---
schema_version: "secwatch.filing_event.v1"
accession: "0000805676-23-000149"
form_type: "8-K"
ticker: "PRK"
cik: "0000805676"
company_name: "PARK NATIONAL CORP /OH/"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:55:16.744290+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Park National sells $291M in AFS securities, expects $3.8M net income boost in 2024

## Summary
- Sold $291M in AFS debt securities, incurring net loss of $7.9M ($6.3M after tax).
- $207M sold to reduce borrowings (yield 3.41%, borrowings expense saved 5.50%; earn-back ~1.7 years).
- $84M sold to fund new loans (yield 7.00%, new loan yield 8.17%; earn-back ~1.5 years).
- Overall yield on sold securities 4.44%; net yield benefit 1.83% with earn-back ~1.6 years.
- Anticipates $3.8M net income addition in 2024; NIM up 15 bps, ROA up 7 bps; helps stay below $10B assets.

## SEC filing metadata
- accession: 0000805676-23-000149
- form_type: 8-K
- ticker: PRK
- cik: 0000805676
- company_name: PARK NATIONAL CORP /OH/
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/805676/000080567623000149/0000805676-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/805676/000080567623000149/prk-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000805676-23-000149
- JSON: https://secwatch.observer/filing/0000805676-23-000149.json
- Plain text: https://secwatch.observer/filing/0000805676-23-000149.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.