Welcome to our dedicated page for Simmons 1St Natl news (Ticker: SFNC), a resource for investors and traders seeking the latest updates and insights on Simmons 1St Natl stock.
Company Overview
Simmons First National Corporation (NASDAQ: SFNC) is a distinguished financial holding company with deep roots dating back to its founding in 1903. Originating as a small, community bank in Arkansas, the company has evolved over the decades into a respected regional banking institution. Its principal subsidiary, Simmons Bank, seamlessly blends the personal touch of neighborhood banking with a comprehensive array of modern financial solutions. With a commitment to placing customer needs at the forefront, Simmons First National Corporation embodies a legacy of stability, prudent financial management, and innovative product introductions, such as pioneering the first national revolving credit card in its home state.
Banking Services and Financial Solutions
At its core, Simmons First National Corporation focuses on delivering a wide spectrum of banking services across the Mid-South. Its product suite includes traditional deposit services such as checking, savings, and time deposits, alongside specialized offerings in consumer finance, commercial lending, and real estate loans. The company manages a diverse loan portfolio that comprises construction loans, single-family residential financing, commercial property loans, credit card lending, student loans, and other consumer financing products. This diversified approach not only supports a range of customer needs but also demonstrates the company’s focus on maintaining asset quality while managing risk through prudent underwriting practices.
Strategic Milestones and Industry Innovation
Simmons First National Corporation has continuously set industry benchmarks. Historically, the company was the first bank in Arkansas to launch a national revolving credit card, a milestone that underscores its legacy of innovation and willingness to adopt new financial technologies. Its evolution from a small community bank into an expansive network of branches and ATMs spread over multiple states reflects its ability to grow organically while preserving its foundational customer-centric ethos. The company’s commitment to excellence is also evident from its long-standing record of uninterrupted cash dividend payments, a testament to its stable capital base and sound financial practices.
Operational Excellence and Market Position
Operating as a mid-south banking powerhouse, Simmons First National Corporation leverages a blend of traditional banking principles and modern financial services to serve both individual consumers and business clients. The firm’s revenue primarily derives from interest income on a diversified loan portfolio and fee-based income from a range of banking services. Its strategic focus on maintaining competitive loan yields, disciplined pricing strategies, and controlled deposit costs ensures that its net interest margin remains robust even in fluctuating economic conditions. Furthermore, the company places a strong emphasis on risk management, closely monitoring nonperforming assets and credit loss allowances to effectively navigate credit cycles and economic uncertainty.
Community Engagement and Regional Impact
Beyond its financial operations, Simmons First National Corporation maintains an enduring commitment to community development and local economic growth. Its extensive branch network in Arkansas, Kansas, Missouri, Tennessee, and surrounding states not only provides wide-ranging financial services but also contributes to the socioeconomic fabric of these regions. The company actively participates in community events and sponsorships, including initiatives like the Simmons Bank Championship, which exemplify its efforts to bolster local charities and foster community engagement. This dual focus on financial performance and community responsibility effectively positions the firm as both a reliable financial partner and a key contributor to regional development.
Expertise in Diversified Banking and Future-Ready Operations
With over a century of operational history, Simmons First National Corporation is well-versed in balancing traditional banking values with the demands of an evolving financial landscape. Its business model is built around a deep understanding of credit markets, customer behavior, and institutional risk management, manifesting in consistent dividend payments and stable financial performance. The company’s comprehensive approach—spanning from consumer finance and commercial lending to tailored trust and investment services—demonstrates a sophisticated understanding of market dynamics and interconnections within the financial industry.
Operational Highlights
- Broad Product Portfolio: Inclusive of consumer loans, real estate and commercial lending, deposit products, trust and investment services.
- Stable Dividend History: Recognized for a record of over a century in paying uninterrupted cash dividends, reflecting financial stability and confidence in sustained operations.
- Prudent Risk Management: A diversified loan portfolio is managed under disciplined underwriting practices to maintain high credit quality and low nonperforming assets.
- Regional Outreach: An expansive branch network that delivers personalized banking experiences aligned with community needs.
This extensive blend of community-focused service, strategic innovation, and robust operational practices has solidified Simmons First National Corporation’s reputation as a trusted regional bank with a clear emphasis on both traditional values and contemporary banking services. Investors and industry observers find its consistent performance and strong market positioning a result of its balanced approach to risk, revenue generation, and community engagement. The company continues to deliver comprehensive financial solutions underpinned by decades of experience and a steadfast commitment to its founding principles.
Simmons First National (NASDAQ: SFNC) reported first quarter 2025 results with net income of $32.4 million and diluted earnings per share of $0.26, compared to $48.3 million and $0.38 in Q4 2024.
Key highlights include:
- Total revenue of $209.6 million and pre-provision net revenue of $65.0 million
- Net interest margin increased to 2.95%, marking the fourth consecutive quarterly increase
- Cost of deposits decreased to 2.44%, down 16 basis points
- Two specific credit relationships totaling $49.8 million moved to nonperforming status
The company faced challenges with two credit relationships: a $26.9 million downtown St. Louis hotel loan and a $22.9 million fast-food operator loan, resulting in $15.6 million of incremental provision expense. Additionally, a customer deposit fraud event led to a $4.3 million charge in noninterest expense.
Simmons First National (NASDAQ: SFNC) has scheduled its first quarter 2025 earnings release for April 16, 2025, after market close. The company will host a conference call to discuss the results on April 17, 2025, at 7:30 a.m. Central Time.
Simmons Bank, the company's principal subsidiary, operates over 220 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. The financial holding company has maintained a remarkable track record of paying cash dividends to shareholders for 116 consecutive years. In 2024, the bank received notable recognition from Newsweek as one of America's Best Regional Banks 2025, U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South, and Forbes as one of America's Best-In-State Banks 2024 in Tennessee and America's Best-In-State Employers 2024 in Missouri.
Simmons Bank has inaugurated a new regional office in Jonesboro, Arkansas, marking an expansion of its presence in Northeast Arkansas. The 19,790-square-foot financial center features a full-service branch equipped with four drive-thru lanes and an ATM with deposit capabilities.
The facility will offer comprehensive financial solutions including personal, commercial, mortgage lending, and wealth management services. The project was completed with Flynco Construction as the contractor and Polk Stanley Wilcox Architects as the architectural firm of record.
The bank currently operates approximately 64 full-service branches throughout Arkansas and maintains a total of 222 branches across six states in the Mid-South, employing nearly 3,000 associates. The institution has been in operation since 1903.
Simmons Bank has appointed Leasa Melton as community division director of payment product and sales strategy. With over 20 years of retail banking experience, Melton will oversee the development and implementation of payment products, including merchant services, debit card operations, and credit card needs for Consumer and Business Banking.
Prior to this role, Melton served as vice president of product strategy at a regional financial services company in Oklahoma, where she led product visions, pricing, and innovation for consumer and small business deposits. Her career began as a Bank Secrecy Act and fraud specialist. Melton holds a Business Administration and Management degree from Northern Oklahoma College.
Simmons First National (NASDAQ: SFNC) has declared a quarterly cash dividend of $0.2125 per share on its Class A common stock, payable on April 1, 2025, to shareholders of record as of March 14, 2025. This represents a 1% increase from the previous year's dividend for the same period.
The indicated annualized cash dividend rate of $0.85 for 2025 reflects a ten-year compound annual growth rate of 6%. This marks the company's 116th consecutive year of paying cash dividends, making it one of only 26 U.S. publicly traded companies with 100+ years of uninterrupted dividend payments. Additionally, this is Simmons' 14th consecutive year of dividend increases, earning it the 'Dividend Contender' designation from Dividend Power.
Simmons Bank has announced the appointment of Tammie Davis as senior vice president for Community Strategy and Performance. Davis, who brings more than 25 years of community and consumer banking experience, will report to chief community banking officer Chris White. In her new role, she will oversee comprehensive strategies for the community banking division, focusing on optimizing sales, service, and operational excellence.
Prior to joining Simmons Bank, Davis served as a division president for a larger regional bank. She is actively involved in various community initiatives, including membership in Arkansas nonprofit Fifty for the Future and past board membership at Baptist Health Long Term Care Hospital. Davis holds a Bachelor of Science in Accounting from the University of Arkansas at Little Rock.
Simmons First National (SFNC) reported Q4 2024 net income of $48.3 million, with diluted earnings per share of $0.38, compared to $24.7 million ($0.20 EPS) in Q3 2024 and $23.9 million ($0.19 EPS) in Q4 2023.
Key financial metrics for Q4 2024 include:
- Total revenue: $208.5 million
- Net interest margin: 2.87%, up 13 basis points
- Total loans: $17.0 billion
- Total deposits: $21.9 billion
- Allowance for credit losses ratio: 1.38%
The company's performance showed improvement in profitability trends, with net interest income totaling $164.9 million. The efficiency ratio was 65.66%, and the tangible book value per share increased to $16.80. The company maintained strong capital ratios, with CET1 at 12.38% and total risk-based capital ratio at 14.61%.
Simmons First National (NASDAQ: SFNC) has announced its schedule for fourth quarter 2024 earnings release, set for Tuesday, January 21, 2025, after market close. The company will host a live conference call to discuss the results on Wednesday, January 22, at 7:30 a.m. Central Time.
Simmons Bank, the company's principal subsidiary, operates over 200 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. The financial holding company has maintained a remarkable track record of paying cash dividends to shareholders for 115 consecutive years. In 2024, the bank received recognition from Newsweek as one of America's Best Regional Banks 2025 and earned distinctions from both U.S. News & World Report and Forbes for workplace excellence and state-level banking performance.
Simmons Bank (NASDAQ: SFNC) reported that its Round-Up automatic savings program helped customers save nearly $5.5 million in the first eleven months of 2024, with over 25,000 customers participating. The program, launched in 2014, automatically rounds up debit card purchases to the nearest dollar and deposits the difference into customers' savings accounts.
This initiative addresses a significant need, as a recent Bankrate survey revealed that 59% of U.S. adults are uncomfortable with their emergency savings, and 27% have no emergency savings at all. Simmons Bank operates 234 branches across six states and has maintained cash dividends for 115 consecutive years.
Simmons Bank (NASDAQ: SFNC) has opened a new financial center in Cleveland, Tennessee, at 86 Stuart Road Northeast. The 3,000-square-foot facility features a full-service branch with four drive-thru lanes and an ATM with quick-deposit capabilities, offering both personal and commercial lending services.
The bank currently operates more than 45 branches throughout Tennessee and 234 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. This expansion reinforces Simmons Bank's commitment to community investment, with the institution notably maintaining a 115-year streak of consecutive cash dividend payments.
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