Park National Corp. (PRK)

NYSE MKTFinancialsBanks - RegionalSnapshot 2026-10-23

$182.99-0.38%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Park National Corp.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	177.78M
EPS	—	3.36
Annual ending 2026-12-31
Revenue	—	691.11M
EPS	—	12.996
Annual ending 2027-12-31
Revenue	—	712.17M
EPS	—	13.298

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Total assets grow to at least $12.9 billion	grew total assets to $12.984 billion by Q1 2026 through acquisition.	Intact	total assets fall below $12.0 billion	Total assets: $12.677B FY2026-Q2; GAAP. Published target: >= $12.9 billion. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 7, 202612,677,010,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 34d3aa04-f085-4db2-9d16-798bef732ead. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Park completed the acquisition of First Citizens Bancshares in 2026-Q1, expanding total assets from $9.8B at 2025-Q4 to $12.7B at 2026-Q2, loans from $8.05B to $9.73B, and deposits from $8.24B to $10.67B. Management has consistently emphasized this acquisition as central to growth, and the financials show delivering on this priority. Delivery assessment Oct 24, 2026
Maintain or increase dividend payout per share	It maintains a stable dividend, recently raised to $1.10 per share.	Intact	dividend per share falls below $1.05	Dividend per share: $1.10 per share FY2026-Q2; GAAP. Published target: >= $1.10 per share. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 7, 20261.1 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 34d3aa04-f085-4db2-9d16-798bef732ead. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Maintained as a priority in 4 of last 4 quarters. The quarterly cash dividend per share increased slightly from $1.07 in 2025-Q3 to $1.10 in 2026-Q1 and remained at $1.10 in 2026-Q2. Management has consistently declared and maintained this dividend level, demonstrating delivery on the capital allocation commitment. Delivery assessment Oct 24, 2026
EPS at least $11.11 in 2026	A primary condition in Park National Corp.'s published investment case. The stated target is >= $11.11.	Intact	EPS guidance falls below $11.11 for 2026	Diluted EPS: $3.23 per share FY2026-Q2; GAAP. Published target: >= $11.11. Target period ends 2026-12-31; this observation covers 2026-Q2. Source published Aug 7, 20263.23 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 34d3aa04-f085-4db2-9d16-798bef732ead. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Operating income at least $51 million	A supporting condition in Park National Corp.'s published investment case. The stated target is >= $51 million.	Intact	operating income falls below $50 million	Operating income: $-51.677M FY2026-Q2; GAAP. Published target: >= $51 million. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 7, 2026-51,677,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Net income grew from $48.1M in 2025-Q2 to $58.8M in 2026-Q2 (+22.1%), and operating income rose from $59.3M to $72.9M (+22.8%) over the same period. Management's focus on disciplined execution and customer service aligns with this positive financial trajectory, indicating delivery on this priority. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue: comparable history unavailable.

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	4 / 3
2026-07-25	Unavailable	Unavailable	4 / 3
2026-07-26	Unavailable	Unavailable	4 / 3
2026-07-27	Unavailable	Unavailable	3 / 2
2026-07-28	Unavailable	Unavailable	4 / 3
2026-07-29	Unavailable	Unavailable	4 / 3
2026-07-30	Unavailable	Unavailable	4 / 3
2026-07-31	Unavailable	Unavailable	3 / 2
2026-08-01	Unavailable	Unavailable	3 / 2
2026-08-02	Unavailable	Unavailable	3 / 2
2026-08-03	Unavailable	Unavailable	3 / 2
2026-08-04	Unavailable	Unavailable	3 / 2
2026-08-05	Unavailable	Unavailable	4 / 3
2026-08-06	Unavailable	Unavailable	3 / 2
2026-08-07	Unavailable	Unavailable	3 / 2
2026-08-08	Unavailable	Unavailable	4 / 3
2026-08-09	Unavailable	Unavailable	4 / 3
2026-08-10	Unavailable	Unavailable	3 / 2
2026-08-12	Unavailable	Unavailable	4 / 3
2026-08-13	Unavailable	Unavailable	3 / 2
2026-08-14	Unavailable	Unavailable	3 / 2
2026-08-15	Unavailable	Unavailable	3 / 2
2026-08-16	Unavailable	Unavailable	3 / 2
2026-08-17	Unavailable	Unavailable	3 / 2
2026-08-18	Unavailable	Unavailable	3 / 2
2026-08-19	Unavailable	Unavailable	3 / 2
2026-08-20	Unavailable	Unavailable	3 / 2
2026-08-21	Unavailable	Unavailable	3 / 2
2026-08-22	Unavailable	Unavailable	3 / 2
2026-08-23	Unavailable	Unavailable	3 / 2
2026-08-24	Unavailable	Unavailable	3 / 2
2026-08-25	Unavailable	Unavailable	3 / 2
2026-08-26	Unavailable	Unavailable	3 / 2
2026-08-27	Unavailable	Unavailable	3 / 2
2026-08-28	Unavailable	Unavailable	3 / 2
2026-08-29	Unavailable	Unavailable	3 / 2
2026-08-30	Unavailable	Unavailable	3 / 2
2026-08-31	Unavailable	Unavailable	3 / 2
2026-09-01	Unavailable	Unavailable	3 / 2
2026-09-02	Unavailable	Unavailable	3 / 2
2026-09-03	Unavailable	Unavailable	3 / 2
2026-09-04	Unavailable	Unavailable	3 / 2
2026-09-05	Unavailable	Unavailable	3 / 2
2026-09-06	Unavailable	Unavailable	3 / 2
2026-09-07	Unavailable	Unavailable	3 / 2
2026-09-08	Unavailable	Unavailable	3 / 2
2026-09-09	Unavailable	Unavailable	3 / 2
2026-09-10	Unavailable	Unavailable	3 / 2
2026-09-11	Unavailable	Unavailable	3 / 2
2026-09-12	Unavailable	Unavailable	3 / 2
2026-09-13	Unavailable	Unavailable	3 / 2
2026-09-14	Unavailable	Unavailable	3 / 2
2026-09-15	Unavailable	Unavailable	3 / 2
2026-09-16	Unavailable	Unavailable	3 / 2
2026-09-17	Unavailable	Unavailable	3 / 2
2026-09-18	Unavailable	Unavailable	3 / 2
2026-09-19	Unavailable	Unavailable	3 / 2
2026-09-20	Unavailable	Unavailable	3 / 2
2026-09-21	Unavailable	Unavailable	3 / 2
2026-09-22	Unavailable	Unavailable	3 / 2
2026-09-23	Unavailable	Unavailable	3 / 2
2026-09-24	Unavailable	Unavailable	3 / 2
2026-09-25	Unavailable	Unavailable	3 / 2
2026-09-26	Unavailable	Unavailable	4 / 3
2026-09-27	Unavailable	Unavailable	4 / 3
2026-09-28	Unavailable	Unavailable	4 / 3
2026-09-29	Unavailable	Unavailable	4 / 3
2026-09-30	Unavailable	Unavailable	4 / 3
2026-10-01	Unavailable	Unavailable	4 / 3
2026-10-02	Unavailable	Unavailable	4 / 3
2026-10-03	Unavailable	Unavailable	4 / 3
2026-10-04	Unavailable	Unavailable	4 / 3
2026-10-05	Unavailable	Unavailable	4 / 3
2026-10-06	Unavailable	Unavailable	4 / 3
2026-10-07	Unavailable	Unavailable	4 / 3
2026-10-08	Unavailable	Unavailable	4 / 3
2026-10-09	Unavailable	Unavailable	4 / 3
2026-10-10	Unavailable	Unavailable	4 / 3
2026-10-11	Unavailable	Unavailable	4 / 3
2026-10-12	Unavailable	Unavailable	4 / 3
2026-10-13	Unavailable	Unavailable	4 / 3
2026-10-14	Unavailable	Unavailable	4 / 3
2026-10-15	Unavailable	Unavailable	4 / 3
2026-10-16	Unavailable	Unavailable	4 / 3
2026-10-17	Unavailable	Unavailable	4 / 3
2026-10-18	Unavailable	Unavailable	4 / 3
2026-10-19	Unavailable	Unavailable	4 / 3
2026-10-20	Unavailable	Unavailable	4 / 3
2026-10-21	Unavailable	Unavailable	4 / 3
2026-10-22	Unavailable	Unavailable	4 / 3
2026-10-23	Unavailable	Unavailable	4 / 3
2026-10-24	Unavailable	Unavailable	4 / 3

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	0	4	0
2026-06-01	0	3	0
2026-07-01	0	4	0
2026-08-01	0	4	0
2026-09-01	0	5	0
2026-10-01	0	5	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 0 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

National BankSep 25

$190.00New observation · no comparable prior

$0$104.50$209.00

0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Total assets grow to at least $12.9 billionTotal assets: $12.677B
Maintain or increase dividend payout per shareDividend per share: $1.10 per share
EPS at least $11.11 in 2026Diluted EPS: $3.23 per share
Operating income at least $51 millionOperating income: $-51.677M

Next proof point

Oct 26, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.9%Typical daily move · historical

Downside history

-17.4%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Park National Corp. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

PRK is a regional bank with a growth thesis tied to acquisitions, income growth, and a maintained dividend. Management has delivered on these priorities so far, but the current thesis state is watch because recent financial performance trails its industry cohort.

What's priced into Park National Corp.

The valuation is tagged as stretched, with a durable premium to peers and an expectations gap of 0.21. Fragility is rated low, but the premium leaves the multi-year view dependent on continued execution.

What the fundamentals likely do

Near term, the completed First Citizens acquisition has expanded assets, loans, and deposits, while operating income and net income rose year over year through 2026-Q2. Management has maintained the dividend, but company momentum has weakened and sector conditions are a headwind. The next guidance update and interest-rate conditions are key near-term risks.

What Park National Corp. hinges on

The thesis depends on PRK turning its larger post-acquisition balance sheet into sustained income growth while maintaining its dividend. A guidance cut or falling rates could weigh on the setup; continued earnings strength among financial-sector bellwethers could support sector momentum.