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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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% |
Key Financial Trends
Park National Corporation (NYSE: PRK) has demonstrated steady financial performance over the last four years, with a focus on strong net interest income and consistent profitability. Here's an overview of key trends and metrics observed from Q1 2022 through Q1 2025:
- Net Interest Income Growth: Net interest income has generally increased over the years, rising from approximately $90.8 million in Q3 2022 to $104.4 million in Q1 2025, highlighting effective interest margin management in loans and deposit funding costs.
- Steady Loan Portfolio: Net loans and leases have grown from about $7.13 billion in Q2 2024 to $7.80 billion in Q1 2025, indicating healthy lending activity supporting revenue growth.
- Solid Profitability: Net income attributable to common shareholders increased from $31.6 million in Q2 2023 to $42.2 million in Q1 2025, with basic earnings per share rising from $1.95 to $2.61 over this period, signaling improved earnings power.
- Effective Credit Loss Management: The provision for credit losses remains relatively low and stable, with $756,000 in Q1 2025 compared to previous quarters, reflecting a stable credit environment and prudent risk management.
- Strong Capital Position: Total common equity increased steadily to approximately $1.28 billion in Q1 2025, supporting the company's ability to absorb losses and invest in growth opportunities.
- Consistent Dividend Payments: The company has consistently paid cash dividends to common shareholders around $1.05 to $1.07 per share quarterly, reflecting a commitment to returning value to shareholders.
- Stable Operating Expenses: Salaries and employee benefits and occupancy expenses have shown modest growth but remain well controlled relative to revenue increases, aiding in maintaining overall profitability.
- Large Trading Securities Book: Trading account securities are sizeable, exceeding $1 billion, which may contribute to interest income but also exposes the company to market risks.
- Variable Non-Interest Income: Non-interest income has fluctuated widely, including significant negative other non-interest income in several quarters (e.g., -$49 million in Q4 2024), indicating volatility from non-core revenue streams that may impact earnings consistency.
- Increased Interest Expense in Some Quarters: Total interest expenses have sporadically increased, reaching approximately $30.2 million in Q4 2024, which could pressure net interest margins if not managed carefully.
Summary: Park National exhibits solid growth in core banking activities with improving net interest income and profitability, backed by a growing loan book and strong equity base. However, investors should be aware of the volatility in non-interest income and the potential impact of interest expense fluctuations. Overall, the company appears well positioned but should be monitored for income stability and cost management over time.
08/24/25 06:56 AMAI Generated. May Contain Errors.