Park National Q4 net income rises as loan and deposits increase

Overview

• Ohio-based bank's Q4 net income rose 10.4% yr/yr

• Net income per diluted share increased to $2.63 from $2.37 yr/yr

• Company anticipates closing First Citizens Bancshares acquisition on Feb 1, 2026

Outlook

• Company anticipates opportunities from First Citizens Bancshares acquisition closing on February 1, 2026

• Park National did not provide specific financial guidance for future quarters

Result Drivers

• LOAN AND DEPOSIT GROWTH - Park National attributed Q4 net income growth to solid loan and deposit increases, reflecting strong customer relationships

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Park National Corp is $180.00, about 12.5% above its January 23 closing price of $159.98

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX1fQ6Kd

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