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 announced that its Round-Up savings program enabled customers to save over $5.2 million in the first eleven months of 2022. With participation from more than 26,500 customers, usage increased by approximately 5% year-over-year, while savings rose by 7%. The program automates savings by rounding debit card transactions to the nearest dollar, depositing the change into savings or checking accounts. This initiative reflects growing financial security among Americans, with recent surveys indicating that only 44% of adults have adequate savings for emergencies.
Simmons First National Corporation (NASDAQ: SFNC) will release its fourth quarter 2022 earnings on January 24, 2023, before the market opens. A live conference call will commence at 9:00 a.m. Central Time on the same day to discuss these results. Interested listeners can access the call by dialing 1-844-481-2779 (North America only) with conference ID 10174103. The call will also be available live and recorded on the company's website for 60 days post-event. Simmons has a long-standing history of cash dividends, marking 113 consecutive years of shareholder returns.
Simmons First National Corporation (NASDAQ: SFNC) announced significant executive management changes effective January 1, 2023. George Makris, Jr. transitions to the role of executive chairman, while Robert Fehlman becomes the new CEO. James Brogdon assumes the position of president and CFO. The leadership changes aim to enhance Simmons' strategic initiatives and daily operations. The company is recognized for its financial strength, having paid cash dividends for 113 consecutive years and earning accolades from Forbes.
Simmons Bank is in advanced negotiations with the City of Stillwater for a $1.5 million donation aimed at revitalizing Block 34, a vacant city block, into a sustainable public space. The initiative seeks to enhance community engagement and cultural representation in downtown Stillwater. If finalized, this donation aligns with Simmons Bank's commitment to community investment and follows its previous support for female student-athletes at Oklahoma State University. The project will include various features like an event space, landscaping, and public amenities.
Simmons Bank and Simmons First Foundation have donated $100,000 to the Central Arkansas Fellowship of Christian Athletes (FCA). This funding will enhance FCA's presence in Jefferson County by helping to staff additional representatives, provide scholarships for middle and high school athletes to attend FCA camps, and supply materials for various programs. Mark Miller, FCA's multi-area director, highlighted the importance of such support amid the challenges faced by youth today. Simmons First Foundation has a history of community investment, with a focus on youth development and well-being.
Simmons Bank announced a $50,000 donation to Junior Achievement USA, highlighting over 6,400 volunteer hours from associates during September's Service Month. This contribution will enhance work-readiness and financial literacy for children across the bank's six-state area. Since 2015, Simmons Bank has donated more than $200,000 to Junior Achievement. Simmons Bank's commitment to community engagement reflects its corporate culture, fostering volunteerism among its employees, who also raised $11,550 for various charities.
The Simmons Bank Open for the Snedeker Foundation will elevate its status in the Korn Ferry Tour as one of four tournaments forming the 2023 Korn Ferry Tour Finals, scheduled for September 14-17 at The Grove Club, College Grove, Tenn. This recognition follows the tournament's successful past two years, receiving positive feedback from players and the community. With expected national exposure from Golf Channel coverage and enhanced hospitality, Simmons Bank aims to leverage this event to benefit the Snedeker Foundation and other charities in middle Tennessee, contributing over $1 million to local causes since its inception.
Simmons First National Corporation (NASDAQ: SFNC) reported a strong third quarter for 2022, with total revenue of $236.6 million, marking a 5% increase from the previous quarter and a 22% increase year-over-year. The company's net income was $80.6 million, with diluted earnings per share of $0.63. Noteworthy achievements included a 11% reduction in noninterest expenses and the highest pre-provision net revenue in its history at $97.7 million. Despite economic uncertainties, Simmons maintained a strong capital position and continued its tradition of paying dividends.
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