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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 Bank has been named one of the '2024-2025 Best Companies to Work For in the South' by U.S. News & World Report. The recognition highlights Simmons Bank's top ranking in stability and professional development. 549 companies were evaluated across various criteria including pay and benefits quality, work-life balance, and job stability. This accolade is based on metrics and employee sentiment from the Russell 3000 index, with data gathered from partners such as Revelio Labs and Good Jobs First. Simmons Bank, a subsidiary of Simmons First National (NASDAQ: SFNC), operates 233 branches across six states and has a long history of paying cash dividends.
Simmons Bank celebrated the opening of its new financial center in Memphis' Binghampton area on May 22, 2024. The 2,133-square-foot center, located at 510 Tillman St, features a full-service branch with an ATM that has deposit capabilities. This new center aims to provide a range of services including personal, commercial, mortgage lending, and wealth management. Simmons Bank operates 11 branches in the Memphis metro area and 233 branches across six states, ranking as the 9th largest bank in Tennessee based on deposit market share. The company, which has a history of paying cash dividends for 115 years, is a subsidiary of Simmons First National (NASDAQ: SFNC). Founded in 1903, Simmons Bank has been recognized by Forbes as one of 'America's Best Midsize Employers' and among the 'World's Best Banks' for four consecutive years.
Simmons Bank has announced a $1.25 million investment to support Southern Bancorp Community Partners' Minority Business Empowerment Program (MBEP) in central Arkansas. This includes a 10-year, $1 million Equity Equivalent (EQ2) investment and a $250,000 grant for technical assistance to minority entrepreneurs. The MBEP, launched in 2021, offers a 12-week program focusing on seven key business disciplines, preparing participants to secure funding for growth and scalability. The initiative aims to provide low-cost capital and technical support to minority businesses, fostering economic empowerment and prosperity.
Stephens Inc. has been announced as the presenting sponsor of the Simmons Bank Championship, a PGA TOUR Champions tournament held at Pleasant Valley Country Club in Little Rock, Arkansas. The event will take place from Oct. 21-27, 2024, as part of the Charles Schwab Cup Playoffs with a prize money of $2.3 million. Stephens Inc.'s support aims to enhance player, volunteer, and attendee experience, while benefiting various charitable organizations in Arkansas. The sponsorship agreement will last for five years, solidifying a long-term partnership.
The Simmons Bank Open for the Snedeker Foundation has relocated to Vanderbilt Legends Club in Tennessee, with a five-year partnership announced by the Korn Ferry Tour. The tournament will be held from 2024-2028, with the 2024 event scheduled for September 12-15. Vanderbilt University's Legends Club will host the tournament, showcasing a world-class golf event on its exceptional course. Brandt Snedeker's foundation will benefit from the tournament, supporting various charities in middle Tennessee.
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