Stocks PRK Financial statements
Financial statementsPARK NATIONAL CORP /OH/ financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PARK NATIONAL CORP /OH/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 514 | 564 | 646 | 664 | ||||||
| Interest expense | 38.2 | 42.7 | 43.9 | 62.8 | 30.1 | 16 | 31.2 | 98.6 | ||
| Pre-tax income | 123 | 118 | 131 | 125 | 155 | 188 | 180 | 154 | 185 | 221 |
| Income tax | 36.8 | 34.2 | 20.9 | 22.1 | 26.7 | 34.3 | 32.1 | 26.9 | 33.3 | 41.3 |
| Net income | 86.1 | 84.2 | 110 | 103 | 128 | 154 | 148 | 127 | 151 | 180 |
| EPS, basic | 5.62 | 5.51 | 7.13 | 6.33 | 7.85 | 9.45 | 9.13 | 7.84 | 9.38 | 11.18 |
| EPS, diluted | 5.59 | 5.47 | 7.07 | 6.29 | 7.80 | 9.37 | 9.06 | 7.80 | 9.32 | 11.11 |
| Shares, basic (weighted) | 15.3 | 15.3 | 15.5 | 16.2 | 16.3 | 16.3 | 16.2 | 16.2 | 16.1 | 16.1 |
| Shares, diluted (weighted) | 15.4 | 15.4 | 15.6 | 16.3 | 16.4 | 16.4 | 16.4 | 16.3 | 16.2 | 16.2 |
| Dividend per share | 3.76 | 3.76 | 4.07 | 4.24 | 4.28 | 4.52 | 4.66 | 4.20 | 4.74 | 5.53 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 146 | 169 | 167 | 160 | 370 | 219 | 190 | 218 | 161 | 234 |
| Short-term investments | 1,003 | 1,210 | 1,059 | 1,754 | 1,734 | 1,333 | 997 | 689 | ||
| Other current assets | 88.9 | 97.7 | 94.1 | 102 | 104 | 144 | 154 | 166 | 190 | 198 |
| Property, plant and equipment | 58 | 55.9 | 59.8 | 73.3 | 88.7 | 89 | 82.1 | 74.2 | 69.5 | 61.6 |
| Lease right-of-use assets | 0 | 13.7 | 15.1 | 13.4 | 17.6 | 15.7 | 15.7 | 15.7 | ||
| Goodwill | 72.3 | 72.3 | 113 | 160 | 160 | 160 | 160 | 160 | 160 | 160 |
| Intangible assets | 0 | 6.97 | 11.5 | 9.26 | 7.46 | 5.98 | 4.65 | 3.44 | 2.4 | |
| Total assets | 7,468 | 7,538 | 7,804 | 8,558 | 9,279 | 9,560 | 9,855 | 9,836 | 9,805 | 9,805 |
| Short-term debt | 395 | 391 | 222 | 231 | 342 | 239 | 416 | 517 | 280 | 81.7 |
| Total liabilities | 6,725 | 6,782 | 6,972 | 7,589 | 8,239 | 8,449 | 8,786 | 8,691 | 8,562 | 8,452 |
| Total debt | 694 | 500 | 400 | 193 | 32.5 | |||||
| Retained earnings | 536 | 562 | 614 | 647 | 705 | 776 | 847 | 904 | 978 | 1,068 |
| Treasury stock | -81.5 | -87.1 | -90.4 | -128 | -131 | -142 | -138 | -156 | -151 | -167 |
| Other comprehensive income | -17.7 | -26.5 | -49.8 | -9.59 | 5.57 | 15.2 | -102 | -66.2 | -46.2 | -12.7 |
| Shareholders' equity | 1,353 | |||||||||
| Minority interests | 0 | |||||||||
| Total equity | 742 | 756 | 833 | 969 | 1,040 | 1,111 | 1,069 | 1,145 | 1,244 | 1,353 |
| Total liabilities and equity | 7,468 | 7,538 | 7,804 | 8,558 | 9,279 | 9,560 | 9,855 | 9,836 | 9,805 | 9,805 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 86.1 | 84.2 | 110 | 103 | 128 | 154 | 148 | 127 | 151 | 180 |
| Depreciation and amortization | 8.4 | 8.64 | 8.59 | 9.11 | 10.8 | -1.52 | -0.33 | 0.66 | 12.2 | 11.2 |
| Stock-based compensation | 2.81 | 3.94 | 5.06 | 6.32 | 7.27 | 8.02 | 7.2 | 8.01 | 7.67 | 8.61 |
| Deferred income tax | 0.58 | 3.29 | 0.54 | -0.84 | -4.53 | -3.13 | 0.61 | -0.7 | -0.41 | -1.54 |
| Cash from operations | 87.9 | 86.7 | 132 | 112 | 112 | 157 | 137 | 151 | 179 | 198 |
| Capital expenditures | -7.47 | -7.02 | -11.5 | -14.9 | -28.6 | -14.1 | -7.94 | -7.59 | -9.18 | -6.37 |
| Acquisitions | 0 | 0 | 12.3 | -4.83 | 0 | 0 | ||||
| Purchases of investments | -29.7 | -373 | 0 | -354 | -954 | -317 | -3.98 | -2.88 | -88.2 | |
| Sales and maturities of investments | 232 | 186 | 145 | 300 | 355 | |||||
| Cash from investing | -153 | -60.7 | 45.4 | 60.1 | -456 | -412 | -405 | 63.5 | -19.1 | 86.2 |
| Debt issued | 0 | 150 | 50 | 50 | 0 | 0 | ||||
| Debt repaid | -55.6 | -350 | -150 | -258 | -171 | -32.5 | 0 | 0 | ||
| Share buybacks | -7.38 | -5.78 | -40.5 | -7.51 | -16 | 0 | -23 | 0 | -20.1 | |
| Dividends paid | -57.7 | -57.5 | -63 | -69.1 | -70.4 | -74.3 | -76.6 | -69 | -77.5 | -89.9 |
| Cash from financing | 61.7 | -3.35 | -179 | -179 | 555 | 104 | 239 | -186 | -217 | -212 |
| Net change in cash | -3.01 | 22.7 | -1.9 | -7.26 | 211 | -151 | -29.5 | 28.5 | -57.7 | 72.9 |
| Free cash flow | 80.4 | 79.7 | 120 | 96.7 | 83 | 143 | 129 | 144 | 170 | 192 |
| Interest paid | 38.4 | 42.5 | 43.6 | 63 | 29.2 | 16.7 | 30.8 | 95.2 | 124 | 111 |
| Income taxes paid | 27.3 | 26.2 | 7.35 | 15.2 | 24.3 | 25.5 | 24.7 | 17.2 | 23.3 | 36 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Net margin | 25.8% | Net income / revenue. |
| FCF margin | 25.0% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 27.0% | Cash from operations / revenue. |
| Return on equity (ROE) | 11.0% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 1.5% | Net income / average total assets. |
| Stock-based pay / revenue | 1.3% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 2.0% | Capital expenditures / revenue. |
| D&A / revenue | 1.5% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 2.9% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 8.9% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income growth, 1y | 18.9% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 6.7% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 7.1% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 19.2% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 7.0% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 7.3% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 10.9% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 13.2% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 12.2% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 13.1% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 14.3% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 18.3% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 16.7% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 5.9% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | 5.3% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -0.0% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | -0.2% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 1.1% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | -0.3% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -0.3% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | -0.3% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Liabilities / assets | 86.4% | Total liabilities / total assets. |
| Goodwill and intangibles / assets | 2.4% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | $1.43B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.06x | Revenue / average total assets. |
| Fixed asset turnover | 7.65x | Revenue / average property, plant and equipment. |
| FCF conversion | 96.8% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 7.5% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $10.46 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $40.60 | Revenue / diluted weighted shares. |
| FCF per share | $10.13 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $10.95 | Cash from operations / diluted weighted shares. |
| Book value per share | $94.96 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $78.41 | Tangible book value / shares outstanding. |
| Cash per share | $101.33 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 50.0% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 51.6% | Dividends paid / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $3.28B | Share price x shares outstanding. |
| Enterprise value | $1.44B | Market cap + total debt - cash - short-term investments. |
| P/E | 17.3x | Market cap / net income. Only when net income is positive. |
| P/S | 4.45x | Market cap / revenue. |
| P/B | 1.90x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 2.30x | Market cap / tangible book value, when positive. |
| P/FCF | 17.8x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 16.5x | Market cap / cash from operations, when positive. |
| EV/Sales | 1.95x | Enterprise value / revenue. |
| EV/FCF | 7.81x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 5.6% | Free cash flow / market cap. |
| Earnings yield | 5.8% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 2.9% | Dividends paid over the period / market cap. |
| Shareholder yield | 2.9% | (Dividends paid + share buybacks) / market cap. |
| PEG | 2.45x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
What was PARK NATIONAL CORP /OH/'s revenue in fiscal 2025?
PARK NATIONAL CORP /OH/ reported revenue of $664.4M for fiscal 2025, 2.9% higher than the year before.
Was PARK NATIONAL CORP /OH/ profitable in fiscal 2025?
Yes. Net income was $180.1M, a net margin of 27.1%.
How much free cash flow did PARK NATIONAL CORP /OH/ generate in fiscal 2025?
Cash from operations of $198.3M minus capital expenditures of $6.4M left free cash flow of $191.9M.