Simmons First National Corp (SFNC) Tops Q1 EPS by 8c

Simmons First National Corp (NASDAQ: SFNC) reported Q1 EPS of $0.59, $0.08 better than the analyst estimate of $0.51.

“We are very pleased with our solid performance in the first quarter. It reflects the benefit of our diverse operating model,” said George A. Makris, Jr., chairman and CEO of Simmons First National Corporation. “We are still feeling the effects of COVID in the economy. Some industries are still struggling to return to pre-COVID levels of performance and the government’s economic stimulus packages have created a rapid rise in liquidity. Loan demand has been well below historical levels, but we are encouraged by the rebuilding of the pipeline during the first quarter. Asset quality has improved as compared to 2020 and we are optimistic that trend will continue. Based on our current levels of capital and liquidity, we have lending capacity that we have not seen in several years, so Simmons is poised to do our part as the economy continues to return to normal.”

For earnings history and earnings-related data on Simmons First National Corp (SFNC) click here.

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