Full-Time
Community-focused banking across six states
No salary listed
Dallas, TX, USA + 1 more
More locations: Little Rock, AR, USA
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Simmons Bank operates as a community bank with 200 locations across six states. It offers deposits, loans, mortgages, and digital banking to help customers manage money securely anywhere. Its products work through in-branch, online, and mobile channels with local decision-making and a strong local presence that aligns with a community-bank approach. Its goal is to help customers achieve personal dreams—such as buying a home or starting a business—by providing accessible, personalized financial services.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Jackson, Mississippi
Founded
1903
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Simmons First National Corporation reported net income of $66.7 million for the second quarter of 2026, with diluted earnings per share of $0.46. Adjusted net income reached $72.2 million, whilst adjusted diluted EPS stood at $0.50. The company's net interest margin remained stable at 3.84%, with the cost of deposits declining 3 basis points to 1.93%. Total revenue reached $248.6 million for the quarter. Committed loan production hit $1.8 billion, marking its highest quarterly level in nearly four years. Unfunded commitments increased 8%, whilst noninterest bearing deposits rose 6% on an annualised basis. The bank's net charge-off ratio stood at 20 basis points, with the allowance for credit losses at 1.32% of total loans. Simmons repurchased 0.7 million shares during the quarter. The company implemented efficiency initiatives including position eliminations and real estate footprint optimization, resulting in an adjusted efficiency ratio of 54.26%.
Simmons Bank has appointed Jim Recer as executive vice president and commercial regional executive to lead its commercial and industrial banking strategy across Texas, Nashville, Kansas City and St. Louis. The role focuses on expanding the bank's middle-market commercial business in key growth markets. Recer brings over 30 years of banking experience, predominantly in Texas. His career includes roles at Bank of America as group executive, 13 years at BBVA Compass as senior managing director and Houston market president, and positions at Texas Capital Bank, Veritex Bank and most recently Texas Regional Bank as North Texas president. He holds a finance degree from the University of Texas at Austin and has completed executive programmes at The Wharton School. Simmons Bank operates over 220 branches across six states.
Rhino Investment Partners sold 642,196 shares of Simmons First National Corporation (NASDAQ:SFNC) during the first quarter, worth an estimated $12.82 million based on quarterly average pricing, according to a Securities and Exchange Commission filing dated 15 May 2026. The sale reduced Rhino's stake in SFNC to approximately 4% of its assets under management, down from 7.3% previously. Despite the reduction, Rhino retained a meaningful position in the regional bank. Simmons First National shares stood at $21.45 on Friday, up 14% over the past year but underperforming the S&P 500's 28% gain. The company reported first-quarter net income of $68.5 million, more than double the prior year, with loans growing at a 10% annualised pace and net interest margin expanding to 3.84%.
Simmons First National reported Q1 revenues of $244.4 million, up 13.1% year-on-year, exceeding analysts' expectations by 0.6%. However, earnings per share met estimates whilst tangible book value per share slightly missed forecasts. The Arkansas-based regional bank, which operates across six states, has seen its shares rise 2.8% to $21.03 since reporting results. Across the regional banking sector, the 91 tracked stocks reported revenues in line with consensus estimates for Q1. Share prices have remained relatively unchanged since earnings results, with the group facing challenges including fintech competition, deposit outflows and commercial real estate exposure. UMB Financial delivered the strongest performance among peers, beating revenue estimates by 5.4% with revenues of $744.8 million, up 29.3% year-on-year.
Simmons First National reported first-quarter results that beat revenue expectations but missed on adjusted operating income, with the market responding positively. Revenue reached $244.4 million, up 13.1% year-on-year, whilst adjusted earnings per share of $0.47 matched analyst estimates. CEO Jay Brogdon attributed performance to robust organic loan growth driven by consumer and commercial banking initiatives and new leadership hires. The wealth management team brought in $350 million in new assets under management. When questioned about sustaining double-digit annualised loan growth, Brogdon cited improved sales culture and strong market demand but cautioned against expecting this pace quarterly. Management expects regulatory capital changes to be beneficial and described recent increases in nonperforming loans as isolated rather than systemic. The company expressed confidence in exceeding earlier operating leverage targets.