Simmons First National: 3Q Earnings Snapshot
PINE BLUFF, Ark. (AP) _ Simmons First National Corp. (SFNC) on Tuesday reported third-quarter earnings of $81.8 million.
The Pine Bluff, Arkansas-based bank said it had earnings of 84 cents per share. Earnings, adjusted for non-recurring costs, came to 87 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The bank holding company posted revenue of $281.1 million in the period. Its revenue net of interest expense was $233.9 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $188.7 million.
Simmons First National shares have decreased slightly since the beginning of the year. The stock has fallen nearly 9% in the last 12 months.