Park National (PRK) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $42.6 million, up 10.4% year-over-year; full-year net income reached $180.1 million, an 18.9% increase from 2024.

• Diluted EPS for Q4 2025 was $2.63, up from $2.37 in Q4 2024; full-year diluted EPS was $11.11, up from $9.32.

• Quarterly cash dividend increased to $1.10 per share, with a special dividend of $1.25 declared for the year.

• Total assets as of December 31, 2025, were $9.8 billion.

• Anticipated closing of First Citizens Bancshares, Inc. acquisition on February 1, 2026.

Financial highlights

• Net interest income for 2025 was $437.3 million, up 9.9% year-over-year.

• Other income for 2025 was $119.9 million, down 2.2% from 2024.

• Other expense for 2025 was $324.4 million, up 0.9% year-over-year.

• Return on average assets for 2025 was 1.78%, up from 1.53% in 2024.

• Return on average shareholders' equity for 2025 was 13.80%, up from 12.65%.

Outlook and guidance

• Management is optimistic about the upcoming integration with First Citizens Bancshares, expecting new growth opportunities.