Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. The Bank offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers. Park National also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventories and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans, including mortgage loans to developers and owners of commercial real estate; consumer loans, such as automobile loans and leases and home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial leasing. In addition, it offers consumer finance, aircraft financing, and asset management businesses.

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TypePublic
HQNewark, US
Founded1908
Size (employees)1,746 (est)+2%
Websiteinvestor.parknationalcorp.com
Park National Corporation was founded in 1908 and is headquartered in Newark, US
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Key People/Management at Park National Corporation

C. Daniel Delawder

C. Daniel Delawder

Chairman
David L. Trautman

David L. Trautman

President and CEO
Brady T. Burt

Brady T. Burt

Chief Financial Officer and Secretary
William T. McConnell

William T. McConnell

Director Emeritus
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Park National Corporation Office Locations

Park National Corporation has an office in Newark
Newark, (HQ)
50 N 3rd St
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Park National Corporation Financials and Metrics

Park National Corporation Revenue

Park National Corporation's revenue was reported to be $276.26 m in FY, 2016 which is a 4.2% increase from the previous period.
USD

Net income (Q2, 2018)

28.2m

EBIT (Q2, 2018)

63.4m

Market capitalization (4-Dec-2018)

1.4b

Closing stock price (4-Dec-2018)

89.2

Cash (30-Jun-2018)

146.2m

EV

1.9b
Park National Corporation's current market capitalization is $1.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

262.9m265.1m265.1m276.3m

Revenue growth, %

1%0%4%

Cost of goods sold

41.9m37.4m38.2m42.7m

Gross profit

221.0m227.6m238.1m
Quarterly
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cost of goods sold

9.8m9.9m9.3m9.4m9.5m9.5m9.7m9.8m10.7m11.7m8.9m9.9m

Sales and marketing expense

1.0m1.1m937.0k1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.2m1.2m

Operating expense total

1.0m1.1m937.0k1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.2m2.4m

EBIT

57.8m52.2m54.9m55.3m58.9m54.8m65.9m58.1m55.2m58.3m64.6m63.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

147.0m237.7m149.5m146.4m169.1m

Accounts Receivable

18.3m17.7m18.7m18.8m

Inventories

PP&E

55.3m55.5m59.5m58.0m55.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

77.2m84.1m81.0m86.1m84.2m

Depreciation and Amortization

7.2m7.3m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

41.4m59.7m40.1m60.1m18.7m38.7m66.1m

Depreciation and Amortization

3.5m5.4m

Cash From Operating Activities

34.4m71.0m34.7m53.8m12.9m37.2m57.8m23.1m40.0m66.7m22.0m60.5m

Cash From Investing Activities

(74.4m)(210.0m)(128.9m)(135.4m)85.4m65.4m80.0m(31.3m)(89.5m)(82.4m)115.7m32.4m
USDY, 2018

EV/EBIT

29.5 x

EV/CFO

30.9 x

Debt/Equity

0.8 x

Debt/Assets

0.1 x

Financial Leverage

9.9 x
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Park National Corporation Operating Metrics

Park National Corporation's Total Loans was reported to be $5.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

ATMs

141 140 139

Bank Branches

116 116 112

Non-performing Loans

$119.29 m$114.30 m$113.80 m$109.64 m$122.79 m$118.96 m$131.46 m$116.86 m$108.08 m$107.28 m$110.90 m

Total Loans

$4.78 b$4.83 b$4.90 b$5 b$5.03 b$5.06 b$5.13 b$5.19 b$5.23 b$5.31 b$5.37 b
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Park National Corporation News and Updates

Park National Corporation to add Judd and Ramser to board of directors

NEWARK, Ohio, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Park National Corporation’s (NYSE American: PRK) (Park) board of directors elected Jason Judd and Mark Ramser to serve as directors, effective January 1, 2019. Judd will also join the board of directors of Park’s banking subsidiary, The Park National…
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Park National Corporation Company Life and Culture

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Park National Corporation Frequently Asked Questions

  • When was Park National Corporation founded?

    Park National Corporation was founded in 1908.

  • Who are Park National Corporation key executives?

    Park National Corporation's key executives are C. Daniel Delawder, David L. Trautman and Brady T. Burt.

  • How many employees does Park National Corporation have?

    Park National Corporation has 1,746 employees.

  • Who are Park National Corporation competitors?

    Competitors of Park National Corporation include United Financial Bancorp, BOK Financial and Mercantile Bank.

  • Where is Park National Corporation headquarters?

    Park National Corporation headquarters is located at 50 N 3rd St, Newark.

  • Where are Park National Corporation offices?

    Park National Corporation has an office in Newark.

  • How many offices does Park National Corporation have?

    Park National Corporation has 1 office.