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News Breaks
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January 19, 2012
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| 09:23 EDT |  | SFNC |
| theflyonthewall.com: | Simmons First National reports Q4 adjusted EPS 40c vs. consensus 39c | | Simmons First National Corporation announced net income of $6.3M and diluted earnings per share of 37c. The company's Chairman and CEO said, "Because the fourth quarter of 2010 included a considerable non-core net gain, there is a significant variance when comparing quarter to quarter earnings results. Obviously, there is a lot of noise in our fourth quarter comparative results due to the October 15, 2010, FDIC-assisted acquisition in Kansas...After adjusting for the acquisition, comparable core earnings for the fourth quarter 2010 were $6.9M, or 40c diluted core earnings per share." Total assets were $3.3B at December 31, 2011, unchanged from December 31, 2010. The Company's allowance for loan losses was $30.1 million at December 31, 2011, or 1.91% of total loans and 186% of non-performing loans. :theflyonthewall.com |
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