Park National Corporation announced strong financial results for the first quarter of 2025, with net income rising by 19.8% to $42.2 million and diluted EPS increasing by 19.8% to $2.60. The company's total loans grew by 0.9% and deposits increased by 0.7% during the quarter, contributing to its overall success.
Park National Corporation reported a strong fourth quarter in 2024, with a 57.7% increase in net income to $38.6 million, and earnings per diluted share rising to $2.37. The company's total assets reached $9.8 billion. The results reflect the company's focus on customer relationships and strategic initiatives.
Park National Corporation reported a net income of $38.2 million for the third quarter of 2024, a 3.5% increase compared to the third quarter of 2023. The company's net interest margin also improved to 4.45%.
Park National Corporation reported a strong second quarter in 2024, with net income increasing by 24.6% compared to the same period last year. The company's performance was driven by growth in net interest income and a focus on expense control and technology leverage. Total loans and deposits also saw increases, contributing to a net interest margin of 4.39%.
Park National Corporation reported a net income of $35.2 million for the first quarter of 2024, a 4.4% increase compared to the same period last year. The company's total loans increased by 0.7% during the quarter and 6.1% over the last 12 months. The board of directors declared a quarterly cash dividend of $1.06 per common share.
Park National Corporation reported a decrease in net income for Q4 2023, with $24.5 million compared to $33.1 million in Q4 2022. However, adjusted non-GAAP net income saw a slight increase. Total loans increased by 4.7% during 2023.