Park National Corporation reported robust financial results for the first quarter of 2025, with net income increasing by 19.8 percent to $42.2 million, up from $35.2 million in the first quarter of 2024. Net income per diluted common share for the quarter was $2.60, compared to $2.17 for the same period in the previous year.
The company experienced continued growth in its core banking operations, with total loans increasing by 0.9 percent during the first quarter of 2025, representing a 3.5 percent annualized growth rate. Reported period-end deposits also grew by 0.7 percent, or 2.9 percent annualized, and by 2.3 percent, or 9.5 percent annualized, when including off-balance sheet deposits.
Park's board of directors declared a quarterly cash dividend of $1.07 per common share. This dividend is payable on June 10, 2025, to common shareholders of record as of May 16, 2025. Total assets for Park National Corporation stood at $9.9 billion as of March 31, 2025.
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