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Park National ( (PRK) ) has issued an update.
On January 27, 2025, Park National Corporation announced the upcoming retirement of Mark R. Ramser from its Board of Directors, effective immediately before the 2025 Annual Meeting of Shareholders scheduled for April 28, 2025. This retirement is not due to any disagreement with the company’s operations or policies. Additionally, the Compensation Committee set the 2025 base salaries and incentive compensation for Park’s executive officers, effective March 1, 2025. Park National Corporation reported significant financial growth for the year 2024, with net income for the year increasing by 19.5% to $151.4 million compared to the previous year. The company’s solid loan growth of 4.6% and steady deposits, including a 2.7% rise in off-balance sheet deposits, contributed to its success. The board declared a quarterly cash dividend of $1.07 per common share, payable on March 10, 2025.
More about Park National
Park National Corporation is a financial services company headquartered in Newark, Ohio, with total assets of $9.8 billion as of December 31, 2024. The company conducts its banking operations through its subsidiary, The Park National Bank. Other subsidiaries include Scope Leasing, Inc., Guardian Financial Services Company, and SE Property Holdings, LLC.
YTD Price Performance: -1.76%
Average Trading Volume: 62,394
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.71B
Learn more about PRK stock on TipRanks’ Stock Analysis page.
