CORRECTION: Simmons Reports Fourth Quarter 2017 Earnings
January 22 2018 - 7:14PM
In a release issued under the same headline earlier today by
Simmons First National Corporation (NASDAQ:SFNC), please note that
the line items in the second and third rows of the table in the
‘Foreclosed Assets and Other Real Estate Owned’ section were
incorrect due to an error in the editing process. The corrected
table follows:
Foreclosed Assets and Other Real Estate
Owned
At December 31, 2017, foreclosed assets and other
real estate owned were $32.1 million, an increase of $5.2 million,
or 19.4%, compared to the same period in 2016. The composition of
these assets is divided into three types:
|
|
|
|
|
|
|
|
|
4th Qtr 2017 |
|
3rd Qtr 2017 |
|
4th Qtr 2016 |
|
|
|
|
|
|
|
Closed bank branches,
branch sites & associate relocation |
|
$9.8
million |
|
$12.8
million |
|
$6.1
million |
Foreclosed assets -
acquired |
|
$16.0
million |
|
$11.1
million |
|
$12.0
million |
Foreclosed assets -
legacy |
|
$6.3
million |
|
$7.6
million |
|
$8.8
million |
|
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FOR MORE INFORMATION CONTACT:DAVID W. GARNEREVP and Investor
Relations OfficerSimmons First National Corporation(870)
541-1000
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