Park National Corporation · AMEX:PRK
Park National — Shareholder Meeting (April 2018)
23 slides from Park National's shareholder meeting presentation, Apr 23, 2018
Slide 1: Annual Meeting of Shareholders April 23, 2018
ANNUAL MEETING OF SHAREHOLDERS April 23, 2018 1 File by Park National Corporation Pursuant to Rule 425 under the Securities Act of 1933 Issuing Company: Park National Corporation Registration Statement on Form S-4 File No. 333-2233559 Subject Company : NewDominion Bank
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 Park cautions that any forward-looking statements contained in this presentation or otherwise made by management of Park are provided to assist in the understanding of anticipated future financial performance. Forward-looking statements provide current expectations or forecas
Slide 3: Safe Harbor Statement (cont.)
3 Safe Harbor Statement (cont.) the effect of healthcare laws in the United States and potential changes for such laws which may increase our healthcare and other costs and negatively impact our operations and financial results; significant changes in the tax laws, which may adversely affect the fai
Slide 4: Park National Corporation Profile
Park National Corporation Profile (as of March 31, 2018) • 10 Community Bank Divisions • 2 Specialty Finance Companies • One non-bank workout subsidiary • 29 Ohio counties • 108 bank offices • 6 specialty finance offices • 1,750 FTEs 4
Slide 5: Affiliate Relative Size
Affiliate Relative Size Based on aggregate amount of deposits, loans, repurchase agreements, and trust assets (as of March 31, 2018) PND 36% FND 7% PSD 5% RBD 7% CND 9% FKD 13% UBD 2% SND 6% SED 12% UND 3% 5
Slide 6: Park National Corporation Consolidated Statements of Income
Park National Corporation Consolidated Statements of Income Source: Company Filings 6 (in thousands) Dec. 31, 2016 Dec. 31, 2017 Mar. 31, 2017 Mar. 31, 2018 Net interest income $ 238,086 $ 243,759 $ 58,952 $ 64,850 (Recovery of) provision for loan losses (5,101) 8,557 876 260 Net interest income aft
Slide 7: Park National Corporation Consolidated Balance Sheets
Park National Corporation Consolidated Balance Sheets Source: Company Filings 7 (in millions) Dec. 31, 2016 Dec. 31, 2017 Mar. 31, 2018 Cash & cash equivalents $ 146 $ 169 $ 277 Investment securities 1,580 1,513 1,464 Loans 5,272 5,372 5,292 Allowance for loan losses (51) (50) (49) Other assets 521
Slide 8: The Park National Bank Consolidated Statements of Income
The Park National Bank Consolidated Statements of Income Source: Company Filings 8 (in thousands) Dec. 31, 2016 Dec. 31, 2017 Mar. 31, 2017 Mar. 31, 2018 Net interest income $ 227,576 $ 235,243 $ 57,480 $ 61,441 Provision for (recovery of) loan losses 2,611 9,898 720 (67) Net interest income after p
Slide 9: The Park National Bank Consolidated Balance Sheets
The Park National Bank Consolidated Balance Sheets Source: Company Filings 9 (in millions) Dec. 31, 2016 Dec. 31, 2017 Mar. 31, 2018 Cash & cash equivalents $ 146 $ 168 $ 270 Investment securities 1,573 1,508 1,453 Loans 5,235 5,339 5,274 Allowance for loan losses (49) (48) (47) Other assets 485 501
Slide 10: PRK Comparison to Peers
PRK Comparison to Peers Ratios at December 31 for each year Source: Company Filings and SNL data of $3 to $10 billion bank holding companies 10 PRK Price to Book % Peer Group Price to Book % PRK Price to Tangible Book Peer Group Price to Tangible Book % PRK Price to Earnings Peer Group Price to Earn
Slide 11: Dividends
Dividends 11 On April 20, 2018, the Park Board of Directors declared a quarterly cash dividend of $0.96 per common share, an increase of $0.02 per common share. Additionally, the Park Board of Directors declared a $0.25 per common share special cash dividend.
Slide 12: Efficiency Ratio: PRK vs. Peers
12 64.06 64.70 61.17 62.82 61.19 58.74 68.95 68.00 64.98 64.03 62.21 50 55 60 65 70 75 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 3/31/2018 Pe rc en t (% ) Efficiency Ratio PRK Peer Group PRK vs. Peers Source: BHC Performance Report; Peers include all bank holding companies nationwide wi
Slide 13: Park National Corporation Nonperforming Assets
Park National Corporation Nonperforming Assets Source: BHC Performance Report and Company Filings; March 31, 2018 data unavailable for Peer Group (N/A) Peers include all bank holding companies nationwide with total assets between $3.0 and $10.0 billion 13 (in thousands) Dec. 31, 2016 Dec. 31, 2017 M
Slide 14: The Park National Bank Fiduciary Income and Asset Trends
14 3.00 3.50 4.00 4.50 5.00 5.50 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 3/31/2018 14.0 16.0 18.0 20.0 22.0 24.0 26.0 28.0 (A ss et s in m ill io ns ) (R ev en ue in m ill io ns ) Trust Assets (market value) (left Y axis) Fiduciary Revenue (right Y axis) The Park National Bank Fiducia
Slide 15: The Park National Bank Indirect Loan Trends
The Park National Bank Indirect Loan Trends Source: Company Filings 15 $0 $200 $400 $600 $800 $1,000 $1,200 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 3/31/2018 (L oa ns in m ill io ns ) Indirect Loan Totals
Slide 16: The Park National Bank Mortgage Totals
16 The Park National Bank Mortgage Totals Source: Company Filings Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Mar. 31, 2018 Portfolio Loans $1,177 $1,221 $1,248 $1,219 $1,165 $1,151 Serviced Loans $1,326 $1,264 $1,273 $1,328 $1,370 $1,369 Total Mortgage Loans $2,503 $2,485
Slide 17: The Park National Bank Deposit Totals
17 The Park National Bank Deposit Totals Source: Company Filings Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Mar. 31, 2017 Mar. 31, 2018 Noninterest Bearing $1,508 $1,635 $1,717 $1,655 $1,714 Interest Bearing $3,939 $3,995 $4,180 $4,368 $4,463 Total Deposits $5,447 $5,630 $5,897 $6,023 $6,177 $0 $1,00
Slide 18: The Park National Bank: Headquarter Counties – Deposits
The Park National Bank The bank of choice Headquarter Counties – Deposits (in thousands) Source: SNL, June 30, 2017 18 Bank Division Year Joined Park Hdqtr. Co. Deposits Total County Deposits % of 2017 Market Share % of 2016 Market Share 2017 Headquarter County Market Share Rank 2016 Headquarter Cou
Slide 19: Net Promoter Score Comparison of Results
Net Promoter Score Comparison of Results 35 77 78.61 79.86 0 10 20 30 40 50 60 70 80 90 Financial Industry Average 2015 PRK Average 2016 PRK Average 2017 PRK Average World Class Companies 19 Financial Industry Includes direct banks, credit unions, community banks, regional banks and national banks.
Slide 20: Priority Series of Accounts
Priority Series of Accounts Four great accounts, one is perfect for you! Advantage Account Premium perks ⎼ Earns interest ⎼ ATM fee refunds ($20/month) ⎼ Free checks ⎼ Overdraft Guard Simplicity Account Uncomplicated banking ⎼ Free introductory checks ⎼ Paperless statement Access Account Popular for
Slide 21: Park National / NewDominion Branches
Park National / NewDominion 21 Park Branches (108) NewDominion Branches (2)
Slide 22: Important Additional Information
Important Additional Information “NewDominion”) with and into Bank (“PNB”), id Corporation (“Park”), it iti "SEC")a Registration Statement on Form S-4 Prospectus of Park, is vote to buy or approval. SHAREHOLDERS OF NEWDOMINION ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROS
Slide 23: Annual Meeting of Shareholders April 23, 2018
ANNUAL MEETING OF SHAREHOLDERS April 23, 2018 23