PRK

Park National Corporation

$164.78

1.69

(1.04%)

Exchange:	AMEX
Market Cap:	2.668B
Shares Outstanding:	7.05M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company 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. It also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; consumer loans, such as automobile loans and leases; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. In addition, the company offers aircraft financing and asset management services. As of December 31, 2021, it operated 96 financial service offices and a network of 116 automated teller machines in 26 Ohio counties, 1 Kentucky county, 3 North Carolina counties, and 4 South Carolina counties. The company was founded in 1908 and is headquartered in Newark, Ohio.

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Revenue Segmentation

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EPS

View full analyst estimates

Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	305,183	316,817	324,394	367,999	394,930	453,294	459,837	482,994	462,843	520,607
? Cost Of Revenue	0	0	0	0	0	0	0	0	-101,461	0
? Gross Profit	305,183	316,817	324,394	367,999	394,930	453,294	459,837	482,994	564,304	520,607
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	123,281	122,714	130,525	152,791	175,551	187,321	207,183	179,202	189,141	195,770
? Selling And Marketing Expenses	3,983	4,523	4,374	5,144	5,753	5,828	6,073	5,335	5,471	6,318
? Operating Expenses	229,000	237,000	254,000	281,000	-270,159	-298,649	-271,602	-285,166	283,339	520,607
? Net Interest Income	0	0	0	0	0	0	0	0	0	398,019
? Interest Income	265,074	276,258	286,424	310,801	297,737	327,630	345,853	378,247	471,670	522,965
? Interest Expense	37,442	38,172	42,665	43,903	62,763	30,090	15,960	31,188	98,557	124,946
? Depreciation And Amortization	7,347	8,396	8,644	9,178	11,455	13,063	15,098	15,287	15,323	12,192
? EBITDA	120,926	131,291	127,113	140,477	136,226	167,708	187,459	194,278	168,927	0
? EBIT										-12,192
? Operating Income	151,021	161,067	161,134	175,202	124,771	154,645	188,235	197,828	179,504	-321,863
? Income Before Tax	113,579	122,895	118,469	131,299	124,771	154,645	188,235	180,459	153,604	184,725
? Income Tax Expense	32,567	36,760	34,227	20,912	22,071	26,722	34,290	32,108	26,870	33,305
? Net Income From Continuing Operations										151,420
? Net Income	81,012	86,135	84,242	110,387	102,700	127,923	153,945	148,351	126,734	151,420
? EPS (Earnings Per Share)	5.270	5.620	5.510	7.130	6.330	7.850	9.450	9.130	7.840	9.380
? EPS Diluted	5.260	5.590	5.470	7.070	6.290	7.800	9.370	9.070	7.800	9.380
? Weighted Average Shares Outstanding	15,364.281	15,332.553	15,295.573	15,488.982	16,234.342	16,302.824	16,291.015	16,246.009	16,163.500	16,143.708
? Weighted Average Shares Outstanding Diluted	15,404.740	15,405.160	15,390.352	15,611.489	16,329.456	16,407.502	16,425.206	16,365.309	16,250.019	16,143.708
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	149,459	146,446	169,112	167,214	159,956	370,474	219,180	189,728	218,268	160,566
? Short Term Investments	1,436,266	1,258,139	1,093,816	1,003,421	1,209,701	1,059,341	1,754,140	1,733,696	1,332,842	996,624
? Cash And Short Term Investments	1,585,725	1,404,585	1,262,928	1,170,635	1,369,657	1,429,815	1,973,320	1,923,424	218,268	277,808
? Net Receivables	21,531	22,065	25,157	25,247	0	0	0	54,341	63,265	66,109
? Accounts Receivables										36,280
? Inventory	-2,856	-3,243	-2,993	-2,273	-294,392	-503,954	-390,792	0	0	0
? Total Current Assets	1,812,013	1,745,051	1,704,100	1,601,268	1,423,955	1,479,179	2,017,265	1,925,150	218,268	277,808
? Property Plant Equipment Net	59,493	57,971	55,901	59,771	87,036	103,738	89,008	82,126	92,232	0
? Goodwill	72,334	72,334	72,334	119,710	159,595	159,595	159,595	159,595	159,595	159,595
? Intangible Assets	9,008	9,266	9,688	17,149	21,593	21,470	22,726	5,975	19,308	17,355
? Long Term Investments	1,643,879	1,579,783	1,512,824	1,411,080	1,332,577	1,180,830	1,815,408	1,820,787	1,491,847	1,143,678
? Total Non Current Assets	5,499,341	5,722,535	5,833,520	6,203,040	1,600,801	1,465,633	2,071,473	326,264	9,410,987	1,320,628
? Total Assets	7,311,354	7,467,586	7,537,620	7,804,308	8,558,377	9,279,021	9,560,254	9,854,993	9,836,453	9,805,350
? Account Payables	2,338	2,151	2,278	2,625	2,927	3,860	3,116	3,486	6,860	7,859
? Short Term Debt	140,000	185,000	208,000	57,000	55,000	25,000	238,786	0	220,000	0
? Deferred Revenue	0	0	0	0	0	0	0	0	0	0
? Total Current Liabilities	6,552,999	6,680,346	6,766,519	6,956,802	57,927	28,860	28,116	227,342	3,521,745	7,859
? Long Term Debt	483,105	439,281	515,000	415,000	221,982	236,327	202,549	207,958	205,752	189,651
? Deferred Revenue Non Current	0	0	0	0	0	0	0	0	0	0
? Deferred Tax Liabilities Non Current	0	0	0	0	0	0	0	0	0	0
? Total Non Current Liabilities	45,000	45,000	15,000	15,000	221,982	236,327	426,996	8,558,425	5,068,093	189,651
? Total Liabilities	6,597,999	6,725,346	6,781,519	6,971,802	7,589,363	8,238,765	8,449,495	8,785,767	8,691,160	207,808
? Treasury Stock										0
? Preferred Stock	0	0	454	0	0	0	0	0	0	0
? Common Stock	303,966	305,826	307,726	358,598	459,389	460,687	461,800	462,404	463,280	0
? Retained Earnings	507,505	535,631	561,908	614,069	646,847	704,764	776,294	847,235	903,877	0
? Additional Paid In Capital										0
? Total Stockholders Equity	713,355	742,240	756,101	832,506	969,014	1,040,256	1,110,759	1,069,226	1,145,293	1,243,848
? Total Equity	713,355	742,240	756,101	832,506	969,014	1,040,256	1,110,759	1,069,226	1,145,293	1,243,848
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	7,311,354	7,467,586	7,537,620	7,804,308	8,558,377	9,279,021	9,560,254	9,854,993	9,836,453	1,451,656
? Total Investments	3,131,392	2,890,869	2,656,309	2,464,848	2,542,278	2,240,171	3,569,548	3,554,483	2,824,689	2,140,302
? Total Debt	1,177,347	1,134,076	906,289	636,966	276,982	261,327	426,996	416,009	425,752	206,156
? Net Debt	1,027,888	987,630	737,177	469,752	117,026	-109,147	207,816	226,281	207,484	45,590
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	81,012	86,135	84,242	110,387	102,700	127,923	153,945	148,351	126,734	151,420
? Depreciation And Amortization	7,347	8,396	8,644	8,585	9,119	10,814	13,267	13,819	14,015	0
? Deferred Income Tax	-250	581	3,289	538	-844	-4,525	-3,131	611	-703	-409
? Stock Based Compensation	1,828	2,814	3,942	5,063	6,324	7,272	8,021	7,199	8,010	1,223
? Change In Working Capital	-9,805	-16,080	-17,188	12,996	3,166	-5,976	1,988	-18,703	-4,843	0
? Accounts Receivables	0	0	0	0	0	0	0	0	0	0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Operating Activities	88,702	87,887	87,991	132,950	111,014	111,646	157,332	134,862	150,504	87,082
? Investments In Property Plant And Equipment	-11,361	-7,466	-7,018	-11,533	-14,885	-28,632	-14,093	-7,937	-7,589	0
? Acquisitions Net	-246,982	-199,494	-119,336	12,270	-4,831	-615,800	315,905	0	0	0
? Purchases Of Investments	-511,161	-738,580	-150,203	-383,095	-6,138	-364,462	-964,714	-336,795	-6,176	-10,213
? Sales Maturities Of Investments	360,683	783,226	210,628	452,772	294,003	538,008	235,728	186,454	431,650	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	-10,813
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-237,750
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-57,776	-57,653	-57,493	-63,013	-69,113	-70,353	-74,306	-76,604	-68,951	-77,496
? Common Dividends Paid										-77,496
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	218,526	61,660	-3,354	-179,140	-178,351	554,774	103,515	239,385	-186,121	-80,612
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	-88,240	-3,013	22,666	-1,898	-7,258	210,518	-151,294	-29,452	28,540	-4,343
? Cash At End Of Period	149,459	146,446	169,112	167,214	159,956	370,474	219,180	189,728	218,268	277,808
? Cash At Beginning Of Period	237,699	149,459	146,446	169,112	167,214	159,956	370,474	219,180	189,728	282,151
? Operating Cash Flow	88,702	87,887	87,991	132,950	111,014	111,646	157,332	134,862	150,504	87,082
? Capital Expenditure	-11,361	-7,466	-7,018	-11,533	-14,885	-28,632	-14,093	-7,937	-7,589	0
? Free Cash Flow	77,341	80,421	80,973	121,417	96,129	83,014	143,239	126,925	142,915	87,082
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	323,366.667	355,400	393,800	444,600	454,800	469,100	476,852	507,224	532,265	548,331
Estimated Revenue (High)	323,366.667	355,400	393,800	444,600	454,800	469,100	476,852	507,224	532,265	548,331
Estimated Revenue (Avg)	323,366.667	355,400	393,800	444,600	454,800	469,100	476,852	507,224	532,265	548,331
Estimated Ebitda (Low)	141,531.523	138,783.962	165,581.202	115,081.755	149,993.958	155,844.615	176,708.569	191,709.479	201,173.930	207,246.207
Estimated Ebitda (High)	212,297.287	208,175.943	248,371.804	172,622.635	224,990.937	233,766.924	265,062.855	191,709.479	201,173.930	207,246.207
Estimated Ebitda (Avg)	176,914.405	173,479.953	206,976.503	143,852.195	187,492.448	194,805.770	220,885.712	191,709.479	201,173.930	207,246.207
Estimated Net Income (Low)	70,195.565	82,787.427	85,978.455	73,207.464	106,029.006	111,094.362	101,387.198	145,112.678	143,000.176	145,437.679
Estimated Net Income (High)	105,293.349	124,181.143	128,967.684	109,811.197	159,043.512	166,641.545	152,080.801	145,112.678	143,000.176	145,437.679
Estimated Net Income (Avg)	87,744.457	103,484.285	107,473.070	91,509.331	132,536.259	138,867.954	126,734	145,112.678	143,000.176	145,437.679
Estimated SGA Expense (Low)	112,670.056	120,287.254	154,598.118	116,845.965	148,530.470	165,876.243	187,607.218	237,703.821	249,438.954	256,968.073
Estimated SGA Expense (High)	169,005.087	180,430.884	231,897.178	175,268.948	222,795.707	248,814.365	281,410.831	237,703.821	249,438.954	256,968.073
Estimated SGA Expense (Avg)	140,837.572	150,359.069	193,247.648	146,057.457	185,663.089	207,345.304	234,509.025	237,703.821	249,438.954	256,968.073
Estimated EPS (Avg)	5.490	7.050	6.630	7.050	9.340	8.720	8.160	8.930	8.800	8.950
Estimated EPS (High)	5.490	7.050	6.630	7.050	9.340	8.720	8.160	8.930	8.800	8.950
Estimated EPS (Low)	5.490	7.050	6.630	7.050	9.340	8.720	8.160	8.930	8.800	8.950
Number of Analysts (Estimated Revenue)	11	7	1	1	1	1	1	1	1	1
Number of Analysts (Estimated EPS)	10	6	1	1	1	1	1	1	1	1

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Current Key Metrics

?	Revenue (TTM) :	645.403M	?	P/S (TTM) :	4.39
?	Net Income (TTM) :	151.42M	?	P/E (TTM) :	16.26
?	Enterprise Value (TTM) :	2.851B	?	EV/FCF (TTM) :	28.8
?	Dividend Yield (TTM) :	0.03	?	Payout Ratio (TTM) :	0.49
?	ROE (TTM) :	0.13	?	ROIC (TTM) :	0.1
?	Net Debt (TTM) :	174.225M	?	Debt/Equity (TTM) :	0.21
?	P/B (TTM) :	2.01	?	Current Ratio (TTM) :	0

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
29.03	22.60	24.03	22.60	17.06

SWOT Analysis

No SWOT analysis available for this stock.

PRK

1.04

3.52

1.63

5.08

-6.41

18.97

147.98

Trading Metrics:

Open:	166.05	Previous Close:	163.09
Day Low:	164.17	Day High:	167.1
Year Low:	134.1	Year High:	207.99
Price Avg 50:	158.09	Price Avg 200:	167.75
Volume:	42103	Average Volume:	56755

PRK

Park National Corporation

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

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