The following is a summary of the Simmons First National Corporation (SFNC) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Unfortunately, there were no explicit financial performance details provided in the executives' statements during this earnings call.

Business Progress:

• Simmons First National Corporation is optimistic about their loan growth, primarily driven by construction fundings. This growth is not linked with a change in credit outlook but due to disciplined execution.

• The corporation expects low single-digit loan growth for the rest of the year.

• The company has experienced success in deposit growth, specifically in interest-bearing accounts and plans to continue its disciplined approach despite nationwide migration trends.

• There are planned efforts to retain a robust customer base amidst the impact of inflation and a shift away from noninterest bearing accounts.

• Simmons is also placing resources towards developing new customer relationships.

• The company is optimistic about net interest margin expansion throughout the year, with regulated loan growth and efforts to manage noninterest bearing migration being key factors.

• Additionally, Simmons First National maintains a liability-sensitive balance sheet, positioning it to benefit in a higher-for-longer interest rate environment.

More details: Simmons First National IR

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