Park National (PRK) investor relations material

Strategic developments and market expansion

• Completed acquisition of First Citizens Bancshares, expanding into Tennessee and solidifying asset size above $10 billion as of February 2026.

• Entered new markets in the Midwest, Southeast, and Mid-Atlantic through acquisitions and de novo branches, targeting regions with strong population growth and low unemployment.

• Maintains a two-pronged M&A strategy: traditional community bank acquisitions and metro market expansion.

• Regional leadership team averages over 30 years of banking experience, supporting local market knowledge.

Financial performance and profitability

• Reported $12.7 billion in assets and $10.7 billion in deposits as of June 30, 2026, with 29% of deposits non-interest bearing.

• Adjusted return on average assets was 1.89% and adjusted return on average tangible common equity was 16.86% for the first half of 2026.

• Q2 2026 adjusted net income reached $61.8 million, up from $53.5 million in Q1 2026.

• Net interest margin remained stable at 4.74% for the first half of 2026.

• Non-interest income contributed 21.7% to operating revenue for the six months ended June 30, 2026.

Balance sheet strength and capital position

• CET1 ratio stood at 13.7%, over 600 basis points above regulatory minimums.

• Total risk-based capital ratio was 14.92% at June 30, 2026.

• Book value per share increased to $95.58 and tangible book value per share to $78.92 at June 30, 2026.

• Allowance for credit losses was 1.14% of total loans, reflecting conservative risk management.