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 ...

Group 1 - Simmons Bank has opened a new financial center in Franklin, Tennessee, located at 3000 Mallory Lane, marking a significant investment in the local community [1][2] - The new branch spans nearly 3,000 square feet and includes a full-service branch and a drive-up ATM with quick deposit capabilities, aimed at enhancing financial services for customers [2] - The opening of the branch is expected to support local businesses, create jobs, and help individuals achieve a more secure financial future [2] Group 2 - Simmons Bank operates over 234 branches across multiple states including Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas, and has a long history dating back to its founding in 1903 [4] - The bank has been recognized for its workplace culture and service quality, being named one of the Best Companies to Work For in the South by U.S. News & World Report and one of America's Best-In-State Banks in Tennessee by Forbes in 2024 [4]

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]

Financial Data and Key Metrics Changes - The company reported a net interest margin (NIM) of 2.74% for the quarter, with expectations of a notable inflection towards 3% in the latter half of next year, contingent on the Federal Reserve's actions [26][29] - Deposit costs peaked at 2.81% in June, subsequently decreasing to 2.75% in September following a 50 basis point rate cut [7][8] - The company anticipates maintaining a return on assets (ROA) target of around 1% in the near term, with longer-term goals set at 1.25% or greater [29] Business Line Data and Key Metrics Changes - The company has been actively managing its bond portfolio, taking advantage of favorable market conditions to optimize earnings and capital [6][11] - Loan growth has been modest, with a focus on soundness and profitability rather than aggressive expansion, although there are signs of improving loan demand [17][18] Market Data and Key Metrics Changes - The competitive environment for deposits remains uncertain, with the company noting a shift in competitor behavior regarding deposit pricing [9][30] - The company has seen growth in customer accounts, which is a key focus area, despite overall balance sheet impacts from inflation and rate chasing [32] Company Strategy and Development Direction - The company is committed to its "Better Bank" initiative, which aims to improve market penetration and deepen customer relationships, showing positive results so far [34] - There is a strong emphasis on maintaining a disciplined approach to growth, focusing on core customer accounts and optimizing the funding base [12][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for loan demand to increase, particularly if macroeconomic conditions stabilize [18][30] - The company is preparing for potential opportunities in the bond market while remaining cautious about the overall economic environment [11][12] Other Important Information - The company has opened four new branches this year as part of its reinvestment strategy, alongside ongoing evaluations of its retail network [20] - Management highlighted the importance of self-funding investments and maintaining cost discipline, with expectations of achieving positive operating leverage in 2025 [22][23] Q&A Session Summary Question: Insights on the opportunistic bond sale - Management emphasized a patient approach to the bond portfolio, taking advantage of favorable market conditions without a complete overhaul [6] Question: Trends in deposit pricing pre and post-rate cut - Deposit costs peaked at 2.81% and decreased to 2.75% following the rate cut, with proactive management strategies in place [7][8] Question: Expectations for CD maturity and repricing - The company expects to maintain a relatively short duration for CDs, with current maturity rates around 4.40% [8] Question: Future loan growth and funding optimization - Management indicated a focus on opportunistic repositioning of assets and liabilities, with an emphasis on maintaining soundness and profitability [11][12] Question: Trajectory of net interest margin - Management anticipates a stable NIM in Q4, with potential for improvement in 2025 depending on economic conditions [16][26] Question: Competitive dynamics in lending - There is increased willingness to lend across the industry, but actual demand has not yet materialized significantly [30] Question: Clarification on FHLB advances and broker deposits - Management confirmed that some fluctuations in funding sources are due to the interplay between FHLB and brokered funding [31][32]

Nasdaq: SFNC3rd Quarter 2024 Earnings Presentation Contents 3 Company Profile 4 3Q24 Financial Highlights 11 Deposits, Securities, Liquidity, Interest Rate Sensitivity and Capital 18 Loan Portfolio 24 Credit Quality 28 Appendix Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements. Certain statements by Simmons First National Corporation (the "Company", which where appropriate includes the Company's wholly-owned banking subsidiary, Simmons Bank) contained in this presentation ...