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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,975373162169169146149
Cash and cash equivalents219370160167169146149
Short-term investments1,756322   
Prepaid expense14410410294988981
Total current assets:2,120477264263267235230
Noncurrent Assets
Operating lease, right-of-use asset131514
Property, plant and equipment89897360565859
Long-term investments and receivables    44 
Long-term investments    44 
Intangible assets, net (including goodwill)167169171120727272
Goodwill160160160113727272
Intangible assets, net (excluding goodwill)79127   
Amortization method qualified affordable housing project investments59565350505351
Total noncurrent assets:328329311230181187183
Other undisclosed assets7,1128,4747,9837,3127,0897,0466,898
TOTAL ASSETS:9,5609,2798,5587,8047,5387,4687,311
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt239342231222391395394
Total current liabilities:239342231222391395394
Noncurrent Liabilities
Liabilities, other than long-term debt28292622141420
Qualified affordable housing project investments, commitment28292622141420
Total noncurrent liabilities:28292622141420
Other undisclosed liabilities8,1827,8677,3336,7286,3766,3166,183
Total liabilities:8,4498,2397,5896,9726,7826,7256,598
Stockholders' equity
Stockholders' equity attributable to parent1,1111,040969833756742713
Common stock462461459359308306304
Treasury stock, value(142)(131)(128)(90)(87)(81)(82)
Accumulated other comprehensive income (loss)156(10)(50)(26)(18)(16)
Retained earnings776705647614562536508
Total stockholders' equity:1,1111,040969833756742713
TOTAL LIABILITIES AND EQUITY:9,5609,2798,5587,8047,5387,4687,311

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues318329326275319293276
Net investment income318329325273252243229
Financial services revenue675047
Cost of revenue (12)(10)(4)(4)(4)(4)
Cost of goods and services sold  (4)(4)(4)(4)(4)
Provision for loan, lease, and other losses (12)(6) 
Gross profit:318317316272315290273
Operating expenses(95) (100)(74)(159)(156)(149)
Operating income:223317216197157134124
Nonoperating income (expense)13(2)(0)11567
Gains (losses) on sales of other real estate(0)1(0)4012
Bank owned life insurance income5557546
Net periodic defined benefits expense (reversal of expense), excluding service cost component8(8)(5) 
Interest and debt expense(16)(30)(63)(44)(43)(38)(37)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(32)(131)(28)(33)(1)2220
Income from continuing operations before income taxes:188155125131118123114
Income tax expense(34)(27)(22)(21)(34)(37)(33)
Net income available to common stockholders, diluted:154128103110848681

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:154128103110848681
Other comprehensive income (loss)101540(19)(9)(2)(2)
Comprehensive income, net of tax, attributable to parent:16414314392768479

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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