Park National Q1 net income rises 4.4% to $35.2 million; diluted EPS $2.17
Park National Corporation reported first-quarter 2024 net income of $35.2 million, up 4.4% from $33.7 million a year earlier, and diluted earnings per share of $2.17, up from $2.07. The board also declared a quarterly cash dividend of $1.06 per common share, payable June 10, 2024, to shareholders of record as of May 17, 2024.
- Net income of $35.2 million for Q1 2024, up 4.4% from $33.7 million in Q1 2023
- Diluted EPS of $2.17, compared with $2.07 in Q1 2023; adjusted diluted EPS of $2.15 versus $2.01
- Net interest income of $95.6 million, up 3.7% from $92.2 million a year earlier
- Quarterly dividend of $1.06 per share payable June 10, 2024; total loans up 6.1% over the 12 months to March 31, 2024