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.
The SFNC news page on Stock Titan provides a focused view of recent developments at Simmons First National Corporation, a Mid-South based financial holding company whose principal subsidiary is Simmons Bank. As a commercial banking organization with a long history of dividend payments and a multi-state branch network, Simmons generates frequent news related to its banking operations, capital actions and corporate governance.
Visitors can review company-issued press releases covering topics such as quarterly earnings announcements, conference call schedules and financial performance updates. Recent communications have included details on third quarter results, balance sheet repositioning, and the timing of upcoming earnings releases and investor calls. The company’s disclosures also highlight its long record of paying cash dividends, including board decisions on quarterly dividend declarations and information about dividend growth over time.
News items further describe Simmons First National Corporation’s capital markets activities, including underwritten public offerings of Class A common stock and the pricing of fixed-to-floating rate subordinated notes, along with the intended use of proceeds for repaying existing subordinated notes and general corporate purposes. Corporate news has also addressed leadership transitions, such as the planned retirement of the chairman and chief executive officer and the appointment of a new president and chief executive officer, as well as executive benefit plan updates.
In addition, company releases reference Simmons Bank’s recognition in third-party rankings and its role in sponsored events, providing context on brand visibility and community engagement. By following the SFNC news feed, investors and observers can monitor how Simmons communicates its financial results, strategic balance sheet actions, funding decisions and leadership changes over time.
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.
Simmons First National Corporation (NASDAQ: SFNC) declared a quarterly cash dividend of $0.20 per share, marking a 5% increase from the previous year. The dividend is payable on July 3, 2023, to shareholders of record as of June 15, 2023. This represents an annual cash dividend rate of $0.80 for 2023, reflecting a ten-year compound annual growth rate of 7%. Simmons has paid dividends for 114 consecutive years and is among only 24 U.S. publicly traded companies to achieve this milestone. The company has increased its dividend for the 12th consecutive year, earning recognition as a Dividend Contender for its sustained growth in dividends.
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.
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