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 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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