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 |
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 |