Skip to Main Content

Glossary

Login Menu
Close
Loading Branch
Looking for a location near you?

Simply click the target to find your nearest banking office or enter your ZIP code and press search.


Park National Corporation reports financial results for second quarter and first half of 2018

July 24, 2018

NEWARK, Ohio – Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the second quarter and first half of 2018 (three and six months ended June 30, 2018). Park’s board of directors also declared a quarterly cash dividend of $0.96 per common share, payable on September 10, 2018 to common shareholders of record as of August 17, 2018.

Park’s net income for the second quarter of 2018 was $28.2 million, a 48.4 percent increase from $19.0 million for the second quarter of 2017. Second quarter 2018 net income per diluted common share was $1.83, compared to $1.24 in the second quarter of 2017. Park’s net income for the six months ended 2018 was $59.4 million, a 51.1 percent increase from $39.3 million for the six months ended 2017. Six months ended 2018 net income per diluted common share was $3.85, compared to $2.55 for the six months ended 2017. Increased net interest income, steady fee income, benefits from credit recoveries, decreased loan loss provision, federal tax changes, and other factors all contributed to Park’s net income results in the second quarter.

“We continue to focus on long-term plans to fuel and sustain loan growth and strong overall performance,” said Park Chief Executive Officer David L. Trautman. “We celebrated NewDominion Bank officially joining our organization on July 1st, and everyone is engaged in further fortifying that relationship and ensuring a smooth transition.”

Park’s community-banking subsidiary, The Park National Bank, reported net income of $28.8 million for the second quarter of 2018, compared to $20.2 million for the second quarter of 2017 and $55.5 million for the six months ended 2018, compared to $41.6 million for the six months ended 2017.

View the safe harbor statement, full disclosures, and financial tables.

Previous Post: NewDominion Bank joins Park National organization Learn More

Next Post: Carolina Alliance announces plan to join Park National organization in 2019 Learn More

Ready to get started?
Contact Us Anytime 740-653-7242
Happy business team in meeting
3 Benefits of our Retirement Plan Services

The best possible retirement plan for your employees is a critical factor in attracting and…

Learn More

A group of smooth stones depicting retirement zen
There are many reasons to celebrate a Roth

A Roth savings option can and should be a part of a retirement planning conversation.…

Learn More

design and furniture in modern patio
How does your garden (or patio or deck or sunroom) grow?

There’s nothing wrong with scrimping and saving for that home improvement project or tractor mower…

Learn More