Park National Corporation (PRK)

Park National Corp. reported strong Q3 2025 financial results, with net income increasing by 23.4% to $47.2 million. The company declared a regular quarterly cash dividend of $1.07 per common share and a special one-time dividend of $1.25 per common share. Park National Corporation signed a definitive merger agreement to acquire First Citizens Bancshares, Inc. in an all-stock transaction valued at approximately $317.3 million.

The banking industry experiences seasonal trends in loan demand, typically lower in late January and February, increasing through July, peaking in August or September, and decreasing until December. Park National Corp. is likely to experience similar seasonal patterns in loan and deposit activity.

Park National Corp. is a financial holding company operating through Park National Bank, focusing on regional banking. It offers financial solutions for consumers and businesses, including personal and business accounts, loans, wealth management, and digital banking services. The company also has specialty finance subsidiaries.

Park National Corp. operates in Ohio, Kentucky, North Carolina, and South Carolina, serving metropolitan areas like Columbus, Cincinnati, Charlotte, and Louisville. Following a merger with First Citizens Bancshares, Inc., it will expand into Tennessee, operating over 100 branches and loan production offices across these states.

Park National Corp. maintains a strong brand reputation through customer satisfaction and community involvement, emphasizing a relationship-driven business model. Park National Bank was recognized by Forbes as one of "America's Best Banks in Each State" for Ohio in 2021.

Institutional shareholders own 54.87% of Park National Corp.'s stock, retail investors own 33.44%, and insiders hold 11.69%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and State Street Corp. The largest individual shareholder is Gilbert Reese, owning 3.19% of the company.