Simmons First National Bank issued the following announcement Jan. 27.
Simmons First National Corporation (NASDAQ: SFNC) (the “Company” or “Simmons”) reported record net income of $271.2 million for the year ended December 31, 2021, up $16.3 million, or 6 percent,compared to $254.9 million earned during the full year 2020. Diluted earnings per share for 2021 were $2.46, up $0.15, or 6 percent, compared to $2.31 earned in 2020. Included in 2021 results were $7.2 million in net after-tax merger related costs, gains on sale of branches and net branch right-sizing costs. Excluding the impact of these items, core earnings were $278.3 million for the year ended December 31, 2021, compared to $264.3 million for the full year of 2020. Core diluted earnings per share were $2.53 for 2021, compared to $2.40 for 2020.
Original source can be found here.
Source: Simmons First National Bank
