Park National completes all-stock merger with First Citizens

The latest update is out from Park National ( (PRK) ).

On February 1, 2026, Park National Corporation completed its all‑stock merger with First Citizens Bancshares, Inc., converting each First Citizens share into 0.52 of a Park common share and immediately consolidating First Citizens National Bank into The Park National Bank, which remains the surviving bank. The deal expands Park’s footprint into Tennessee, creates a combined institution with pro forma assets of $12.6 billion, deposits of $10.5 billion and loans of $9.6 billion as of December 31, 2025, and will see First Citizens National Bank operate as a division of Park National Bank until systems conversion is completed later in 2026, with no immediate changes required for customers of either bank. As part of the transaction, former First Citizens chairman and CEO Jeffrey D. Agee joined Park’s board of directors effective February 1, 2026, signed an employment agreement with Park National Bank, and will lead the company’s newly formed Tennessee Region, reinforcing leadership continuity and local-market expertise as Park executes its growth strategy in the state.

The most recent analyst rating on (PRK) stock is a Hold with a $174.00 price target. To see the full list of analyst forecasts on Park National stock, see the PRK Stock Forecast page.

Spark’s Take on PRK Stock

According to Spark, TipRanks’ AI Analyst, PRK is a Neutral.

The score is driven primarily by mixed financial performance—strong profitability and low leverage offset by weakening revenue growth and free cash flow trends. Valuation and dividend support are constructive, technicals are neutral-to-mildly positive, and corporate events (dividend boost and merger progress) add upside potential.

To see Spark’s full report on PRK stock, click here.

More about Park National

Park National Corporation, headquartered in Newark, Ohio, operates primarily through its subsidiary The Park National Bank as a community-focused banking organization, offering retail and commercial banking services across more than 100 branches in Ohio, Kentucky, North Carolina, South Carolina and, following its latest transaction, Tennessee. As of December 31, 2025, Park reported $9.8 billion in total assets, supplemented by related businesses including aircraft finance through Scope Leasing (Scope Aircraft Finance), investment activities via Park Investments, and real estate-related operations at SE Property Holdings.

Average Trading Volume: 65,000

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.62B

For detailed information about PRK stock, go to TipRanks’ Stock Analysis page.