Simmons 1St Natl Corp Stock Price, News & Analysis

Simmons First National Corporation (NASDAQ: SFNC) reported a net income of $27.5 million for Q2 2022, a significant decrease from $65.1 million in Q1 2022 and $74.9 million in Q2 2021. Diluted EPS was $0.21, down from $0.58 in Q1 2022. The quarter was affected by merger-related costs of $19.1 million due to the acquisition of Spirit of Texas Bancshares. However, revenue increased by 20% linked quarter, driven by net interest income growth. Total loans rose 26% to $15.1 billion, with strong capital ratios supporting further growth.

Simmons First National Corporation (NASDAQ: SFNC) has declared a quarterly cash dividend of $0.19 per share, payable on October 3, 2022, to shareholders of record as of September 15, 2022. This marks a 6% increase from last year's dividend. The annualized rate stands at $0.76, with a ten-year compound annual growth rate of 7%. Simmons has paid dividends for 113 consecutive years, with only 23 U.S. companies achieving a similar record. The bank was recognized by Forbes as one of “America’s Best Banks” for the second consecutive year.

Simmons First National Corporation (NASDAQ: SFNC) is set to release its second quarter 2022 earnings on July 21, 2022, before market opening. A live conference call will be held at 9:00 a.m. CT to discuss the earnings. Interested parties can join the call by dialing 1-877-270-2148. The company has a strong history of paying cash dividends for 113 consecutive years and operates over 200 branches across multiple states in the U.S.

Simmons Bank was recognized in Forbes' list of “America’s Best Banks” and “World’s Best Banks” in 2022.

Simmons First National Corporation (NASDAQ: SFNC) reported Q1 2022 net income of $65.1 million ($0.58 per share), down from $67.4 million in Q1 2021. Core earnings rose to $67.2 million ($0.59 per share). Newly funded loans reached $2.5 billion, exceeding paydowns, while total deposits remained stable at $19.4 billion. The commercial loan pipeline grew to $2.4 billion, marking the sixth quarter of increased activity. Regulatory capital ratios exceed guidelines, with a CET1 ratio of 13.52%. Post-quarter, the acquisition of Spirit of Texas Bancshares was completed, enhancing Simmons' Texas presence.

Simmons First National Corporation (NASDAQ: SFNC) has declared a quarterly cash dividend of $0.19 per share, representing a 6% increase from last year. This dividend is payable on July 5, 2022, to shareholders on record as of June 15, 2022. With this, the company showcases a robust track record of 113 consecutive years of returning capital to shareholders through dividends. The annualized cash dividend rate is $0.76 per share, reflecting a 7% compound annual growth rate over the past ten years.

Simmons Bank has been recognized as one of the "World's Best Banks" by Forbes for the third consecutive year, a distinction achieved through evaluations of 45,000 banking customers across 27 countries.

This award reflects customer trust in Simmons Bank's financial products and exceptional service. The bank has also received other accolades, including "America's Best Bank 2022" and prior mentions in Forbes’ lists from previous years.

Simmons Bank operates around 200 branches across multiple states and has a 119-year history in delivering client-centric financial solutions.

Simmons First National Corp. (NASDAQ: SFNC) has completed its acquisition of Spirit of Texas Bancshares (effective April 8, 2022), significantly increasing its presence in Texas.

This deal doubles Simmons' size in Texas, adding approximately $4.8 billion in loans and $4.9 billion in deposits. Simmons now has about $28 billion in assets and 57 branches in the Texas Triangle, enhancing its market reach. The merger aligns with Simmons' strategy to bolster shareholder value through an expanded product and service offering in growing markets.

Simmons First National Corp. (NASDAQ: SFNC) will disclose its first quarter 2022 earnings on April 28, 2022, before market opening. The management has scheduled a live conference call at 9:00 a.m. CDT that day. Interested listeners can join by dialing 1-866-298-7926. The call will also be accessible live and recorded on the company’s website, with playback available for 60 days. Simmons First National operates approximately 200 branches across six states and was recognized in 2022 by Forbes as one of "America’s Best Banks."

Simmons First National Corporation (NASDAQ: SFNC) has received approval from the Federal Reserve Bank of St. Louis for its acquisition of Spirit of Texas Bank SSB. This strategic move aims to enhance Simmons' presence in key Texas markets including Houston, Austin, San Antonio, and College Station. The transaction, approved by both companies' boards, is expected to close in Q2 2022, pending regulatory and shareholder approvals. The merger will expand Simmons’ product offerings and digital capabilities, positioning it for increased growth in Texas.