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Stock impact report

Park National Corp (PRK) Reports Decline in 2023 Earnings Amid Economic Challenges [Yahoo! Finance]

Park National Corporation (PRK) 
NASDAQ:AMEX Investor Relations: parknationalbank.com/ctas/investor-relations
Company Research Source: Yahoo! Finance
Loan Growth : Total loans increased by 4.7% during 2023. Net Interest Margin : Remained stable at 4.17% in Q4 2023. Asset Quality : Nonperforming assets decreased by 39.4% year-over-year. Dividends : Quarterly cash dividend declared at $1.06 per common share. Market Capitalization : Decreased by 6.5% at the end of 2023 compared to the end of 2022. On January 22, 2024, Park National Corp ( PRK ) released its 8-K filing , disclosing the financial results for the fourth quarter and the full year of 2023. The diversified financial services company, based in Newark, Ohio, operates through 11 community banking divisions and provides a range of banking and financial services to consumers and businesses. For the fourth quarter of 2023, Park National Corp reported a net income of $24.5 million, which represents a 25.9% decrease from the $33.1 million reported in the same quarter of the previous year. The net income per diluted common share also fell to $1.51, compared to $2.02 in Show less Read more
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