Park National Corp. is a holding company, which engages in the provision of banking and non-banking financial services through its subsidiaries. It operates through the following segments: Park National Bank (PNB), Guardian Financial Services Company (GFSC), and All Other. The PNB segment provides general banking and trust services in Ohio, Kentucky, North Carolina, and South Carolina. The GFSC segment offers consumer finance services in the central Ohio area. The All Other segment consists of Park's operations as parent company, as well as SE Property Holdings LLC, a non-bank subsidiary. The company was founded in 1986 and is headquartered in Newark, OH.

Company profile
Ticker
PRK
Exchange
Website
CEO
David L. Trautman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Park ABQ, LLC • River Park Properties, LLC • X Holdings, LLC • NSCB 2, LLC • Guardian Financial Services Company • SE Property Holdings, LLC • Vision-Park Properties, L.L.C. • Alabama Apartment Holdings, LLC • 87A Orange Beach, LLC • Morningside Holding, LLC ...
IRS number
311179518
PRK stock data
Investment data
Securities sold
Number of investors
Top 50 of 266 long holdings End of quarter 31 Mar 22 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
---|---|---|---|---|
$186.17M | 1.42M | 1.43M | -1.0 | |
$139.71M | 800.12K | 815.63K | -1.9 | |
$130.67M | 423.82K | 427.68K | -0.9 | |
First Trust Preferred Securiti
|
$85.55M | 4.5M | 4.39M | +2.3 |
$67.47M | 494.93K | 498.98K | -0.8 | |
$56.98M | 20.49K | 21.01K | -2.5 | |
$51.84M | 244.27K | 248.15K | -1.6 | |
$50.91M | 287.23K | 292.18K | -1.7 | |
$46.82M | 341.32K | 348.45K | -2.0 | |
$45.22M | 382.01K | 384.77K | -0.7 | |
$40.76M | 266.74K | 273.51K | -2.5 | |
$38.93M | 239.1K | 257.15K | -7.0 | |
$38.78M | 174.87K | 176.78K | -1.1 | |
$35.92M | 106.52K | 103.67K | +2.8 | |
$35.46M | 263.55K | 263.42K | +0.1 | |
$34.06M | 727.39K | 714.04K | +1.9 | |
$33.45M | 893.31K | 880.28K | +1.5 | |
$30.41M | 103.67K | 105K | -1.3 | |
$27.64M | 326.33K | 328.98K | -0.8 | |
$27.37M | 163.5K | 165.85K | -1.4 | |
$27.24M | 147.66K | 148.59K | -0.6 | |
$26.93M | 497.75K | 414.52K | +20.1 | |
$26.89M | 653.13K | 602.13K | +8.5 | |
$26.65M | 477.86K | 414.87K | +15.2 | |
$25.81M | 162.86K | 156.89K | +3.8 | |
$25.34M | 33.16K | 31.98K | +3.7 | |
$24.86M | 150.47K | 144.86K | +3.9 | |
$23.87M | 309.24K | 269.95K | +14.6 | |
$22.98M | 173.91K | 175.22K | -0.8 | |
$22.68M | 91.71K | 89.64K | +2.3 | |
$22.67M | 54.57K | 54.55K | 0 | |
$22.65M | 226.51K | 256.79K | -11.8 | |
$22.41M | 187.27K | 185.8K | +0.8 | |
$22.18M | 145.16K | 141.09K | +2.9 | |
$22.07M | 355.88K | 357.08K | -0.3 | |
$21.66M | 418.28K | 409.72K | +2.1 | |
$21.33M | 358.35K | 385.46K | -7.0 | |
$21.09M | 51.43K | 49.98K | +2.9 | |
$20.32M | 107.75K | 106.69K | +1.0 | |
$19.68M | 132.15K | 148.75K | -11.2 | |
$19.49M | 5.98K | 5.8K | +3.1 | |
$19.35M | 191.16K | 198.59K | -3.7 | |
$18.47M | 447.07K | 483.4K | -7.5 | |
$18.43M | 371.78K | 410.73K | -9.5 | |
$18.29M | 8.4K | 9.01K | -6.8 | |
First Trust Value Line Dividen
|
$18.19M | 430.05K | 391.61K | +9.8 |
$17.21M | 148.79K | 101.3K | +46.9 | |
$17.18M | 29.84K | 29.77K | +0.2 | |
$17.12M | 207.31K | 192.05K | +7.9 | |
$17.11M | 57.17K | 58.47K | -2.2 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
3 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 246.89M | 246.89M | 246.89M | 246.89M | 246.89M | 246.89M |
Cash burn (monthly) | (no burn) | 58.03M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 166.77M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 80.12M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 1.4 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Mar 22 | Miller Matthew R | Common Shares | Payment of exercise | Dispose F | No | No | 131.38 | 391.765 | 51.47K | 1,057.984 |
31 Mar 22 | Miller Matthew R | Common Shares | Option exercise | Acquire M | No | No | 0 | 850 | 0 | 1,449.749 |
31 Mar 22 | Miller Matthew R | Common Shares | Payment of exercise | Dispose F | No | No | 131.38 | 512.751 | 67.37K | 599.749 |
31 Mar 22 | Miller Matthew R | Common Shares | Grant | Acquire A | No | No | 0 | 1,112.5 | 0 | 1,112.5 |
31 Mar 22 | Miller Matthew R | PBRSUs Common Shares | Grant | Acquire A | No | No | 0 | 1,112.5 | 0 | 1,112.5 |
31 Mar 22 | Miller Matthew R | PBRSUs Common Shares | Option exercise | Dispose M | No | No | 0 | 850 | 0 | 0 |
31 Mar 22 | Delawder Dan | Common Shares | Payment of exercise | Dispose F | No | No | 131.38 | 333.412 | 43.8K | 58,381.184 |
31 Mar 22 | Delawder Dan | Common Shares | Option exercise | Acquire M | No | No | 0 | 1,062.5 | 0 | 58,714.596 |
31 Mar 22 | Delawder Dan | Common Shares | Payment of exercise | Dispose F | No | No | 131.38 | 523.654 | 68.8K | 57,652.096 |
31 Mar 22 | Delawder Dan | Common Shares | Grant | Acquire A | No | No | 0 | 1,668.75 | 0 | 58,175.75 |
Institutional ownership, Q1 2022
51.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 158 |
Opened positions | 18 |
Closed positions | 17 |
Increased positions | 47 |
Reduced positions | 47 |
13F shares | Current |
---|---|
Total value | 2.29B |
Total shares | 8.34M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.27M | $298.86M |
Vanguard | 1.57M | $206.32M |
PRK Park National | 1.42M | $186.17M |
STT State Street | 561.05K | $73.71M |
Dimensional Fund Advisors | 387.91K | $50.96M |
Geode Capital Management | 249.36K | $32.76M |
NTRS Northern Trust | 189.98K | $24.96M |
BK Bank Of New York Mellon | 171.41K | $22.52M |
Charles Schwab Investment Management | 137.3K | $18.04M |
PFG Principal Financial Group Inc - Registered Shares | 95.4K | $12.53M |
Financial report summary
?Risks
- Cautionary Statement Regarding Forward-Looking Information
- The economic impact of COVID-19 or any other pandemic could adversely affect our business, financial condition, liquidity, and results of operations.
- Changes in economic and political conditions could adversely affect our earnings and capital through declines in deposits, quality of investment securities, loan demand, our borrowers’ ability to repay loans, and the value of the collateral securing our loans.
- Changes in interest rates could have a material adverse effect on our financial condition, results of operations and cash flows.
- Changes in the general economic conditions and real estate valuations in our primary market areas could adversely impact results of operations, financial condition and cash flows.
- The transition away from the London Interbank Offered Rate ("LIBOR") as a reference rate for financial instruments could negatively affect our income and expenses and the value of various financial instruments.
- We are exposed to operational risk.
- Failures or material breaches in security of our systems, or those of third-party service providers, may have a material adverse effect on our results of operations and financial condition and the price of our Common Shares.
- We extend credit to a variety of customers based on certain internal standards and the judgment of our loan officers. Our credit standards and on-going process of credit assessment might not protect us from significant credit losses.
- Our business and financial results are subject to risks associated with the creditworthiness of our customers and counterparties.
- Our allowance for credit losses may prove to be insufficient to absorb the expected, lifetime losses in our loan portfolio.
- We may be required to repurchase loans we have sold or to indemnify loan purchasers under the terms of the sale agreements, which could adversely affect our liquidity, results of operations and financial condition.
- We operate in a highly competitive environment, in terms of the products and services we offer and the geographic markets in which we conduct business, as well as in our labor markets where we compete for talented employees. Competition could adversely impact our customer acquisition, growth and retention, as well as our credit spreads and product pricing, causing us to lose market share and deposits and revenues.
- We may elect or be compelled to seek additional capital in the future, but that capital may not be available when it is needed.
- Our ability to pay dividends on our Common Shares is limited.
- Legislative or regulatory changes or actions could adversely impact us or the businesses in which we are engaged.
- Increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
- Deposit insurance premiums assessed on Park National Bank may increase and have a negative effect on Park’s results of operations.
- Changes in accounting standards, policies, estimates or procedures could impact our reported financial condition or results of operations.
- Our accounting estimates and risk management processes rely on analytical and forecasting models.
- Future expansion may adversely affect our financial condition and results of operations as well as dilute the interests of our shareholders and negatively affect the price of our Common Shares.
- Changes in retail distribution strategies and consumer behavior may adversely impact our investments in our financial service office premises and equipment and other assets and may lead to increased expenditures to change our retail distribution channel.
- We may be a defendant from time to time in a variety of litigation and other actions, which could have a material adverse effect on our financial condition, results of operations and cash flows.
- A default by another larger financial institution could adversely affect financial markets generally.
- Changes in tax laws could adversely affect our performance.
- Adverse changes in the financial markets may adversely impact our results of operations.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
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Financial reports
Current reports
8-K
Amendments to Articles of Incorporation or Bylaws
27 Apr 22
8-K
PA R K N AT I O N A L C O R P O R AT I O N Annual Meeting of Shareholders A P R I L 2 5 , 2 0 2 2
25 Apr 22
8-K
Park National Corporation reports financial results
22 Apr 22
8-K
Park National Corporation reports 2021 results
24 Jan 22
8-K
Departure of Directors or Certain Officers
18 Jan 22
8-K
Departure of Directors or Certain Officers
21 Dec 21
8-K
Regulation FD Disclosure
10 Nov 21
8-K
Park National Corporation reports financial results
25 Oct 21
8-K/A
Departure of Directors or Certain Officers
15 Aug 21
8-K
Termination of a Material Definitive Agreement
3 Aug 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
19 Aug 20
POSASR
Automatic shelf registration (post-effective amendment)
18 Aug 20
FWP
Free writing prospectus
17 Aug 20
FWP
Free writing prospectus
17 Aug 20
424B5
Prospectus supplement for primary offering
17 Aug 20
S-3/A
Shelf registration (amended)
17 Aug 20
425
Business combination disclosure
13 Feb 19
425
Business combination disclosure
15 Jan 19
425
Business combination disclosure
19 Dec 18
424B3
Prospectus supplement
19 Nov 18
Other
EFFECT
Notice of effectiveness
20 Nov 18
CORRESP
Correspondence with SEC
14 Nov 18
UPLOAD
Letter from SEC
7 Nov 18
EFFECT
Notice of effectiveness
4 Apr 18
CORRESP
Correspondence with SEC
3 Apr 18
UPLOAD
Letter from SEC
18 Mar 18
UPLOAD
Letter from SEC
29 Mar 12
CORRESP
Correspondence with SEC
5 Mar 12
CORRESP
Correspondence with SEC
10 Oct 11
UPLOAD
Letter from SEC
28 Sep 11
Ownership
4/A
PARK NATIONAL / DAVID L TRAUTMAN ownership change
23 May 22
4/A
PARK NATIONAL / Matthew R Miller ownership change
23 May 22
4/A
PARK NATIONAL / Kelly A Herreman ownership change
23 May 22
4/A
PARK NATIONAL / DAN DELAWDER ownership change
23 May 22
4/A
PARK NATIONAL / Brady T Burt ownership change
23 May 22
4
PARK NATIONAL / Kelly A Herreman ownership change
4 Apr 22
4
PARK NATIONAL / Brady T Burt ownership change
4 Apr 22
4
PARK NATIONAL / DAVID L TRAUTMAN ownership change
4 Apr 22
4
PARK NATIONAL / Matthew R Miller ownership change
4 Apr 22
4
PARK NATIONAL / DAN DELAWDER ownership change
4 Apr 22
Reddit threads
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