U.S. markets open in 3 hours 15 minutes
  • S&P Futures

    3,850.75
    +41.50 (+1.09%)
     
  • Dow Futures

    31,221.00
    +309.00 (+1.00%)
     
  • Nasdaq Futures

    13,095.50
    +184.50 (+1.43%)
     
  • Russell 2000 Futures

    2,245.60
    +46.40 (+2.11%)
     
  • Crude Oil

    62.31
    +0.81 (+1.32%)
     
  • Gold

    1,744.50
    +15.70 (+0.91%)
     
  • Silver

    26.97
    +0.52 (+1.99%)
     
  • EUR/USD

    1.2055
    -0.0032 (-0.27%)
     
  • 10-Yr Bond

    1.4600
    0.0000 (0.00%)
     
  • Vix

    24.95
    -3.94 (-13.64%)
     
  • GBP/USD

    1.3975
    +0.0052 (+0.38%)
     
  • USD/JPY

    106.6940
    +0.1920 (+0.18%)
     
  • BTC-USD

    47,737.12
    +2,600.67 (+5.76%)
     
  • CMC Crypto 200

    959.83
    +26.69 (+2.86%)
     
  • FTSE 100

    6,587.00
    +103.57 (+1.60%)
     
  • Nikkei 225

    29,663.50
    +697.49 (+2.41%)
     

Park National: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

NEWARK, Ohio (AP) _ Park National Corp. (PRK) on Monday reported fourth-quarter net income of $45.2 million.

The Newark, Ohio-based bank said it had earnings of $2.75 per share. Earnings, adjusted for non-recurring gains, were $2.73 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.

The financial services holding company posted revenue of $127.5 million in the period. Its revenue net of interest expense was $122 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $115.6 million.

For the year, the company reported profit of $127.9 million, or $7.80 per share. Revenue was reported as $453.3 million.

Park National shares have risen almost 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $112.26, a rise of 12% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRK at https://www.zacks.com/ap/PRK