The following table sets forth the computation of basic and diluted earnings per common share for three months and six months ended June 30, 2026 and 2025.


	Three Months Ended June 30, 2026				Six Months Ended June 30, 2026
(In thousands, except common share and per common share data)	2026		2025		2026		2025
Numerator:
Net income	$	58,752	$	48,119	$	100,439	$	90,276
Denominator:
Weighted-average common shares outstanding	18,085,919		16,129,951		17,733,921		16,144,647
Effect of dilutive PBRSUs and TBRSUs	95,949		85,614		85,856		82,503
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs	18,181,868		16,215,565		17,819,777		16,227,150
Earnings per common share:
Basic earnings per common share	$	3.25	$	2.98	$	5.66	$	5.59
Diluted earnings per common share	$	3.23	$	2.97	$	5.64	$	5.56

Park awarded 58,778 PBRSUs and 49,350 PBRSUs to certain employees during the six months ended June 30, 2026 and 2025, respectively. No PBRSUs were awarded during either of the three months ended June 30, 2026 and 2025

On February 1, 2026, Park issued 1,988,131 common shares to complete its acquisition of First Citizens and granted 13,890 TBRSUs to former First Citizens employees. These common shares are included in average common shares outstanding beginning on that date. In total, Park awarded 610 TBRSUs and 14,500 TBRSUs during the three and six months ended June 30, 2026, respectively. No TBRSUs were awarded during the three or six months ended June 30, 2025.

Park repurchased an aggregate of 33,090 common shares during both the three and six months ended June 30, 2026, and an aggregate of 120,000 common shares during both the three and six months ended June 30, 2025 to fund the PBRSUs, TBRSUs, and the common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions) as well as pursuant to Park's previously announced stock repurchase authorizations