Earnings of Park National Corporation (PRK) dipped to $1.36 per share in the first quarter, down 6% from the last quarter of 2019. A decline in revenues and surge in provision expense were the major contributors to the earnings decline. Earnings for the remainder of the year will likely remain below last year's level because PRK will adopt the new accounting standard for credit losses later in the year, which will increase provision expense. Additionally, PRK's moderate exposure to COVID-19 sensitive industries will drive provision expense in the year ahead. Moreover, a slight decline in