Simmons First doubles net income in first quarter

The holding company of Simmons First National Bank said Thursday its net income doubled in the first quarter of 2015, bolstered by acquisitions.

Simmons First National Corp. said net income for the three-month period ended March 30 was $8.7 million, compared with $4.3 million in the first quarter of 2014.

During the period, the Pine Bluff, Ark.-based holding company closed on its acquisitions of bank holding companies Liberty Bancshares, Community First Bancshares and Delta Trust.

It also said that loans increased by $2.3 billion to $4.6 billion, and deposits increased by $2.6 billion to $6.3 billion, between the first quarters of 2014 and 2015.

Simmons First operates two branches in Wichita.

This story was originally published April 23, 2015 at 10:34 AM with the headline "Simmons First doubles net income in first quarter."