Park National: Q1 Earnings Snapshot
NEWARK, Ohio (AP) _ Park National Corp. (PRK) on Friday reported first-quarter profit of $38.9 million.
The Newark, Ohio-based bank said it had earnings of $2.38 per share. Earnings, adjusted for non-recurring costs, were $2.42 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The financial services holding company posted revenue of $112.8 million in the period. Its revenue net of interest expense was $109.3 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $110 million.