Core Insights - Park National Corporation reported strong financial results for Q3 and the first nine months of 2025, with net income increasing by 23.4% year-over-year for Q3 and 21.8% for the first nine months [2][12][15] - The company declared a quarterly cash dividend of $1.07 and a special one-time dividend of $1.25 per common share, both payable on December 10, 2025 [1][2] Financial Performance - Q3 2025 net income was $47.2 million, up from $38.2 million in Q3 2024, translating to net income per diluted common share of $2.92 compared to $2.35 in the prior year [2][15] - For the first nine months of 2025, net income reached $137.4 million, compared to $112.8 million in the same period of 2024, with net income per diluted common share increasing to $8.48 from $6.95 [2][12] Loan and Deposit Growth - Total loans increased by 2.2% (3.0% annualized) during the first nine months of 2025, and by 3.4% for the 12-month period ending September 30, 2025 [3] - Reported period-end deposits rose by 2.3% (3.1% annualized) in the first nine months of 2025, with a 1.4% increase for the 12-month period [4] Asset and Equity Metrics - As of September 30, 2025, Park National Corporation had total assets of $9.9 billion and total shareholders' equity of $1.33 billion, reflecting a 2.9% increase from the previous quarter [5][11] - The company's book value per common share at period end was $82.87, up 2.9% from the previous quarter [9] Efficiency and Profitability Ratios - The return on average assets for Q3 2025 was 1.83%, while the return on average shareholders' equity was 14.19% [9][12] - The efficiency ratio improved to 55.85% in Q3 2025, down from 61.98% in Q3 2024, indicating better cost management [9][12] Other Financial Highlights - Net interest income for Q3 2025 was $111.0 million, a 9.8% increase from Q3 2024 [9][14] - The provision for credit losses decreased by 24.2% year-over-year for Q3 2025, indicating improved asset quality [9][14]