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Last $87.37 USD
Change Today -0.12 / -0.14%
Volume 14.5K
PRK On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 7:34 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

park national corp (PRK) Key Developments

Park National Corp. Announces Board and Committee Changes, Effective June 1, 2015

On April 27, 2015, upon the recommendation of its Nominating and Corporate Governance Committee, the Board of Directors of Park National Corporation elected Julia A. Sloat to fill the vacancy in the class of directors whose terms are to expire at the 2018 Annual Meeting of Shareholders of Park. Ms. Sloat's election will be effective June 1, 2015. On April 27, 2015, the Park Board also appointed Ms. Sloat to serve as a member of each of the Investment Committee and the Risk Committee of the Park Board, with each such appointment to be effective upon her becoming a director of Park. Ms. Sloat is Senior Vice President and Treasurer at American Electric Power. Additionally, on April 27, 2015, upon the recommendation of its Nominating and Corporate Governance Committee, the Park Board approved an increase in the number of directors to 13 and elected Alicia Sweet Hupp to fill the vacancy created by the increase. Ms. Hupp's election to the class of directors whose terms are to expire at the 2017 Annual Meeting of Shareholders of Park will be effective June 1, 2015. On April 27, 2015, the Park Board also appointed Ms. Hupp to serve as a member of each of the Audit Committee and the Nominating and Corporate Governance Committee of the Park Board, with each such appointment to be effective upon her becoming a director of Park. Ms. Hupp is President, Chief Executive Officer and Chairman of the Board at Sweet Manufacturing Company.

Park National Corp. Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015

Park National Corp. reported consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company reported total interest income of $65,018,000 compared to $64,342,000 a year ago. Net interest income was $55,535,000 compared to $54,480,000 a year ago. Income before income taxes was $27,056,000 compared to $27,574,000 a year ago. Net income was $19,044,000 or $1.23 per diluted share compared to $19,577,000 or $1.27 per diluted share a year ago. Book value per common share was $46.02 compared to $43.17 a year ago. Return on average assets was 1.07% compared to 1.17% a year ago. Return on average equity was 10.95% compared to 12.03% a year ago. Tangible book value per share was $41.32 compared to $38.47 a year ago. For the quarter, on parent basis, the company reported net interest income was $110,000 compared to net interest expense of $402,000 a year ago. Loss before income taxes was $1,702,000 compared to $2,386,000 a year ago. Net loss was $694,000 compared to $904,000 a year ago.

Park National Corp. Declares Quarterly Dividend Payable on June 10, 2015

Park National Corporation announced the board of directors declared a quarterly cash dividend of $0.94 per common share, payable on June 10, 2015 to common shareholders of record as of May 22, 2015.

Park National Corp., Annual General Meeting, Apr 27, 2015

Park National Corp., Annual General Meeting, Apr 27, 2015., at 14:00 US Eastern Standard Time. Location: At the offices of The Park National Bank. Agenda: To elect three directors, each to serve for a term of three years to expire at the annual meeting of shareholders to be held in 2018; to consider and vote upon a non-binding advisory resolution to approve the compensation of the company’s named executive officers; to consider and vote upon a proposal to ratify the appointment of Crowe Horwath LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2015; and to transact any other business which properly comes before the annual meeting.

Park National Corp. and The Park National Bank Inc. Announces Directorate Changes

On January 22, 2015, William T. McConnell, who currently serves in the class of directors of Park National Corp. whose terms expire at the 2015 annual meeting of shareholders, notified the company that he had decided to retire and not stand for re-election to the board of directors. Mr. McConnell's term as a director of the company will expire immediately prior to the 2015 annual meeting, which will be held on April 27, 2015. In addition, Mr. McConnell will retire as a director of the company’s national banking association subsidiary, The Park National Bank, effective April 27, 2015. Mr. McConnell has served as a director of the company since 1986 and as a member of the board of directors of Park National Bank since 1977, a span of nearly five decades. On January 26, 2015, upon the recommendation of its nominating and corporate governance committee, the board of directors of Park elected James R. DeRoberts to fill the vacancy in the class of directors whose terms are to expire at the 2017 annual meeting of shareholders. Mr. DeRoberts' election will be effective February 16, 2015. On January 27, 2015, the board of directors of Park National Bank also elected Mr. DeRoberts as a director, effective February 16, 2015. Mr. DeRoberts is a partner at Gardiner Allen DeRoberts Insurance located in Columbus, Ohio. On January 26, 2015, the Park board of directors also appointed Mr. DeRoberts to serve on the investment committee and the risk committee of the board, effective upon his becoming a director of Park.

 

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PRK

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Price/Earnings 16.1x
Price/Sales 4.4x
Price/Book 1.9x
Price/Cash Flow 16.1x
TEV/Sales NM Not Meaningful
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