Park National Corporation · AMEX:PRK
Park National — Shareholder Meeting (April 2023)
11 slides from Park National's shareholder meeting presentation, Apr 24, 2023
Slide 1: Annual Meeting of Shareholders
PA R K N AT I O N A L C O R P O R AT I O N Annual Meeting of Shareholders A P R I L 2 4 , 2 0 2 3
Slide 2: Safe Harbor Statement
Safe Harbor Statement Park cautions that any forward-looking statements contained in this news release or made by management of Park are provided to assist in the understanding of anticipated future financial performance. Forward-looking statements provide current expectations or forecasts of future
Slide 3: Park National Corporation
Park National Corporation P A R K N A T I O N A L B A N K 3
Slide 4: Park National Bank Footprint
Park National Bank Footprint P A R K N A T I O N A L C O R P O R A T I O N 4 South Carolina Region Deposits Trust AUM1 Full-Time2 Employees Counties Served Offices Western Ohio $1.72B $1.09B 174 6 24 Northern Ohio $2.01B $1.17B 216 8 24 Metro $880M $1.02B 158 6 10 Central Ohio $1.82B $3.50B 193 5 17
Slide 5: Overview of Park National Corporation
YTD $ in millions 3/31/2023 12/31/2022 12/31/2021 Total Assets $9,857 $9,855 $9,560 Total Loans $7,094 $7,142 $6,871 Total Deposits $8,294 $8,235 $7,905 Total Shareholders' Equity $1,082 $1,069 $1,111 ACL / Loans 1.21% 1.20% 1.21% NPAs / Total Assets (1) 0.76% 0.82% 0.80% Net Interest Margin (2) 4.0
Slide 6: Financial Highlights
Q1 2023 Q1 2022 Year Ended 2022 Year Ended 2021 (in thousands) INCOME STATEMENT: Net interest income $92,198 $77,686 $347,059 $329,893 Provision for (recovery of) credit losses 183 (4,605) 4,557 (11,916) Other income 24,387 31,656 135,935 129,944 Other expense 76,503 67,373 297,978 283,518 Income be
Slide 7: PRK Favorite Numbers
PRK Favorite Numbers P A R K N A T I O N A L C O R P O R A T I O N 7 1 Q1 2023 + Q1 2022 figures are annualized. Q1 2023 Q1 2022 2022 2021 Return on average assets 1.36% 1.60% 1.48% 1.56% Return on average shareholders’ equity 12.54% 14.26% 13.78% 14.45% Net interest margin 4.08% 3.55% 3.80% 3.69% E
Slide 8: Current Events
P A R K N A T I O N A L C O R P O R A T I O N 8 Current Events - Strong liquidity - Strong tangible common equity - Total capital ratio of 16.07 at 12/31/2022. (1) – Includes Fed Funds Sold, off balance sheet deposits, unpledged investment securities and available FHLB borrowing capacity (in thousan
Slide 9: Uninsured Deposits
P A R K N A T I O N A L C O R P O R A T I O N 9 Uninsured Deposits Uninsured deposits includes $288 million of deposits which are over $250,000 but are fully collateralized by Park's investment securities portfolio. (in thousands) Q1 2023 Uninsured Deposits $1,539,608 Uninsured Deposits / Total Depo
Slide 10: Serving More – like Amanda!
P A R K N A T I O N A L C O R P O R A T I O N 10 Serving More – like Amanda! In the words of a customer . . . “There is such a lack of great customer service today, so I felt compelled to post about my recent experience with Park National Bank. My mother in law passed away last week, and I had a que
Slide 11: We Live and Love to Serve
P A R K N A T I O N A L C O R P O R A T I O N We Live and Love to Serve. Let us know how we may help you, your family and your friends!