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 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.
Simmons First National Corporation has declared a quarterly cash dividend of $0.19 per share, payable on April 4, 2022, to shareholders on record as of March 15, 2022. This marks a 6% increase from the previous year’s dividend. With a current annualized cash dividend rate of $0.76 per share, Simmons boasts a 113-year history of returning capital to shareholders. The company has achieved a 7% compound annual growth rate in dividends over the last decade, positioning it alongside established brands like Coca Cola and Procter & Gamble.
Simmons First National Corporation (NASDAQ: SFNC) reported record net income of $271.2 million for 2021, a 6 percent increase from 2020. Diluted EPS rose to $2.46, reflecting strong operational performance despite merger-related costs. Newly funded loans topped $2.6 billion in Q4, with a 31% surge in unfunded commitments. A new $175 million share repurchase program was authorized, alongside a 6 percent increase in cash dividends. Total deposits climbed to $19.4 billion, up $2.4 billion year-over-year, signaling robust growth and acquisition success.
Simmons First National Corp. (NASDAQ: SFNC) will announce its fourth quarter 2021 earnings on January 27, 2022, prior to market opening. A live conference call will be held at 9:00 a.m. CDT the same day, accessible via toll-free number 1-866-298-7926. The call will also be available on their website for at least 60 days. Simmons Bank, the company's principal subsidiary, operates over 200 financial centers across six states and has been recognized by Forbes as one of the 'World’s Best Banks' for two consecutive years.
Simmons Bank has initiated a pioneering sponsorship program aimed at supporting female student-athletes across ten universities, including Arkansas State and Oklahoma State. This unique initiative focuses on customized programming, financial education, and career development opportunities. It is believed to be the first of its kind, covering all women's athletic teams at each university. Simmons Bank's commitment underscores the correlation between athletic participation and career success, as highlighted by findings from a study linking sports to business leadership.
Simmons Bank has announced a lease agreement with the Urban League of Metropolitan Saint Louis to establish a new full-service branch at the ULSTL headquarters, located at 1408 North Kingshighway. Construction is set to begin in early 2022, with completion expected by summer 2022. This 2,567 square-foot branch will offer a range of banking services and include a drive-thru lane and ATM. The initiative aims to support under-banked residents and small businesses in North St. Louis, enhancing economic opportunities in the community.
Simmons First National Corporation has announced a definitive merger agreement to acquire Spirit of Texas Bancshares for an estimated $581 million. The transaction involves a mix of cash and Simmons' common stock, with about 18.3 million shares to be issued, translating to approximately 1.02 shares of Simmons stock per Spirit share. The exchange ratio is contingent on various conditions, including the number of outstanding shares and the price of Simmons stock at closing, set at $31.73 as of November 17, 2021.
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