PINE BLUFF, Ark. (AP) _ Simmons First National Corp. (SFNC) on Tuesday reported second-quarter earnings of $58.8 million.
The bank, based in Pine Bluff, said it had earnings of 54 cents per share. Earnings, adjusted for one-time gains and costs, came to 55 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The bank holding company posted revenue of $241.9 million in the period. Its revenue net of interest expense was $213.9 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $201.1 million.
Simmons First National shares have fallen 41% since the beginning of the year. The stock has dropped 32% in the last 12 months.