secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0000805676-23-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park National posts 2022 net income of $148.4M, down 3.6% YoY; director retiring
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- Net income $148.4M vs $153.9M in 2021; pre-tax pre-provision net income up 4.9% to $185.0M.
- PNB net interest income rose 6.8% to $350.6M; loan growth ex-PPP was 5.0% YoY.
- Credit quality strong: net charge-offs 0.03% of avg loans vs net recoveries 0.05% in 2021.
- Director Alicia Hupp to retire April 2023, board size reduced to 13; one-time bonuses $3.2M.
- PPP loan balance declined to $4.2M at year-end; $33.1M total SBA fees received through 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000005/0000805676-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000005/prk-20230123.htm
  HTML page:      https://secwatch.observer/filing/0000805676-23-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer