Simmons First National Corp.
Simmons’ Q3 Income Falls 48% as Bank Takes Loss on Securities Sale
CEO Bob Fehlman said the bank offloaded certain lower-yielding bonds to "hasten the pace of our ongoing balance sheet optimization strategy." read more >
Simmons’ Q2 Income Falls 30% on Rising Deposit Costs, Credit Provisions
The bank reported earnings of 32 cents per share, which surpassed Wall Street expectations. read more >
40 Great Whispers (40 Years of Arkansas Business)
Whispers, the chatty space devoted to juicy news and informed speculation, has been the most popular feature in Arkansas Business right from the beginning. Here we summarize some of the best. read more >
Simmons Income Falls 15% in Q1 as FDIC Levies Another Special Assessment
The results met Wall Street expectations, but shares fell nearly 5% on Wednesday morning. read more >
Simmons Profit Falls on FDIC Assessment, Securities Losses in Q4
The bank reported net income of $23.9 million, down 71.3% from the same quarter the previous year. read more >
Simmons First Names Daniel Hobbs as CFO
Simmons First National Corp. of Pine Bluff says Daniel Hobbs will join the company Monday as executive vice president and chief financial officer. read more >
Simmons Bank’s Q3 Beats Expectations As Customers Chase Higher Rates
Simmons First National Corp. of Pine Bluff reports third-quarter profit of $47.2 million, down 41% from the same quarter last year, as customers moved into higher interest rate deposit accounts and interest expense increased. read more >
by Lance Turner -
Simmons Misses Q1 Expectations as Profit Falls 30%
CEO Bob Fehlman said the lender faced challenges from rising interest rates and heightened market volatility, but deposits were stable and the bank ended the period with solid liquidity. read more >
Simmons Posts Record Revenue, Lower Profit in 2022
The bank reported slowing activity in its commercial loan pipeline, which it attributed to "softening prospects of economic growth." read more >
Bob Fehlman Named Next CEO of Simmons Bank
Current CEO George Makris Jr. will shift to a role as full-time chairman in the new year. read more >
Simmons Reports Higher Revenue, Flat Income in Q3
Earnings per share fell to 63 cents but still surpassed Wall Street expectations. read more >
What’s Next With Inflation (Lance Turner Editor’s Note)
Nearly eight months into an expensive 2022, here’s where we stand on inflation and what some observers and policymakers think is coming next. read more >
by Lance Turner -
Arvest No. 1 Bank by Assets, But List is Shuffling
A near 10% increase in assets helped push Arvest to the top of Arkansas Business’ annual list of the state’s biggest banks, but more changes are in store as the runners-up prepare to close significant acquisitions. read more >
by Lance Turner -
Arkansas Eyes Upon Texas Lending
The Lone Star State beckons with bountiful markets, bank opportunities galore. read more >
by George Waldon -
Arkansas Dealmaking Down 17% in ’21
The number of the biggest deals in Arkansas worth $10 million or more rose to 95, an increase of 12% compared with the 85 big deals in 2020. read more >
by Jan Cottingham -
Record Year for Simmons Despite Q4 Earnings Dip
Net income was $271.2 million for the full year, up 6% compared to 2020. read more >
Everything’s Bigger With Texas (Lance Turner Editor’s Note)
It’s well established that Arkansas has more than its fair share of banking talent. And that talent’s been on display throughout the year. read more >
by Lance Turner -
Update: Simmons First to Buy Spirit of Texas Bancshares in $581M Deal
Simmons First National Corp. of Pine Bluff is acquiring Spirit of Texas Bancshares Inc. and its wholly-owned subsidiary, Spirit of Texas Bank SSB, in a cash and stock deal valued at about $581 million. read more >
by Lance Turner -
Simmons Bank Taps TCF Exec to Lead Commercial Finance Unit
Simmons Bank announces a new commercial finance business unit, which will focus on equipment finance in business aviation, over-the-road trucking, franchise finance and marine financing. read more >
Simmons First Q2 Profit Beats Wall Street Expectations
Simmons First National Corp. of Pine Bluff reports second-quarter net income of $74.9 million, up 27% from the same quarter last year. read more >
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