Park National Declares Dividend Following First Citizens Acquisition

An update from Park National ( (PRK) ) is now available.

On February 1, 2026, Park National completed its all‑stock acquisition of Tennessee‑based First Citizens Bancshares, folding First Citizens National Bank into The Park National Bank and creating a new Tennessee region with $2.6 billion in acquired assets and $2.2 billion in deposits. The deal, valued at about $324 million and accounted for under acquisition accounting with provisional fair‑value marks, materially expanded Park’s balance sheet, lifted loan and fee income, increased merger‑related costs, and is still subject to measurement‑period valuation adjustments.

For the first quarter ended March 31, 2026, Park reported net income of $41.7 million, down 1.1% year on year as $15.5 million in merger expenses weighed on earnings despite a 20.5% jump in net interest income and a 31.0% rise in other income. Loans grew 20.1% and deposits 33.4% versus a year earlier—mostly from the First Citizens transaction—while the allowance for credit losses rose by $15.6 million, and on April 24, 2026 the board declared a quarterly dividend of $1.10 per share payable June 10, 2026.

The most recent analyst rating on (PRK) stock is a Hold with a $183.00 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 Outperform.

The score is driven primarily by strong fundamentals—improving profitability and a strengthened, conservatively levered balance sheet—partly tempered by inconsistent cash-flow trends. Valuation is supportive with a moderate P/E and a solid dividend yield, while technicals are mixed with neutral momentum and mild near-term weakness. Recent corporate events are a net positive due to the completed acquisition and dividend increase.

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

More about Park National

Park National Corporation is a Newark, Ohio‑based financial services holding company operating primarily through The Park National Bank, a community‑focused commercial bank. It offers retail and commercial banking, fiduciary services, mortgage and card services, alongside specialty units such as aircraft finance and investment subsidiaries, with a growing presence now extended into Tennessee.

Average Trading Volume: 86,240

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.13B

For an in-depth examination of PRK stock, go to TipRanks’ Overview page.