Simmons First 4Q Net Up 27 Percent to $8 Million

by Lance Turner  on Thursday, Jan. 24, 2013 8:21 am  

J. Thomas May, chairman and CEO of Simmons First National Corp. of Pine Bluff.

"This was the second consecutive quarter of organic loan growth," May said. "While not enough to call a trend, we believe it is very positive in that the growth is coming throughout our markets in Arkansas, Kansas and Missouri.

"Needless to say, the economy remains in a slow recovery, which makes this growth even more significant," he said.

As of Dec. 31, total deposits were $2.9 billion, up 8.4 percent compared to the same period in 2011. Net interest income for the fourth quarter was $30.6 million, up 12.1 percent from the same period of 2011.

May also noted the company's "exceptional level of capital," which he said puts Simmons in the 82nd percentile of the company's peer group and "allows us to actively pursue the right opportunities that meet our strategic plan regarding mergers and acquisitions."

 

 

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