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 ...

Core Insights - Simmons First National (SFNC) reported a revenue of $174.84 million for the quarter ended September 2024, reflecting a year-over-year decline of 10.9% [1] - The earnings per share (EPS) for the quarter was $0.37, down from $0.39 in the same quarter last year, but exceeded the consensus estimate of $0.33 by 12.12% [1] - The reported revenue fell short of the Zacks Consensus Estimate of $200.75 million by 12.91% [1] Financial Performance Metrics - Efficiency Ratio stood at 75.7%, significantly higher than the average estimate of 67.3% from two analysts [1] - Net Interest Margin was reported at 2.7%, matching the average estimate of 2.7% [1] - Total interest earning assets (FTE) averaged $23.87 billion, slightly below the average estimate of $23.95 billion [1] - Net charge-offs to average loans were at 0.2%, consistent with the average estimate of 0.2% [1] - Net Interest Income (FTE) was $164.11 million, surpassing the average estimate of $163.15 million [1] - Total Non-Interest Income reached $45.52 million, exceeding the average estimate of $44.32 million [1] - Net Interest Income was reported at $157.71 million, compared to the average estimate of $156.48 million [1] Stock Performance - Shares of Simmons First National have increased by 5.6% over the past month, outperforming the Zacks S&P 500 composite's increase of 3.8% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]

Group 1: Earnings Performance - Simmons First National reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, but down from $0.39 per share a year ago, representing an earnings surprise of 12.12% [1] - The company posted revenues of $174.84 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 12.91%, and down from $196.21 million year-over-year [1] Group 2: Stock Performance and Outlook - Simmons First National shares have increased by approximately 17.4% since the beginning of the year, compared to the S&P 500's gain of 22.5% [2] - The current consensus EPS estimate for the upcoming quarter is $0.33 on revenues of $203.7 million, and for the current fiscal year, it is $1.32 on revenues of $796.85 million [4] Group 3: Industry Context - The Banks - Southeast industry, to which Simmons First National belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Dime Community, is expected to report quarterly earnings of $0.41 per share, reflecting a year-over-year decline of 26.8% [5]

Core Insights - Simmons First National Corporation (SFNC) is expected to report earnings soon, with favorable conditions indicating a potential earnings beat [1] - Recent earnings estimate revisions show analysts have raised their estimates for SFNC, suggesting positive trends [1] - The Most Accurate Estimate for the current quarter is 34 cents per share, compared to the Zacks Consensus Estimate of 33 cents per share, resulting in a Zacks Earnings ESP of +4.08 [1] Importance of Earnings ESP - A positive Zacks Earnings ESP has historically led to positive surprises and market outperformance, with a 70% success rate in producing surprises and an average annual return of over 28% [2] - SFNC holds a Zacks Rank of 3 (Hold) and a positive Earnings ESP, making it a stock to consider ahead of earnings [2] - Recent revisions in earnings estimates indicate a favorable outlook for Simmons First National, suggesting a potential earnings beat in the upcoming report [2]

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 ...