Park National Corporation (PRK) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Park National Corporation

Market cap $3B · 52 weeks $150 – $213 (17 % below the high) · P/E 15.4× · 2027 expected P/E 13.4× · Dividend 3.2 % · Next earnings January 25, 2027 · expected EPS $3.33 · Closing price, Oct 30 · accounts published Oct 26.

• Valuation: P/B 1.9× (justified).
• Business: ROTCE 15.1 % (excellent).
• Balance sheet: Capital/assets 13.8 % (solid).
• Earnings: 8 of 8 (on track).

What would it be worth at its usual multiples?

At a P/B justified by its ROTCE 15.1 % (2.0×) $190 (+8 %); at its peers' median (1.1×) $101 (-42 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in banking: 5 of 5 pass

• ROA 1.6 %, passes.
• ROTCE 15.1 %, passes.
• Equity / Assets (Tier 1 proxy) 13.8 %, passes.
• P/B (Price / Book) 1.9×, passes.
• Sustainable dividend yield 3.2 %, passes.

Against its peers (reference peers) — Park National Corporation: P/E 15.4×; P/B 1.9×; ROE 12.3 %; $3.2B. Seacoast Banking Corporation of Florida (P/E 19.7×; P/B 1.1×; ROE 6.1 %; $3.2B), Simmons First National Corporation (P/E 12.9×; P/B 1.0×; ROE 7.6 %; $3.3B), TowneBank (P/E 10.2×; P/B 1.1×; ROE 12.4 %; $3.4B).

Expensive or cheap against its last ten fiscal years?

P/B at each close: today 1.9× · median 2.0× · minimum 1.1× · maximum 2.8× · cheap below 1.8× · expensive above 2.2×. It has been cheaper than today only 33% of the time over its last ten fiscal years.

Dividend

tight (only raised recently) · Yield 3.2 % ($5.59 per share in 2025) · Years raising it 2 · 5-year growth +5 % a year · Free cash flow coverage payout 50 % · With $1,000 invested today you'd collect $32.00 a year ($2.67 a month).