secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0000805676-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park National Q4 net income falls 25.9% to $24.5M; full year down 14.6%
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- Net income Q4 2023 $24.5M vs $33.1M YoY; full year $126.7M vs $148.4M (down 14.6%).
- Net interest income Q4 $95.1M, up 0.5% YoY; loans grew 4.7% from Dec 2022.
- Pre-tax pre-provision net income Q4 $31.6M, down 27.2% from $43.3M in Q4 2022.
- Recorded $7.9M pre-tax loss on sale of $291M AFS debt securities in Nov 2023.
- CEO Trautman 2024 base salary $750,000; 2023 incentive $364,000; PBRSU target $575,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567624000005/0000805676-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567624000005/prk-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000805676-24-000005

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