Park National Q3 net income $36.9M, down 12.2% YoY; NII up 3.8%

PARK NATIONAL CORP /OH/

2023-Q3 EPS reported $6.29

Net income of $36.9M for Q3 2023, down 12.2% YoY from $42.1M; pre-tax pre-provision income $44.2M, down 19.1%.
Net interest income $94.3M, up 3.8% YoY and 2.9% QoQ; loan yield rose 96 bps to 5.43%.
PNB segment net income $40.8M; PNB loans up 2.0% QoQ and 3.5% YoY; net charge-offs 0.06% of avg loans.
Total deposits (incl off-balance sheet) $8.25B, down 1.4% QoQ; uninsured deposits 17.2% of total.
Management targets assets under $10B at Dec 31, 2023; net unrealized loss on AFS securities $138.2M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PARK NATIONAL CORP /OH/ reported financial results for the three months and the nine months ended September 30, 2023.

Period: the three months and the nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On October 23, 2023, Park National Corporation (“Park”) issued a news release (the “Financial Results News Release”) announcing financial results for the three months and the nine months ended September 30, 2023.

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PARK NATIONAL CORP /OH/ filing history →

Source: SEC EDGAR

accession 0000805676-23-000111

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