Park National (PRK) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $58.8M, up 22.1% year-over-year; six-month net income was $100.4M, 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.

• The acquisition of First Citizens in February 2026 contributed significantly to growth in loans, deposits, and income.

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

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

Financial highlights

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

• Loans outstanding at June 30, 2026 were $9.73B, up 20.9% from December 2025; deposits were $10.67B, up 29.4%.

• Efficiency ratio for Q2 was 56.3%; for H1 2026 was 60.65%.

• Return on average assets for Q2 was 1.84%; for H1 was 1.64%.

• Net interest margin (FTE) for Q2 2026 was 4.81%.

Outlook and guidance

• Management expects continued modest impact from interest rate changes due to a neutral risk profile.

• Liquidity remains strong, with $3.04B in easily accessible sources at June 30, 2026.

• No material changes to risk factors or outlook since the last annual report.

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