STOCK TITAN

Simmons First National Corp - SFNC STOCK NEWS

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.

Rhea-AI Summary

Simmons First National Corporation (NASDAQ: SFNC) announced a quarterly cash dividend of $0.18 per share on April 26, 2021, reflecting a 6% increase from the previous year. The dividend is payable on July 6, 2021, to shareholders of record as of June 15, 2021. This raises the annualized dividend rate to $0.72 per share, showcasing a five-year compound annual growth rate of over 8%. Simmons has maintained cash dividends for 112 consecutive years, indicating strong financial stability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
dividends
-
Rhea-AI Summary

Simmons First National Corporation (NASDAQ: SFNC) announced senior leadership changes effective April 26, 2021, to strengthen its management team. Bob Fehlman has been appointed president and COO, succeeding Jay Brogdon as CFO, who brings over $15 billion in successful transaction experience. Promotions include Steve Massanelli as chief administrative officer and Sabrina McDonnell as chief customer experience officer. These changes aim to enhance execution of strategic priorities amid the company’s growth, reflecting a need for depth in leadership.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.15%
Tags
none
-
Rhea-AI Summary

Simmons First National Corporation (SFNC) reported net income of $67.4 million for Q1 2021, decreasing 12.7% from $77.2 million in Q1 2020. Diluted EPS dropped 8.8% to $0.62. Core earnings were $64.0 million, a 13.3% decrease year-over-year. Total loans fell to $12.2 billion, down 5.5% linked-quarter, while total deposits grew to $18.2 billion, up 16.9% year-over-year. The efficiency ratio was 57.77%. Despite the decline in profits, management expressed optimism about the recovery in loan demand and improved asset quality.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.41%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
management
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
dividends
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.99%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags

FAQ

What is the current stock price of Simmons First National (SFNC)?

The current stock price of Simmons First National (SFNC) is $22.5 as of December 24, 2024.

What is the market cap of Simmons First National (SFNC)?

The market cap of Simmons First National (SFNC) is approximately 2.8B.

What services does Simmons Bank offer?

Simmons Bank provides consumer, real estate, and commercial loans, checking, savings, and time deposits, along with trust services, investments, agricultural finance lending, equipment lending, insurance, consumer finance, and small business administration lending.

How many branches does Simmons Bank have?

Simmons Bank operates 233 branches across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas.

Who is the CFO of Simmons First National Corporation?

Daniel Hobbs recently joined Simmons First National Corporation as the Executive Vice President and Chief Financial Officer.

What recent recognitions has Simmons Bank received?

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.

What is the history of Simmons First National Corporation?

Founded in 1903, Simmons First National Corporation has grown steadily from a small community bank in Arkansas to a prominent financial holding company with assets of $7.6 billion.

What recent community initiatives has Simmons Bank undertaken?

Simmons Bank recently opened a new financial center in Dallas and hosts the Simmons Bank Championship, a PGA TOUR Champions' event, among other community development initiatives.

What are the key financial metrics for Simmons First National Corporation?

For the latest quarter, Simmons First National Corporation reported net income of $38.9 million. The company maintains a strong capital position with significant reserves.

How does Simmons Bank support its customers?

Simmons Bank prioritizes customer needs by offering a wide range of financial products and services and maintaining a client-centric approach.

What is Simmons Bank's approach to risk management?

Simmons Bank follows a disciplined approach to loan and deposit pricing and maintains strong reserves to manage risk effectively.

What is the significance of Simmons Bank's history with credit cards?

Simmons Bank was the first Arkansas bank to offer the national revolving credit card, BankAmericard® (now Visa®), marking a significant milestone in the industry's history.

Simmons First National Corp

Nasdaq:SFNC

SFNC Rankings

SFNC Stock Data

2.83B
123.41M
1.65%
72.32%
1.97%
Banks - Regional
National Commercial Banks
Link
United States of America
PINE BLUFF