Simmons First posts record 3rd-quarter profit

Simmons First National Corp. on Thursday announced record core earnings of $10.7 million in the third quarter, up 45 percent from the $7.4 million the year before.

Diluted core earnings per share came to 63 cents, an increase of 40 percent, or 18 cents, from third-quarter 2013’s 45 cents per share, the Pine Bluff-based bank said in a statement.

"We are pleased with the financial results from another active quarter,” Chairman and CEO George Makris Jr. said in a statement. “We closed our acquisition of Delta Trust & Bank at the end of August and have our systems conversion scheduled tomorrow. We completed our legacy charter consolidation into Simmons Bank, and again reported record core earnings and record core earnings per share.”

Bank executives will conduct a conference call Thursday beginning at 3 p.m.

Those interested in accessing the call, in which company executives will address the quarterly financial results, can dial (866) 298-7926 and ask for the Simmons First National call. The conference identification number is 17056028.

Pine Bluff-based Simmons has $4.8 billion in assets and operates banks in Arkansas, Kansas and Missouri.

Read Friday's Arkansas Democrat-Gazette for full details.

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