CORRECTION: Simmons Reports Fourth Quarter 2017 Earnings
PINE BLUFF, Ark., Jan. 22, 2018 (GLOBE NEWSWIRE) -- 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 | |||
FOR MORE INFORMATION CONTACT:
DAVID W. GARNER
EVP and Investor Relations Officer
Simmons First National Corporation
(870) 541-1000
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