Park National Q1 net income down 1.1% to $41.7M; First Citizens acquisition boosts balance sheet

PARK NATIONAL CORP /OH/

2026-Q1 EPS reported $2.39 revenue$188,505,000

Net income of $41.7M vs $42.2M a year ago; PTPP income up 4.6% to $54.3M.
First Citizens acquisition closed Feb 1, 2026: $324M deal added $2.6B assets, $1.6B loans, $2.2B deposits.
Net interest income rose 20.5% to $125.8M, driven by $1.26B avg loan growth including First Citizens.
Merger-related expenses totaled $15.5M in Q1; efficiency ratio worsened to 65.52% from 59.79%.
Total deposits grew 34.1% to $11.0B; loan portfolio reached $9.67B, up 22.6% YoY.

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Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PARK NATIONAL CORP /OH/ reported financial results for the three months ended March 31, 2026.

Period: the three months ended March 31, 2026
Result: reported results

Exact text from the filing

On April 24, 2026, Park National Corporation (“Park”) issued a news release (the “Financial Results News Release”) announcing financial results for the three months ended March 31, 2026.

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Source: SEC EDGAR

accession 0000805676-26-000031

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