The holding company of Simmons First National Bank said Thursday that it ended the year with earnings gains in the fourth quarter and the year.
The Pine Bluff, Ark.-based company said net income for the fourth quarter 2012 was $8.03 million, compared with $6.31 million in the same period a year ago.
For 2012, earnings were $27.7 million, compared with $25.4 million in 2011.
Simmons First National Corp. attributed the gains, in part, to a Federal Deposit Insurance Corp.-assisted acquisition in 2012 of Excel Bank of Sedalia, Mo., as well as internal loan growth.
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“This was the second consecutive quarter of organic loan growth,” said chairman and CEO J. Thomas May in a news release. “While not enough to call a trend, we believe it is very positive in that the growth is coming throughout our markets in Arkansas, Kansas and Missouri. Needless to say, the economy remains in a slow recovery, which makes this growth even more significant.”
Simmons First operates two branches in Wichita.