KBRA Comments on Park National Corporation's Acquisition of First Citizens Bancshares, Inc.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On October 27, 2025, Newark, OH-based Park National Corporation (NYSE: PRK) ("Park" or “the company”) announced a definitive agreement to acquire Dyersburg, TN-based First Citizens Bancshares, Inc. (FIZN) in an all-stock transaction valued at approximately $317 million, representing 1.68x tangible book value at the time of deal announcement. The transaction is expected to close in 1Q26, pending shareholder and regulatory approvals, with integration anticipated in 3Q26.

Business Wire • Nov 4, 2025

DFCU Financial Completes Winter Park National Bank Acquisition and Expands Presence Across Central Florida

DEARBORN, Mich. and WINTER PARK, Fla., Nov. 03, 2025 (GLOBE NEWSWIRE) -- DFCU Financial, one of Michigan's largest and most trusted credit unions, and Winter Park National Bank, a leading Central Florida community bank, today announced the completion of their previously announced business combination. All Winter Park National Bank locations are now operating under the DFCU Financial name.

GlobeNewsWire • Nov 3, 2025

Park National Corporation reports financial results for third quarter and first nine months of 2025

NEWARK, Ohio, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the third quarter and first nine months of 2025. Park's board of directors declared a quarterly cash dividend of $1.07 per common share and a special one-time dividend of $1.25 per common share, both payable on December 10, 2025, to common shareholders of record as of November 21, 2025.

GlobeNewsWire • Oct 27, 2025

Park National Bank welcomes First Citizens National Bank in strategic partnership

NEWARK, Ohio and DYERSBURG, Tenn., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (“Park”) (NYSE AMERICAN: PRK) and First Citizens Bancshares, Inc. (“FIZN”) (OTCEM: FIZN) have signed a definitive merger agreement, pursuant to which FIZN will merge with and into Park (the “parent merger”). Following the parent merger, First Citizens National Bank (First Citizens), the bank subsidiary of FIZN, will merge with and into Park's bank subsidiary, The Park National Bank (the “bank merger”). After closing, First Citizens' CEO and President, Jeff Agee, will lead the new Tennessee Region of Park National Bank. One current FIZN director will join Park's Board of Directors, and Park will maintain First Citizens' current two local community advisory boards. Park will continue First Citizens' strong legacy of community support through local partnerships, investment and engagement, and will maintain First Citizens' philanthropic commitments to organizations across its footprint.

GlobeNewsWire • Oct 27, 2025

Park National (PRK) Beats Q3 Earnings and Revenue Estimates

Park National (PRK) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to earnings of $2.25 per share a year ago.

Zacks Investment Research • Oct 27, 2025

Park National (PRK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

The headline numbers for Park National (PRK) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks Investment Research • Oct 28, 2025

Park National Corporation names Matthew R. Miller Chief Executive Officer; David L.

NEWARK, Ohio, July 29, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) has named Matthew R. Miller Chief Executive Officer of Park National Corporation and Park National Bank effective January 1, 2026. Miller will retain his title as president. David L. Trautman will continue to serve as Chair of the Board.

GlobeNewsWire • Jul 29, 2025

Park National Corporation reports financial results for second quarter and first half of 2025

NEWARK, Ohio, July 28, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the second quarter and first half of 2025. Park's board of directors declared a quarterly cash dividend of $1.07 per common share, payable on September 10, 2025, to common shareholders of record as of August 15, 2025.

GlobeNewsWire • Jul 28, 2025

Park National (PRK) Q2 Earnings and Revenues Beat Estimates

Park National (PRK) came out with quarterly earnings of $2.9 per share, beating the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $2.38 per share a year ago.

Zacks Investment Research • Jul 28, 2025

Earnings Estimates Rising for Park National (PRK): Will It Gain?

Park National (PRK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Investment Research • May 5, 2025