Park National Corporation reported financial results for the third quarter and first nine months of 2026. For the three months ended September 30, 2026, the company recorded net income of $56.9 million, a 20.7% increase compared to the same period in 2025. Net income for the first nine months of 2026 totaled $157.4 million, representing a 14.5% increase from the prior year.
During the third quarter of 2026, the company recorded $7.0 million in merger-related expenses, which reduced net income by $5.5 million after taxes. For the first nine months of 2026, merger-related expenses and other income reducing charges totaled $26.5 million, or $21.0 million after taxes.
Park National Corporation completed the merger with First Citizens Bancshares, Inc. on February 1, 2026. The acquisition was valued at $324.1 million and resulted in the issuance of 1,988,131 shares of Park common stock. Assets acquired included $2.6 billion in total assets and $1.6 billion in total loans. Liabilities assumed included $2.2 billion in total deposits.
For the nine months ended September 30, 2026, the company’s total assets under management and administration were valued at approximately $9.93 billion, representing a 5.1% increase from the prior year.
The company’s board of directors declared a quarterly cash dividend of $1.10 per common share and a special cash dividend of $1.30 per common share. These dividends are payable on December 10, 2026, to shareholders of record as of November 20, 2026.
