Financial Performance - Net income for Q4 2024 was $48.3 million, up from $24.7 million in Q3 2024 and $23.9 million in Q4 2023, with diluted EPS of $0.38[5] - Total revenue for Q4 2024 reached $208.5 million, compared to $174.8 million in Q3 2024 and $177.6 million in Q4 2023[4] - Adjusted total revenue for Q4 2024 was $208.5 million, with adjusted pre-provision net revenue (PPNR) of $69.2 million[4] - Noninterest income for Q4 2024 was $43.6 million, significantly higher than $17.1 million in Q3 2024 and $22.0 million in Q4 2023[11] - Net interest income for Q4 2024 totaled $164.9 million, compared to $157.7 million in Q3 2024 and $155.6 million in Q4 2023[8] - Basic earnings per share for Q4 2024 were $0.38, up from $0.20 in Q3 2024, marking an increase of 90.0%[37] - Adjusted earnings for Q4 2024 were $49,634,000, compared to $46,005,000 in Q3 2024 and $50,215,000 in Q4 2023[48] - Net income for the year-to-date reached $152,693,000, a significant increase from $104,374,000 in the previous quarter[50] Asset and Loan Management - Total loans decreased to $17,006 million in Q4 2024 from $17,336 million in Q3 2024[4] - Total loans at the end of Q4 2024 were $17.0 billion, a decrease from $17.3 billion in Q3 2024 and an increase from $16.8 billion in Q4 2023[16] - Net loans decreased to $16,770,918 as of December 31, 2024, from $17,102,817 as of September 30, 2024, reflecting a decline of approximately 1.9%[36] - Average total loans for Q4 2024 were $17,212,034,000, reflecting a stable loan portfolio[53] Deposit Trends - Total deposits were $21,886 million in Q4 2024, slightly down from $21,935 million in Q3 2024[4] - Total deposits at the end of Q4 2024 were $21.9 billion, slightly down from $21.935 billion in Q3 2024, with a notable decline in time deposits and brokered deposits[18] - Total deposits were $21,885,750 as of December 31, 2024, down from $21,935,434 as of September 30, 2024, indicating a decrease of about 0.2%[36] Credit Quality and Losses - The allowance for credit losses to loans ratio was 1.38% at the end of Q4 2024, compared to 1.35% in Q3 2024[4] - Provision for credit losses totaled $13.3 million in Q4 2024, compared to $12.1 million in Q3 2024 and $10.0 million in Q4 2023, indicating a normalization of the credit environment[20] - Total nonperforming loans at the end of Q4 2024 were $110.7 million, up from $101.7 million in Q3 2024 and $84.5 million in Q4 2023[22] - The net charge-off ratio for Q4 2024 was 0.27%, compared to 0.22% in Q3 2024 and 0.11% in Q4 2023, indicating an increase in credit losses[21] - Total loans charged off for the quarter ended December 31, 2024, were $12,740 thousand, compared to $10,662 thousand in the previous quarter, representing an increase of 19.5%[42] Efficiency and Ratios - The efficiency ratio improved to 65.66% in Q4 2024 from 75.70% in Q3 2024, reflecting better operational efficiency[15] - The tangible common equity ratio was 8.3% at the end of Q4 2024, up from 8.2% in Q3 2024 and 7.7% in Q4 2023[25] - The total risk-based capital ratio improved to 14.61% in Q4 2024, compared to 14.25% in Q3 2024[38] - The equity to assets ratio improved to 13.13% in Q4 2024, compared to 12.94% in Q3 2024[38] Future Outlook - The company is cautiously optimistic about 2025, monitoring factors such as inflation, interest rates, and regulatory changes[2] - Forward-looking statements indicate potential growth in lending capacity and digital banking initiatives, but are subject to various risks and uncertainties[34] Stockholder Information - Total stockholders' equity at the end of Q4 2024 was $3.5 billion, an increase of $102.4 million from $3.4 billion in Q4 2023[24] - The company did not repurchase shares during Q4 2024, with remaining authorization under the stock repurchase program at approximately $175 million[27] - Cash dividends declared per common share increased to $0.210 in Q4 2024, compared to $0.200 in Q4 2023[44] - The tangible book value per common share increased to $16.80 from $15.92 year-over-year[52]

PINE BLUFF, Ark., Jan. 21, 2025 /PRNewswire/ --George Makris, Jr., Simmons' Chairman and Chief Executive Officer, commented on the quarterly results:Simmons' fourth quarter results were encouraging as we head into 2025.  Profitability trends improved and should be a good foundation from which to build. While we are cautiously optimistic as we enter the new year, we are also watching several factors that could impact us in 2025: a new administration and how its policies affect domestic growth; inflation and ...

Analysts on Wall Street project that Simmons First National (SFNC) will announce quarterly earnings of $0.35 per share in its forthcoming report, representing a decline of 12.5% year over year. Revenues are projected to reach $203.9 million, increasing 14.8% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefram ...

PINE BLUFF, Ark., Dec. 30, 2024 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) today announced it is scheduled to release fourth quarter 2024 earnings after the market closing on Tuesday, January 21, 2025.  Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Wednesday, January 22. Interested parties can listen to the call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporati ...

Simmons Bank Round-Up program streamlines saving for customers  LITTLE ROCK, Ark., Dec. 18, 2024 /PRNewswire/ -- Simmons Bank announced today its automatic savings program, Round-Up, allowed customers to save nearly $5.5 million during the first eleven months of 2024. More than 25,000 customers utilized the program during this period. According to a Bankrate survey released earlier this year, 59 percent of U.S. adults are uncomfortable with the amount of emergency savings they currently have and 27 percent ...

CLEVELAND, Tenn., Dec. 11, 2024 /PRNewswire/ -- Simmons Bank hosted a grand opening ceremony to celebrate the latest Cleveland financial center located at 86 Stuart Road Northeast. Simmons Bank operates more than 45 full-service branches throughout Tennessee."We are excited to open our new branch in the Cleveland community," said Shayne Whaley, community regional executive for Simmons Bank. "This newest branch is a testament to our commitment to investing in the growth and prosperity of the communities we s ...

FRANKLIN, Tenn., Nov. 26, 2024 /PRNewswire/ -- Simmons Bank hosted a ribbon-cutting ceremony to celebrate the grand opening of its newest Franklin financial center located at 3000 Mallory Lane. Simmons Bank operates more than 45 full-service branches throughout Tennessee. Simmons Bank Mallory Lane Grand Opening "We are thrilled to open our new branch, which represents a significant investment in the future of the Franklin community," said Paul Craig, commercial regional executive for Simmons Bank. "By ...

Group 1 - Simmons First National Corporation has declared a quarterly cash dividend of $0.21 per share, marking a 5 percent increase from the previous year [1] - The annual cash dividend rate for 2024 is $0.84, reflecting a ten-year compound annual growth rate of 6 percent [2] - Simmons is recognized as one of only 26 U.S. publicly traded companies that have paid dividends for over 100 consecutive years [2] Group 2 - Simmons First National Corporation operates 234 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas [3] - The company has been acknowledged by U.S. News & World Report as one of the Best Companies to Work For in the South for 2024-2025 [3] - Simmons Bank has also received accolades from Forbes as one of America's Best-In-State Banks in Tennessee and Best-In-State Employers in Missouri for 2024 [3]

Core Points - CEO Bob Fehlman will retire at the end of 2024, transitioning to an advisory role in early 2025 [1] - George Makris, Jr. will take over as Chairman and CEO effective January 1, 2025, having previously held the CEO position from 2014 to 2022 [1][2] - Christopher Van Steenberg has been appointed as Chief Operating Officer, bringing over 25 years of experience in the financial services industry [3][4] Company Overview - Simmons First National Corporation (NASDAQ: SFNC) is a financial holding company based in the Mid-South, operating 234 branches across several states [6] - The company has a long history of paying cash dividends for 115 consecutive years [6] - Simmons Bank has received recognition as one of the Best Companies to Work For in the South and as one of America's Best-In-State Banks in Tennessee and Missouri for 2024 [6]

Investors are always looking for stocks that are poised to beat at earnings season and Simmons First National Corporation (SFNC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Simmons First National is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date informatio ...