Announcement • Apr 27
Park National Corporation Announces Net Charge Offs Charges for the First Quarter Ended March 31, 2026 Park 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. Announcement • Apr 26
Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2026 Park 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. Announcement • Mar 10
Park National Corporation, Annual General Meeting, Apr 27, 2026 Park National Corporation, Annual General Meeting, Apr 27, 2026. Announcement • Jan 28
Park National Corporation announces Quarterly dividend, payable on March 10, 2026 Park 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. Announcement • Jan 27
Park National Corporation Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2025 Park 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. Announcement • Jan 06
C. Daniel Delawder Announces Not Stand for Re-Election to the Board of Park National Corporation and The Park National Bank On 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. Announcement • Oct 28
Park 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. Announcement • Jul 30
Park National Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2025 Park 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. Announcement • Jul 29
Park National Corporation and The Park National Bank Announce CEO Changes, Effective January 1, 2026 At 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. Announcement • Apr 26
Park National Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2025 Park 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. Announcement • Mar 10
Mark R. Ramser to Not Stand from Re-Election to the Board of Directors of Park National Corporation Park 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. Announcement • Feb 24
Park National Corporation, Annual General Meeting, Apr 28, 2025 Park National Corporation, Annual General Meeting, Apr 28, 2025. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €189, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 102% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €297 per share. Declared Dividend • Nov 04
Third quarter dividend of US$1.56 announced Shareholders will receive a dividend of US$1.56. Ex-date: 15th November 2024 Payment date: 10th December 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.8%. 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. Recent Insider Transactions • Aug 02
Independent Director recently sold €2.0m worth of stock On the 29th of July, Mark Ramser sold around 12k shares on-market at roughly €166 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 €2.2m more than they bought in the last 12 months. Declared Dividend • Jul 29
Second quarter dividend of US$1.06 announced Shareholders will receive a dividend of US$1.06. Ex-date: 16th August 2024 Payment date: 10th September 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.8%. 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. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$2.44 (vs US$1.95 in 2Q 2023) Second quarter 2024 results: EPS: US$2.44 (up from US$1.95 in 2Q 2023). Revenue: US$123.5m (up 8.3% from 2Q 2023). Net income: US$39.4m (up 25% from 2Q 2023). Profit margin: 32% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €152, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 65% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €242 per share. Announcement • May 24
Park National Corporation Announces Board of Directors Appointments, Effective July 1, 2024 Park 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. Reported Earnings • May 06
First 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 2.7% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Declared Dividend • Apr 29
First quarter dividend of US$1.06 announced Shareholders will receive a dividend of US$1.06. Ex-date: 16th May 2024 Payment date: 10th June 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. 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 21
First 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 3.2% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Announcement • Mar 05
Park National Corporation, Annual General Meeting, Apr 22, 2024 Park 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 26
Full year 2023 earnings released: EPS: US$7.84 (vs US$9.13 in FY 2022) Full 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 is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Banks industry in Europe. Upcoming Dividend • Feb 08
Upcoming dividend of US$1.06 per share at 3.3% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 08 March 2024. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.3%). Declared Dividend • Jan 29
Fourth quarter dividend of US$1.06 announced Shareholders will receive a dividend of US$1.06. Ex-date: 15th February 2024 Payment date: 8th March 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.7%. 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. Reported Earnings • Jan 23
Full year 2023 earnings released: EPS: US$7.84 (vs US$9.13 in FY 2022) Full 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 is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Upcoming Dividend • Nov 09
Upcoming dividend of US$1.05 per share at 4.0% yield Eligible 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 German dividend payers (5.1%). Lower than average of industry peers (6.5%). Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$2.29 (vs US$2.59 in 3Q 2022) Third 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 is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Upcoming Dividend • Aug 10
Upcoming dividend of US$1.05 per share at 3.8% yield Eligible 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 German dividend payers (4.7%). Lower than average of industry peers (6.0%). Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: US$1.95 (vs US$2.11 in 2Q 2022) Second 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 is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in Europe. Recent Insider Transactions • May 17
Director recently bought €57k worth of stock On the 8th of May, Charles DeLawder bought around 600 shares on-market at roughly €94.86 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. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$2.08 (vs US$2.40 in 1Q 2022) First 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 is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in Europe. 
