Business Combinations, Asset Acquisitions, Transaction between Entities under Common Control, and Joint Venture Formation (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

ScheduleOfFinancingReceivablesPurchasedSeasonedLoans

Of the $1.6 billion in loans held for investment acquired from First Citizens, $1.5 billion were identified as PSL and $65.1 million were identified as PCD. These loans are summarized in the following table:


(in thousands)	PCD Loans		PSLs		Total Acquired Loans
Amortized cost of acquired loans	$	65,065	$	1,526,711	$	1,591,776
Allowance of loans at acquisition	(1,215)		(14,358)		(15,573)
Non-credit discount on loans	(4,622)		(12,678)		(17,300)
Fair value price of loans	$	59,228	$	1,499,675	$	1,558,903

Business Combination, Recognized Asset Acquired and Liability Assumed

The following table summarizes the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed


(in thousands)	February 1, 2026
Purchase Consideration
Cash consideration	$	105
Fair value of Park common shares recorded in "common shares"	321,891
Fair value of Park common shares recorded in "Non-controlling interest in consolidated subsidiary"	2,055
Fair value of total consideration transferred	324,051

Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	145,670
Securities	742,952
Loans, net of ACL	1,558,903
Loans held for sale	4,902
Bank owned life insurance	33,887
Premises and equipment	30,529
Core deposit intangible	34,440
Other intangible assets	3,585
Other real estate owned	21,271
Other assets	36,281
Total assets acquired	2,612,420

Deposits	2,221,111
Borrowings	149,791
Other liabilities	21,296
Total liabilities assumed	2,392,198

Total identifiable net assets	220,222

Goodwill	$	103,829

Business Combination, Pro Forma Information

The following table presents supplemental pro forma information as if the First Citizens acquisition had occurred as of January 1, 2025. The unaudited pro forma information includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, depreciation expense on property acquired, interest expense on deposits acquired, and the related tax effects. The unaudited pro forma results exclude acquisition‑related costs that were recognized in noninterest expense during the three months ended March 31, 2026, as these costs are directly attributable to the acquisition and are not expected to have a continuing impact on Park's results of operations. The pro forma information is not necessarily indicative of the results of operations that would have occurred had the transactions been effected on the assumed date. The pro forma amounts below do not reflect any adjustments to the provision for credit losses for acquired loans, or Park's expectations as of the date of the pro forma information of further operating cost savings and other business synergies expected to be achieved, including revenue growth as a result of the acquisition.


	Three months ended March 31,
(in thousands, except per share data)	2026		2025
Net interest income	$	132,582	$	121,250
Net income available to common shareholders	56,100		47,681
Earnings per common share - basic	3.11		2.63
Earnings per common share - diluted	3.09		2.61