Park National Corporation reports financial results for third quarter and first nine months of 2026
Key Highlights
- ➤Q3 net income $56.9 million, up 20.7% year over year
- ➤Special dividend $1.30 per share declared, payable December 10
- ➤First nine-month net income $157.4 million, up 14.5% year over year
- ➤Loans increased $1.72 billion, including $1.58 billion from First Citizens transaction
- ➤Deposits rose $2.38 billion, including $2.22 billion from First Citizens transaction
Expert Statements
Matthew R. Miller, CEO and president of Park National Corporation
“Our continued solid financial performance reflects the strength of our relationship-based approach to banking and the dedication of our colleagues who work every day to help things go right for our stakeholders,”
Matthew R. Miller, CEO and president of Park National Corporation
“We are grateful for the trust our customers and communities place in us, including the communities we have recently welcomed in Tennessee.”
Matthew R. Miller, CEO and president of Park National Corporation
“We are once again pleased to recognize the commitment of our shareholders with a special dividend payable in December. Their continued support enables us to advance our mission of helping those we serve achieve financial success and prosperity.”
David L. Trautman, Chairman of Park National Corporation
“Our results represent the compounded effect of our colleagues' best efforts every day,”
David L. Trautman, Chairman of Park National Corporation
“From our newest team members to those who have dedicated more than 45 years to Park, our people pour themselves into serving others, trusting that if we do the right things consistently, the results will follow. So far this year, the scoreboard looks favorable.”
NEWARK, Ohio, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the third quarter and the first nine months of 2026. Park's board of directors declared a quarterly cash dividend of $1.10 per common share and a special cash dividend of $1.30 per common share, payable on December 10, 2026, to common shareholders of record as of November 20, 2026.
Park’s net income for the third quarter of 2026 was $56.9 million, a 20.7 percent increase from $47.2 million for the third quarter of 2025. The third quarter of 2026 included $7.0 million ($5.5 million after tax) in expenses related to the merger with First Citizens Bancshares, Inc. Third quarter 2026 net income per diluted common share was $3.13, compared to $2.92 for the third quarter of 2025. Park's net income for the first nine months of 2026 was $157.4 million, a 14.5 percent increase from $137.4 million for the first nine months of 2025. The first nine months of 2026 included $26.5 million ($21.0 million after tax) in merger-related expenses and other income reducing charges. Net income per diluted common share for the first nine months of 2026 was $8.77, compared to $8.48 for the first nine months of 2025.
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