NEWARK, Ohio (AP) — NEWARK, Ohio (AP) — Park National Corp. (PRK) on Monday reported fourth-quarter earnings of $42.6 million.
The bank, based in Newark, Ohio, said it had earnings of $2.63 per share. Earnings, adjusted for non-recurring costs, came to $2.93 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.77 per share.
The financial services holding company posted revenue of $168.3 million in the period. Its revenue net of interest expense was $144.3 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $141.1 million.
For the year, the company reported profit of $180.1 million, or $11.11 per share. Revenue was reported as $557.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRK at https://www.zacks.com/ap/PRK
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