NasdaqGS:SFNCBanks
How Investors May Respond To Simmons First National (SFNC) Q2 Earnings Growth Despite Higher Charge-Offs
Simmons First National Corporation recently reported second quarter results, posting net interest income of US$171.82 million and net income of US$54.77 million, both higher than the same period last year, while net loans charged off grew to US$10.58 million compared to US$8.08 million a year ago.
An interesting insight is that, despite increased charge-offs, the company delivered improved earnings alongside unchanged buyback activity during the quarter, suggesting operational...