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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Type
Public
HQ
Newark, US
Founded
1908
Size (employees)
1,726 (est)
Park National Corporation was founded in 1908 and is headquartered in Newark, US
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Park National Corporation Office Locations

Park National Corporation has an office in Newark
Newark, US (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 (Q1, 2018)

31.1 m

EBIT (Q1, 2018)

64.6 m

Market capitalization (11-Jul-2018)

1.7 b

Closing share price (11-Jul-2018)

110.5

Cash (31-Mar-2018)

276.6 m

EV

2.1 b
Park National Corporation's current market capitalization is $1.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

262.9 m265.1 m265.1 m276.3 m

Revenue growth, %

1%0%4%

Cost of goods sold

38.2 m42.7 m

Gross profit

238.1 m
Quarterly
USDQ1, 2018

Cost of goods sold

8.9 m

Sales and marketing expense

1.2 m

Operating expense total

1.2 m

EBIT

64.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

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

Accounts Receivable

18.3 m17.7 m18.7 m18.8 m

Inventories

PP&E

55.3 m55.5 m59.5 m58 m55.9 m
Quarterly
USDQ1, 2018

Cash

276.6 m

Accounts Receivable

20.4 m

PP&E

56.2 m

Goodwill

72.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

7.2 m7.3 m

Inventories

Accounts Payable

Quarterly
USDQ1, 2018

Cash From Operating Activities

22 m

Cash From Investing Activities

115.7 m

Long-term Borrowings

(100 m)

Dividends Paid

(14.4 m)
USDY, 2018

EV/EBIT

32.2 x

EV/CFO

94.5 x

Financial Leverage

10 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 Company Life and Culture

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