NYSE$PRK

Park National Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported financial results, showing an increase in net income and earnings per share compared to the same quarter last year.

Park National Corporation reported a net income of $38.2 million for the third quarter of 2024, a 3.5% increase compared to the third quarter of 2023. The company's net interest margin also improved to 4.45%.

  • Net income for Q3 2024 increased by 3.5% to $38.2 million compared to Q3 2023.
  • Earnings per diluted common share rose to $2.35 in Q3 2024, compared to $2.28 in Q3 2023.
  • Net interest margin improved to 4.45% for the three months ended September 30, 2024, compared to 4.12% for the same period in 2023.
  • Total assets reached $9.9 billion as of September 30, 2024.

Headline financials

Total Revenue

$138M

Previous: $122M+12.8%
EPS

$2.35

Previous: $2.28+3.1%
Net Interest Margin

4.5%

Previous: 4.1%+8.0%
Efficiency Ratio

62.0%

Previous: 63.3%-2.0%
Return on Avg Assets

1.5%

Previous: 1.5%+4.1%
Capital Expenditures

-$7.09M

Previous: -$5.86M-21.1%
Free Cash Flow

$31.1M

Previous: $31.1M+0.2%
Net Income

$38.2M

Previous: $36.9M+3.5%
Operating Income

$60.6M

Previous: $63.8M-4.9%
Gross Profit

$121M

Previous: $120M+0.5%
Cash & Equivalents

$202M

Previous: $224M-9.8%
Total Assets

$9.9B

Previous: $10B-1.0%
Stock-Based Comp

$1.63M

Previous: $1.27M+28.0%

Revenue & EPS history

Park National · Revenue · Quarterly

$138M

Q3 2024+12.8%vs Q3 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Park National Corporation did not provide specific forward guidance in the earnings report. The report focused on historical performance and current financial standing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.0%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+2.9%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+9.8%

Q2 2024

Best reaction

-9.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+0.2%-1.9%
Q4 2025-0.3%+1.0%+6.4%
Q3 2025+1.8%+3.6%+3.3%
Q2 2025-2.3%-1.7%-0.5%
Q1 2025-0.3%+0.4%+0.8%
Q4 2024+1.3%+0.3%-3.9%
Q3 2024+7.4%+3.6%+15.3%
Q2 2024+9.8%+10.8%-1.4%
Q1 2024+6.9%+9.8%+13.7%
Q4 2023+0.9%+3.5%-1.6%
Q3 2023+3.3%+7.0%+19.7%
Q2 2023-3.4%-0.6%-8.2%
Q1 2023+0.9%-4.4%-8.7%
Q4 2022-9.1%-11.0%-6.8%
Q3 2022+2.9%+8.2%+8.9%
Q2 2022+1.3%+3.3%+6.4%
Q1 2022-2.4%-4.7%-6.8%
Q4 2021+3.5%+1.4%-1.0%
Q3 2021+3.0%+2.8%+14.3%
Q2 2021+0.2%+3.1%+8.0%
Q1 2021+2.7%+2.2%+2.5%
Q4 2020+0.1%-5.0%+13.0%
Q3 2020-1.9%-3.3%+12.8%
Q2 2020-0.3%+24.2%+28.6%
Q1 2020+6.7%+6.0%+4.2%
Q4 2019-5.3%-5.0%-10.7%
Q3 2019+3.5%+3.7%+3.0%
Q2 2019-5.9%-3.8%-6.0%
Q1 2019-0.6%+3.5%+3.2%
Q4 2018+0.1%+3.5%+7.8%
Q3 2018-8.8%-5.1%-4.4%
Q2 2018-0.7%-2.5%-1.7%
Q1 2018+3.8%+3.4%+7.7%
Q4 2017-2.3%-3.8%-3.1%
Q3 2017-0.8%+0.6%-3.1%
Q2 2017-2.3%-4.4%-6.5%
Q1 2017+1.5%+3.9%-5.6%
Q4 2016+0.2%+0.6%-3.8%
Q3 2016+2.1%+1.0%+19.5%
Q2 2016-6.3%-6.4%+0.7%
Q1 2016-2.8%
Q4 2015-1.6%
Q3 2015-3.8%
Q2 2015+1.2%
Q1 2015-2.3%
Q4 2014-0.4%
Q3 2014+4.4%
Q2 2014+1.7%
Q1 2014-0.3%
Q4 2013-1.4%
Q3 2013-0.2%
Q2 2013+2.2%
Q1 2013+1.2%
Q4 2012-0.1%
Q3 2012-5.0%
Q2 2012+3.0%
Q1 2012+1.1%
Q4 2010-2.2%
Q4 2011-2.2%
Q3 2011-3.7%
Q2 2011-2.9%
Q1 2010-0.7%
Q1 2011+2.0%
Q4 2009-1.2%
Q4 2008-1.2%
Q3 2009+1.6%
Q3 2010+1.6%
Q2 2009+0.2%
Q2 2010+0.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro