Simmons First National: 4Q Earnings Snapshot
PINE BLUFF, Ark. (AP) _ Simmons First National Corp. (SFNC) on Tuesday reported fourth-quarter net income of $55.6 million.
The Pine Bluff, Arkansas-based bank said it had earnings of 60 cents per share. Earnings, adjusted for non-recurring costs, were 61 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 61 cents per share.
The bank holding company posted revenue of $212.9 million in the period. Its revenue net of interest expense was $172.4 million, which fell short of Street forecasts.
For the year, the company reported profit of $215.7 million, or $2.32 per share. Revenue was reported as $696.4 million.
Simmons First National shares have climbed 8.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.17, a fall of 12 percent in the last 12 months.