Overview
Ohio-based bank's Q4 net income rose 10.4% yr/yr
Net income per diluted share increased to $2.63 from $2.37 yr/yr
Company anticipates closing First Citizens Bancshares acquisition on Feb 1, 2026
Outlook
Company anticipates opportunities from First Citizens Bancshares acquisition closing on February 1, 2026
Park National did not provide specific financial guidance for future quarters
Result Drivers
LOAN AND DEPOSIT GROWTH - Park National attributed Q4 net income growth to solid loan and deposit increases, reflecting strong customer relationships
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS | $2.63 | ||
Q4 Net Income | $42.64 mln | ||
Q4 Net Interest Income | $112.93 mln | ||
Q4 Net Interest Margin | 4.88% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Park National Corp is $180.00, about 12.5% above its January 23 closing price of $159.98
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nGNX1fQ6Kd
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)