earnings
confidence high
sentiment neutral
materiality 0.70
Park National Q3 net income $42.1M; nine-month net down 1.8% to $115.3M
PARK NATIONAL CORP /OH/
2022-Q3 EPS reported
$7.05
- Net income for nine months ended Sep 30, 2022: $115.3M, down 1.8% from $117.4M in 2021.
- Q3 2022 net income $42.1M, with PNB contributing $31.5M and All Other $10.6M.
- PNB net interest income $254.8M for nine months, up 2.9% YoY, driven by higher investment income.
- PNB loan growth excl. PPP: +4.45% YTD 2022; annualized net charge-offs 0.02%.
- Mortgage originations fell 40.6% to $466M for nine months; refinances at 24% of total.