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Park National Announces Merger with First Citizens

Story Highlights
  • Park National Corporation plans to merge with First Citizens Bancshares, enhancing its market position.
  • Park reported a 23.4% increase in net income for Q3 2025, reflecting strong financial performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Park National Announces Merger with First Citizens

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An update from Park National ( (PRK) ) is now available.

On October 27, 2025, Park National Corporation entered into a merger agreement with First Citizens Bancshares, Inc., which will see First Citizens merge into Park, with Park continuing as the surviving corporation. The merger is expected to close in the first quarter of 2026, subject to regulatory approvals and shareholder consent. This strategic move is anticipated to enhance Park’s market positioning by integrating First Citizens’ banking operations. Additionally, Park reported a significant financial performance for the third quarter and first nine months of 2025, with net income increasing by 23.4% and 21.8% respectively, compared to the same periods in 2024. The company also declared a quarterly cash dividend and a special dividend, reflecting its strong financial health and commitment to delivering value to shareholders.

The most recent analyst rating on (PRK) stock is a Hold with a $173.00 price target. To see the full list of analyst forecasts on Park National stock, see the PRK Stock Forecast page.

Spark’s Take on PRK Stock

According to Spark, TipRanks’ AI Analyst, PRK is a Neutral.

Park National’s overall stock score is driven by strong financial performance and a fair valuation, but technical analysis indicates bearish momentum. The company’s solid profitability and attractive dividend yield are offset by negative cash flow trends and technical weakness, suggesting a cautious outlook.

To see Spark’s full report on PRK stock, click here.

More about Park National

Park National Corporation is a financial services company headquartered in Newark, Ohio, with operations conducted through its subsidiary, The Park National Bank. The company also has subsidiaries such as Scope Leasing, Inc. (d.b.a. Scope Aircraft Finance), Park Investments, Inc., and SE Property Holdings, LLC. As of September 30, 2025, Park National Corporation reported total assets of $9.9 billion.

Average Trading Volume: 53,322

Technical Sentiment Signal: Hold

Current Market Cap: $2.56B

For a thorough assessment of PRK stock, go to TipRanks’ Stock Analysis page.

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