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Local bank nearly doubles profit | Business

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Local bank nearly doubles profit
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Local bank nearly doubles profit

PINE BLUFF, Ark. – Simmons First National Corporation announced Thursday that the company gained a net income of $7.1 million for 2010. That’s an increase of $11.9 million, or 47%, compared to the previous year.

Diluted earnings per share for the year were $2.15, compared to $1.49 for 2009.

Net income for the fourth quarter 2010 was $16.6 million ($0.96 diluted earnings per share), an increase of $9.8 million in net income.

Total assets were at $3.3 billion by the end of December, 7.2% increase from the previous year.

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