Merger expands Park National (NYSE: PRK) asset base and profitability

Park National Corporation (NYSE: PRK) reported an expanded asset base and profitability following its merger with First Citizens Bancshares, Inc. For Q1 2026, the company recorded total assets of $12,984 million, total loans of $9,667 million, and total deposits of $11,001 million, leading to a net income of $41,687 thousand. The merger significantly impacted the bank’s financial metrics, reflected in an annualized return on average assets of 1.43% and a net interest margin of 4.80%.

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