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Park National Corp. (PRK) has shared an announcement.
Park National Corporation reported a solid performance in the first quarter of 2024, with a net income of $35.2 million, marking a 4.4% increase from the previous year. The growth is attributed to a $3.4 million rise in net interest income due to higher interest income from loans, mitigated by increased interest expenses. Other income also rose by 7.4%, primarily from fiduciary activities and bank-owned life insurance income. Additionally, the company declared a quarterly cash dividend of $1.06 per share payable on June 10, 2024, showcasing confidence in their financial stability and commitment to shareholder returns.
For detailed information about PRK stock, go to TipRanks’ Stock Analysis page.
