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Park National (PRK) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 4, 2025

Park National (PRK) reported revenue of $169M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +7% from the quarter before. Operating margin was 35.2%, net earnings $48.1M (28.5% of revenue).

Revenue$169M
Year over year+7%
Quarter over quarter+7%
Operating margin35.2%
Net earnings$48.1M

Park National, Q2 2025: revenue $169M (+7% year over year), operating margin 35.2%, net earnings $48.1M, operating cash flow $49.5M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$169M+7%+7%
Operating profit$59.3M+16%+23%
Net earnings$48.1M+14%+22%
Operating cash flow$49.5M+31%-3%
Free cash flow$48.2M+32%-2%

What changed

Revenue was $168.7M in Q2 2025, up 7% year over year and up 7% from the previous quarter.

Operating profit was $59.3M, a 35.2% margin (up 4.5 points year over year). Of the extra revenue versus a year earlier, 100% reached operating profit, above the 31% margin then. Total costs fell 0% while revenue rose 7%. Net earnings were $48.1M, up 22% year over year. The effective tax rate was 18.9%.

Operating cash flow was $49.5M (down 3% year over year), 103% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $1.3M left free cash flow of $48.2M.

Questions

What was Park National's revenue in the second quarter 2025?

Park National (PRK) reported revenue of $169M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +7% from the quarter before.

Was Park National profitable in the second quarter 2025?

Operating profit was $59.3M (35.2% of revenue) and net earnings $48.1M.

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Source: Park National 10-Q on SEC EDGAR.