Park National (PRK) investor relations material

Executive summary

• Q3 reported net income rose 20.7% YoY to $56.9M; adjusted net income was $61.2M. Nine-month reported net income increased 14.5% to $157.4M.

• Total assets were $12.65B at September 30, 2026; loans totaled $9.77B and deposits $10.62B, including First Citizens acquisition balances.

• First Citizens integration, including conversion to core operating systems, was substantially completed in Q3; the Tennessee franchise was tracking acquisition expectations.

Financial highlights

• Q3 net interest income rose 26.8% YoY to $140.7M; nine-month net interest income increased 25.0% to $405.4M.

• Q3 reported diluted EPS was $3.13 versus $2.92 YoY; nine-month reported diluted EPS was $8.77 and adjusted diluted EPS was $9.84.

• Q3 adjusted net income was $61.2M and adjusted diluted EPS was $3.37, versus $61.8M and $3.40 in Q2.

• Q3 other income rose 19.8% YoY to $36.6M; other expense increased 35.3% to $107.5M, including $6.7M of merger costs and $13.7M of Tennessee/acquired-entity expenses.

• Adjusted Q3 pre-tax, pre-provision income was $75.3M versus $81.3M in Q2; provision for credit losses was a $1.0M recovery versus a $4.6M provision in Q2.

Outlook and guidance

• Readily accessible liquidity totaled $3.11B at September 30; management said available funding sources support near- and long-term cash needs.

• Rate sensitivity modeling projected net income up 0.7% under rising rates and down 0.7% under falling rates; gradual rate changes were expected to have a modest impact.

• Declared regular and special dividends of $1.10 and $1.30 per share, payable December 10 to holders of record November 20, 2026.