Park National (PRK) Beats Q3 Earnings and Revenue Estimates

Core Insights - Park National (PRK) reported quarterly earnings of $2.87 per share, exceeding the Zacks Consensus Estimate of $2.73 per share, and showing an increase from $2.25 per share a year ago, resulting in an earnings surprise of +5.13% [1] - The company achieved revenues of $141.59 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.07% and up from $137.64 million year-over-year [2] - Park National has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Performance - The earnings surprise for the previous quarter was +17.41%, with actual earnings of $2.90 per share compared to an expected $2.47 per share [1] - The current consensus EPS estimate for the upcoming quarter is $2.73, with expected revenues of $140.75 million, and for the current fiscal year, the consensus EPS is $10.62 on revenues of $552.54 million [7] Market Position - Park National shares have underperformed the market, losing about 6.9% since the beginning of the year, while the S&P 500 has gained 15.5% [3] - The Zacks Industry Rank for Banks - Midwest, to which Park National belongs, is currently in the top 26% of over 250 Zacks industries, indicating a favorable industry outlook [8] Future Outlook - The company's earnings outlook will be influenced by management's commentary during the earnings call and the trends in earnings estimate revisions [4][5] - The current favorable trend in estimate revisions has resulted in a Zacks Rank 1 (Strong Buy) for Park National, suggesting expected outperformance in the near future [6]