Park National Q2 Profit Rises - Quick Facts

(RTTNews) - Park National Corp. (PRK) Monday reported second-quarter profit of $20.0 million or $1.30, up from $18.9 million or $1.10 per share in the same period last year.

Three analysts polled by Thomson Reuters expected the company to earn $1.17 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income dropped to $54.71 million from $58.68 million last year. Other income amounted to $19.30 million, up from $17.51 million last year.

Provision for loan losses was $673 thousand, compared to $5.24 million last year.

The company has also named David Trautman as its next Chief Executive Officer of The Park National Bank and Park National Corp., effective January 1, 2014. Chairman and current CEO Daniel DeLawder will continue in his role as chairman of both entities.

David Trautman has been president of The Park National Bank and Park National Corp. since 2005, and has served as secretary of the company. He has held several roles throughout his banking career including president of the First-Knox National Bank Division and EVP of Park National Bank.