Group 1 - Simmons First National Corporation is scheduled to release its first quarter 2025 earnings on April 16, 2025, after market closing [1] - A live conference call will be held on April 17, 2025, at 7:30 a.m. Central Time to discuss the earnings [1] - Interested parties can access the call by dialing a toll-free number or through the company's website, where a recorded version will be available for at least 60 days [1] Group 2 - Simmons First National Corporation has paid cash dividends to shareholders for 116 consecutive years [2] - The principal subsidiary, Simmons Bank, operates over 220 branches across several states including Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas [2] - Simmons Bank has received multiple recognitions in 2024, including being named one of America's Best Regional Banks 2025 by Newsweek and one of the Best Companies to Work For in the South by U.S. News & World Report [2]

Core Viewpoint - Simmons First National (SFNC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with stock price movements, making it a valuable tool for investors [2][4]. - The recent upgrade reflects an improvement in Simmons First National's earnings outlook, likely leading to a favorable impact on its stock price [3][5]. Earnings Estimate Revisions - Simmons First National is projected to earn $1.59 per share for the fiscal year ending December 2025, representing a year-over-year increase of 12.8% [8]. - Over the past three months, the Zacks Consensus Estimate for the company has risen by 1.1%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 2 places Simmons First National in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Company Overview - Simmons First National (SFNC) is headquartered in Pine Bluff and operates in the Finance sector [3] - The stock has experienced a price decline of 5.82% since the beginning of the year [3] Dividend Information - SFNC currently pays a dividend of $0.21 per share, resulting in a dividend yield of 4.07%, which is significantly higher than the Banks - Southeast industry's yield of 2.4% and the S&P 500's yield of 1.58% [3] - The annualized dividend of $0.85 has increased by 1.2% from the previous year, with a five-year average annual increase of 5.21% [4] - The current payout ratio for SFNC is 60%, indicating that 60% of its trailing 12-month earnings per share (EPS) is distributed as dividends [4] Earnings Growth - The Zacks Consensus Estimate for SFNC's earnings in 2025 is projected at $1.59 per share, reflecting a year-over-year earnings growth rate of 12.77% [5] Investment Appeal - SFNC is considered a compelling investment opportunity due to its attractive dividend yield and strong Zacks Rank of 2 (Buy) [7] - The company is positioned well for income investors, especially in contrast to tech start-ups and growth businesses that typically do not offer dividends [6][7]

Core Points - Simmons Bank has opened a new regional office in Jonesboro, Arkansas, to enhance its service to the community and local businesses in Northeast Arkansas [1][3] - The new financial center spans 19,790 square feet and includes a full-service branch with four drive-thru lanes and an ATM with deposit capabilities [3] - Simmons Bank operates approximately 64 full-service branches in Arkansas and a total of 222 branches across six states in the Mid-South [1][4] Company Overview - Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation, which has been in operation since 1903 and has paid cash dividends for 116 consecutive years [5] - The bank has nearly 3,000 associates and offers a comprehensive range of financial solutions with a client-centric approach [4][5] - In 2024, Simmons Bank received multiple recognitions, including being named one of America's Best Regional Banks 2025 by Newsweek and one of the Best Companies to Work For in the South by U.S. News & World Report [5]

Core Insights - Simmons Bank has appointed Leasa Melton as the community division director of payment product and sales strategy, focusing on the development and implementation of payment products [1] - Leasa Melton brings over 20 years of banking experience, previously serving as vice president of product strategy at a regional financial services company [1] - Simmons Bank has a strong reputation, having been recognized by various publications for its services and workplace environment [3] Company Overview - Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation, operating 222 branches across multiple states [3] - The bank has a long history, founded in 1903, and has paid cash dividends for 116 consecutive years [3] - In 2024, Simmons Bank received accolades from Newsweek, U.S. News & World Report, and Forbes for its regional banking services and workplace culture [3]

Financial Performance - Net income available to common shareholders for the year ended December 31, 2024, was $152.7 million, or $1.21 diluted earnings per share, compared to $175.1 million, or $1.38 diluted earnings per share for 2023[217]. - Adjusted earnings for the year ended December 31, 2024, were $177.9 million, or $1.41 adjusted diluted earnings per share, compared to $207.7 million, or $1.64 adjusted diluted earnings per share in 2023[217]. - Included in 2024 results were $25.2 million of certain items, net of tax, primarily related to the loss on sale of securities, a FDIC special assessment, and branch right-sizing initiatives[217]. - Included in 2023 results were $32.7 million of certain items, net of tax, primarily related to early retirement program costs, loss on sale of securities, a FDIC special assessment, and branch right-sizing initiatives[217]. Assets and Liabilities - As of December 31, 2024, Simmons First National Corporation had total consolidated assets of $26.88 billion, total consolidated loans of $17.01 billion, total consolidated deposits of $21.89 billion, and equity capital of $3.53 billion[18]. - As of December 31, 2024, the company owned $6.17 billion in investment securities, including $3.64 billion in held-to-maturity securities and $2.53 billion in available-for-sale securities[116]. - As of December 31, 2024, the company's total investment in the Federal Home Loan Bank of Dallas was $56.2 million[101]. Acquisitions and Growth Strategy - The company has completed 21 whole bank acquisitions since 1990, including the acquisition of Reliance Bancshares, Inc. in April 2019, which added approximately $1.5 billion in assets and 22 branches[27]. - In October 2019, the acquisition of The Landrum Company added approximately $3.4 billion in assets and strengthened the company's position in Missouri, Oklahoma, and Texas[28]. - The acquisition of Landmark Community Bank and Triumph Bancshares in October 2021 provided a combined total of $1.82 billion in assets, enhancing the company's footprint in Tennessee[29]. - The acquisition of Spirit of Texas Bancshares in April 2022 added approximately $3.1 billion in assets, further strengthening the company's position in Texas[30]. - The company focuses on organic growth opportunities in addition to considering strategic merger and acquisition opportunities[31]. Regulatory Compliance and Capital Management - The Company is required to maintain "well-capitalized" and "well-managed" status for its bank subsidiaries as defined by the FRB[48]. - The Basel III Capital Rules require a minimum common equity Tier 1 (CET1) capital ratio of 4.5% and a capital conservation buffer of 2.5%[66]. - Under the fully-phased in Basel III Capital Rules, the minimum ratios including the capital conservation buffer are CET1 to risk-weighted assets of at least 7.0%, Tier 1 capital to risk-weighted assets of at least 8.5%, and total capital to risk-weighted assets of at least 10.5%[70]. - As of December 31, 2024, Simmons Bank was classified as "well capitalized" based on the capital ratios established by the Basel III Capital Rules[73]. - The company is required to maintain a total risk-based capital ratio of at least 10% to be considered well capitalized[12]. Risk Management - The effectiveness of the company's risk management framework is uncertain, and any flaws could lead to unexpected losses and regulatory scrutiny[151]. - The company maintains a risk management framework that includes oversight of third-party service providers to mitigate cybersecurity risks[186]. - The company is subject to fraud risks, including deposit and loan fraud, which could materially impact its business and results of operations[149]. - The company faces significant competition for acquisition candidates, which may hinder its ability to identify and acquire suitable targets on acceptable terms[144]. Employee and Operational Insights - As of December 31, 2024, the company had approximately 2,946 full-time equivalent associates, with no labor disputes reported[43]. - The company has implemented extensive training and development programs for associates to enhance skills and promote from within[41]. - The Company conducts financial operations from approximately 222 financial centers located in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas[192]. Market and Economic Conditions - The company is vulnerable to economic conditions in the states it operates, which could affect loan repayment and collateral values[137]. - Continued inflationary pressures could increase operating costs for both the company and its borrowers, potentially leading to higher default rates[136]. - A significant portion of the loan portfolio includes commercial real estate and industrial loans, which present heightened lending risks due to their reliance on economic conditions[128]. Cybersecurity and Information Security - Cybersecurity threats are increasing, and the company has implemented a comprehensive information security program to manage these risks[188]. - The Company has established an information technology committee that receives regular reports concerning the information security program and cybersecurity matters[190]. - The Company’s board of directors has approved various information security-related policies, including the Acceptable Use Policy and Information Security Policy[189]. Shareholder and Stock Information - The Company has a stock repurchase program under which it may repurchase up to $175.0 million of its Class A Common Stock[199]. - The 2024 stock repurchase program has replaced the 2022 program, which was set to terminate on January 31, 2024[199]. - The performance graph indicates that the cumulative total shareholder return on the Company's Common Stock was 99.47 as of December 31, 2024, compared to 100.00 on December 31, 2019[204].

Core Points - Simmons First National Corporation has declared a quarterly cash dividend of $0.2125 per share, marking a 1% increase from the previous year [1] - The annualized cash dividend rate of $0.85 for 2025 reflects a ten-year compound annual growth rate of 6% and signifies the 116th consecutive year of cash dividends [2] - Simmons is recognized as one of only 26 U.S. publicly traded companies that have paid dividends for over 100 years, and it has increased its dividend for 14 consecutive years, earning the title of "Dividend Contender" [2] - Simmons Bank operates 222 branches across several states and has received multiple accolades, including recognition as one of America's Best Regional Banks by Newsweek [3]

Simmons First National Corporation (NASDAQ:SFNC) Q4 2024 Results Conference Call January 22, 2025 8:30 AM ET Company Participants Ed Bilek - Director, Investor Relations Jay Brogdon - President Daniel Hobbs - CFO George Makris - Chairman & CEO Conference Call Participants Woody Lay - KBW Matt Olney - Stephens David Feaster - Raymond James Gary Tenner - D.A. Davidson Stephen Scouten - Piper Sandler Operator Good morning, and welcome to the Simmons First National Corporation Fourth Quarter Earnings Conference ...

Simmons First National (SFNC) reported $208.5 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 17.4%. EPS of $0.39 for the same period compares to $0.40 a year ago.The reported revenue represents a surprise of +2.26% over the Zacks Consensus Estimate of $203.9 million. With the consensus EPS estimate being $0.35, the EPS surprise was +11.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectatio ...

Simmons First National (SFNC) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.43%. A quarter ago, it was expected that this bank holding company would post earnings of $0.33 per share when it actually produced earnings of $0.37, delivering a surprise of 12.12%.Over the last four qu ...