Simmons First National Corp (OQ:SFNC)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 501 Main Street
PINE BLUFF AR 71601
Tel: 1-501-2637483
Website: https://ir.simmonsbank.com
IR: See website
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Key People
George A. Makris
Executive Chairman of the Board
Brad Yaney
Executive Vice President - Credit Risk Management
James M. Brogdon
President
Robert A. Fehlman
Chief Executive Officer
Charles Daniel Hobbs
Chief Financial Officer, Executive Vice President
Jennifer B. Compton
Chief People Officer, Executive Vice President
David W. Garner
Executive Vice President, Chief Accounting Officer
Stephen C. Massanelli
Senior Executive Vice President, Chief Administrative Officer
Ann Madea
Executive Vice President, Chief Information Officer
George A. Makris
Executive Vice President, General Counsel, Secretary
   
Business Overview
Simmons First National Corporation is a financial holding company. The Company, through its subsidiary, Simmons Bank (the Bank), provides banking and other financial products and services in markets located in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It offers commercial banking products and services to business and other corporate customers. It extends loans for a broad range of corporate purposes, including (among others) financing commercial real estate, construction of particular properties, commercial and industrial uses, acquisition and equipment financings, and other general corporate needs. It is also engaged in small business administration (SBA) and agricultural finance lending, and it offers corporate credit card products, as well as corporate deposit products and treasury management services. In addition, it offers a variety of consumer banking products and services, including (among others) savings, time, and checking deposit products.
Financial Overview
For the fiscal year ended 31 December 2023, Simmons First National Corp interest income increased 40% to $1.21B. Net interest income after loan loss provision decreased 14% to $608.1M. Net income decreased 32% to $175.1M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 12% to 2.78%, Net Interest Spread, Total -% decrease of 29% to 2.1%.
Employees: 3,007 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,465M as of Dec 31, 2023
Annual revenue (TTM): $1,210M as of Dec 31, 2023
EBITDA (TTM): $341.33M as of Dec 31, 2023
Net annual income (TTM): $175.06M as of Dec 31, 2023
Free cash flow (TTM): $406.93M as of Dec 31, 2023
Net Debt Last Fiscal Year: $108.00M as of Dec 31, 2023
Shares outstanding: 125,327,684 as of Feb 23, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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