Simmons First National Corporation Q3 Profit Decreases, but beats estimates

(RTTNews) - Simmons First National Corporation (SFNC) reported a profit for third quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $47.247 million, or $0.37 per share. This compares with $80.603 million, or $0.63 per share, in last year's third quarter.

Excluding items, Simmons First National Corporation reported adjusted earnings of $48.804 million or $0.39 per share for the period.

Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.1% to $196.210 million from $236.608 million last year.

Simmons First National Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $47.247 Mln. vs. $80.603 Mln. last year. -EPS (Q3): $0.37 vs. $0.63 last year. -Analyst Estimates: $0.35 -Revenue (Q3): $196.210 Mln vs. $236.608 Mln last year.