Park National Corp. Reports Strong Q4 Earnings, Revenue
NEWARK, Ohio -- Park National Corp. (PRK) announced net income of $38.6 million for its fourth quarter, an increase of 0.83%.
On a per-share basis, the Newark, Ohio-based bank reported earnings of $2.37. Excluding non-recurring gains, adjusted earnings per share were $2.36.
Revenue during the period reached $164.7 million. Net of interest expense, revenue totaled $134.5 million, surpassing analysts' expectations.
For the full year, the company recorded a profit of $151.4 million, or $9.32 per share. Annual revenue amounted to $520.6 million.