Park National Corporation · AMEX:PRK
Park National — Shareholder Meeting (April 2021)
13 slides from Park National's shareholder meeting presentation, Apr 26, 2021
Slide 1: Park National Corporation: Annual Meeting of Shareholders
PARK NATIONAL CORPORATION: Where you mean more Annual Meeting of Shareholders April 26, 2021
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. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance
Slide 3: Overview of Park National Corporation
Overview of Park National Corporation P A R K N A T I O N A L C O R P O R A T I O N 3 • Park’s bank subsidiary, The Park National Bank, is headquartered in Newark, Ohio and was founded over 110 years ago in 1908. • $9.9 billion of total assets and $7.2 billion of assets under management(1) as of Mar
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 Ohio North Carolina South Carolina Kentucky Region Deposits Trust AUM(1) Full-Time(2) Employees Counties Serv ed Offices Western Ohio $1.68B $1.09B 181 6 24 Northern Ohio $1.95B $1.08B 240 8 24 Metro $805M $1.01B 173 5 9 Ce
Slide 5: Pandemic Response
Pandemic Response • Launched a digital app called ParkDirect, a new virtual relationship banking experience. • Suspended share repurchases and slightly increased cash dividends from the 2019 rate. • PPP Round 1: Originated 4,439 loans with a total loan amount of $543.1 million, predominantly to Park
Slide 6: Financial Highlights
Financial Highlights P A R K N A T I O N A L C O R P O R A T I O N 6 Q1 2021 Q1 2020 Year Ended 2020 Year Ended 2019 (in thousands) INCOME STATEMENT: Net interest income $80,734 $76,283 $327,630 $297,737 (Recovery of) provision for credit losses (4,855) 5,153 12,054 6,171 Other income 34,089 22,486
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 Q1 2021 2020 2019 2018 2017 Return on average assets 1.81% 1.38% 1.21% 1.45% 1.09% Return on average equity 16.63% 12.68% 11.14% 14.08% 11.15% Net interest margin 3.76% 3.93% 3.89% 3.84% 3.48% Earnings per share - diluted $10.59 (1
Slide 8: Steady Balance Sheet Growth
Steady Balance Sheet Growth P A R K N A T I O N A L C O R P O R A T I O N 8 Total Assets Total Loans Total Deposits Total Shareholders’ Equity (Dollars in mill ions) (Dollars in mill ions) (Dollars in mill ions) (Dollars in mill ions) $7,538 $7,804 $8,558 $9,279 $9,914 2017Y 2018Y 2019Y 2020Y 2021Q1
Slide 9: High-Quality and Diversified Loan Portfolio
High-Quality and Diversified Loan Portfolio as of Q1 2021 P A R K N A T I O N A L C O R P O R A T I O N 9 Total Loan Portfolio: $7.2B Includes $396.9 million in PPP loans (in C,F&A) Commercial, Financial, and Agricultural 22% Commercial Real Estate 25% Construction Real Estate 5% Residential Real Es
Slide 10: Stable Asset Quality
Stable Asset Quality P A R K N A T I O N A L C O R P O R A T I O N 10 Net Charge-Offs / Average Loans Classified Loans(2) / Tier 1 Capital + ACL Overview • Conservative underwriting and strong asset quality allowed Park to enter the economic downturn well-prepared. • Of the $114.7 million in nonaccr
Slide 11: Stable Core Deposits
Stable Core Deposits P A R K N A T I O N A L C O R P O R A T I O N 11 • Non-interest bearing deposits represented 35% of total deposits. Total Deposits: $8.2 billion Non-CD Deposits / Total Deposits: 90% Note: Financial data as of March 31, 2021 unless otherwise noted Non-interest Bearing 35% Transa
Slide 12: Non-GAAP Measures
Non-GAAP Measures P A R K N A T I O N A L C O R P O R A T I O N 12 Reconciliation of Average Shareholders' Equity to Average Tangible Common Equity Three Months Ended March 31, 2021 December 31, 2020 March 31, 2020 Average Shareholders' Equity 1,044,412$ 1,035,493$ 981,976$ Less: Average Goodwill an
Slide 13: We exist to Serve. Let us know how we may help
P A R K N A T I O N A L C O R P O R A T I O N We exist to Serve. Let us know how we may help you, your family and/or your friends!