Park National Corp

PRK

Market cap $2.47B

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On October 27, 2025, Newark, OH-based Park National Corporation (NYSE: PRK) ("Park" or “the company”) announced a definitive agreement to acquire Dyersburg, TN-based First Citizens Bancshares, Inc. (FIZN) in an all-stock transaction valued at approximately $317 million, representing 1.68x tangible book value at the time of deal announcement. The transaction is expected to close in 1Q26, pending shareholder and regulatory approvals, with integration anticipated in 3Q26.

DEARBORN, Mich. and WINTER PARK, Fla., Nov. 03, 2025 (GLOBE NEWSWIRE) -- DFCU Financial, one of Michigan's largest and most trusted credit unions, and Winter Park National Bank, a leading Central Florida community bank, today announced the completion of their previously announced business combination. All Winter Park National Bank locations are now operating under the DFCU Financial name.

The headline numbers for Park National (PRK) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Park National (PRK) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to earnings of $2.25 per share a year ago.

NEWARK, Ohio and DYERSBURG, Tenn., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (“Park”) (NYSE AMERICAN: PRK) and First Citizens Bancshares, Inc. (“FIZN”) (OTCEM: FIZN) have signed a definitive merger agreement, pursuant to which FIZN will merge with and into Park (the “parent merger”). Following the parent merger, First Citizens National Bank (First Citizens), the bank subsidiary of FIZN, will merge with and into Park's bank subsidiary, The Park National Bank (the “bank merger”). After closing, First Citizens' CEO and President, Jeff Agee, will lead the new Tennessee Region of Park National Bank. One current FIZN director will join Park's Board of Directors, and Park will maintain First Citizens' current two local community advisory boards. Park will continue First Citizens' strong legacy of community support through local partnerships, investment and engagement, and will maintain First Citizens' philanthropic commitments to organizations across its footprint.

NEWARK, Ohio, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the third quarter and first nine months of 2025. Park's board of directors declared a quarterly cash dividend of $1.07 per common share and a special one-time dividend of $1.25 per common share, both payable on December 10, 2025, to common shareholders of record as of November 21, 2025.

NEWARK, Ohio, July 29, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) has named Matthew R. Miller Chief Executive Officer of Park National Corporation and Park National Bank effective January 1, 2026. Miller will retain his title as president. David L. Trautman will continue to serve as Chair of the Board.

Park National (PRK) came out with quarterly earnings of $2.9 per share, beating the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $2.38 per share a year ago.

NEWARK, Ohio, July 28, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the second quarter and first half of 2025. Park'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.

Park National (PRK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.