Park National Corporation (PRK) investor relations material

Executive summary

• Net income for Q2 2025 rose 22.2% year-over-year to $48.1 million; six-month net income up 21.1% to $90.3 million.

• Diluted EPS for Q2 2025 was $2.97, up from $2.42 in Q2 2024; six-month diluted EPS was $5.56, up from $4.60.

• Total assets reached $9.95 billion at June 30, 2025, up $144.2 million from year-end 2024.

• Quarterly cash dividend of $1.07 per share declared, payable September 10, 2025.

• Loans grew 1.9% since year-end to $7.96 billion; deposits increased 1.2% to $8.24 billion.

Financial highlights

• Net interest income for the first half of 2025 was $213.4 million, up 10.3% year-over-year; Q2 2025 net interest income was $109.0 million, up 11.4%.

• Provision for credit losses decreased to $3.6 million for the six months, down from $5.3 million a year ago; Q2 2025 provision was $2.85 million, down 8.4%.

• Other income rose 11.8% to $32.2 million in Q2; for the six months, up 5.3% to $57.9 million.

• Other expense increased 5.0% to $79.0 million in Q2; for the six months, up 3.1% to $157.1 million.

• Book value per share at period end was $80.55, up 9.9% year-over-year.

Outlook and guidance

• Management expects modest impact to net income from further interest rate changes, viewing the risk profile as interest rate neutral.

• Liquidity sources are considered more than adequate for both short- and long-term needs.

• No material changes to risk factors or forward-looking statements since the last annual report.

• Management remains focused on disciplined expense control, margin expansion, and execution.

• Emphasis on navigating change and delivering long-term shareholder value.