Featuring Arkansas alum and 13-time winner on LPGA Tour, Stacy Lewis, and Gameday Social Apparel's Jael Thorpe LITTLE ROCK, Ark., Oct. 17, 2024 /PRNewswire/ -- Tournament officials look to tee off Simmons Bank Championship week with the Women's Leadership Summit presented by Baptist Health, on Monday, October 21 at Pleasant Valley Country Club. The Summit will feature Stacy Lewis, a 13-time winner on the LPGA Tour, as a guest speaker and Jael Thorpe, Founder & CEO of Gameday Social Apparel, as the luncheon ...

Wall Street analysts forecast that Simmons First National (SFNC) will report quarterly earnings of $0.33 per share in its upcoming release, pointing to a year-over-year decline of 15.4%. It is anticipated that revenues will amount to $200.75 million, exhibiting an increase of 2.3% compared to the year-ago quarter. 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 th ...

The market expects Simmons First National (SFNC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 18, 2024, might help the stock move higher if these ...

LITTLE ROCK, Ark., Oct. 10, 2024 /PRNewswire/ -- Two more notable players, Rocco Mediate and David Toms, have declared their intention to compete in the inaugural Simmons Bank Championship, October 21-27, tournament officials announced today. PGA Tour Champions Charles Schwab Playoffs Logo (PRNewsfoto/Simmons Bank)PGA Tour Champions Charles Schwab Playoffs Logo (PRNewsfoto/Simmons Bank) Mediate, 61, won the Constellation FURYK & FRIENDS this past Sunday for his fifth career PGA TOUR Champions title since 20 ...

Women's Leadership Summit and Clinic, Folds of Honor Friday and Razorback Foundation Gameday Tailgate among events planned for tournament week Proud supporting sponsors earn title as "Arkansas Champions" First Tee announced as first nonprofit organization that will benefit from the tournament LITTLE ROCK, Ark., Oct. 1, 2024 /PRNewswire/ -- Officials of the Simmons Bank Championship presented by Stephens announced the schedule for the tournament, along with several exciting activities, at Media Day today. Th ...

PINE BLUFF, Ark., Sept. 30, 2024 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) today announced it is scheduled to release third quarter 2024 earnings prior to the market opening on Friday, October 18, 2024. Management will conduct a live conference call to review this information beginning at 9:00 a.m. Central Time on Friday, October 18. 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 Corporatio ...

Pro Football Hall of Fame members Brett Favre, Ray Lewis and Eric Dickerson Highlight 20th Season of Little Rock Touchdown Club Presented by Simmons Bank LITTLE ROCK, Ark., Aug. 6, 2024 /PRNewswire/ -- Earlier today, the Little Rock Touchdown Club announced its 2024 speaker lineup at a news conference hosted at historic War Memorial stadium. Little Rock Touchdown Club president and Arkansas Sports Hall of Fame inductee David Bazzel announced that Arkansas Razorback Head Coach, Sam Pittman, will kick off the ...

Financial Data and Key Metrics Changes - The net interest margin (NIM) showed a slight increase, with the last three quarters recorded at 2.68%, 2.66%, and 2.69% respectively, indicating a stable or range-bound area for NIM [12][13] - Loan yields increased by 15 basis points quarter-over-quarter, reflecting a trend of rising portfolio yields in the current rate environment [14] - Deposits decreased by $500 million, but the cost of deposits only increased by 4 basis points, a significant slowdown compared to previous quarters [16][17] Business Line Data and Key Metrics Changes - The company experienced a 1% quarter-over-quarter growth in deposits, which is considered a solid performance [15] - The number of customer checking accounts continued to grow year-to-date, contributing positively to the core stable funding [39] Market Data and Key Metrics Changes - The competitive landscape remains challenging, with irrational pricing observed among competitors offering higher rates on CDs than the company's wholesale funding costs [18] - The company is focused on maintaining core relationships and profitable relationships despite the competitive pressures [18] Company Strategy and Development Direction - The company is prioritizing expense discipline and identifying opportunities for cost savings while continuing to invest in the business [24][71] - The focus remains on organic growth through the Better Bank Initiative, with a cautious approach to M&A activities at this time [55][79] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for loan growth, expecting low single-digit growth due to the current rate environment [96][98] - There is a focus on maintaining soundness and profitability rather than chasing loan growth, reflecting a conservative approach in the current economic climate [87][92] Other Important Information - The company is actively evaluating its systems and processes to enhance efficiency and reduce redundancies [25][49] - The management team is optimistic about the potential for future interest rate reductions, which could benefit the company's long-term strategy [90] Q&A Session Summary Question: What contributed to the increase in NIM this quarter? - Management noted that the increase in loan yields and a slowdown in deposit cost increases contributed positively to NIM [12][14][17] Question: What is the company's strategy regarding expenses? - The company is focused on identifying cost-saving opportunities while continuing to invest in talent and systems to enhance efficiency [24][71] Question: How does the company view the current credit environment? - Management indicated that while there are concerns, they feel confident about their credit quality and are proactively managing potential risks [51][76] Question: What is the outlook for loan growth? - The company expects a tepid loan growth outlook, emphasizing the importance of maintaining credit standards and profitability [96][98] Question: How is the company managing its funding strategy? - The strategy involves being opportunistic with wholesale funding while prioritizing loan growth and reducing reliance on wholesale funding [59][61]

Simmons First National (SFNC) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's comme ...

Exhibit 99.1 Bob Fehlman, Simmons' Chief Executive Officer, commented on second quarter 2024 results: Credit quality trends in the quarter were also positive, with nonperforming loans and past due loans decreasing from first quarter levels. While we continue to operate against a backdrop of uncertainty concerning slower economic growth and the timing of lower interest rates, we are comforted by our strong capital and liquidity positions. And given the liability sensitivity of our balance sheet, we believe w ...