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

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: Transition of Jarvis & Gaumer at Century National Bank Learn More

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

Ready to get started?
Contact Us Anytime 740-454-2521 Email
The fundamentals of investment planning

Investing can seem complicated and confusing to many. This can often result in potential investors…

Learn More

When payment processors come calling, here’s what you should ask

It’s tempting to say yes when a new salesperson shows up at your business offering…

Learn More

Vacation on your 401(k)? It could cost you.

It’s time! Months, maybe years, of planning have led to this moment: the family is…

Learn More