secwatch.observer — SEC 8-K summary
======================================

Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0000805676-23-000111
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000111/0000805676-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000111/prk-20231023.htm
  HTML page:      https://secwatch.observer/filing/0000805676-23-000111

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