Simmons Reports Record Earnings for Third Quarter 2018 - October 22, 2018
Pine Bluff, AR – Simmons First National Corporation (NASDAQ: SFNC) today announced record net income of $55.2 million for the quarter ended September 30, 2018, compared to $28.9 million for the same period in 2017, an increase of $26.3 million, or 91.3%. Diluted earnings per share were $0.59, an increase of $0.15, or 34.1%, from the same period in 2017. Included in third quarter 2018 results were $1.3 million in net after-tax merger-related and branch right-sizing costs. Excluding the impact of these items, core earnings were $56.5 million for the quarter ended September 30, 2018, compared to $27.7 million for the quarter ended September 30, 2017, an increase of $28.8 million, or 103.7%. Core diluted earnings per share were $0.61, an increase of $0.18, or 41.9%, from the same period in 2017.