Simmons First National Corp (SFNC) Tops Q2 EPS by 1c

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Simmons Reports Second Quarter Net Income of $22.9 Million, or $0.75 per share

July 20, 2016 8:47 PM EDT

PINE BLUFF, Ark., July 20, 2016 (GLOBE NEWSWIRE) -- Simmons First National Corporation (NASDAQ: SFNC) today announced net income available to common shareholders of $22.9 million for the second quarter of 2016, an increase of $2.9 million, or 14.4 percent, compared with the same quarter last year. Diluted earnings per share were $0.75, an increase of $0.08, or 11.9 percent.

Included in second quarter 2016 results were $2.2 million of after-tax expenses related to noncore items. Excluding the impact of these items, core earnings were $25.1 million for the second quarter of 2016, an increase of $2.6 million, or 11.8 percent, compared with the same... More