186 -217
Net Cash From Continuing Financing Activities		 218 62 -179 -179 1,254 239 -186 -217
Net Change in Deposits		 - 174 160 160 1,230 330 -192 101
Repayment of Debt		 -80 -56 -320 -278 -69 - 101 -238
Repurchase of Common Equity		 - - -5.78 -41 -7.51 0.00 -23 0.00
Payment of Dividends		 -58 -58 -63 -69 -70 -77 -69 -77
Other Financing Activities, Net		 214 0.00 -0.61 -0.83 -1.00 -2.76 -2.84 -3.12
Cash Interest Paid		 - 38 44 63 29 31 95 124
Cash Income Taxes Paid		 26 27 7.35 15 24 25 17 23

Quarterly Cash Flow Statements for Park National

This table details how cash moves in and out of Park National's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -119 232 4.73 -95 -81 199 16 -123 -136 185 77
Net Cash From Operating Activities		 33 47 24 33 40 54 35 51 44 49 38
Net Cash From Continuing Operating Activities		 -47 296 -43 -30 -34 258 -37 -28 -32 273 38
Net Income / (Loss) Continuing Operations		 -42 264 -34 -32 -37 229 -35 -39 -38 264 42
Consolidated Net Income / (Loss)		 -42 264 -34 -32 -37 229 -35 -39 -38 264 42
Provision For Loan Losses		 3.19 2.98 0.18 2.49 -1.58 1.81 2.18 3.11 5.32 3.94 0.76
Depreciation Expense		 3.24 3.88 3.62 3.77 3.25 3.38 3.09 3.07 2.96 3.08 2.91
Amortization Expense		 0.14 0.66 0.75 0.77 1.31 0.47 0.53 0.20 0.23 -0.12 0.33
Non-Cash Adjustments to Reconcile Net Income		 -10 1.46 1.64 -1.03 -0.56 7.67 0.69 -2.79 -8.48 -1.02 2.23
Changes in Operating Assets and Liabilities, net		 -1.32 24 -16 -4.32 0.35 16 -7.83 7.62 6.15 2.49 -11
Net Cash From Investing Activities		 -85 -2.32 79 -81 -119 185 32 -73 -12 33 11
Net Cash From Continuing Investing Activities		 -85 -2.20 79 -81 -119 184 32 -72 -12 36 11
Purchase of Property, Leasehold Improvements and Equipment		 -2.84 -1.36 -2.67 -1.37 -1.81 -1.73 -3.14 -1.86 -2.09 -2.09 -1.08
Purchase of Investment Securities		 -153 -40 44 -118 -157 -146 -59 -155 -80 -79 -99
Sale and/or Maturity of Investments		 71 39 37 38 40 331 93 85 70 126 116
Other Investing Activities, net		 - - - - - - - - - - -4.77
Net Cash From Financing Activities		 13 -62 -31 16 73 -244 21 -23 -92 -123 28
Net Cash From Continuing Financing Activities		 13 -62 -31 16 73 -244 21 -23 -92 -123 28
Net Change in Deposits		 12 -75 60 65 -114 -202 263 6.47 -98 -71 58
Repayment of Debt		 - - -55 -28 - - -222 -11 - - -9.46
Payment of Dividends		 -17 -25 -17 -18 -17 -17 -17 -18 -17 -25 -18
Other Financing Activities, Net		 -0.31 - -2.61 -0.24 - - -2.98 - -0.14 - -2.95
Cash Interest Paid		 11 12 21 21 27 27 32 28 35 29 30

Annual Balance Sheets for Park National

This table presents Park National's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2023 12/31/2024
Total Assets		 7,311 7,468 7,538 7,804 8,558 9,279 9,560 9,836 9,805
Cash and Due from Banks		 119 123 132 142 136 156 145 160 122
Trading Account Securities		 1,644 1,580 1,513 1,428 1,280 1,125 1,815 1,429 1,101
Loans and Leases, Net of Allowance		 5,012 5,221 5,322 5,641 6,445 7,092 6,788 0.00 0.00
Accrued Investment Income		 19 19 22 23 24 25 23 39 36
Premises and Equipment, Net		 59 58 56 60 73 89 89 74 70
Goodwill		 72 72 72 113 160 160 160 160 160
Intangible Assets		 51 53 50 50 65 65 66 67 70
Other Assets		 335 342 370 341 377 568 474 7,906 8,247
Total Liabilities & Shareholders' Equity		 7,311 7,468 7,538 7,804 8,558 9,279 9,560 9,836 9,805
Total Liabilities		 6,598 6,725 6,782 6,972 7,589 8,239 8,449 8,691 8,562
Non-Interest Bearing Deposits		 1,404 1,523 1,634 1,805 1,960 2,727 3,066 2,628 2,613
Interest Bearing Deposits		 3,944 3,999 4,183 4,456 5,093 4,845 4,838 5,414 5,531
Short-Term Debt		 394 395 391 222 231 342 239 328 90
Accrued Interest Payable		 2.34 2.15 2.28 2.63 2.93 3.86 3.12 6.86 7.86
Long-Term Debt		 783 739 515 415 208 220 188 189 190
Other Long-Term Liabilities		 71 67 56 71 96 100 115 124 130
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 713 742 756 833 969 1,040 1,111 1,145 1,244
Total Preferred & Common Equity		 713 742 756 833 969 1,040 1,111 1,145 1,244
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 713 742 756 833 969 1,040 1,111 1,145 1,244
Common Stock		 304 306 308 359 459 461 462 463 464
Retained Earnings		 508 536 562 614 647 705 776 904 978
Treasury Stock		 -82 -81 -87 -90 -128 -131 -142 -156 -151
Accumulated Other Comprehensive Income / (Loss)		 -16 -18 -26 -50 -9.59 5.57 15 -66 -46

Quarterly Balance Sheets for Park National

This table presents Park National's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 9,855 9,857 9,900 10,001 9,881 9,920 9,903 9,887
Cash and Due from Banks		 149 146 160 140 112 143 147 155
Trading Account Securities		 1,828 1,800 1,757 1,709 1,340 1,265 1,233 1,042
Loans and Leases, Net of Allowance		 0.00 0.00 7,121 7,265 7,440 7,578 7,644 7,796
Premises and Equipment, Net		 85 81 79 77 74 72 71 66
Goodwill		 160 160 160 160 160 160 160 160
Intangible Assets		 69 65 57 65 65 72 71 67
Other Assets		 7,564 7,605 524 538 691 630 577 601
Total Liabilities & Shareholders' Equity		 9,855 9,857 9,900 10,001 9,881 9,920 9,903 9,887
Total Liabilities		 8,819 8,775 8,811 8,915 8,719 8,737 8,664 8,608
Non-Interest Bearing Deposits		 3,138 2,922 2,796 2,733 2,587 2,542 2,517 2,638
Interest Bearing Deposits		 5,172 5,372 5,563 5,512 5,719 5,770 5,698 5,564
Short-Term Debt		 189 172 144 353 106 94 117 81
Accrued Interest Payable		 1.30 1.66 4.05 3.28 5.49 8.81 6.35 5.82
Long-Term Debt		 189 189 189 189 189 189 190 190
Other Long-Term Liabilities		 130 118 115 126 112 131 136 117
Total Equity & Noncontrolling Interests		 1,036 1,082 1,089 1,086 1,162 1,183 1,239 1,279
Total Preferred & Common Equity		 1,036 1,082 1,089 1,086 1,162 1,183 1,239 1,279
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,036 1,082 1,089 1,086 1,162 1,183 1,239 1,279
Common Stock		 461 459 461 462 460 461 462 460
Retained Earnings		 839 863 877 897 921 943 964 1,002
Treasury Stock		 -139 -150 -152 -157 -152 -152 -152 -148
Accumulated Other Comprehensive Income / (Loss)		 -125 -90 -97 -116 -66 -68 -35 -35

Annual Metrics And Ratios for Park National

This table displays calculated financial ratios and metrics derived from Park National's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 1.53% 5.55% -1.09% 11.22% 11.45% 12.76% 3.25% 0.00% -2.70% 10.26%
EBITDA Growth		 -10.36% 14.09% -23.51% 20.39% 5.27% 6.55% 28.75% -2.32% -10.00% 11.63%
EBIT Growth		 -5.68% 8.20% -13.03% 10.08% 6.04% 17.57% 28.32% -10.56% -13.26% 15.94%
NOPAT Growth		 -3.51% 6.32% -2.20% 31.04% -6.96% 24.56% 20.34% -3.63% -14.57% 19.48%
Net Income Growth		 -3.51% 6.32% -2.20% 14.84% 6.15% 24.56% 20.34% 0.00% -14.57% 19.48%
EPS Growth		 -3.49% 6.27% -2.15% 29.25% -11.03% 24.01% 20.13% 0.00% -13.91% 19.49%
Operating Cash Flow Growth		 24.38% -1.51% 0.00% 0.00% -15.43% 0.02% 40.92% 0.00% 10.61% 18.34%
Free Cash Flow Firm Growth		 -100.09% 2,301.03% 196.62% 1.72% -45.60% -141.01% 423.57% 670.09% -191.09% 118.89%
Invested Capital Growth		 4.74% -0.76% -11.40% -11.60% -4.24% 13.90% -4.06% -100.00% 0.00% -8.34%
Revenue Q/Q Growth		 0.01% 4.03% -4.35% 5.35% 4.01% 7.49% -3.18% 0.00% 0.00% 3.33%
EBITDA Q/Q Growth		 -11.56% 15.27% -9.96% 14.50% 3.11% 10.77% 4.54% 0.00% 807.53% 5.24%
EBIT Q/Q Growth		 -4.97% -0.39% -5.87% 4.70% 8.86% 31.98% -9.34% 0.00% 0.00% 6.26%
NOPAT Q/Q Growth		 -4.04% -1.02% 3.47% 3.21% -2.21% 19.94% -5.32% 0.00% 0.00% 10.29%
Net Income Q/Q Growth		 -4.04% -1.02% 3.47% -9.55% 12.38% 19.94% -5.32% 0.00% 0.00% 10.29%
EPS Q/Q Growth		 -3.84% -1.06% 3.40% 2.61% -3.23% 20.18% -5.45% 0.00% 0.00% 10.30%
Operating Cash Flow Q/Q Growth		 7.80% -5.71% 0.00% 0.00% 2.42% 23.93% -8.44% 0.00% 5.97% -2.13%
Free Cash Flow Firm Q/Q Growth		 -103.40% -4.93% 1,245.64% -41.59% 203.00% 31.62% -33.79% 2,067.96% -620.54% 32.90%
Invested Capital Q/Q Growth		 6.48% 6.79% -8.47% 4.67% -3.25% -3.45% 3.07% -100.00% 2.17% -1.45%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 40.13% 43.38% 33.55% 36.31% 34.30% 32.41% 40.41% 38.54% 35.65% 36.09%
EBIT Margin		 37.22% 38.15% 33.55% 33.20% 31.59% 32.94% 40.94% 35.75% 31.87% 33.51%
Profit (Net Income) Margin		 26.55% 26.74% 26.44% 27.30% 26.00% 28.72% 33.48% 31.50% 27.66% 29.97%
Tax Burden Percent		 71.33% 70.09% 71.11% 73.68% 82.31% 82.72% 81.78% 82.21% 82.51% 81.97%
Interest Burden Percent		 100.00% 100.00% 110.84% 111.59% 100.00% 105.42% 100.00% 107.19% 105.19% 109.10%
Effective Tax Rate		 28.67% 29.91% 28.89% 15.93% 17.69% 17.28% 18.22% 17.79% 17.49% 18.03%
Return on Invested Capital (ROIC)		 4.38% 4.57% 4.76% 7.05% 7.14% 8.50% 9.80% 19.29% 15.25% 9.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.38% 4.57% 4.76% 5.28% 7.14% 8.50% 9.80% 19.29% 15.25% 9.50%
Return on Net Nonoperating Assets (RNNOA)		 7.11% 7.26% 6.48% 5.13% 4.26% 4.23% 4.51% 7.42% 6.89% 3.17%
Return on Equity (ROE)		 11.49% 11.84% 11.24% 12.18% 11.40% 12.73% 14.31% 26.71% 22.13% 12.68%
Cash Return on Invested Capital (CROIC)		 -0.25% 5.34% 16.85% 19.37% 11.47% -4.50% 13.94% 219.29% -184.75% 18.21%
Operating Return on Assets (OROA)		 1.59% 1.66% 1.42% 1.53% 1.53% 1.64% 2.00% 3.52% 2.97% 1.72%
Return on Assets (ROA)		 1.13% 1.17% 1.12% 1.26% 1.26% 1.43% 1.63% 3.10% 2.58% 1.54%
Return on Common Equity (ROCE)		 11.49% 11.84% 11.24% 12.18% 11.40% 12.73% 14.31% 26.71% 22.13% 12.68%
Return on Equity Simple (ROE_SIMPLE)		 11.36% 11.60% 11.14% 11.62% 10.60% 12.30% 13.86% 0.00% 11.07% 12.17%
Net Operating Profit after Tax (NOPAT)		 81 86 84 110 103 128 154 148 127 151
NOPAT Margin		 26.55% 26.74% 26.44% 31.15% 26.00% 28.72% 33.48% 31.50% 27.66% 29.97%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 1.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 45.22% 45.12% 48.42% 49.40% 51.32% 48.33% 49.52% 50.44% 54.55% 51.21%
Operating Expenses to Revenue		 61.15% 63.43% 63.77% 64.55% 66.84% 64.35% 61.66% 63.28% 67.49% 63.61%
Earnings before Interest and Taxes (EBIT)		 114 123 107 118 125 147 188 168 146 169
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 122 140 107 129 135 144 186 181 163 182
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.39 1.84 1.62 1.28 1.44 1.45 1.87 0.00 1.80 2.21
Price to Tangible Book Value (P/TBV)		 1.68 2.21 1.93 1.60 1.88 1.84 2.34 0.00 2.25 2.71
Price to Revenue (P/Rev)		 3.25 4.23 3.84 3.01 3.54 3.38 4.51 4.51 4.51 5.45
Price to Earnings (P/E)		 12.23 15.83 16.85 9.67 13.63 11.75 13.46 14.33 16.29 18.18
Dividend Yield		 5.83% 4.23% 4.69% 4.57% 4.72% 4.43% 3.23% 3.18% 3.28% 2.78%
Earnings Yield		 8.18% 6.32% 5.93% 10.34% 7.34% 8.51% 7.43% 6.98% 6.14% 5.50%
Enterprise Value to Invested Capital (EV/IC)		 1.08 1.27 1.20 1.06 1.21 1.19 1.53 0.00 1.46 1.91
Enterprise Value to Revenue (EV/Rev)		 6.71 7.37 6.27 4.41 4.31 4.29 5.12 4.51 5.28 5.76
Enterprise Value to EBITDA (EV/EBITDA)		 16.72 16.99 18.70 12.15 12.57 13.24 12.67 11.71 14.82 15.96
Enterprise Value to EBIT (EV/EBIT)		 18.04 19.32 18.70 13.28 13.65 13.02 12.51 12.63 16.58 17.19
Enterprise Value to NOPAT (EV/NOPAT)		 25.29 27.57 23.73 14.16 16.58 14.93 15.29 14.33 19.10 19.22
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.96 27.02 0.00 11.84 15.25 17.11 14.96 15.56 16.02 16.27
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 23.62 6.70 5.15 10.32 0.00 10.75 1.26 0.00 10.03
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.65 1.53 1.20 0.77 0.45 0.54 0.38 0.00 0.45 0.23
Long-Term Debt to Equity		 1.10 1.00 0.68 0.50 0.21 0.21 0.17 0.00 0.17 0.15
Financial Leverage		 1.62 1.59 1.36 0.97 0.60 0.50 0.46 0.38 0.45 0.33
Leverage Ratio		 10.15 10.15 10.01 9.66 9.08 8.88 8.76 8.61 8.59 8.22
Compound Leverage Factor		 10.15 10.15 11.10 10.78 9.08 9.36 8.76 9.23 9.03 8.97
Debt to Total Capital		 62.27% 60.44% 54.52% 43.35% 31.14% 35.10% 27.77% 0.00% 31.12% 18.38%
Short-Term Debt to Total Capital		 20.85% 21.04% 23.54% 15.11% 16.39% 21.35% 15.53% 0.00% 19.74% 5.93%
Long-Term Debt to Total Capital		 41.42% 39.40% 30.98% 28.24% 14.75% 13.74% 12.24% 0.00% 11.38% 12.44%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 37.73% 39.56% 45.48% 56.65% 68.86% 64.90% 72.23% 0.00% 68.88% 81.62%
Debt to EBITDA		 9.61 8.12 8.48 4.95 3.23 3.90 2.30 0.00 3.17 1.54
Net Debt to EBITDA		 8.64 7.24 7.24 3.85 2.23 2.82 1.52 0.00 2.18 0.86
Long-Term Debt to EBITDA		 6.39 5.29 4.82 3.23 1.53 1.53 1.01 0.00 1.16 1.04
Debt to NOPAT		 14.53 13.17 10.76 5.77 4.27 4.40 2.77 0.00 4.08 1.85
Net Debt to NOPAT		 13.06 11.74 9.19 4.48 2.95 3.18 1.84 0.00 2.82 1.04
Long-Term Debt to NOPAT		 9.67 8.58 6.11 3.76 2.02 1.72 1.22 0.00 1.49 1.25
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4.57 101 298 303 165 -68 219 1,686 -1,536 290
Operating Cash Flow to CapEx		 785.44% 1,177.16% 0.00% 1,144.49% 749.92% 460.74% 1,116.38% 1,721.58% 1,991.53% 1,947.60%
Free Cash Flow to Firm to Interest Expense		 -0.12 2.63 6.99 6.91 2.63 -2.25 13.72 54.06 -15.58 2.32
Operating Cash Flow to Interest Expense		 2.38 2.30 0.00 3.01 1.78 3.71 9.86 4.38 1.53 1.43
Operating Cash Flow Less CapEx to Interest Expense		 2.08 2.11 0.00 2.74 1.54 2.91 8.97 4.13 1.46 1.36
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.10 0.09 0.05
Fixed Asset Turnover		 5.31 5.48 5.60 6.13 5.93 5.50 5.18 0.00 0.00 7.03
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,891 1,876 1,662 1,469 1,407 1,603 1,538 0.00 1,663 1,524
Invested Capital Turnover		 0.17 0.17 0.18 0.23 0.27 0.30 0.29 0.61 0.55 0.32
Increase / (Decrease) in Invested Capital		 86 -14 -214 -193 -62 196 -65 -1,538 1,663 -139
Enterprise Value (EV)		 2,048 2,374 1,999 1,563 1,703 1,910 2,354 2,125 2,421 2,910
Market Capitalization		 990 1,363 1,224 1,068 1,400 1,503 2,072 2,125 2,064 2,753
Book Value per Share		 $46.47 $48.38 $49.46 $53.03 $59.28 $63.76 $68.48 $0.00 $71.06 $76.98
Tangible Book Value per Share		 $38.42 $40.22 $41.48 $42.64 $45.57 $49.98 $54.56 $0.00 $56.98 $62.80
Total Capital		 1,891 1,876 1,662 1,469 1,407 1,603 1,538 0.00 1,663 1,524
Total Debt		 1,177 1,134 906 637 438 563 427 0.00 517 280
Total Long-Term Debt		 783 739 515 415 208 220 188 0.00 189 190
Net Debt		 1,058 1,011 774 495 303 407 282 0.00 357 158
Capital Expenditures (CapEx)		 11 7.47 0.00 12 15 24 14 7.94 7.59 9.18
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 14 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,177 1,134 906 637 438 563 427 0.00 517 280
Total Depreciation and Amortization (D&A)		 8.90 17 0.00 11 11 -2.38 -2.43 13 17 13
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.27 $5.62 $5.51 $7.13 $6.33 $7.85 $9.45 $9.13 $7.84 $9.38
Adjusted Weighted Average Basic Shares Outstanding		 15.33M 15.29M 15.29M 15.61M 16.27M 16.31M 16.22M 16.26M 16.12M 16.16M
Adjusted Diluted Earnings per Share		 $5.26 $5.59 $5.47 $7.07 $6.29 $7.80 $9.37 $9.06 $7.80 $9.32
Adjusted Weighted Average Diluted Shares Outstanding		 15.33M 15.29M 15.29M 15.61M 16.27M 16.31M 16.22M 16.26M 16.12M 16.16M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.33M 15.29M 15.29M 15.61M 16.27M 16.31M 16.22M 16.26M 16.12M 16.16M
Normalized Net Operating Profit after Tax (NOPAT)		 81 86 84 110 104 128 157 148 127 151
Normalized NOPAT Margin		 26.55% 26.74% 26.44% 31.15% 26.32% 28.72% 34.19% 31.50% 27.66% 29.97%
Pre Tax Income Margin		 37.22% 38.15% 37.18% 37.05% 31.59% 34.73% 40.94% 38.32% 33.53% 36.57%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.03 3.22 2.51 2.68 1.99 4.88 11.79 5.40 1.48 1.36
NOPAT to Interest Expense		 2.16 2.26 1.97 2.51 1.64 4.25 9.65 4.76 1.29 1.21
EBIT Less CapEx to Interest Expense		 2.73 3.02 2.51 2.42 1.75 4.07 10.91 5.14 1.40 1.28
NOPAT Less CapEx to Interest Expense		 1.86 2.06 1.97 2.25 1.40 3.45 8.76 4.50 1.21 1.14
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 71.32% 66.93% 0.00% 65.13% 67.30% 55.00% 48.27% 51.64% 54.41% 51.18%
Augmented Payout Ratio		 71.32% 66.93% 0.00% 71.11% 106.77% 60.86% 58.69% 51.64% 72.57% 51.18%

Quarterly Metrics And Ratios for Park National

This table displays calculated financial ratios and metrics derived from Park National's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 20.62% -12.36% 3.16% 1.26% -11.30% -1.91% 4.45% 8.62% 12.84% 15.26% 6.81%
EBITDA Growth		 29.92% -41.50% -17.48% -4.68% -8.19% -9.10% 3.81% 20.72% -0.97% 30.48% 18.20%
EBIT Growth		 18.09% -47.16% -22.46% -9.22% -11.03% -8.14% 6.35% 26.48% 1.95% 38.44% 20.72%
NOPAT Growth		 18.72% -9.48% -13.23% -7.98% -12.24% -25.95% 4.36% 24.65% 3.52% 57.67% 19.75%
Net Income Growth		 18.72% -9.48% -13.23% -7.98% -12.24% -25.95% 4.36% 24.65% 3.52% 57.67% 19.75%
EPS Growth		 18.98% -9.46% -13.03% -7.62% -11.28% -24.88% 4.83% 24.74% 3.07% 57.62% 19.82%
Operating Cash Flow Growth		 2.16% 5.19% -13.76% 18.18% 19.74% 14.31% 41.93% 52.06% 11.81% -8.43% 8.15%
Free Cash Flow Firm Growth		 -41.12% 1,446.82% -53.80% -89.60% -247.06% -204.28% -65.62% -130.54% 167.64% 110.82% -339.60%
Invested Capital Growth		 -5.21% -100.00% -1.88% 0.80% 15.07% 0.00% 0.98% 3.20% -4.98% -8.34% 6.36%
Revenue Q/Q Growth		 19.45% -20.82% -6.78% 3.36% 4.63% -12.44% 10.30% 7.48% 8.70% -10.56% 5.70%
EBITDA Q/Q Growth		 22.19% -40.16% -9.85% 5.61% 17.70% -40.76% 43.13% 22.81% -3.44% -21.95% 39.98%
EBIT Q/Q Growth		 22.18% -45.06% -10.53% 5.81% 19.74% -43.27% 47.97% 25.84% -3.48% -22.97% 42.50%
NOPAT Q/Q Growth		 22.56% -21.36% 1.96% -6.37% 16.89% -33.63% 43.69% 11.83% -2.93% 1.08% 9.13%
Net Income Q/Q Growth		 22.56% -21.36% 1.96% -6.37% 16.89% -33.63% 43.69% 11.83% -2.93% 1.08% 9.13%
EPS Q/Q Growth		 22.38% -21.79% 2.99% -6.28% 17.53% -33.77% 43.71% 11.52% -2.89% 1.28% 9.24%
Operating Cash Flow Q/Q Growth		 17.77% 41.86% -46.04% 36.25% 19.32% 35.43% -35.41% 45.98% -12.27% 10.91% -23.09%
Free Cash Flow Firm Q/Q Growth		 -38.49% 1,210.76% -96.09% -66.98% -970.07% -829.47% 101.29% -129.33% 2,026.86% 48.74% -128.50%
Invested Capital Q/Q Growth		 0.28% -100.00% 0.00% -1.48% 14.48% 2.17% -12.36% 0.69% 5.40% -1.45% 1.70%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 39.85% 30.11% 35.88% 36.67% 41.25% 27.91% 35.67% 40.75% 36.20% 31.59% 41.84%
EBIT Margin		 37.40% 25.95% 32.02% 32.77% 37.51% 24.30% 32.60% 38.17% 33.89% 29.19% 39.35%
Profit (Net Income) Margin		 30.59% 30.38% 29.91% 27.09% 30.26% 22.94% 29.88% 31.09% 27.77% 31.38% 32.40%
Tax Burden Percent		 81.80% 81.97% 84.55% 82.66% 80.69% 82.38% 83.00% 81.46% 81.93% 81.61% 82.33%
Interest Burden Percent		 100.00% 142.85% 110.48% 100.00% 100.00% 114.59% 110.44% 100.00% 100.00% 131.73% 100.00%
Effective Tax Rate		 18.20% 18.03% 15.45% 17.34% 19.31% 17.62% 17.00% 18.54% 18.07% 18.39% 17.67%
Return on Invested Capital (ROIC)		 0.00% 18.61% 0.00% 0.00% 0.00% 12.64% 9.54% 10.19% 8.55% 9.95% 11.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 18.61% 0.00% 0.00% 0.00% 12.64% 9.54% 10.19% 8.55% 9.95% 11.07%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 7.15% 0.00% 0.00% 0.00% 5.71% 2.79% 2.76% 3.12% 3.32% 2.57%
Return on Equity (ROE)		 0.00% 25.76% 0.00% 0.00% 0.00% 18.35% 12.34% 12.95% 11.68% 13.27% 13.63%
Cash Return on Invested Capital (CROIC)		 5.35% 219.29% 1.90% -0.80% -14.02% -184.75% 7.87% 6.26% 13.76% 18.21% 4.37%
Operating Return on Assets (OROA)		 0.00% 2.56% 0.00% 0.00% 0.00% 2.26% 1.53% 1.82% 1.66% 1.50% 2.04%
Return on Assets (ROA)		 0.00% 2.99% 0.00% 0.00% 0.00% 2.14% 1.40% 1.48% 1.36% 1.61% 1.68%
Return on Common Equity (ROCE)		 0.00% 25.76% 0.00% 0.00% 0.00% 18.35% 12.34% 12.95% 11.68% 13.27% 13.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.03% 11.49% 11.08% 0.00% 12.38%
Net Operating Profit after Tax (NOPAT)		 42 33 34 32 37 25 35 39 38 39 42
NOPAT Margin		 30.59% 30.38% 29.91% 27.09% 30.26% 22.94% 29.88% 31.09% 27.77% 31.38% 32.40%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.48% 55.97% 55.28% 52.60% 51.24% 59.70% 53.99% 48.93% 49.45% 52.87% 49.65%
Operating Expenses to Revenue		 60.28% 71.31% 67.82% 65.09% 63.79% 74.01% 65.55% 59.38% 62.25% 67.62% 60.07%
Earnings before Interest and Taxes (EBIT)		 51 28 36 38 46 26 38 48 47 36 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 55 33 40 43 50 30 42 52 50 39 54
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.82 0.00 1.69 1.46 1.36 1.80 1.86 1.93 2.19 2.21 1.91
Price to Tangible Book Value (P/TBV)		 2.34 0.00 2.13 1.82 1.72 2.25 2.30 2.40 2.69 2.71 2.32
Price to Revenue (P/Rev)		 0.00 4.51 0.00 0.00 0.00 4.51 4.66 4.83 5.55 5.45 4.76
Price to Earnings (P/E)		 0.00 14.33 0.00 0.00 0.00 16.29 16.87 16.82 19.79 18.18 15.45
Dividend Yield		 3.58% 3.18% 3.70% 4.26% 4.57% 3.28% 3.14% 2.98% 2.52% 2.78% 3.14%
Earnings Yield		 0.00% 6.98% 0.00% 0.00% 0.00% 6.14% 5.93% 5.94% 5.05% 5.50% 6.47%
Enterprise Value to Invested Capital (EV/IC)		 1.50 0.00 1.42 1.24 1.16 1.46 1.61 1.65 1.86 1.91 1.65
Enterprise Value to Revenue (EV/Rev)		 0.00 4.51 0.00 0.00 0.00 5.28 5.06 5.12 5.88 5.76 4.99
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 11.71 136.16 104.77 104.51 14.82 14.20 13.96 16.58 15.96 13.44
Enterprise Value to EBIT (EV/EBIT)		 0.00 12.63 0.00 0.00 0.00 16.58 15.79 15.31 18.03 17.19 14.39
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 14.33 0.00 0.00 0.00 19.10 18.27 17.83 20.92 19.22 16.18
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 15.56 15.62 12.94 13.19 16.02 14.57 13.62 15.72 16.27 14.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 27.19 1.26 74.09 0.00 0.00 0.00 20.53 26.82 13.16 10.03 39.02
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.00 0.33 0.31 0.50 0.45 0.25 0.24 0.25 0.23 0.21
Long-Term Debt to Equity		 0.18 0.00 0.17 0.17 0.17 0.17 0.16 0.16 0.15 0.15 0.15
Financial Leverage		 0.38 0.38 0.35 0.32 0.43 0.45 0.29 0.27 0.37 0.33 0.23
Leverage Ratio		 9.45 8.61 9.00 9.22 9.36 8.59 8.80 8.72 8.56 8.22 8.10
Compound Leverage Factor		 9.45 12.30 9.95 9.22 9.36 9.84 9.71 8.72 8.56 10.83 8.10
Debt to Total Capital		 26.73% 0.00% 25.01% 23.41% 33.29% 31.12% 20.25% 19.35% 19.85% 18.38% 17.47%
Short-Term Debt to Total Capital		 13.40% 0.00% 11.92% 10.12% 21.68% 19.74% 7.27% 6.44% 7.59% 5.93% 5.23%
Long-Term Debt to Total Capital		 13.33% 0.00% 13.08% 13.29% 11.62% 11.38% 12.99% 12.91% 12.26% 12.44% 12.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.27% 0.00% 74.99% 76.59% 66.71% 68.88% 79.75% 80.65% 80.15% 81.62% 82.53%
Debt to EBITDA		 0.00 0.00 24.01 19.80 30.10 3.17 1.79 1.63 1.77 1.54 1.42
Net Debt to EBITDA		 0.00 0.00 14.29 10.31 22.31 2.18 1.11 0.81 0.92 0.86 0.61
Long-Term Debt to EBITDA		 0.00 0.00 12.56 11.24 10.50 1.16 1.15 1.09 1.09 1.04 1.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 4.08 2.30 2.09 2.24 1.85 1.71
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 2.82 1.43 1.04 1.16 1.04 0.73
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.49 1.48 1.39 1.38 1.25 1.20
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 120 1,571 61 20 -176 -1,638 21 -6.19 119 177 -51
Operating Cash Flow to CapEx		 1,168.94% 3,455.47% 913.13% 2,422.94% 2,191.88% 3,105.60% 1,102.93% 2,716.81% 2,125.57% 2,354.14% 3,518.59%
Free Cash Flow to Firm to Interest Expense		 13.15 110.59 3.28 0.88 -6.62 -54.36 0.68 -0.20 3.65 5.88 -1.82
Operating Cash Flow to Interest Expense		 3.64 3.31 1.31 1.44 1.49 1.78 1.12 1.63 1.36 1.63 1.36
Operating Cash Flow Less CapEx to Interest Expense		 3.33 3.22 1.16 1.38 1.42 1.73 1.02 1.57 1.29 1.56 1.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.10 0.00 0.00 0.00 0.09 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 5.98 6.27 6.59 7.03 7.33
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,414 0.00 1,443 1,422 1,627 1,663 1,457 1,467 1,546 1,524 1,550
Invested Capital Turnover		 0.00 0.61 0.00 0.00 0.00 0.55 0.32 0.33 0.31 0.32 0.34
Increase / (Decrease) in Invested Capital		 -78 -1,538 -28 11 213 1,663 14 46 -81 -139 93
Enterprise Value (EV)		 2,115 2,125 2,046 1,761 1,881 2,421 2,342 2,425 2,873 2,910 2,563
Market Capitalization		 1,886 2,125 1,831 1,588 1,479 2,064 2,159 2,284 2,713 2,753 2,446
Book Value per Share		 $63.75 $0.00 $66.54 $67.30 $67.20 $71.06 $72.10 $73.27 $76.74 $76.98 $79.15
Tangible Book Value per Share		 $49.68 $0.00 $52.76 $53.92 $53.32 $56.98 $58.17 $58.90 $62.46 $62.80 $65.13
Total Capital		 1,414 0.00 1,443 1,422 1,627 1,663 1,457 1,467 1,546 1,524 1,550
Total Debt		 378 0.00 361 333 542 517 295 284 307 280 271
Total Long-Term Debt		 189 0.00 189 189 189 189 189 189 190 190 190
Net Debt		 229 0.00 215 173 402 357 183 141 160 158 116
Capital Expenditures (CapEx)		 2.84 1.36 2.67 1.37 1.81 1.73 3.14 1.86 2.09 2.09 1.08
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 378 0.00 361 333 542 517 295 284 307 280 271
Total Depreciation and Amortization (D&A)		 3.37 4.54 4.36 4.54 4.56 3.85 3.62 3.27 3.18 2.96 3.24
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.59 $2.03 $2.08 $1.95 $2.29 $1.52 $2.18 $2.44 $2.37 $2.39 $2.61
Adjusted Weighted Average Basic Shares Outstanding		 16.25M 16.26M 16.24M 16.17M 16.13M 16.12M 16.12M 16.15M 16.15M 16.16M 16.16M
Adjusted Diluted Earnings per Share		 $2.57 $2.01 $2.07 $1.94 $2.28 $1.51 $2.17 $2.42 $2.35 $2.38 $2.60
Adjusted Weighted Average Diluted Shares Outstanding		 16.37M 16.26M 16.32M 16.24M 16.22M 16.12M 16.19M 16.24M 16.26M 16.16M 16.24M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.26M 16.26M 16.18M 16.15M 16.12M 16.12M 16.15M 16.15M 16.16M 16.16M 16.19M
Normalized Net Operating Profit after Tax (NOPAT)		 45 33 34 32 37 25 35 39 38 39 42
Normalized NOPAT Margin		 32.97% 30.38% 29.91% 27.09% 30.26% 22.94% 29.88% 31.09% 27.77% 31.38% 32.40%
Pre Tax Income Margin		 37.40% 37.07% 35.37% 32.77% 37.51% 27.85% 36.00% 38.17% 33.89% 38.45% 39.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.64 1.99 1.93 1.65 1.72 0.86 1.24 1.56 1.43 1.19 1.84
NOPAT to Interest Expense		 4.61 2.33 1.80 1.37 1.39 0.81 1.14 1.27 1.17 1.28 1.52
EBIT Less CapEx to Interest Expense		 5.33 1.89 1.79 1.59 1.65 0.80 1.14 1.50 1.36 1.12 1.80
NOPAT Less CapEx to Interest Expense		 4.30 2.23 1.66 1.31 1.32 0.76 1.03 1.21 1.11 1.21 1.48
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 51.64% 0.00% 0.00% 0.00% 54.41% 53.78% 50.71% 50.41% 51.18% 49.04%
Augmented Payout Ratio		 0.00% 51.64% 0.00% 0.00% 0.00% 72.57% 59.79% 54.50% 50.41% 51.18% 49.04%

Financials Breakdown Chart

Key Financial Trends

Park National (NYSE:PRK) has demonstrated steady financial performance over the past four years, with recent quarterly data from Q1 2025 showing continued growth and solid fundamentals. Below is a summary of the key trends and notable financial metrics observed from the quarterly income statements, cash flow, and balance sheet statements.

  • Income Growth: Net interest income has gradually increased, reaching $104.4 million in Q1 2025 compared to $92.2 million in Q1 2024. This indicates a strong core lending business with higher interest income from loans and leases.
  • Stable Net Income: Consolidated net income rose to $42.2 million in Q1 2025, up from $33.5 million in Q1 2024, reflecting improved profitability.
  • EPS Improvement: Basic earnings per share (EPS) climbed to $2.61 in Q1 2025 from $2.18 in Q1 2024, showing value growth for shareholders.
  • Strong Operating Cash Flow: Net cash from operating activities was $37.9 million in Q1 2025, indicating efficient cash generation from core operations.
  • Healthy Asset Base: Total assets remain stable around $9.9 billion, with net loans and leases steady at about $7.8 billion, demonstrating consistent lending activity.
  • Interest Expense Control: Although interest expense slightly decreased from Q1 2024 to Q1 2025 (from about $31 million to approximately $27.8 million), cost control remains important given the cost of deposits and debt.
  • Dividend Payments: Park National maintains a quarterly dividend of $1.07 per share in Q1 2025, reflecting a shareholder-friendly policy, though it represents a considerable cash outflow ($17.6 million in Q1 2025).
  • Capital Expenditures and Investments: Investments in plant, property, equipment, and securities are ongoing, with net cash from investing activities positive in Q1 2025 suggesting prudent asset management.
  • Non-Interest Income Volatility: Other non-interest income showed fluctuations, including a net realized and unrealized capital loss in Q1 2025 (-$1.1 million), which contributed to lesser total non-interest income compared to some prior quarters.
  • Provision for Credit Losses Increase: Provision for credit losses increased in Q1 2025 ($756,000) compared to previous quarters, which could hint at cautious credit risk management amid potential economic uncertainties.

Overall, Park National exhibits a robust financial position with improving earnings and strong operating cash flow. The company balances growth through lending and investment while managing expenses and provisions prudently. Investors should watch for trends in non-interest income and credit loss provisions, which may impact future profitability.

10/15/25 09:01 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Park National's Financials

When does Park National's fiscal year end?

According to the most recent income statement we have on file, Park National's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Park National's net income changed over the last 8 years?

Park National's net income appears to be on an upward trend, with a most recent value of $151.42 million in 2024, rising from $81.01 million in 2015. The previous period was $126.73 million in 2023. View Park National's forecast to see where analysts expect Park National to go next.

How has Park National's revenue changed over the last 8 years?

Over the last 8 years, Park National's total revenue changed from $305.18 million in 2015 to $505.20 million in 2024, a change of 65.5%.

How much debt does Park National have?

Park National's total liabilities were at $8.56 billion at the end of 2024, a 1.5% decrease from 2023, and a 29.8% increase since 2015.

How much cash does Park National have?

In the past 8 years, Park National's cash and equivalents has ranged from $119.41 million in 2015 to $160.48 million in 2023, and is currently $122.36 million as of their latest financial filing in 2024.

How has Park National's book value per share changed over the last 9 years?

Over the last 9 years, Park National's book value per share changed from 46.47 in 2015 to 76.98 in 2024, a change of 65.6%.


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This page (NYSE:PRK) was last updated on 10/15/2025 by MarketBeat.com Staff
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