secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0000805676-22-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park National Q1 net income falls 9.2% YoY to $38.9M; mortgage originations drop 47%
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- Net income of $38.9M, down 9.2% from $42.8M in Q1 2021.
- Net interest income $79.4M (-3.3% YoY); other income $31.2M (-4.7% YoY).
- PNB segment net income $41.5M vs $45.1M in Q1 2021; mortgage originations tumbled 47% to $160M.
- Recovery of credit losses of $4.5M, compared to $4.2M in prior-year quarter.
- PPP loans declined to $37.4M at quarter-end from $387M a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567622000047/0000805676-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567622000047/prk-20220422.htm
  HTML page:      https://secwatch.observer/filing/0000805676-22-000047

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