Park National Corporation Investor Presentation

Park National Corporation (PRK) has released an investor presentation detailing its financial performance and strategic position as of March 31, 2026. The company, with $13.0 billion in assets, recently acquired First Citizens Bancshares, Inc. PRK highlights its strong profitability, with adjusted return on average assets at 1.83% and return on average tangible common equity at 16.21% for Q1 2026. The company maintains a high-quality, low-cost funding base, with 28% of deposits being non-interest bearing. Revenue diversification is also noted, with over 21% coming from non-interest income. PRK emphasizes its historically strong credit quality, with net charge-offs well below peer levels, and a robust capital base, evidenced by a 13.5% CET1 ratio. The presentation also details the company's M&A strategy, focusing on traditional community bank acquisitions and expansion into attractive metro markets. Financial highlights for Q1 2026 include a growing book value per common share, adjusted net income of $53.5 million, and loan growth to $9.67 billion. The company exhibits a stable net interest margin and diverse fee income streams, primarily from wealth management, mortgage banking, and retail banking.