National Commercial Banks · SIC 6021

PARK NATIONAL CORP /OH/

PRK

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Latest revenue

$127.5M

as of 2026-03-31

Latest net income

$41.7M

as of 2026-03-31

Net margin

32.7%

as of 2026-03-31

Community sentiment

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PRK vs S&P 500 · rebased to 100

+10.3% / yr 9.4 pts / yr vs S&P 500(S&P 500 +19.7% / yr) 47.7% total
Compare:

Live market

delayed ≤15 min
$176.19
1.54%
Market cap
$3.19B
Enterprise value
$3.17B
P/E (trailing)
17.7×
Forward P/E
P/B
1.88×
Dividend yield
3.2%
52-wk high
$179.48
52-wk low
$149.06
Beta
Shares out
18.1M

What this company does

AI

Table of Contents ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Management’s discussion and analysis (“MD&A”) contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially…

AI summary unavailable — showing raw filing excerpt

Generated from PRK's filing dated 2014-05-02

Key risks

AI

Item 1A. Risk Factors There are certain risks and uncertainties in our business that could cause Park's actual results to differ materially from those anticipated. In “ITEM 1A. RISK FACTORS” of Part I of Park’s 2025 Form 10-K, we included a detailed discussion of our risk factors. All of these risk factors should be read carefully in connection with evaluating Park's business and in connection with the forward-looking statements contained in this Quarterly Report on Form 10-Q. There have been no material changes to the risk factors set forth in Park's 2025 Form 10-K. Any of the risks described in Park's 2025 Form 10-K could materially adversely affect our business, financial condition or…

AI summary unavailable — showing raw filing excerpt

Generated from PRK's filing dated 2014-05-02

6.1
of 10

ActaClear Score

Above avg
#60 of 134 in National Commercial Banks
-0.1 · 5d
Profitability·25%
8.6
Growth·15%
1.1
Value·20%
5.8
Quality·20%
Momentum·20%
7.2

Computed from 5 years of SEC fundamentals + latest market data, ranked within National Commercial Banks (134 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 10, 2026.

0.88
Price / FV

Fair value · DCF

Fair value
~14% upside at this growth
6.6% / yr
-5%30%
Terminal growthWACC 9.8% · 10y forecast
Market-implied growth at today's price: 4.8% / yrfor 10 years, holding WACC 9.8% and terminal 2.5%.
Current price
$173
DCF fair value
$196
FCF base (last FY)
$180.07M
Net debt
$-137.24M
Methodology + caveats (click to expand)

Method. 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Beta defaults to 1.0 when not reported.

Why DCF is fragile. Treat the output as a thinking aid, not a verdict. Honest weaknesses of any DCF:

  • Growth is the dominant assumption. No one can foresee 10 years of growth — small changes in the slider can double or halve fair value. The reverse-DCF readout above tells you what the market is implicitly assuming; ask yourself whether that's realistic before trusting either number.
  • Terminal value dominates. In most DCFs, 60-80% of the answer comes from the terminal-value calculation — i.e., everything AFTER year 10. A 0.5pp change in terminal growth, or in WACC, can swing fair value by 20-30%.
  • WACC is itself a guess. We use a textbook CAPM cost of equity (Rf 4.3%, MRP 5.5%, β from the quote) plus a 6% pretax cost of debt — none of these are the company's actual marginal financing cost.
  • No moat / disruption modelling. The model assumes the company keeps earning whatever it earns today, compounding cleanly. Competitive shifts, regulatory action, and technology disruption can invalidate the forecast overnight.
  • Net income ≠ free cash flow. For capex-heavy names (semis, telcos) net income overstates distributable cash. For low-capex names (software) it understates. Both reduce the precision of the FV figure.
  • Reflexivity. A high stock price often becomes a self-fulfilling prophecy via better hiring, financing, and customer trust. DCF can't see this.

Take the DCF, the reverse-DCF implied growth, the historical multiples, and the community sentiment together. When they agree, conviction. When they disagree, the disagreement is the most informative thing on the page.

Historical multiples

How does PRK's current valuation compare to its own past?

Current P/E
17.7×
Own 5y average
18.2×
Own 5y median
18.1×
vs. own average
-3%
Industry 5y avg P/E
11.9×
Median P/E across the top 40 peers in National Commercial Banks by market cap, then averaged across 5 years.
vs. industry
+49%
PEG (this co.)
2.70
5y revenue CAGR
6.6%
Industry PEG
0.82
Industry 5y avg growth
14.5%
Current P/B
1.88×
Own 5y avg P/B
Industry 5y avg P/B
1.26×
vs. industry P/B
+49%
P/B shown for bank names because P/E gets distorted by credit-cycle losses, non-cash depreciation, and reserve movements. Book equity is a more stable franchise-value signal here.
Solid: this company. Dotted: industry median.
Dashed flat: own 5y avg.
Coloured dot at right: current P/E.

P/E uses year-end weekly close ÷ (net income ÷ shares outstanding today). Held shares constant at today's count, which understates the per-share earnings improvement from buybacks over the period. PEG uses 5y revenue CAGR as a proxy for EPS growth — close, but not identical (margin expansion or dilution can drive a wedge). Best read as a comparator across companies and industries, not as a precise replica of historical multiples.