Welcome to our dedicated page for Simmons First National news (Ticker: SFNC), a resource for investors and traders seeking the latest updates and insights on Simmons First National stock.
Simmons First National Corporation (NASDAQ: SFNC) is a renowned financial holding company headquartered in Pine Bluff, Arkansas. Founded in 1903, the company has a rich history of providing banking and financial services. Its principal subsidiary, Simmons Bank, operates 233 branches across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas.
Simmons Bank offers a wide range of financial services, including consumer, real estate, and commercial loans, as well as checking, savings, and time deposits. Their loan portfolio is diversified, comprising construction, single-family residential, commercial loans, and various consumer loans such as credit card loans and student loans. In addition, Simmons Bank provides trust services, investments, agricultural finance lending, equipment lending, insurance products, and small business administration lending.
In 2023, Simmons Bank was recognized by Forbes as one of 'America's Best Midsize Employers' and among the 'World's Best Banks' for the fourth consecutive year. This recognition underscores the company's commitment to exceptional service and innovative financial solutions delivered with a client-centric approach. Despite its growth, the bank remains dedicated to the founder's mission of prioritizing customer needs.
Simmons Bank has achieved numerous milestones over the years, including being the first Arkansas bank to offer a national revolving credit card, BankAmericard® (now Visa®). The bank has consistently demonstrated robust financial performance, with strong loan and deposit growth, reflecting in its total assets of $7.6 billion and extensive branch and ATM network.
The bank's commitment to the communities it serves is evident through its various initiatives and investments, such as the recent grand opening of a new financial center in Dallas and active participation in community development through events like the Simmons Bank Championship, a PGA TOUR Champions' event. These community-focused efforts highlight Simmons Bank's dedication to fostering economic growth and development.
Recently, Simmons First National Corporation appointed Daniel Hobbs as Executive Vice President and Chief Financial Officer, bringing extensive experience and a proven track record in the financial services industry. This strategic appointment is expected to bolster the company's financial leadership and support its growth strategy.
For the latest quarter, Simmons First National Corporation reported net income of $38.9 million, reflecting its solid financial standing and effective risk management practices. The company has maintained a strong capital position, with significant reserves and a disciplined approach to loan and deposit pricing.
Simmons Bank has been recognized as one of the "World's Best Banks" by Forbes for the second consecutive year, based on surveys of 43,000 customers across 28 countries. The recognition highlights Simmons Bank's commitment to trust, customer service, and digital offerings. CEO George Makris, Jr. expressed gratitude for the trust placed by customers. This award follows other accolades, including Forbes' "America's Best Banks 2021" and the previous year's same recognition. Simmons Bank operates approximately 200 branches and has total assets of $22.3 billion as of December 31, 2020.
Simmons First National Corp. (NASDAQ: SFNC) will release its first quarter 2021 earnings on April 20, 2021, prior to market opening. Management will hold a live conference call at 9:00 a.m. CDT to discuss the earnings. Interested participants can join by calling toll-free 1-866-298-7926. The call will also be accessible live and recorded on the company’s website. As of December 31, 2020, the company had total assets of approximately $22.4 billion and operates in multiple states including Arkansas, Kansas, and Texas, providing a range of financial solutions.
Simmons First National Corporation (Nasdaq: SFNC) has appointed Julie Stackhouse to its board of directors, strengthening its leadership. Ms. Stackhouse, a former executive vice president at the Federal Reserve Bank of St. Louis, brings extensive experience in bank regulation and supervision. Chairman and CEO George A. Makris, Jr. expressed confidence in her ability to contribute valuable insights to the board. As of December 31, 2020, Simmons reported consolidated assets of approximately $22.4 billion and operates in multiple states.
Jack Henry & Associates (NASDAQ: JKHY) announced that President & CEO David Foss will present with Simmons Bank's Alex Carriles at Wells Fargo's Bank and Tech Pop Up Virtual Conference on March 4, 2021. They will discuss how regional banks compete with larger institutions through technology. Simmons Bank experienced a 30% increase in digital users in 2020, underscoring the effectiveness of its tech strategy. Simmons is a subsidiary of Simmons First National Corporation (NASDAQ: SFNC) and operates over 200 branches across multiple states.
Simmons First National Corporation (NASDAQ: SFNC) announced a regular quarterly cash dividend of $0.18 per share, payable on April 5, 2021, to shareholders of record as of March 15, 2021. This marks a 5.9% increase from the previous year’s dividend. As of December 31, 2020, the company reported total consolidated assets of approximately $22.4 billion.
Simmons First National Corporation (NASDAQ: SFNC) reported a net income of $254.9 million for 2020, marking a 7.2% increase from 2019. However, diluted EPS decreased by 4.2% to $2.31. Core earnings were $264.3 million, reflecting a 2.0% decline year-over-year. The company originated approximately 8,200 PPP loans totaling nearly $1 billion, supporting over 100,000 jobs. Deposits rose 5.5% to $17 billion. Despite challenges, Simmons increased its dividend and maintained strong profitability during a tumultuous year.
Simmons First National Corp. (NASDAQ: SFNC) has announced the release of its fourth quarter 2020 earnings, scheduled for January 26, 2021, before market opening. A live conference call will follow at 9:00 a.m. CST on the same day, providing details on the earnings. The company, headquartered in Pine Bluff, Arkansas, holds total assets of approximately $21.4 billion as of September 30, 2020, and operates across multiple states, including Arkansas, Illinois, and Texas, offering comprehensive financial solutions.
Simmons Bank has announced a donation of $75,000 to the Snedeker Foundation through its Drive. Putt. Do Good. initiative. This initiative aims to offset losses from the cancellation of the Simmons Bank Open, part of the Korn Ferry Tour. The bank pledged $50 for each birdie made during the 2020 golf season, resulting in 1,401 birdies by team ambassadors, including Brandt Snedeker, exceeding their $50,000 target. The Snedeker Foundation supports underprivileged children, demonstrating Simmons Bank's commitment to community aid during challenging times.
Simmons Bank has been recognized by Fortune as one of the "100 Fastest-Growing Companies" for 2020, the only company from Arkansas to achieve this. The bank's impressive growth is highlighted by a 35% revenue increase over three years, contributing to its asset expansion from approximately $3.2 billion to over $21 billion in less than seven years. This accolade complements previous honors from Forbes, including listings as one of the "World's Best Banks" and "Best-in-State Employers" in 2020.
Simmons First National Corp. (NASDAQ: SFNC) announced a quarterly cash dividend of $0.17 per share, payable on January 5, 2021, to shareholders of record as of December 15, 2020. This marks a 6.3% increase from last year’s dividend. As of September 30, 2020, the company's total consolidated assets were approximately $21.4 billion, reflecting its robust financial position. Simmons First operates across several states including Arkansas, Illinois, and Texas, providing a wide range of financial services.
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