Park National (PRK) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $58.8 million, up 22.1% year-over-year; first half net income was $100.4 million, up 11.3% year-over-year.

• Q2 diluted EPS was $3.23, compared to $2.97 in Q2 2025; first half diluted EPS was $5.64, up from $5.56.

• Results include $4.1 million in Q2 and $19.6 million in H1 merger-related expenses (First Citizens acquisition).

• Total assets reached $12.7 billion as of June 30, 2026.

Financial highlights

• Net interest income for Q2 2026 was $138.9 million, up 27.4% year-over-year; H1 net interest income was $264.6 million, up 24.0%.

• Return on average assets for Q2 was 1.84%; return on average equity was 13.69%.

• Efficiency ratio for Q2 was 56.3%; net interest margin was 4.81%.

• Total loans grew 20.9% year-to-date, with $1.58 billion from the First Citizens transaction.

• Total deposits increased 29.4% year-to-date, including $2.22 billion from the acquisition.

Outlook and guidance

• Management highlighted progress on the First Citizens systems conversion, expected in Q3, as a key milestone for future growth.