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Park National Corporation  (PRK)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

PRK's Operating Income Growth by Quarter and Year

Park National's Operating Income results by quarter and year




PRK Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 29.74 48.24 43.55 35.13
III Quarter September 45.75 51.43 47.73 27.34
II Quarter June 38.21 42.09 51.81 30.22
I Quarter March 39.90 46.57 36.70 37.53
FY   153.60 188.33 179.79 130.22



PRK Operating Income fourth quarter 2023 Y/Y Growth Comment
Park National Corporation reported fall in Operating Income in the fourth quarter 2023 by -38.35% to $ 29.74 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 Park National Corporation's Operating Income compares unfavorably to the Company's average Operating Income growth of 6.12%.

Looking into fourth quarter 2023 results within Commercial Banks industry 13 other companies have achieved higher Operating Income growth. While Park National Corporation' s Operating Income drop of -38.35% ranks overall at the positon no. 685 in the fourth quarter 2023.

Explain Operating Income growth


PRK Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -38.35 % 10.77 % 23.97 % 32.32 %
III Quarter September -11.04 % 7.75 % 74.58 % -10.3 %
II Quarter June -9.22 % -18.76 % 71.44 % -1.14 %
I Quarter March -14.32 % 26.89 % -2.21 % 27.31 %
FY   -18.44 % 4.75 % 38.07 % 11.22 %

Financial Statements
Park National's fourth quarter 2023 Operating Income $ 29.74 millions PRK's Income Statement
Park National's fourth quarter 2022 Operating Income $ 48.24 millions Quarterly PRK's Income Statement
New: More PRK's historic Operating Income Growth >>


PRK Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -34.99 % -6.2 % -8.76 % 28.49 %
III Quarter September 19.73 % 22.19 % -7.87 % -9.53 %
II Quarter June -4.24 % -9.62 % 41.17 % -19.48 %
I Quarter March -17.29 % 6.93 % 4.47 % 41.36 %
FY (Year on Year)   -18.44 % 4.75 % 38.07 % 11.22 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #14
Financial Sector #163
Overall #685

Operating Income Y/Y Growth Statistics
High Average Low
46.59 % 6.12 % -19.2 %
(Mar 31 2022)   (Mar 31 2016)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #14
Financial Sector #163
Overall #685
Operating Income Y/Y Growth Statistics
High Average Low
46.59 % 6.12 % -19.2 %
(Mar 31 2022)   (Mar 31 2016)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Park National's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
137.62 % 2.4 % -53.9 %
(Dec 31 2014)  


PRK's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Park National Corporation realized fall in Operating Income sequentially by -34.99% to $ 29.74 millions, from $ 45.75 millions achived in the previous quarter.

This is not huge concern, as IV. Quarter Operating Income generally seem to dip in the IV. Quarter.

Within Commercial Banks industry 22 other companies have achieved higher Operating Income quarter on quarter growth. While Park National's Operating Income growth quarter on quarter, overall rank is 1042.


Operating Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #23
Financial Sector #248
Overall #1042
Operating Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #23
Financial Sector #248
Overall #1042
Operating Income Q/Q Growth Statistics
High Average Low
137.62 % 2.4 % -53.9 %
(Dec 31 2014)  


PRK's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Park National Corporation disclosed fall in Operating Income sequentially by -34.99% to $ 29.74 millions, from $ 45.75 millions achived in the previous reporting period.

But that's not important concern, as Park National's Operating Income always seem to plunge in the IV. Quarter.

Within Commercial Banks industry 22 other companies have achieved higher Operating Income quarter on quarter growth. While Park National's Operating Income growth quarter on quarter, overall rank is 1042.


Park National's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 153.60 $ 172.10 $ 177.78 $ 181.66 $ 188.34
Y / Y Operating Income Growth (TTM) -18.44 % -6.29 % -1.21 % -4.22 % 4.75 %
Year on Year Operating Income Growth Overall Ranking # 648 # 346 # 158 # 334 # 385
Seqeuential Operating Income Change (TTM) -10.75 % -3.19 % -2.14 % -3.54 % 2.55 %
Seq. Operating Income Growth (TTM) Overall Ranking # 685 # 399 # 401 # 694 # 734




Cumulative Operating Income growth Comment
Park National's cumulative 12 months Operating Income continue to fall, but on the faster rate at -18.44% year on year, at Dec 31 2023 compare to the -6.29% decrease at Sep 30 2023. If the Park National's fiscal year would end at Dec 31 2023, annual Operating Income would be $154 millions.

In the Financial sector 155 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 346 to 648.

Operating Income TTM Q/Q Growth Statistics
High Average Low
46.59 %
6.12 %
-19.2 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 14
Financial Sector # 156
Overall # 648

Operating Income TTM Y/Y Growth Statistics
High Average Low
46.59 %
6.12 %
-19.2 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 163
S&P 500 # 685
Cumulative Operating Income growth Comment
Park National's cumulative 12 months Operating Income continue to fall, but on the faster rate at -18.44% year on year, at Dec 31 2023 compare to the -6.29% decrease at Sep 30 2023. If the Park National's fiscal year would end at Dec 31 2023, annual Operating Income would be $154 millions.

In the Financial sector 155 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 346 to 648.

Operating Income TTM Q/Q Growth Statistics
High Average Low
46.59 %
6.12 %
-19.2 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 14
Financial Sector # 156
Overall # 648

Operating Income TTM Y/Y Growth Statistics
High Average Low
46.59 %
6.12 %
-19.2 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 163
S&P 500 # 685




Other Operating Income Growth
Commercial Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
PRK's Operating Income Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for PRK's Competitors
Operating Income Growth for Park National's Suppliers
Operating Income Growth for PRK's Customers

You may also want to know
PRK's Annual Growth Rates PRK's Profitability Ratios PRK's Asset Turnover Ratio PRK's Dividend Growth
PRK's Roe PRK's Valuation Ratios PRK's Financial Strength Ratios PRK's Dividend Payout Ratio
PRK's Roa PRK's Inventory Turnover Ratio PRK's Growth Rates PRK's Dividend Comparisons



Companies with similar Operating Income fall for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Orix Corporation-1.07%$ -1.070 millions
Security Federal Corp-1.47%$ -1.472 millions
Reinsurance Group Of America Incorporated-1.75%$ -1.753 millions
Hamilton Lane Inc-2.09%$ -2.087 millions
Ohio Valley Banc Corp-3.34%$ -3.342 millions
Independent Bank Corporation-3.45%$ -3.454 millions
Cohen and Steers Inc -3.60%$ -3.595 millions
Plumas Bancorp-3.83%$ -3.831 millions
Pathward Financial Inc -3.90%$ -3.903 millions
Crown Castle Inc-3.92%$ -3.922 millions
Cno Financial Group Inc -4.22%$ -4.215 millions
Unity Bancorp inc -4.31%$ -4.305 millions
Intercontinental Exchange Inc -4.71%$ -4.707 millions
Progressive Corp-5.90%$ -5.899 millions
Barclays Plc-6.49%$ -6.489 millions
Republic Bancorp inc -6.62%$ -6.619 millions
Onemain Holdings Inc -6.75%$ -6.751 millions
Chemung Financial Corp-6.76%$ -6.761 millions
Iron Mountain Inc-7.03%$ -7.027 millions
Federal Home Loan Bank Of Boston-7.05%$ -7.049 millions
Tfs Financial Corporation-7.08%$ -7.077 millions
Franklin Financial Services Corporation-7.37%$ -7.368 millions
S and t Bancorp Inc -8.41%$ -8.410 millions
Sierra Bancorp-8.45%$ -8.453 millions
Kilroy Realty Corporation-8.67%$ -8.667 millions
Safety Insurance Group Inc -8.76%$ -8.758 millions
Avalonbay Communities inc -8.79%$ -8.789 millions
City Holding Company-9.08%$ -9.076 millions
Us Bancorp De-9.17%$ -9.173 millions
Magyar Bancorp Inc -9.19%$ -9.189 millions




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