Skip to Main Content


Businesses: Get our latest update on the Paycheck Protection Program

Login Menu
Loading Branch
Looking for a location near you?

Simply click the target to find your nearest banking office or enter your ZIP code and press search.

Park National Corporation reports third quarter 2015 financial results and declares quarterly dividend

October 26, 2015

Income rises with commercial and retail lending growth

NEWARK, Ohio – Park National Corporation (Park) (NYSE MKT: PRK) today announced financial results for the third quarter and first nine months of 2015, including increased net income and continued loan growth in the commercial, consumer, and mortgage categories. The board of directors also declared a quarterly cash dividend of $0.94 per common share, payable on December 10, 2015 to common shareholders of record as of November 20, 2015.

Park’s net income for the three months ended September 30, 2015 (third quarter) was $20.0 million, compared to $18.3 million for the same period in 2014, an increase of $1.7 million or 9.7 percent. Net income per diluted common share for the third quarter of 2015 was $1.30, compared to $1.19 in the same period of 2014. Net income for the nine months ended September 30, 2015 (first nine months) was $60.1 million, compared to $59.7 million for the same period in 2014. Net income per diluted common share for the first nine months of 2015 was $3.90, compared to $3.87 in the same period of 2014.

Park’s community-banking subsidiary, The Park National Bank, reported net income of $61.2 million for the nine months ended September 30, 2015, compared to net income of $60.9 million for the same period of 2014. The Park National Bank had total assets of $7.2 billion at September 30, 2015 and $6.9 billion at September 30, 2014. This performance generated an annualized return on average assets of 1.14 percent and 1.21 percent for the bank for the first nine-month periods of 2015 and 2014, respectively.

The Park National Bank loan portfolio expanded during the third quarter of 2015. Loans outstanding at September 30, 2015 were $4.96 billion, compared to $4.86 billion at June 30, 2015, an increase of $100 million or an annualized 8.19 percent. The bank reported growth in the third quarter across all loan categories: mortgage loan growth of $10 million (3.2 percent annualized), commercial loan growth of $70 million (11.4 percent annualized) and consumer loan growth of $20 million (8.4 percent annualized).

“This quarter, our strong lending capabilities combined with our reputation for reliability created more opportunities for us to serve business owners and families,” said Park Chief Executive Officer David L. Trautman. “We continue to focus our energy and resources on being a top provider of financing.”

About Park National Corporation

Headquartered in Newark, Ohio, Park National Corporation had $7.3 billion in total assets (as of September 30, 2015). The Park organization principally consists of 11 community bank divisions, a non-bank subsidiary and two specialty finance companies. Park’s Ohio-based banking operations are conducted through Park subsidiary The Park National Bank and its divisions, which include Fairfield National Bank Division, Richland Bank Division, Century National Bank Division, First-Knox National Bank Division, Farmers Bank Division, United Bank, N.A. Division, Second National Bank Division, Security National Bank Division, Unity National Bank Division, and The Park National Bank of Southwest Ohio & Northern Kentucky Division; and Scope Leasing, Inc. (d.b.a. Scope Aircraft Finance). The Park organization also includes Guardian Financial Services Company (d.b.a. Guardian Finance Company) and SE Property Holdings, LLC.

Media contact: Bethany Lewis, 740.349.0421,
Investor contact: Brady Burt, 740.322.6844,

Park National Corporation
50 N. Third Street, Newark, Ohio 43055

View the safe harbor statement, full disclosures and financial tables.

Previous Post: Park National Corporation reports 2nd quarter 2015 financial results and declares dividend Learn More

Next Post: Second National introduces new business banking mobile app Learn More

Ready to get started?
Contact Us Anytime 937-548-2122
Low angle view of happy young parents having fun with their little girls in the forest and enjoying in autumn day.
Estate planning: Not just for the wealthy

The word estate conjures up notions of mansions, second homes, expensive cars and money galore.…

Learn More

A photo of female friends gossiping on sofa. Happy young women looking at each other. Both are in casuals at home. They are in brightly lit room.
Investing and retirement planning: 5 things to consider

When you think about retirement, you should ask yourself a lot of questions. How old…

Learn More

Portrait of a beautiful young woman working from home on her laptop.
7 Financial Tips for College Freshman

For many young adults, college is the first time they control the majority of their…

Learn More