PARK NATIONAL CORPORATION PRK Income Statement

Park national corporation (PRK)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest and dividend income:
Interest and fees on loans
330,069	321,385	311,029	296,721	278,746	271,145	263,250	256,455	253,181	248,687	247,873	244,656	241,835	241,979	236,770	234,557	232,619	227,979	227,950	227,762	228,303	227,644	226,287	225,132	224,516	225,538	226,171	228,103	229,308	234,638	242,464	249,840	258,109	262,458	264,366	265,844	266,705	267,692	269,626	270,999	0	0	0
Interest and Dividend Income, Securities, by Classification [Abstract]
Interest and dividends on:
Obligations of U.S. Government, its agencies and other securities
24,749	26,213	27,515	28,880	29,707	29,479	28,857	27,923	27,069	27,440	27,696	28,278	29,156	30,627	32,078	33,902	35,245	36,025	36,888	36,736	36,894	36,981	36,649	36,518	35,920	36,686	38,779	42,086	47,207	50,549	54,136	58,238	63,404	68,873	71,070	74,114	75,417	76,839	82,275	86,143	0	0	0
Interest Income, Securities, State and Municipal
8,938	8,955	8,963	8,943	8,813	8,770	8,669	8,438	7,924	7,210	6,077	4,792	3,719	2,632	1,823	1,146	555	182	0	0	0	-	-	-	30	45	59	85	111	140	182	218	268	371	483	606	718	786	929	1,130	0	0	0
Other interest income
3,797	3,947	3,331	1,934	1,677	1,407	1,827	2,782	3,209	3,087	2,506	1,444	995	1,020	1,055	966	945	888	874	761	621	515	450	517	631	678	665	608	463	408	391	324	275	178	121	93	137	200	164	132	0	0	0
Total interest and dividend income
367,553	360,500	350,838	336,478	318,943	310,801	302,603	295,598	291,383	286,424	284,152	279,170	275,705	276,258	271,726	270,571	269,364	265,074	265,725	265,260	265,819	265,143	263,393	262,181	261,097	262,947	265,674	270,882	277,089	285,735	297,173	308,620	322,056	331,880	336,040	340,657	342,977	345,517	352,994	358,404	0	0	0
Interest on deposits:
Demand and savings deposits
32,597	33,348	31,559	28,322	23,618	19,815	16,486	12,956	11,140	9,464	8,015	6,227	4,869	4,079	3,424	2,944	2,567	2,229	2,101	1,927	1,770	1,677	1,614	1,596	1,665	1,773	1,882	2,096	2,230	2,483	2,886	3,226	3,575	3,812	4,051	4,338	4,969	5,753	7,388	8,934	0	0	0
Time deposits
18,002	17,494	16,438	15,072	13,601	12,375	11,255	10,448	10,019	9,629	9,348	9,179	9,111	9,337	9,581	9,737	9,890	10,125	10,448	10,076	9,667	9,323	9,063	9,656	10,423	11,235	12,123	13,151	14,372	15,921	17,764	19,668	21,747	23,842	26,107	28,978	32,296	36,212	42,062	47,330	0	0	0
Interest on borrowings:
Short-term borrowings
2,199	2,476	2,294	2,104	1,764	1,600	1,659	1,568	1,332	992	742	629	527	456	451	476	500	469	482	503	524	517	517	519	526	544	582	618	647	678	687	701	731	823	908	995	1,104	1,181	1,603	2,145	0	0	0
Long-term debt
8,511	9,445	10,189	10,047	10,136	10,113	12,457	16,005	19,235	22,580	23,517	23,623	23,979	24,300	24,566	24,528	24,491	24,619	25,635	26,701	27,759	28,582	28,549	28,509	28,431	28,370	29,071	29,945	30,800	31,338	31,133	30,718	30,354	30,169	29,521	29,068	28,631	28,327	27,933	27,438	0	0	0
Total interest expense
61,309	62,763	60,480	55,545	49,119	43,903	41,857	40,977	41,726	42,665	41,622	39,658	38,486	38,172	38,022	37,685	37,448	37,442	38,666	39,207	39,720	40,099	39,743	40,280	41,045	41,922	43,658	45,810	48,049	50,420	52,470	54,313	56,407	58,646	60,587	63,379	67,000	71,473	78,986	85,847	0	0	0
Net interest income
306,244	297,737	290,358	280,933	269,824	266,898	260,746	254,621	249,657	243,759	242,530	239,512	237,219	238,086	233,704	232,886	231,916	227,632	227,059	226,053	226,099	225,044	223,650	221,901	220,052	221,025	222,016	225,072	229,040	235,315	244,703	254,307	265,649	273,234	275,453	277,278	275,977	274,044	274,008	272,557	0	0	0
Provision for loan losses
8,826	6,171	9,743	10,716	10,183	7,945	4,403	4,746	7,941	8,557	7,458	-3,191	-5,135	-5,101	-4,477	5,293	4,268	4,990	-2,701	-604	-3,476	-7,333	931	-1,072	861	3,415	8,688	22,845	27,410	35,419	50,449	50,232	57,510	63,272	85,680	83,896	84,630	87,080	59,412	60,614	0	0	0
Net interest income after provision for loan losses
297,418	291,566	280,615	270,217	259,641	258,953	256,343	249,875	241,716	235,202	235,072	242,703	242,354	243,187	238,181	227,593	227,648	222,642	229,760	226,657	229,575	232,377	222,719	222,973	219,191	217,610	213,328	202,227	201,630	199,896	194,254	204,075	208,139	209,962	189,773	193,382	191,347	186,964	214,596	211,943	0	0	0
Noninterest Income [Abstract]
Unrealized gain loss on equity securities
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,829	25,507	22,042	10,195	11,864	11,819	19,159	0	0	0
Non-yield loan fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Debit card fee income
20,841	20,250	19,490	18,529	17,684	17,317	16,759	16,381	16,039	15,798	0	0	0	-	15,082	14,945	14,742	14,561	14,092	13,880	13,708	13,570	13,467	13,362	13,185	12,955	12,776	12,488	12,352	12,541	12,505	12,621	12,692	12,496	12,449	12,195	11,709	11,177	10,451	9,932	0	0	0
Bank owned life insurance income
4,799	4,557	5,589	7,067	6,812	6,815	5,693	4,681	4,764	4,858	4,844	4,309	4,244	4,338	4,529	5,065	5,102	5,783	5,691	5,537	5,477	4,861	4,982	4,873	5,101	5,041	4,951	4,824	4,754	4,754	4,973	5,018	5,062	5,089	4,881	4,965	4,991	4,978	5,080	5,002	0	0	0
ATM Fees
1,800	1,828	1,826	1,844	1,894	1,978	2,079	2,184	2,235	2,253	2,242	2,218	2,227	2,268	2,322	2,389	2,433	2,428	2,423	2,429	2,451	2,467	0	0	0	-	-	2,519	2,378	2,359	2,350	2,511	2,657	2,703	2,717	2,690	2,840	2,951	0	0	0	-	-
OREO devaluations
-	-	216	252	-	491	489	434	592	458	396	607	556	601	891	1,376	1,406	1,592	1,653	1,870	2,294	2,406	2,977	4,072	3,997	3,180	4,669	3,064	5,112	6,872	6,173	6,336	7,043	8,219	15,065	16,032	14,596	13,206	0	0	0	-	-
Gains (Losses) on Sales of Other Real Estate
-406	-222	-82	-110	-98	4,235	4,140	4,272	4,472	251	448	1,180	1,289	1,323	1,254	714	1,065	1,604	1,474	3,380	5,470	5,503	5,816	4,562	3,592	3,110	3,780	3,023	3,593	4,414	3,596	3,788	0	-	0	0	-	-	-	-	-	-	-
Gain (Loss) on Sale of Investments
-	-	-421	-607	-	-2,271	-450	-450	-450	1,821	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on equity securities, net
2,403	5,118	4,999	1,753	2,869	4,616	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other components of net periodic benefit income
5,537	4,732	5,254	5,776	6,298	6,820	6,565	6,308	6,051	5,794	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	756	2,623	2,623	2,623	1,867	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of Vision Bank business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,167	22,167	22,167	0	-	0	0	-	-	-	-	-	-	-
Other
7,900	7,500	7,800	7,600	7,600	7,200	5,153	6,056	5,583	5,400	7,689	6,117	5,934	6,268	5,565	6,442	7,143	7,539	7,726	6,340	5,989	5,813	5,282	6,069	6,043	6,357	6,731	5,921	6,091	6,758	7,759	8,160	8,536	8,822	8,372	8,596	8,401	8,243	7,595	7,502	0	0	0
Total other income
97,654	97,193	99,861	95,789	96,223	101,101	97,447	96,920	94,377	86,429	90,570	87,568	85,605	84,039	75,956	75,612	76,067	77,551	78,089	77,294	77,774	75,549	73,493	71,493	71,120	73,277	72,695	73,378	71,588	92,403	121,922	121,870	119,500	94,910	72,188	71,691	73,200	74,880	69,052	71,279	0	0	0
Other expense:
Salaries and employee benefits
122,138	119,514	115,714	112,230	104,240	103,755	99,809	95,882	94,780	92,177	91,160	89,942	88,197	87,034	87,414	87,022	86,761	86,189	73,931	72,754	77,899	81,977	77,517	82,873	81,412	80,985	99,269	97,653	95,787	95,977	97,843	99,387	101,827	102,068	100,747	99,448	98,208	98,315	99,273	100,107	0	0	0
Employee Benefits and Share-based Compensation
38,419	36,806	35,810	33,074	31,690	30,289	28,632	26,922	25,498	24,937	28,051	27,181	25,869	24,174	18,901	20,549	20,384	21,296	22,863	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy expense
13,284	12,815	12,229	11,979	11,326	11,251	10,924	10,507	10,502	10,201	10,305	10,252	10,326	10,239	9,950	9,913	9,655	9,686	9,807	9,677	9,753	10,006	10,043	10,052	10,039	9,804	9,611	9,566	9,371	9,444	10,088	10,450	10,965	11,295	11,189	11,364	11,393	11,510	11,522	11,564	0	0	0
Furniture and equipment expense
17,201	17,032	16,883	16,513	16,140	16,139	16,167	16,228	15,855	15,324	14,596	14,165	13,941	13,766	13,365	12,972	12,387	11,806	11,446	11,272	11,435	11,571	11,884	11,653	11,640	11,249	11,001	11,028	10,774	10,788	10,657	10,679	10,737	10,773	10,745	10,681	10,460	10,435	10,283	10,157	0	0	0
Data processing fees
11,109	10,750	10,195	9,840	8,837	8,477	7,945	7,284	7,058	7,250	7,128	6,659	6,356	5,608	5,230	5,163	4,987	5,037	5,043	4,941	4,865	4,712	4,580	4,341	4,269	4,174	4,023	3,885	3,735	3,916	4,396	4,676	4,912	4,965	4,910	5,129	5,388	5,728	5,713	5,769	0	0	0
Professional fees and services
34,377	33,317	31,330	32,693	28,710	28,894	28,264	26,299	26,194	24,833	25,704	25,960	25,343	27,181	26,175	25,243	25,425	23,452	23,896	25,406	27,991	29,580	31,905	30,572	28,284	27,865	24,191	24,630	24,550	24,267	23,341	22,306	21,826	21,119	20,539	20,011	19,990	19,972	18,357	17,485	0	0	0
Marketing
6,013	5,753	5,662	5,422	5,152	5,144	4,879	4,637	4,536	4,374	4,539	4,479	4,468	4,523	4,221	4,217	4,081	3,983	4,168	4,197	4,266	4,371	4,337	4,113	4,060	3,790	3,666	3,727	3,479	3,474	3,324	3,164	3,187	2,967	3,083	3,159	3,377	3,656	3,671	3,770	0	0	0
Insurance
3,524	3,130	4,090	5,202	5,017	5,289	5,780	5,891	6,212	6,354	6,139	6,063	5,984	5,825	5,679	5,655	5,579	5,629	5,635	5,632	5,737	5,723	5,701	5,479	5,350	5,205	5,296	5,530	5,592	5,780	5,824	5,097	6,042	6,821	7,431	9,066	9,054	8,983	9,101	12,625	0	0	0
Communication
5,173	5,351	5,430	5,250	5,064	4,981	4,874	4,777	4,743	4,826	4,855	4,899	5,097	4,985	5,049	5,140	5,020	5,130	5,137	5,196	5,256	5,268	5,429	5,393	5,553	5,790	5,783	5,985	6,026	5,983	6,045	6,050	6,041	6,060	6,052	6,273	6,435	6,648	6,764	6,687	0	0	0
Excise and Sales Taxes
3,969	3,829	3,555	3,809	3,713	3,813	3,728	3,640	3,625	3,583	3,859	3,842	3,697	3,560	3,476	3,360	3,445	3,566	3,449	2,320	2,362	2,290	2,467	3,746	3,749	3,702	3,716	3,720	3,725	3,786	0	0	0	-	-	-	-	-	-	-	-	-	-
Amortization of Intangible Assets
2,672	2,355	2,021	1,569	867	578	289	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,172	3,560	4,090	4,619	3,534	2,829	2,982	3,155	3,422	3,536	3,651	0	0	0
Loan put provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,299	3,209	3,363	0	-	0	0	-	-	-	-	-	-	-
OREO expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,063	2,392	2,835	3,496	2,731	3,689	3,663	3,800	4,011	0	0	0	-	-	-	-	-	-	-	-	-	-
State taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,440	3,524	0	0	0
Other expense
15,558	13,336	12,435	11,351	10,518	10,145	8,306	9,473	9,557	9,303	10,203	8,594	8,510	11,882	10,767	11,666	12,537	10,308	14,190	13,599	11,425	9,958	-172	497	4,031	6,907	8,079	9,920	8,861	8,230	10,880	11,415	13,101	13,905	13,966	12,610	12,419	11,909	14,979	15,755	0	0	0
Total other expense
273,437	263,988	255,354	248,932	231,274	228,755	219,597	211,540	208,560	203,162	212,093	207,590	203,342	204,331	190,759	191,432	190,793	186,614	188,334	185,877	187,451	187,510	181,124	180,867	181,196	181,515	185,394	186,362	185,596	187,968	189,322	189,238	190,441	188,317	185,472	185,569	185,563	187,107	186,639	191,094	0	0	0
Income before income taxes
121,635	124,771	125,122	117,074	124,590	131,299	134,193	135,255	127,533	118,469	113,549	122,681	124,617	122,895	123,378	111,773	112,922	113,579	119,515	118,074	119,898	120,416	115,088	113,599	109,115	109,372	100,629	89,243	87,622	104,331	101,392	114,710	130,563	116,555	90,132	89,682	77,315	74,737	108,828	111,287	0	0	0
Income taxes
22,018	22,071	20,097	18,433	19,871	20,912	27,236	30,948	32,435	34,227	32,136	35,931	36,901	36,760	36,356	32,160	32,268	32,567	35,091	35,421	36,474	36,459	38,336	36,087	33,379	32,503	24,569	20,230	19,757	25,701	22,351	27,270	33,056	28,327	23,184	23,538	18,958	17,797	28,107	28,836	0	0	0
Net income
99,617	102,700	105,025	98,641	104,719	110,387	106,957	104,307	95,098	84,242	81,413	86,750	87,716	86,135	87,022	79,613	80,654	81,012	84,424	82,653	83,424	83,957	76,752	77,512	75,736	76,869	76,060	69,013	67,865	78,630	72,953	81,352	91,419	82,140	68,109	67,305	59,518	58,101	80,721	82,451	0	0	0
Preferred share dividends and accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,425	4,889	6,353	5,869	5,856	5,844	5,832	5,819	5,807	5,795	5,784	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic
-	-	0	0	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	76,060	69,013	65,917	75,205	68,064	74,999	85,550	76,284	62,265	61,473	53,699	52,294	74,926	76,667	0	0	0
Per Common Share:
Net income available to common shareholders
Basic
1.37	1.46	1.90	1.34	1.63	1.66	1.58	1.85	2.04	1.50	1.45	1.24	1.32	1.31	1.79	1.30	1.22	1.36	1.30	1.37	1.24	1.57	1.19	1.42	1.27	1.12	1.23	1.30	1.34	1.05	0.78	1.10	1.95	0.58	1.23	1.79	1.35	-0.34	1.19	1.30	1.30	1.25	1.42
Diluted
1.36	1.45	1.89	1.33	1.62	1.66	1.56	1.83	2.02	1.48	1.44	1.24	1.31	1.30	1.78	1.30	1.21	1.36	1.30	1.37	1.23	1.57	1.19	1.42	1.27	1.12	1.23	1.30	1.34	1.05	0.78	1.10	1.95	0.58	1.23	1.79	1.35	-0.34	1.19	1.30	1.30	1.25	1.42
Weighted average common shares outstanding
Basic
16,303	-	16,382	16,560	15,651	-	15,686	15,285	15,288	-	15,287	15,297	15,312	-	15,330	15,330	15,330	-	15,361	15,370	15,379	-	15,392	15,392	15,401	-	15,411	15,411	15,411	-	15,405	15,405	15,405	-	15,398	15,398	15,398	-	15,272	15,114	14,882	14,193	14,001
Diluted
16,425	-	16,475	16,642	15,744	-	15,832	15,417	15,431	-	15,351	15,398	15,432	-	15,399	15,399	15,406	-	15,401	15,407	15,421	-	15,413	15,412	15,414	-	15,411	15,411	15,411	-	15,405	15,405	15,417	-	15,398	15,399	15,403	-	15,272	15,114	14,882	14,193	14,001
Cash dividends declared
1.22	-	1.01	1.01	1.21	-	0.96	1.21	0.94	-	0.94	0.94	0.94	-	0.94	0.94	0.94	-	0.94	0.94	0.94	-	0.94	0.94	0.94	-	0.94	0.94	0.94	-	0.94	0.94	0.94	-	0.94	0.94	0.94	-	0.94	0.94	0.94	0.94	0.94
Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax
28,158	27,768	27,314	26,890	26,621	26,293	25,743	25,257	24,616	23,735	23,005	22,388	21,801	21,400	21,006	20,624	20,396	20,195	20,105	19,906	19,521	19,150	18,690	18,095	17,598	17,133	16,599	16,479	16,195	15,947	15,590	15,186	15,071	14,965	14,876	14,575	14,174	13,874	13,335	13,161	0	0	0
Deposit Account [Member]
Revenue from Contract with Customer, Including Assessed Tax
10,804	10,835	10,930	10,927	11,098	11,461	11,751	12,106	12,436	12,653	12,972	13,556	13,975	14,259	14,575	14,684	14,793	14,751	14,625	14,887	15,145	15,423	15,941	16,025	16,153	16,316	16,382	16,371	16,455	16,704	17,112	17,762	18,133	18,307	18,517	18,649	19,216	19,717	20,652	21,058	0	0	0
Bank Servicing [Member]
Revenue from Contract with Customer, Including Assessed Tax
16,500	15,500	14,466	13,366	12,866	14,266	14,454	14,611	14,558	13,162	14,462	14,745	14,649	14,419	12,426	12,037	11,711	11,438	12,141	11,340	10,842	10,459	9,080	10,021	10,846	12,913	14,191	14,817	14,882	13,631	12,652	11,722	11,039	10,606	11,571	12,393	13,135	13,816	0	0	0	-	-
Noninterest Income, Other
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-