Park National Q2 Profit Rises

(RTTNews) - Park National Corp. (PRK) reported net income for the second quarter of $21.8 million or $1.42 per share, compared to $20.0 million or $1.30 per share for the year-ago quarter.

Analysts polled by Thomson Reuters expected the company to earn $1.17 per share for the seond quarter.

Net interest income for the latest second quarter rose to $56.6 million from $54.7 million a year ago, while other income was $19.7 million, up from $19.3 million last year.

Further, Park's board of directors declared a quarterly cash dividend of $0.94 per common share, payable on September 10, 2014 to common shareholders of record as of August 22, 2014.