secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0000805676-24-000116
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park National reports Q3 net income $38.2M (+3.5% YoY); nine-month net income $112.8M (+10.3%)
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567624000116/0000805676-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567624000116/prk-20241028.htm
  HTML page:      https://secwatch.observer/filing/0000805676-24-000116

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