SFNCSIMMONS FIRST NATIONAL CORP
National Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.3B
- Employees
- 2,917
- Net debt / EBITDA
- —
- −$737M net debt
- AI in 10-K
- 0.5
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo26% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo5% of assetsOver 40% of assets
- Shareholder dissentNo87% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.5 per 10K words · 22nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.3B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $271M | $256M | $175M | $153M | −$380M | 349% |
| Operating cash flow | $278M | $322M | $541M | $426M | $450M | 5.5% |
| Capex | $48M | $35M | $33M | $46M | $38M | 16% |
| Stock-based comp | $16M | $15M | $12M | $11M | $11M | 4.7% |
| Buybacks | $132M | $111M | $40M | $0 | $0 | |
| Dividends | $79M | $94M | $101M | $105M | $115M | 9.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 105 | 153 |
| FY2024 | — | — | 119 | 143 |
| FY2023 | — | — | 102 | 127 |
| FY2022 | — | — | 106 | 127 |
| FY2021 | — | — | 140 | 137 |