PARK NATIONAL CORP /OH/ Earnings Per Share Disclosure
| Year ended December 31 (In thousands, except share data) | 2025 | 2024 | 2023 | |||||||||||||||||
| Numerator: | ||||||||||||||||||||
| Net income | $ | 180,073 | $ | 151,420 | $ | 126,734 | ||||||||||||||
| Denominator: | ||||||||||||||||||||
Weighted-average common shares outstanding | 16,109,237 | 16,143,708 | 16,163,500 | |||||||||||||||||
Effect of dilutive PBRSUs and TBRSUs | 93,673 | 101,089 | 86,519 | |||||||||||||||||
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs | 16,202,910 | 16,244,797 | 16,250,019 | |||||||||||||||||
| Earnings per common share: | ||||||||||||||||||||
| Basic earnings per common share | $ | 11.18 | $ | 9.38 | $ | 7.84 | ||||||||||||||
| Diluted earnings per common share | $ | 11.11 | $ | 9.32 | $ | 7.80 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.