Park National Q2 net income up 24.6% to $39.4M; ROA improves to 1.52%

PARK NATIONAL CORP /OH/

2024-Q2 EPS reported $4.60 revenue$310,538,000

Net income Q2 2024 $39.4M vs $31.6M Q2 2023 (+24.6%); six-month net income $74.6M (+14.2%).
Pre-tax pre-provision net income Q2 $51.4M, up 26.4% YoY.
Net interest income six months $193.5M (+5.3% YoY); loan yield up 72bp to 6.06%.
Loans $7.66B at June 30 (+6.3% YoY); deposits $8.31B (-0.6% YoY).
Efficiency ratio improved to 61.05% from 64.84%; return on avg assets 1.52% annualized.

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