NEWARK, Ohio (AP) _ Park National Corp. (PRK) on Friday reported first-quarter net income of $42.8 million.

The Newark, Ohio-based bank said it had earnings of $2.61 per share. Earnings, adjusted for non-recurring costs, were $2.62 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.

The financial services holding company posted revenue of $119.3 million in the period. Its revenue net of interest expense was $114.8 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $114.6 million.

Park National shares have increased 21% since the beginning of the year. In the final minutes of trading on Friday, shares hit $127.47, a climb of 76% 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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