secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0000805676-23-000102
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park National Q2 net income falls 8% YoY to $31.6M; NII up 9.1%
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- Net income $31.6M (diluted EPS not provided) vs $34.3M Q2 2022 (-8%); pre-tax pre-provision $40.7M (-9.7%).
- Net interest income $91.6M (+9.1% YoY) driven by loan growth and higher yields; NIM expansion likely.
- PNB segment net income $35.5M in Q2, down from $36.3M in Q1; YTD PNB net income $71.8M vs $76.4M prior year.
- Deposits (incl. off-balance sheet) $8.36B, down 1.2% QoQ; uninsured deposits $1.4B (17% of total, $301M collateralized).
- Loans $7.21B, up 0.9% from Dec 2022; net charge-offs 0.07% of avg loans in Q2 vs 0.02% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000102/0000805676-23-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000102/prk-20230724.htm
  HTML page:      https://secwatch.observer/filing/0000805676-23-000102

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