Simmons 1St Natl Corp Stock Price, News & Analysis

Simmons First National Corporation (NASDAQ: SFNC) has scheduled its first quarter 2023 earnings release for April 25, 2023, before the market opens. Management will hold a live conference call at 9:00 a.m. Central Time on the same day to discuss the earnings report, which can be accessed by dialing 1-888-222-5806. The call will be available live and recorded on the company’s website, simmonsbank.com, for at least 60 days. The company, which has paid dividends for 114 consecutive years, operates 230 branches across multiple states, offering comprehensive financial solutions.

Simmons Bank appointed Richard Hughes as executive vice president and treasurer, effective February 14, 2023. Hughes brings over 30 years of experience in treasury management, previously serving at BBVA USA, where he managed treasury functions for a $100 billion asset bank. He will oversee corporate treasury activities at Simmons Bank, including balance sheet management and financial planning. Simmons Bank, a subsidiary of Simmons First National Corporation (NASDAQ: SFNC), has been recognized in Forbes' lists of 'America's Best Banks' and 'World's Best Banks' for consecutive years.

Simmons First National Corporation (NASDAQ: SFNC) reported record earnings for Q4 2022, with a net income of $83.3 million and a diluted EPS of $0.65. Total loans increased by $4.1 billion and total deposits rose by $3.2 billion during 2022, contributing to record revenue of $887.4 million, a 13% year-over-year growth. The company announced a 5% increase in its cash dividend for Q1 2023, marking 114 consecutive years of dividends. Key metrics include a return on average assets of 1.22% and a nonperforming loan ratio of 0.37%. Despite these gains, annual earnings decreased to $256.4 million from $271.1 million in 2021, influenced by prior year's recaptured provisions.

Simmons First National Corporation (NASDAQ: SFNC) has declared a quarterly cash dividend of $0.20 per share on its Class A common stock, marking the 114th consecutive year of dividend payments. This dividend, payable on April 3, 2023, is an increase of 5% from the previous year. The annualized cash dividend rate of $0.80 reflects a ten-year compound annual growth rate of 7%. Simmons is among only 24 U.S. companies that have maintained dividend payments for over 100 years, and it has been recognized as a 'Dividend Contender' for increasing dividends for 12 consecutive years.

Simmons Bank announced that its Round-Up savings program enabled customers to save over $5.2 million in the first eleven months of 2022. With participation from more than 26,500 customers, usage increased by approximately 5% year-over-year, while savings rose by 7%. The program automates savings by rounding debit card transactions to the nearest dollar, depositing the change into savings or checking accounts. This initiative reflects growing financial security among Americans, with recent surveys indicating that only 44% of adults have adequate savings for emergencies.