NEWARK, Ohio (AP) _ Park National Corp. (PRK) on Monday reported third-quarter net income of $30.8 million.
The bank, based in Newark, Ohio, said it had earnings of $1.88 per share. Earnings, adjusted for non-recurring costs, were $1.91 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The financial services holding company posted revenue of $126.1 million in the period. Its revenue net of interest expense was $120.4 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $110.1 million.
Park National shares have fallen 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $94.20, a decrease of 3% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRK at https://www.zacks.com/ap/PRK
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