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SFNC Simmons First National

Simmons Bank is an Arkansas state-chartered bank that began in 1903. Through the decades, Simmons has developed a full suite of financial products and services designed to meet the needs of individual consumers and business customers alike. Simmons has grown steadily and today operates more than 200 branch locations throughout Arkansas, Illinois, Kansas, Missouri, Oklahoma, Tennessee and Texas. Simmons is the subsidiary bank for Simmons First National Corporation (NASDAQ: SFNC), a publicly traded bank holding company headquartered in Pine Bluff, Arkansas, with total consolidated assets of $22.3 billion as of Dec. 31, 2020.

Company profile

Ticker
SFNC
Exchange
CEO
George Makris
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
710407808

SFNC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

25 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.47B 3.47B 3.47B 3.47B 3.47B 3.47B
Cash burn (monthly) (positive/no burn) (positive/no burn) 48.87M 50.05M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 174.49M 178.7M n/a n/a
Cash remaining n/a n/a 3.3B 3.29B n/a n/a
Runway (months of cash) n/a n/a 67.5 65.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Lanigan Susan S Common Stock Option exercise Aquire M No No 29.98 304 9.11K 11,518
1 Apr 21 Lanigan Susan S RSU Common Option exercise Dispose M No No 29.98 304 9.11K 608
1 Apr 21 Doramus Mark C Common Stock Option exercise Aquire M No No 29.98 709 21.26K 22,341
1 Apr 21 Doramus Mark C RSU Common Option exercise Dispose M No No 29.98 709 21.26K 1,418
1 Apr 21 Marty Casteel Common Stock Option exercise Aquire M No No 29.98 324 9.71K 164,256
1 Apr 21 Marty Casteel RSU Common Option exercise Dispose M No No 29.98 324 9.71K 648
25 Mar 21 Matthew Reddin Common Stock Payment of exercise Dispose F No No 30.01 846 25.39K 28,147

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

70.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 191 189 +1.1%
Opened positions 25 23 +8.7%
Closed positions 23 31 -25.8%
Increased positions 61 53 +15.1%
Reduced positions 69 71 -2.8%
13F shares
Current Prev Q Change
Total value 1.65B 1.2B +37.6%
Total shares 76.17M 75.39M +1.0%
Total puts 0 25.6K EXIT
Total calls 37.2K 14K +165.7%
Total put/call ratio 1.8
Largest owners
Shares Value Change
BLK Blackrock 15.97M $344.83M -0.2%
Vanguard 10.66M $230.15M +1.6%
NTRS Northern Trust 7M $151.04M +219.5%
Dimensional Fund Advisors 6.23M $134.52M +0.5%
STT State Street 4.29M $93.45M +2.4%
Simmons Bank 3.04M $65.57M -62.5%
LSV Asset Management 1.67M $35.96M -2.9%
Geode Capital Management 1.65M $35.63M +3.3%
Fuller & Thaler Asset Management 1.57M $33.9M -3.0%
BK Bank Of New York Mellon 1.49M $32.14M +4.2%
Largest transactions
Shares Bought/sold Change
Simmons Bank 3.04M -5.07M -62.5%
NTRS Northern Trust 7M +4.81M +219.5%
Norges Bank 1.14M +1.14M NEW
WHG Westwood 804.81K +804.81K NEW
PRU Prudential Financial 692.19K -766.39K -52.5%
Arrowstreet Capital, Limited Partnership 365.28K -413.55K -53.1%
Millennium Management 0 -228.97K EXIT
JPM JPMorgan Chase & Co. 447.49K +210.39K +88.7%
Vanguard 10.66M +170.61K +1.6%
MS Morgan Stanley 466.52K +146.05K +45.6%

Financial report summary

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Risks
  • The COVID-19 pandemic and resulting economic conditions have adversely impacted, and are likely to continue to adversely impact, our business, as well as our customers and third-party vendors; and the ultimate severity of these impacts is dependent on future events, including the scope and duration of, and governmental responses to, the pandemic, that are highly uncertain and challenging to predict.
  • The mismanagement of our credit risks could result in serious harm to our business.
  • Deteriorating credit quality in our credit card portfolio may adversely impact us.
  • We may not maintain an appropriate allowance for credit losses.
  • We rely on the mortgage secondary market from time to time to provide liquidity.
  • Sales of our loans are subject to a variety of risks.
  • Loans made through federal programs are dependent on the federal government’s continuation and support of these programs and on our compliance with program requirements.
  • Changes in interest rates and monetary policy could adversely affect our profitability.
  • Changes in the method pursuant to which the London Interbank Offered Rate (“LIBOR”) and other benchmark rates are determined, as well as the discontinuance and replacement of LIBOR as a reference rate, could adversely impact our business and results of operations.
  • Our cost of funds may increase as a result of general economic conditions, interest rates and competitive pressures.
  • Our business may be adversely affected by conditions in the financial markets and general economic conditions.
  • Our concentration of banking activities in Arkansas, Illinois, Kansas, Missouri, Oklahoma, Tennessee and Texas, including our real estate loan portfolio, makes us more vulnerable to adverse conditions in the particular local markets in which we operate.
  • We face strong competition from other banks, bank holding companies, and financial services companies.
  • Changes in service delivery channels and emerging technologies pose a competitive risk.
  • The value of our goodwill and other intangible assets may decline in the future.
  • Damage to our reputation could significantly harm our business.
  • If we are unsuccessful in developing new, and adapting our current, products and services so that they respond to changing industry standards and customer preferences, our business may suffer.
  • A lack of liquidity could impair our ability to fund our business and thereby adversely affect our financial condition and results of operations.
  • Our models and estimations may be inadequate, which could lead to significant losses and regulatory scrutiny.
  • We may not be able to raise the additional capital we need to grow and, as a result, our ability to expand our operations could be materially impaired.
  • Our business is heavily reliant on information technology systems, facilities, and processes; and a disruption in those systems, facilities, and processes, or a breach, including cyber-attacks, in the security of our systems, could have significant, negative impact on our business, result in the disclosure of confidential information, and create significant financial and legal exposure for us.
  • We depend on qualified employees and key personnel to operate and lead our business, and we may not be able to attract or retain them in the future.
  • Our business is heavily reliant on a variety of third-party service providers.
  • Our controls and procedures may fail, or our employees may not adhere to them.
  • Accounting standards periodically change and the application of our accounting policies and methods may require management to make estimates about matters that are uncertain.
  • Financial legislative and regulatory initiatives could adversely affect the results of our operations.
  • Our failure to comply with applicable banking laws and regulations could result in significant monetary penalties, restrict our ability to execute our growth strategy, and have other material adverse impacts on our business.
  • We may incur environmental liabilities with respect to properties to which we take title.
  • We may be subject to allegations of intellectual property infringement or may fail to effectively protect our own intellectual property rights.
  • The holders of our subordinated notes and subordinated debentures have rights that are senior to those of our common shareholders. If we defer payments of interest on our outstanding subordinated debentures or if certain defaults relating to those debentures occur, we will be prohibited from declaring or paying dividends or distributions on, and from making liquidation payments with respect to, our common stock.
  • We may be unable to, or choose not to, pay dividends on our common stock.
  • There may be future sales of additional common stock or preferred stock or other dilution of our equity, which may adversely affect the value of our common stock.
  • Shares of our common stock, as well as our other securities, are not insured deposits and may lose value.
  • Anti-takeover provisions could negatively impact our shareholders.
  • Our management has broad discretion over the use of proceeds from future stock offerings.
  • Our recent results do not indicate our future results and may not provide guidance to assess the risk of an investment in our common stock.
  • Weather-related events or natural or man-made disasters could cause a disruption in our business or have other effects which could adversely impact our financial condition and results of operations.
Content analysis
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Positive
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Constraining
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