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.
The SFNC news page on Stock Titan provides a focused view of recent developments at Simmons First National Corporation, a Mid-South based financial holding company whose principal subsidiary is Simmons Bank. As a commercial banking organization with a long history of dividend payments and a multi-state branch network, Simmons generates frequent news related to its banking operations, capital actions and corporate governance.
Visitors can review company-issued press releases covering topics such as quarterly earnings announcements, conference call schedules and financial performance updates. Recent communications have included details on third quarter results, balance sheet repositioning, and the timing of upcoming earnings releases and investor calls. The company’s disclosures also highlight its long record of paying cash dividends, including board decisions on quarterly dividend declarations and information about dividend growth over time.
News items further describe Simmons First National Corporation’s capital markets activities, including underwritten public offerings of Class A common stock and the pricing of fixed-to-floating rate subordinated notes, along with the intended use of proceeds for repaying existing subordinated notes and general corporate purposes. Corporate news has also addressed leadership transitions, such as the planned retirement of the chairman and chief executive officer and the appointment of a new president and chief executive officer, as well as executive benefit plan updates.
In addition, company releases reference Simmons Bank’s recognition in third-party rankings and its role in sponsored events, providing context on brand visibility and community engagement. By following the SFNC news feed, investors and observers can monitor how Simmons communicates its financial results, strategic balance sheet actions, funding decisions and leadership changes over time.
Simmons Bank has been named to Forbes America's Best-In-State Employers 2024 for Missouri. This recognition comes from an independent survey of over 160,000 employees working for companies with at least 500 employees in the U.S. The ranking considered around 4.4 million employer evaluations over three years, focusing on employees' willingness to recommend their employers and public recommendations.
Jena Compton, chief people officer of Simmons Bank, expressed honor in receiving this recognition based on associate and peer feedback. This award adds to Simmons Bank's recent Forbes recognitions, including Best-In-State Banks (2024) and World's Best Banks (2023). Simmons Bank, a subsidiary of Simmons First National (NASDAQ: SFNC), operates 234 branches across six states and has paid cash dividends for 115 consecutive years.
The Little Rock Touchdown Club, presented by Simmons Bank, has announced its 2024 speaker lineup for its 20th season. The lineup includes Pro Football Hall of Fame members Brett Favre, Ray Lewis, and Eric Dickerson. Arkansas Razorback Head Coach Sam Pittman will kick off the season on August 19. The club meets weekly at the DoubleTree Hotel in Little Rock, with membership dues starting at $90.
Simmons Bank, a subsidiary of Simmons First National (NASDAQ: SFNC), is the presenting sponsor. The bank operates 234 branches across six states and has been recognized by U.S. News & World Report and Forbes for its workplace quality and banking services. The Little Rock Touchdown Club, founded in 2004, has grown from 17 to over 500 members, becoming one of the nation's largest football clubs.
The inaugural Simmons Bank Championship presented by Stephens, a PGA TOUR Champions playoff event, will be held at Pleasant Valley Country Club in Little Rock, Arkansas, from October 21-27, 2024. Tickets are now on sale, with various options available:
- $30 daily general admission ticket
- $125 upgraded 16 green hospitality ticket
- $2,500 Arkansas Champions Club weekend VIP pass
The tournament will feature the top 54 players competing for a $2.3 million prize. It marks the first-ever PGA TOUR event in Arkansas since 2010. Net proceeds will support nonprofit organizations in the state. The event serves as the second round of the PGA TOUR Champions' annual Charles Schwab Cup Playoffs.
Simmons First National (NASDAQ: SFNC) reported its second quarter 2024 results on July 24, 2024.
Key financial highlights: Net income was $40.8 million, up from $38.9 million in Q1 2024 but down from $58.3 million in Q2 2023. Diluted EPS was $0.32, slightly up from $0.31 in Q1 2024, but down from $0.46 in Q2 2023. Total revenue came in at $197.2 million, with a net interest margin of 2.69%, up 3 basis points from Q1 2024.
Total loans increased by 4% on a linked-quarter annualized basis. The yield on the loan portfolio rose by 15 basis points to 6.39%. Deposit costs increased by only 4 basis points, and noninterest-bearing deposit migration eased. Credit quality improved with a decrease in nonperforming loans and past due loans. The allowance for credit losses was 1.34%, and the nonperforming loan coverage ratio stood at 223%.
The board declared a quarterly cash dividend of $0.21 per share, payable on October 1, 2024. Simmons did not repurchase shares under its 2024 stock repurchase program during the quarter.
Simmons Bank announced a $25,000 donation to Hope's Path in honor of former board member Dean Bass. Hope's Path, a nonprofit based in Spring, Texas, helps former foster and homeless youth achieve sustainable independence. Dean Bass joined the board of Simmons First National (NASDAQ: SFNC) in 2022 after Simmons acquired Spirit of Texas Bancshares, where he was chairman and CEO. The donation recognizes Bass's contribution to the company and community. Simmons Bank operates 233 branches across six states and has a long history of paying dividends. The bank has been acknowledged by several prestigious publications for its workplace and service excellence.
Simmons Bank announced a $25,000 donation to the Simmons First Foundation in honor of Jay Burchfield, a former board member. Burchfield, who served on the board since 2015, contributed significantly through his strategic thinking and execution. He served on the Audit and Compensation Committees of Simmons First National (NASDAQ: SFNC). A veteran of the U.S. Army and retired Chairman of Ozark Trust and Investment , Burchfield's career in the banking and financial services industry spanned over 40 years. The Simmons First Foundation, led by former CEO Tommy May, supports education, healthcare, and environmental conservation efforts. Simmons Bank, a subsidiary of Simmons First National , operates 233 branches and has been recognized by U.S. News & World Report and Forbes for its workplace and banking excellence.
Simmons Bank has made a $25,000 donation to St. Peter Catholic Church in honor of former board member W. Scott McGeorge. This donation will support the repair and renovation of St. Raphael Church in Pine Bluff, established in 1932. W. Scott McGeorge, who joined Simmons' board in 2005, has significantly contributed to the company, particularly in the Audit and Compensation Committees. The donation recognizes his nearly 20 years of dedicated service. Simmons Bank, a subsidiary of Simmons First National (NASDAQ: SFNC), operates 233 branches across several states and has been recognized for its workplace excellence and client-centric approach.
Simmons First National (NASDAQ: SFNC) will release its second quarter 2024 earnings before market hours on July 24, 2024. A live conference call is scheduled at 9:00 a.m. Central Time the same day to discuss the results. The dial-in number for North American participants is 1-844-481-2779 with the conference ID 10190204. The call will be accessible live on Simmons Bank's website and a recorded version will remain available for 60 days. Simmons Bank, the principal subsidiary, operates 233 branches across six states and has been recognized by U.S. News & World Report and Forbes for its workplace and banking excellence.
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.
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