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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 000-06253 SIMMONS FIRST NATIONAL CORPORATION (Exact name of registrant as specified in its charter) Arkansas 71-0407808 ( ...

LITTLE ROCK, Ark., July 25, 2024 /PRNewswire/ -- Tickets for the Simmons Bank Championship presented by Stephens—a PGA TOUR Champions playoff event—will go on sale to the public today at 9 a.m. Central Time. For a complete listing of ticket options or to purchase tickets, please visit the tournament website at simmonsbankchampionship.com. "Excitement surrounding the Simmons Bank Championship presented by Stephens is growing by the day and we're pleased that golf enthusiasts and people looking for a family-f ...

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]

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Efficiency Ratio: 68.4% versus the two-analyst average estimate of 68.3%. Net Interest Margin: 2.7% versus the two-analyst average estimate of 2.7%. Total interest earning assets (FTE) - Average Balance: $23.96 billion versus $23.93 billion estimated by two analysts on ave ...

Nasdaq: SFNC2nd Quarter 2024 Earnings Presentation In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets, and presents certain other figures to include the effect that accumulated other comprehensive income could have on the Company's capital levels . The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through ...

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 ...

PINE BLUFF, Ark., July 24, 2024 /PRNewswire/ -- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------|-----------|-----------|-----------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Financial Highlights 2Q24 1Q24 2Q23 | | | | | positions. And given the liability sensitivity of our balance sheet, we believe we are well-posit ...

The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This bank holding company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -35.4%. Revenues are expected to be $197.3 million, down 5.2% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for ...