Park National Q1 net income falls 1.1% to $41.7 million after First Citizens merger
Park National reported first-quarter 2026 net income of $41.7 million, down 1.1% from a year earlier, and diluted earnings per share of $2.39, down from $2.60. Net interest income rose 20.5% to $125.8 million after the February 1, 2026 First Citizens merger, but the quarter included $15.5 million in merger-related expenses.
Key points
- Net income $41.7 million vs. $42.2 million in Q1 2025; diluted EPS $2.39 vs. $2.60
- Net interest income $125.8 million, up 20.5% from $104.4 million
- Pre-tax, pre-provision net income $54.3 million, up 4.6%
- Quarterly dividend of $1.10 per share declared, payable June 10, 2026, to holders of record May 15, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.