Park National Q1 net income $35.2M (+4.4% YoY); ROAA 1.44%; efficiency ratio improves to 63.1%

PARK NATIONAL CORP /OH/

2024-Q1 EPS reported $2.17 revenue$152,840,000

Net income $35.2M vs $33.7M in Q1 2023; pre-tax, pre-provision income $44.6M (+11.3%).
Net interest income $95.6M (+3.7%), loan yield up 75 bps to 5.99%; loans grew 6.1% YoY to $7.53B.
Provision for credit losses $2.2M (vs $183K in Q1 2023); allowance 1.13% of total loans.
Total deposits $8.31B (flat YoY); uninsured deposits 16.8% of total, $410M fully collateralized.
Annualized ROAA 1.44% (vs 1.36% a year ago); efficiency ratio 63.07% (vs 65.10%).

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

PARK NATIONAL CORP /OH/ reported financial results for the three months ended March 31, 2024.

Period: the three months ended March 31, 2024
Result: reported results

Exact text from the filing

On April 19, 2024, Park National Corporation (“Park”) issued a news release (the “Financial Results News Release”) announcing financial results for the three months ended March 31, 2024.

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PARK NATIONAL CORP /OH/ filing history →

Source: SEC EDGAR

accession 0000805676-24-000063

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