Simmons First National Corporation (NASDAQ:SFNC) unfold its third quarter earnings results on Monday 19th October 2020 before market open.
The banking products and services provider, reported $ 0.60 income per share for the third quarter, including $ 2.5 million in net after-tax merger-related, early retirement program and net branch right-sizing costs.
On adjusted basis, Simmons First National Corporation reported income for the quarter of $ 0.63 per share, beat the consensus estimate of $ 0.40 income per share by $ 0.23 or 57.50 percent.
The quarterly earnings shrunk 31.03 percent compared with the same quarter last year.
Simmons First National Corporation had net interest income of $ 153.61 million for the third quarter.
The financial report showed net interest income raised 2.91 percent versus third quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss.
George A. Makris, Jr., chairman and CEO of Simmons First National Corporation, said, We are very proud of our results under these trying conditions. We have experienced very meaningful shifts in consumer habits which we believe will impact our delivery of products and services as well as the retail delivery of everyday amenities. Our investment in digital channels will continue to position our company for these changes and our associates are ready for the new normal.
