Quarterly ResultJul 27, 2026, 04:19 PM
Park National Q2 Net Income +22.1% to $58.8M; Declares $1.10 Dividend
AI Summary
Park National Corporation reported strong financial results for the second quarter and first half of 2026, driven by its relationship-based banking model and the First Citizens merger. Net income for Q2 2026 rose 22.1% to $58.8 million, with diluted EPS increasing to $3.23. The company's board also declared a quarterly cash dividend of $1.10 per common share. The merger significantly contributed to a 20.9% increase in total loans and a 29.4% increase in total deposits during 2026.
Key Highlights
- Park National Q2 2026 net income was $58.8 million, a 22.1% increase YoY.
- Diluted EPS for Q2 2026 was $3.23, up from $2.97 in Q2 2025.
- Board declared a quarterly cash dividend of $1.10 per common share.
- Net income for H1 2026 was $100.4 million, an 11.3% increase YoY.
- Total loans increased $1.68 billion (20.9%) in 2026, including $1.58 billion from merger.
- Total deposits increased $2.43 billion (29.4%) in 2026, including $2.22 billion from merger.
- Q2 2026 included $4.1 million in expenses related to the First Citizens merger.
Price Impact
More from PRK