secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000805676-24-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567624000063/0000805676-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567624000063/prk-20240419.htm
  HTML page:      https://secwatch.observer/filing/0000805676-24-000063

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