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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments373162169169146149238
Cash and cash equivalents370160167169146149238
Short-term investments322    
Prepaid expense10410294988981 
Disposal group, including discontinued operation      5
Total current assets:477264263267235230243
Noncurrent Assets
Operating lease, right-of-use asset1514
Property, plant and equipment89736056585955
Long-term investments and receivables   44  
Long-term investments   44  
Intangible assets, net (including goodwill)16917112072727272
Goodwill16016011372727272
Intangible assets, net (excluding goodwill)9127    
Amortization method qualified affordable housing project investments565350505351
Total noncurrent assets:329311230181187183128
Other undisclosed assets8,4747,9837,3127,0897,0466,8986,632
TOTAL ASSETS:9,2798,5587,8047,5387,4687,3117,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt342231222391395394277
Total current liabilities:342231222391395394277
Noncurrent Liabilities
Liabilities, other than long-term debt292622141420 
Qualified affordable housing project investments, commitment292622141420
Total noncurrent liabilities:292622141420 
Other undisclosed liabilities7,8677,3336,7286,3766,3166,1836,028
Total liabilities:8,2397,5896,9726,7826,7256,5986,305
Stockholders' equity
Stockholders' equity attributable to parent1,040969833756742713699
Common stock461459359308306304303
Treasury stock, value(131)(128)(90)(87)(81)(82)(77)
Accumulated other comprehensive income (loss)6(10)(50)(26)(18)(16)(14)
Retained earnings705647614562536508487
Total stockholders' equity:1,040969833756742713699
TOTAL LIABILITIES AND EQUITY:9,2798,5587,8047,5387,4687,3117,003

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues329326275319293276277
Net investment income329325273252243229228
Financial services revenue67504749
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:317316272315290273277
Operating expenses (100)(74)(159)(156)(149)(180)
Operating income:31721619715713412497
Nonoperating income (expense)(2)(0)115679
Gains (losses) on sales of other real estate1(0)40126
Bank owned life insurance income5575465
Net periodic defined benefits expense (reversal of expense), excluding service cost component(8)(5) 
Interest and debt expense(30)(63)(44)(43)(38)(37)(37)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(131)(28)(33)(1)222043
Income from continuing operations before income taxes:155125131118123114113
Income tax expense(27)(22)(21)(34)(37)(33)(29)
Net income available to common stockholders, diluted:12810311084868184

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:12810311084868184
Other comprehensive income (loss)1540(19)(9)(2)(2)22
Comprehensive income, net of tax, attributable to parent:14314392768479106

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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