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Simmons First National Corporation - SFNC STOCK NEWS

Welcome to our dedicated page for Simmons First National Corporation news (Ticker: SFNC), a resource for investors and traders seeking the latest updates and insights on Simmons First National Corporation 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.

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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.

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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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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FAQ

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 Corporation

Nasdaq:SFNC

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SFNC Stock Data

2.60B
125.48M
1.62%
69.76%
1.66%
Commercial Banking
Finance and Insurance
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United States of America
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