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Simmons First National reports jump in first quarter income

By Gavin Lesnick

This article was published April 19, 2012 at 8:36 a.m.

— Simmons First National Corporation on Thursday reported first-quarter income of nearly $6.4 million, a 25 percent increase from a year ago.

The Pine Bluff-based financial holding company, which has community banks in eight cities across the state, said its total assets at the end of the quarter were $3.3 billion, up 1.6 percent.

"Obviously, we are pleased with our first quarter earnings performance," Chairman and CEO J. Thomas May said in a statement. "We benefited significantly from continued pristine asset quality which has resulted in a reduction in our provision for loan losses, and our on-going efficiency initiatives that resulted in a decrease in our non-interest expense."

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