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Simmons First National Corporation reports developments for a Mid-South financial holding company whose principal subsidiary, Simmons Bank, provides commercial and consumer banking across Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Recurring updates center on quarterly earnings, net interest margin, loan and deposit growth, credit quality, branch and expense actions, and fee businesses such as wealth management and debit and credit card services.
Company news also covers Simmons Bank product initiatives, private banking and wealth management activity, executive appointments, quarterly cash dividends, and common-stock repurchase authorizations. These items reflect the bank's balance sheet management, capital returns, customer banking services, and regional market operations.
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.
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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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