Park National Corporation (PRK) financial statements (2022 and earlier)

Company profile

Business Address 50 NORTH THIRD ST
NEWARK, OH 43055
State of Incorp. OH
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9752,4332,2142,0613731,2821,824
Cash and cash equivalents219877807943370247733
Short-term investments1,7561,5551,4061,11731,0351,090
Prepaid expense144   104  
Total current assets:2,1202,4332,2142,0614771,2821,824
Noncurrent Assets
Operating lease, right-of-use asset13131414151820
Property, plant and equipment89899090898582
Intangible assets, net (including goodwill)167167168168169169170
Goodwill160160160160160160160
Intangible assets, net (excluding goodwill)788991010
Amortization method qualified affordable housing project investments59606254565859
Total noncurrent assets:328330334326329330331
Other undisclosed assets7,1127,2717,4017,5278,4747,6287,559
TOTAL ASSETS:9,56010,0349,9489,9149,2799,2409,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt239236286305342320292
Total current liabilities:239236286305342320292
Noncurrent Liabilities
Liabilities, other than long-term debt28   29  
Qualified affordable housing project investments, commitment28   29  
Total noncurrent liabilities:28   29  
Other undisclosed liabilities8,1828,7308,5938,5677,8677,9038,419
Total liabilities:8,4498,9668,8798,8738,2398,2238,711
Stockholders' equity
Stockholders' equity attributable to parent1,1111,0681,0691,0411,0401,0171,002
Common stock462460459459461458458
Treasury stock, value(142)(144)(128)(129)(131)(132)(133)
Accumulated other comprehensive income (loss)15(8)(3)(8)61414
Retained earnings776760741719705676662
Total stockholders' equity:1,1111,0681,0691,0411,0401,0171,002
TOTAL LIABILITIES AND EQUITY:9,56010,0349,9489,9149,2799,2409,713

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues
(Net Investment Income)
79788179858380
Cost of revenue (3)  (9)(1)(1)
Cost of goods and services sold (1)  3(1)(1)
Provision for loan, lease, and other losses (2)  (12)  
Gross profit:79758179778279
Operating expenses(24)(25)(23)(24)63(22)(19)
Operating income:565158551406060
Nonoperating income (expense)13  (1)(1)(0)0
Gains (losses) on sales of other real estate(0)  (0)(0)11
Bank owned life insurance income5  1111
Net periodic defined benefits expense (reversal of expense), excluding service cost component8  (2)(2)(2)(2)
Interest and debt expense(4)(4)(4)(4)(5)(6)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(20)(4)(6)2(78)(17)(19)
Income from continuing operations before income taxes:45444852553735
Income tax expense(9)(8)(9)(9)(10)(6)(6)
Net income available to common stockholders, diluted:37353943453130

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:37353943453130
Other comprehensive income (loss)23(5)5(13)(9)06
Comprehensive income, net of tax, attributable to parent:60314429373135

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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