Park National Corporation (PRK) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments162169169146149238147
Cash and cash equivalents160167169146149238147
Short-term investments22     
Prepaid expense10294988981  
Disposal group, including discontinued operation     5 
Total current assets:264263267235230243147
Noncurrent Assets
Operating lease, right-of-use asset14
Property, plant and equipment73605658595555
Long-term investments and receivables  44   
Long-term investments  44   
Intangible assets, net (including goodwill)1711207272727272
Goodwill1601137272727272
Intangible assets, net (excluding goodwill)127     
Amortization method qualified affordable housing project investments5350505351
Total noncurrent assets:311230181187183128128
Other undisclosed assets7,9837,3127,0897,0466,8986,6326,364
TOTAL ASSETS:8,5587,8047,5387,4687,3117,0036,638
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt231222391395394277242
Total current liabilities:231222391395394277242
Noncurrent Liabilities
Liabilities, other than long-term debt2622141420  
Qualified affordable housing project investments, commitment2622141420
Total noncurrent liabilities:2622141420  
Other undisclosed liabilities7,3336,7286,3766,3166,1836,0285,745
Total liabilities:7,5896,9726,7826,7256,5986,3055,987
Stockholders' equity
Stockholders' equity attributable to parent969833756742713699652
Common stock459359308306304303303
Treasury stock, value(128)(90)(87)(81)(82)(77)(76)
Accumulated other comprehensive loss(10)(50)(26)(18)(16)(14)(35)
Retained earnings647614562536508487461
Total stockholders' equity:969833756742713699652
TOTAL LIABILITIES AND EQUITY:8,5587,8047,5387,4687,3117,0036,638

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues326275319293276277 
Net investment income325273252243229228 
Financial services revenue67504749 
Cost of revenue(10)(4)(4)(4)(4) (7)
Cost of goods and services sold(4)(4)(4)(4)(4) (4)
Provision for loan, lease, and other losses(6) 
Financial services costs    (3)
Gross profit:316272315290273277(7)
Operating expenses(100)(74)(159)(156)(149)(180)(130)
Operating income (loss):21619715713412497(137)
Nonoperating income (expense)(0)1156798
Gains (losses) on sales of other real estate(0)401263
Bank owned life insurance income5754655
Net periodic defined benefits expense (reversal of expense), excluding service cost component(5) 
Interest and debt expense(63)(44)(43)(38)(37)(37)(42)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(28)(33)(1)222043273
Income from continuing operations before income taxes:125131118123114113102
Income tax expense(22)(21)(34)(37)(33)(29)(25)
Net income available to common stockholders, diluted:1031108486818477

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1031108486818477
Other comprehensive income (loss)40(19)(9)(2)(2)22(18)
Comprehensive income:1439276847910659
Other undisclosed comprehensive loss, net of tax, attributable to parent      (77)
Comprehensive income (loss), net of tax, attributable to parent:14392768479106(18)

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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