Simmons Bank on Tuesday reported net income for the third quarter of 2021 was $80.6 million, an increase of 22-percent compared to the third quarter of 2020.
According to a press release, third-quarter earnings were $65.9 million in 2020 or $14,7 million less than the 2021 total.
On a year- to -date basis, net income for the first nine months of 2021 was $222.9 million, up 10 percent over the $201.9 million earned for the first nine months of 2020.
“Simmons once again delivered solid results in the quarter reflecting our ability to execute basic blocking and tacking fundamentals,” George A. Makris Jr., Simmons chairman and CEO said. “We also announced the completion of the acquisition of Tennessee based Landmark Community Bank and Triumph Bancshares, Inc. shortly after the end of the quarter. To be able to obtain all the necessary approvals, close and simultaneously complete the systems conversions of two banks in approximately four months is a remarkable accomplishment and speaks to the outstanding team we have built at Simmons.
