earnings
confidence high
sentiment positive
materiality 0.65
Park National reports Q3 net income $38.2M (+3.5% YoY); nine-month net income $112.8M (+10.3%)
PARK NATIONAL CORP /OH/
2024-Q3 EPS reported
$6.95
revenue$480,876,000
- Net income Q3 2024 $38.2M vs $36.9M Q3 2023; pre-tax pre-provision income $52.0M (+17.6%).
- Nine-month 2024 net income $112.8M (+10.3%); pre-tax pre-provision $148.0M (+18.4%).
- Net interest income nine-month $294.6M (+5.9%); loans up 5.2% to $7.73B; deposits down 0.4%.
- Provision for credit losses $10.6M vs $1.1M, including $1.7M for Hurricane Helene.
- Efficiency ratio improved to 61.38% from 64.29%; annualized ROA 1.53% vs 1.37%.