Park National Q2 net income $58.8M, up 22% YoY; First Citizens acquisition boosts results

PARK NATIONAL CORP /OH/

Net income $58.8M in Q2 2026 vs $48.1M in Q2 2025 (+22.1%); H1 net income $100.4M vs $90.3M (+11.3%).
Net interest income H1 $264.6M, up 24% YoY, driven by $1.51B increase in average loans and First Citizens acquisition.
First Citizens acquisition closed Feb 1, 2026; contributed $42.1M loan interest income, $6.9M other income, $24.7M expenses in H1; merger costs $19.6M.
Loans at June 30, 2026: $9.73B, up 20.9% from Dec 2025; deposits $10.67B, up 29.4%.
Efficiency ratio 60.65% vs 57.65% a year ago; return on avg assets 1.64% vs 1.81%.

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