Simmons First National ( (SFNC) ) has released its Q4 earnings. Here is a breakdown of the information Simmons First National presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Simmons First National Corporation, a Mid-South based financial holding company, operates Simmons Bank, which offers comprehensive financial solutions through its 222 branches across multiple states, and has a long history of consistent dividend payments. The company reported a significant improvement in its fourth-quarter earnings for 2024, with net income reaching $48.3 million, more than doubling from the previous quarter. Key financial highlights for the quarter include a net interest margin of 2.87%, an increase in book value per share, and a positive trajectory in profitability trends. The company’s total revenue increased to $208.5 million, with an adjusted pre-provision net revenue of $69.2 million, reflecting a strong operational performance. Additionally, Simmons saw improvements in its cost of deposits and net interest margin compared to previous quarters. Moving forward, Simmons First National Corporation remains cautiously optimistic about 2025, focusing on potential impacts from economic conditions and regulatory changes while expressing confidence in its new leadership and strategic opportunities.
