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Simmons First National Corp. - SFNC STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Simmons First National's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Simmons First National's position in the market.

Rhea-AI Summary
Simmons First National delivered solid results in the first quarter of 2024, with total loans and deposits showing growth. Net income was $38.9 million, diluted EPS was $0.31, and adjusted earnings were $40.4 million with adjusted diluted EPS of $0.32. The net interest margin remained stable at 2.66%. Noninterest income increased to $43.2 million, while noninterest expense decreased to $139.9 million. Asset quality remained strong, with a net charge-off ratio of 0.19%, and capital ratios exceeding 'well-capitalized' guidelines. Simmons declared a quarterly cash dividend of $0.21 per share, representing a 5% increase from last year.
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-3.08%
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Rhea-AI Summary
Simmons First National (SFNC) will release its first quarter 2024 earnings on April 24, 2024. The live conference call will be held at 9:00 a.m. Central Time. Simmons Bank, the principal subsidiary, operates 234 branches across multiple states and has a client-centric approach to financial solutions.
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-0.87%
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Rhea-AI Summary
Simmons Bank opens a new financial center in Pine Bluff, Arkansas, showcasing their commitment to the community. The upgraded facility offers expanded services and convenience to customers, reinforcing Simmons Bank's client-centric approach.
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Rhea-AI Summary
Simmons Bank inaugurates a new financial center in Dallas-Fort Worth, showcasing its commitment to the community. The center offers a range of financial services, including personal and commercial banking, mortgage lending, and wealth management. Simmons Bank, a subsidiary of Simmons First National Corporation (NASDAQ: SFNC), has a strong presence in the Mid-South region and a history of consistent dividend payments. The company has been recognized by Forbes for its excellence in employee satisfaction and banking services.
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Rhea-AI Summary
Simmons Bank celebrated the grand opening of a new financial center in Brentwood, Tennessee, featuring a full-service branch with an ATM and deposit capabilities. The bank, a subsidiary of Simmons First National Corporation (NASDAQ: SFNC), operates 234 branches in six states and ranks as the 9th largest bank in Tennessee based on deposit market share. Simmons Bank has been recognized by Forbes as one of 'America's Best Midsize Employer' and among the 'World's Best Banks' for the fourth consecutive year.
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Rhea-AI Summary
Simmons First National Corporation (NASDAQ: SFNC) has authorized a new $175 million share repurchase program and a 5 percent increase in the quarterly cash dividend. The fourth quarter of 2023 showed a net income of $23.9 million, with diluted EPS of $0.19. The company executed a strategic decision to sell approximately $241 million of low yield available-for-sale (AFS) investment securities, resulting in a pre-tax loss of approximately $20.2 million. Noninterest income for the fourth quarter of 2023 was $22.0 million, compared to $42.8 million in the third quarter of 2023. Total loans at the end of the fourth quarter of 2023 were $16.8 billion, up $704 million, or 4 percent, compared to $16.1 billion at the end of the fourth quarter of 2022. Total deposits at the end of the fourth quarter of 2023 were $22.2 billion, compared to $22.5 billion at the end of the fourth quarter of 2022.
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5.57%
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Rhea-AI Summary
Simmons First National Corporation (NASDAQ: SFNC) is set to release its fourth quarter 2023 earnings on January 24, 2024. The company's principal subsidiary, Simmons Bank, operates 232 branches in six states. Simmons Bank has been recognized by Forbes as one of America's Best Midsize Employers and among the World's Best Banks for multiple years.
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Simmons Bank (SMBK) Round-Up program helped customers save $5.5 million in 2023. Over 26,400 customers used the program, resulting in a 6% increase in savings compared to 2022. A Bankrate survey revealed that 57% of U.S. adults lack sufficient emergency savings, with 22% having none at all. Gen Zers are the most affected, with 31% having no emergency savings.
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Simmons Bank (Simmons) (NASDAQ: SFNC) donated $30,000 to Junior Achievement to fund work-readiness and financial education for children in its six-state footprint. The donation was made in honor of the 5,500 volunteer hours contributed by associates during 'Simmons Service Month.'
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Simmons First National Corporation (NASDAQ: SFNC) announced Daniel Hobbs as the new CFO, effective December 4, 2023. Hobbs brings extensive experience in the financial services industry, having served as executive vice president and head of finance for a Southeastern bank with over $150 billion in assets. Simmons Bank operates 232 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas, and has been recognized for its client-centric approach and financial solutions.
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Simmons First National Corp.

Nasdaq:SFNC

SFNC Rankings

SFNC Stock Data

2.27B
123.10M
1.62%
68.36%
2.07%
Commercial Banking
Finance and Insurance
Link
US
Pine Bluff

About SFNC

simmons bank (member fdic) is an arkansas state-chartered bank that started as a small, community bank more than 100 years ago. through the decades, simmons has expanded its products and services, leading the way with industry milestones, such as being the first arkansas bank to offer the first national revolving credit card, bankamericard® (now visa®). the company has grown steadily to $7.6 billion in assets with nearly 200 branch and atm locations throughout arkansas, kansas, missouri and tennessee. it is the subsidiary bank for simmons first national corporation, a publicly traded bank holding company headquartered in pine bluff, arkansas. though the bank has grown, our mission remains true to the philosophy of our founder – to place customers’ needs at the forefront of all we do. simmons associates are deeply committed to providing customers with the warmth, friendliness and one-on-one service you expect of a neighborhood bank, while offering the range of products and services you