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Stock impact report

Simmons Reports First Quarter 2020 Earnings

Simmons First National Corporation (SFNC) 
Last simmons first national corporation earnings: 4/21 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.simmonsbank.com
Company Research Source: GlobeNewswire
PINE BLUFF, Ark., April 21, 2020 (GLOBE NEWSWIRE) -- Simmons First National Corporation (NASDAQ: SFNC) (the “Company” or “Simmons”) today announced net income of $77.2 million for the quarter ended March 31, 2020, compared to $47.7 million for the same period in 2019, an increase of $29.5 million, or 61.9%. Diluted earnings per share were $0.68, an increase of $0.17, or 33.3%, compared to the same period in the prior year. Included in first quarter 2020 results were $965,000 in net after-tax merger-related and branch right-sizing costs as well as a $4.4 million after-tax gain associated with the sale of branches in south Texas. Excluding the impact of these items, core earnings were $73.8 million for the quarter ended March 31, 2020, compared to $49.1 million for the quarter ended March 31, 2019, an increase of $24.8 million, or 50.5%. Core diluted earnings per share were $0.65, an increase of $0.12, or 22.6%, from the same period in 2019. “I am very proud of our team and thei Show less Read more
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