Park National Corporation · AMEX:PRK
Park National — Q3 2026 Earnings Presentation
35 slides from Park National's earnings presentation, Nov 3, 2026
Slide 1: Park National Corporation
Park National Corporation P A R K N A T I O N A L C O R P O R A T I O N
Slide 2: Safe Harbor Statement
Safe Harbor Statement P A R K N A T I O N A L C O R P O R A T I O N 2 This presentation contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance of Park National Corporation (“Park”). Forward-looking statements provide current e
Slide 3: Disclaimer: Non-GAAP Financial Measures
Disclaimer Non-GAAP Financial Measures This presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the U.S. (“GAAP”). Management believes that the disclosure of these “non-GAAP” financial measures presents a
Slide 4: Snapshot
Snapshot • As of September 30, 2026, Park National Corporation (NYSE American: PRK) was a $12.6 billion asset financial holding company headquartered in Newark, OH, conducting banking operations through its wholly-owned subsidiary, The Park National Bank. • On February 1, 2026, Park closed the previ
Slide 5: Overview of Park National Corporation
P A R K N A T I O N A L C O R P O R A T I O N Overview of Park National Corporation
Slide 6: Overview of Park National Corporation
Overview of Park National Corporation P A R K N A T I O N A L C O R P O R A T I O N 6 • The Park National Bank, is headquartered in Newark, Ohio and was founded in 1908. • $12.6 billion total assets and $9.9 billion assets under management(1) at September 30, 2026. • Park common shares are publicly
Slide 7: Attractive Geographic Footprint
Attractive Geographic Footprint P A R K N A T I O N A L C O R P O R A T I O N 7 Ohio North Carolina South Carolina Kentucky OfficesCounties Served Full-Time(2) EmployeesTrust AUM(1)DepositsLoansRegion 206159$1.66B$1.65B$951MWestern Ohio 207188$1.60B$1.95B$1.36BNorthern Ohio 136194$1.39B$1.13B$2.79BM
Slide 8: Community Bank Regions leadership team
• Strong history of operating in Park’s regional bank model. • Regional leadership team averages approximately 29 years of banking experience and 21 years of leadership tenure with Park. P A R K N A T I O N A L C O R P O R A T I O N 8 Community Bank Regions Years in Industry Years with PNB (1)AgePos
Slide 9: Park M&A Strategy
Park M&A Strategy Two-prong strategy guidelines: 1. Traditional M&A • Strong franchise, good reputation and asset quality • Competitive market share • Continuity of management and leadership • Traditional community bank structure • Sticky, low-cost core deposits • Disciplined approach to pricing and
Slide 10: Financial Summary
P A R K N A T I O N A L C O R P O R A T I O N Financial Summary
Slide 11: 2026 Third Quarter Highlights
2026 Third Quarter Highlights P A R K N A T I O N A L C O R P O R A T I O N 11 • Park’s Consolidated Capital Ratios at September 30, 2026: – Total Shareholders’ Equity to Total Assets of 13.55% – Tangible Common Equity to Tangible Assets of 11.42%(1) – Leverage Ratio of 12.03% – Total Risk-Based Cap
Slide 12: Strong Balance Sheet
Strong Balance Sheet P A R K N A T I O N A L C O R P O R A T I O N 12 Total Assets Total Loans (excluding PPP) (1) Total Deposits (includes off balance sheet) (2) Total Shareholders’ Equity (Dollars in millions) (Dollars in millions) (Dollars in millions) (Dollars in millions) (1) Excludes PPP loans
Slide 13: Strong Earnings – Adjusted 2026YTD
Efficiency Ratio & Non-Int. Exp. / Avg. Assets(1)(3) Strong Earnings – Adjusted 2026YTD(3) 13 (Dollars in millions) Net Income, ROAA & ROATE(1)(3) Non-Interest Income / Operating Revenue (2)(3) Pre-Tax, Pre-Provision Income / Avg. Assets(1)(3) (1) See Reconciliation of Non-GAAP Financial Measures sh
Slide 14: Stable Net Interest Margin
Stable Net Interest Margin P A R K N A T I O N A L C O R P O R A T I O N 14 Asset Yields, Liability Costs, and Net Interest Margin(1)(2) (1) Net interest margin shown on a fully taxable equivalent basis assuming a 21% corporate federal income tax rate. See “Reconciliation of Non-GAAP Financial Measu
Slide 15: Diverse Fee Income
Diverse Fee Income P A R K N A T I O N A L C O R P O R A T I O N 15 Overview • The business lines responsible for generating the majority of fee income are wealth management, mortgage banking, and retail banking (interchange fees). • Diversified revenue base with approximately 21.3% non-interest inc
Slide 16: Disciplined Approach to Managing Operating Expenses
Disciplined Approach to Managing Operating Expenses P A R K N A T I O N A L C O R P O R A T I O N 16 Efficiency Ratio(1) & Non-interest Expense Non-interest Expense Composition (YTD) Note: Financial data as of September 30, 2026 unless otherwise noted. (Dollars in millions) • Significant investment
Slide 17: High Quality Capital Structure
High Quality Capital Structure P A R K N A T I O N A L C O R P O R A T I O N 17 Tier 1 Capital Allowance for Credit Losses Note: Financial data as of September 30, 2026 unless otherwise noted. The ACL balance above is different that SEC disclosures because purchase credit deteriorated loans in nonac
Slide 18: Robust Capital Ratios
Robust Capital Ratios P A R K N A T I O N A L C O R P O R A T I O N 18 (1) Adequately capitalized thresholds plus capital conservation buffer of 2.5%. (2) Regional Peer Group was used, as defined in the 2026 proxy. Park’s 2026 Q3 data above is compared to peer median data as of 2026 Q2. (3) The decl
Slide 19: High-Quality and Diversified Loan Portfolio
High-Quality and Diversified Loan Portfolio P A R K N A T I O N A L C O R P O R A T I O N 19 • Park has a well-secured loan portfolio with geographic and asset class diversity. • Out-of-market portfolio is largely limited to specialty lending, which has conservative underwriting and is subject to in
Slide 20: Healthy Allowance Levels Safeguard Shareholders' Equity
Healthy Allowance Levels Safeguard Shareholders’ Equity P A R K N A T I O N A L C O R P O R A T I O N 20 Allowance / Total LoansOverview • Allowance for credit losses was 1.12% of total loans as of September 30, 2026. • Conservative classification of commercial loans and prudent identification of pr
Slide 21: Stable Asset Quality
Stable Asset Quality P A R K N A T I O N A L C O R P O R A T I O N 21 Classified Loans(2) / Tier 1 Capital + ACL Overview • Conservative underwriting and strong asset quality. • Of the $86.9 million in nonaccrual loans, $60.3 million, or about 69.3%, were current with contractual payments at Septemb
Slide 22: Stable, Low-Cost Core Deposits
Stable, Low-Cost Core Deposits P A R K N A T I O N A L C O R P O R A T I O N 22 • With minimal reliance on costly time deposits and a relatively high level of non-interest bearing deposits, Park has cultivated a loyal and low-cost source of funds. • Non-interest bearing deposits represented 29% of t
Slide 23: High Quality Securities Portfolio
High Quality Securities Portfolio P A R K N A T I O N A L C O R P O R A T I O N 23 • Park’s investment securities portfolio is highly rated(1): • 80.1% are AAA rated or Agency Backed • 17.1% are AA+, AA, AA-, or A- rated • 2.8% are BBB, BBB-, or Not Rated • All mortgage-backed securities and collate
Slide 24: Appendix
P A R K N A T I O N A L C O R P O R A T I O N Appendix
Slide 25: Senior Management
Senior Management P A R K N A T I O N A L C O R P O R A T I O N 25 David L. Trautman – Chairman of the Board – Age: 65 (43 years with Park) • Chairman of the Board since May 2019. • CEO from January 2014 of Park and Park National Bank until December 2025. • President of Park and Park National Bank f
Slide 26: Senior Management (continued)
Senior Management (continued) P A R K N A T I O N A L C O R P O R A T I O N 26 Brady T. Burt – Chief Financial Officer – Age: 54 (19 years with Park) • Chief Financial Officer of Park and Park National Bank since December 2012. • Chief Accounting Officer of Park and Park National Bank from April 200
Slide 27: Experienced Management Team
Experienced Management Team • Park National Bank’s management team consists of leaders with deep market knowledge. • The management team averages 26 years of banking experience. • The average team tenure with Park National Bank is approximately 19 years. P A R K N A T I O N A L C O R P O R A T I O N
Slide 28: Installment Lending Portfolio
Installment Lending Portfolio P A R K N A T I O N A L C O R P O R A T I O N 28 Note: Financial data as of September 30, 2026 • Park National Bank’s installment portfolio includes $1.7B of indirect loans and $206MM of direct loans. Of which, $3.7MM is nonaccrual or 90+ days delinquent and the portfol
Slide 29: Installment Lending Portfolio (continued)
Installment Lending Portfolio (continued) P A R K N A T I O N A L C O R P O R A T I O N 29 Note: Financial data as of September 30, 2026
Slide 30: Specialty Lending
Specialty Lending • Park has successfully operated in the specialty finance area for many years, specifically focusing on turbo-prop and light jets and structured finance lending to non-bank consumer finance companies. Net charge-offs in specialty lending have not materially impacted Park’s overall
Slide 31: Insured Deposits Trend
Insured Deposits Trend 81.9% 81.5% 78.4% 78.5% 78.0% 4.8% 4.6% 6.7% 6.6% 6.0% 13.3% 13.8% 14.9% 14.9% 16.1% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Insured Collateralized Uninsured & Uncollateralized 31
Slide 32: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures P A R K N A T I O N A L C O R P O R A T I O N 32 Reconciliation of Average Shareholders' Equity to Average Tangible Equity For the Twelve Months Ended For the Three Months Ended For the Nine Months Ended 12/31/2022 12/31/2023 12/31/2024 12/31/2025 9/30/2
Slide 33: Reconciliation of Non-GAAP Financial Measures (continued)
Reconciliation of Non-GAAP Financial Measures (continued) P A R K N A T I O N A L C O R P O R A T I O N 33 Reconciliation of Fully Taxable Equivalent Net Interest Income to Net Interest Income For the Twelve Months Ended For the Three Months Ended For the Nine Months Ended 12/31/2022 12/31/2023 12/3
Slide 34: Reconciliation of Non-GAAP Financial Measures (continued)
Reconciliation of Non-GAAP Financial Measures (continued) 34 Financial Reconciliations NON-GAAP RECONCILIATIONS (in thousands, except share and per share data) 6/30/2026 9/30/2026 9/30/2026 Net interest income $ 138,857 $ 140,743 $ 405,380 less purchase accounting accretion 2,147 2,342 5,301 less in
Slide 35: Park National Corporation
Park National Corporation P A R K N A T I O N A L C O R P O R A T I O N