Finance

Net income down for Murphy USA on lower fuel sales

A more than 30% decline in fuel sales during the third quarter pushed net income lower for El Dorado-based Murphy USA, with net income per share of $2.27 for the…

Focus on the long term

I like to tell people that financial planning is like creating a road map. You’re wanting to get from point A to point B, with B being retirement — the…

Election, COVID-19 cause investor fear

Uncertainty is affecting the markets leading up to the presidential election and amid the COVID-19 pandemic, but investors can find opportunity in volatility, a financial adviser said. The Standard &…

Invest with a purpose

The ultimate goal of investing is to make a return on your money. The reason the return is important is unique for each of us. Maybe you want to retire,…

Bank OZK quarterly income and revenue beats the consensus estimates

Little Rock-based Bank OZK posted third quarter net income of $109.253 million, better than last year’s third quarter profit of $103.891 million, with income and revenue also beating market expectations….

NWA banks see deposits grow amid pandemic

Northwest Arkansas bank customers put away more than $3 billion of additional deposits in the spring, reflecting record-high federal stimulus funds to combat the economic fallout of COVID-19. According to…

ABA elects Arvest Bank leader to board of directors

Arvest Bank announced Wednesday (Oct. 21) that president and CEO Kevin Sabin has been elected to the American Bankers Association (ABA) board of directors. Sabin was put up for nomination…

Natural Capital fund closes investment round with $41.25 million in commitments

Natural Capital, an Arkansas-based private investment firm, announced the closure of the Natural Capital Fund I, LP with combined commitments of $41.25 million. The fund’s investor base is comprised completely of…

Simmons First sees quarterly income decline, but earnings beat market expectations

Pine Bluff-based Simmons First National Corp. posted third quarter net income of $65.9 million, down from the $81.8 million in the same period of 2019. Revenue during the quarter was…

Windstream names Drew Smith as treasurer

Little Rock-based Windstream Holdings named Drew Smith as treasurer on Friday (Oct. 16). The appointment is effective immediately. Smith previously served as assistant treasurer for the company. As senior vice…

Third quarter net income dips for Home BancShares; per share earnings beat the estimate

Conway-based Home BancShares, the parent company of Centennial Bank, posted third quarter net income of $69.3 million, down 4.8% from the same quarter in 2019. Part of the decline was…

Landmark CPA leads internal CARES Act group

Katie Lejong, member of accounting firm Landmark PLC, leads an internal task force that’s guided clients on multiple aspects to the Coronavirus Aid, Relief and Economic Security (CARES) Act. Landmark,…

Tax advantaged investments

Benjamin Franklin is credited to stating “nothing in this world can be said to be certain, except death and taxes.” However, you only die once. You face taxes every day….

NewRoad Capital Partners closes third fund at $176 million

NewRoad Capital Partners of Rogers, the state’s largest private equity fund, has closed its third fund at $176 million, according to a Wednesday (Oct. 7) news release, raising assets under…

Armor Bank to purchase Farmers & Merchants Marianna branch

Armor Bank and Stuttgart-based Farmers and Merchants Bank have announced that a definitive agreement has been signed for Armor Bank to purchase the Marianna branch of Farmers and Merchants Bank…

Simmons Bank donates $1 million for new Jefferson County Health Unit, Veteran’s Services office

Simmons Bank gifted $1 million to support the construction of the new Dr. Josetta Wilkins Jefferson County Health Unit and the Sergeant Elga Lee Roberts Jefferson County Veteran’s Services Office…

Jonesboro residential sales strong despite economy, pandemic

The pandemic has impacted many financial sectors since the partial shutdowns at the state level began in mid-March. Unemployment rates have skyrocketed, wages have been down, and profits in certain…

Bank of America donates PPE in Arkansas

Arkansas has experienced a significant increase in the number of coronavirus cases during recent weeks and Bank of America has increased its PPE and financial contributions to several partner organizations…

Citizens Bank CEO Phil Baldwin on growth, the economy, and retirement

Citizens Bank CEO Phil Baldwin will cap off an illustrious career in 2021 as he has guided the Batesville-based financial institution past the $1 billion mark. Baldwin, CEO since 2013,…

Encore Bank expands into Dallas-Fort Worth market

Little Rock-based Encore Bank announced Friday (Sept. 24) it has expanded into the Dallas-Fort Worth market and hired two experienced veteran bankers as executive vice presidents to oversee operations. Marc…

UAMS, Helena Hospital announced co-management agreement

Citizens Bank names Alan Jessup COO

Survey: 35% of American workers do some or all work from home

Crenlo moves HQ to Bentonville from Minneapolis