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.
Simmons First National Corporation (NASDAQ: SFNC), a regional financial institution with roots dating to 1903, maintains this dedicated news hub for stakeholders tracking its strategic developments. This page consolidates official announcements including quarterly earnings, merger activity, leadership updates, and regulatory filings.
Investors access time-sensitive information about SFNC's loan portfolio performance, dividend declarations, and expansion initiatives across Arkansas and neighboring states. Analysts find detailed disclosures about asset quality metrics, capital adequacy ratios, and interest margin trends essential for modeling this regional banking operator.
All content originates from verified corporate communications and SEC filings, ensuring reliability for research and reporting needs. Bookmark this page for streamlined monitoring of SFNC's operational milestones within the competitive Mid-South banking landscape.
Simmons First National Corp. (NASDAQ: SFNC) announced a quarterly cash dividend of $0.17 per share, payable on January 5, 2021, to shareholders of record as of December 15, 2020. This marks a 6.3% increase from last year’s dividend. As of September 30, 2020, the company's total consolidated assets were approximately $21.4 billion, reflecting its robust financial position. Simmons First operates across several states including Arkansas, Illinois, and Texas, providing a wide range of financial services.
Simmons First National Corporation (Nasdaq: SFNC) has resumed its stock repurchase program originally authorized in October 2019, allowing for repurchases up to $180 million. As of October 22, 2020, the Company has repurchased approximately $103.4 million of its Class A common stock, leaving $76.6 million available. Management will decide the timing and amount of future repurchases based on market conditions and corporate needs. The program is set to terminate on October 31, 2021, unless modified or suspended earlier.
Simmons First National Corporation (NASDAQ: SFNC) reported a net income of $65.9 million for Q3 2020, down 19.5% from $81.8 million year-over-year. Diluted earnings per share also fell to $0.60, a decrease of 28.6%. Core earnings declined to $68.3 million, reflecting an 18.6% decrease from a year ago. The company originated about 8,200 loans under the Paycheck Protection Program, totaling $970.5 million. Total loans were $14.0 billion, a 7.8% increase year-over-year, but decreased 4.0% from Q2. Total deposits rose 20.6% year-over-year to $16.2 billion.
Simmons Bank has launched the first phase of credit and debit card integration via Jack Henry's Banno software, enhancing its mobile app functionality. The integration allows customers to manage credit card transactions and payment due dates starting October 6, 2020, with full capabilities expected in 2021. This development is part of Simmons' Next Generation Bank initiative, a $100 million investment in technology aimed at improving digital banking services. The bank experienced over 30% growth in mobile and online banking usage during Q2 and Q3 of 2020 due to its digital focus.
Simmons First National Corp. (NASDAQ: SFNC) announced it will release its third quarter 2020 earnings before market opening on October 19, 2020. A conference call will follow at 9:00 a.m. CDT, allowing stakeholders to review earnings details. The conference call can be accessed toll-free in the U.S. and Canada at 1-866-298-7926, with conference ID 6533868. As of June 30, 2020, the company reported total assets of approximately $21.9 billion, conducting financial operations across several states including Arkansas, Illinois, and Texas.
Simmons Bank has been recognized as a top employer in Arkansas for the third consecutive year by Arkansas Business. The award highlights Simmons and 46 other companies for their positive impact on the state's economy and workforce. To qualify, companies completed a two-part survey assessing workplace policies and employee experiences, with the latter accounting for 75% of the score. CEO George Makris Jr. emphasized their commitment to employees through various benefits and leadership programs. This recognition follows Simmons being named a "Best-in-State Employer" by Forbes in August 2020.
Simmons First National Corporation (NASDAQ: SFNC) will host a live conference call on August 31, 2020, at 9:00 a.m. CDT to discuss updates on its COVID-19 loan modification program. The call can be accessed at 1-866-298-7926 or via live webcast on the company’s website. As of June 30, 2020, the company reported total consolidated assets of approximately $21.9 billion, offering financial services across multiple states.
Simmons First National Corporation (NASDAQ: SFNC) reported a net income of $58.8 million for Q2 2020, up 5.7% from $55.6 million in Q2 2019. Diluted EPS decreased to $0.54, down 6.9% year-over-year. Core earnings were $60.1 million, reflecting an 8.1% decline compared to the previous year's $65.5 million. Total loans grew 11.3% to $14.6 billion due to the Landrum merger, while total deposits rose 22.9% to $16.6 billion. The efficiency ratio improved to 49.12%.
Simmons First National Corp. (NASDAQ: SFNC) will release its second-quarter 2020 earnings on July 21, 2020, before the market opens. A conference call will follow at 9:00 a.m. CDT for management to discuss the results, accessible by dialing 1-866-298-7926 or through the company's website.
As of March 31, 2020, Simmons First National Corp. reported total assets of approximately $20.8 billion, operating in several states including Arkansas, Illinois, and Texas, offering a variety of client-focused financial solutions.
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