Investments Archive

Bear State 1Q Profit Up 48 Percent

by Lance Turner 4/20/2017 07:44 am

Bear State Financial Inc. of Little Rock reported Thursday first-quarter earnings of $4.9 million, up 48 percent from the same quarter last year.

As Mergers Continue, Home BancShares Sees 1Q Profit Rise

by Lance Turner 4/20/2017 07:31 am

Home BancShares Inc. of Conway reports first-quarter profit of $46.9 million, up 13 percent from the same quarter last year.

USA Truck Names Jason Bates CFO

by Lance Turner 4/19/2017 04:12 pm

USA Truck Inc. of Van Buren hires Jason Bates as executive vice president and CFO, filling a post left vacant by James Reed, who became CEO in January.

Simmons First 1Q Net Income Down 6 Percent

by Lance Turner 4/19/2017 03:56 pm

Simmons First National Corp. of Pine Bluff reports first-quarter net income of $22.1 million, down 6 percent from the same quarter last year.

Murphy USA Lowers Guidance After Preliminary 1Q Loss of $3M

by Kyle Massey 4/18/2017 04:26 pm

Murphy USA Inc. announces a preliminary first-quarter loss of $3 million — results bad enough to lead the El Dorado gasoline retailer to revise its investor guidance numbers downward for all of 2017.

Video: Fitz Hill Talks Transparency in Leadership, Work at Scott Ford Center

by Arkansas Business Staff 4/18/2017 10:55 am

Leaders should tell the truth, be transparent and communicate regularly with stakeholders during a crisis, says Fitz Hill in Part 2 of Arkansas Business' new video series on leadership.

Wal-Mart Seeks Online Fashion Presence Through Acquisitions

by Nandita Bose and Gayathree Ganesan, Reuters 4/18/2017 06:50 am

Wal-Mart's bid for Bonobos is the latest step in the company's attempt to recover lost ground against Amazon and others in the growing online fashion world, analysts say.

Recode: Wal-Mart in Advanced Talks to Buy Bonobos

by Reuters 4/17/2017 11:08 am

Wal-Mart Stores Inc. is in advanced discussions to buy online men's fashion retailer Bonobos Inc., Recode reported on Friday, citing sources.

J.B. Hunt 1Q Revenue Up 7 Percent

by Marty Cook 4/17/2017 10:22 am

J.B. Hunt Transport Services Inc. of Lowell reports first-quarter income of $102.7 million, up from $100.1 million in the same quarter a year ago.

Tacos 4 Life Franchises Expanding Beyond Arkansas

by Arkansas Business Staff 4/17/2017 12:00 am

Tacos 4 Life, the restaurant mini-chain based in Conway, appears poised to move beyond “mini-chain” status to plain “chain” status.

Windstream to Acquire Broadview Networks Holdings in $227.5M Deal

by Lance Turner 4/13/2017 06:57 am

Windstream Holdings Inc. of Little Rock agrees to acquire Broadview Networks Holdings Inc. of Rye Brook, New York, in an all-cash transaction valued at $227.5 million.

Bear State Sets Annual Meeting Date, Discloses Salaries

by George Waldon 4/12/2017 11:09 am

The annual filing also disclosed that Bear State Financial Holdings LLC of Little Rock remained the largest shareholder with a 40.28 percent stake worth more than $141 million.

Bank of the Ozarks Posts Record 1Q Net Income

by Lance Turner 4/11/2017 06:56 am

Bank of the Ozarks Inc. of Little Rock says net income for the first quarter was a record $89.2 million, up 73 percent from the same quarter last year.

Uniti Group to Buy Southern Light LLC in $700M Deal

by Arkansas Business Staff 4/10/2017 11:54 am

Uniti Group Inc. of Little Rock agrees to acquire privately-held fiber network provider Southern Light LLC of Mobile, Alabama, for about $700 million in cash and equity.

Asa Hutchinson Among Speakers at 2nd Conference on Delta's Future

by Arkansas Business Staff 4/10/2017 11:33 am

Gov. Asa Hutchinson will be the featured luncheon speaker at a conference on the future of the Arkansas Delta on May 19 at the Pine Bluff Convention Center.

Foreclosure Suit Takes Aim at Home of Walter Quinn

by Arkansas Business Staff 4/10/2017 12:00 am

Malvern National Bank claims more than $1.2 million is outstanding on a loan secured by the Riverview Point residence. The loan has been in default since November, according to the bank.

Brandon Woodrome Makes Request for Leniency

by Arkansas Business Staff 4/10/2017 12:00 am

Brandon Woodrome, the 29-year-old former Fort Smith construction company owner, has asked for a light term in federal prison when he is sentenced next week for one count each of bank fraud and wire fraud.

Bank Assets, Profits Up; Charters Dwindle on List of Largest Arkansas Banks

by Gwen Moritz 4/10/2017 12:00 am

Out-of-state acquisitions by publicly traded banks pushed total assets reported by Arkansas charters up by almost 17 percent to more than $88 billion at year-end 2016.

Searcy Energy Lender Southeast Capital Quietly on the Rise

by Kyle Massey 4/10/2017 12:00 am

Jay Barber has quietly built a national business as an energy banker in Searcy, but he's not completely hush-hush.

Grief, Pain and the Fall of Turner Grain

by Mark Friedman 4/10/2017 12:00 am

With his father's death in late 2013 and stress contributing to his losing some 60 pounds in 30 days, Turner Grain Merchandising Inc. co-owner Jason Coleman said he was in no condition to run his company in the months leading to its collapse in August 2014.

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