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 Corporation (NASDAQ: SFNC) reported its first quarter 2023 results, revealing net income of $45.6 million, a decrease from $83.3 million in Q4 2022 and $65.1 million in Q1 2022. Diluted earnings per share fell to $0.36 from $0.65 in the previous quarter. Total revenue reached $223.7 million, down from $237.7 million in Q4 2022 and $187.8 million in Q1 2022. The company recorded a $24.2 million provision for credit losses due to loan growth and updated economic assumptions. The cost of deposits increased to 1.58% as competition for higher-rate products intensified. Despite challenges, Simmons maintains a strong liquidity position with a loan-to-deposit ratio of 74% and continues to exceed regulatory capital guidelines, ensuring stability in a volatile market.
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