Start here if you're new
what it is
Park National is a regional bank that takes deposits, makes loans, and earns fees from trust and wealth services.
how it gets paid
Last year Park National made $664M in revenue. real estate lending was the main engine at $219M, or 33% of sales.
why it's growing
Revenue grew 2.9% last year. Fifteen consecutive quarters of positive loan growth matter most because they show customer demand held up long enough to support earnings even through rate swings.
what just happened
Park's last quarter missed expectations, but the bigger story is full-year EPS hitting $11.11, up nearly 20% vs. prior year.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
80/100 earnings predictability — you can trust these numbers
15.7x trailing p/e — the market's not buying it — or you found a deal
2.6% dividend yield — cash in your pocket every quarter
xvary composite: 61/100 — average
What they do
Park National is a regional bank that takes deposits, makes loans, and earns fees from trust and wealth services.
This bank wins the old-fashioned way: 87 offices and 1,620 employees keep it close to customers in four states. That matters because banking is trust plus habit. If your business loan, checking account, and trust relationship sit in one place, moving is annoying, and Park has turned that stickiness into 15 straight quarters of loan growth.
How they make money
$664M
annual revenue · their business grew +2.9% last year
commercial and industrial lending
$166M
+6.0%
real estate lending
$219M
+4.0%
consumer lending
$73M
+2.0%
deposit service income
$113M
+1.0%
trust and wealth fees
$93M
+3.0%
The products that matter
deposit-taking and lending
Community Banking
$664M annual revenue
it's the core franchise across 87 branches in eight states, supporting roughly $664M in annual revenue.
87 branches
business and consumer loans
Commercial Lending
15 straight positive quarters
loan growth stayed positive for 15 consecutive quarters. for a regional bank, that's the number that tells you customers are still borrowing here.
growth driver
recent bank acquisition
First Citizens acquisition
closed feb 1, 2026 · assets >$10B
the deal pushed total assets above $10B. bigger scale can help, but it also raises the execution bar from here.
execution watch
Key numbers
12%
return on equity
Return on equity → profit made from shareholder money → so what: Park produced $12 in profit for every $100 you own through book equity.
2.6%
dividend yield
Dividend yield → cash paid to you for owning the stock → so what: you get paid 2.6% a year while you wait for earnings to keep compounding.
15.7x
trailing p/e
Trailing P/E → price compared with past 12 months of profit → so what: you are not paying a wild multiple for a bank that grew 2025 EPS nearly 20%.
4.88%
net interest margin
Net interest margin → the spread between what the bank earns on loans and pays on funding → so what: this is the number driving the recent earnings jump.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 80 / 100
- return on equity 12% — $0.12 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in PRK 3 years ago → it's now worth $14,940.
The index would have given you $13,880.
source: institutional data · total return
What just happened
missed estimates
Park's last quarter missed expectations, but the bigger story is full-year EPS hitting $11.11, up nearly 20% vs. prior year.
The latest reported quarter came in at $2.63 a share versus $2.81 expected, a 6.41% miss. The annual result was driven by net interest margin expansion to 4.88% and continued loan growth.
$166M
revenue
$2.63
eps
4.88%
gross margin
the number that mattered
Fifteen consecutive quarters of positive loan growth matter most because they show customer demand held up long enough to support earnings even through rate swings.
-
park national is executing at a high level.
-
the ohio-based bank delivered record earnings of $11.11 a share in 2025, representing growth of nearly 20% vs. prior year.
-
the performance was primarily driven by significant net interest margin expansion, which hit 4.88% at the end of the fourth quarter on the back of higher yields and reduced funding costs.lending activity also continued to hold up well across many of the bank’s core geographic markets, despite a few macroeconomicrelated headwinds.
-
park has reported positive loan growth in 15 consecutive quarters heading into 2026.
-
the company appears well-positioned to keep the ball rolling in 2026.
source: company earnings report, 2026
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What could go wrong
the #1 risk is integrating the First Citizens acquisition without giving back the 4.88% net interest margin.
high
acquisition integration
the deal closed on feb. 1, 2026 and pushed assets above $10B. if the combined franchise loses customers, adds costs, or absorbs weaker loans than expected, the 2025 earnings pace stops looking repeatable.
watch the first combined quarters for whether scale improves profit or just adds noise.
high
net interest margin reversal
net interest margin finished the fourth quarter at 4.88%, and 79.5% of revenue comes from net interest income. if deposit costs rise or loan yields soften, earnings feel it almost immediately.
this is the main engine. when the engine coughs, the stock notices.
med
fee income weakness
non-interest income fell 14.5% to $136M last year. that is only 20.5% of revenue, but continued erosion would make the bank even more dependent on spread income carrying everything.
less diversification means less room for a margin miss.
med
loan growth stall
positive loan growth for 15 straight quarters is a strength. it is also a benchmark. if that streak breaks after the acquisition, investors will question how much of the recent earnings growth was franchise health versus favorable timing.
regional banks do not get much benefit of the doubt when volume turns negative.
79.5% of revenue comes from net interest income. if the 4.88% margin slips after the merger, the 18.9% earnings growth story gets tested fast.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
first post-deal earnings report
Q1 2026 is due april 20, 2026. this should be the first read on whether the First Citizens acquisition is helping or complicating the story.
metric
net interest margin
the bank ended the fourth quarter at 4.88%. if that starts falling, the part of the business that produces 79.5% of revenue is weakening.
trend
loan growth streak
15 straight positive quarters is real momentum. you want to see that streak survive the integration period.
risk
non-interest income pressure
fee income fell 14.5% to $136M. if it keeps shrinking, PRK becomes even more exposed to one revenue line doing all the work.
Analyst rankings
earnings predictability
80 / 100
in human-speak, the business is usually steady. you are not dealing with a bank that misses the script every quarter.
risk rank
3
safer than about half of stocks. not a bunker stock, but not a chaos machine either.
balance sheet
B++
above average financial health. the balance sheet looks fine, just not premium enough to erase execution risk.
source: institutional data
Institutional activity
institutions have been net buying for 3 consecutive quarters — 94 buyers vs. 92 sellers in 3q2025. total institutional holdings: 8.7M shares. net buying for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$143
$259
$175
current price
$201
target midpoint · +15% from current · 3-5yr high: $240 (+35% · 10% ann'l return)
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