Park National completes $324M First Citizens acquisition, reports Q1 earnings

Filed April 24, 2026 · Period ending April 24, 2026 · ~1 min read

Key Changes

• high

  Closed all-stock acquisition of First Citizens Bancshares on Feb 1, 2026 for $324.1M, issuing 1,988,131 shares and adding $2.6B in assets, $1.6B in loans, and $2.2B in deposits across new Tennessee region.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Q1 2026 net income of $41.7M ($2.39 per diluted share) declined 1.1% year-over-year, driven by $15.5M in merger-related expenses; pre-tax, pre-provision income rose 4.6% to $54.3M, reflecting stronger core operations.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Net interest income grew 20.5% to $125.8M from $104.4M in Q1 2025, with Tennessee region contributing $17.4M in loan interest income; net interest margin compressed to 4.80% from 4.88% prior quarter.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →