secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0000805676-23-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park National Q1 net income down 13.2% to $33.7M; net interest income up 17.9% but other income falls 22.4%
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- Net income $33.7M vs. $38.9M YoY; pre-tax pre-provision net income $40.1M, down 4.5%.
- PNB net interest income $93.6M (+17.9% YoY) on higher loan yields and volumes; loan yield 5.21%.
- Other income fell 22.4% to $24.3M, driven by lower mortgage banking revenue ($61.2M originations, -61.8%).
- Credit quality stable: net charge-offs $727K (0.04% annualized of avg loans); allowance $85.9M (1.21% of loans).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000067/0000805676-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000067/prk-20230421.htm
  HTML page:      https://secwatch.observer/filing/0000805676-23-000067

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