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 named to Forbes America's Best-In-State Banks 2024 in Tennessee. The ranking, created in partnership with Statista, identifies banks that excel in meeting local financial needs. Approximately 26,000 U.S. residents participated in the survey, assessing banks on criteria like customer service, financial advice, fee structures, and digital services. This accolade adds to Simmons Bank's recent recognitions from Forbes, including World's Best Banks and America's Best Midsize Employers. Simmons Bank, a subsidiary of Simmons First National (NASDAQ: SFNC), operates 233 branches across six states and has been a trusted financial advisor since 1903.
Simmons Bank has been named one of the '2024-2025 Best Companies to Work For in the South' by U.S. News & World Report. The recognition highlights Simmons Bank's top ranking in stability and professional development. 549 companies were evaluated across various criteria including pay and benefits quality, work-life balance, and job stability. This accolade is based on metrics and employee sentiment from the Russell 3000 index, with data gathered from partners such as Revelio Labs and Good Jobs First. Simmons Bank, a subsidiary of Simmons First National (NASDAQ: SFNC), operates 233 branches across six states and has a long history of paying cash dividends.
Simmons Bank celebrated the opening of its new financial center in Memphis' Binghampton area on May 22, 2024. The 2,133-square-foot center, located at 510 Tillman St, features a full-service branch with an ATM that has deposit capabilities. This new center aims to provide a range of services including personal, commercial, mortgage lending, and wealth management. Simmons Bank operates 11 branches in the Memphis metro area and 233 branches across six states, ranking as the 9th largest bank in Tennessee based on deposit market share. The company, which has a history of paying cash dividends for 115 years, is a subsidiary of Simmons First National (NASDAQ: SFNC). Founded in 1903, Simmons Bank has been recognized by Forbes as one of 'America's Best Midsize Employers' and among the 'World's Best Banks' for four consecutive years.
Simmons Bank has announced a $1.25 million investment to support Southern Bancorp Community Partners' Minority Business Empowerment Program (MBEP) in central Arkansas. This includes a 10-year, $1 million Equity Equivalent (EQ2) investment and a $250,000 grant for technical assistance to minority entrepreneurs. The MBEP, launched in 2021, offers a 12-week program focusing on seven key business disciplines, preparing participants to secure funding for growth and scalability. The initiative aims to provide low-cost capital and technical support to minority businesses, fostering economic empowerment and prosperity.
Stephens Inc. has been announced as the presenting sponsor of the Simmons Bank Championship, a PGA TOUR Champions tournament held at Pleasant Valley Country Club in Little Rock, Arkansas. The event will take place from Oct. 21-27, 2024, as part of the Charles Schwab Cup Playoffs with a prize money of $2.3 million. Stephens Inc.'s support aims to enhance player, volunteer, and attendee experience, while benefiting various charitable organizations in Arkansas. The sponsorship agreement will last for five years, solidifying a long-term partnership.
The Simmons Bank Open for the Snedeker Foundation has relocated to Vanderbilt Legends Club in Tennessee, with a five-year partnership announced by the Korn Ferry Tour. The tournament will be held from 2024-2028, with the 2024 event scheduled for September 12-15. Vanderbilt University's Legends Club will host the tournament, showcasing a world-class golf event on its exceptional course. Brandt Snedeker's foundation will benefit from the tournament, supporting various charities in middle Tennessee.
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