"Overall, we are pleased with our third quarter results. Highlights of the quarter include record net interest income, improvement in our net interest margin and continued good asset quality compared to the rest of the industry," commented J. Thomas May, Chairman and CEO. "While the impact of our 2009 stock offering was dilutive to our third quarter EPS by approximately $0.09, the excess capital positions us to continue to take advantage of unprecedented acquisition opportunities through FDIC assisted transactions of failed banks. We have seen the dilutive impact of the offering over the past three quarters; in contrast, we will see the accretive impact from our two acquisitions beginning in the fourth quarter."

On October 15, 2010, the Company announced that its wholly-owned bank subsidiary, Simmons First National Bank, entered into a purchase and assumption agreement with loss share arrangements with the Federal Deposit Insurance Corporation ("FDIC") to purchase substantially all of the assets and to assume substantially all of the deposits and certain other liabilities of Security Savings Bank, FSB ("SSB") in Olathe, Kansas. As a result of this acquisition, the Company expands its footprint into the state of Kansas for the first time, with nine branches located in the communities of Olathe, Overland Park, Leawood, Salina and Wichita.

On May 14, 2010, the Company announced that its wholly-owned bank subsidiary, Simmons First National Bank, entered into a purchase and assumption agreement with loss share arrangements with the FDIC to purchase substantially all of the assets and to assume substantially all of the deposits and certain other liabilities of Southwest Community Bank ("SWCB") in Springfield, Missouri. In the second quarter 2010, the Company recognized a pre-tax gain of $3.0 million on this transaction and incurred pre-tax merger related costs of $0.4 million. After taxes, this gain, net of merger related costs, contributed $1.6 million to second quarter 2010 net income, or $0.09 to diluted earnings per share.

Total loans, excluding those covered by FDIC loss share agreements, were $1.7 billion at September 30, 2010, a decrease of 9.6% from the same period in 2009. "As expected, we saw a $41 million decrease in our Student Loan Portfolio as a result of the decision by the administration and congress to eliminate the private sector from providing student loans. Additionally, like the rest of the industry, we continue to experience weak loan demand as a result of the recession. We believe loan demand is likely to remain soft for the balance of 2010, but we are committed and positioned to meet the borrowing needs of our consumer and business customers," commented May. Loans covered by FDIC loss share agreements, which provide considerable protection against credit risk on those covered assets, were $38.2 million at September 30, 2010.

As part of its second quarter acquisition of Southwest Community Bank ("SWBC") in Springfield, Missouri, the Company acquired substantially all of the loans and foreclosed real estate ("OREO") of SWCB. Through the loss share provisions of the purchase and assumption agreement, the FDIC agreed to reimburse the Company for 80% of the losses incurred on the disposition of such loans and OREO. The loans and OREO covered by the FDIC loss share agreements and the related FDIC loss share receivable were presented in the Company's financial reports as "covered" assets (i.e., covered by the FDIC loss share agreements) with a carrying value equal to the discounted net present value of expected future proceeds. At September 30, 2010, loans covered by loss share were carried at $38.2 million, OREO covered by loss share was carried at $2.7 million and the FDIC loss share receivable was carried at $9.6 million. As a result of the FDIC loss share indemnification related to these assets and the discounted net present value method of valuing these assets, such assets are excluded from the computations of the following asset quality ratios, except for their inclusion in total assets.

Nonperforming assets as a percent of total assets were 1.23% as of September 30, 2010, a decrease from 1.24% as of June 30, 2010. Nonperforming loans as a percent of total loans were 0.75% as of September 30, 2010, a decrease of 20 basis points from 0.95% as of June 30, 2010. These ratios include approximately $2.2 million of Government guaranteed student loans that were over 90 days past due at the end of the quarter. Excluding the guaranteed past due student loans, non-performing assets as a percent of total assets were 1.16% and non-performing loans as a percent of total loans were 0.63%.

This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance. These measures typically adjust GAAP performance measures to exclude the effects of the amortization of intangibles and include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant activities or nonrecurring transactions. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s core businesses. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Simmons First National Corporation’s financial results is included in its Form 10-K filing with the Securities and Exchange Commission.

Simmons First National Corporation													SFNC
Consolidated End of Period Balance Sheets
For the Quarters Ended	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
(Unaudited)	2010			2010			2010			2009			2009
(in thousands)
ASSETS
Cash and non-interest bearing balances due from banks	$	77,874		$	80,883		$	61,975		$	71,575		$	54,176
Interest bearing balances due from banks		247,300			161,443			365,396			282,010			142,714
Federal funds sold		750			2,750			-			-			12,500
Cash and cash equivalents		325,924			245,076			427,371			353,585			209,390
Investment securities - held-to-maturity		461,548			436,018			432,004			464,061			387,122
Investment securities - available-for-sale		183,942			224,031			156,096			182,854			184,493
Mortgage loans held for sale		25,383			18,298			6,930			8,397			13,355
Assets held in trading accounts		7,412			7,827			7,521			6,886			6,839
Loans		1,739,554			1,822,028			1,849,960			1,874,989			1,925,101
Allowance for loan losses		(25,682	)		(25,881	)		(25,047	)		(25,016	)		(25,830	)
Net loans		1,713,872			1,796,147			1,824,913			1,849,973			1,899,271
Covered assets:
Loans, net of discount		38,160			39,346			-			-			-
Other real estate owned, net of discount		2,650			3,609			-			-			-
FDIC indemnification asset		9,600			12,614			-			-			-
Premises and equipment		77,967			76,349			77,408			78,126			78,674
Foreclosed assets held for sale, net		23,903			20,091			18,744			9,179			6,019
Interest receivable		16,884			16,264			16,421			17,881			19,618
Bank owned life insurance		48,662			48,258			47,667			40,920			40,612
Goodwill		60,605			60,605			60,605			60,605			60,605
Core deposit premiums		1,194			1,381			1,568			1,769			1,970
Other assets		20,451			19,211			20,251			19,086			7,469
Total assets	$	3,018,157		$	3,025,125		$	3,097,499		$	3,093,322		$	2,915,437

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Non-interest bearing transaction accounts	$	374,494		$	358,171		$	385,495		$	363,154		$	325,594
Interest bearing transaction accounts and savings deposits		1,146,433			1,172,746			1,167,836			1,156,264			1,090,842
Time deposits less than $100,000		483,285			496,809			482,181			492,217			513,696
Time deposits greater than $100,000		377,957			365,868			392,757			420,537			401,137
Total deposits		2,382,169			2,393,594			2,428,269			2,432,172			2,331,269
Federal funds purchased and securities
sold under agreements to repurchase		85,561			84,456			131,750			105,910			96,666
Short-term debt		1,728			3,202			3,263			3,640			3,493
Long-term debt		136,829			138,893			139,183			159,823			161,560
Accrued interest and other liabilities		27,901			25,836			21,780			20,530			24,626
Total liabilities		2,634,188			2,645,981			2,724,245			2,722,075			2,617,614

Stockholders' equity:
Preferred stock		-			-			-			-			-
Common stock		172			172			172			171			140
Surplus		113,376			112,851			112,250			111,694			41,048
Undivided profits		269,369			265,021			260,310			258,620			255,062
Accumulated other comprehensive income
Unrealized appreciation on AFS securities		1,052			1,100			522			762			1,573
Total stockholders' equity		383,969			379,144			373,254			371,247			297,823
Total liabilities and stockholders' equity	$	3,018,157		$	3,025,125		$	3,097,499		$	3,093,322		$	2,915,437

Simmons First National Corporation													SFNC
Consolidated Average Quarter-to-Date Balance Sheets
For the Quarters Ended	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
(Unaudited)	2010			2010			2010			2009			2009
(in thousands)
ASSETS
Cash and non-interest bearing balances due from banks	$	75,606		$	76,983		$	75,267		$	74,862		$	56,953
Interest bearing balances due from banks		159,996			240,847			290,990			292,219			91,832
Federal funds sold		3,477			1,044			1,015			1,280			5,962
Cash and cash equivalents		239,079			318,874			367,272			368,361			154,747
Investment securities - held-to-maturity		457,368			421,878			453,740			408,431			365,825
Investment securities - available-for-sale		197,419			228,972			186,503			172,290			231,962
Mortgage loans held for sale		19,842			13,560			5,815			8,603			11,063
Assets held in trading accounts		7,438			7,092			6,968			8,260			6,293
Loans		1,809,902			1,831,766			1,863,850			1,898,629			1,957,600
Allowance for loan losses		(26,396	)		(25,584	)		(25,849	)		(26,021	)		(25,603	)
Net loans		1,783,506			1,806,182			1,838,001			1,872,608			1,931,997
Covered assets:
Loans, net of discount		38,956			24,074			-			-			-
Other real estate owned, net of discount		3,056			2,632			-			-			-
FDIC indemnification asset		12,601			4,544			-			-			-
Premises and equipment		76,673			77,330			77,939			78,636			78,763
Foreclosed assets held for sale, net		22,540			18,727			9,238			7,049			5,813
Interest receivable		15,451			16,928			17,005			20,582			19,280
Bank owned life insurance		48,463			47,915			42,023			40,761			40,465
Goodwill		60,605			60,605			60,605			60,605			60,605
Core deposit premiums		1,300			1,484			1,684			1,869			2,089
Other assets		18,800			20,415			18,308			7,605			5,979
Total assets	$	3,003,097		$	3,071,212		$	3,085,101		$	3,055,660		$	2,914,881

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Non-interest bearing transaction accounts	$	363,599		$	366,340		$	357,483		$	347,279		$	329,427
Interest bearing transaction accounts and savings deposits		1,143,827			1,176,180			1,166,643			1,159,372			1,074,415
Time deposits less than $100,000		493,890			500,070			491,603			507,236			524,367
Time deposits greater than $100,000		366,375			385,736			409,137			412,132			398,208
Total deposits		2,367,691			2,428,326			2,424,866			2,426,019			2,326,417
Federal funds purchased and securities
sold under agreements to repurchase		82,708			98,995			114,376			105,295			100,470
Short-term debt		3,241			3,455			3,751			3,802			3,032
Long-term debt		137,631			138,375			145,387			160,215			161,882
Accrued interest and other liabilities		27,600			22,890			21,386			25,487			25,107
Total liabilities		2,618,871			2,692,041			2,709,766			2,720,818			2,616,908
Total stockholders' equity		384,226			379,171			375,335			334,842			297,973
Total liabilities and stockholders' equity	$	3,003,097		$	3,071,212		$	3,085,101		$	3,055,660		$	2,914,881

Simmons First National Corporation									SFNC
Consolidated Statements of Income - Quarter-to-Date
For the Quarters Ended	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
(Unaudited)	2010		2010		2010		2009		2009
(in thousands, except per share data)
INTEREST INCOME
Loans	$	26,934	$	26,691	$	26,788	$	28,275	$	29,122
Covered loans		864		213		-		-		-
Federal funds sold		6		2		4		2		10
Investment securities		4,182		4,465		4,531		5,029		5,089
Mortgage loans held for sale, net of unrealized gains (losses)		210		149		70		119		136
Assets held in trading accounts		7		11		2		7		3
Interest bearing balances due from banks		123		173		191		204		87
TOTAL INTEREST INCOME		32,326		31,704		31,586		33,636		34,447
INTEREST EXPENSE
Time deposits		3,369		3,522		3,919		4,643		5,242
Other deposits		1,236		1,317		1,518		1,866		1,891
Federal funds purchased and securities
sold under agreements to repurchase		126		123		149		172		172
Short-term debt		15		15		15		15		6
Long-term debt		1,524		1,522		1,573		1,719		1,743
TOTAL INTEREST EXPENSE		6,270		6,499		7,174		8,415		9,054
NET INTEREST INCOME		26,056		25,205		24,412		25,221		25,393
Provision for loan losses		3,407		3,758		3,231		2,767		2,789
NET INTEREST INCOME AFTER PROVISION
FOR LOAN LOSSES		22,649		21,447		21,181		22,454		22,604
NON-INTEREST INCOME
Trust income		1,343		1,170		1,250		1,317		1,361
Service charges on deposit accounts		4,388		4,739		4,301		4,883		4,763
Other service charges and fees		646		671		779		634		642
Income on sale of mortgage loans, net of commissions		1,242		932		603		834		798
Income on investment banking, net of commissions		369		776		605		469		598
Credit card fees		3,972		4,043		3,677		3,897		3,745
Premiums on sale of student loans		1,979		545		-		-		2,047
Bank owned life insurance income		404		566		290		300		293
Gain on FDIC assisted transactions		-		3,037		-		-		-
Other income		479		769		695		597		716
TOTAL NON-INTEREST INCOME		14,822		17,248		12,200		12,931		14,963
NON-INTEREST EXPENSE
Salaries and employee benefits		14,809		15,064		15,166		14,619		14,441
Occupancy expense, net		1,906		1,844		1,882		1,898		1,846
Furniture and equipment expense		1,542		1,526		1,495		1,572		1,553
Other real estate and foreclosure expense		304		314		58		161		132
Deposit insurance		885		1,059		955		687		865
Merger related costs		134		443		-		-		-
Other operating expenses		7,178		7,026		7,240		6,869		7,470
TOTAL NON-INTEREST EXPENSE		26,758		27,276		26,796		25,806		26,307
NET INCOME BEFORE INCOME TAXES		10,713		11,419		6,585		9,579		11,260
Provision for income taxes		3,093		3,438		1,629		2,774		3,600
NET INCOME	$	7,620	$	7,981	$	4,956	$	6,805	$	7,660
BASIC EARNINGS PER SHARE	$	0.45	$	0.46	$	0.29	$	0.44	$	0.54
DILUTED EARNINGS PER SHARE	$	0.44	$	0.46	$	0.29	$	0.44	$	0.54

Simmons First National Corporation									SFNC
Consolidated Statements of Income - Year-to-Date
For the Quarters Ended	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
(Unaudited)	2010		2010		2010		2009		2009
(in thousands, except per share data)
INTEREST INCOME
Loans	$	80,413	$	53,479	$	26,788	$	113,648	$	85,373
Covered loans		1,077		213		-		-		-
Federal funds sold		12		7		4		27		25
Investment securities		13,178		8,997		4,531		21,791		16,762
Mortgage loans held for sale, net of unrealized gains (losses)		429		218		70		608		489
Assets held in trading accounts		20		13		2		20		13
Interest bearing balances due from banks		487		364		191		439		235
TOTAL INTEREST INCOME		95,616		63,291		31,586		136,533		102,897
INTEREST EXPENSE
Time deposits		10,810		7,441		3,919		22,794		18,151
Other deposits		4,071		2,835		1,518		8,252		6,386
Federal funds purchased and securities
sold under agreements to repurchase		398		273		149		769		597
Short-term debt		45		30		15		33		18
Long-term debt		4,619		3,095		1,573		6,958		5,239
TOTAL INTEREST EXPENSE		19,943		13,674		7,174		38,806		30,391
NET INTEREST INCOME		75,673		49,617		24,412		97,727		72,506
Provision for loan losses		10,396		6,990		3,231		10,316		7,549
NET INTEREST INCOME AFTER PROVISION
FOR LOAN LOSSES		65,277		42,627		21,181		87,411		64,957
NON-INTEREST INCOME
Trust income		3,763		2,420		1,250		5,227		3,910
Service charges on deposit accounts		13,428		9,040		4,301		17,944		13,061
Other service charges and fees		2,096		1,451		779		2,668		2,034
Income on sale of mortgage loans, net of commissions		2,777		1,535		603		4,032		3,198
Income on investment banking, net of commissions		1,750		1,381		605		2,153		1,684
Credit card fees		11,692		7,720		3,677		14,392		10,495
Premiums on sale of student loans		2,524		545		-		2,333		2,333
Bank owned life insurance income		1,260		857		290		1,270		970
Gain on sale of securities		-		-		-		144		144
Gain on FDIC assisted transactions		3,037		3,037		-		-		-
Other income		1,943		1,463		695		2,548		1,951
TOTAL NON-INTEREST INCOME		44,270		29,449		12,200		52,711		39,780
NON-INTEREST EXPENSE
Salaries and employee benefits		45,039		30,230		15,166		58,317		43,698
Occupancy expense, net		5,632		3,726		1,882		7,457		5,559
Furniture and equipment expense		4,563		3,021		1,495		6,195		4,623
Other real estate and foreclosure expense		676		372		58		453		292
Deposit insurance		2,899		2,014		955		4,642		3,955
Merger related costs		577		443		-		-		-
Other operating expenses		21,444		14,265		7,240		27,658		20,789
TOTAL NON-INTEREST EXPENSE		80,830		54,071		26,796		104,722		78,916
NET INCOME BEFORE INCOME TAXES		28,717		18,005		6,585		35,400		25,821
Provision for income taxes		8,160		5,068		1,629		10,190		7,416
NET INCOME	$	20,557	$	12,937	$	4,956	$	25,210	$	18,405
BASIC EARNINGS PER SHARE	$	1.20	$	0.75	$	0.29	$	1.75	$	1.31
DILUTED EARNINGS PER SHARE	$	1.19	$	0.75	$	0.29	$	1.74	$	1.30

Simmons First National Corporation													SFNC
Consolidated Risk-Based Capital
For the Quarters Ended	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
(Unaudited)	2010			2010			2010			2009			2009
(in thousands)
Tier 1 capital
Stockholders' equity	$	383,969		$	379,144		$	373,254		$	371,247		$	297,823
Trust preferred securities, net allowable		30,000			30,000			30,000			30,000			30,000
Disallowed intangible assets, net of deferred tax		(48,986	)		(49,476	)		(50,503	)		(51,128	)		(51,483	)
Unrealized gain on AFS securities		(1,052	)		(1,100	)		(522	)		(762	)		(1,573	)

Total Tier 1 capital		363,931			358,568			352,229			349,357			274,767

Tier 2 capital
Qualifying unrealized gain on AFS equity securities		4			1			8			5			-
Qualifying allowance for loan losses		23,729			23,737			23,574			24,405			24,754

Total Tier 2 capital		23,733			23,738			23,582			24,410			24,754

Total risk-based capital	$	387,664		$	382,306		$	375,811		$	373,767		$	299,521

Risk weighted assets	$	1,894,845		$	1,895,258		$	1,882,902		$	1,950,227		$	1,977,736

Adjusted average assets for leverage ratio	$	2,952,227		$	3,020,704		$	3,033,367		$	3,002,275		$	2,861,329

Ratios at end of quarter
Equity to assets		12.72	%		12.53	%		12.05	%		12.00	%		10.22	%
Tangible common equity to tangible assets		10.90	%		10.70	%		10.25	%		10.19	%		8.25	%
Tier 1 leverage ratio		12.33	%		11.87	%		11.61	%		11.64	%		9.60	%
Tier 1 risk-based capital ratio		19.21	%		18.92	%		18.71	%		17.91	%		13.89	%
Total risk-based capital ratio		20.46	%		20.17	%		19.96	%		19.17	%		15.14	%

Simmons First National Corporation									SFNC
Consolidated Loans and Investments
For the Quarters Ended	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
(Unaudited)	2010		2010		2010		2009		2009
(in thousands)
Loan Portfolio - End of Period (1)
Consumer
Credit cards	$	181,774	$	180,591	$	177,959	$	189,154	$	175,493
Student loans		64,989		133,012		153,291		114,296		106,080
Other consumer		123,062		127,343		131,735		139,647		144,155
Total consumer		369,825		440,946		462,985		443,097		425,728
Real Estate
Construction		150,137		153,869		173,080		180,759		192,051
Single-family residential		375,150		386,570		389,257		392,208		403,035
Other commercial		566,370		574,859		592,728		596,517		600,436
Total real estate		1,091,657		1,115,298		1,155,065		1,169,484		1,195,522
Commercial
Commercial		146,258		151,817		155,970		168,206		165,747
Agricultural		121,716		104,247		65,964		84,866		125,566
Financial institutions		-		-		4,093		3,885		4,087
Total commercial		267,974		256,064		226,027		256,957		295,400
Other		10,098		9,720		5,883		5,451		8,451
Total Loans	$	1,739,554	$	1,822,028	$	1,849,960	$	1,874,989	$	1,925,101

(1) Excludes loans covered by FDIC loss share agreements.

Investment Securities - End of Period
Held-to-Maturity
U.S. Treasury	$	4,000	$	4,000	$	-	$	-	$	-
U.S. Government agencies		250,927		224,928		221,885		254,229		176,340
Mortgage-backed securities		81		84		88		90		95
State and political subdivisions		205,610		206,076		209,101		208,812		209,757
Other securities		930		930		930		930		930
Total held-to-maturity		461,548		436,018		432,004		464,061		387,122
Available-for-Sale
U.S. Treasury		-		300		4,008		4,329		4,345
U.S. Government agencies		166,624		206,497		135,038		161,524		162,760
Mortgage-backed securities		2,993		3,008		2,996		2,972		2,998
State and political subdivisions		-		-		-		-		366
FHLB stock		7,549		7,490		7,484		7,477		7,474
Other securities		6,776		6,736		6,570		6,552		6,550
Total available-for-sale		183,942		224,031		156,096		182,854		184,493
Total investment securities	$	645,490	$	660,049	$	588,100	$	646,915	$	571,615
Fair value - HTM investment securities	$	469,101	$	440,603	$	435,810	$	465,665	$	392,450

Investment Securities - QTD Average
Taxable securities	$	448,978	$	443,946	$	432,736	$	370,538	$	390,226
Tax exempt securities		205,809		206,904		207,507		210,183		207,561
Total investment securities - QTD average	$	654,787	$	650,850	$	640,243	$	580,721	$	597,787

Simmons First National Corporation													SFNC
Consolidated Allowance and Asset Quality
For the Quarters Ended	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
(Unaudited)	2010			2010			2010			2009			2009
(in thousands)
Allowance for Loan Losses
Balance, beginning of quarter	$	25,881		$	25,047		$	25,016		$	25,830		$	25,032
Loans charged off
Credit cards		1,329			1,339			1,435			1,353			1,363
Other consumer		559			852			500			1,048			652
Real estate		3,548			2,254			2,401			1,245			483
Commercial		164			288			227			633			378
Total loans charged off		5,600			4,733			4,563			4,279			2,876

Recoveries of loans previously charged off
Credit cards		308			273			229			263			242
Other consumer		150			313			293			118			151
Real estate		1,512			1,169			701			141			407
Commercial		24			54			140			176			85
Total recoveries		1,994			1,809			1,363			698			885
Net loans charged off		3,606			2,924			3,200			3,581			1,991
Provision for loan losses		3,407			3,758			3,231			2,767			2,789
Balance, end of quarter	$	25,682		$	25,881		$	25,047		$	25,016		$	25,830

Non-performing assets (1)
Non-performing loans
Nonaccrual loans
Real estate	$	7,588			10,930			8,442			18,358			12,269
Commercial		1,160			1,091			1,673			1,776			1,291
Consumer		1,251			1,403			1,604			1,860			1,836
Total nonaccrual loans		9,999			13,424			11,719			21,994			15,396
Loans past due 90 days or more
Government guaranteed student loans		2,154			3,230			2,464			1,939			2,258
Other loans		891			644			1,132			1,383			1,475
Total loans past due 90 days or more		3,045			3,874			3,596			3,322			3,733
Total non-performing loans		13,044			17,298			15,315			25,316			19,129
Other non-performing assets
Foreclosed assets held for sale		23,903			20,091			18,744			9,179			6,019
Other non-performing assets		104			128			15			20			21
Total other non-performing assets		24,007			20,219			18,759			9,199			6,040
Total non-performing assets	$	37,051		$	37,517		$	34,074		$	34,515		$	25,169

Ratios (1)
Allowance for loan losses to total loans		1.48	%		1.42	%		1.35	%		1.33	%		1.34	%
Allowance for loan losses to non-performing loans		196.89	%		149.62	%		163.55	%		98.81	%		135.03	%
Non-performing loans to total loans		0.75	%		0.95	%		0.83	%		1.35	%		0.99	%
Non-performing assets to total assets		1.23	%		1.24	%		1.10	%		1.12	%		0.86	%
Non-performing assets to total assets
(excluding Gov't guaranteed student loans)		1.16	%		1.13	%		1.02	%		1.05	%		0.79	%
Annualized net charge offs to total loans		0.79	%		0.64	%		0.70	%		0.75	%		0.40	%
Annualized net credit card charge offs to
total credit card loans		2.24	%		2.41	%		2.71	%		2.41	%		2.58	%
Annualized net charge offs to total loans
(excluding credit cards)		0.63	%		0.45	%		0.48	%		0.57	%		0.19	%
Past due loans >30 days (excluding nonaccrual)		0.74	%		0.56	%		1.02	%		0.81	%		0.82	%

(1) Excludes assets covered by FDIC loss share agreements, except for their inclusion in total assets.

Simmons First National Corporation													SFNC
Consolidated - Net Interest Income Analysis
For the Quarters Ended	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
(Unaudited)	2010			2010			2010			2009			2009

ASSETS

Earning Assets
Interest bearing balances due from banks		0.31	%		0.29	%		0.27	%		0.28	%		0.38	%
Federal funds sold		0.68	%		0.77	%		1.60	%		0.62	%		0.67	%
Investment securities		3.29	%		3.52	%		3.66	%		4.30	%		4.21	%
Mortgage loans held for sale		4.20	%		4.41	%		4.88	%		5.49	%		4.88	%
Assets held in trading accounts		0.37	%		0.62	%		0.12	%		0.34	%		0.19	%
Loans		5.91	%		5.85	%		5.83	%		5.92	%		5.91	%
Covered loans (1)		8.80	%		3.55	%		-			-			-
Total interest earning assets		4.94	%		4.77	%		4.74	%		4.97	%		5.31	%


LIABILITIES

Interest bearing liabilities
Interest bearing transaction and
savings accounts		0.43	%		0.45	%		0.53	%		0.64	%		0.70	%
Time deposits		1.55	%		1.59	%		1.76	%		2.00	%		2.25	%
Total interest bearing deposits		0.91	%		0.94	%		1.07	%		1.24	%		1.42	%
Federal funds purchased and securities
sold under agreement to repurchase		0.60	%		0.50	%		0.53	%		0.65	%		0.68	%
Short-term debt		1.84	%		1.74	%		1.62	%		1.57	%		0.79	%
Long-term debt		4.39	%		4.41	%		4.39	%		4.26	%		4.27	%
Total interest bearing liabilities		1.12	%		1.13	%		1.25	%		1.42	%		1.59	%

NET INTEREST MARGIN/SPREAD

Net interest spread		3.82	%		3.64	%		3.49	%		3.55	%		3.72	%
Net interest margin - quarter-to-date		4.02	%		3.83	%		3.71	%		3.77	%		3.97	%
Net interest margin - year-to-date		3.85	%		3.77	%		3.71	%		3.78	%		3.79	%

(1) Covered loans are loans covered by FDIC loss share agreements.

Simmons First National Corporation													SFNC
Consolidated - Selected Financial Data
For the Quarters Ended	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
(Unaudited)	2010			2010			2010			2009			2009
(in thousands, except share data)
QUARTER-TO-DATE
Diluted earnings per share	$	0.44		$	0.46		$	0.29		$	0.44		$	0.54
Core earnings (excludes nonrecurring items) (non-GAAP)		7,701			6,528			4,956			6,805			7,660
Diluted core earnings per share (non-GAAP)		0.44			0.38			0.29			0.44			0.54
Cash dividends declared per common share		0.19			0.19			0.19			0.19			0.19
Cash dividends declared - amount		3,273			3,270			3,266			3,248			2,668
Return on average stockholders' equity		7.87	%		8.44	%		5.36	%		8.06	%		10.20	%
Return on tangible equity		9.52	%		10.24	%		6.58	%		10.10	%		13.13	%
Return on average assets		1.01	%		1.04	%		0.65	%		0.88	%		1.04	%
Net interest margin (FTE)		4.02	%		3.83	%		3.71	%		3.77	%		3.97	%
FTE adjustment - investments		1,243			1,245			1,250			1,265			1,253
FTE adjustment - loans		14			14			16			37			51
Amortization of intangibles		187			187			201			201			201
Amortization of intangibles, net of taxes		114			114			127			127			127
Average shares outstanding		17,220,572			17,199,705			17,139,732			15,432,821			14,042,813
Average earning assets		2,694,398			2,769,233			2,808,881			2,789,712			2,670,537
Average interest bearing liabilities		2,227,672			2,302,811			2,330,897			2,348,052			2,262,374

YEAR-TO-DATE
Diluted earnings per share	$	1.19		$	0.75		$	0.29		$	1.74		$	1.30
Core earnings (excludes nonrecurring items) (non-GAAP)		19,185			11,484			4,956			25,210			18,405
Diluted core earnings per share (non-GAAP)		1.11			0.67			0.29			1.74			1.30
Cash dividends declared per common share		0.57			0.38			0.19			0.76			0.57
Return on average stockholders' equity		7.24	%		6.92	%		5.36	%		8.26	%		8.33	%
Return on tangible equity		8.80	%		8.43	%		6.58	%		10.61	%		10.80	%
Return on average assets		0.90	%		0.85	%		0.65	%		0.85	%		0.84	%
Net interest margin (FTE)		3.85	%		3.77	%		3.71	%		3.78	%		3.79	%
FTE adjustment - investments		3,738			2,495			1,250			4,737			3,472
FTE adjustment - loans		44			30			16			198			161
Amortization of intangibles		575			388			201			806			605
Amortization of intangibles, net of taxes		355			241			127			508			381
Average shares outstanding		17,186,957			17,169,872			17,139,732			14,375,323			14,018,949
Average diluted shares outstanding		17,248,878			17,237,990			17,212,980			14,465,718			14,108,546
Average earning assets		2,757,509			2,789,058			2,808,881			2,713,330			2,687,868
Average interest bearing liabilities		2,287,127			2,316,854			2,330,897			2,302,839			2,287,767

END OF PERIOD
Book value per share	$	22.28		$	22.03		$	21.72		$	21.72		$	21.20
Tangible book value per share		18.70			18.43			18.10			18.07			16.75
Shares outstanding		17,230,920			17,209,973			17,186,263			17,093,931			14,045,631
Full-time equivalent employees		1,029			1,045			1,057			1,091			1,111
Total number of ATM's		93			93			93			93			93
Total number of financial centers		85			76			84			84			84
Parent company only - investment in subsidiaries		322,730			319,814			305,182			303,183			300,946
Parent company only - intangible assets		133			133			133			133			133

Simmons First National Corporation											SFNC
Consolidated - Reconciliation of Core Earnings (non-GAAP)
For the Quarters Ended	Sep 30			Jun 30			Mar 31		Dec 31		Sep 30
(Unaudited)	2010			2010			2010		2009		2009
(in thousands, except per share data)
QUARTER-TO-DATE
Net Income	$	7,620		$	7,981		$	4,956	$	6,805	$	7,660
Nonrecurring items
Gain on FDIC assisted transactions		-			(3,037	)		-		-		-
Merger related costs		134			443			-		-		-
Branch right sizing		-			372			-		-		-
Tax effect (1)		(53	)		769			-		-		-
Net nonrecurring items		81			(1,453	)		-		-		-
Core earnings (non-GAAP)	$	7,701		$	6,528		$	4,956	$	6,805	$	7,660

Diluted earnings per share	$	0.44		$	0.46		$	0.29	$	0.44	$	0.54
Nonrecurring items
Gain on FDIC assisted transactions		-			(0.18	)		-		-		-
Merger related costs		-			0.03			-		-		-
Branch right sizing		-			0.02			-		-		-
Tax effect (1)		-			0.05			-		-		-
Net nonrecurring items		-			(0.08	)		-		-		-
Diluted core earnings per share (non-GAAP)	$	0.44		$	0.38		$	0.29	$	0.44	$	0.54

YEAR-TO-DATE
Net Income	$	20,557		$	12,937		$	4,956	$	25,210	$	18,405
Nonrecurring items
Gain on FDIC assisted transactions		(3,037	)		(3,037	)		-		-		-
Merger related costs		577			443			-		-		-
Branch right sizing		372			372			-		-		-
Tax effect (1)		716			769			-		-		-
Net nonrecurring items		(1,372	)		(1,453	)		-		-		-
Core earnings (non-GAAP)	$	19,185		$	11,484		$	4,956	$	25,210	$	18,405

Diluted earnings per share	$	1.19		$	0.75		$	0.29	$	1.74	$	1.30
Nonrecurring items
Gain on FDIC assisted transactions		(0.18	)		(0.18	)		-		-		-
Merger related costs		0.03			0.03			-		-		-
Branch right sizing		0.02			0.02			-		-		-
Tax effect (1)		0.05			0.05			-		-		-
Net nonrecurring items		(0.08	)		(0.08	)		-		-		-
Diluted core earnings per share (non-GAAP)	$	1.11		$	0.67		$	0.29	$	1.74	$	1.30

(1) Effective tax rate of 39.225%, adjusted for additional fair value deduction related to donation of closed branch.

	"Well Capitalized"	SFNC
Tier 1 Leverage Ratio	5.00%	12.33%
Tier 1 Risk-Based Capital Ratio	6.00%	19.21%
Total Risk-Based Capital Ratio	10.00%	20.46%