Simmons First National Corporation · NASDAQ:SFNC
Simmons First National — Shareholder Meeting (April 2018)
26 slides from Simmons First National's shareholder meeting presentation, Apr 19, 2018
Slide 1: Simmons First National Corporation 2018 Shareholders' Meeting
Simmons First National Corporation 2018 SHAREHOLDERS’ MEETING
Slide 2: Item 1: Election of Directors
ITEM 1 2 ELECTION OF DIRECTORS
Slide 3: To Elect 15 Persons as Directors
ITEM 2 3 TO ELECT 15 PERSONS AS DIRECTORS William E. Clark, III Christopher R. Kirkland Steven A. Cossé Mark C. Doramus Edward Drilling Jerry M. Hunter Eugene Hunt Jay D. Burchfield Russell Teubner Robert L. Shoptaw Susan S. Lanigan George A. Makris, Jr. Malynda K. West W. Scott McGeorge Tom E. Purv
Slide 4: Item 2: Adoption of Non-Binding Resolution Approving Executive Compensation
ITEM 3 4 ADOPTION OF NON - BINDING RESOLUTION APPROVING THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS
Slide 5: Item 3: Ratification of Independent Accounting Firm
ITEM 4 5 RATIFICATION OF INDEPENDENT ACCOUNTING FIRM
Slide 6: Item 4: Amendment of Articles to Increase Authorized Shares
ITEM 5 6 AMENDMENT OF THE ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS A, $0.01 PAR VALUE, COMMON STOCK FROM 120,000,000 TO 175,000,000
Slide 7: 2018 Shareholders' Meeting
2018 SHAREHOLDERS’ MEETING 7
Slide 8: Forward-Looking Statements & Non-GAAP Financial Measures
FORWARD - LOOKING STATEMENTS & NON - GAAP FINANCIAL MEASURES 8 Certain statements contained in this presentation may not be based on historical facts and are "forward - looking statements" within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securiti
Slide 9: Board of Directors Simmons Bank
BOARD OF DIRECTORS SIMMONS BANK 9 William E. Clark, III Christopher R. Kirkland Steven A. Cossé Mark C. Doramus Edward Drilling Jerry M. Hunter Eugene Hunt Jay D. Burchfield Susan S. Lanigan W. Scott McGeorge Vernon Bryant Dean Chambliss Marty D. Casteel Mark Funke Met L. Jones, II John Lytle, M.D.
Slide 10: Board of Directors Simmons Bank
BOARD OF DIRECTORS SIMMONS BANK 10 Malynda K. West C. Edward Woodside H. Ford Trotter, III Russell Teubner Robert L. Shoptaw H. Glenn Rambin Mark Shelton, Advisory Director Adam B. Robinson
Slide 11: Stock Split
STOCK SPLIT 11 Approved a two - for - one stock split in the form of a 100% stock dividend ANNOUNCE DATE RECORD DATE PAYABLE DATE 01/18/18 02/08/18 01/30/18
Slide 12: Strong Regulatory Capital
Note: As of 12/31/17. STRONG REGULATORY CAPITAL 12
Slide 13: Strong Asset Quality: Consistently Outperforming Our Peers
CONSISTENTLY OUTPERFORMING OUR PEERS | YEAR ENDED 12/31/17 (1) Includes troubled - debt restructures (2) Legacy loans; excluding all acquired loans (3) Legacy loans; excluding all acquired loans and credit cards (4) Most recently published industry average STRONG ASSET QUALITY 13
Slide 14: Total Asset Growth
PREVIOUS 5 YEARS | IN THOUSANDS TOTAL ASSET GROWTH 14
Slide 15: Earnings Growth
PREVIOUS 5 YEARS | IN THOUSANDS, EXCEPT PER SHARE DATA Note : Per share information has been retrospectively adjusted to reflect the effects of the two - for - one stock split that was effected on February 8 , 2018 . Note : “Core earnings” and “diluted core earnings per share” are financial measures
Slide 16: Dividend History
$0.16 $0.18 $0.20 $0.22 $0.24 $0.27 $0.29 $0.31 $0.34 $0.37 $0.38 $0.38 $0.38 $0.38 $0.40 $0.42 $0.44 $0.46 $0.48 $0.50 109 CONSECUTIVE YEARS OF PAYING DIVIDENTS TO OUR SHAREHOLDERS (1) Based on 12/31/17 stock price. DIVIDEND HISTORY 16 2017 Dividend Yield ⁽ ¹ ⁾ 1.8%
Slide 17: 1 Year Total Shareholder Return
DIVIDEND + STOCK APPRECIATION | 12/31/16 – 12/31/17 Note: Per share information has been adjusted to reflect the effects of the Company’s two - for - one stock split, which occurred on February 8, 2018. Source: S&P Global Market Intelligence 1 YEAR TOTAL SHAREHOLDER RETURN 17 (20.0%) (15.0%) (10.0%)
Slide 18: 3 Year Total Shareholder Return
DIVIDEND + STOCK APPRECIATION | 12/31/14 – 12/31/17 Note: Per share information has been adjusted to reflect the effects of the Company’s two - for - one stock split, which occurred on February 8, 2018. Source: S&P Global Market Intelligence 3 YEAR TOTAL SHAREHOLDER RETURN 18 (35.0%) (25.0%) (15.0%)
Slide 19: Long Term Total Shareholder Return
DIVIDEND + STOCK APPRECIATION | 12/31/07 – 12/31/17 Note: Per share information has been adjusted to reflect the effects of the Company’s two - for - one stock split, which occurred on February 8, 2018. Source: S&P Global Market Intelligence LONG TERM TOTAL SHAREHOLDER RETURN 19 (75.0%) (50.0%) (25.
Slide 20: Market Capitalization
PREVIOUS 5 YEARS | IN THOUSANDS MARKET CAPITALIZATION 20
Slide 21: Community Bank of the Year
COMMUNITY BANK OF THE YEAR 21 SOUTHEAST ARKANSAS COMMUNITY BANK
Slide 22: Southeast Division Overview
SOUTHEAST DIVISION 22 PRESIDENT REGIONAL CHAIRMAN OVERVIEW Barry Ledbetter Loans $4.9 billion Deposits $6.4 billion Branches 149 Freddie Black Arkansas / SW Missouri Tony Gregory Tennessee
Slide 23: Southwest Division Overview
SOUTHWEST DIVISION 23 PRESIDENT REGIONAL CHAIRMAN OVERVIEW Mark Funke Loans $2.4 billion Deposits $2.2 billion Branches 34 Clay Jett South Texas
Slide 24: North Texas Division Overview
NORTH TEXAS DIVISION 24 PRESIDENT REGIONAL CHAIRMAN OVERVIEW Vernon Bryant Loans $2.9 billion Deposits $1.9 billion Branches 17 Terry Smith Dallas / Fort Worth
Slide 25: Additional Matters: Credit Ratings and Durbin Amendment
SENIOR UNSECURED DEBT SHORT - TERM DEBT SUBORDINATED DEBT SENIOR UNSECURED DEBT SHORT - TERM DEBT SUBORDINATED DEBT SHORT - TERM DEPOSIT DEPOSIT BBB+ BBB K2 SIMMONS FIRST NATIONAL CORPORATION SIMMONS BANK A - A - BBB+ K2 K2 ADDITIONAL MATTERS 25 DURBIN AMENDMENT The Durbin amendment, passed as part
Slide 26: 2018 Shareholders' Meeting
2018 SHAREHOLDERS’ MEETING 26
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