KBRA Comments on Park National Corporation’s Acquisition of First Citizens Bancshares, Inc.
Park National Corporation (PRK)
NASDAQ:AMEX Investor Relations:
parknationalbank.com/ctas/investor-relations
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--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. Upon completion, First Citizens National Bank will merge into The Park National Bank, and the combined company will have approximately $12.7 billion in assets, $9.5 billion in loans, and $10.4 billion in deposits on a pro forma basis and will result in PRK exceeding the $10 billion regulatory threshold. The transaction is expected to be slightly accretive to tangible book value at close with a modest impact on pro forma capital ratios, including TCE of ~11% and CET1 of ~13%, reflecting a l
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PRK
News
- Park National (NYSE:PRK) had its price target raised by analysts at Keefe, Bruyette & Woods from $175.00 to $180.00. They now have a "market perform" rating on the stock.MarketBeat
- Park National (NYSE:PRK) had its price target lowered by analysts at Piper Sandler from $185.00 to $176.00. They now have a "neutral" rating on the stock.MarketBeat
- Park National (NYSE:PRK) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Park National Bank welcomes First Citizens National Bank in strategic partnershipGlobeNewswire
- Park National Corporation reports financial results for third quarter and first nine months of 2025GlobeNewswire
PRK
Earnings
- 10/27/25 - Beat
PRK
Sec Filings
- 12/5/25 - Form S-4
- 11/10/25 - Form 8-K
- 11/3/25 - Form 10-Q
- PRK's page on the SEC website