The earnings call highlighted positive achievements in net interest margin improvement and consumer checking account growth, while also addressing challenges such as below-normalized loan growth and competitive pressures on pricing. The retirement of key executives poses potential risks but is mitigated by the company's confidence in the replacement leadership.
Company Guidance
During the Simmons First National Corporation's Q4 2024 earnings call, the executives provided guidance on several key metrics, outlining expectations and the strategic direction for 2025. They highlighted a focus on achieving a net interest margin (NIM) above 3% in the latter half of the year, driven by disciplined loan pricing and a strategic shift in deposit costs. Loan growth is expected to rise in the low single digits, reflecting an emphasis on soundness and profitability over rapid expansion. The company anticipates capital growth, with priorities on organic growth initiatives, balance sheet restructuring, dividend maintenance, and authorized share buybacks. Credit quality remains stable, with a focus on managing a small runoff portfolio. The guidance is underpinned by a cautiously optimistic outlook, contingent on favorable economic conditions and potential rate changes by the Federal Reserve.
Net Interest Margin Improvement
The company's net interest margin (NIM) increased to 2.87% in Q4, outperforming expectations due to better-than-expected loan and deposit pricing.
Consumer Checking Account Growth
The company grew consumer checking accounts by 1.5% for the year, indicating strong core consumer banking performance.
Cost Optimization Achievements
Simmons First optimized its funding base, reducing deposit costs significantly, with customer time deposits declining and interest-bearing deposits increasing.
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Simmons 1st Nat'l (SFNC) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SFNC Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 21, 2025
$22.79
$22.36
-1.89%
Oct 18, 2024
$23.10
$23.08
-0.09%
Jul 24, 2024
$21.09
$20.70
-1.85%
Apr 24, 2024
$18.22
$17.66
-3.07%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Simmons First National (SFNC) report earnings?
Simmons First National (SFNC) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Simmons First National (SFNC) earnings time?
Simmons First National (SFNC) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.