Filing Flows › Park National (PRK) › Q1 2025
Park National (PRK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Park National (PRK) reported revenue of $158M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -4% from the quarter before. Operating margin was 32.4%, net earnings $42.2M (26.7% of revenue).
Park National, Q1 2025: revenue $158M (+3% year over year), operating margin 32.4%, net earnings $42.2M, operating cash flow $37.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $158M | -4% | +3% |
| Operating profit | $51.2M | +8% | +21% |
| Net earnings | $42.2M | +9% | +20% |
| Operating cash flow | $37.7M | -23% | +8% |
| Free cash flow | $36.6M | -22% | +15% |
What changed
Revenue was $157.9M in Q1 2025, up 3% year over year and down 4% from the previous quarter.
Operating profit was $51.2M, a 32.4% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 172% reached operating profit, above the 28% margin then. Total costs fell 3% while revenue rose 3%. Net earnings were $42.2M, up 20% year over year. The effective tax rate was 17.7%.
Operating cash flow was $37.7M (up 8% year over year), 89% of net earnings. Non-cash charges added back $3.2M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $9.7M. Capital expenditures of $1.1M left free cash flow of $36.6M.
Questions
What was Park National's revenue in the first quarter 2025?
Park National (PRK) reported revenue of $158M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -4% from the quarter before.
Was Park National profitable in the first quarter 2025?
Operating profit was $51.2M (32.4% of revenue) and net earnings $42.2M.
Source: Park National 10-Q on SEC EDGAR.