Park National Declares $1.10 Quarterly Dividend
Park National Corporation, an Ohio-based community bank, declared a $1.10 per share quarterly cash dividend. The dividend is payable June 10 to shareholders of record May 15.
Park National Corporation (NYSE American: PRK), an Ohio-based community bank, declared a $1.10 per share quarterly cash dividend on April 24, 2026. The board approved the payment at its regular meeting following the release of first-quarter financial results. Read more dividend announcements.
The dividend is payable June 10 to common shareholders of record as of the close of business May 15. No ex-dividend date was specified in the announcement.
| Dividend Details | Date |
|---|---|
| Amount per Share | $1.10 |
| Record Date | May 15, 2026 |
| Payment Date | June 10, 2026 |
| Frequency | Quarterly |
First Quarter Financial Performance
Park National reported net income of $41.7 million for the first quarter of 2026, down 1.1% from $42.2 million in the year-ago period. Diluted earnings per share came in at $2.39, compared to $2.60 in the first quarter of 2025.
The company absorbed $15.5 million in merger-related expenses during the quarter, or $12.4 million after tax. The charges stemmed from Park's acquisition of First Citizens Bancshares, which closed February 1, 2026.
Total loans grew $1.62 billion, or 20.1%, during the quarter. The increase included $1.58 billion in loans acquired through the First Citizens transaction, which was structured as an all-stock deal and expanded Park's footprint into Tennessee.
CEO Matthew R. Miller said the merger positions the company to deliver greater value across its communities while maintaining its relationship-driven banking approach. The acquisition added significant scale to Park's income and expense base, according to the filing.