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Simmons First National

Nasdaq:SFNC
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SFNC
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. The last earnings update was 106 days ago. More info.


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SFNC Share Price and Events
7 Day Returns
4.7%
NasdaqGS:SFNC
3.3%
US Banks
1.4%
US Market
1 Year Returns
-4.4%
NasdaqGS:SFNC
-9.2%
US Banks
2.3%
US Market
SFNC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Simmons First National (SFNC) 4.7% 4.7% -1.7% -4.4% 31.5% 56.2%
US Banks 3.3% 3.5% 2.2% -9.2% 61.6% 49.7%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • SFNC outperformed the Banks industry which returned -9.2% over the past year.
  • SFNC underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
SFNC
Industry
5yr Volatility vs Market

Value

 Is Simmons First National undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Simmons First National to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Simmons First National.

NasdaqGS:SFNC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $26.51 * 9.7%
$2.56
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $26.51
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SFNC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.641 (1 + (1- 21%) (74.99%))
1.226
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.226 * 7.27%)
11.64%

Discounted Cash Flow Calculation for NasdaqGS:SFNC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Simmons First National is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:SFNC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.7% – 11.64%) * $26.51)
$-0.53
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.53 / (11.64% - 2.73%)
$-5.90
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $26.51 + $-5.90
$20.61
NasdaqGS:SFNC Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.61
Current discount Discount to share price of $27.39
= -1 x ($27.39 - $20.61) / $20.61
-32.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Simmons First National is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Simmons First National's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Simmons First National's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SFNC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $1.97
NasdaqGS:SFNC Share Price ** NasdaqGS (2019-02-21) in USD $27.39
United States of America Banks Industry PE Ratio Median Figure of 584 Publicly-Listed Banks Companies 13.52x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Simmons First National.

NasdaqGS:SFNC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SFNC Share Price ÷ EPS (both in USD)

= 27.39 ÷ 1.97

13.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Simmons First National is overvalued based on earnings compared to the US Banks industry average.
  • Simmons First National is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Simmons First National's expected growth come at a high price?
Raw Data
NasdaqGS:SFNC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
8.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 261 Publicly-Listed Banks Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

NasdaqGS:SFNC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.91x ÷ 8.6%

1.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Simmons First National is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Simmons First National's assets?
Raw Data
NasdaqGS:SFNC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $23.66
NasdaqGS:SFNC Share Price * NasdaqGS (2019-02-21) in USD $27.39
United States of America Banks Industry PB Ratio Median Figure of 587 Publicly-Listed Banks Companies 1.26x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
NasdaqGS:SFNC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SFNC Share Price ÷ Book Value per Share (both in USD)

= 27.39 ÷ 23.66

1.16x

* Primary Listing of Simmons First National.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Simmons First National is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Simmons First National's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Simmons First National has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Simmons First National expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Simmons First National expected to grow at an attractive rate?
  • Simmons First National's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Simmons First National's earnings growth is positive but not above the United States of America market average.
  • Simmons First National's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SFNC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SFNC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 8.6%
NasdaqGS:SFNC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 7.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SFNC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SFNC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 803 249 6
2019-12-31 748 227 6
2018-12-31 706 217 6
NasdaqGS:SFNC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 649 158 179
2018-06-30 593 149 153
2018-03-31 533 153 122
2017-12-31 467 115 93
2017-09-30 419 123 101
2017-06-30 406 121 96
2017-03-31 400 138 95
2016-12-31 399 91 97
2016-09-30 399 89 94
2016-06-30 402 113 92
2016-03-31 398 62 89
2015-12-31 372 84 74

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Simmons First National's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • Simmons First National's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SFNC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Simmons First National Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SFNC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.57 2.66 2.46 6.00
2019-12-31 2.37 2.46 2.30 6.00
2018-12-31 2.34 2.35 2.32 6.00
NasdaqGS:SFNC Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 1.97
2018-06-30 1.82
2018-03-31 1.59
2017-12-31 1.34
2017-09-30 1.59
2017-06-30 1.53
2017-03-31 1.54
2016-12-31 1.58
2016-09-30 1.54
2016-06-30 1.52
2016-03-31 1.48
2015-12-31 1.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Simmons First National is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Simmons First National's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Simmons First National has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Simmons First National performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Simmons First National's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Simmons First National has delivered over 20% year on year earnings growth in the past 5 years.
  • Simmons First National's 1-year earnings growth exceeds its 5-year average (77.2% vs 35.1%)
  • Simmons First National's earnings growth has exceeded the US Banks industry average in the past year (77.2% vs 40.2%).
Earnings and Revenue History
Simmons First National's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Simmons First National Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SFNC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 649.50 178.97 284.85
2018-06-30 592.84 152.63 261.21
2018-03-31 532.52 122.13 237.13
2017-12-31 467.30 92.94 213.76
2017-09-30 419.47 101.01 189.50
2017-06-30 406.42 95.59 185.49
2017-03-31 399.74 95.43 184.52
2016-12-31 398.52 96.79 182.68
2016-09-30 399.06 93.60 184.24
2016-06-30 402.21 91.77 187.98
2016-03-31 398.49 88.88 187.00
2015-12-31 371.71 74.11 182.61
2015-09-30 330.34 62.96 158.49
2015-06-30 287.25 50.15 138.91
2015-03-31 246.30 40.05 122.04
2014-12-31 226.01 35.69 116.97
2014-09-30 207.00 26.84 110.09
2014-06-30 191.10 24.98 105.45
2014-03-31 176.71 21.65 101.40
2013-12-31 167.35 23.23 95.82
2013-09-30 161.74 27.48 91.74
2013-06-30 159.39 27.31 89.87
2013-03-31 157.14 27.27 87.68
2012-12-31 154.34 27.68 85.40
2012-09-30 150.99 25.96 82.24
2012-06-30 150.67 26.45 81.83
2012-03-31 151.36 26.66 81.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Simmons First National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Simmons First National used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Simmons First National improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Simmons First National's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Simmons First National has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Simmons First National's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Simmons First National's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Simmons First National Company Filings, last reported 4 months ago.

NasdaqGS:SFNC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,183.32 1,903.06 517.76
2018-06-30 2,146.91 1,964.95 946.82
2018-03-31 2,109.05 1,730.36 862.73
2017-12-31 2,084.56 1,643.03 601.36
2017-09-30 1,257.20 711.65 436.40
2017-06-30 1,234.08 663.69 335.72
2017-03-31 1,170.89 611.58 309.90
2016-12-31 1,151.11 448.59 290.26
2016-09-30 1,147.14 399.86 461.89
2016-06-30 1,090.71 355.05 267.71
2016-03-31 1,071.98 334.34 241.32
2015-12-31 1,076.86 322.26 270.79
2015-09-30 1,045.44 345.77 423.79
2015-06-30 1,025.11 344.91 323.14
2015-03-31 1,013.74 459.54 717.36
2014-12-31 494.32 245.89 342.90
2014-09-30 484.01 256.99 301.12
2014-06-30 414.14 234.45 429.54
2014-03-31 406.67 242.23 529.00
2013-12-31 403.83 245.60 548.36
2013-09-30 403.03 158.92 385.23
2013-06-30 401.85 177.34 467.97
2013-03-31 406.45 210.49 651.37
2012-12-31 406.06 214.14 544.02
2012-09-30 404.25 184.61 495.45
2012-06-30 407.41 192.02 553.39
2012-03-31 409.31 227.47 685.70
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Simmons First National has an acceptable proportion of non-loan assets held.
  • Simmons First National's liabilities are made up of primarily low risk sources of funding.
  • Loans at Simmons First National are broadly funded by customer deposits.
  • Simmons First National's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Simmons First National has a low allowance for bad loans.
  • Simmons First National has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Simmons First National's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Simmons First National has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Simmons First National's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.34%
Current annual income from Simmons First National dividends. Estimated to be 2.57% next year.
If you bought $2,000 of Simmons First National shares you are expected to receive $47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Simmons First National's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Simmons First National's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
Upcoming dividend payment

Purchase Simmons First National on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SFNC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 467 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SFNC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.74 6.00
2019-12-31 0.67 6.00
2018-12-31 0.60 6.00
NasdaqGS:SFNC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-24 0.640 2.494
2018-10-24 0.600 2.296
2018-07-25 0.600 2.004
2018-05-22 0.600 1.924
2018-01-18 0.600 2.037
2017-11-29 0.500 1.741
2017-08-30 0.500 1.777
2017-05-25 0.500 1.904
2017-02-28 0.500 1.835
2016-11-30 0.480 1.570
2016-08-29 0.480 1.869
2016-05-26 0.480 2.046
2016-02-29 0.480 2.130
2015-11-23 0.460 1.942
2015-08-27 0.460 1.873
2015-05-27 0.460 2.025
2015-02-05 0.460 2.138
2014-11-25 0.440 2.240
2014-08-28 0.440 2.191
2014-05-27 0.440 2.209
2014-02-28 0.440 2.348
2013-11-27 0.420 2.373
2013-08-29 0.420 2.727
2013-05-30 0.420 3.148
2013-02-21 0.420 3.349
2012-12-06 0.400 3.155
2012-08-31 0.400 3.320
2012-05-31 0.400 3.428
2012-02-27 0.400 3.199
2011-11-30 0.380 2.776
2011-08-29 0.380 3.246
2011-05-27 0.380 3.120
2011-02-28 0.380 2.860
2010-11-30 0.380 2.640
2010-08-27 0.380 2.705
2010-05-28 0.380 2.880
2010-02-26 0.380 2.749
2009-11-30 0.380 2.847
2009-08-28 0.380 2.742
2009-06-01 0.380 2.684
2009-02-26 0.380 3.016
2009-02-23 0.380 2.924

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Simmons First National's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Simmons First National's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Simmons First National afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Simmons First National has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Simmons First National's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Makris
COMPENSATION $2,293,835
AGE 61
TENURE AS CEO 5.1 years
CEO Bio

Mr. George A. Makris, Jr., was elected to the Board in 1997. He is currently serving as Chairman and Chief Executive Officer of the Company. Prior to his employment by the Company on January 2, 2013, Mr. Makris had been employed by M. K. Distributors, Inc. since 1980 and had served as its President since 1985. Mr. Makris previously served as a member of the board of directors of National Bank of Commerce and its successors from 1985 to 1996 and served as Chairman of the Board from 1994 to 1996. Mr. Makris received a B.A. degree in Business Administration from Rhodes College in 1978 and an M.B.A. from the University of Arkansas in 1980.

CEO Compensation
  • George's compensation has been consistent with company performance over the past year.
  • George's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Simmons First National management team in years:

4.2
Average Tenure
61.5
Average Age
  • The tenure for the Simmons First National management team is about average.
Management Team

George Makris

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
61
TENURE
5.1 yrs

Bob Fehlman

TITLE
Senior EVP
COMPENSATION
$2M
AGE
53
TENURE
12.9 yrs

Paul Kanneman

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$921K
AGE
60
TENURE
2.1 yrs

Marty Casteel

TITLE
Senior Executive Vice President
COMPENSATION
$2M
AGE
66

Mark Funke

TITLE
President of SNB
COMPENSATION
$2M
AGE
62

David Garner

TITLE
Executive VP & Chief Accounting Officer
AGE
48
TENURE
6.1 yrs

Steve Massanelli

TITLE
Investor Relations Officer
AGE
62
TENURE
0.8 yrs

Patrick Burrow

TITLE
Executive VP
COMPENSATION
$656K
AGE
65
TENURE
4.2 yrs

Jena Compton

TITLE
Executive VP
AGE
45
TENURE
3.4 yrs

Steve Wade

TITLE
Executive VP & Chief Credit Officer of Simmons Bank
AGE
63
Board of Directors Tenure

Average tenure and age of the Simmons First National board of directors in years:

9.8
Average Tenure
66
Average Age
  • The tenure for the Simmons First National board of directors is about average.
Board of Directors

George Makris

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
61
TENURE
5.1 yrs

Steven Cossé

TITLE
Lead Director
COMPENSATION
$113K
AGE
70

Robert Shoptaw

TITLE
Director
COMPENSATION
$112K
AGE
71
TENURE
12.4 yrs

Mark Doramas

TITLE
Director
AGE
59
TENURE
3.9 yrs

Jay Burchfield

TITLE
Independent Director
COMPENSATION
$92K
AGE
72
TENURE
3.8 yrs

W. McGeorge

TITLE
Director
COMPENSATION
$92K
AGE
74
TENURE
14.1 yrs

Eddie Drilling

TITLE
Director
COMPENSATION
$72K
AGE
62
TENURE
11.1 yrs

William Clark

TITLE
Director
COMPENSATION
$77K
AGE
48
TENURE
11.1 yrs

Eugene Hunt

TITLE
Director
COMPENSATION
$74K
AGE
72
TENURE
9.8 yrs

Chris Kirkland

TITLE
Director
COMPENSATION
$87K
AGE
48
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Simmons First National insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Jan 19 Buy George Makris Individual 30. Jan 19 30. Jan 19 10,000 $24.85 $248,500
20. Nov 18 Buy Patrick Burrow Individual 19. Nov 18 20. Nov 18 1,500 $27.70 $41,475
03. Aug 18 Sell Russell Teubner Individual 03. Aug 18 03. Aug 18 -2,928 $30.25 $-88,572
01. Aug 18 Sell Russell Teubner Individual 30. Jul 18 30. Jul 18 -2,072 $30.15 $-62,400
09. May 18 Sell Jay Burchfield Individual 07. May 18 07. May 18 -20,000 $29.96 $-599,200
03. May 18 Sell Vernon Bryant Individual 02. May 18 02. May 18 -50,000 $30.43 $-1,521,500
02. May 18 Sell Mark Funke Individual 30. Apr 18 30. Apr 18 -15,000 $30.31 $-454,050
02. May 18 Sell Vernon Bryant Individual 30. Apr 18 01. May 18 -100,000 $30.41 $-3,034,000
30. Apr 18 Sell Robert Fehlman Individual 26. Apr 18 26. Apr 18 -12,786 $30.32 $-387,672
27. Apr 18 Sell Vernon Bryant Individual 27. Apr 18 27. Apr 18 -50,000 $30.44 $-1,522,000
26. Apr 18 Sell Vernon Bryant Individual 26. Apr 18 26. Apr 18 -50,000 $30.36 $-1,518,000
23. Feb 18 Sell Steven Wade Individual 22. Feb 18 22. Feb 18 -4,110 $29.34 $-120,587
X
Management checks
We assess Simmons First National's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Simmons First National has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Concerned About Simmons First National Corporation’s (NASDAQ:SFNC) Risks?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Simmons First National’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Simmons First National's a stock investment. … Check out our latest analysis for Simmons First National

Simply Wall St -

Why Simmons First National Corporation's (NASDAQ:SFNC) CEO Pay Matters To You

George Makris has been the CEO of Simmons First National Corporation (NASDAQ:SFNC) since 2014. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does George Makris's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Many Insiders Sold Simmons First National Corporation (NASDAQ:SFNC) Shares?

So before you buy or sell Simmons First National Corporation (NASDAQ:SFNC), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In total, Simmons First National insiders sold more than they bought over the last year.

Simply Wall St -

Can Simmons First National Corporation (NASDAQ:SFNC) Survive The Next Financial Crisis?

Simmons First National Corporation’s (NASDAQ:SFNC) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$2.2b. … After the Financial Crisis in 2008, a set of reforms called Basel III was created with the purpose of strengthening regulation, risk management and supervision in the banking sector. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Simmons First National to vulnerabilities.

Simply Wall St -

Simmons First National Corporation (NASDAQ:SFNC): Ex-Dividend Is In 2 Days

Important news for shareholders and potential investors in Simmons First National Corporation (NASDAQ:SFNC): The dividend payment of US$0.15 per share will be distributed to shareholders on 04 January 2019, and the stock will begin trading ex-dividend at an earlier date, 13 December 2018. … Should you diversify into Simmons First National and boost your portfolio income stream? … Check out our latest analysis for Simmons First National?

Simply Wall St -

Is Simmons First National Corporation (NASDAQ:SFNC) Potentially Undervalued?

saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Simmons First National’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Simmons First National Corporation (NASDAQ:SFNC)

We'll show how you can use Simmons First National Corporation's (NASDAQ:SFNC) P/E ratio to inform your assessment of the investment opportunity. … Simmons First National has a price to earnings ratio of 13.94, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

How Much Did Simmons First National Corporation's (NASDAQ:SFNC) CEO Pocket Last Year?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does George Makris's Compensation Compare With Similar Sized Companies. … According to our data, Simmons First National Corporation has a market capitalization of US$2.6b, and pays its CEO total annual compensation worth US$2m.

Simply Wall St -

Is Simmons First National Corporation (NASDAQ:SFNC) Worth US$31.10 Based On Intrinsic Value?

Understanding these differences is crucial when it comes to putting a value on the bank stock. … Banks, for example, must hold certain levels of tiered capital in order to maintain a safe cash cushion.

Simply Wall St -

Will Simmons First National Corporation (NASDAQ:SFNC) Continue To Underperform Its Industry?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … Simmons First National Corporation (NASDAQ:SFNC) performed in line with its regional banks industry on the basis of its ROE – producing a return of 7.11% relative to the peer average of 8.83% over the past 12 months.

Simply Wall St -

Company Info

Map
Description

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services. The company conducts banking operations through approximately 200 financial centers located in communities throughout Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee, and Texas. Simmons First National Corporation was founded in 1903 and is headquartered in Pine Bluff, Arkansas.

Details
Name: Simmons First National Corporation
SFNC
Exchange: NasdaqGS
Founded: 1903
$2,537,713,229
92,347,643
Website: http://www.simmonsbank.com
Address: Simmons First National Corporation
501 Main Street,
Pine Bluff,
Arkansas, 71601,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SFNC Class A Common Shares Nasdaq Global Select US USD 13. Mar 1985
Number of employees
Current staff
Staff numbers
2,640
Simmons First National employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 23:46
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2019/01/24
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.