Park National（PRK）株式概要パーク・ナショナル・コーポレーションは、米国の中小人口地域で商業銀行業務と信託サービスを提供するパーク・ナショナル銀行の銀行持株会社として運営されている。 詳細PRK ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績4/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より27.1%で取引されている 収益は年間14.58%増加すると予測されています 過去5年間の収益は年間2.2%増加しました。 2.59%の安定した配当金を支払う リスク分析リスクチェックの結果、PRK 、リスクは検出されなかった。すべてのリスクチェックを見るPRK Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$169.5820.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0942m2016201920222025202620282031Revenue US$942.3mEarnings US$295.3mAdvancedSet Fair ValueView all narrativesPark National Corporation 競合他社TowneBankSymbol: NasdaqGS:TOWNMarket cap: US$3.2bSeacoast Banking Corporation of FloridaSymbol: NasdaqGS:SBCFMarket cap: US$2.9bFirst Financial BancorpSymbol: NasdaqGS:FFBCMarket cap: US$3.2bBankUnitedSymbol: NYSE:BKUMarket cap: US$3.4b価格と性能株価の高値、安値、推移の概要Park National過去の株価現在の株価US$169.5852週高値US$179.4852週安値US$149.06ベータ0.701ヶ月の変化-0.90%3ヶ月変化-3.18%1年変化4.60%3年間の変化66.68%5年間の変化34.03%IPOからの変化1,050.54%最新ニュースライブニュース • May 19Park National Tops Q4 Estimates With Dividend Hike and Special Payout AnnouncedPark National Corporation reported Q4 earnings that came in above expectations. The company announced a dividend increase alongside its Q4 results. Management also declared a special dividend in addition to the regular payout for Q3 2025. The combination of an earnings beat and both higher regular dividends and a special dividend reflects management’s current confidence in the company’s financial position and cash generation. For income-focused investors, the updated dividend profile and the timing of the special dividend in Q3 2025 are important details to factor into return expectations and portfolio cash flow planning.Declared Dividend • Apr 29First quarter dividend of US$1.10 announcedShareholders will receive a dividend of US$1.10. Ex-date: 15th May 2026 Payment date: 10th June 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 27Park National Corporation Announces Net Charge Offs Charges for the First Quarter Ended March 31, 2026Park National Corporation announced net charge offs charges for the first quarter ended March 31, 2026. For the period, the company reported Net charge-offs (recoveries) of $2,628,000 against $592,000 a year ago.お知らせ • Apr 26Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2026Park National Corporation's board of directors declared a quarterly cash dividend of $1.10 per common share, payable on June 10, 2026, to common shareholders of record as of May 15, 2026.Reported Earnings • Apr 26First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: US$2.40 (down from US$2.61 in 1Q 2025). Revenue: US$156.8m (up 21% from 1Q 2025). Net income: US$41.7m (down 1.1% from 1Q 2025). Profit margin: 27% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 10Park National Corporation, Annual General Meeting, Apr 27, 2026Park National Corporation, Annual General Meeting, Apr 27, 2026.最新情報をもっと見るRecent updatesライブニュース • May 19Park National Tops Q4 Estimates With Dividend Hike and Special Payout AnnouncedPark National Corporation reported Q4 earnings that came in above expectations. The company announced a dividend increase alongside its Q4 results. Management also declared a special dividend in addition to the regular payout for Q3 2025. The combination of an earnings beat and both higher regular dividends and a special dividend reflects management’s current confidence in the company’s financial position and cash generation. For income-focused investors, the updated dividend profile and the timing of the special dividend in Q3 2025 are important details to factor into return expectations and portfolio cash flow planning.Declared Dividend • Apr 29First quarter dividend of US$1.10 announcedShareholders will receive a dividend of US$1.10. Ex-date: 15th May 2026 Payment date: 10th June 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 27Park National Corporation Announces Net Charge Offs Charges for the First Quarter Ended March 31, 2026Park National Corporation announced net charge offs charges for the first quarter ended March 31, 2026. For the period, the company reported Net charge-offs (recoveries) of $2,628,000 against $592,000 a year ago.お知らせ • Apr 26Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2026Park National Corporation's board of directors declared a quarterly cash dividend of $1.10 per common share, payable on June 10, 2026, to common shareholders of record as of May 15, 2026.Reported Earnings • Apr 26First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: US$2.40 (down from US$2.61 in 1Q 2025). Revenue: US$156.8m (up 21% from 1Q 2025). Net income: US$41.7m (down 1.1% from 1Q 2025). Profit margin: 27% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 10Park National Corporation, Annual General Meeting, Apr 27, 2026Park National Corporation, Annual General Meeting, Apr 27, 2026.Reported Earnings • Feb 27Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$11.18 (up from US$9.38 in FY 2024). Revenue: US$545.7m (up 7.8% from FY 2024). Net income: US$180.1m (up 19% from FY 2024). Profit margin: 33% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.75% (up from 4.41% in FY 2024). Cost-to-income ratio: 57.0% (down from 61.6% in FY 2024). Non-performing loans: 0.86% (down from 0.89% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.Upcoming Dividend • Feb 13Upcoming dividend of US$1.10 per shareEligible shareholders must have bought the stock before 20 February 2026. Payment date: 10 March 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (2.3%).Major Estimate Revision • Feb 05Consensus EPS estimates increase by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$647.0m to US$668.6m. EPS estimate increased from US$9.42 to US$11.18 per share. Net income forecast to grow 11% next year vs 14% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$182. Share price rose 7.0% to US$175 over the past week.お知らせ • Feb 03+ 1 more updatePark National Corporation and the Park National Bank Announce Board Changes, Effective February 1, 2026Park National Corporation announced that on February 1, 2026, it successfully completed its previously announced merger transaction with First Citizens Bancshares Inc. Also effective February 1, 2026, Jeffrey D. Agee joined Park's Board of Directors and the Board of Directors of Park National Bank. On January 26, 2026, upon the unanimous recommendation of its Nominating and Corporate Governance Committee, the Board of Directors of Park appointed Jeffrey D. Agee to the Board contingent upon the closing of the merger. Mr. Agee was the CEO and Chairman of First Citizens at the time of the merger and will continue to lead the new Tennessee Region of Park.Declared Dividend • Jan 29Fourth quarter dividend of US$1.10 announcedShareholders will receive a dividend of US$1.10. Ex-date: 20th February 2026 Payment date: 10th March 2026 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.1% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 28Park National Corporation announces Quarterly dividend, payable on March 10, 2026Park National Corporation announced Quarterly dividend of USD 1.1000 per share payable on March 10, 2026, ex-date on February 20, 2026 and record date on February 20, 2026.Reported Earnings • Jan 27Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$11.18 (up from US$9.38 in FY 2024). Revenue: US$545.7m (up 7.8% from FY 2024). Net income: US$180.1m (up 19% from FY 2024). Profit margin: 33% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.お知らせ • Jan 27Park National Corporation Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2025Park National Corporation reported net loan charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported net loan charge-offs of $2,634,000 against $3,206,000 a year ago.お知らせ • Jan 06C. Daniel Delawder Announces Not Stand for Re-Election to the Board of Park National Corporation and The Park National BankOn December 29, 2025, C. Daniel DeLawder, who currently serves in the class of directors of Park National Corporation (“PRK”) and Park National Bank (“PNB”), (collectively ”Park”) whose term will expire at the 2026 Annual Meeting of Shareholders of Park (the "2026 Annual Meeting"), notified Park that he has decided to retire and not stand for re-election to the Board of Directors. Mr. DeLawder’s term as a director will expire immediately prior to the 2026 Annual Meeting. In addition to stepping down from his role as director, Mr. DeLawder will conclude his service as Chair of the Executive Committee of both PRK and PNB as well as Chair of the PNB Wealth Management Committee. Mr. DeLawder has demonstrated tremendous commitment and service to PRK and PNB, having served in many roles over his 55-year career, including a 15-year term as Park’s CEO. Mr. DeLawder was an advocate for PRK and PNB throughout his time with the bank.Upcoming Dividend • Nov 14Upcoming dividend of US$2.32 per shareEligible shareholders must have bought the stock before 21 November 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.5%).Declared Dividend • Oct 30Third quarter dividend of US$2.32 announcedShareholders will receive a dividend of US$2.32. Ex-date: 21st November 2025 Payment date: 10th December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (39% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 29+ 1 more updatePark National Corporation announces Quarterly dividend, payable on December 10, 2025Park National Corporation announced Quarterly dividend of USD 1.0700 per share payable on December 10, 2025, ex-date on November 21, 2025 and record date on November 21, 2025.Reported Earnings • Oct 28Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$2.93 (up from US$2.37 in 3Q 2024). Revenue: US$137.6m (up 4.0% from 3Q 2024). Net income: US$47.2m (up 23% from 3Q 2024). Profit margin: 34% (up from 29% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.お知らせ • Oct 28Park National Corporation (NYSEAM:PRK) entered into an agreement to acquire First Citizens Bancshares, Inc. (OTCPK:FIZN).Park National Corporation (NYSEAM:PRK) entered into an agreement to acquire First Citizens Bancshares, Inc. (OTCPK:FIZN) for approximately $320 million on October 27, 2025. FIZN shareholders will have the right to receive 0.52 shares of Park common stock for each share of FIZN common stock owned. A termination fee of $12.5 million will be payable by First Citizens to Park following termination of the Merger Agreement under certain circumstances. Transaction is subject to satisfaction of customary closing conditions, approval of boards of directors of Park and First Citizens, receipt of specified governmental consents and approvals that are necessary to consummate the transactions contemplated by the Merger Agreement, including from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, approval of First Citizens' shareholders, authorization for listing on the NYSE American stock exchange of the shares of Park Common Stock, effectiveness of the Registration Statement on Form S-4, termination or expiration of all applicable waiting periods in respect thereof, the accuracy of the representations and warranties of the other party, performance in all material respects by the other party of its obligations under the Merger Agreement, receipt by such party of an opinion from counsel to the effect that the Merger will qualify as a reorganization, delivery of a Foreign Investment and Real Property Tax Act, execution of certain employment agreements and voting agreements and appraisal demands not exceeding 7.5% of the outstanding shares of First Citizens common stock. The Merger Agreement has been unanimously approved by the boards of directors of Park and First Citizens and is expected to close in the first quarter of 2026. Olsen Palmer LLC is serving as financial advisor and fairness opinion provider and Bruce E. Toppin, III of Husch Blackwell LLP served as legal advisor to First Citizens. Piper Sandler & Co. and Hovde Group, LLC are serving as financial advisors and James J. Barresi of Squire Patton Boggs (US) LLP served as legal advisor Park National.Declared Dividend • Jul 31Second quarter dividend of US$1.07 announcedShareholders will receive a dividend of US$1.07. Ex-date: 15th August 2025 Payment date: 10th September 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.9% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jul 30Park National Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2025Park National Corporation's board of directors declared a quarterly cash dividend of $1.07 per common share, payable on September 10, 2025, to common shareholders of record as of August 15, 2025.Reported Earnings • Jul 29Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$2.98 (up from US$2.44 in 2Q 2024). Revenue: US$138.3m (up 12% from 2Q 2024). Net income: US$48.1m (up 22% from 2Q 2024). Profit margin: 35% (up from 32% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 29Park National Corporation and The Park National Bank Announce CEO Changes, Effective January 1, 2026At a meeting held on July 28, 2025, the Board of Directors of Park National Corporation (“Park”) unanimously elected Matthew R. Miller to succeed David L. Trautman as the Chief Executive Officer of each of Park and its wholly-owned subsidiary, The Park National Bank (“PNB”), effective January 1, 2026. At such time, Mr. Trautman, who is currently serving as Chairman of the Board of Directors and Chief Executive Officer of each of Park and PNB, will continue his service as Chair of both Boards of Directors. Mr. Miller, 47, has served as President and a director of each of Park and PNB since May 2019. As part of its succession planning, Park’s board of directors conducted a thorough evaluation before proposing Miller as the organization’s next CEO. The board voted to approve his appointment in its July 28 session. The transition reflects the board’s commitment to strong governance and leadership continuity. Miller has served as Park’s president since 2019. Trautman has served in various leadership roles at Park for 42 years, including President from 2005 through 2019, CEO since 2014 and Board Chair since 2019. Under their combined leadership, Park has grown to reach more customers and communities by empowering bankers to deliver on Park’s promise of providing exceptional service with empathy and integrity. A native of New Madison, Ohio, Miller joined Park in 2009 and has held several key leadership roles, including Chief Accounting Officer, Executive Vice President and currently President. Prior to joining Park, he worked at Deloitte LLP in the Cleveland and Columbus, Ohio offices. He is deeply committed to community service, having served on more than a dozen nonprofit and civic boards over the past decade, including the Ohio Bankers League, The Works, the Boys and Girls Club of Newark and the Buckeye Valley Family YMCA.Declared Dividend • May 01First quarter dividend of US$1.07 announcedShareholders will receive a dividend of US$1.07. Ex-date: 16th May 2025 Payment date: 10th June 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.Reported Earnings • Apr 27First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$2.61 (up from US$2.18 in 1Q 2024). Revenue: US$129.4m (up 8.1% from 1Q 2024). Net income: US$42.2m (up 20% from 1Q 2024). Profit margin: 33% (up from 29% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Apr 26Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2025Park National Corporation's board of directors declared a quarterly cash dividend of $1.07 per common share, payable on June 10, 2025, to common shareholders of record as of May 16, 2025.お知らせ • Mar 10Mark R. Ramser to Not Stand from Re-Election to the Board of Directors of Park National CorporationPark National Corporation announced on January 27, 2025, Mark R. Ramser, who currently serves in the class of Park directors whose terms are to expire at the 2025 Annual Meeting, notified Park that he has decided to retire as a Park director and, thus, will not stand for re-election to the Board of Directors at the Annual Meeting.Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.38 (up from US$7.84 in FY 2023). Revenue: US$506.1m (up 9.3% from FY 2023). Net income: US$151.4m (up 20% from FY 2023). Profit margin: 30% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.41% (up from 4.11% in FY 2023). Cost-to-income ratio: 61.3% (down from 64.3% in FY 2023). Non-performing loans: 0.89% (up from 0.82% in FY 2023). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Feb 24Park National Corporation, Annual General Meeting, Apr 28, 2025Park National Corporation, Annual General Meeting, Apr 28, 2025.Declared Dividend • Jan 30Fourth quarter dividend of US$1.07 announcedShareholders will receive a dividend of US$1.07. Ex-date: 14th February 2025 Payment date: 10th March 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (48% forecast payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 4.3% over the next 2 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Jan 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.38 (up from US$7.84 in FY 2023). Revenue: US$506.1m (up 9.3% from FY 2023). Net income: US$151.4m (up 20% from FY 2023). Profit margin: 30% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.41% (up from 4.11% in FY 2023). Cost-to-income ratio: 61.3% (down from 64.3% in FY 2023). Non-performing loans: 0.89% (up from 0.82% in FY 2023). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Price Target Changed • Dec 04Price target increased by 12% to US$181Up from US$162, the current price target is an average from 2 analysts. New target price is 5.8% below last closing price of US$192. Stock is up 61% over the past year. The company is forecast to post earnings per share of US$9.19 for next year compared to US$7.84 last year.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$198, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Banks industry in the US. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$265 per share.Declared Dividend • Nov 01Third quarter dividend of US$1.56 announcedShareholders will receive a dividend of US$1.56. Ex-date: 15th November 2024 Payment date: 10th December 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be well covered in 3 years' time (49% forecast payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Oct 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$2.37 (up from US$2.29 in 3Q 2023). Revenue: US$132.3m (up 7.1% from 3Q 2023). Net income: US$38.2m (up 3.5% from 3Q 2023). Profit margin: 29% (down from 30% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Oct 29+ 1 more updatePark National Corporation Declares Special One-Time Dividend, Payable on December 10, 2024The board of directors of Park National Corporation declared a special one-time dividend of $0.50 per common share, payable on December 10, 2024, to common shareholders of record as of November 15, 2024.Upcoming Dividend • Aug 09Upcoming dividend of US$1.06 per shareEligible shareholders must have bought the stock before 16 August 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (3.0%).Recent Insider Transactions • Aug 02Independent Director recently sold US$2.2m worth of stockOn the 29th of July, Mark Ramser sold around 12k shares on-market at roughly US$180 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months.Major Estimate Revision • Jul 29Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$485.3m to US$504.0m. EPS estimate increased from US$8.18 to US$9.08 per share. Net income forecast to grow 2.4% next year vs 6.8% growth forecast for Banks industry in the US. Consensus price target up from US$132 to US$163. Share price rose 9.1% to US$186 over the past week.Buy Or Sell Opportunity • Jul 26Now 21% undervaluedOver the last 90 days, the stock has risen 38% to US$186. The fair value is estimated to be US$235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.8%. Revenue is forecast to grow by 6.7% in a year. Earnings are forecast to grow by 2.4% in the next year.Declared Dividend • Jul 25Second quarter dividend of US$1.06 announcedShareholders will receive a dividend of US$1.06. Ex-date: 16th August 2024 Payment date: 10th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.9% over the next year. However, it would need to fall by 44% to increase the payout ratio to a potentially unsustainable range.Price Target Changed • Jul 23Price target increased by 16% to US$153Up from US$132, the current price target is an average from 2 analysts. New target price is 17% below last closing price of US$184. Stock is up 72% over the past year. The company is forecast to post earnings per share of US$8.24 for next year compared to US$7.84 last year.お知らせ • Jul 23+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2024Park National Corporation's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on September 10, 2024, to common shareholders of record as of August 16, 2024.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$168, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$240 per share.お知らせ • May 24Park National Corporation Announces Board of Directors Appointments, Effective July 1, 2024Park National Corporation announced board of directors elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park’s banking subsidiary, effective on the same date. These elections expand Park’s board to 16 directors, including one director emeritus. Gratz has been a member of the Healthcare Women’s Business Association’s (HBA) advisory board (Ohio chapter), and the vice chair on Marburn Academy’s board of trustees. She was named Rising Star by the HBA in 2008 and recognized in PharmaVoice Top 100 in 2012. Gratz earned a bachelor’s degree from the University of Dayton . Karen Morrison serves as president of the OhioHealth Foundation and senior vice president of OhioHealth Corporation. She has been with OhioHealth for over 30 years and currently leads the enterprise strategy for external affairs including community relations, corporate reinvestment, health equity and government affairs. In her role as foundation president Morrison oversees philanthropy for the enterprise. Morrison serves on the board of Greif Inc. (NYSE: GEF), and has extensive nonprofit board service. She is a member of the National Association of Corporate Directors, Women Corporate Directors, the Executive Leadership Council and The Links Inc. Morrison was honored in the inaugural class of Columbus Business First’s “Women of Influence” and received its first “Businesswoman of the Year” award. She was also named to the 2023 list of “Directors to Watch” by Directors & Boards Magazine. She earned a bachelor’s degree from Vanderbilt University, a graduate degree in preventive medicine from The Ohio State University College of Medicine and Public Health and juris doctor from Capital University. Morrison will serve in the class of directors whose terms expire on the date of Park’s annual meeting of shareholders in 2026. Gratz’s term will expire on the date of Park’s annual meeting of shareholders in 2027. They will both serve as members of the board’s Risk Committee.Declared Dividend • Apr 24First quarter dividend of US$1.06 announcedShareholders will receive a dividend of US$1.06. Ex-date: 16th May 2024 Payment date: 10th June 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.3% over the next year. However, it would need to fall by 41% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Apr 22First quarter 2024 earnings released: EPS: US$2.18 (vs US$2.08 in 1Q 2023)First quarter 2024 results: EPS: US$2.18 (up from US$2.08 in 1Q 2023). Revenue: US$119.6m (up 2.8% from 1Q 2023). Net income: US$35.2m (up 4.4% from 1Q 2023). Profit margin: 29% (in line with 1Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 05Park National Corporation, Annual General Meeting, Apr 22, 2024Park National Corporation, Annual General Meeting, Apr 22, 2024, at 14:00 Eastern Daylight. Agenda: To elect four directors, each to serve for a term of three years to expire at the Annual Meeting of Shareholders to be held in 2027, and until such individual’s successor is duly elected and qualified, or until such individual’s earlier resignation, removal from office or death; To conduct an advisory vote on the frequency of future advisory votes on the compensation of Park’s named executive officers; To consider and vote upon a non-binding advisory resolution to approve the compensation of Park’s named executive officers as disclosed in the accompanying proxy statement for the Annual Meeting; To consider and vote upon a proposal to ratify the appointment of Crowe LLP as the independent registered public accounting firm of Park for the fiscal year ending December 31, 2024; and to discuss other matters.Reported Earnings • Feb 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$7.84 (down from US$9.13 in FY 2022). Revenue: US$462.8m (down 3.3% from FY 2022). Net income: US$126.7m (down 15% from FY 2022). Profit margin: 27% (down from 31% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.Price Target Changed • Feb 25Price target increased by 7.2% to US$129Up from US$120, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$128. Stock is up 0.8% over the past year. The company is forecast to post earnings per share of US$7.60 for next year compared to US$7.84 last year.Upcoming Dividend • Feb 08Upcoming dividend of US$1.06 per share at 3.3% yieldEligible shareholders must have bought the stock before 15 February 2024. Payment date: 08 March 2024. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.3%).Price Target Changed • Feb 07Price target increased by 7.6% to US$128Up from US$119, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$128. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of US$7.64 for next year compared to US$7.84 last year.Declared Dividend • Jan 25Fourth quarter dividend of US$1.06 announcedShareholders will receive a dividend of US$1.06. Ex-date: 15th February 2024 Payment date: 8th March 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (56% forecast payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.7% over the next 2 years. However, it would need to fall by 40% to increase the payout ratio to a potentially unsustainable range.Price Target Changed • Jan 24Price target increased by 7.6% to US$120Up from US$112, the current price target is an average from 2 analysts. New target price is 8.6% below last closing price of US$131. Stock is up 9.0% over the past year. The company is forecast to post earnings per share of US$7.55 for next year compared to US$7.84 last year.Reported Earnings • Jan 23Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$7.84 (down from US$9.13 in FY 2022). Revenue: US$462.8m (down 3.3% from FY 2022). Net income: US$126.7m (down 15% from FY 2022). Profit margin: 27% (down from 31% in FY 2022). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 4.11% (up from 3.80% in FY 2022). Cost-to-income ratio: 64.3% (up from 62.8% in FY 2022). Non-performing loans: 0.82% (down from 1.42% in FY 2022). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Price Target Changed • Jan 10Price target increased by 8.2% to US$119Up from US$110, the current price target is an average from 2 analysts. New target price is 7.3% below last closing price of US$128. Stock is down 9.1% over the past year. The company is forecast to post earnings per share of US$8.01 for next year compared to US$9.13 last year.Upcoming Dividend • Nov 09Upcoming dividend of US$1.05 per share at 4.0% yieldEligible shareholders must have bought the stock before 16 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (5.1%). In line with average of industry peers (3.8%).Reported Earnings • Oct 24Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$2.29 (down from US$2.59 in 3Q 2022). Revenue: US$123.6m (down 8.0% from 3Q 2022). Net income: US$36.9m (down 12% from 3Q 2022). Profit margin: 30% (down from 31% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.お知らせ • Oct 24+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on December 8, 2023Park National Corporation's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on December 8, 2023, to common shareholders of record as of November 17, 2023.Upcoming Dividend • Aug 10Upcoming dividend of US$1.05 per share at 3.8% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%).Reported Earnings • Jul 25Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$1.95 (down from US$2.11 in 2Q 2022). Revenue: US$114.1m (up 1.7% from 2Q 2022). Net income: US$31.6m (down 8.0% from 2Q 2022). Profit margin: 28% (down from 31% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 25+ 1 more updatePark National Corporation Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023Park National Corporation reported net loan charge-offs for the second quarter ended June 30, 2023. For the quarter, the company reported net loan charge-offs of $1,232,000 against $404,000 a year ago.Price Target Changed • Jun 04Price target decreased by 12% to US$109Down from US$124, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$108. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$8.04 for next year compared to US$9.13 last year.Recent Insider Transactions • May 17Director recently bought US$63k worth of stockOn the 8th of May, Charles DeLawder bought around 600 shares on-market at roughly US$105 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Upcoming Dividend • May 11Upcoming dividend of US$1.05 per share at 4.1% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (5.2%). In line with average of industry peers (3.8%).Recent Insider Transactions Derivative • May 06CEO & Chairman of the Board exercised options and sold US$123k worth of stockOn the 28th of April, David Trautman exercised options to acquire 2k shares at no cost and sold these for an average price of US$55.45 per share. This trade did not impact their existing holding. For the year to December 2016, David's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, David's direct individual holding has increased from 71.07k shares to 73.48k. Company insiders have collectively sold US$350k more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • May 03First quarter 2023 earnings: EPS in line with expectations, revenues disappointFirst quarter 2023 results: EPS: US$2.08 (down from US$2.40 in 1Q 2022). Revenue: US$116.4m (up 2.2% from 1Q 2022). Net income: US$33.7m (down 13% from 1Q 2022). Profit margin: 29% (down from 34% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.Recent Insider Transactions Derivative • Apr 06CEO & Chairman of the Board exercised options and sold US$123k worth of stockOn the 31st of March, David Trautman exercised options to acquire 1k shares at no cost and sold these for an average price of US$119 per share. This trade did not impact their existing holding. For the year to December 2016, David's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, David's direct individual holding has increased from 70.59k shares to 71.07k. Company insiders have collectively sold US$579k more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Mar 07Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: US$9.13 (down from US$9.45 in FY 2021). Revenue: US$478.4m (up 1.4% from FY 2021). Net income: US$148.4m (down 3.6% from FY 2021). Profit margin: 31% (down from 33% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year.Upcoming Dividend • Feb 09Upcoming dividend of US$1.05 per share at 3.3% yieldEligible shareholders must have bought the stock before 16 February 2023. Payment date: 10 March 2023. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.9%).Reported Earnings • Jan 25Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: US$9.13 (down from US$9.45 in FY 2021). Revenue: US$478.4m (up 1.4% from FY 2021). Net income: US$148.4m (down 3.6% from FY 2021). Profit margin: 31% (down from 33% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 24+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on March 10, 2023Park National Corporation board of directors declared a quarterly cash dividend of $1.05 per common share, payable on March 10, 2023 to common shareholders of record as of February 17, 2023.Buying Opportunity • Jan 03Now 20% undervaluedOver the last 90 days, the stock is up 7.5%. The fair value is estimated to be US$174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 4.7% in 2 years. Earnings is forecast to decline by 6.3% in the next 2 years.Buying Opportunity • Dec 02Now 20% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be US$186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 4.6% in 2 years. Earnings is forecast to decline by 6.6% in the next 2 years.Upcoming Dividend • Nov 10Upcoming dividend of US$1.54 per shareEligible shareholders must have bought the stock before 17 November 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (3.0%).Reported Earnings • Oct 26Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$2.59 (up from US$2.18 in 3Q 2021). Revenue: US$134.3m (up 20% from 3Q 2021). Net income: US$42.1m (up 19% from 3Q 2021). Profit margin: 31% (in line with 3Q 2021). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year.お知らせ • Oct 25+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on December 9, 2022Park National Corporation's board of directors declared a quarterly cash dividend of $1.04 per common share in respect of Park's common shares, payable on December 9, 2022 to common shareholders of record as of November 18, 2022.Buying Opportunity • Sep 13Now 22% undervaluedOver the last 90 days, the stock is up 8.0%. The fair value is estimated to be US$166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 2.5% in a year. Earnings is forecast to grow by 1.4% in the next year.Upcoming Dividend • Aug 11Upcoming dividend of US$1.04 per shareEligible shareholders must have bought the stock before 18 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (3.0%).Reported Earnings • Jul 27Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: US$2.11 (down from US$2.40 in 2Q 2021). Revenue: US$112.1m (down 5.9% from 2Q 2021). Net income: US$34.3m (down 12% from 2Q 2021). Profit margin: 31% (down from 33% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 1.7%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 27Park National Corporation Declares Quarterly Cash Dividend, Payable on September 9, 2022Park National Corporation's board of directors declared a quarterly cash dividend of $1.04 per common share, payable on September 9, 2022 to common shareholders of record as of August 19, 2022.Upcoming Dividend • May 12Upcoming dividend of US$1.04 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.1%). Higher than average of industry peers (3.0%).Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$2.40 (down from US$2.63 in 1Q 2021). Revenue: US$113.9m (down 4.8% from 1Q 2021). Net income: US$38.9m (down 9.2% from 1Q 2021). Profit margin: 34% (down from 36% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Over the next year, revenue is expected to shrink by 2.2% compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 23First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$2.40 (down from US$2.63 in 1Q 2021). Revenue: US$113.9m (down 4.8% from 1Q 2021). Net income: US$38.9m (down 9.2% from 1Q 2021). Profit margin: 34% (down from 36% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Over the next year, revenue is expected to shrink by 1.3% compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 23Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2022Park National Corporation (Park) declared a quarterly cash dividend of $1.04 per common share, payable on June 10, 2022 to common shareholders of record as of May 20, 2022.Recent Insider Transactions Derivative • Apr 07CEO & Chairman of the Board exercised options and sold US$82k worth of stockOn the 31st of March, David Trautman exercised options to acquire 622 shares at no cost and sold these for an average price of US$131 per share. This trade did not impact their existing holding. For the year to December 2015, David's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, David has owned 68.35k shares directly. Company insiders have collectively sold US$229k more than they bought, via options and on-market transactions in the last 12 months.株主還元PRKUS BanksUS 市場7D3.5%3.2%1.0%1Y4.6%22.4%28.7%株主還元を見る業界別リターン: PRK過去 1 年間で22.4 % の収益を上げたUS Banks業界を下回りました。リターン対市場: PRKは、過去 1 年間で28.7 % のリターンを上げたUS市場を下回りました。価格変動Is PRK's price volatile compared to industry and market?PRK volatilityPRK Average Weekly Movement3.7%Banks Industry Average Movement3.5%Market Average Movement7.2%10% most volatile stocks in US Market16.4%10% least volatile stocks in US Market3.1%安定した株価: PRK 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: PRKの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19081,693Matt Millerinvestor.parknationalcorp.comパーク・ナショナル・コーポレーションはパーク・ナショナル・バンクの銀行持株会社として、米国の中小人口地域で商業銀行業務と信託サービスを提供している。要求払い口座、貯蓄口座、定期口座の預金、信託および資産管理サービス、キャッシュ・マネジメント・サービス、貸金業務、電子送金、請求書支払サービスを備えたインターネットおよびモバイル・バンキング・ソリューション、クレジットカード、その他様々な銀行関連サービスを提供している。また、工業用・商業用不動産、設備、在庫、売掛債権に対する融資、買収資金調達、商業リース、消費者金融会社向け融資などの商業用ローン、商業用不動産の開発業者や所有者への住宅ローンから成る商業用不動産ローン、主に商用車、営業・製造設備、自治体の車両・設備購入のためのファイナンス・リースの組成、自動車、レクリエーション用車両、水上バイクのローンなどの消費者ローン、消費者金融サービス、ホーム・エクイティ・ライン・オブ・クレジット、住宅用不動産・建設ローン、分割払いローン、商業用ローンも提供している。さらに、航空機のファイナンス・サービス、個人向けバンキング・アプリケーションであるパークダイレクトも提供している。パーク・ナショナル・コーポレーションは1908年に設立され、オハイオ州ニューアークに本社を置いている。もっと見るPark National Corporation 基礎のまとめPark National の収益と売上を時価総額と比較するとどうか。PRK 基礎統計学時価総額US$3.06b収益（TTM）US$179.60m売上高(TTM)US$573.17m17.1xPER（株価収益率1.8xPBR（株価純資産倍率PRK は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計PRK 損益計算書（TTM）収益US$573.17m売上原価US$0売上総利益US$573.17mその他の費用US$393.57m収益US$179.60m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）9.92グロス・マージン100.00%純利益率31.33%有利子負債／自己資本比率8.9%PRK の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.6%現在の配当利回り39%配当性向PRK 配当は確実ですか？PRK 配当履歴とベンチマークを見るPRK 、いつまでに購入すれば配当金を受け取れますか？Park National 配当日配当落ち日May 15 2026配当支払日Jun 10 2026配当落ちまでの日数9 days配当支払日までの日数17 daysPRK 配当は確実ですか？PRK 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 18:31終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Park National Corporation 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関Damon DelMonteKeefe, Bruyette, & WoodsJason RenMorningstar Inc.Nathan RacePiper Sandler Companies5 その他のアナリストを表示
ライブニュース • May 19Park National Tops Q4 Estimates With Dividend Hike and Special Payout AnnouncedPark National Corporation reported Q4 earnings that came in above expectations. The company announced a dividend increase alongside its Q4 results. Management also declared a special dividend in addition to the regular payout for Q3 2025. The combination of an earnings beat and both higher regular dividends and a special dividend reflects management’s current confidence in the company’s financial position and cash generation. For income-focused investors, the updated dividend profile and the timing of the special dividend in Q3 2025 are important details to factor into return expectations and portfolio cash flow planning.
Declared Dividend • Apr 29First quarter dividend of US$1.10 announcedShareholders will receive a dividend of US$1.10. Ex-date: 15th May 2026 Payment date: 10th June 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 27Park National Corporation Announces Net Charge Offs Charges for the First Quarter Ended March 31, 2026Park National Corporation announced net charge offs charges for the first quarter ended March 31, 2026. For the period, the company reported Net charge-offs (recoveries) of $2,628,000 against $592,000 a year ago.
お知らせ • Apr 26Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2026Park National Corporation's board of directors declared a quarterly cash dividend of $1.10 per common share, payable on June 10, 2026, to common shareholders of record as of May 15, 2026.
Reported Earnings • Apr 26First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: US$2.40 (down from US$2.61 in 1Q 2025). Revenue: US$156.8m (up 21% from 1Q 2025). Net income: US$41.7m (down 1.1% from 1Q 2025). Profit margin: 27% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 10Park National Corporation, Annual General Meeting, Apr 27, 2026Park National Corporation, Annual General Meeting, Apr 27, 2026.
ライブニュース • May 19Park National Tops Q4 Estimates With Dividend Hike and Special Payout AnnouncedPark National Corporation reported Q4 earnings that came in above expectations. The company announced a dividend increase alongside its Q4 results. Management also declared a special dividend in addition to the regular payout for Q3 2025. The combination of an earnings beat and both higher regular dividends and a special dividend reflects management’s current confidence in the company’s financial position and cash generation. For income-focused investors, the updated dividend profile and the timing of the special dividend in Q3 2025 are important details to factor into return expectations and portfolio cash flow planning.
Declared Dividend • Apr 29First quarter dividend of US$1.10 announcedShareholders will receive a dividend of US$1.10. Ex-date: 15th May 2026 Payment date: 10th June 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 27Park National Corporation Announces Net Charge Offs Charges for the First Quarter Ended March 31, 2026Park National Corporation announced net charge offs charges for the first quarter ended March 31, 2026. For the period, the company reported Net charge-offs (recoveries) of $2,628,000 against $592,000 a year ago.
お知らせ • Apr 26Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2026Park National Corporation's board of directors declared a quarterly cash dividend of $1.10 per common share, payable on June 10, 2026, to common shareholders of record as of May 15, 2026.
Reported Earnings • Apr 26First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: US$2.40 (down from US$2.61 in 1Q 2025). Revenue: US$156.8m (up 21% from 1Q 2025). Net income: US$41.7m (down 1.1% from 1Q 2025). Profit margin: 27% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 10Park National Corporation, Annual General Meeting, Apr 27, 2026Park National Corporation, Annual General Meeting, Apr 27, 2026.
Reported Earnings • Feb 27Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$11.18 (up from US$9.38 in FY 2024). Revenue: US$545.7m (up 7.8% from FY 2024). Net income: US$180.1m (up 19% from FY 2024). Profit margin: 33% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.75% (up from 4.41% in FY 2024). Cost-to-income ratio: 57.0% (down from 61.6% in FY 2024). Non-performing loans: 0.86% (down from 0.89% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Feb 13Upcoming dividend of US$1.10 per shareEligible shareholders must have bought the stock before 20 February 2026. Payment date: 10 March 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (2.3%).
Major Estimate Revision • Feb 05Consensus EPS estimates increase by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$647.0m to US$668.6m. EPS estimate increased from US$9.42 to US$11.18 per share. Net income forecast to grow 11% next year vs 14% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$182. Share price rose 7.0% to US$175 over the past week.
お知らせ • Feb 03+ 1 more updatePark National Corporation and the Park National Bank Announce Board Changes, Effective February 1, 2026Park National Corporation announced that on February 1, 2026, it successfully completed its previously announced merger transaction with First Citizens Bancshares Inc. Also effective February 1, 2026, Jeffrey D. Agee joined Park's Board of Directors and the Board of Directors of Park National Bank. On January 26, 2026, upon the unanimous recommendation of its Nominating and Corporate Governance Committee, the Board of Directors of Park appointed Jeffrey D. Agee to the Board contingent upon the closing of the merger. Mr. Agee was the CEO and Chairman of First Citizens at the time of the merger and will continue to lead the new Tennessee Region of Park.
Declared Dividend • Jan 29Fourth quarter dividend of US$1.10 announcedShareholders will receive a dividend of US$1.10. Ex-date: 20th February 2026 Payment date: 10th March 2026 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.1% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 28Park National Corporation announces Quarterly dividend, payable on March 10, 2026Park National Corporation announced Quarterly dividend of USD 1.1000 per share payable on March 10, 2026, ex-date on February 20, 2026 and record date on February 20, 2026.
Reported Earnings • Jan 27Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$11.18 (up from US$9.38 in FY 2024). Revenue: US$545.7m (up 7.8% from FY 2024). Net income: US$180.1m (up 19% from FY 2024). Profit margin: 33% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
お知らせ • Jan 27Park National Corporation Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2025Park National Corporation reported net loan charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported net loan charge-offs of $2,634,000 against $3,206,000 a year ago.
お知らせ • Jan 06C. Daniel Delawder Announces Not Stand for Re-Election to the Board of Park National Corporation and The Park National BankOn December 29, 2025, C. Daniel DeLawder, who currently serves in the class of directors of Park National Corporation (“PRK”) and Park National Bank (“PNB”), (collectively ”Park”) whose term will expire at the 2026 Annual Meeting of Shareholders of Park (the "2026 Annual Meeting"), notified Park that he has decided to retire and not stand for re-election to the Board of Directors. Mr. DeLawder’s term as a director will expire immediately prior to the 2026 Annual Meeting. In addition to stepping down from his role as director, Mr. DeLawder will conclude his service as Chair of the Executive Committee of both PRK and PNB as well as Chair of the PNB Wealth Management Committee. Mr. DeLawder has demonstrated tremendous commitment and service to PRK and PNB, having served in many roles over his 55-year career, including a 15-year term as Park’s CEO. Mr. DeLawder was an advocate for PRK and PNB throughout his time with the bank.
Upcoming Dividend • Nov 14Upcoming dividend of US$2.32 per shareEligible shareholders must have bought the stock before 21 November 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.5%).
Declared Dividend • Oct 30Third quarter dividend of US$2.32 announcedShareholders will receive a dividend of US$2.32. Ex-date: 21st November 2025 Payment date: 10th December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (39% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 29+ 1 more updatePark National Corporation announces Quarterly dividend, payable on December 10, 2025Park National Corporation announced Quarterly dividend of USD 1.0700 per share payable on December 10, 2025, ex-date on November 21, 2025 and record date on November 21, 2025.
Reported Earnings • Oct 28Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$2.93 (up from US$2.37 in 3Q 2024). Revenue: US$137.6m (up 4.0% from 3Q 2024). Net income: US$47.2m (up 23% from 3Q 2024). Profit margin: 34% (up from 29% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Oct 28Park National Corporation (NYSEAM:PRK) entered into an agreement to acquire First Citizens Bancshares, Inc. (OTCPK:FIZN).Park National Corporation (NYSEAM:PRK) entered into an agreement to acquire First Citizens Bancshares, Inc. (OTCPK:FIZN) for approximately $320 million on October 27, 2025. FIZN shareholders will have the right to receive 0.52 shares of Park common stock for each share of FIZN common stock owned. A termination fee of $12.5 million will be payable by First Citizens to Park following termination of the Merger Agreement under certain circumstances. Transaction is subject to satisfaction of customary closing conditions, approval of boards of directors of Park and First Citizens, receipt of specified governmental consents and approvals that are necessary to consummate the transactions contemplated by the Merger Agreement, including from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, approval of First Citizens' shareholders, authorization for listing on the NYSE American stock exchange of the shares of Park Common Stock, effectiveness of the Registration Statement on Form S-4, termination or expiration of all applicable waiting periods in respect thereof, the accuracy of the representations and warranties of the other party, performance in all material respects by the other party of its obligations under the Merger Agreement, receipt by such party of an opinion from counsel to the effect that the Merger will qualify as a reorganization, delivery of a Foreign Investment and Real Property Tax Act, execution of certain employment agreements and voting agreements and appraisal demands not exceeding 7.5% of the outstanding shares of First Citizens common stock. The Merger Agreement has been unanimously approved by the boards of directors of Park and First Citizens and is expected to close in the first quarter of 2026. Olsen Palmer LLC is serving as financial advisor and fairness opinion provider and Bruce E. Toppin, III of Husch Blackwell LLP served as legal advisor to First Citizens. Piper Sandler & Co. and Hovde Group, LLC are serving as financial advisors and James J. Barresi of Squire Patton Boggs (US) LLP served as legal advisor Park National.
Declared Dividend • Jul 31Second quarter dividend of US$1.07 announcedShareholders will receive a dividend of US$1.07. Ex-date: 15th August 2025 Payment date: 10th September 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.9% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jul 30Park National Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2025Park National Corporation's board of directors declared a quarterly cash dividend of $1.07 per common share, payable on September 10, 2025, to common shareholders of record as of August 15, 2025.
Reported Earnings • Jul 29Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$2.98 (up from US$2.44 in 2Q 2024). Revenue: US$138.3m (up 12% from 2Q 2024). Net income: US$48.1m (up 22% from 2Q 2024). Profit margin: 35% (up from 32% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 29Park National Corporation and The Park National Bank Announce CEO Changes, Effective January 1, 2026At a meeting held on July 28, 2025, the Board of Directors of Park National Corporation (“Park”) unanimously elected Matthew R. Miller to succeed David L. Trautman as the Chief Executive Officer of each of Park and its wholly-owned subsidiary, The Park National Bank (“PNB”), effective January 1, 2026. At such time, Mr. Trautman, who is currently serving as Chairman of the Board of Directors and Chief Executive Officer of each of Park and PNB, will continue his service as Chair of both Boards of Directors. Mr. Miller, 47, has served as President and a director of each of Park and PNB since May 2019. As part of its succession planning, Park’s board of directors conducted a thorough evaluation before proposing Miller as the organization’s next CEO. The board voted to approve his appointment in its July 28 session. The transition reflects the board’s commitment to strong governance and leadership continuity. Miller has served as Park’s president since 2019. Trautman has served in various leadership roles at Park for 42 years, including President from 2005 through 2019, CEO since 2014 and Board Chair since 2019. Under their combined leadership, Park has grown to reach more customers and communities by empowering bankers to deliver on Park’s promise of providing exceptional service with empathy and integrity. A native of New Madison, Ohio, Miller joined Park in 2009 and has held several key leadership roles, including Chief Accounting Officer, Executive Vice President and currently President. Prior to joining Park, he worked at Deloitte LLP in the Cleveland and Columbus, Ohio offices. He is deeply committed to community service, having served on more than a dozen nonprofit and civic boards over the past decade, including the Ohio Bankers League, The Works, the Boys and Girls Club of Newark and the Buckeye Valley Family YMCA.
Declared Dividend • May 01First quarter dividend of US$1.07 announcedShareholders will receive a dividend of US$1.07. Ex-date: 16th May 2025 Payment date: 10th June 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
Reported Earnings • Apr 27First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$2.61 (up from US$2.18 in 1Q 2024). Revenue: US$129.4m (up 8.1% from 1Q 2024). Net income: US$42.2m (up 20% from 1Q 2024). Profit margin: 33% (up from 29% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Apr 26Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2025Park National Corporation's board of directors declared a quarterly cash dividend of $1.07 per common share, payable on June 10, 2025, to common shareholders of record as of May 16, 2025.
お知らせ • Mar 10Mark R. Ramser to Not Stand from Re-Election to the Board of Directors of Park National CorporationPark National Corporation announced on January 27, 2025, Mark R. Ramser, who currently serves in the class of Park directors whose terms are to expire at the 2025 Annual Meeting, notified Park that he has decided to retire as a Park director and, thus, will not stand for re-election to the Board of Directors at the Annual Meeting.
Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.38 (up from US$7.84 in FY 2023). Revenue: US$506.1m (up 9.3% from FY 2023). Net income: US$151.4m (up 20% from FY 2023). Profit margin: 30% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.41% (up from 4.11% in FY 2023). Cost-to-income ratio: 61.3% (down from 64.3% in FY 2023). Non-performing loans: 0.89% (up from 0.82% in FY 2023). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Feb 24Park National Corporation, Annual General Meeting, Apr 28, 2025Park National Corporation, Annual General Meeting, Apr 28, 2025.
Declared Dividend • Jan 30Fourth quarter dividend of US$1.07 announcedShareholders will receive a dividend of US$1.07. Ex-date: 14th February 2025 Payment date: 10th March 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (48% forecast payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 4.3% over the next 2 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Jan 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.38 (up from US$7.84 in FY 2023). Revenue: US$506.1m (up 9.3% from FY 2023). Net income: US$151.4m (up 20% from FY 2023). Profit margin: 30% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.41% (up from 4.11% in FY 2023). Cost-to-income ratio: 61.3% (down from 64.3% in FY 2023). Non-performing loans: 0.89% (up from 0.82% in FY 2023). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Price Target Changed • Dec 04Price target increased by 12% to US$181Up from US$162, the current price target is an average from 2 analysts. New target price is 5.8% below last closing price of US$192. Stock is up 61% over the past year. The company is forecast to post earnings per share of US$9.19 for next year compared to US$7.84 last year.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$198, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Banks industry in the US. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$265 per share.
Declared Dividend • Nov 01Third quarter dividend of US$1.56 announcedShareholders will receive a dividend of US$1.56. Ex-date: 15th November 2024 Payment date: 10th December 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be well covered in 3 years' time (49% forecast payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Oct 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$2.37 (up from US$2.29 in 3Q 2023). Revenue: US$132.3m (up 7.1% from 3Q 2023). Net income: US$38.2m (up 3.5% from 3Q 2023). Profit margin: 29% (down from 30% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Oct 29+ 1 more updatePark National Corporation Declares Special One-Time Dividend, Payable on December 10, 2024The board of directors of Park National Corporation declared a special one-time dividend of $0.50 per common share, payable on December 10, 2024, to common shareholders of record as of November 15, 2024.
Upcoming Dividend • Aug 09Upcoming dividend of US$1.06 per shareEligible shareholders must have bought the stock before 16 August 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (3.0%).
Recent Insider Transactions • Aug 02Independent Director recently sold US$2.2m worth of stockOn the 29th of July, Mark Ramser sold around 12k shares on-market at roughly US$180 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months.
Major Estimate Revision • Jul 29Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$485.3m to US$504.0m. EPS estimate increased from US$8.18 to US$9.08 per share. Net income forecast to grow 2.4% next year vs 6.8% growth forecast for Banks industry in the US. Consensus price target up from US$132 to US$163. Share price rose 9.1% to US$186 over the past week.
Buy Or Sell Opportunity • Jul 26Now 21% undervaluedOver the last 90 days, the stock has risen 38% to US$186. The fair value is estimated to be US$235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.8%. Revenue is forecast to grow by 6.7% in a year. Earnings are forecast to grow by 2.4% in the next year.
Declared Dividend • Jul 25Second quarter dividend of US$1.06 announcedShareholders will receive a dividend of US$1.06. Ex-date: 16th August 2024 Payment date: 10th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.9% over the next year. However, it would need to fall by 44% to increase the payout ratio to a potentially unsustainable range.
Price Target Changed • Jul 23Price target increased by 16% to US$153Up from US$132, the current price target is an average from 2 analysts. New target price is 17% below last closing price of US$184. Stock is up 72% over the past year. The company is forecast to post earnings per share of US$8.24 for next year compared to US$7.84 last year.
お知らせ • Jul 23+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2024Park National Corporation's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on September 10, 2024, to common shareholders of record as of August 16, 2024.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$168, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$240 per share.
お知らせ • May 24Park National Corporation Announces Board of Directors Appointments, Effective July 1, 2024Park National Corporation announced board of directors elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park’s banking subsidiary, effective on the same date. These elections expand Park’s board to 16 directors, including one director emeritus. Gratz has been a member of the Healthcare Women’s Business Association’s (HBA) advisory board (Ohio chapter), and the vice chair on Marburn Academy’s board of trustees. She was named Rising Star by the HBA in 2008 and recognized in PharmaVoice Top 100 in 2012. Gratz earned a bachelor’s degree from the University of Dayton . Karen Morrison serves as president of the OhioHealth Foundation and senior vice president of OhioHealth Corporation. She has been with OhioHealth for over 30 years and currently leads the enterprise strategy for external affairs including community relations, corporate reinvestment, health equity and government affairs. In her role as foundation president Morrison oversees philanthropy for the enterprise. Morrison serves on the board of Greif Inc. (NYSE: GEF), and has extensive nonprofit board service. She is a member of the National Association of Corporate Directors, Women Corporate Directors, the Executive Leadership Council and The Links Inc. Morrison was honored in the inaugural class of Columbus Business First’s “Women of Influence” and received its first “Businesswoman of the Year” award. She was also named to the 2023 list of “Directors to Watch” by Directors & Boards Magazine. She earned a bachelor’s degree from Vanderbilt University, a graduate degree in preventive medicine from The Ohio State University College of Medicine and Public Health and juris doctor from Capital University. Morrison will serve in the class of directors whose terms expire on the date of Park’s annual meeting of shareholders in 2026. Gratz’s term will expire on the date of Park’s annual meeting of shareholders in 2027. They will both serve as members of the board’s Risk Committee.
Declared Dividend • Apr 24First quarter dividend of US$1.06 announcedShareholders will receive a dividend of US$1.06. Ex-date: 16th May 2024 Payment date: 10th June 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.3% over the next year. However, it would need to fall by 41% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Apr 22First quarter 2024 earnings released: EPS: US$2.18 (vs US$2.08 in 1Q 2023)First quarter 2024 results: EPS: US$2.18 (up from US$2.08 in 1Q 2023). Revenue: US$119.6m (up 2.8% from 1Q 2023). Net income: US$35.2m (up 4.4% from 1Q 2023). Profit margin: 29% (in line with 1Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 05Park National Corporation, Annual General Meeting, Apr 22, 2024Park National Corporation, Annual General Meeting, Apr 22, 2024, at 14:00 Eastern Daylight. Agenda: To elect four directors, each to serve for a term of three years to expire at the Annual Meeting of Shareholders to be held in 2027, and until such individual’s successor is duly elected and qualified, or until such individual’s earlier resignation, removal from office or death; To conduct an advisory vote on the frequency of future advisory votes on the compensation of Park’s named executive officers; To consider and vote upon a non-binding advisory resolution to approve the compensation of Park’s named executive officers as disclosed in the accompanying proxy statement for the Annual Meeting; To consider and vote upon a proposal to ratify the appointment of Crowe LLP as the independent registered public accounting firm of Park for the fiscal year ending December 31, 2024; and to discuss other matters.
Reported Earnings • Feb 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$7.84 (down from US$9.13 in FY 2022). Revenue: US$462.8m (down 3.3% from FY 2022). Net income: US$126.7m (down 15% from FY 2022). Profit margin: 27% (down from 31% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.
Price Target Changed • Feb 25Price target increased by 7.2% to US$129Up from US$120, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$128. Stock is up 0.8% over the past year. The company is forecast to post earnings per share of US$7.60 for next year compared to US$7.84 last year.
Upcoming Dividend • Feb 08Upcoming dividend of US$1.06 per share at 3.3% yieldEligible shareholders must have bought the stock before 15 February 2024. Payment date: 08 March 2024. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.3%).
Price Target Changed • Feb 07Price target increased by 7.6% to US$128Up from US$119, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$128. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of US$7.64 for next year compared to US$7.84 last year.
Declared Dividend • Jan 25Fourth quarter dividend of US$1.06 announcedShareholders will receive a dividend of US$1.06. Ex-date: 15th February 2024 Payment date: 8th March 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (56% forecast payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.7% over the next 2 years. However, it would need to fall by 40% to increase the payout ratio to a potentially unsustainable range.
Price Target Changed • Jan 24Price target increased by 7.6% to US$120Up from US$112, the current price target is an average from 2 analysts. New target price is 8.6% below last closing price of US$131. Stock is up 9.0% over the past year. The company is forecast to post earnings per share of US$7.55 for next year compared to US$7.84 last year.
Reported Earnings • Jan 23Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$7.84 (down from US$9.13 in FY 2022). Revenue: US$462.8m (down 3.3% from FY 2022). Net income: US$126.7m (down 15% from FY 2022). Profit margin: 27% (down from 31% in FY 2022). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 4.11% (up from 3.80% in FY 2022). Cost-to-income ratio: 64.3% (up from 62.8% in FY 2022). Non-performing loans: 0.82% (down from 1.42% in FY 2022). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Price Target Changed • Jan 10Price target increased by 8.2% to US$119Up from US$110, the current price target is an average from 2 analysts. New target price is 7.3% below last closing price of US$128. Stock is down 9.1% over the past year. The company is forecast to post earnings per share of US$8.01 for next year compared to US$9.13 last year.
Upcoming Dividend • Nov 09Upcoming dividend of US$1.05 per share at 4.0% yieldEligible shareholders must have bought the stock before 16 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (5.1%). In line with average of industry peers (3.8%).
Reported Earnings • Oct 24Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$2.29 (down from US$2.59 in 3Q 2022). Revenue: US$123.6m (down 8.0% from 3Q 2022). Net income: US$36.9m (down 12% from 3Q 2022). Profit margin: 30% (down from 31% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Oct 24+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on December 8, 2023Park National Corporation's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on December 8, 2023, to common shareholders of record as of November 17, 2023.
Upcoming Dividend • Aug 10Upcoming dividend of US$1.05 per share at 3.8% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%).
Reported Earnings • Jul 25Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$1.95 (down from US$2.11 in 2Q 2022). Revenue: US$114.1m (up 1.7% from 2Q 2022). Net income: US$31.6m (down 8.0% from 2Q 2022). Profit margin: 28% (down from 31% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 25+ 1 more updatePark National Corporation Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023Park National Corporation reported net loan charge-offs for the second quarter ended June 30, 2023. For the quarter, the company reported net loan charge-offs of $1,232,000 against $404,000 a year ago.
Price Target Changed • Jun 04Price target decreased by 12% to US$109Down from US$124, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$108. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$8.04 for next year compared to US$9.13 last year.
Recent Insider Transactions • May 17Director recently bought US$63k worth of stockOn the 8th of May, Charles DeLawder bought around 600 shares on-market at roughly US$105 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Upcoming Dividend • May 11Upcoming dividend of US$1.05 per share at 4.1% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (5.2%). In line with average of industry peers (3.8%).
Recent Insider Transactions Derivative • May 06CEO & Chairman of the Board exercised options and sold US$123k worth of stockOn the 28th of April, David Trautman exercised options to acquire 2k shares at no cost and sold these for an average price of US$55.45 per share. This trade did not impact their existing holding. For the year to December 2016, David's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, David's direct individual holding has increased from 71.07k shares to 73.48k. Company insiders have collectively sold US$350k more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • May 03First quarter 2023 earnings: EPS in line with expectations, revenues disappointFirst quarter 2023 results: EPS: US$2.08 (down from US$2.40 in 1Q 2022). Revenue: US$116.4m (up 2.2% from 1Q 2022). Net income: US$33.7m (down 13% from 1Q 2022). Profit margin: 29% (down from 34% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.
Recent Insider Transactions Derivative • Apr 06CEO & Chairman of the Board exercised options and sold US$123k worth of stockOn the 31st of March, David Trautman exercised options to acquire 1k shares at no cost and sold these for an average price of US$119 per share. This trade did not impact their existing holding. For the year to December 2016, David's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, David's direct individual holding has increased from 70.59k shares to 71.07k. Company insiders have collectively sold US$579k more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Mar 07Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: US$9.13 (down from US$9.45 in FY 2021). Revenue: US$478.4m (up 1.4% from FY 2021). Net income: US$148.4m (down 3.6% from FY 2021). Profit margin: 31% (down from 33% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year.
Upcoming Dividend • Feb 09Upcoming dividend of US$1.05 per share at 3.3% yieldEligible shareholders must have bought the stock before 16 February 2023. Payment date: 10 March 2023. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.9%).
Reported Earnings • Jan 25Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: US$9.13 (down from US$9.45 in FY 2021). Revenue: US$478.4m (up 1.4% from FY 2021). Net income: US$148.4m (down 3.6% from FY 2021). Profit margin: 31% (down from 33% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 24+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on March 10, 2023Park National Corporation board of directors declared a quarterly cash dividend of $1.05 per common share, payable on March 10, 2023 to common shareholders of record as of February 17, 2023.
Buying Opportunity • Jan 03Now 20% undervaluedOver the last 90 days, the stock is up 7.5%. The fair value is estimated to be US$174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 4.7% in 2 years. Earnings is forecast to decline by 6.3% in the next 2 years.
Buying Opportunity • Dec 02Now 20% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be US$186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 4.6% in 2 years. Earnings is forecast to decline by 6.6% in the next 2 years.
Upcoming Dividend • Nov 10Upcoming dividend of US$1.54 per shareEligible shareholders must have bought the stock before 17 November 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (3.0%).
Reported Earnings • Oct 26Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$2.59 (up from US$2.18 in 3Q 2021). Revenue: US$134.3m (up 20% from 3Q 2021). Net income: US$42.1m (up 19% from 3Q 2021). Profit margin: 31% (in line with 3Q 2021). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Oct 25+ 1 more updatePark National Corporation Declares Quarterly Cash Dividend, Payable on December 9, 2022Park National Corporation's board of directors declared a quarterly cash dividend of $1.04 per common share in respect of Park's common shares, payable on December 9, 2022 to common shareholders of record as of November 18, 2022.
Buying Opportunity • Sep 13Now 22% undervaluedOver the last 90 days, the stock is up 8.0%. The fair value is estimated to be US$166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 2.5% in a year. Earnings is forecast to grow by 1.4% in the next year.
Upcoming Dividend • Aug 11Upcoming dividend of US$1.04 per shareEligible shareholders must have bought the stock before 18 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (3.0%).
Reported Earnings • Jul 27Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: US$2.11 (down from US$2.40 in 2Q 2021). Revenue: US$112.1m (down 5.9% from 2Q 2021). Net income: US$34.3m (down 12% from 2Q 2021). Profit margin: 31% (down from 33% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 1.7%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 27Park National Corporation Declares Quarterly Cash Dividend, Payable on September 9, 2022Park National Corporation's board of directors declared a quarterly cash dividend of $1.04 per common share, payable on September 9, 2022 to common shareholders of record as of August 19, 2022.
Upcoming Dividend • May 12Upcoming dividend of US$1.04 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.1%). Higher than average of industry peers (3.0%).
Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$2.40 (down from US$2.63 in 1Q 2021). Revenue: US$113.9m (down 4.8% from 1Q 2021). Net income: US$38.9m (down 9.2% from 1Q 2021). Profit margin: 34% (down from 36% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Over the next year, revenue is expected to shrink by 2.2% compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 23First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$2.40 (down from US$2.63 in 1Q 2021). Revenue: US$113.9m (down 4.8% from 1Q 2021). Net income: US$38.9m (down 9.2% from 1Q 2021). Profit margin: 34% (down from 36% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Over the next year, revenue is expected to shrink by 1.3% compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 23Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2022Park National Corporation (Park) declared a quarterly cash dividend of $1.04 per common share, payable on June 10, 2022 to common shareholders of record as of May 20, 2022.
Recent Insider Transactions Derivative • Apr 07CEO & Chairman of the Board exercised options and sold US$82k worth of stockOn the 31st of March, David Trautman exercised options to acquire 622 shares at no cost and sold these for an average price of US$131 per share. This trade did not impact their existing holding. For the year to December 2015, David's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, David has owned 68.35k shares directly. Company insiders have collectively sold US$229k more than they bought, via options and on-market transactions in the last 12 months.
