Short answer
PARK NATIONAL CORP /OH/ (PRK) filed its fiscal 2025 10-K annual report with the SEC on Feb 23, 2026. It reported revenue of $664M (+2.9% year over year) and net income of $180M.
- Top risk flagged: Exposure to Federal Reserve Board interest rate hikes causing decline in value of government securities below current market rates
FY2025 key financial metrics · XBRL
- Revenue
- $664M
- +2.9% YoY
- Net income
- $180M
- +18.9% YoY
- EPS (diluted)
- $11.11
- +19.2% YoY
- ROE
- 13.3%
- +1.1 pp YoY
- Operating cash flow
- $198M
- +10.9% YoY
Source: XBRL data from the PARK NATIONAL CORP /OH/ (PRK) FY2025 10-K on SEC EDGAR. USD.
PARK NATIONAL CORP /OH/ FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Regional bank offering diversified financial services including banking and investment products
- No new products, services, or segments introduced or emphasized in this year's filing
- No strategic shift or changed competitive positioning disclosed compared to prior year
- Five-year annual compound total shareholder return 11.4%, compared to 14.4% for KBW NASDAQ Bank Index and 9.9% for S&P U.S. SmallCap Banks Index
- No common shares repurchased in Q4 2025; 876,088 shares remain authorized for repurchase under multiple ongoing stock buyback programs
Management Discussion & Analysis
- Deposits increased to $8,244M in 2025 from $8,144M in 2024, up $100M or 1.1% including off-balance sheet deposits totaling $8,349M
- Cost of interest bearing deposits declined to 1.71% in 2025 from 1.97% in 2024; public funds deposits decreased 1.3% to $1,337M
- Short-term borrowings decreased to $82M at 2025 YE from $90M in 2024; average interest rate on borrowings dropped to 1.45% from 2.60%
- Redeemed $190M subordinated notes in 2025 using cash on hand; no subordinated debt outstanding at 2025 YE
- No direct revenue, earnings, margin or full profit figures disclosed; pension assumptions discount rate 5.95%, expected return on assets 6.92% in 2025 vs 5.89% and 6.92% in 2024; no forward-looking guidance provided in text
Risk Factors
- Exposure to Federal Reserve Board interest rate hikes causing decline in value of government securities below current market rates
- Geopolitical risks from military conflicts in Ukraine and Middle East impacting U.S. economy and customers’ loan repayment ability
- Concentration in real estate loans with collateral value sensitive to property price declines impairing foreclosure recovery
- Inflation-driven increase in noninterest expenses and reduced customer loan repayment capacity affecting earnings and cash flow
- Interest rate spread volatility risk from Federal Reserve monetary policy impacting net interest income and cash flows
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