Park National Corporation · AMEX:PRK
Park National — Q2 2026 Earnings Presentation
35 slides from Park National's earnings presentation, 2026
Slide 1: Park National Corporation
Park National Corporation PARK NATIONAL CORPORATION
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance and the plans, expectations, projections, and benefits of the recently completed merger (the “Merger”) of Park National Corporation
Slide 3: Disclaimer
Disclaimer Non-GAAP Financial Measures This presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the U.S. (“GAAP”). Management believes that the disclosure of these “non-GAAP” financial measures presents a
Slide 4: Snapshot
Snapshot • As of June 30, 2026, Park National Corporation (NYSE American: PRK) was a $12.7 billion asset financial holding company headquartered in Newark, OH, conducting banking operations through its wholly-owned subsidiary, The Park National Bank. • On February 1, 2026, Park closed the previously
Slide 5: Overview of Park National Corporation
Overview of Park National Corporation PARK NATIONAL CORPORATION
Slide 6: Overview of Park National Corporation
Overview of Park National Corporation Company Overview • The Park National Bank, is headquartered in Newark, Ohio and was founded in 1908. • $12.7 billion total assets and $10.1 billion assets under management(1) at June 30, 2026. • Park common shares are publicly traded under the symbol “PRK” on NY
Slide 7: Attractive Geographic Footprint
Attractive Geographic Footprint Ohio North Carolina Overview • Distinct operating regions provide for attractive mix of customers and demographic opportunities. Kentucky • Park entered several new geographic markets in the last 6-7 years via acquisitions and de novo branch openings. • These new mark
Slide 8: Community Bank Regions
Community Bank Regions • Strong history of operating in Park’s regional bank model. • Regional leadership team averages approximately 31 years of banking experience and 23 years of leadership tenure with Park. Years with Years in Name Position Age PNB (1) Industry Jeff D. Agee CEO - Tennessee Region
Slide 9: Park M&A Strategy
Park M&A Strategy Two-prong strategy guidelines: 1. Traditional M&A • Strong franchise, good reputation and asset quality • Competitive market share • Continuity of management and leadership • Traditional community bank structure • Sticky, low-cost core deposits • Disciplined approach to pricing and
Slide 10: Financial Summary
Financial Summary PARK NATIONAL CORPORATION
Slide 11: 2026 Second Quarter Highlights
2026 Second Quarter Highlights Park Performance Summary • Park’s Consolidated Capital Ratios at June 30, 2026: – Total Shareholders’ Equity to Total Assets of 13.62% – Tangible Common Equity to Tangible Assets of 11.52%(1) – Leverage Ratio of 11.71% – Total Risk-Based Capital Ratio of 14.92% • Book
Slide 12: Strong Balance Sheet
Strong Balance Sheet Total Assets Total Loans (excluding PPP) (1) (Dollars in millions) $12,677 (Dollars in millions) $9,731 $7,816 $8,051 $9,855 $9,837 $9,805 $9,805 $7,474 $7,138 2022Y 2023Y 2024Y 2025Y 2026Q2 2022Y 2023Y 2024Y 2025Y 2026Q2 Total Deposits (includes off balance sheet) (2) Total Sha
Slide 13: Strong Earnings – Adjusted 2026YTD
Strong Earnings – Adjusted 2026YTD(3) Net Income, ROAA & ROATE(1)(3) Pre-Tax, Pre-Provision Income / Avg. Assets(1)(3) (Dollars in millions) (Dollars in millions) Net Income ROAA ROATE 16.9% PPNR PPNR/Avg. Assets 20.0% 15.8% $200.0 2.47% 16.3% 2.30% 2.6 0% $26 0.0 14.7% $180.0 16.0% 13.6% $160.0 2.4
Slide 14: Stable Net Interest Margin
Stable Net Interest Margin Asset Yields, Liability Costs, and Net Interest Margin(1)(2) 7.00% 5.93% Interest Earning Asset Yield 5.78% 5.90% 6.00% (%) Net Interest Margin (%) 5.18% 4.75% 4.80% Interest Bearing Liability Cost 5.00% (%) 4.14% All Deposit Cost (%) 4.41% 4.00% 4.11% Interest Bearing Dep
Slide 15: Diverse Fee Income
Diverse Fee Income Overview Non-Interest Income / Operating Revenue • The business lines responsible for generating the (Dollars in millions) Net Interest Income majority of fee income are wealth management, Non-Interest Income(2) Non-Interest Income / Op. Rev. mortgage banking, and retail banking (
Slide 16: Disciplined Approach to Managing Operating Expenses
Disciplined Approach to Managing Operating Expenses Efficiency Ratio(1) & Non-interest Expense (Dollars in millions) Non-interest Expense Efficiency Ratio 65.9% 61.2% 61.4% 57.9% 54.5% • Significant investment in people, processes, and technology over the last five years to prepare for crossing $10
Slide 17: High Quality Capital Structure
High Quality Capital Structure Regulatory Capital at June 30, 2026 (Dollars in millions) Common Equity Tier 1 $1,449.9 Tier 1 Capital Trust Preferred $15.0 ACL $111.5 Allowance for Credit Losses 1 17 PARK NATIONAL CORPORATION Note: Financial data as of June 30, 2026 unless otherwise noted.
Slide 18: Robust Capital Ratios
Robust Capital Ratios Tier 1 Leverage Ratio Common Equity Tier 1 Ratio 12.1% 14.0% 14.0% 16.0% 11.5% 11.7% 13.3% 13.7% 12.0% 10.7% 14.0% 12.6% 12.8% 9.9% 12.0% 10.0% 10.0% 8.0% (1) 8.0% 6.0% (1) 6.0% 7.0% 4.0% 4.0% 4.0% 2.0% 2.0% – – 2022Q4 2023 Q4 2024 Q4 2025 Q4 2026 Q2 2022Q4 2023 Q4 2024 Q4 2025
Slide 19: High-Quality and Diversified Loan Portfolio
High-Quality and Diversified Loan Portfolio Leases Commercial, 0% Financial, and Consumer Agricultural 19% 14% • Park has a well-secured loan portfolio with geographic and asset class diversity. • Out-of-market portfolio is largely limited to specialty lending, which has conservative underwriting an
Slide 20: Healthy Allowance Levels Safeguard Shareholders’ Equity
Healthy Allowance Levels Safeguard Shareholders’ Equity Allowance / Total Loans Overview (Dollars in millions) • Allowance for credit losses was 1.14% of 1.13% 1.15% 1.14% 1.20% total loans as of June 30, 2026. 1.12% • Conservative classification of commercial $9,731 loans and prudent identification
Slide 21: Stable Asset Quality
Stable Asset Quality Overview NPAs / Total Assets (1) 0.82% 0.80% • Conservative underwriting and strong 0.70% 0.69% asset quality. 0.62% • Of the $81.2 million in nonaccrual loans, $61.9 million, or about 76.2%, were current with contractual payments at June 30, 2026. 2022Q4 2023Q4 2024Q4 2025Q4 20
Slide 22: Stable, Low-Cost Core Deposits
Stable, Low-Cost Core Deposits Brokered/BID Deposits • With minimal reliance on costly time deposits and a 0% relatively high level of non-interest bearing deposits, CDs Park has cultivated a loyal and low-cost source of 13% Non-interest funds. Bearing 29% • Non-interest bearing deposits represented
Slide 23: High Quality Securities Portfolio
High Quality Securities Portfolio • Park’s investment securities portfolio is highly rated(1): • 74.4% are AAA rated or Agency Backed Corporate Debt Obligations of U.S. Collateralized Securities Government Loan Obligations 2% sponsored entities 2% 8% • 24.1% are AA+, AA, AA-, or A- rated • 1.5% are
Slide 24: Appendix
Appendix PARK NATIONAL CORPORATION
Slide 25: Senior Management
Senior Management Matthew R. Miller – CEO and President – Age: 48 (17 years with Park) • CEO of Park and Park National Bank since January 2026. • President of Park and Park National Bank since May 2019. • Executive Vice President of Park and Park National Bank from April 2017 through April 2019. • C
Slide 26: Senior Management (continued)
Senior Management (continued) Brady T. Burt – Chief Financial Officer – Age: 54 (19 years with Park) • Chief Financial Officer of Park and Park National Bank since December 2012. • Chief Accounting Officer of Park and Park National Bank from April 2007 to December 2012. • Worked at Vail Banks, Inc.
Slide 27: Experienced Management Team
Experienced Management Team • Park National Bank’s management team consists of leaders with deep market knowledge. • The management team averages 26 years of banking experience. • The average team tenure with Park National Bank is approximately 18 years. Years with Years in Name Position Age PNB Ind
Slide 28: Installment Lending Portfolio
Installment Lending Portfolio Installment Loan Portfolio by Credit Tier 0.42% • Park National Bank’s installment portfolio 0.33% 4.47% includes $1.7B of indirect loans and $190MM of direct loans. Of which, $3.4MM is nonaccrual or 90+ days delinquent and the portfolio has 15.04% experienced $3.6MM in
Slide 29: Installment Lending Portfolio (continued)
Installment Lending Portfolio (continued) Installment Loan Balances by Origination Year/Collateral Type 600,000,000 500,000,000 400,000,000 ($ in 000s) 300,000,000 200,000,000 100,000,000 - Pre-2020 2020 2021 2022 2023 2024 2025 2026 Total All Other 3,791,826 1,059,316 1,543,529 1,677,936 4,215,721
Slide 30: Specialty Lending
Specialty Lending • Park has successfully operated in the specialty finance area for many years, specifically focusing on turbo-prop and light jets and structured finance lending to non-bank consumer finance companies. Net charge-offs in specialty lending have not materially impacted Park’s overall
Slide 31: Insured Deposits Trend
Insured Deposits Trend 90.0% 82.1% 81.9% 81.5% 80.0% 78.4% 78.5% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 13.8% 14.9% 14.9% 12.8% 13.3% 10.0% 6.7% 6.6% 5.1% 4.8% 4.6% 0.0% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Insured Collateralized Exposed Note: Financial data as of June 30, 2026 unless otherwise note
Slide 32: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Reconciliation of Average Shareholders' Equity to Average Tangible Equity For the Six For the Twelve Months Ended For the Three Months Ended Months Ended 12/31/2022 12/31/2023 12/31/2024 12/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 6/30/
Slide 33: Reconciliation of Non-GAAP Financial Measures (continued)
Reconciliation of Non-GAAP Financial Measures (continued) Reconciliation of Fully Taxable Equivalent Net Interest Income to Net Interest Income For the Six For the Twelve Months Ended For the Three Months Ended Months Ended 12/31/2022 12/31/2023 12/31/2024 12/31/2025 6/30/2025 9/30/2025 12/31/2025 3
Slide 34: Reconciliation of Non-GAAP Financial Measures (continued)
Reconciliation of Non-GAAP Financial Measures (continued) PARK NATIONAL CORPORATION Financial Reconciliations NON-GAAP RECONCILIATIONS SIX MONTHS THREE MONTHS ENDED ENDED (in thousands, except share and per share data) 6/30/2026 3/31/2026 6/30/2026 Net interest income $ 138,857 $ 125,780 $ 264,637 l
Slide 35: Park National Corporation
Park National Corporation PARK NATIONAL CORPORATION