Simmons 1St Natl Corp Stock Price, News & Analysis

Simmons First National (NASDAQ: SFNC) reported first quarter 2025 results with net income of $32.4 million and diluted earnings per share of $0.26, compared to $48.3 million and $0.38 in Q4 2024.

Key highlights include:

• Total revenue of $209.6 million and pre-provision net revenue of $65.0 million
• Net interest margin increased to 2.95%, marking the fourth consecutive quarterly increase
• Cost of deposits decreased to 2.44%, down 16 basis points
• Two specific credit relationships totaling $49.8 million moved to nonperforming status

The company faced challenges with two credit relationships: a $26.9 million downtown St. Louis hotel loan and a $22.9 million fast-food operator loan, resulting in $15.6 million of incremental provision expense. Additionally, a customer deposit fraud event led to a $4.3 million charge in noninterest expense.

Simmons First National (NASDAQ: SFNC) has scheduled its first quarter 2025 earnings release for April 16, 2025, after market close. The company will host a conference call to discuss the results on April 17, 2025, at 7:30 a.m. Central Time.

Simmons Bank, the company's principal subsidiary, operates over 220 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. The financial holding company has maintained a remarkable track record of paying cash dividends to shareholders for 116 consecutive years. In 2024, the bank received notable recognition from Newsweek as one of America's Best Regional Banks 2025, U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South, and Forbes as one of America's Best-In-State Banks 2024 in Tennessee and America's Best-In-State Employers 2024 in Missouri.

Simmons Bank has inaugurated a new regional office in Jonesboro, Arkansas, marking an expansion of its presence in Northeast Arkansas. The 19,790-square-foot financial center features a full-service branch equipped with four drive-thru lanes and an ATM with deposit capabilities.

The facility will offer comprehensive financial solutions including personal, commercial, mortgage lending, and wealth management services. The project was completed with Flynco Construction as the contractor and Polk Stanley Wilcox Architects as the architectural firm of record.

The bank currently operates approximately 64 full-service branches throughout Arkansas and maintains a total of 222 branches across six states in the Mid-South, employing nearly 3,000 associates. The institution has been in operation since 1903.

Simmons Bank has appointed Leasa Melton as community division director of payment product and sales strategy. With over 20 years of retail banking experience, Melton will oversee the development and implementation of payment products, including merchant services, debit card operations, and credit card needs for Consumer and Business Banking.

Prior to this role, Melton served as vice president of product strategy at a regional financial services company in Oklahoma, where she led product visions, pricing, and innovation for consumer and small business deposits. Her career began as a Bank Secrecy Act and fraud specialist. Melton holds a Business Administration and Management degree from Northern Oklahoma College.

Simmons First National (NASDAQ: SFNC) has declared a quarterly cash dividend of $0.2125 per share on its Class A common stock, payable on April 1, 2025, to shareholders of record as of March 14, 2025. This represents a 1% increase from the previous year's dividend for the same period.

The indicated annualized cash dividend rate of $0.85 for 2025 reflects a ten-year compound annual growth rate of 6%. This marks the company's 116th consecutive year of paying cash dividends, making it one of only 26 U.S. publicly traded companies with 100+ years of uninterrupted dividend payments. Additionally, this is Simmons' 14th consecutive year of dividend increases, earning it the 'Dividend Contender' designation from Dividend Power.

Simmons Bank has announced the appointment of Tammie Davis as senior vice president for Community Strategy and Performance. Davis, who brings more than 25 years of community and consumer banking experience, will report to chief community banking officer Chris White. In her new role, she will oversee comprehensive strategies for the community banking division, focusing on optimizing sales, service, and operational excellence.

Prior to joining Simmons Bank, Davis served as a division president for a larger regional bank. She is actively involved in various community initiatives, including membership in Arkansas nonprofit Fifty for the Future and past board membership at Baptist Health Long Term Care Hospital. Davis holds a Bachelor of Science in Accounting from the University of Arkansas at Little Rock.

Simmons First National (SFNC) reported Q4 2024 net income of $48.3 million, with diluted earnings per share of $0.38, compared to $24.7 million ($0.20 EPS) in Q3 2024 and $23.9 million ($0.19 EPS) in Q4 2023.

Key financial metrics for Q4 2024 include:

• Total revenue: $208.5 million
• Net interest margin: 2.87%, up 13 basis points
• Total loans: $17.0 billion
• Total deposits: $21.9 billion
• Allowance for credit losses ratio: 1.38%

The company's performance showed improvement in profitability trends, with net interest income totaling $164.9 million. The efficiency ratio was 65.66%, and the tangible book value per share increased to $16.80. The company maintained strong capital ratios, with CET1 at 12.38% and total risk-based capital ratio at 14.61%.

Simmons First National (NASDAQ: SFNC) has announced its schedule for fourth quarter 2024 earnings release, set for Tuesday, January 21, 2025, after market close. The company will host a live conference call to discuss the results on Wednesday, January 22, at 7:30 a.m. Central Time.

Simmons Bank, the company's principal subsidiary, operates over 200 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. The financial holding company has maintained a remarkable track record of paying cash dividends to shareholders for 115 consecutive years. In 2024, the bank received recognition from Newsweek as one of America's Best Regional Banks 2025 and earned distinctions from both U.S. News & World Report and Forbes for workplace excellence and state-level banking performance.

Simmons Bank (NASDAQ: SFNC) reported that its Round-Up automatic savings program helped customers save nearly $5.5 million in the first eleven months of 2024, with over 25,000 customers participating. The program, launched in 2014, automatically rounds up debit card purchases to the nearest dollar and deposits the difference into customers' savings accounts.

This initiative addresses a significant need, as a recent Bankrate survey revealed that 59% of U.S. adults are uncomfortable with their emergency savings, and 27% have no emergency savings at all. Simmons Bank operates 234 branches across six states and has maintained cash dividends for 115 consecutive years.