Park National Corp. (PRK) reported third-quarter net income available to shareholders of $17.76 million or $1.25 per share compared a net loss of $38.41 million or $2.75 per share last year.
Net income available to shareholders before impairment charge increased to $17.76 million or $1.25 per share from $16.57 million or $1.19 per share a year ago. On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $1.02 per share for the quarter.
Net interest income increased to $68.46 million from $65.23 million prior year.
Park's Board of Directors declared a $0.94 per common share quarterly cash dividend. The dividend is payable on December 10, 2009 to common shareholders of record as of November 25, 2009.
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