Simmons Q4 2020 Earnings Report
Key Takeaways
Simmons First National Corporation reported a net income of $53.0 million for the fourth quarter of 2020, compared to $52.7 million for the same period in 2019. Diluted earnings per share were $0.49 for the fourth quarters of both 2020 and 2019. Core earnings, excluding certain non-core items, were $62.0 million, a decrease of $9.1 million, or 12.8%, compared to the fourth quarter of 2019.
Net income for Q4 2020 was $53.0 million, slightly up from $52.7 million in Q4 2019.
Diluted earnings per share remained constant at $0.49 for both Q4 2020 and Q4 2019.
Core earnings for Q4 2020, excluding non-core items, decreased by 12.8% to $62.0 million compared to Q4 2019.
Total loans were $12.9 billion at December 31, 2020, a decrease of $1.5 billion, or 10.6%, compared to December 31, 2019.