Simmons First National Corporation (NASDAQ:SFNC – Get Free Report) saw unusually-high trading volume on Friday . 1,281,609 shares traded hands during trading, an increase of 1% from the previous session’s volume of 1,272,030 shares.The stock last traded at $23.2630 and had previously closed at $23.25.
More Simmons First National News Here are the key news stories impacting Simmons First National this week:
Positive Sentiment: Adjusted earnings of $0.50 per share and revenue growth of 16.1% year over year indicate the business is still expanding. Simmons First National Corporation Reports Second Quarter Results Positive Sentiment: The bank maintained a stable net interest margin and reported improved deposit mix, which supports profitability. Simmons First National Corporation Reports Second Quarter Results Neutral Sentiment: DA Davidson reaffirmed its neutral rating and set a $23 price target, only slightly above the recent share price, suggesting limited near-term upside. Benzinga Negative Sentiment: The modest earnings and revenue misses versus analyst estimates likely pressured the stock, as investors focused on the quarter coming in below expectations. Simmons First National (SFNC) Lags Q2 Earnings and Revenue Estimates Analysts Set New Price Targets Several equities research analysts have commented on the company. National Bank Financial set a $24.00 price objective on Simmons First National in a research report on Monday, June 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $25.00 target price on shares of Simmons First National in a report on Friday. Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Stephens boosted their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, DA Davidson reissued a “neutral” rating and set a $23.00 price target on shares of Simmons First National in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.67.
Read Our Latest Report on SFNC
Simmons First National Price Performance The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.33 billion, a PE ratio of -9.07 and a beta of 0.90. The stock has a 50-day moving average price of $21.97 and a 200 day moving average price of $20.80.
Simmons First National (NASDAQ:SFNC – Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $248.57 million during the quarter, compared to analyst estimates of $250.98 million. Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.36%. Simmons First National’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. Equities analysts forecast that Simmons First National Corporation will post 2.08 EPS for the current fiscal year.
Simmons First National Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s dividend payout ratio (DPR) is presently -33.59%.
Institutional Trading of Simmons First National Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in shares of Simmons First National in the third quarter worth approximately $129,282,000. Basswood Capital Management L.L.C. increased its position in shares of Simmons First National by 325.7% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,143,055 shares of the bank’s stock worth $21,547,000 after purchasing an additional 874,513 shares in the last quarter. Leeward Investments LLC MA acquired a new position in Simmons First National in the 1st quarter valued at $15,744,000. Goldman Sachs Group Inc. lifted its holdings in Simmons First National by 97.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,469,594 shares of the bank’s stock valued at $27,702,000 after purchasing an additional 725,489 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Simmons First National by 58.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,595,939 shares of the bank’s stock valued at $30,083,000 after purchasing an additional 587,082 shares in the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.
Simmons First National Company Profile (Get Free Report)
Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.
The company’s core business activities span deposit-taking, lending and payment services.
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Simmons First National NASDAQ: SFNC executives said the bank is seeing early progress from deposit, lending and efficiency initiatives, while cautioning that competition for deposits and loans remains intense across its markets.
During the company’s second quarter 2026 earnings call, President and CEO Jay Brogdon and CFO Daniel Hobbs described a quarter marked by higher-quality deposit growth, strong loan production, continued expense discipline and ongoing investments in talent and technology. Management also said it remains comfortable with several full-year outlook items issued earlier in the year.
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Deposit growth remains a strategic focus Hobbs said deposits remain “one of our biggest focuses strategically” and will likely be an area of significant investment over the next 12 to 24 months. He pointed to 4% annualized growth in non-interest-bearing deposits during the second quarter, calling those balances the “highest quality” deposits. Hobbs also said average balances in interest-bearing money market and savings accounts grew, even though ending balances declined.
The bank is seeing early results from marketing campaigns, efforts to attract new customers, work to deepen existing relationships and initiatives to reduce attrition, Hobbs said. He added that Simmons had more inflows from new customer balances than outflows during the quarter. Checking accounts grew more than 1% both year over year and linked quarter, which Hobbs said was evidence that deposit initiatives are beginning to pay off.
Brogdon said the competitive environment remains challenging. “Deposit competition is very, very fierce,” he said, adding that he expects that backdrop to continue. He said the bank’s ability to grow in higher-quality funding categories despite that environment was encouraging.
Hobbs said Simmons is taking an opportunistic approach to wholesale funding, including brokered deposits and Federal Home Loan Bank borrowings. He said the company leaned more into FHLB funding during the quarter because pricing was more advantageous, while remaining short duration in both brokered deposits and borrowings.
Loan production strengthens, but management says it will not stretch for growth Brogdon said he remains encouraged by loan growth. Simmons previously provided a low- to mid-single-digit loan growth outlook for 2026, and Brogdon said the bank was at roughly 7% annualized loan growth year to date, placing it near the top end of that outlook halfway through the year.
Second-quarter loan growth was not as strong as the first quarter, but Brogdon said that was not due to weak production. He said quarterly committed production was near a four-year high and fit within the bank’s credit underwriting and pricing standards. Production was partially offset by an expected level of paydowns.
Brogdon said unfunded commitments increased due to recent production, and the loan pipeline remains healthy across the company’s footprint and asset classes. However, he emphasized that Simmons will remain disciplined. “We’re not going to stretch for growth right now,” he said.
On loan pricing, Brogdon said competition has been intense, with Simmons missing some opportunities because other banks were willing to price more aggressively. He said the bank will continue to focus on relationship profitability and returns on invested capital.
Management also highlighted a potential tailwind from fixed-rate loan repricing. Brogdon noted that Simmons has $1.8 billion of fixed-rate loans repricing over the next 12 months with an average yield below 4%, calling that “back book tailwind” meaningful.
Expense outlook improves as investments continue Brogdon said Simmons remains comfortable with its full-year guidance for net interest income growth of 9% to 11% and said the bank is “very comfortable” at the top end of that range. He also said Simmons remains comfortable with its fee and non-interest expense guidance, and expects to beat its earlier non-interest expense growth outlook of 2% to 3% for the year.
Overall, Brogdon said he expects the company to exceed its prior expectations for more than 5% positive operating leverage and strong year-over-year pre-provision net revenue growth in 2026.
Hobbs said the improved expense outlook includes significant investments. Simmons reduced square footage by another 2.5% during the quarter, bringing the total reduction to 8.5% since the start of the initiative. He said the company’s goal is to reduce square footage by 15%, with meaningful opportunities in corporate space as well as branches.
Management also cited process improvement opportunities across the front, middle and back office. Brogdon said Simmons is investing heavily in talent and technology while using internal savings to help fund those initiatives.
Credit trends remain in focus Asked about an increase in nonperforming assets related to a four-family construction borrower, Brogdon said the relationship “certainly sticks out” among the bank’s larger nonperforming loans. He said timing for resolution is difficult to predict and could extend into next year, but added that Simmons is devoting significant effort to resolving the matter.
Brogdon said the broader credit backdrop shows some healthy migration, including declining criticized and classified loans and past dues moderating toward historical norms. He said those trends should be a leading indicator for the credit outlook.
Simmons previously provided an outlook of approximately 25 basis points in annual net charge-offs for 2026. Brogdon said the company remains below that level through the first half of the year and does not currently know of anything that would cause it to change that outlook.
Capital, hiring and deposit costs Brogdon said Simmons will continue to be opportunistic with share repurchases, while prioritizing investments in the business and organic growth. An analyst referenced $161 million remaining under the company’s authorization, and Brogdon said management has put more “pencil to paper” on returning some excess capital through buybacks given its forward returns outlook.
Executives also discussed recent hiring. COO Chris Van Steenberg said teams and individuals brought into the company this year are already generating meaningful wins, including in wealth-related balances and deposits. Brogdon said he was excited about bringing Jim Recer into the business, in response to a question about the bank’s commercial and industrial opportunity.
On deposit costs, Hobbs said Simmons exited the quarter at about 1.90%, compared with a quarterly average of 1.93%. He said there may be one more quarter of benefit if rates remain flat, but a rate increase at the October 2026 Federal Reserve meeting would change that trajectory. If rates stay flat, he said deposit costs would likely hover around 1.90% to 1.95%, though investments in pricing and marketing could affect that range.
In closing remarks, Brogdon said Simmons has “significant untapped efficiency and potential” and is shifting from tactical cost efforts toward more strategic work around organizational structure, process engineering and technology. He said those investments are intended to help the bank deliver an operating model capable of reaching or exceeding its long-range return targets.
About Simmons First National (NASDAQ:SFNC)Simmons First National Corporation NASDAQ: SFNC is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.
The company's core business activities span deposit-taking, lending and payment services.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Simmons First National (SFNC - Free Report) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.66%. A quarter ago, it was expected that this bank holding company would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Simmons First National, which belongs to the Zacks Banks - Southeast industry, posted revenues of $251.6 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.18%. This compares to year-ago revenues of $214.18 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Simmons First National shares have added about 23.2% since the beginning of the year versus the S&P 500's gain of 10.6%.
What's Next for Simmons First National?While Simmons First National has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Simmons First National was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $257.38 million in revenues for the coming quarter and $2.08 on $1.01 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Capital City Bank (CCBG - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 21.
This bank holding company is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +3.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Capital City Bank's revenues are expected to be $64 million, up 1.3% from the year-ago quarter.
Simmons First National (SFNC - Free Report) reported $251.6 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 17.5%. EPS of $0.50 for the same period compares to $0.44 a year ago.
The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $252.05 million. With the consensus EPS estimate being $0.53, the EPS surprise was -5.66%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Simmons First National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annualized net charge offs to average loans: 0.2% compared to the 0.3% average estimate based on three analysts.Total interest earning assets (FTE) - Average Balance: $21.29 billion versus $21.4 billion estimated by three analysts on average.Efficiency Ratio: 58.7% compared to the 55.6% average estimate based on three analysts.Net Interest Margin: 3.8% compared to the 3.9% average estimate based on three analysts.Total nonperforming loans: $166.05 million compared to the $142.25 million average estimate based on two analysts.Total nonperforming assets: $177.19 million versus $155.67 million estimated by two analysts on average.Net Interest Income - FTE: $203.66 million versus the three-analyst average estimate of $205.54 million.Total Non-Interest Income: $47.94 million compared to the $46.52 million average estimate based on three analysts.Wealth management fees: $10.24 million versus the two-analyst average estimate of $10.66 million.Service charges on deposit accounts: $12.33 million versus $12.77 million estimated by two analysts on average.Debit and credit card fees: $9.01 million compared to the $8.56 million average estimate based on two analysts.Net Interest Income: $200.63 million versus $202.65 million estimated by two analysts on average.View all Key Company Metrics for Simmons First National here>>>
Shares of Simmons First National have returned +7% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Comparisons reflect 2Q26 vs 1Q26
unless otherwise noted
Net income of $66.7 million
and diluted EPS of $0.46 Adjusted net income1 of $72.2
million and adjusted diluted
EPS1 of $0.50 ROAA of 1.09% and ROE of
7.69% Adjusted ROAA1 of 1.17%;
adjusted ROTCE1 of 14.37% Total revenue of $248.6 million
and PPNR1 of $100.8 million Net interest margin unchanged
at 3.84%; cost of deposits down
3 bps to 1.93% Efficiency ratio of 58.72%;
adjusted efficiency ratio1 of
54.26% Unfunded commitments up 8% Noninterest bearing deposits up
6% annualized Provision expense exceeded net
charge-offs by $8.3 million NCO ratio at 20 bps for 2Q26;
ACL at 1.32% Repurchased 0.7 million shares
during the quarter Total revenue
$ 248.6
$ 241.4
$214.2
Adjusted total revenue1
248.6
241.4
214.2
Pre-provision net revenue1 (PPNR)
100.8
100.7
75.6
Adjusted pre-provision net revenue1
108.2
100.7
77.3
Provision for credit losses
17.4
14.6
11.9
Net income
66.7
68.5
54.8
Adjusted net income1
72.2
68.6
56.1
Per Share Data
Diluted earnings
$ 0.46
$ 0.47
$ 0.43
Adjusted diluted earnings1
0.50
0.47
0.44
Cash dividend declared
0.2150
0.2150
0.2125
Balance Sheet (in millions)
Total loans
$18,062
$17,933
$17,111
Total deposits
19,728
20,203
21,825
Total assets
24,777
24,693
26,694
Total shareholders' equity
3,482
3,438
3,549
Asset Quality
Net charge-off ratio (NCO ratio)
0.20 %
0.21 %
0.25 %
Allowance for credit losses to loans (ACL)
1.32
1.28
1.48
Capital Ratios
Equity to assets (EA) ratio
14.05 %
13.92 %
13.30 %
Tangible common equity (TCE) ratio1
8.91
8.74
8.46
Common equity tier 1 (CET1) ratio
11.60
11.58
12.36
Total risk-based capital ratio
14.35
14.36
14.42
Other Ratios
Return on average assets
1.09 %
1.13 %
0.82 %
Adjusted return on average assets1
1.17
1.13
0.84
Return on average common equity
7.69
8.01
6.20
Return on average tangible common equity1
13.32
13.90
10.73
Adj. return onavg. tangible common equity1
14.37
13.91
10.97
Net interest margin (FTE)2
3.84
3.84
3.06
Efficiency ratio
58.72
57.56
62.82
Adjusted efficiency ratio1
54.26
56.16
60.52
Jay Brogdon, Simmons' President and CEO, commented on second quarter 2026 results:
"Simmons delivered continued expansion in returns in the second quarter, reflecting revenue growth coupled with disciplined expense control. Committed loan production reached $1.8 billion, its highest quarterly level in almost four years, partially offset by expected paydowns, while our focus on disciplined loan and deposit pricing supported a stable net interest margin. Underlying trends in asset quality remain constructive, with net charge-offs of 20 basis points, provision expense exceeding net charge-offs by $8.3 million and continued positive trends in classified and criticized loans, even as we manage a single relationship that fully migrated to nonperforming in the second quarter.
During the quarter, the continued execution of efficiency initiatives more than funded our investments in the business, reflecting ongoing progress of our continuous improvement mindset. These actions included the elimination of certain positions and further optimization of our real estate footprint through meaningful square footage reductions. As we look to the remainder of the year, we expect to sharpen our focus on the disciplined execution of these types of initiatives, which we believe will more than fund additional investments designed to further enhance the quality and sustainability of our organic growth outlook."
Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $66.7 million for the second quarter of 2026, compared to net income of $68.5 million for the first quarter of 2026 and $54.8 million for the second quarter of 2025. Diluted earnings per share were $0.46 for the second quarter of 2026, compared to $0.47 for the first quarter of 2026 and $0.43 for the second quarter of 2025. Adjusted earnings1 for the second quarter of 2026 were $72.2 million, compared to $68.6 million for the first quarter of 2026 and $56.1 million for the second quarter of 2025. Adjusted diluted earnings per share1 for the second quarter of 2026 were $0.50, compared to $0.47 for the first quarter of 2026 and $0.44 for the second quarter of 2025.
For the second quarter of 2026, return on average assets was 1.09 percent and return on average common equity was 7.69 percent. Adjusted return on average assets1 was 1.17 percent and adjusted return on average tangible common equity1 was 14.37 percent.
The table below summarizes the impact of certain items, consisting primarily of branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services. These items are also described in further detail in the "Reconciliation of Non-GAAP Financial Measures" tables contained in this press release.
Impact of Certain Items on Earnings and Diluted Earnings Per Share (EPS)
$ in millions, except per share data
2Q26
1Q26
2Q25
Net income
$ 66.7
$ 68.5
$ 54.8
Branch/real estate rightsizing costs, net
6.1
0.6
0.2
Severance/early retirement program costs
1.3
0.3
1.6
FDIC deposit insurance special assessment
-
(2.0)
-
Certain professional services
-
1.2
-
Total pre-tax impact
7.4
0.1
1.8
Tax effect
(1.9)
-
(0.5)
Total impact on earnings
5.5
0.1
1.3
Adjusted earnings1, 3
$ 72.2
$ 68.6
$ 56.1
Diluted EPS
$ 0.46
$ 0.47
$ 0.43
Branch/real estate rightsizing costs, net
0.04
-
-
Severance/early retirement program costs
0.01
-
0.01
FDIC deposit insurance special assessment
-
(0.01)
-
Certain professional services
-
0.01
-
Total pre-tax impact
0.05
-
0.01
Tax effect
(0.01)
-
-
Total impact on earnings
0.04
-
0.01
Adjusted Diluted EPS1
$ 0.50
$ 0.47
$ 0.44
Net Interest Income
Net interest income for the second quarter of 2026 totaled $200.6 million, up $3.5 million, or 7 percent annualized, compared to $197.2 million for the first quarter of 2026 and up $28.8 million, or 17 percent, compared to $171.8 million for the second quarter of 2025. The increase in net interest income on a linked quarter basis was primarily due to a $5.9 million increase in interest income, driven by a $7.0 million increase in loan interest income, offset in part by a $2.4 million increase in interest expense. The increase in net interest income on a year-over-year basis was primarily due to a $36.1 million decrease in interest expense, which included a $30.8 million decrease in interest bearing deposit costs and a $5.3 million decrease in the cost of other interest bearing liabilities. The decrease in interest expense compared to the prior year quarter reflected a reduction in wholesale funding as a result of the balance sheet repositioning completed in the third quarter of 2025, as well as a lower interest rate environment.
Net interest margin for the second quarter of 2026 on a fully taxable equivalent (FTE) basis2 was 3.84 percent, unchanged from first quarter 2026 levels and up 78 basis points compared to 3.06 percent for the second quarter of 2025. The increase in net interest margin on a year-over-year basis primarily reflected the balance sheet repositioning that was completed during the third quarter of 2025.
Select Yield/Rates
2Q26
1Q26
4Q25
3Q25
2Q25
Loan yield (FTE)2
6.15 %
6.16 %
6.23 %
6.31 %
6.26 %
Investment securities yield (FTE)2
4.26
4.25
4.30
4.01
3.48
Cost of interest bearing deposits
2.46
2.47
2.62
2.86
2.97
Cost of deposits
1.93
1.96
2.04
2.25
2.36
Net interest spread (FTE)2
3.26
3.27
3.18
2.86
2.41
Net interest margin (FTE)2
3.84
3.84
3.81
3.50
3.06
Noninterest Income
Noninterest income for the second quarter of 2026 was $47.9 million, compared to $44.2 million in the first quarter of 2026 and $42.4 million in the second quarter of 2025. The increase in noninterest income on a linked quarter basis was primarily due to an increase in swap fee income and a positive valuation adjustment on Small Business Investment Company (SBIC) investments in the second quarter of 2026, both of which are included in other income in the table below.
Noninterest Income
$ in millions
2Q26
1Q26
4Q25
3Q25
2Q25
Service charges on deposit accounts
$ 12.3
$ 12.7
$ 12.7
$ 13.0
$ 12.6
Wealth management fees
10.2
10.5
10.3
10.0
9.5
Debit and credit card fees
9.0
8.5
8.7
8.5
8.6
Mortgage lending income
2.0
1.9
2.2
2.3
1.7
Other service charges and fees
1.6
1.6
1.5
1.5
1.3
Bank owned life insurance
4.2
4.2
3.9
3.9
3.9
Gain (loss) on sale of securities
-
-
-
(801.5)
-
Other income
8.6
4.8
12.4
6.1
4.8
Total noninterest income
$ 47.9
$ 44.2
$ 51.7
$(756.2)
$ 42.4
Adjusted noninterest income1
$ 47.9
$ 44.2
$ 51.7
$ 45.9
$ 42.4
Noninterest Expense
Noninterest expense for the second quarter of 2026 was $147.7 million, compared to $140.7 million in the first quarter of 2026 and $138.6 million in the second quarter of 2025. Included in noninterest expense are certain items consisting of branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services. Collectively, these items totaled $7.4 million in the second quarter of 2026, $30 thousand in the first quarter of 2026 and $1.8 million in the second quarter of 2025. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" table below) adjusted noninterest expense1 was $140.3 million in the second quarter of 2026, $140.6 million in the first quarter of 2026 and $136.8 million in the second quarter of 2025. The efficiency ratio for the second quarter of 2026 was 58.72 percent, compared to 57.56 percent for the first quarter of 2026 and 62.82 percent for the second quarter of 2025. The adjusted efficiency ratio1 was 54.26 percent for the second quarter of 2026, compared to 56.16 percent for the first quarter of 2026 and 60.52 percent for the second quarter of 2025.
Noninterest Expense
$ in millions
2Q26
1Q26
4Q25
3Q25
2Q25
Salaries and employee benefits
$ 75.6
$ 75.9
$ 72.9
$ 76.2
$ 73.9
Occupancy expense, net
14.7
12.2
11.6
12.1
11.8
Furniture and equipment
5.7
5.4
5.3
5.3
5.5
Deposit insurance
4.5
2.3
4.7
5.2
4.9
Other real estate and foreclosure expense
0.7
0.3
0.4
0.2
0.2
Other operating expenses
46.6
44.5
44.8
43.0
42.3
Total noninterest expense
$147.7
$140.7
$139.9
$142.0
$138.6
Adjusted salaries and employee benefits1
$ 74.3
$ 75.6
$ 72.9
$ 75.9
$ 72.3
Adjusted other operating expenses1
44.2
43.1
44.0
41.5
42.5
Adjusted noninterest expense1
140.3
140.6
138.6
139.7
136.8
Efficiency ratio
58.72 %
57.56 %
55.52 %
(25.11) %
62.82 %
Adjusted efficiency ratio1
54.26
56.16
53.64
57.72
60.52
Full-time equivalent employees
2,909
2,913
2,917
2,883
2,947
Number of financial centers
220
221
222
223
223
Loans and Unfunded Loan Commitments
Total loans at the end of the second quarter of 2026 were $18.1 billion, up $129.5 million, or 3 percent annualized, compared to $17.9 billion at the end of the first quarter of 2026, and up $951.3 million, or 6 percent, compared to $17.1 billion at the end of the second quarter of 2025. The increase in total loans on a linked quarter basis was driven by increases in agricultural, commercial real estate and consumer and other portfolios, offset in part by a decrease in real estate construction. Unfunded loan commitments at the end of the second quarter of 2026 were $4.4 billion, compared to $4.1 billion at the end of the first quarter of 2026 and $3.9 billion at the end of the second quarter of 2025. The commercial loan pipeline totaled $1.4 billion at the end of the second quarter of 2026, and ready-to-close commercial loans totaled $374 million with a weighted average rate of 6.73 percent.
Loans and Unfunded Loan Commitments
$ in millions
2Q26
1Q26
4Q25
3Q25
2Q25
Total loans
$18,062
$17,933
$17,492
$17,189
$17,111
Unfunded loan commitments
4,384
4,068
3,871
3,955
3,947
Deposits and Other Borrowings
Total deposits at the end of the second quarter of 2026 were $19.7 billion, compared to $20.2 billion at the end of the first quarter of 2026 and $21.8 billion at the end of the second quarter of 2025. Noninterest bearing deposits totaled $4.4 billion at the end of the second quarter of 2026, up $60.8 million, or 6 percent annualized, compared to $4.3 billion at the end of the first quarter of 2026. Interest bearing deposits at the end of the second quarter of 2026 totaled $15.4 billion, compared to $15.9 billion at the end of the first quarter of 2026 and $17.4 billion at the end of the second quarter of 2025. The decrease in interest bearing deposits on a linked quarter basis was driven by lower levels of interest bearing transaction accounts and savings accounts, and time deposits, coupled with a reduction in the utilization of brokered deposits given pricing relative to FHLB advances. The decrease in total deposits on a year-over-year basis primarily reflects a reduction of higher rate, non-relationship wholesale and public fund deposits as part of the balance sheet repositioning completed during the third quarter of 2025.
Other borrowings at the end of the second quarter of 2026 were $941.3 million, compared to $446.8 million at the end of the first quarter of 2026 and $634.3 million at the end of the second quarter of 2025. The increase in other borrowings on a linked quarter basis reflected increased utilization of short-term FHLB advances given favorable pricing.
Deposits
$ in millions
2Q26
1Q26
4Q25
3Q25
2Q25
Noninterest bearing deposits
$ 4,350
$ 4,290
$ 4,330
$ 4,377
$ 4,468
Interest bearing transaction accounts
10,332
10,667
10,453
10,289
10,532
Time deposits
3,233
3,334
3,508
3,331
3,588
Brokered deposits
1,813
1,912
1,893
1,841
3,237
Total deposits
$19,728
$20,203
$20,184
$19,838
$21,825
Noninterest bearing deposits to total deposits
22 %
21 %
21 %
22 %
20 %
Total loans to total deposits
92
89
87
87
78
Asset Quality
Provision for credit losses on loans totaled $17.4 million for the second quarter of 2026, compared to $14.6 million in the first quarter of 2026 and $11.9 million in the second quarter of 2025. Net charge-offs as a percentage of average loans for the second quarter of 2026 were 20 basis points, compared to 21 basis points in the first quarter of 2026 and 25 basis points in the second quarter of 2025. Provision for credit losses on loans exceeded net charge-offs by $8.3 million during the second quarter of 2026. The allowance for credit losses on loans at the end of the second quarter of 2026 was $238.2 million, compared to $229.9 million at the end of the first quarter of 2026 and $253.5 million at the end of the second quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the second quarter of 2026 was 1.32 percent, compared to 1.28 percent at the end of the first quarter of 2026 and 1.48 percent at the end of the second quarter of 2025.
Loans past due 30-89 days as a percentage of total loans were 29 basis points at the end of the second quarter of 2026, compared to 51 basis points at the end of the first quarter of 2026 and 17 basis points at the end of the second quarter of 2025. Total nonperforming loans at the end of the second quarter of 2026 totaled $166.0 million, compared to $141.9 million at the end of the first quarter of 2026 and $157.2 million at the end of the second quarter of 2025. The increase in nonperforming loans on a linked quarter basis primarily reflected further migration of the remaining portion of a single 1-4 family real estate construction relationship previously disclosed in the first quarter of 2026. The nonperforming loan coverage ratio ended the second quarter of 2026 at 143 percent, compared to 162 percent at the end of the first quarter of 2026 and 161 percent at the end of the second quarter of 2025. Total nonperforming assets as a percentage of total assets were 72 basis points at the end of the second quarter of 2026, compared to 63 basis points at the end of the first quarter of 2026 and 62 basis points at the end of the second quarter of 2025.
Asset Quality
$ in millions
2Q26
1Q26
4Q25
3Q25
2Q25
Allowance for credit losses on loans to total loans
1.32 %
1.28 %
1.28 %
1.50 %
1.48 %
Allowance for credit losses on loans to nonperforming loans
143
162
199
168
161
Nonperforming loans to total loans
0.92
0.79
0.64
0.90
0.92
Net charge-off ratio (annualized)
0.20
0.21
1.12
0.25
0.25
Net charge-off ratio YTD (annualized)
0.21
0.21
0.47
0.24
0.24
Loans past due 30-89 days to total loans
0.29
0.51
0.27
0.11
0.17
Total nonperforming loans
$166.1
$141.9
$112.7
$153.9
$157.2
Total other nonperforming assets
11.1
12.6
12.4
6.8
9.5
Total nonperforming assets
$177.2
$154.5
$125.1
$160.7
$166.7
Reserve for unfunded commitments
$25.6
$25.6
$25.6
$25.6
$25.6
Capital
Total stockholders' equity at the end of the second quarter of 2026 was $3.5 billion, compared to $3.4 billion at the end of the first quarter of 2026 and $3.5 billion at the end of the second quarter of 2025. Book value per share at the end of the second quarter of 2026 was $24.11, compared to $23.70 at the end of the first quarter of 2026 and $28.17 at the end of the second quarter of 2025. Tangible book value per share1 at the end of the second quarter of 2026 was $14.42, compared to $14.03 at the end of the first quarter of 2026 and $16.97 at the end of the second quarter of 2025. The increase in book value per share and tangible book value per share on a linked quarter basis was primarily due to a $35.6 million increase in undivided profits. The year-over-year decline in book value per share and tangible book value per share was primarily due to the balance sheet repositioning completed in the third quarter of 2025.
Total stockholders' equity as a percentage of total assets at the end of the second quarter of 2026 was 14.1 percent, compared to 13.9 percent at the end of first quarter of 2026 and 13.3 percent at the end of the second quarter of 2025. Tangible common equity as a percentage of tangible assets1 was 8.9 percent at the end of the second quarter of 2026, compared to 8.7 percent at the end of the first quarter of 2026 and 8.5 percent at the end of the second quarter of 2025. Both Simmons and its principal subsidiary, Simmons Bank, continue to maintain regulatory capital ratios significantly above "well-capitalized" regulatory guidelines.
Select Capital Ratios
2Q26
1Q26
4Q25
3Q25
2Q25
Stockholders' equity to total assets
14.1 %
13.9 %
13.9 %
13.9 %
13.3 %
Tangible common equity to tangible assets1
8.9
8.7
8.7
8.5
8.5
Common equity tier 1 (CET1) ratio
11.6
11.6
11.6
11.5
12.4
Tier 1 leverage ratio
10.2
10.1
10.1
9.6
10.0
Tier 1 risk-based capital ratio
11.6
11.6
11.6
11.5
12.4
Total risk-based capital ratio
14.4
14.4
14.4
15.1
14.4
Share Repurchase Program
During the second quarter of 2026, Simmons repurchased approximately 0.7 million shares of its Class A common stock at an average price of $21.52 under its 2026 stock repurchase program (2026 Program). Remaining authorization under the 2026 Program as of June 30, 2026, was approximately $161 million. The timing, pricing and amount of any repurchases under the 2026 Program will be determined by Simmons' management at its discretion based on a variety of factors, including, but not limited to, market conditions, trading volume and market price of Simmons' common stock, Simmons' capital needs, Simmons' working capital and investment requirements, other corporate considerations, economic conditions, and legal requirements. The 2026 Program does not obligate Simmons to repurchase any common stock and may be modified, discontinued or suspended at any time without prior notice.
(1) Non-GAAP measurement. See "Non-GAAP Financial Measures" and "Reconciliation of Non-GAAP Financial Measures" below
(2) FTE – fully taxable equivalent basis using an effective tax rate of 26.135%
(3) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income"
Conference Call
Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, July 17, 2026. Interested parties can listen to this call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10210202. In addition, the call will be available live or in recorded version on Simmons' website at simmonsbank.com for at least 60 days following the date of the call.
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, noninterest income, and noninterest expense certain income and expense items attributable to, for example, branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services.
In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, or gains and/or losses on the sale of securities. The Company's management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company's ongoing operations without the effect of mergers or other items not central to the Company's ongoing business, as well as normalize for tax effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company's ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.
Forward-Looking Statements
Certain statements in this press release may not be based on historical facts and should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, without limitation, statements made in Mr. Brogdon's quote, may be identified by reference to future periods or by the use of forward-looking terminology, such as "believe," "budget," "expect," "foresee," "anticipate," "intend," "indicate," "target," "estimate," "plan," "project," "continue," "contemplate," "positions," "prospects," "predict," or "potential," by future conditional verbs such as "will," "would," "should," "could," "might" or "may," or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons' future growth, business strategies, lending capacity and lending activity, loan demand, revenue, assets, asset quality, profitability, dividends, net interest margin, non-interest revenue, share repurchase program, acquisition strategy, digital banking initiatives, the Company's ability to recruit and retain key employees, the adequacy of the allowance for credit losses, future economic conditions and interest rates, and the adequacy of reserve levels for loans. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, changes in credit quality, changes in interest rates and related governmental policies, the effects of a government shutdown, changes in loan demand, changes in deposit flows, changes in real estate values, changes in the assumptions used in making the forward-looking statements, changes in the securities markets generally or the price of Simmons' common stock specifically, changes in information technology affecting the financial industry, and changes in customer behaviors, including consumer spending, borrowing, and saving habits; changes in tariff policies; general economic and market conditions; changes in governmental administrations; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts in the Middle East and between Russia and Ukraine) or other major events, or the prospect of these events; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased inflation; the loss of key employees; increased competition in the markets in which the Company operates and from non-bank financial institutions; increased unemployment; labor shortages; claims, damages, and fines related to litigation or government actions; changes in accounting principles relating to loan loss recognition (current expected credit losses); fraud that results in material losses or that the Company has not discovered yet that may result in material losses; the Company's ability to manage and successfully integrate its mergers and acquisitions and to fully realize cost savings and other benefits associated with acquisitions; increased delinquency and foreclosure rates on commercial real estate loans; significant increases in nonaccrual loan balances; cyber or other information technology threats, attacks or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats; reliance on third parties for key services; government legislation; and other factors, many of which are beyond the control of the Company, could cause actual results to differ materially from those projected in or contemplated by the forward-looking statements. In addition, there can be no guarantee that the board of directors (Board) of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Additional information on factors that might affect the Company's financial results is included in the Company's Form 10-K for the year ended December 31, 2025, the Company's Form 10-Q for the quarter ended March 31, 2026, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov.
Simmons First National Corporation
SFNC
Consolidated End of Period Balance Sheets
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
ASSETS
Cash and noninterest bearing balances due from banks
$ 377,602
$ 342,603
$ 380,439
$ 377,604
$ 398,081
Interest bearing balances due from banks and federal funds sold
211,882
205,880
331,474
266,013
246,381
Cash and cash equivalents
589,484
548,483
711,913
643,617
644,462
Interest bearing balances due from banks - time
100
100
100
100
100
Investment securities - held-to-maturity
-
-
-
-
3,591,531
Investment securities - available-for-sale
3,077,181
3,152,286
3,266,221
3,319,277
2,405,320
Mortgage loans held for sale
16,450
14,311
17,438
15,507
16,972
Assets held in trading accounts
14,541
14,543
11,685
12,695
-
Loans:
Loans
18,062,369
17,932,883
17,492,179
17,188,817
17,111,096
Allowance for credit losses on loans
(238,227)
(229,908)
(224,377)
(258,006)
(253,537)
Net loans
17,824,142
17,702,975
17,267,802
16,930,811
16,857,559
Premises and equipment
552,435
557,873
561,220
568,343
573,160
Foreclosed assets and other real estate owned
11,080
12,475
12,009
6,386
8,794
Interest receivable
103,016
101,557
104,062
104,383
120,443
Bank owned life insurance
545,252
542,486
540,001
539,372
535,481
Goodwill
1,320,799
1,320,799
1,320,799
1,320,799
1,320,799
Other intangible assets
78,228
81,325
84,423
87,520
90,617
Other assets
644,108
643,570
643,204
659,352
528,382
Total assets
$ 24,776,816
$ 24,692,783
$ 24,540,877
$ 24,208,162
$ 26,693,620
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Noninterest bearing transaction accounts
$ 4,350,474
$ 4,289,697
$ 4,330,211
$ 4,377,232
$ 4,468,237
Interest bearing transaction accounts and savings deposits
11,133,265
11,311,979
11,141,169
10,932,914
11,176,791
Time deposits
4,244,371
4,601,107
4,712,658
4,527,587
6,179,962
Total deposits
19,728,110
20,202,783
20,184,038
19,837,733
21,824,990
Federal funds purchased and securities sold
under agreements to repurchase
46,216
8,708
21,383
22,348
31,306
Other borrowings
941,256
446,756
302,253
18,832
634,349
Subordinated notes and debentures
312,028
315,700
317,714
648,976
366,369
Accrued interest and other liabilities
267,347
281,102
296,249
326,310
287,396
Total liabilities
21,294,957
21,255,049
21,121,637
20,854,199
23,144,410
Stockholders' equity:
Common stock
1,444
1,451
1,448
1,447
1,260
Surplus
2,837,845
2,848,952
2,846,581
2,848,977
2,518,286
Undivided profits
937,307
901,696
864,341
817,022
1,410,564
Accumulated other comprehensive (loss) income
(294,737)
(314,365)
(293,130)
(313,483)
(380,900)
Total stockholders' equity
3,481,859
3,437,734
3,419,240
3,353,963
3,549,210
Total liabilities and stockholders' equity
$ 24,776,816
$ 24,692,783
$ 24,540,877
$ 24,208,162
$ 26,693,620
Simmons First National Corporation
SFNC
Consolidated Statements of Income - Quarter-to-Date
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands, except per share data)
INTEREST INCOME
Loans (including fees)
$ 274,271
$ 267,287
$ 270,868
$ 269,210
$ 265,373
Interest bearing balances due from banks and federal funds sold
2,058
2,320
2,485
6,421
2,531
Investment securities
31,013
31,882
33,833
37,464
46,898
Mortgage loans held for sale
202
203
227
229
221
Assets held in trading accounts
136
122
118
99
-
TOTAL INTEREST INCOME
307,680
301,814
307,531
313,423
315,023
INTEREST EXPENSE
Time deposits
36,996
39,949
41,989
49,064
57,231
Other deposits
58,536
57,653
60,516
67,546
69,108
Federal funds purchased and securities
-
sold under agreements to repurchase
426
36
57
72
59
Other borrowings
5,873
1,746
2,138
2,957
10,613
Subordinated notes and debentures
5,222
5,262
5,535
7,123
6,188
TOTAL INTEREST EXPENSE
107,053
104,646
110,235
126,762
143,199
NET INTEREST INCOME
200,627
197,168
197,296
186,661
171,824
PROVISION FOR CREDIT LOSSES
Provision for credit losses on loans
17,434
14,622
15,116
15,180
11,945
Provision for credit losses on investment securities - HTM
-
-
-
(3,214)
-
TOTAL PROVISION FOR CREDIT LOSSES
17,434
14,622
15,116
11,966
11,945
NET INTEREST INCOME AFTER PROVISION
FOR CREDIT LOSSES
183,193
182,546
182,180
174,695
159,879
NONINTEREST INCOME
Service charges on deposit accounts
12,329
12,656
12,669
13,045
12,588
Debit and credit card fees
9,008
8,503
8,660
8,478
8,567
Wealth management fees
10,240
10,533
10,337
9,965
9,464
Mortgage lending income
1,994
1,854
2,232
2,259
1,687
Bank owned life insurance income
4,218
4,218
3,942
3,943
3,890
Other service charges and fees (includes insurance income)
1,551
1,606
1,503
1,474
1,321
Gain (loss) on sale of securities
-
-
-
(801,492)
-
Other income
8,599
4,827
12,365
6,141
4,837
TOTAL NONINTEREST INCOME
47,939
44,197
51,708
(756,187)
42,354
NONINTEREST EXPENSE
Salaries and employee benefits
75,590
75,885
72,924
76,249
73,862
Occupancy expense, net
14,715
12,218
11,636
12,106
11,844
Furniture and equipment expense
5,739
5,423
5,304
5,275
5,474
Other real estate and foreclosure expense
695
315
432
200
216
Deposit insurance
4,450
2,295
4,736
5,175
4,917
Other operating expenses
46,550
44,537
44,830
43,027
42,276
TOTAL NONINTEREST EXPENSE
147,739
140,673
139,862
142,032
138,589
NET INCOME (LOSS) BEFORE INCOME TAXES
83,393
86,070
94,026
(723,524)
63,644
Provision for income taxes
16,702
17,526
15,948
(160,732)
8,871
NET INCOME (LOSS)
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
BASIC EARNINGS PER SHARE
$ 0.46
$ 0.47
$ 0.54
$ (4.01)
$ 0.43
DILUTED EARNINGS PER SHARE
$ 0.46
$ 0.47
$ 0.54
$ (4.00)
$ 0.43
Simmons First National Corporation
SFNC
Consolidated Risk-Based Capital
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Tier 1 capital
Stockholders' equity
$ 3,481,859
$ 3,437,734
$ 3,419,240
$ 3,353,963
$ 3,549,210
Disallowed intangible assets, net of deferred tax
(1,367,717)
(1,370,562)
(1,374,839)
(1,376,255)
(1,379,104)
Unrealized loss (gain) on AFS securities
294,737
314,365
293,130
313,483
380,900
Total Tier 1 capital
2,408,879
2,381,537
2,337,531
2,291,191
2,551,006
Tier 2 capital
Subordinated notes and debentures
312,028
315,700
317,714
648,976
366,369
Subordinated debt phase out
-
-
-
(198,000)
(198,000)
Qualifying allowance for loan losses and
reserve for unfunded commitments
259,693
255,537
250,006
248,710
258,079
Total Tier 2 capital
571,721
571,237
567,720
699,686
426,448
Total risk-based capital
$ 2,980,600
$ 2,952,774
$ 2,905,251
$ 2,990,877
$ 2,977,454
Risk weighted assets
$ 20,771,268
$ 20,565,445
$ 20,106,493
$ 19,861,879
$ 20,646,324
Adjusted average assets for leverage ratio
$ 23,617,439
$ 23,487,513
$ 23,224,638
$ 23,963,356
$ 25,606,135
Ratios at end of quarter
Equity to assets
14.05 %
13.92 %
13.93 %
13.85 %
13.30 %
Tangible common equity to tangible assets (1)
8.91 %
8.74 %
8.71 %
8.53 %
8.46 %
Common equity Tier 1 ratio (CET1)
11.60 %
11.58 %
11.63 %
11.54 %
12.36 %
Tier 1 leverage ratio
10.20 %
10.14 %
10.06 %
9.56 %
9.96 %
Tier 1 risk-based capital ratio
11.60 %
11.58 %
11.63 %
11.54 %
12.36 %
Total risk-based capital ratio
14.35 %
14.36 %
14.45 %
15.07 %
14.42 %
(1) Calculations of tangible common equity to tangible assets and the reconciliations to GAAP are included in the schedules accompanying this release.
Simmons First National Corporation
SFNC
Consolidated Investment Securities
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Investment Securities - End of Period
Held-to-Maturity
U.S. Government agencies
$ -
$ -
$ -
$ -
$ 457,228
Mortgage-backed securities
-
-
-
-
1,024,313
State and political subdivisions
-
-
-
-
1,855,614
Other securities
-
-
-
-
254,376
Total held-to-maturity (net of credit losses)
-
-
-
-
3,591,531
Available-for-Sale
U.S. Treasury
$ -
$ -
$ -
$ -
$ 400
U.S. Government agencies
44,425
46,329
47,172
48,355
49,498
Mortgage-backed securities
2,061,760
2,128,732
2,201,958
2,249,593
1,349,991
State and political subdivisions
865,467
838,880
859,071
845,371
807,842
Other securities
105,529
138,345
158,020
175,958
197,589
Total available-for-sale (net of credit losses)
3,077,181
3,152,286
3,266,221
3,319,277
2,405,320
Total investment securities (net of credit losses)
$ 3,077,181
$ 3,152,286
$ 3,266,221
$ 3,319,277
$ 5,996,851
Fair value - HTM investment securities
$ -
$ -
$ -
$ -
$ 2,891,974
Simmons First National Corporation
SFNC
Consolidated Loans
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Loan Portfolio - End of Period
Consumer:
Credit cards
$ 174,148
$ 172,610
$ 175,760
$ 173,020
$ 176,166
Other consumer
99,117
96,387
115,472
112,335
123,831
Total consumer
273,265
268,997
291,232
285,355
299,997
Real Estate:
Construction
2,577,630
2,621,859
2,873,807
2,874,823
2,784,578
Single-family residential
2,564,282
2,566,162
2,607,450
2,617,849
2,625,717
Other commercial real estate
8,828,771
8,764,648
8,289,968
7,875,649
7,961,412
Total real estate
13,970,683
13,952,669
13,771,225
13,368,321
13,371,707
Commercial:
Commercial
2,516,607
2,521,440
2,382,339
2,397,388
2,440,507
Agricultural
426,522
333,508
306,300
353,181
333,078
Total commercial
2,943,129
2,854,948
2,688,639
2,750,569
2,773,585
Other
875,292
856,269
741,083
784,572
665,807
Total loans
$ 18,062,369
$ 17,932,883
$ 17,492,179
$ 17,188,817
$ 17,111,096
Simmons First National Corporation
SFNC
Consolidated Allowance and Asset Quality
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Allowance for Credit Losses on Loans
Beginning balance
$ 229,908
$ 224,377
$ 258,006
$ 253,537
$ 252,168
Loans charged off:
Credit cards
1,368
1,677
1,346
1,862
1,702
Other consumer
350
590
550
600
351
Real estate
5,465
6,629
25,850
1,350
1,450
Commercial
3,520
1,666
22,004
8,079
8,257
Total loans charged off
10,703
10,562
49,750
11,891
11,760
Recoveries of loans previously charged off:
Credit cards
244
468
347
257
334
Other consumer
381
301
163
303
294
Real estate
151
449
105
115
87
Commercial
812
253
390
505
469
Total recoveries
1,588
1,471
1,005
1,180
1,184
Net loans charged off
9,115
9,091
48,745
10,711
10,576
Provision for credit losses on loans
17,434
14,622
15,116
15,180
11,945
Balance, end of quarter
$ 238,227
$ 229,908
$ 224,377
$ 258,006
$ 253,537
Nonperforming assets
Nonperforming loans:
Nonaccrual loans
$ 165,295
$ 141,233
$ 111,791
$ 153,516
$ 156,453
Loans past due 90 days or more
753
647
948
423
709
Total nonperforming loans
166,048
141,880
112,739
153,939
157,162
Other nonperforming assets:
Foreclosed assets and other real estate owned
11,080
12,475
12,009
6,386
8,794
Other nonperforming assets
60
181
323
392
759
Total other nonperforming assets
11,140
12,656
12,332
6,778
9,553
Total nonperforming assets
$ 177,188
$ 154,536
$ 125,071
$ 160,717
$ 166,715
Loans past due 30-89 days (excluding nonaccrual)
$ 52,308
$ 91,245
$ 47,016
$ 19,207
$ 28,313
Ratios
Allowance for credit losses on loans to total loans
1.32 %
1.28 %
1.28 %
1.50 %
1.48 %
Allowance for credit losses to nonperforming loans
143 %
162 %
199 %
168 %
161 %
Nonperforming loans to total loans
0.92 %
0.79 %
0.64 %
0.90 %
0.92 %
Nonperforming assets to total assets
0.72 %
0.63 %
0.51 %
0.66 %
0.62 %
Annualized net charge offs to average loans (QTD)
0.20 %
0.21 %
1.12 %
0.25 %
0.25 %
Annualized net charge offs to average loans (YTD)
0.21 %
0.21 %
0.47 %
0.24 %
0.24 %
Annualized net credit card charge offs to
average credit card loans (QTD)
2.57 %
2.81 %
2.23 %
3.64 %
2.99 %
Loans past due 30-89 days to total loans
0.29 %
0.51 %
0.27 %
0.11 %
0.17 %
Simmons First National Corporation
SFNC
Consolidated - Average Balance Sheet and Net Interest Income Analysis
For the Quarters Ended
(Unaudited)
Three Months Ended
Jun 2026
Three Months Ended
Mar 2026
Three Months Ended
Jun 2025
($ in thousands)
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
ASSETS
Earning assets:
Interest bearing balances due from banks
and federal funds sold
$ 199,704
$ 2,058
4.13 %
$ 251,620
$ 2,320
3.74 %
$ 219,928
$ 2,531
4.62 %
Investment securities - taxable
2,301,053
25,472
4.44 %
2,408,546
26,311
4.43 %
3,483,805
31,233
3.60 %
Investment securities - non-taxable (FTE)
802,448
7,502
3.75 %
820,278
7,542
3.73 %
2,564,037
21,210
3.32 %
Mortgage loans held for sale
13,556
202
5.98 %
13,800
203
5.97 %
13,063
221
6.79 %
Assets held in trading accounts
14,731
136
3.70 %
13,748
122
3.60 %
-
-
0.00 %
Loans - including fees (FTE)
17,956,572
275,339
6.15 %
17,658,807
268,328
6.16 %
17,046,802
266,250
6.26 %
Total interest earning assets (FTE)
21,288,064
310,709
5.85 %
21,166,799
304,826
5.84 %
23,327,635
321,445
5.53 %
Non-earning assets
3,349,957
3,366,206
3,317,496
Total assets
$ 24,638,021
$ 24,533,005
$ 26,645,131
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
Interest bearing transaction and
savings accounts
$ 11,192,627
$ 58,536
2.10 %
$ 11,328,148
$ 57,653
2.06 %
$ 11,220,060
$ 69,108
2.47 %
Time deposits
4,406,355
36,996
3.37 %
4,678,058
39,949
3.46 %
5,820,499
57,231
3.94 %
Total interest bearing deposits
15,598,982
95,532
2.46 %
16,006,206
97,602
2.47 %
17,040,559
126,339
2.97 %
Federal funds purchased and securities
sold under agreement to repurchase
57,758
426
2.96 %
17,743
36
0.82 %
32,565
59
0.73 %
Other borrowings
635,693
5,873
3.71 %
192,345
1,746
3.68 %
960,817
10,613
4.43 %
Subordinated notes and debentures
314,108
5,222
6.67 %
318,635
5,262
6.70 %
366,350
6,188
6.77 %
Total interest bearing liabilities
16,606,541
107,053
2.59 %
16,534,929
104,646
2.57 %
18,400,291
143,199
3.12 %
Noninterest bearing liabilities:
Noninterest bearing deposits
4,272,088
4,229,952
4,390,454
Other liabilities
280,861
297,864
308,223
Total liabilities
21,159,490
21,062,745
23,098,968
Stockholders' equity
3,478,531
3,470,260
3,546,163
Total liabilities and stockholders' equity
$ 24,638,021
$ 24,533,005
$ 26,645,131
Net interest income (FTE)
$ 203,656
$ 200,180
$ 178,246
Net interest spread (FTE)
3.26 %
3.27 %
2.41 %
Net interest margin (FTE)
3.84 %
3.84 %
3.06 %
Simmons First National Corporation
SFNC
Consolidated - Selected Financial Data
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands, except share data)
QUARTER-TO-DATE
Financial Highlights - As Reported
Net Income (loss)
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
Diluted earnings per share
0.46
0.47
0.54
(4.00)
0.43
Return on average assets
1.09 %
1.13 %
1.28 %
-8.96 %
0.82 %
Return on average tangible assets (non-GAAP) (1)
1.19 %
1.24 %
1.40 %
-9.46 %
0.91 %
Return on average common equity
7.69 %
8.01 %
9.08 %
-66.29 %
6.20 %
Return on tangible common equity (non-GAAP) (1)
13.32 %
13.90 %
15.92 %
-113.56 %
10.73 %
Net interest margin (FTE)
3.84 %
3.84 %
3.81 %
3.50 %
3.06 %
Efficiency ratio (2)
58.72 %
57.56 %
55.52 %
-25.11 %
62.82 %
FTE adjustment
3,029
3,012
2,890
3,811
6,422
Average diluted shares outstanding
145,323,958
145,340,410
145,210,222
140,648,704
126,406,453
Shares repurchased under plan
662,082
-
-
-
-
Average price of shares repurchased
21.52
-
-
-
-
Cash dividends declared per common share
0.215
0.215
0.213
0.213
0.213
Accretable yield on acquired loans
778
902
749
725
1,263
Financial Highlights - Adjusted (non-GAAP) (1)
Adjusted earnings
$ 72,171
$ 68,566
$ 78,975
$ 64,930
$ 56,071
Adjusted diluted earnings per share
0.50
0.47
0.54
0.46
0.44
Adjusted return on average assets
1.17 %
1.13 %
1.29 %
1.03 %
0.84 %
Adjusted return on average tangible assets (non-GAAP) (1)
1.29 %
1.24 %
1.41 %
1.13 %
0.93 %
Adjusted return on average common equity
8.32 %
8.01 %
9.19 %
7.65 %
6.34 %
Adjusted return on tangible common equity
14.37 %
13.91 %
16.10 %
13.62 %
10.97 %
Adjusted efficiency ratio (2)
54.26 %
56.16 %
53.64 %
57.72 %
60.52 %
YEAR-TO-DATE
Financial Highlights - GAAP
Net Income (loss)
$ 135,235
$ 68,544
$ (397,553)
$ (475,631)
$ 87,161
Diluted earnings per share
0.93
0.47
(2.95)
(3.63)
0.69
Return on average assets
1.11 %
1.13 %
-1.55 %
-2.44 %
0.66 %
Return on average tangible assets (non-GAAP) (1)
1.22 %
1.24 %
-1.60 %
-2.54 %
0.74 %
Return on average common equity
7.85 %
8.01 %
-11.45 %
-18.21 %
4.94 %
Return on tangible common equity (non-GAAP) (1)
13.61 %
13.90 %
-18.84 %
-30.13 %
8.67 %
Net interest margin (FTE)
3.84 %
3.84 %
3.32 %
3.17 %
3.01 %
Efficiency ratio (2)
58.15 %
57.56 %
460.26 %
-329.30 %
64.86 %
FTE adjustment
6,041
3,012
19,537
16,647
12,836
Average diluted shares outstanding
145,335,181
145,340,410
134,731,180
131,132,891
126,325,650
Cash dividends declared per common share
0.430
0.215
0.850
0.638
0.425
Financial Highlights - Adjusted (non-GAAP) (1)
Adjusted earnings
$ 140,737
$ 68,566
$ 233,098
$ 154,123
$ 89,193
Adjusted diluted earnings per share
0.97
0.47
1.73
1.18
0.71
Adjusted return on average assets
1.15 %
1.13 %
0.91 %
0.79 %
0.67 %
Adjusted return on average tangible assets (non-GAAP) (1)
1.26 %
1.24 %
1.00 %
0.87 %
0.75 %
Adjusted return on average common equity
8.17 %
8.01 %
6.71 %
5.90 %
5.06 %
Adjusted return on tangible common equity
14.14 %
13.91 %
11.78 %
10.37 %
8.86 %
Adjusted efficiency ratio (2)
55.20 %
56.16 %
58.92 %
60.90 %
62.62 %
END OF PERIOD
Book value per share
$ 24.11
$ 23.70
$ 23.62
$ 23.18
$ 28.17
Tangible book value per share
14.42
14.03
13.91
13.45
16.97
Shares outstanding
144,442,482
145,058,331
144,762,817
144,703,075
125,996,248
Full-time equivalent employees
2,909
2,913
2,917
2,883
2,947
Total number of financial centers
220
221
222
223
223
(1) Non-GAAP measurement that management believes aids in the understanding and discussion of results. Reconciliations to GAAP are included in the schedules accompanying this release.
(2) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Quarter-to-Date
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
(in thousands, except per share data)
QUARTER-TO-DATE
Net income (loss)
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
570
-
FDIC Deposit Insurance special assessment
-
(1,984)
-
-
-
Certain professional services
-
1,200
-
-
-
Severance/early retirement program costs
1,320
283
-
305
1,594
Termination of vendor and software services
-
-
12
-
-
Loss on sale of Equipment Finance business
-
-
1,118
-
-
Loss (gain) on sale of securities
-
-
-
801,492
-
Branch/real estate rightsizing costs, net
6,099
531
85
2,004
163
Tax effect of certain items (1)
(1,939)
(8)
(318)
(176,649)
(459)
Certain items, net of tax
5,480
22
897
627,722
1,298
Adjusted earnings (non-GAAP) (2)
$ 72,171
$ 68,566
$ 78,975
$ 64,930
$ 56,071
Diluted earnings per share
$ 0.46
$ 0.47
$ 0.54
$ (4.00)
$ 0.43
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
-
-
FDIC Deposit Insurance special assessment
-
(0.01)
-
-
-
Certain professional services
-
0.01
-
-
-
Severance/early retirement program costs
0.01
-
-
-
0.01
Termination of vendor and software services
-
-
-
-
-
Loss on sale of Equipment Finance business
-
-
0.01
-
-
Loss (gain) on sale of securities
-
-
-
5.70
-
Branch/real estate rightsizing costs, net
0.04
-
-
0.01
-
Tax effect of certain items (1)
(0.01)
-
(0.01)
(1.25)
-
Certain items, net of tax
0.04
-
-
4.46
0.01
Adjusted diluted earnings per share (non-GAAP)
$ 0.50
$ 0.47
$ 0.54
$ 0.46
$ 0.44
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items
(2) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."
Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)
Adjusted salaries and employee benefits (non-GAAP)
$ 149,876
$ 75,602
$ 295,960
$ 223,036
$ 147,093
Other operating expenses
$ 91,087
$ 44,537
$ 176,184
$ 131,354
$ 88,327
Certain other operating expenses items
Certain professional services
(1,200)
(1,200)
-
-
-
Termination of vendor and software services
-
-
(12)
-
-
Loss on sale of Equipment Finance business
-
-
(1,118)
-
-
Branch/real estate rightsizing costs
(2,604)
(205)
(1,135)
(1,462)
94
Adjusted other operating expenses (non-GAAP)
$ 87,283
$ 43,132
$ 173,919
$ 129,892
$ 88,421
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - End of Period
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands, except per share data)
Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets
Total common stockholders' equity
$ 3,481,859
$ 3,437,734
$ 3,419,240
$ 3,353,963
$ 3,549,210
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(78,228)
(81,325)
(84,423)
(87,520)
(90,617)
Total intangibles
(1,399,027)
(1,402,124)
(1,405,222)
(1,408,319)
(1,411,416)
Tangible common stockholders' equity
$ 2,082,832
$ 2,035,610
$ 2,014,018
$ 1,945,644
$ 2,137,794
Total assets
$ 24,776,816
$ 24,692,783
$ 24,540,877
$ 24,208,162
$ 26,693,620
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(78,228)
(81,325)
(84,423)
(87,520)
(90,617)
Total intangibles
(1,399,027)
(1,402,124)
(1,405,222)
(1,408,319)
(1,411,416)
Tangible assets
$ 23,377,789
$ 23,290,659
$ 23,135,655
$ 22,799,843
$ 25,282,204
Ratio of common equity to assets
14.05 %
13.92 %
13.93 %
13.85 %
13.30 %
Ratio of tangible common equity to tangible assets
8.91 %
8.74 %
8.71 %
8.53 %
8.46 %
Calculation of Tangible Book Value per Share
Total common stockholders' equity
$ 3,481,859
$ 3,437,734
$ 3,419,240
$ 3,353,963
$ 3,549,210
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(78,228)
(81,325)
(84,423)
(87,520)
(90,617)
Total intangibles
(1,399,027)
(1,402,124)
(1,405,222)
(1,408,319)
(1,411,416)
Tangible common stockholders' equity
$ 2,082,832
$ 2,035,610
$ 2,014,018
$ 1,945,644
$ 2,137,794
Shares of common stock outstanding
144,442,482
145,058,331
144,762,817
144,703,075
125,996,248
Book value per common share
$ 24.11
$ 23.70
$ 23.62
$ 23.18
$ 28.17
Tangible book value per common share
$ 14.42
$ 14.03
$ 13.91
$ 13.45
$ 16.97
Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits
Uninsured deposits at Simmons Bank
$ 7,213,361
$ 7,385,688
$ 9,640,677
$ 9,565,766
$ 8,407,847
Less: Collateralized deposits (excluding portion that is FDIC insured)
2,385,340
2,509,728
2,363,327
2,169,362
2,691,215
Less: Intercompany eliminations
324,404
432,795
2,729,191
2,937,147
1,121,932
Total uninsured, non-collateralized deposits
$ 4,503,617
$ 4,443,165
$ 4,548,159
$ 4,459,257
$ 4,594,700
FHLB borrowing availability
$ 5,412,000
$ 5,831,000
$ 5,999,000
$ 6,134,000
$ 5,133,000
Unpledged securities
1,488,000
1,571,000
1,480,000
1,575,000
3,697,000
Fed funds lines, Fed discount window and
Bank Term Funding Program (1)
1,953,000
1,595,000
1,836,000
1,824,000
1,894,000
Additional liquidity sources
$ 8,853,000
$ 8,997,000
$ 9,315,000
$ 9,533,000
$ 10,724,000
Uninsured, non-collateralized deposit coverage ratio
2.0
2.0
2.0
2.1
2.3
(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss)
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
Amortization of intangibles, net of taxes
2,287
2,288
2,288
2,287
2,289
Total adjusted tangible net income (non-GAAP)
$ 68,978
$ 70,832
$ 80,366
$ (560,505)
$ 57,062
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
570
-
FDIC Deposit Insurance special assessment
-
(1,984)
-
-
-
Certain professional services
-
1,200
-
-
-
Severance/early retirement program costs
1,320
283
-
305
1,594
Termination of vendor and software services
-
-
12
-
-
Loss on sale of Equipment Finance business
-
-
1,118
-
-
Loss (gain) on sale of securities
-
-
-
801,492
-
Branch/real estate rightsizing costs, net
6,099
531
85
2,004
163
Tax effect of certain items (1)
(1,939)
(8)
(318)
(176,649)
(459)
Adjusted earnings (non-GAAP)
72,171
68,566
78,975
64,930
56,071
Amortization of intangibles, net of taxes
2,287
2,288
2,288
2,287
2,289
Total adjusted tangible net income (non-GAAP)
$ 74,458
$ 70,854
$ 81,263
$ 67,217
$ 58,360
Average total assets
$ 24,638,021
$ 24,533,005
$ 24,254,447
$ 24,914,922
$ 26,645,131
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(80,123)
(83,248)
(86,206)
(89,349)
(92,432)
Total average intangibles
(1,400,922)
(1,404,047)
(1,407,005)
(1,410,148)
(1,413,231)
Average tangible assets (non-GAAP)
$ 23,237,099
$ 23,128,958
$ 22,847,442
$ 23,504,774
$ 25,231,900
Return on average assets
1.09 %
1.13 %
1.28 %
-8.96 %
0.82 %
Adjusted return on average assets (non-GAAP)
1.17 %
1.13 %
1.29 %
1.03 %
0.84 %
Return on average tangible assets (non-GAAP)
1.19 %
1.24 %
1.40 %
-9.46 %
0.91 %
Adjusted return on average tangible assets (non-GAAP)
1.29 %
1.24 %
1.41 %
1.13 %
0.93 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
Amortization of intangibles, net of taxes
2,287
2,288
2,288
2,287
2,289
Total income available to common stockholders
$ 68,978
$ 70,832
$ 80,366
$ (560,505)
$ 57,062
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
570
-
FDIC Deposit Insurance special assessment
-
(1,984)
-
-
-
Certain professional services
-
1,200
-
-
-
Severance/early retirement program costs
1,320
283
-
305
1,594
Termination of vendor and software services
-
-
12
-
-
Loss on sale of Equipment Finance business
-
-
1,118
-
-
Loss (gain) on sale of securities
-
-
-
801,492
-
Branch/real estate rightsizing costs, net
6,099
531
85
2,004
163
Tax effect of certain items (1)
(1,939)
(8)
(318)
(176,649)
(459)
Adjusted earnings (non-GAAP)
72,171
68,566
78,975
64,930
56,071
Amortization of intangibles, net of taxes
2,287
2,288
2,288
2,287
2,289
Total adjusted earnings available to common stockholders (non-GAAP)
$ 74,458
$ 70,854
$ 81,263
$ 67,217
$ 58,360
Average common stockholders' equity
$ 3,478,531
$ 3,470,260
$ 3,410,017
$ 3,368,308
$ 3,546,163
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(80,123)
(83,248)
(86,206)
(89,349)
(92,432)
Total average intangibles
(1,400,922)
(1,404,047)
(1,407,005)
(1,410,148)
(1,413,231)
Average tangible common stockholders' equity (non-GAAP)
$ 2,077,609
$ 2,066,213
$ 2,003,012
$ 1,958,160
$ 2,132,932
Return on average common equity
7.69 %
8.01 %
9.08 %
-66.29 %
6.20 %
Return on tangible common equity
13.32 %
13.90 %
15.92 %
-113.56 %
10.73 %
Adjusted return on average common equity (non-GAAP)
8.32 %
8.01 %
9.19 %
7.65 %
6.34 %
Adjusted return on tangible common equity (non-GAAP)
14.37 %
13.91 %
16.10 %
13.62 %
10.97 %
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date (continued)
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator)
$ 147,739
$ 140,673
$ 139,862
$ 142,032
$ 138,589
Certain noninterest expense items (non-GAAP)
Severance/early retirement program costs
(1,320)
(283)
-
(305)
(1,594)
FDIC Deposit Insurance special assessment
-
1,984
-
-
-
Certain professional services
-
(1,200)
-
-
-
Termination of vendor and software services
-
-
(12)
-
-
Loss on sale of Equipment Finance business
-
-
(1,118)
-
-
Branch/real estate rightsizing costs
(6,099)
(531)
(85)
(2,004)
(163)
Other real estate and foreclosure expense adjustment
(695)
(315)
(432)
(200)
(216)
Amortization of intangibles adjustment
(3,097)
(3,097)
(3,097)
(3,097)
(3,098)
Adjusted efficiency ratio numerator
$ 136,528
$ 137,231
$ 135,118
$ 136,426
$ 133,518
Net interest income
$ 200,627
$ 197,168
$ 197,296
$ 186,661
$ 171,824
Noninterest income
47,939
44,197
51,708
(756,187)
42,354
Fully tax-equivalent adjustment (2)
3,029
3,012
2,890
3,811
6,422
Efficiency ratio denominator
251,595
244,377
251,894
(565,715)
220,600
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
570
-
(Gain) loss on sale of securities
-
-
-
801,492
-
Adjusted efficiency ratio denominator
$ 251,595
$ 244,377
$ 251,894
$ 236,347
$ 220,600
Efficiency ratio (1)
58.72 %
57.56 %
55.52 %
-25.11 %
62.82 %
Adjusted efficiency ratio (non-GAAP) (1)
54.26 %
56.16 %
53.64 %
57.72 %
60.52 %
Calculation of Total Revenue and Adjusted Total Revenue
Net interest income
$ 200,627
$ 197,168
$ 197,296
$ 186,661
$ 171,824
Noninterest income
47,939
44,197
51,708
(756,187)
42,354
Total revenue
248,566
241,365
249,004
(569,526)
214,178
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt
-
-
-
570
-
Less: Gain (loss) on sale of securities
-
-
-
(801,492)
-
Adjusted total revenue
$ 248,566
$ 241,365
$ 249,004
$ 232,536
$ 214,178
Calculation of Pre-Provision Net Revenue (PPNR)
Net interest income
$ 200,627
$ 197,168
$ 197,296
$ 186,661
$ 171,824
Noninterest income
47,939
44,197
51,708
(756,187)
42,354
Total revenue
248,566
241,365
249,004
(569,526)
214,178
Less: Noninterest expense
147,739
140,673
139,862
142,032
138,589
Pre-Provision Net Revenue (PPNR)
$ 100,827
$ 100,692
$ 109,142
$ (711,558)
$ 75,589
Calculation of Adjusted Pre-Provision Net Revenue
Pre-Provision Net Revenue (PPNR)
$ 100,827
$ 100,692
$ 109,142
$ (711,558)
$ 75,589
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt
-
-
-
570
-
Plus: Loss (gain) on sale of securities
-
-
-
801,492
-
Plus: FDIC Deposit Insurance special assessment
-
(1,984)
-
-
-
Plus: Certain professional services
-
1,200
-
-
-
Plus: Severance/early retirement program costs
1,320
283
-
305
1,594
Plus: Termination of vendor and software services
-
-
12
-
-
Plus: Loss on sale of Equipment Finance business
-
-
1,118
-
-
Plus: Branch/real estate rightsizing costs, net
6,099
531
85
2,004
163
Adjusted Pre-Provision Net Revenue
$ 108,246
$ 100,722
$ 110,357
$ 92,813
$ 77,346
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent} and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss)
$ 135,235
$ 68,544
$ (397,553)
$ (475,631)
$ 87,161
Amortization of intangibles, net of taxes
4,575
2,288
9,469
7,181
4,894
Total adjusted tangible net income (non-GAAP)
$ 139,810
$ 70,832
$ (388,084)
$ (468,450)
$ 92,055
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
570
570
-
FDIC Deposit Insurance special assessment
(1,984)
(1,984)
-
-
-
Certain professional services
1,200
1,200
-
-
-
Severance/early retirement program costs
1,603
283
1,899
1,899
1,594
Termination of vendor and software services
-
-
12
-
-
Loss on sale of Equipment Finance business
-
-
1,118
-
-
Loss (gain) on sale of securities
-
-
801,492
801,492
-
Branch/real estate rightsizing costs, net
6,630
531
3,246
3,161
1,157
Tax effect of certain items (1)
(1,947)
(8)
(177,686)
(177,368)
(719)
Adjusted earnings (non-GAAP)
140,737
68,566
233,098
154,123
89,193
Amortization of intangibles, net of taxes
4,575
2,288
9,469
7,181
4,894
Total adjusted tangible net income (non-GAAP)
$ 145,312
$ 70,854
$ 242,567
$ 161,304
$ 94,087
Average total assets
$ 24,585,803
$ 24,533,005
$ 25,614,700
$ 26,073,100
$ 26,661,787
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(81,677)
(83,248)
(90,913)
(92,499)
(94,100)
Total average intangibles
(1,402,476)
(1,404,047)
(1,411,712)
(1,413,298)
(1,414,899)
Average tangible assets (non-GAAP)
$ 23,183,327
$ 23,128,958
$ 24,202,988
$ 24,659,802
$ 25,246,888
Return on average assets
1.11 %
1.13 %
-1.55 %
-2.44 %
0.66 %
Adjusted return on average assets (non-GAAP)
1.15 %
1.13 %
0.91 %
0.79 %
0.67 %
Return on average tangible assets (non-GAAP)
1.22 %
1.24 %
-1.60 %
-2.54 %
0.74 %
Adjusted return on average tangible assets (non-GAAP)
1.26 %
1.24 %
1.00 %
0.87 %
0.75 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders
$ 135,235
$ 68,544
$ (397,553)
$ (475,631)
$ 87,161
Amortization of intangibles, net of taxes
4,575
2,288
9,469
7,181
4,894
Total income available to common stockholders
$ 139,810
$ 70,832
$ (388,084)
$ (468,450)
$ 92,055
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
570
570
-
FDIC Deposit Insurance special assessment
(1,984)
(1,984)
-
-
-
Certain professional services
1,200
1,200
-
-
-
Severance/early retirement program costs
1,603
283
1,899
1,899
1,594
Termination of vendor and software services
-
-
12
-
-
Loss on sale of Equipment Finance business
-
-
1,118
-
-
Loss (gain) on sale of securities
-
-
801,492
801,492
-
Branch/real estate rightsizing costs, net
6,630
531
3,246
3,161
1,157
Tax effect of certain items (1)
(1,947)
(8)
(177,686)
(177,368)
(719)
Adjusted earnings (non-GAAP)
140,737
68,566
233,098
154,123
89,193
Amortization of intangibles, net of taxes
4,575
2,288
9,469
7,181
4,894
Total adjusted earnings available to common stockholders (non-GAAP)
$ 145,312
$ 70,854
$ 242,567
$ 161,304
$ 94,087
Average common stockholders' equity
$ 3,474,419
$ 3,470,260
$ 3,471,531
$ 3,492,261
$ 3,555,265
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(81,677)
(83,248)
(90,913)
(92,499)
(94,100)
Total average intangibles
(1,402,476)
(1,404,047)
(1,411,712)
(1,413,298)
(1,414,899)
Average tangible common stockholders' equity (non-GAAP)
$ 2,071,943
$ 2,066,213
$ 2,059,819
$ 2,078,963
$ 2,140,366
Return on average common equity
7.85 %
8.01 %
-11.45 %
-18.21 %
4.94 %
Return on tangible common equity
13.61 %
13.90 %
-18.84 %
-30.13 %
8.67 %
Adjusted return on average common equity (non-GAAP)
8.17 %
8.01 %
6.71 %
5.90 %
5.06 %
Adjusted return on tangible common equity (non-GAAP)
14.14 %
13.91 %
11.78 %
10.37 %
8.86 %
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date
For the Quarters Ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
(Unaudited)
2026
2026
2025
2025
2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator)
$ 288,412
$ 140,673
$ 565,063
$ 425,201
$ 283,169
Certain noninterest expense items (non-GAAP)
Severance/early retirement program costs
(1,603)
(283)
(1,899)
(1,899)
(1,594)
FDIC Deposit Insurance special assessment
1,984
1,984
-
-
-
Certain professional services
(1,200)
(1,200)
-
-
-
Termination of vendor and software services
-
-
(12)
-
-
Loss on sale of Equipment Finance business
-
-
(1,118)
-
-
Branch/real estate rightsizing costs
(6,630)
(531)
(3,246)
(3,161)
(1,157)
Other real estate and foreclosure expense adjustment
(1,003)
(308)
(1,046)
(614)
(414)
Amortization of intangibles adjustment
(6,194)
(3,097)
(12,819)
(9,722)
(6,625)
Adjusted efficiency ratio numerator
$ 273,766
$ 137,238
$ 544,923
$ 409,805
$ 273,379
Net interest income
$ 397,795
$ 197,168
$ 719,203
$ 521,907
$ 335,246
Noninterest income
92,136
44,197
(615,970)
(667,678)
88,509
Fully tax-equivalent adjustment (2)
6,041
3,012
19,537
16,647
12,836
Efficiency ratio denominator
495,972
244,377
122,770
(129,124)
436,591
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt
-
-
570
570
-
(Gain) loss on sale of securities
-
-
801,492
801,492
-
Adjusted efficiency ratio denominator
$ 495,972
$ 244,377
$ 924,832
$ 672,938
$ 436,591
Efficiency ratio (1)
58.15 %
57.56 %
460.26 %
-329.30 %
64.86 %
Adjusted efficiency ratio (non-GAAP) (1)
55.20 %
56.16 %
58.92 %
60.90 %
62.62 %
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest ncome (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation (NASDAQ:SFNC) will release its second quarter earnings report after the closing bell on Thursday, July 16.
Analysts expect the Pine Bluff, Arkansas-based company to report quarterly earnings of 52 cents per share, up from 44 cents per share in the year-ago period. The consensus estimate for Simmons First National’s quarterly revenue is $250.98 million. It reported $214.18 million last year, according to Benzinga Pro.
On June 9, Simmons Bank announced that Jim Recer has joined the bank as executive vice president, commercial regional executive.
Simmons First National shares gained 0.5% to close at $22.98 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying SFNC stock? Here’s what analysts think:
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Wall Street analysts forecast that Simmons First National (SFNC - Free Report) will report quarterly earnings of $0.53 per share in its upcoming release, pointing to a year-over-year increase of 20.5%. It is anticipated that revenues will amount to $252.05 million, exhibiting an increase of 17.7% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Simmons First National metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Total interest earning assets (FTE) - Average Balance' of $21.40 billion. The estimate compares to the year-ago value of $23.33 billion.
The average prediction of analysts places 'Efficiency Ratio' at 55.6%. The estimate is in contrast to the year-ago figure of 62.8%.
Analysts expect 'Net Interest Margin' to come in at 3.9%. The estimate compares to the year-ago value of 3.1%.
According to the collective judgment of analysts, 'Total nonperforming loans' should come in at $142.25 million. The estimate is in contrast to the year-ago figure of $157.16 million.
The consensus estimate for 'Total nonperforming assets' stands at $155.67 million. The estimate is in contrast to the year-ago figure of $166.72 million.
It is projected by analysts that the 'Net Interest Income - FTE' will reach $205.54 million. Compared to the present estimate, the company reported $178.25 million in the same quarter last year.
Based on the collective assessment of analysts, 'Total Non-Interest Income' should arrive at $46.52 million. Compared to the current estimate, the company reported $42.35 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Wealth management fees' will likely reach $10.66 million. Compared to the present estimate, the company reported $9.46 million in the same quarter last year.
Analysts predict that the 'Service charges on deposit accounts' will reach $12.77 million. The estimate compares to the year-ago value of $12.59 million.
Analysts' assessment points toward 'Debit and credit card fees' reaching $8.56 million. The estimate is in contrast to the year-ago figure of $8.57 million.
Analysts forecast 'Net Interest Income' to reach $202.65 million. Compared to the present estimate, the company reported $171.82 million in the same quarter last year.
View all Key Company Metrics for Simmons First National here>>>
Shares of Simmons First National have experienced a change of +1.6% in the past month compared to the +4.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SFNC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
The market expects Simmons First National (SFNC - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 16. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis bank holding company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +20.5%.
Revenues are expected to be $250.4 million, up 16.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Simmons First National?For Simmons First National, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.47%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Simmons First National will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Simmons First National would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Simmons First National appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsCommunity Trust Bancorp (CTBI - Free Report) , another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.52 for the quarter ended June 2026. This estimate points to a year-over-year change of +10.1%. Revenues for the quarter are expected to be $76.3 million, up 8.7% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Community Trust Bancorp has been revised 1.3% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.10%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Community Trust Bancorp will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) today announced it is scheduled to release second quarter 2026 earnings after the market closing on Thursday, July 16, 2026. Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, July 17. Interested parties can listen to the call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10210202. In addition, the call will be available live or in recorded version on our website at simmonsbank.com under the "Investor Relations" tab. The recorded version will be available for at least 60 days following the date of the call.
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Simmons First National Corporation maintains a soft buy rating due to strong profitability improvements and attractive valuation, despite some asset quality concerns. SFNC's net interest margin surged to 3.84%, with net profits more than doubling year-over-year, driven by balance sheet rebalancing and higher-yielding loan growth. The company trades at a forward P/E of 11.5, above the author's ideal but at a discount to book and tangible book value versus peers.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) today announced it is scheduled to release first quarter 2026 earnings after the market closing on Thursday, April 16, 2026. Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, April 17. Interested parties can listen to the call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10207627. In addition, the call will be available live or in recorded version on our website at simmonsbank.com under the "Investor Relations" tab. The recorded version will be available for at least 60 days following the date of the call.
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in Pine Bluff, Simmons First National (SFNC - Free Report) is a Finance stock that has seen a price change of 3.24% so far this year. The bank holding company is currently shelling out a dividend of $0.22 per share, with a dividend yield of 4.42%. This compares to the Banks - Southeast industry's yield of 2.15% and the S&P 500's yield of 1.47%.
Looking at dividend growth, the company's current annualized dividend of $0.86 is up 1.2% from last year. Over the last 5 years, Simmons First National has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Simmons First National's current payout ratio is 50%, meaning it paid out 50% of its trailing 12-month EPS as dividend.
SFNC is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $2.03 per share, representing a year-over-year earnings growth rate of 17.34%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, SFNC is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
SG Americas Securities LLC grew its position in Simmons First National Corporation (NASDAQ:SFNC – Free Report) by 668.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,171 shares of the bank’s stock after acquiring an additional 99,310 shares during the quarter. SG Americas Securities LLC owned 0.08% of Simmons First National worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Simmons First National by 24.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,221 shares of the bank’s stock valued at $468,000 after acquiring an additional 4,738 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Simmons First National by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 1,008,857 shares of the bank’s stock valued at $19,340,000 after purchasing an additional 166,211 shares during the period. Connors Investor Services Inc. grew its position in shares of Simmons First National by 23.7% during the 3rd quarter. Connors Investor Services Inc. now owns 165,133 shares of the bank’s stock worth $3,166,000 after buying an additional 31,629 shares in the last quarter. TD Capital Management LLC grew its holdings in Simmons First National by 120.6% during the 3rd quarter. TD Capital Management LLC now owns 28,010 shares of the bank’s stock worth $537,000 after acquiring an additional 15,311 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Simmons First National during the third quarter valued at approximately $290,000. 27.58% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Several research firms recently commented on SFNC. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Raymond James Financial upgraded shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Thursday, January 22nd. Wall Street Zen raised Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, January 26th. National Bank Financial set a $21.00 target price on shares of Simmons First National in a research note on Wednesday, January 21st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Simmons First National in a research note on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.14.
Read Our Latest Research Report on SFNC
Simmons First National Price Performance Shares of NASDAQ:SFNC opened at $19.52 on Friday. Simmons First National Corporation has a 12-month low of $17.00 and a 12-month high of $22.17. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $20.12 and a 200 day moving average price of $19.28. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of -7.05 and a beta of 0.89.
Simmons First National (NASDAQ:SFNC – Get Free Report) last announced its earnings results on Tuesday, January 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Simmons First National had a positive return on equity of 6.73% and a negative net margin of 27.83%.The company had revenue of $249.00 million for the quarter, compared to analyst estimates of $238.68 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Sell-side analysts expect that Simmons First National Corporation will post 1.66 EPS for the current year.
Simmons First National Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were given a dividend of $0.215 per share. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, March 13th. Simmons First National’s dividend payout ratio is presently -31.05%.
Simmons First National declared that its board has initiated a share buyback program on Tuesday, February 17th that authorizes the company to buyback $175.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Simmons First National Company Profile (Free Report)
Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.
The company’s core business activities span deposit-taking, lending and payment services.
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, /PRNewswire/ -- Simmons Bank announced today its automatic savings program, Round-Up, allowed more than 25,000 customers to save more than $5.9 million during 2025. As households across the country focus on building stronger financial habits during America Saves Week, the program highlights how small, consistent actions can lead to meaningful savings over time.
This feature rounds up debit purchases to the nearest dollar and transfers the difference to a second account of the customer's choice, making it effortless to build an emergency fund.
According to the Federal Reserve's recent Survey on Household Economics and Decision Making, roughly one in three Americans have no emergency savings, and only 41-43 percent can cover a $1,000 emergency expense with savings.
"The Simmons Bank Round‑Up savings program removes the friction from saving by automating the process," said Joshua Jensen, chief deposit officer at Simmons Bank. "By rounding up debit card purchases and directing the difference into savings, customers can steadily build funds for unexpected expenses or long‑term financial goals without changing their routine."
Established in 2014, the Simmons Bank Round-Up program is designed to reduce the effort needed to save by automating the process when customers use their debit card to conduct a purchase. During America Saves Week, Simmons Bank encourages customers to take small steps, like enrolling in Round-Up, to create lasting financial security.
For more information about Simmons Bank or the Round-Up program, visit simmonsbank.com.
Simmons Bank
Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company that has paid cash dividends to its shareholders for 116 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Simmons First National (NASDAQ:SFNC – Get Free Report) is expected to be releasing its Q1 2026 results after the market closes on Thursday, April 16th. Analysts expect Simmons First National to post earnings of $0.4750 per share and revenue of $243.02 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Friday, April 17, 2026 at 8:30 AM ET.
Simmons First National (NASDAQ:SFNC – Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $249.00 million during the quarter, compared to analyst estimates of $238.68 million. Simmons First National had a positive return on equity of 6.73% and a negative net margin of 27.83%.The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. On average, analysts expect Simmons First National to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Simmons First National Trading Up 2.8% Shares of Simmons First National stock opened at $20.43 on Thursday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -7.38 and a beta of 0.89. The business has a 50-day moving average price of $20.12 and a 200-day moving average price of $19.28. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. Simmons First National has a twelve month low of $17.00 and a twelve month high of $22.17.
Simmons First National announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 17th that authorizes the company to buyback $175.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Simmons First National Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were given a $0.215 dividend. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, March 13th. Simmons First National’s dividend payout ratio (DPR) is -31.05%.
Institutional Investors Weigh In On Simmons First National Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after acquiring an additional 1,104 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Simmons First National by 32.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after acquiring an additional 644 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Simmons First National during the 4th quarter worth about $192,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Simmons First National during the 4th quarter worth about $218,000. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of Simmons First National by 9.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 12,080 shares of the bank’s stock worth $228,000 after acquiring an additional 1,007 shares in the last quarter. 27.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several brokerages have weighed in on SFNC. National Bank Financial set a $21.00 price objective on Simmons First National in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. DA Davidson lifted their price target on shares of Simmons First National from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Raymond James Financial raised shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Thursday, January 22nd. Finally, Morgan Stanley reduced their price objective on shares of Simmons First National from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.14.
View Our Latest Stock Analysis on Simmons First National
Simmons First National Company Profile (Get Free Report)
Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.
The company’s core business activities span deposit-taking, lending and payment services.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Simmons First National (SFNC - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 16. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis bank holding company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +80.8%.
Revenues are expected to be $241.86 million, up 15.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.67% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Simmons First National?For Simmons First National, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.59%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Simmons First National will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Simmons First National would post earnings of $0.49 per share when it actually produced earnings of $0.54, delivering a surprise of +10.20%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Simmons First National appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Analysts on Wall Street project that Simmons First National (SFNC - Free Report) will announce quarterly earnings of $0.47 per share in its forthcoming report, representing an increase of 80.8% year over year. Revenues are projected to reach $241.86 million, increasing 15.4% from the same quarter last year.
The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Simmons First National metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Total interest earning assets (FTE) - Average Balance' will reach $21.05 billion. The estimate compares to the year-ago value of $23.32 billion.
According to the collective judgment of analysts, 'Efficiency Ratio' should come in at 58.7%. Compared to the present estimate, the company reported 66.9% in the same quarter last year.
Analysts' assessment points toward 'Total nonperforming loans' reaching $110.29 million. Compared to the current estimate, the company reported $152.30 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $120.85 million. The estimate compares to the year-ago value of $162.30 million.
The combined assessment of analysts suggests that 'Net Interest Income - FTE' will likely reach $198.42 million. The estimate compares to the year-ago value of $169.84 million.
The consensus estimate for 'Total Non-Interest Income' stands at $45.33 million. Compared to the current estimate, the company reported $46.16 million in the same quarter of the previous year.
The average prediction of analysts places 'Wealth management fees' at $10.39 million. Compared to the present estimate, the company reported $9.63 million in the same quarter last year.
Analysts forecast 'Service charges on deposit accounts' to reach $12.66 million. The estimate compares to the year-ago value of $12.64 million.
The consensus among analysts is that 'Debit and credit card fees' will reach $8.73 million. Compared to the current estimate, the company reported $8.45 million in the same quarter of the previous year.
Analysts expect 'Net Interest Income' to come in at $196.72 million. Compared to the current estimate, the company reported $163.42 million in the same quarter of the previous year.
View all Key Company Metrics for Simmons First National here>>>
Shares of Simmons First National have experienced a change of +10.2% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SFNC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Comparisons reflect 1Q26 vs 4Q25
unless otherwise noted
• Net income of $68.5 million and diluted EPS of $0.47
• Adjusted net income1 of $68.6 million and adjusted diluted EPS1 of $0.47
• ROAA of 1.13% and ROE of 8.01%
• Adjusted ROAA1 of 1.13%; adjusted ROTCE1 of 13.91%
• Total revenue of $241.4 million and PPNR1 of $100.7 million
• Net interest margin up 3 bps to 3.84%; cost of deposits down 8 bps to 1.96%
• Efficiency ratio of 57.56%; adjusted efficiency ratio1 of 56.16%
• Broad based growth drives total loans up 10% annualized
• Unfunded commitments up 5%
• Total average deposits up 6% annualized
• Provision expense exceeded net charge-offs by $5.5 million
• NCO ratio at 21 bps for 1Q26; ACL steady at 1.28%
Total revenue
$ 241.4
$ 249.0
$209.6
Adjusted total revenue1
241.4
249.0
209.6
Pre-provision net revenue1 (PPNR)
100.7
109.1
65.0
Adjusted pre-provision net revenue1
100.7
110.4
66.0
Provision for credit losses
14.6
15.1
26.8
Net income
68.5
78.1
32.4
Adjusted net income1
68.6
79.0
33.1
Per share Data
Diluted earnings
$ 0.47
$ 0.54
$ 0.26
Adjusted diluted earnings1
0.47
0.54
0.26
Cash dividend declared
0.2150
0.2125
0.2125
Balance Sheet (in millions)
Total loans
$17,933
$17,492
$17,094
Total deposits
20,203
20,184
21,685
Total assets
24,693
24,541
26,793
Total shareholders' equity
3,438
3,419
3,531
Asset Quality
Net charge-off ratio (NCO ratio)
0.21 %
1.12 %
0.23 %
Allowance for credit losses to loans (ACL)
1.28
1.28
1.48
Capital Ratios
Equity to assets (EA) ratio
13.92 %
13.93 %
13.18 %
Tangible common equity (TCE) ratio1
8.74
8.71
8.34
Common equity tier 1 (CET1) ratio
11.58
11.63
12.21
Total risk-based capital ratio
14.36
14.45
14.59
Other Ratios
Return on average assets
1.13 %
1.28 %
0.49 %
Adjusted return on average assets1
1.13
1.29
0.50
Return on average common equity
8.01
9.08
3.69
Return on average tangible common equity1
13.90
15.92
6.61
Adj. return onavg. tangible common equity1
13.91
16.10
6.75
Net interest margin (FTE)
3.84
3.81
2.95
Efficiency ratio
57.56
55.52
66.94
Adjusted efficiency ratio1
56.16
53.64
64.75
Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results:
Simmons delivered solid results in the first quarter driven by strong loan growth, expanding margin, and continued earnings momentum. Loans grew 10 percent linked quarter annualized, with growth broad-based across geography and industry. Net interest margin expanded linked quarter, increasing three basis points to 3.84 percent, benefiting from disciplined relationship pricing, fixed rate asset repricing and improving funding costs. Net charge-offs for the quarter were 21 basis points and provision expense exceeded net charge-offs by $5.5 million, primarily due to loan growth.
Looking forward, we remain committed to delivering disciplined growth and designing a more efficient and scalable infrastructure. The talent environment continues to be favorable and supports our organic growth priorities. We are increasingly optimistic about the prospects for consistently achieving returns that exceed our long-range targets.
Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $68.5 million for the first quarter of 2026, compared to net income of $78.1 million for the fourth quarter of 2025 and net income of $32.4 million for the first quarter of 2025. Diluted earnings per share were $0.47 for the first quarter of 2026, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025. Adjusted earnings1 for the first quarter of 2026 were $68.6 million, compared to $79.0 million for the fourth quarter of 2025 and $33.1 million for the first quarter of 2025. Adjusted diluted earnings per share1 for the first quarter of 2026 were $0.47, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025.
For the first quarter of 2026, return on average assets was 1.13 percent and return on average common equity was 8.01 percent. Adjusted return on average assets1 was 1.13 percent and adjusted return on average tangible common equity1 was 13.91 percent.
The table below summarizes the impact of certain items, consisting primarily of FDIC deposit insurance special assessment, professional services, branch right sizing costs, early retirement program costs and a loss on the sale of equipment finance business. These items are also described in further detail in the "Reconciliation of Non-GAAP Financial Measures" tables contained in this press release.
Impact of Certain Items on Earnings and Diluted Earnings Per Share (EPS)
$ in millions, except per share data
1Q26
4Q25
1Q25
Net income
$ 68.5
$ 78.1
$ 32.4
FDIC deposit insurance special assessment
(2.0)
-
-
Professional services
1.2
-
-
Branch right sizing costs, net
0.6
0.1
1.0
Early retirement program costs
0.3
-
-
Loss on sale of equipment finance business
-
1.1
-
Total pre-tax impact
0.1
1.2
1.0
Tax effect
-
(0.3)
(0.3)
Total impact on earnings
0.1
0.9
0.7
Adjusted earnings1, 3
$ 68.6
$ 79.0
$ 33.1
Diluted EPS
$ 0.47
$ 0.54
$ 0.26
FDIC deposit insurance special assessment
(0.01)
-
-
Professional services
0.01
-
-
Branch right sizing costs, net
-
-
-
Early retirement program costs
-
-
-
Loss on sale of equipment finance business
-
0.01
-
Total pre-tax impact
-
0.01
-
Tax effect
-
(0.01)
-
Total impact on earnings
-
-
-
Adjusted Diluted EPS1
$ 0.47
$ 0.54
$ 0.26
Net Interest Income
Net interest income for the first quarter of 2026 totaled $197.2 million, compared to $197.3 million for the fourth quarter of 2025 and $163.4 million for the first quarter of 2025. The increase in net interest income on a year-over-year basis was primarily due to a $39.8 million decrease in interest expense, which included a $32.9 million decrease in interest bearing deposit costs and a $6.9 million decrease in the cost of other interest bearing liabilities. The decrease in interest expense compared to the prior year quarter reflected a reduction of wholesale funding as a result of the balance sheet repositioning completed in the third quarter of 2025, as well as a lower interest rate environment.
Net interest margin for the first quarter of 2026 on a fully taxable equivalent basis was 3.84 percent, up 3 basis points compared to 3.81 percent for the fourth quarter of 2025 and up 89 basis points compared to 2.95 percent for the first quarter of 2025. The increase in net interest margin on a linked quarter basis was driven by a 6 percent annualized increase in average loans, coupled with a 13 percent annualized increase in average low-cost interest bearing transaction and savings accounts. The increase in net interest margin on a year-over-year basis primarily reflected the balance sheet repositioning that was completed during the third quarter of 2025.
Select Yield/Rates
1Q26
4Q25
3Q25
2Q25
1Q25
Loan yield (FTE)2
6.16 %
6.23 %
6.31 %
6.26 %
6.20 %
Investment securities yield (FTE)2
4.25
4.30
4.01
3.48
3.48
Cost of interest bearing deposits
2.47
2.62
2.86
2.97
3.05
Cost of deposits
1.96
2.04
2.25
2.36
2.44
Net interest spread (FTE)2
3.27
3.18
2.86
2.41
2.30
Net interest margin (FTE)2
3.84
3.81
3.50
3.06
2.95
Noninterest Income
Noninterest income for the first quarter of 2026 was $44.2 million, compared to $51.7 million in the fourth quarter of 2025 and $46.2 million in the first quarter of 2025. The decrease in noninterest income on a linked quarter basis was primarily due to a Small Business Investment Company (SBIC) negative valuation adjustment in the first quarter of 2026 and proceeds from bank owned life insurance death benefits recorded in the fourth quarter of 2025, both of which are included in other income in the table below.
Noninterest Income
$ in millions
1Q26
4Q25
3Q25
2Q25
1Q25
Service charges on deposit accounts
$ 12.7
$ 12.7
$ 13.0
$ 12.6
$ 12.6
Wealth management fees
10.5
10.3
10.0
9.5
9.6
Debit and credit card fees
8.5
8.7
8.5
8.6
8.4
Mortgage lending income
1.9
2.2
2.3
1.7
2.0
Other service charges and fees
1.6
1.5
1.5
1.3
1.3
Bank owned life insurance
4.2
3.9
3.9
3.9
4.1
Gain (loss) on sale of securities
-
-
(801.5)
-
-
Other income
4.8
12.4
6.1
4.8
8.0
Total noninterest income
$ 44.2
$ 51.7
$(756.2)
$ 42.4
$ 46.2
Adjusted noninterest income1
$ 44.2
$ 51.7
$ 45.9
$ 42.4
$ 46.2
Noninterest Expense
Noninterest expense for the first quarter of 2026 was $140.7 million, compared to $139.9 million in the fourth quarter of 2025 and $144.6 million in the first quarter of 2025. Included in noninterest expense are certain items consisting of branch right sizing costs, early retirement program costs, termination of vendor and software services, FDIC Deposit Insurance special assessment, professional services and a loss on the sale of an equipment finance business. Collectively, these items totaled $30 thousand in the first quarter of 2026, $1.2 million in the fourth quarter of 2025 and $1.0 million in the first quarter of 2025. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" table below) adjusted noninterest expense1 was $140.6 million in the first quarter of 2026, $138.6 million in the fourth quarter of 2025 and $143.6 million in the first quarter of 2025. The increase in adjusted noninterest expense on a linked quarter basis was primarily due to an increase in salaries and benefits reflecting a seasonal increase in payroll taxes expense incurred during the first quarter of 2026.
Noninterest Expense
$ in millions
1Q26
4Q25
3Q25
2Q25
1Q25
Salaries and employee benefits
$ 75.9
$ 72.9
$ 76.2
$ 73.9
$ 74.8
Occupancy expense, net
12.2
11.6
12.1
11.8
12.7
Furniture and equipment
5.4
5.3
5.3
5.5
5.5
Deposit insurance
2.3
4.7
5.2
4.9
5.4
Other real estate and foreclosure expense
0.3
0.4
0.2
0.2
0.2
Other operating expenses
44.5
44.8
43.0
42.3
46.1
Total noninterest expense
$140.7
$139.9
$142.0
$138.6
$144.6
Adjusted salaries and employee benefits1
$ 75.6
$ 72.9
$ 75.9
$ 72.3
$ 74.8
Adjusted other operating expenses1
43.1
44.0
41.5
42.5
45.9
Adjusted noninterest expense1
140.6
138.6
139.7
136.8
143.6
Efficiency ratio
57.56 %
55.52 %
(25.11) %
62.82 %
66.94 %
Adjusted efficiency ratio1
56.16
53.64
57.72
60.52
64.75
Full-time equivalent employees
2,913
2,917
2,883
2,947
2,949
Number of financial centers
221
222
223
223
222
Loans and Unfunded Loan Commitments
Total loans at the end of the first quarter of 2026 were $17.9 billion, up $440.7 million, or 10 percent annualized, compared to $17.5 billion at the end of the fourth quarter of 2025. The increase in total loans was driven by increases in commercial real estate, commercial and industrial, mortgage warehouse and agricultural portfolios, offset in part by a decrease in real estate construction. Unfunded loan commitments at the end of the first quarter of 2026 were $4.1 billion, compared to $3.9 billion at the end of the fourth quarter of 2025. The commercial loan pipeline totaled $1.6 billion at the end of the first quarter of 2026, and ready-to-close commercial loans totaled $651 million with a weighted average rate of 6.40 percent.
Loans and Unfunded Loan Commitments
$ in millions
1Q26
4Q25
3Q25
2Q25
1Q25
Total loans
$17,933
$17,492
$17,189
$17,111
$17,094
Unfunded loan commitments
4,068
3,871
3,955
3,947
3,888
Deposits and Other Borrowings
Total deposits at the end of the first quarter of 2026 were $20.2 billion, up $19 million compared to the end of the fourth quarter of 2025. The increase in total deposits reflected a $214 million increase in interest bearing transaction accounts and savings accounts, offset primarily from the continued planned run-off of higher rate, non-relationship time deposits or subsequent reinvestment of maturing time deposits into lower cost deposits. The decrease in total deposits on a year-over-year basis primarily reflects a reduction of higher rate, non-relationship wholesale and public fund deposits as part of the balance sheet repositioning completed during the third quarter of 2025.
Other borrowings at the end of the first quarter of 2026 were $446.8 million, compared to $302.3 million at the end of the fourth quarter of 2025 and $884.9 million at the end of the first quarter of 2025. The decrease in other borrowings on a year-over-year basis reflected a reduction of higher cost wholesale funding, primarily FHLB advances, as part of the balance sheet repositioning completed during the third quarter of 2025.
Deposits
$ in millions
1Q26
4Q25
3Q25
2Q25
1Q25
Noninterest bearing deposits
$ 4,290
$ 4,330
$ 4,377
$ 4,468
$ 4,455
Interest bearing transaction accounts
10,667
10,453
10,289
10,532
10,621
Time deposits
3,334
3,508
3,331
3,588
3,695
Brokered deposits
1,912
1,893
1,841
3,237
2,914
Total deposits
$20,203
$20,184
$19,838
$21,825
$21,684
Noninterest bearing deposits to total deposits
21 %
21 %
22 %
20 %
21 %
Total loans to total deposits
89
87
87
78
79
Asset Quality
Provision for credit losses on loans totaled $14.6 million for the first quarter of 2026, compared to $15.1 million in the fourth quarter of 2025 and $26.8 million in the first quarter of 2025. Net charge-offs as a percentage of average loans for the first quarter of 2026 were 21 basis points, compared to 112 basis points in the fourth quarter of 2025 and 23 basis points in the first quarter of 2025. Provision for credit losses on loans exceeded net charge-offs by $5.5 million during the first quarter of 2026 primarily as a result of strong loan growth during the quarter. The allowance for credit losses on loans at the end of the first quarter of 2026 was $229.9 million, compared to $224.4 million at the end of the fourth quarter of 2025 and $252.2 million at the end of the first quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the first quarter of 2026 was 1.28 percent, unchanged from the end of the fourth quarter of 2025.
Total nonperforming loans at the end of the first quarter of 2026 totaled $141.9 million, compared to $112.7 million at the end of the fourth quarter of 2025 and $152.3 million at the end of the first quarter of 2025. The increase in nonperforming loans on a linked quarter basis was primarily due to a single real estate construction relationship that is well collateralized and that management believes has limited loss content. The nonperforming loan coverage ratio ended the first quarter of 2026 at 162 percent, compared to 199 percent at the end of the fourth quarter of 2025 and 165 percent at the end of the first quarter of 2025. Total nonperforming assets as a percentage of total assets were 63 basis points at the end of the first quarter of 2026, compared to 51 basis points at the end of the fourth quarter of 2025 and 61 basis points at the end of the first quarter of 2025.
Asset Quality
$ in millions
1Q26
4Q25
3Q25
2Q25
1Q25
Allowance for credit losses on loans to total loans
1.28 %
1.28 %
1.50 %
1.48 %
1.48 %
Allowance for credit losses on loans to
nonperforming loans
162
199
168
161
165
Nonperforming loans to total loans
0.79
0.64
0.90
0.92
0.89
Net charge-off ratio (annualized)
0.21
1.12
0.25
0.25
0.23
Net charge-off ratio YTD (annualized)
0.21
0.47
0.24
0.24
0.23
Total nonperforming loans
$141.9
$112.7
$153.9
$157.2
$152.3
Total other nonperforming assets
12.6
12.4
6.8
9.5
10.0
Total nonperforming assets
$154.5
$125.1
$160.7
$166.7
$162.3
Reserve for unfunded commitments
$25.6
$25.6
$25.6
$25.6
$25.6
Capital
Total stockholders' equity at the end of the first quarter of 2026 and fourth quarter of 2025 was $3.4 billion, compared to $3.5 billion at the end of the first quarter of 2025. Book value per share at the end of the first quarter of 2026 was $23.70, compared to $23.62 at the end of the fourth quarter of 2025 and $28.04 at the end of the first quarter of 2025. Tangible book value per share1 at the end of the first quarter of 2026 was $14.03, compared to $13.91 at the end of the fourth quarter of 2025 and $16.81 at the end of the first quarter of 2025. The increase in book value per share and tangible book value per share on a linked quarter basis was primarily due to a $37.4 million increase in undivided profits. The year-over-year decline in book value per share and tangible book value per share was primarily due to the balance sheet repositioning completed in the third quarter of 2025.
Total stockholders' equity as a percentage of total assets at the end of the first quarter of 2026 was 13.9 percent, unchanged from fourth quarter of 2025 levels and up from 13.2 percent at the end of the first quarter of 2025. Tangible common equity as a percentage of tangible assets1 was 8.7 percent at the end of the first quarter of 2026, unchanged from the fourth quarter of 2025 and up from 8.3 percent at the end of the first quarter of 2025. Each of the applicable regulatory capital ratios for Simmons and its principal subsidiary, Simmons Bank, continue to significantly exceed "well-capitalized" regulatory guidelines.
Select Capital Ratios
1Q26
4Q25
3Q25
2Q25
1Q25
Stockholders' equity to total assets
13.9 %
13.9 %
13.9 %
13.3 %
13.2 %
Tangible common equity to tangible assets1
8.7
8.7
8.5
8.5
8.3
Common equity tier 1 (CET1) ratio
11.6
11.6
11.5
12.4
12.2
Tier 1 leverage ratio
10.1
10.1
9.6
10.0
9.8
Tier 1 risk-based capital ratio
11.6
11.6
11.5
12.4
12.2
Total risk-based capital ratio
14.4
14.4
15.1
14.4
14.6
Share Repurchase Program
During the first quarter of 2026, Simmons did not repurchase shares under its stock repurchase program that was authorized in February 2026 (2026 Program) and which replaced its former repurchase program that was authorized in January 2024. Remaining authorization under the 2026 Program as of March 31, 2026, was approximately $175 million. The timing, pricing and amount of any repurchases under the 2026 Program will be determined by Simmons' management at its discretion based on a variety of factors including, but not limited to, market conditions, trading volume and market price of Simmons' common stock, Simmons' capital needs, Simmons' working capital and investment requirements, other corporate considerations, economic conditions, and legal requirements. The 2026 Program does not obligate Simmons to repurchase any common stock and may be modified, discontinued or suspended at any time without prior notice.
___________________________________________
(1)
Non-GAAP measurement. See "Non-GAAP Financial Measures" and "Reconciliation of Non-GAAP Financial Measures" below
(2)
FTE – fully taxable equivalent basis using an effective tax rate of 26.135%
(3)
In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income"
Conference Call
Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, April 17, 2026. Interested persons can listen to this call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10207627. In addition, the call will be available live or in recorded version on Simmons' website at simmonsbank.com for at least 60 days following the date of the call.
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, noninterest income, and noninterest expense certain income and expense items attributable to, for example, branch right sizing costs, early retirement program costs, termination of vendor and software services, FDIC Deposit Insurance special assessment, professional services and a loss on the sale of an equipment finance business.
In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, or gains and/or losses on the sale of securities. The Company's management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company's ongoing operations without the effect of mergers or other items not central to the Company's ongoing business, as well as normalize for tax effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company's ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.
Forward-Looking Statements
Certain statements in this press release may not be based on historical facts and should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, without limitation, statements made in Mr. Brogdon's quote, may be identified by reference to future periods or by the use of forward-looking terminology, such as "believe," "budget," "expect," "foresee," "anticipate," "intend," "indicate," "target," "estimate," "plan," "project," "continue," "contemplate," "positions," "prospects," "predict," or "potential," by future conditional verbs such as "will," "would," "should," "could," "might" or "may," or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons' future growth, business strategies, lending capacity and lending activity, loan demand, revenue, assets, asset quality, profitability, dividends, net interest margin, non-interest revenue, share repurchase program, acquisition strategy, digital banking initiatives, the Company's ability to recruit and retain key employees, the adequacy of the allowance for credit losses, future economic conditions and interest rates, and the adequacy of reserve levels for loans. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, changes in credit quality, changes in interest rates and related governmental policies, the effects of a government shutdown, changes in loan demand, changes in deposit flows, changes in real estate values, changes in the assumptions used in making the forward-looking statements, changes in the securities markets generally or the price of Simmons' common stock specifically, changes in information technology affecting the financial industry, and changes in customer behaviors, including consumer spending, borrowing, and saving habits; changes in tariff policies; general economic and market conditions; changes in governmental administrations; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts in the Middle East and between Russia and Ukraine) or other major events, or the prospect of these events; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased inflation; the loss of key employees; increased competition in the markets in which the Company operates and from non-bank financial institutions; increased unemployment; labor shortages; claims, damages, and fines related to litigation or government actions; changes in accounting principles relating to loan loss recognition (current expected credit losses); fraud that results in material losses or that we have not discovered yet that may result in material losses; the Company's ability to manage and successfully integrate its mergers and acquisitions and to fully realize cost savings and other benefits associated with acquisitions; increased delinquency and foreclosure rates on commercial real estate loans; significant increases in nonaccrual loan balances; cyber or other information technology threats, attacks or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats; reliance on third parties for key services; government legislation; and other factors, many of which are beyond the control of the Company, could cause actual results to differ materially from those projected in or contemplated by the forward-looking statements. In addition, there can be no guarantee that the board of directors (Board) of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Additional information on factors that might affect the Company's financial results is included in the Company's Form 10-K for the year ended December 31, 2025, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov.
Simmons First National Corporation
SFNC
Consolidated End of Period Balance Sheets
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
ASSETS
Cash and noninterest bearing balances due from banks
$ 342,603
$ 380,439
$ 377,604
$ 398,081
$ 423,171
Interest bearing balances due from banks and federal funds sold
205,880
331,474
266,013
246,381
211,115
Cash and cash equivalents
548,483
711,913
643,617
644,462
634,286
Interest bearing balances due from banks - time
100
100
100
100
100
Investment securities - held-to-maturity
-
-
-
3,591,531
3,615,556
Investment securities - available-for-sale
3,152,286
3,266,221
3,319,277
2,405,320
2,491,849
Mortgage loans held for sale
14,311
17,438
15,507
16,972
8,351
Assets held in trading accounts
14,543
11,685
12,695
-
-
Loans:
Loans
17,932,883
17,492,179
17,188,817
17,111,096
17,094,078
Allowance for credit losses on loans
(229,908)
(224,377)
(258,006)
(253,537)
(252,168)
Net loans
17,702,975
17,267,802
16,930,811
16,857,559
16,841,910
Premises and equipment
557,873
561,220
568,343
573,160
573,616
Foreclosed assets and other real estate owned
12,475
12,009
6,386
8,794
8,976
Interest receivable
101,557
104,062
104,383
120,443
117,398
Bank owned life insurance
542,486
540,001
539,372
535,481
535,324
Goodwill
1,320,799
1,320,799
1,320,799
1,320,799
1,320,799
Other intangible assets
81,325
84,423
87,520
90,617
93,714
Other assets
643,570
643,204
659,352
528,382
551,112
Total assets
$ 24,692,783
$ 24,540,877
$ 24,208,162
$ 26,693,620
$ 26,792,991
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Noninterest bearing transaction accounts
$ 4,289,697
$ 4,330,211
$ 4,377,232
$ 4,468,237
$ 4,455,255
Interest bearing transaction accounts and savings deposits
11,311,979
11,141,169
10,932,914
11,176,791
11,265,554
Time deposits
4,601,107
4,712,658
4,527,587
6,179,962
5,963,811
Total deposits
20,202,783
20,184,038
19,837,733
21,824,990
21,684,620
Federal funds purchased and securities sold
under agreements to repurchase
8,708
21,383
22,348
31,306
50,133
Other borrowings
446,756
302,253
18,832
634,349
884,863
Subordinated notes and debentures
315,700
317,714
648,976
366,369
366,331
Accrued interest and other liabilities
281,102
296,249
326,310
287,396
275,559
Total liabilities
21,255,049
21,121,637
20,854,199
23,144,410
23,261,506
Stockholders' equity:
Common stock
1,451
1,448
1,447
1,260
1,259
Surplus
2,848,952
2,846,581
2,848,977
2,518,286
2,515,372
Undivided profits
901,696
864,341
817,022
1,410,564
1,382,564
Accumulated other comprehensive (loss) income
(314,365)
(293,130)
(313,483)
(380,900)
(367,710)
Total stockholders' equity
3,437,734
3,419,240
3,353,963
3,549,210
3,531,485
Total liabilities and stockholders' equity
$ 24,692,783
$ 24,540,877
$ 24,208,162
$ 26,693,620
$ 26,792,991
Simmons First National Corporation
SFNC
Consolidated Statements of Income - Quarter-to-Date
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands, except per share data)
INTEREST INCOME
Loans (including fees)
$ 267,287
$ 270,868
$ 269,210
$ 265,373
$ 257,755
Interest bearing balances due from banks and federal funds sold
2,320
2,485
6,421
2,531
2,703
Investment securities
31,882
33,833
37,464
46,898
47,257
Mortgage loans held for sale
203
227
229
221
122
Assets held in trading accounts
122
118
99
-
-
TOTAL INTEREST INCOME
301,814
307,531
313,423
315,023
307,837
INTEREST EXPENSE
Time deposits
39,949
41,989
49,064
57,231
62,559
Other deposits
57,653
60,516
67,546
69,108
67,895
Federal funds purchased and securities
sold under agreements to repurchase
36
57
72
59
113
Other borrowings
1,746
2,138
2,957
10,613
7,714
Subordinated notes and debentures
5,262
5,535
7,123
6,188
6,134
TOTAL INTEREST EXPENSE
104,646
110,235
126,762
143,199
144,415
NET INTEREST INCOME
197,168
197,296
186,661
171,824
163,422
PROVISION FOR CREDIT LOSSES
Provision for credit losses on loans
14,622
15,116
15,180
11,945
26,797
Provision for credit losses on investment securities - HTM
-
-
(3,214)
-
-
TOTAL PROVISION FOR CREDIT LOSSES
14,622
15,116
11,966
11,945
26,797
NET INTEREST INCOME AFTER PROVISION
FOR CREDIT LOSSES
182,546
182,180
174,695
159,879
136,625
NONINTEREST INCOME
Service charges on deposit accounts
12,656
12,669
13,045
12,588
12,635
Debit and credit card fees
8,503
8,660
8,478
8,567
8,446
Wealth management fees
10,533
10,337
9,965
9,464
9,629
Mortgage lending income
1,854
2,232
2,259
1,687
2,013
Bank owned life insurance income
4,218
3,942
3,943
3,890
4,092
Other service charges and fees (includes insurance income)
1,606
1,503
1,474
1,321
1,333
Gain (loss) on sale of securities
-
-
(801,492)
-
-
Other income
4,827
12,365
6,141
4,837
8,007
TOTAL NONINTEREST INCOME
44,197
51,708
(756,187)
42,354
46,155
NONINTEREST EXPENSE
Salaries and employee benefits
75,885
72,924
76,249
73,862
74,824
Occupancy expense, net
12,218
11,636
12,106
11,844
12,651
Furniture and equipment expense
5,423
5,304
5,275
5,474
5,465
Other real estate and foreclosure expense
315
432
200
216
198
Deposit insurance
2,295
4,736
5,175
4,917
5,391
Other operating expenses
44,537
44,830
43,027
42,276
46,051
TOTAL NONINTEREST EXPENSE
140,673
139,862
142,032
138,589
144,580
NET INCOME (LOSS) BEFORE INCOME TAXES
86,070
94,026
(723,524)
63,644
38,200
Provision for income taxes
17,526
15,948
(160,732)
8,871
5,812
NET INCOME (LOSS)
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
$ 32,388
BASIC EARNINGS PER SHARE
$ 0.47
$ 0.54
$ (4.01)
$ 0.43
$ 0.26
DILUTED EARNINGS PER SHARE
$ 0.47
$ 0.54
$ (4.00)
$ 0.43
$ 0.26
Simmons First National Corporation
SFNC
Consolidated Risk-Based Capital
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Tier 1 capital
Stockholders' equity
$ 3,437,734
$ 3,419,240
$ 3,353,963
$ 3,549,210
$ 3,531,485
Disallowed intangible assets, net of deferred tax
(1,370,562)
(1,374,839)
(1,376,255)
(1,379,104)
(1,381,953)
Unrealized loss (gain) on AFS securities
314,365
293,130
313,483
380,900
367,710
Total Tier 1 capital
2,381,537
2,337,531
2,291,191
2,551,006
2,517,242
Tier 2 capital
Subordinated notes and debentures
315,700
317,714
648,976
366,369
366,331
Subordinated debt phase out
-
-
(198,000)
(198,000)
(132,000)
Qualifying allowance for loan losses and
reserve for unfunded commitments
255,537
250,006
248,710
258,079
257,769
Total Tier 2 capital
571,237
567,720
699,686
426,448
492,100
Total risk-based capital
$ 2,952,774
$ 2,905,251
$ 2,990,877
$ 2,977,454
$ 3,009,342
Risk weighted assets
$ 20,565,445
$ 20,106,493
$ 19,861,879
$ 20,646,324
$ 20,621,540
Adjusted average assets for leverage ratio
$ 23,487,513
$ 23,224,638
$ 23,963,356
$ 25,606,135
$ 25,619,424
Ratios at end of quarter
Equity to assets
13.92 %
13.93 %
13.85 %
13.30 %
13.18 %
Tangible common equity to tangible assets (1)
8.74 %
8.71 %
8.53 %
8.46 %
8.34 %
Common equity Tier 1 ratio (CET1)
11.58 %
11.63 %
11.54 %
12.36 %
12.21 %
Tier 1 leverage ratio
10.14 %
10.06 %
9.56 %
9.96 %
9.83 %
Tier 1 risk-based capital ratio
11.58 %
11.63 %
11.54 %
12.36 %
12.21 %
Total risk-based capital ratio
14.36 %
14.45 %
15.07 %
14.42 %
14.59 %
(1) Calculations of tangible common equity to tangible assets and the reconciliations to GAAP are included in the schedules accompanying this release.
Simmons First National Corporation
SFNC
Consolidated Investment Securities
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Investment Securities - End of Period
Held-to-Maturity
U.S. Government agencies
$ -
$ -
$ -
$ 457,228
$ 456,545
Mortgage-backed securities
-
-
-
1,024,313
1,048,170
State and political subdivisions
-
-
-
1,855,614
1,856,905
Other securities
-
-
-
254,376
253,936
Total held-to-maturity (net of credit losses)
-
-
-
3,591,531
3,615,556
Available-for-Sale
U.S. Treasury
$ -
$ -
$ -
$ 400
$ 699
U.S. Government agencies
46,329
47,172
48,355
49,498
52,318
Mortgage-backed securities
2,128,732
2,201,958
2,249,593
1,349,991
1,380,913
State and political subdivisions
838,880
859,071
845,371
807,842
832,898
Other securities
138,345
158,020
175,958
197,589
225,021
Total available-for-sale (net of credit losses)
3,152,286
3,266,221
3,319,277
2,405,320
2,491,849
Total investment securities (net of credit losses)
$ 3,152,286
$ 3,266,221
$ 3,319,277
$ 5,996,851
$ 6,107,405
Fair value - HTM investment securities
$ -
$ -
$ -
$ 2,891,974
$ 2,929,625
Simmons First National Corporation
SFNC
Consolidated Loans
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Loan Portfolio - End of Period
Consumer:
Credit cards
$ 172,610
$ 175,760
$ 173,020
$ 176,166
$ 179,680
Other consumer
96,387
115,472
112,335
123,831
97,198
Total consumer
268,997
291,232
285,355
299,997
276,878
Real Estate:
Construction
2,621,859
2,873,807
2,874,823
2,784,578
2,778,245
Single-family residential
2,566,162
2,607,450
2,617,849
2,625,717
2,647,451
Other commercial real estate
8,764,648
8,289,968
7,875,649
7,961,412
8,051,304
Total real estate
13,952,669
13,771,225
13,368,321
13,371,707
13,477,000
Commercial:
Commercial
2,521,440
2,382,339
2,397,388
2,440,507
2,372,681
Agricultural
333,508
306,300
353,181
333,078
264,469
Total commercial
2,854,948
2,688,639
2,750,569
2,773,585
2,637,150
Other
856,269
741,083
784,572
665,807
703,050
Total loans
$ 17,932,883
$ 17,492,179
$ 17,188,817
$ 17,111,096
$ 17,094,078
Simmons First National Corporation
SFNC
Consolidated Allowance and Asset Quality
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Allowance for Credit Losses on Loans
Beginning balance
$ 224,377
$ 258,006
$ 253,537
$ 252,168
$ 235,019
Loans charged off:
Credit cards
1,677
1,346
1,862
1,702
1,460
Other consumer
590
550
600
351
1,133
Real estate
6,629
25,850
1,350
1,450
4,425
Commercial
1,666
22,004
8,079
8,257
4,243
Total loans charged off
10,562
49,750
11,891
11,760
11,261
Recoveries of loans previously charged off:
Credit cards
468
347
257
334
211
Other consumer
301
163
303
294
306
Real estate
449
105
115
87
99
Commercial
253
390
505
469
997
Total recoveries
1,471
1,005
1,180
1,184
1,613
Net loans charged off
9,091
48,745
10,711
10,576
9,648
Provision for credit losses on loans
14,622
15,116
15,180
11,945
26,797
Balance, end of quarter
$ 229,908
$ 224,377
$ 258,006
$ 253,537
$ 252,168
Nonperforming assets
Nonperforming loans:
Nonaccrual loans
$ 141,233
$ 111,791
$ 153,516
$ 156,453
$ 151,897
Loans past due 90 days or more
647
948
423
709
494
Total nonperforming loans
141,880
112,739
153,939
157,162
152,391
Other nonperforming assets:
Foreclosed assets and other real estate owned
12,475
12,009
6,386
8,794
8,976
Other nonperforming assets
181
323
392
759
978
Total other nonperforming assets
12,656
12,332
6,778
9,553
9,954
Total nonperforming assets
$ 154,536
$ 125,071
$ 160,717
$ 166,715
$ 162,345
Ratios
Allowance for credit losses on loans to total loans
1.28 %
1.28 %
1.50 %
1.48 %
1.48 %
Allowance for credit losses to nonperforming loans
162 %
199 %
168 %
161 %
165 %
Nonperforming loans to total loans
0.79 %
0.64 %
0.90 %
0.92 %
0.89 %
Nonperforming assets to total assets
0.63 %
0.51 %
0.66 %
0.62 %
0.61 %
Annualized net charge offs to average loans (QTD)
0.21 %
1.12 %
0.25 %
0.25 %
0.23 %
Annualized net charge offs to average loans (YTD)
0.21 %
0.47 %
0.24 %
0.24 %
0.23 %
Annualized net credit card charge offs to
average credit card loans (QTD)
2.81 %
2.23 %
3.64 %
2.99 %
2.72 %
Simmons First National Corporation
SFNC
Consolidated - Average Balance Sheet and Net Interest Income Analysis
For the Quarters Ended
(Unaudited)
Three Months Ended
Mar 2026
Three Months Ended
Dec 2025
Three Months Ended
Mar 2025
($ in thousands)
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
ASSETS
Earning assets:
Interest bearing balances due from banks
and federal funds sold
$ 251,620
$ 2,320
3.74 %
$ 232,046
$ 2,485
4.25 %
$ 241,021
$ 2,703
4.55 %
Investment securities - taxable
2,408,546
26,311
4.43 %
2,490,444
28,235
4.50 %
3,540,559
31,584
3.62 %
Investment securities - non-taxable (FTE)
820,278
7,542
3.73 %
810,597
7,578
3.71 %
2,608,070
21,217
3.30 %
Mortgage loans held for sale
13,800
203
5.97 %
15,738
227
5.72 %
8,142
122
6.08 %
Assets held in trading accounts
13,748
122
3.60 %
12,534
118
3.74 %
-
-
0.00 %
Loans - including fees (FTE)
17,658,807
268,328
6.16 %
17,295,415
271,778
6.23 %
16,920,050
258,625
6.20 %
Total interest earning assets (FTE)
21,166,799
304,826
5.84 %
20,856,774
310,421
5.90 %
23,317,842
314,251
5.47 %
Non-earning assets
3,366,206
3,397,673
3,360,786
Total assets
$ 24,533,005
$ 24,254,447
$ 26,678,628
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
Interest bearing transaction and
savings accounts
$ 11,328,148
$ 57,653
2.06 %
$ 10,971,959
$ 60,516
2.19 %
$ 11,177,550
$ 67,895
2.46 %
Time deposits
4,678,058
39,949
3.46 %
4,573,502
41,989
3.64 %
6,160,429
62,559
4.12 %
Total interest bearing deposits
16,006,206
97,602
2.47 %
15,545,461
102,505
2.62 %
17,337,979
130,454
3.05 %
Federal funds purchased and securities
sold under agreement to repurchase
17,743
36
0.82 %
20,990
57
1.08 %
39,797
113
1.15 %
Other borrowings
192,345
1,746
3.68 %
217,996
2,138
3.89 %
706,402
7,714
4.43 %
Subordinated notes and debentures
318,635
5,262
6.70 %
319,162
5,535
6.88 %
366,312
6,134
6.79 %
Total interest bearing liabilities
16,534,929
104,646
2.57 %
16,103,609
110,235
2.72 %
18,450,490
144,415
3.17 %
Noninterest bearing liabilities:
Noninterest bearing deposits
4,229,952
4,412,009
4,342,948
Other liabilities
297,864
328,812
320,721
Total liabilities
21,062,745
20,844,430
23,114,159
Stockholders' equity
3,470,260
3,410,017
3,564,469
Total liabilities and stockholders' equity
$ 24,533,005
$ 24,254,447
$ 26,678,628
Net interest income (FTE)
$ 200,180
$ 200,186
$ 169,836
Net interest spread (FTE)
3.27 %
3.18 %
2.30 %
Net interest margin (FTE)
3.84 %
3.81 %
2.95 %
Simmons First National Corporation
SFNC
Consolidated - Selected Financial Data
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands, except share data)
QUARTER-TO-DATE
Financial Highlights - As Reported
Net Income (loss)
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
$ 32,388
Diluted earnings per share
0.47
0.54
(4.00)
0.43
0.26
Return on average assets
1.13 %
1.28 %
-8.96 %
0.82 %
0.49 %
Return on average tangible assets (non-GAAP) (1)
1.24 %
1.40 %
-9.46 %
0.91 %
0.56 %
Return on average common equity
8.01 %
9.08 %
-66.29 %
6.20 %
3.69 %
Return on tangible common equity (non-GAAP) (1)
13.90 %
15.92 %
-113.56 %
10.73 %
6.61 %
Net interest margin (FTE)
3.84 %
3.81 %
3.50 %
3.06 %
2.95 %
Efficiency ratio (2)
57.56 %
55.52 %
-25.11 %
62.82 %
66.94 %
FTE adjustment
3,012
2,890
3,811
6,422
6,414
Average diluted shares outstanding
145,340,410
145,210,222
140,648,704
126,406,453
126,336,557
Cash dividends declared per common share
0.215
0.213
0.213
0.213
0.213
Accretable yield on acquired loans
902
749
725
1,263
1,084
Financial Highlights - Adjusted (non-GAAP) (1)
Adjusted earnings
$ 68,566
$ 78,975
$ 64,930
$ 56,071
$ 33,122
Adjusted diluted earnings per share
0.47
0.54
0.46
0.44
0.26
Adjusted return on average assets
1.13 %
1.29 %
1.03 %
0.84 %
0.50 %
Adjusted return on average tangible assets (non-GAAP) (1)
1.24 %
1.41 %
1.13 %
0.93 %
0.57 %
Adjusted return on average common equity
8.01 %
9.19 %
7.65 %
6.34 %
3.77 %
Adjusted return on tangible common equity
13.91 %
16.10 %
13.62 %
10.97 %
6.75 %
Adjusted efficiency ratio (2)
56.16 %
53.64 %
57.72 %
60.52 %
64.75 %
YEAR-TO-DATE
Financial Highlights - GAAP
Net Income (loss)
$ 68,544
$ (397,553)
$ (475,631)
$ 87,161
$ 32,388
Diluted earnings per share
0.47
(2.95)
(3.63)
0.69
0.26
Return on average assets
1.13 %
-1.55 %
-2.44 %
0.66 %
0.49 %
Return on average tangible assets (non-GAAP) (1)
1.24 %
-1.60 %
-2.54 %
0.74 %
0.56 %
Return on average common equity
8.01 %
-11.45 %
-18.21 %
4.94 %
3.69 %
Return on tangible common equity (non-GAAP) (1)
13.90 %
-18.84 %
-30.13 %
8.67 %
6.61 %
Net interest margin (FTE)
3.84 %
3.32 %
3.17 %
3.01 %
2.95 %
Efficiency ratio (2)
57.56 %
460.26 %
-329.30 %
64.86 %
66.94 %
FTE adjustment
3,012
19,537
16,647
12,836
6,414
Average diluted shares outstanding
145,340,410
134,731,180
131,132,891
126,325,650
126,336,557
Cash dividends declared per common share
0.215
0.850
0.638
0.425
0.213
Financial Highlights - Adjusted (non-GAAP) (1)
Adjusted earnings
$ 68,566
$ 233,098
$ 154,123
$ 89,193
$ 33,122
Adjusted diluted earnings per share
0.47
1.73
1.18
0.71
0.26
Adjusted return on average assets
1.13 %
0.91 %
0.79 %
0.67 %
0.50 %
Adjusted return on average tangible assets (non-GAAP) (1)
1.24 %
1.00 %
0.87 %
0.75 %
0.57 %
Adjusted return on average common equity
8.01 %
6.71 %
5.90 %
5.06 %
3.77 %
Adjusted return on tangible common equity
13.91 %
11.78 %
10.37 %
8.86 %
6.75 %
Adjusted efficiency ratio (2)
56.16 %
58.92 %
60.90 %
62.62 %
64.75 %
END OF PERIOD
Book value per share
$ 23.70
$ 23.62
$ 23.18
$ 28.17
$ 28.04
Tangible book value per share
14.03
13.91
13.45
16.97
16.81
Shares outstanding
145,058,331
144,762,817
144,703,075
125,996,248
125,926,822
Full-time equivalent employees
2,913
2,917
2,883
2,947
2,949
Total number of financial centers
221
222
223
223
222
(1) Non-GAAP measurement that management believes aids in the understanding and discussion of results. Reconciliations to GAAP are
included in the schedules accompanying this release.
(2) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting
items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from
securities transactions and certain adjusting items, and is a non-GAAP measurement.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Quarter-to-Date
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
(in thousands, except per share data)
QUARTER-TO-DATE
Net income (loss)
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
$ 32,388
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
570
-
-
FDIC Deposit Insurance special assessment
(1,984)
-
-
-
-
Professional services
1,200
-
-
-
-
Early retirement program
283
-
305
1,594
-
Termination of vendor and software services
-
12
-
-
-
Loss on sale of Equipment Finance business
-
1,118
-
-
-
Loss (gain) on sale of securities
-
-
801,492
-
-
Branch right sizing (net)
531
85
2,004
163
994
Tax effect of certain items (1)
(8)
(318)
(176,649)
(459)
(260)
Certain items, net of tax
22
897
627,722
1,298
734
Adjusted earnings (non-GAAP) (2)
$ 68,566
$ 78,975
$ 64,930
$ 56,071
$ 33,122
Diluted earnings per share
$ 0.47
$ 0.54
$ (4.00)
$ 0.43
$ 0.26
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
-
-
FDIC Deposit Insurance special assessment
(0.01)
-
-
-
-
Professional services
0.01
-
-
-
-
Early retirement program
-
-
-
0.01
-
Termination of vendor and software services
-
-
-
-
-
Loss on sale of Equipment Finance business
-
0.01
-
-
-
Loss (gain) on sale of securities
-
-
5.70
-
-
Branch right sizing (net)
-
-
0.01
-
-
Tax effect of certain items (1)
-
(0.01)
(1.25)
-
-
Certain items, net of tax
-
-
4.46
0.01
-
Adjusted diluted earnings per share (non-GAAP)
$ 0.47
$ 0.54
$ 0.46
$ 0.44
$ 0.26
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items
(2) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."
Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)
Adjusted salaries and employee benefits (non-GAAP)
$ 75,602
$ 295,960
$ 223,036
$ 147,093
$ 74,824
Other operating expenses
$ 44,537
$ 176,184
$ 131,354
$ 88,327
$ 46,051
Certain other operating expenses items
Professional services
(1,200)
-
-
-
-
Termination of vendor and software services
-
(12)
-
-
-
Loss on sale of Equipment Finance business
-
(1,118)
-
-
-
Branch right sizing expense
(205)
(1,135)
(1,462)
94
(161)
Adjusted other operating expenses (non-GAAP)
$ 43,132
$ 173,919
$ 129,892
$ 88,421
$ 45,890
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - End of Period
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands, except per share data)
Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets
Total common stockholders' equity
$ 3,437,734
$ 3,419,240
$ 3,353,963
$ 3,549,210
$ 3,531,485
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(81,325)
(84,423)
(87,520)
(90,617)
(93,714)
Total intangibles
(1,402,124)
(1,405,222)
(1,408,319)
(1,411,416)
(1,414,513)
Tangible common stockholders' equity
$ 2,035,610
$ 2,014,018
$ 1,945,644
$ 2,137,794
$ 2,116,972
Total assets
$ 24,692,783
$ 24,540,877
$ 24,208,162
$ 26,693,620
$ 26,792,991
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(81,325)
(84,423)
(87,520)
(90,617)
(93,714)
Total intangibles
(1,402,124)
(1,405,222)
(1,408,319)
(1,411,416)
(1,414,513)
Tangible assets
$ 23,290,659
$ 23,135,655
$ 22,799,843
$ 25,282,204
$ 25,378,478
Ratio of common equity to assets
13.92 %
13.93 %
13.85 %
13.30 %
13.18 %
Ratio of tangible common equity to tangible assets
8.74 %
8.71 %
8.53 %
8.46 %
8.34 %
Calculation of Tangible Book Value per Share
Total common stockholders' equity
$ 3,437,734
$ 3,419,240
$ 3,353,963
$ 3,549,210
$ 3,531,485
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(81,325)
(84,423)
(87,520)
(90,617)
(93,714)
Total intangibles
(1,402,124)
(1,405,222)
(1,408,319)
(1,411,416)
(1,414,513)
Tangible common stockholders' equity
$ 2,035,610
$ 2,014,018
$ 1,945,644
$ 2,137,794
$ 2,116,972
Shares of common stock outstanding
145,058,331
144,762,817
144,703,075
125,996,248
125,926,822
Book value per common share
$ 23.70
$ 23.62
$ 23.18
$ 28.17
$ 28.04
Tangible book value per common share
$ 14.03
$ 13.91
$ 13.45
$ 16.97
$ 16.81
Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits
Uninsured deposits at Simmons Bank
$ 7,385,688
$ 9,640,677
$ 9,565,766
$ 8,407,847
$ 8,614,833
Less: Collateralized deposits (excluding portion that is FDIC insured)
2,509,728
2,363,327
2,169,362
2,691,215
3,005,328
Less: Intercompany eliminations
432,795
2,729,191
2,937,147
1,121,932
1,073,500
Total uninsured, non-collateralized deposits
$ 4,443,165
$ 4,548,159
$ 4,459,257
$ 4,594,700
$ 4,536,005
FHLB borrowing availability
$ 5,831,000
$ 5,999,000
$ 6,134,000
$ 5,133,000
$ 4,432,000
Unpledged securities
1,571,000
1,480,000
1,575,000
3,697,000
4,197,000
Fed funds lines, Fed discount window and
Bank Term Funding Program (1)
1,595,000
1,836,000
1,824,000
1,894,000
1,780,000
Additional liquidity sources
$ 8,997,000
$ 9,315,000
$ 9,533,000
$ 10,724,000
$ 10,409,000
Uninsured, non-collateralized deposit coverage ratio
2.0
2.0
2.1
2.3
2.3
(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss)
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
$ 32,388
Amortization of intangibles, net of taxes
2,288
2,288
2,287
2,289
2,605
Total adjusted tangible net income (non-GAAP)
$ 70,832
$ 80,366
$ (560,505)
$ 57,062
$ 34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
570
-
-
FDIC Deposit Insurance special assessment
(1,984)
-
-
-
-
Professional services
1,200
-
-
-
-
Early retirement program
283
-
305
1,594
-
Termination of vendor and software services
-
12
-
-
-
Loss on sale of Equipment Finance business
-
1,118
-
-
-
Loss (gain) on sale of securities
-
-
801,492
-
-
Branch right sizing (net)
531
85
2,004
163
994
Tax effect of certain items (1)
(8)
(318)
(176,649)
(459)
(260)
Adjusted earnings (non-GAAP)
68,566
78,975
64,930
56,071
33,122
Amortization of intangibles, net of taxes
2,288
2,288
2,287
2,289
2,605
Total adjusted tangible net income (non-GAAP)
$ 70,854
$ 81,263
$ 67,217
$ 58,360
$ 35,727
Average total assets
$ 24,533,005
$ 24,254,447
$ 24,914,922
$ 26,645,131
$ 26,678,628
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(83,248)
(86,206)
(89,349)
(92,432)
(95,787)
Total average intangibles
(1,404,047)
(1,407,005)
(1,410,148)
(1,413,231)
(1,416,586)
Average tangible assets (non-GAAP)
$ 23,128,958
$ 22,847,442
$ 23,504,774
$ 25,231,900
$ 25,262,042
Return on average assets
1.13 %
1.28 %
-8.96 %
0.82 %
0.49 %
Adjusted return on average assets (non-GAAP)
1.13 %
1.29 %
1.03 %
0.84 %
0.50 %
Return on average tangible assets (non-GAAP)
1.24 %
1.40 %
-9.46 %
0.91 %
0.56 %
Adjusted return on average tangible assets (non-GAAP)
1.24 %
1.41 %
1.13 %
0.93 %
0.57 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders
$ 68,544
$ 78,078
$ (562,792)
$ 54,773
$ 32,388
Amortization of intangibles, net of taxes
2,288
2,288
2,287
2,289
2,605
Total income available to common stockholders
$ 70,832
$ 80,366
$ (560,505)
$ 57,062
$ 34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
570
-
-
FDIC Deposit Insurance special assessment
(1,984)
-
-
-
-
Professional services
1,200
-
-
-
-
Early retirement program
283
-
305
1,594
-
Termination of vendor and software services
-
12
-
-
-
Loss on sale of Equipment Finance business
-
1,118
-
-
-
Loss (gain) on sale of securities
-
-
801,492
-
-
Branch right sizing (net)
531
85
2,004
163
994
Tax effect of certain items (1)
(8)
(318)
(176,649)
(459)
(260)
Adjusted earnings (non-GAAP)
68,566
78,975
64,930
56,071
33,122
Amortization of intangibles, net of taxes
2,288
2,288
2,287
2,289
2,605
Total adjusted earnings available to common stockholders (non-GAAP)
$ 70,854
$ 81,263
$ 67,217
$ 58,360
$ 35,727
Average common stockholders' equity
$ 3,470,260
$ 3,410,017
$ 3,368,308
$ 3,546,163
$ 3,564,469
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(83,248)
(86,206)
(89,349)
(92,432)
(95,787)
Total average intangibles
(1,404,047)
(1,407,005)
(1,410,148)
(1,413,231)
(1,416,586)
Average tangible common stockholders' equity (non-GAAP)
$ 2,066,213
$ 2,003,012
$ 1,958,160
$ 2,132,932
$ 2,147,883
Return on average common equity
8.01 %
9.08 %
-66.29 %
6.20 %
3.69 %
Return on tangible common equity
13.90 %
15.92 %
-113.56 %
10.73 %
6.61 %
Adjusted return on average common equity (non-GAAP)
8.01 %
9.19 %
7.65 %
6.34 %
3.77 %
Adjusted return on tangible common equity (non-GAAP)
13.91 %
16.10 %
13.62 %
10.97 %
6.75 %
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date (continued)
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator)
$ 140,673
$ 139,862
$ 142,032
$ 138,589
$ 144,580
Certain noninterest expense items (non-GAAP)
Early retirement program
(283)
-
(305)
(1,594)
-
FDIC Deposit Insurance special assessment
1,984
-
-
-
-
Professional services
(1,200)
-
-
-
-
Termination of vendor and software services
-
(12)
-
-
-
Loss on sale of Equipment Finance business
-
(1,118)
-
-
-
Branch right sizing expense
(531)
(85)
(2,004)
(163)
(994)
Other real estate and foreclosure expense adjustment
(315)
(432)
(200)
(216)
(198)
Amortization of intangibles adjustment
(3,097)
(3,097)
(3,097)
(3,098)
(3,527)
Adjusted efficiency ratio numerator
$ 137,231
$ 135,118
$ 136,426
$ 133,518
$ 139,861
Net interest income
$ 197,168
$ 197,296
$ 186,661
$ 171,824
$ 163,422
Noninterest income
44,197
51,708
(756,187)
42,354
46,155
Fully tax-equivalent adjustment (2)
3,012
2,890
3,811
6,422
6,414
Efficiency ratio denominator
244,377
251,894
(565,715)
220,600
215,991
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt
-
-
570
-
-
(Gain) loss on sale of securities
-
-
801,492
-
-
Adjusted efficiency ratio denominator
$ 244,377
$ 251,894
$ 236,347
$ 220,600
$ 215,991
Efficiency ratio (1)
57.56 %
55.52 %
-25.11 %
62.82 %
66.94 %
Adjusted efficiency ratio (non-GAAP) (1)
56.16 %
53.64 %
57.72 %
60.52 %
64.75 %
Calculation of Total Revenue and Adjusted Total Revenue
Net interest income
$ 197,168
$ 197,296
$ 186,661
$ 171,824
$ 163,422
Noninterest income
44,197
51,708
(756,187)
42,354
46,155
Total revenue
241,365
249,004
(569,526)
214,178
209,577
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt
-
-
570
-
-
Less: Gain (loss) on sale of securities
-
-
(801,492)
-
-
Adjusted total revenue
$ 241,365
$ 249,004
$ 232,536
$ 214,178
$ 209,577
Calculation of Pre-Provision Net Revenue (PPNR)
Net interest income
$ 197,168
$ 197,296
$ 186,661
$ 171,824
$ 163,422
Noninterest income
44,197
51,708
(756,187)
42,354
46,155
Total revenue
241,365
249,004
(569,526)
214,178
209,577
Less: Noninterest expense
140,673
139,862
142,032
138,589
144,580
Pre-Provision Net Revenue (PPNR)
$ 100,692
$ 109,142
$ (711,558)
$ 75,589
$ 64,997
Calculation of Adjusted Pre-Provision Net Revenue
Pre-Provision Net Revenue (PPNR)
$ 100,692
$ 109,142
$ (711,558)
$ 75,589
$ 64,997
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt
-
-
570
-
-
Plus: Loss (gain) on sale of securities
-
-
801,492
-
-
Plus: FDIC Deposit Insurance special assessment
(1,984)
-
-
-
-
Plus: Professional services
1,200
-
-
-
-
Plus: Early retirement program costs
283
-
305
1,594
-
Plus: Termination of vendor and software services
-
12
-
-
-
Plus: Loss on sale of Equipment Finance business
-
1,118
-
-
-
Plus: Branch right sizing costs (net)
531
85
2,004
163
994
Adjusted Pre-Provision Net Revenue
$ 100,722
$ 110,357
$ 92,813
$ 77,346
$ 65,991
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent} and noninterest revenues. Adjusted efficieny
ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest
income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is
a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss)
$ 68,544
$ (397,553)
$ (475,631)
$ 87,161
$ 32,388
Amortization of intangibles, net of taxes
2,288
9,469
7,181
4,894
2,605
Total adjusted tangible net income (non-GAAP)
$ 70,832
$ (388,084)
$ (468,450)
$ 92,055
$ 34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
570
570
-
-
FDIC Deposit Insurance special assessment
(1,984)
-
-
-
-
Professional services
1,200
-
-
-
-
Early retirement program
283
1,899
1,899
1,594
-
Termination of vendor and software services
-
12
-
-
-
Loss on sale of Equipment Finance business
-
1,118
-
-
-
Loss (gain) on sale of securities
-
801,492
801,492
-
-
Branch right sizing (net)
531
3,246
3,161
1,157
994
Tax effect of certain items (1)
(8)
(177,686)
(177,368)
(719)
(260)
Adjusted earnings (non-GAAP)
68,566
233,098
154,123
89,193
33,122
Amortization of intangibles, net of taxes
2,288
9,469
7,181
4,894
2,605
Total adjusted tangible net income (non-GAAP)
$ 70,854
$ 242,567
$ 161,304
$ 94,087
$ 35,727
Average total assets
$ 24,533,005
$ 25,614,700
$ 26,073,100
$ 26,661,787
$ 26,678,628
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(83,248)
(90,913)
(92,499)
(94,100)
(95,787)
Total average intangibles
(1,404,047)
(1,411,712)
(1,413,298)
(1,414,899)
(1,416,586)
Average tangible assets (non-GAAP)
$ 23,128,958
$ 24,202,988
$ 24,659,802
$ 25,246,888
$ 25,262,042
Return on average assets
1.13 %
-1.55 %
-2.44 %
0.66 %
0.49 %
Adjusted return on average assets (non-GAAP)
1.13 %
0.91 %
0.79 %
0.67 %
0.50 %
Return on average tangible assets (non-GAAP)
1.24 %
-1.60 %
-2.54 %
0.74 %
0.56 %
Adjusted return on average tangible assets (non-GAAP)
1.24 %
1.00 %
0.87 %
0.75 %
0.57 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders
$ 68,544
$ (397,553)
$ (475,631)
$ 87,161
$ 32,388
Amortization of intangibles, net of taxes
2,288
9,469
7,181
4,894
2,605
Total income available to common stockholders
$ 70,832
$ (388,084)
$ (468,450)
$ 92,055
$ 34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
570
570
-
-
FDIC Deposit Insurance special assessment
(1,984)
-
-
-
-
Professional services
1,200
-
-
-
-
Early retirement program
283
1,899
1,899
1,594
-
Termination of vendor and software services
-
12
-
-
-
Loss on sale of Equipment Finance business
-
1,118
-
-
-
Loss (gain) on sale of securities
-
801,492
801,492
-
-
Branch right sizing (net)
531
3,246
3,161
1,157
994
Tax effect of certain items (1)
(8)
(177,686)
(177,368)
(719)
(260)
Adjusted earnings (non-GAAP)
68,566
233,098
154,123
89,193
33,122
Amortization of intangibles, net of taxes
2,288
9,469
7,181
4,894
2,605
Total adjusted earnings available to common stockholders (non-GAAP)
$ 70,854
$ 242,567
$ 161,304
$ 94,087
$ 35,727
Average common stockholders' equity
$ 3,470,260
$ 3,471,531
$ 3,492,261
$ 3,555,265
$ 3,564,469
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(83,248)
(90,913)
(92,499)
(94,100)
(95,787)
Total average intangibles
(1,404,047)
(1,411,712)
(1,413,298)
(1,414,899)
(1,416,586)
Average tangible common stockholders' equity (non-GAAP)
$ 2,066,213
$ 2,059,819
$ 2,078,963
$ 2,140,366
$ 2,147,883
Return on average common equity
8.01 %
-11.45 %
-18.21 %
4.94 %
3.69 %
Return on tangible common equity
13.90 %
-18.84 %
-30.13 %
8.67 %
6.61 %
Adjusted return on average common equity (non-GAAP)
8.01 %
6.71 %
5.90 %
5.06 %
3.77 %
Adjusted return on tangible common equity (non-GAAP)
13.91 %
11.78 %
10.37 %
8.86 %
6.75 %
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date
For the Quarters Ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
(Unaudited)
2026
2025
2025
2025
2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator)
$ 140,673
$ 565,063
$ 425,201
$ 283,169
$ 144,580
Certain noninterest expense items (non-GAAP)
Early retirement program
(283)
(1,899)
(1,899)
(1,594)
-
FDIC Deposit Insurance special assessment
1,984
-
-
-
-
Professional services
(1,200)
-
-
-
-
Termination of vendor and software services
-
(12)
-
-
-
Loss on sale of Equipment Finance business
-
(1,118)
-
-
-
Branch right sizing expense
(531)
(3,246)
(3,161)
(1,157)
(994)
Other real estate and foreclosure expense adjustment
(308)
(1,046)
(614)
(414)
(198)
Amortization of intangibles adjustment
(3,097)
(12,819)
(9,722)
(6,625)
(3,527)
Adjusted efficiency ratio numerator
$ 137,238
$ 544,923
$ 409,805
$ 273,379
$ 139,861
Net interest income
$ 197,168
$ 719,203
$ 521,907
$ 335,246
$ 163,422
Noninterest income
44,197
(615,970)
(667,678)
88,509
46,155
Fully tax-equivalent adjustment (2)
3,012
19,537
16,647
12,836
6,414
Efficiency ratio denominator
244,377
122,770
(129,124)
436,591
215,991
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt
-
570
570
-
-
(Gain) loss on sale of securities
-
801,492
801,492
-
-
Adjusted efficiency ratio denominator
$ 244,377
$ 924,832
$ 672,938
$ 436,591
$ 215,991
Efficiency ratio (1)
57.56 %
460.26 %
-329.30 %
64.86 %
66.94 %
Adjusted efficiency ratio (non-GAAP) (1)
56.16 %
58.92 %
60.90 %
62.62 %
64.75 %
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National (SFNC - Free Report) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -0.53%. A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.54, delivering a surprise of +10.2%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Simmons First National, which belongs to the Zacks Banks - Southeast industry, posted revenues of $241.37 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.21%. This compares to year-ago revenues of $209.58 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Simmons First National shares have added about 9% since the beginning of the year versus the S&P 500's gain of 2.6%.
What's Next for Simmons First National?While Simmons First National has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Simmons First National was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $245.56 million in revenues for the coming quarter and $2.04 on $990.78 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, TowneBank (TOWN - Free Report) , is yet to report results for the quarter ended March 2026.
This community bank is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +8.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
TowneBank's revenues are expected to be $253.89 million, up 31.5% from the year-ago quarter.
Simmons First National (SFNC - Free Report) reported $241.37 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 15.2%. EPS of $0.47 for the same period compares to $0.26 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $241.86 million, representing a surprise of -0.21%. The company delivered an EPS surprise of -0.53%, with the consensus EPS estimate being $0.47.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Simmons First National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annualized net charge offs to average loans: 0.2% versus the three-analyst average estimate of 0.3%.Total interest earning assets (FTE) - Average Balance: $21.17 billion versus $21.05 billion estimated by three analysts on average.Efficiency Ratio: 57.6% versus the three-analyst average estimate of 58.7%.Net Interest Margin: 3.8% versus the three-analyst average estimate of 3.8%.Total nonperforming loans: $141.88 million versus the two-analyst average estimate of $110.29 million.Total nonperforming assets: $154.54 million versus the two-analyst average estimate of $120.85 million.Net Interest Income - FTE: $200.18 million versus the three-analyst average estimate of $198.42 million.Total Non-Interest Income: $44.2 million versus $45.33 million estimated by three analysts on average.Wealth management fees: $10.53 million compared to the $10.39 million average estimate based on two analysts.Service charges on deposit accounts: $12.66 million compared to the $12.66 million average estimate based on two analysts.Debit and credit card fees: $8.5 million versus $8.73 million estimated by two analysts on average.Net Interest Income: $197.17 million versus $196.72 million estimated by two analysts on average.View all Key Company Metrics for Simmons First National here>>>
Shares of Simmons First National have returned +10.8% over the past month versus the Zacks S&P 500 composite's +6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Bank leans toward upper end of NII guidance despite shifting to zero rate-cut assumptions Summary
Deposit growth could be the key constraint on sustaining loan expansion
Simmons First National Corporation SFNC is starting to frame its recent momentum as the result of several years of internal repositioning, with management pointing to stronger loan growth tied to changes in client targeting, incentive structures, and overall relationship strategy. CEO Jay Brogdon emphasized that the bank has been focused on “quality growth” for multiple years, while also acknowledging a backdrop that includes “very, very robust demand” alongside ongoing macro uncertainty and pricing competition. At the same time, the company is leaning further into commercial capabilities, particularly treasury management and payments, while early traction from a newly hired wealth management team has already brought in more than $350 million in assets under management.
On the financial side, the outlook for 2026 remains anchored to a 9% to 11% net interest income growth range, but CFO Daniel Hobbs suggested results could land toward the higher end of that band. This shift comes even as the rate backdrop has evolved, with the forward view now assuming zero rate cuts compared to the prior expectation of two. Margin performance continues to be driven by balance sheet remixing, including a reduction in higher-cost time deposits and a push toward core deposit growth, which has helped lower deposit costs by 48 basis points while loan yields declined by 7 basis points. Hobbs added that net interest margin could move toward the mid-3.80% range by year-end, although he noted that deposit growth may ultimately act as the key limiter on loan expansion.
Even with that improving trajectory, management is keeping expectations measured, particularly as competition remains elevated in areas like commercial real estate, where larger banks have been more aggressive on pricing. Brogdon indicated that recent loan growth, including a roughly 10% annualized pace, should not be viewed as a consistent quarterly run rate, reinforcing a focus on disciplined execution. Credit trends were described as manageable, with recent nonperforming loan movements tied to specific situations rather than broader deterioration, while capital strategy continues to center around a roughly 10.5% CET1 target. The company is also maintaining a patient stance on buybacks despite what management described as a relatively low forward earnings multiple, suggesting a continued balance between growth, funding discipline, and capital deployment as 2026 progresses.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Headquartered in Pine Bluff, Simmons First National (SFNC - Free Report) is a Finance stock that has seen a price change of 14.16% so far this year. The bank holding company is paying out a dividend of $0.22 per share at the moment, with a dividend yield of 4% compared to the Banks - Southeast industry's yield of 2.04% and the S&P 500's yield of 1.39%.
Looking at dividend growth, the company's current annualized dividend of $0.86 is up 1.2% from last year. Over the last 5 years, Simmons First National has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Simmons First National's current payout ratio is 45%, meaning it paid out 45% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, SFNC expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.05 per share, with earnings expected to increase 18.50% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, SFNC is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in Pine Bluff, Simmons First National (SFNC - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 14.54%. Currently paying a dividend of $0.22 per share, the company has a dividend yield of 3.98%. In comparison, the Banks - Southeast industry's yield is 2.02%, while the S&P 500's yield is 1.41%.
Looking at dividend growth, the company's current annualized dividend of $0.86 is up 1.2% from last year. Over the last 5 years, Simmons First National has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Simmons First National's current payout ratio is 45%, meaning it paid out 45% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, SFNC expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.08 per share, which represents a year-over-year growth rate of 20.23%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, SFNC is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in Pine Bluff, Simmons First National (SFNC - Free Report) is a Finance stock that has seen a price change of 13.21% so far this year. Currently paying a dividend of $0.22 per share, the company has a dividend yield of 4.03%. In comparison, the Banks - Southeast industry's yield is 2.09%, while the S&P 500's yield is 1.42%.
Looking at dividend growth, the company's current annualized dividend of $0.86 is up 1.2% from last year. Over the last 5 years, Simmons First National has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Simmons First National's current payout ratio is 45%, meaning it paid out 45% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, SFNC expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.08 per share, representing a year-over-year earnings growth rate of 20.23%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, SFNC is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
, /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) announced today that its board of directors has declared a quarterly cash dividend on Simmons' Class A common stock of $0.215 per share, which is payable on July 1, 2026, to shareholders of record as of June 15, 2026. The cash dividend rate represents an increase of 1 percent from the dividend paid for the same time period last year.
The annualized cash dividend rate of $0.86 for 2026 represents a ten-year compound annual growth rate of 6 percent and marks the 117th consecutive year that Simmons has paid cash dividends. According to research by Dividend Power, Simmons is one of only 27 U.S. publicly traded companies that have paid dividends for 100+ uninterrupted years. 2026 marks the 15th consecutive year that Simmons has increased its dividend, earning it Dividend Power's designation as a "Dividend Contender," a title exclusively for companies that have increased their dividend for 10 to 24 consecutive years. As of December 21, 2025, Dividend Power research noted that Simmons is one of only 322 companies out of nearly 6,000 companies listed on the New York Stock Exchange (NYSE) and NASDAQ to achieve this distinction.
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Forward-Looking Statements
This press release contains statements related to dividends that are not based on historical facts and constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. By nature, such forward-looking statements are based on various assumptions and involve inherent risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Among other risks, there can be no guarantee that the board of directors of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) may differ significantly from past dividends. Additional information on other risk factors that could affect the forward-looking statements is included in the Company's Form 10-K for the year ended December 31, 2025, the Company's Form 10-Q for the quarter ended March 31, 2026, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release.
On May 15, 2026, Rhino Investment Partners, Inc disclosed in a Securities and Exchange Commission (SEC) filing that it sold 642,196 shares of Simmons First National Corporation (SFNC +1.26%), an estimated $12.82 million trade based on quarterly average pricing.
What happenedAccording to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, Rhino Investment Partners reduced its position in Simmons First National Corporation by 642,196 shares during the first quarter. The estimated transaction value was $12.82 million based on the average unadjusted closing price for the period. The quarter-end value of the stake decreased by $11.67 million, reflecting both the sale of shares and changes in the stock’s market price.
What else to knowRhino Investment Partners, Inc’s SFNC stake now accounts for about 4% of its 13F AUM, down from 7.3% in the prior quarter.Top holdings after the filing:NASDAQ:HOPE: $28.99 million (8.1% of AUM)NASDAQ:WSBC: $24.27 million (6.8% of AUM)NASDAQ:HAFC: $23.25 million (6.5% of AUM)NYSE:ASB: $21.31 million (5.9% of AUM)NSE:FNB: $20.19 million (5.6% of AUM)As of Friday, shares of Simmons First National Corporation were priced at $21.45, up 14% over the past year and underperforming the S&P 500, which is up 28%.Company overviewMetricValueRevenue (TTM)$125.6 millionNet Income (TTM)($361.4 million)Dividend Yield4%Price (as of Friday)$21.45Company snapshotSFNC offers a comprehensive suite of banking products, including deposit accounts, consumer and commercial loans, trust and fiduciary services, credit cards, and investment management solutions.The firm serves individuals, small businesses, and commercial clients across Arkansas, Missouri, Tennessee, Texas, Oklahoma, and Kansas.It operates through a broad branch network and digital banking platform to reach a wide customer base.Simmons First National Corporation is a regional bank holding company with a diversified portfolio of financial services and a significant presence in the South-Central United States. The company leverages its branch network and digital capabilities to serve a broad range of customers.
What this transaction means for investorsEven after trimming its Simmons position, Rhino Investment Partners retained a meaningful stake, suggesting the firm still sees value in the regional lender's turnaround story. Meanwhile, Simmons has actually been improving many of the metrics that matter most for banks. First-quarter loans grew at a 10% annualized linked-quarter pace, while net interest margin expanded to 3.84% from 3.81% in the prior quarter. Plus, net income reached $68.5 million, more than double the $32.4 million reported a year earlier.
CEO Jay Brogdon said results were driven by strong loan growth, expanding margin, and continued earnings momentum, adding that management is becoming increasingly optimistic about achieving returns above its long-term targets.
The balance sheet also remains solid. Simmons ended the quarter with a tangible common equity ratio of 8.74%, a CET1 ratio of 11.58%, and net charge-offs of just 0.21%.
It remains to be seen how well management can sustain loan growth without sacrificing credit quality, but if margins continue expanding and credit remains healthy, Simmons could have more room to run despite trailing the broader market over the past year.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Seasoned commercial banking leader with deep Texas roots to drive middle-market expansion and strategic initiatives
, /PRNewswire/ -- Simmons Bank (Simmons), a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), announced today that Jim Recer has joined the bank as executive vice president, commercial regional executive.
In this role, Recer will lead Simmons' commercial and industrial (C&I) banking strategy across Texas, Nashville, Kansas City and St. Louis, with a focus on expanding the bank's middle-market commercial business and strengthening its presence in key growth markets.
Simmons Bank Taps Veteran Banker Jim Recer to Lead C&I Strategy in Key Markets "Jim is a highly respected leader with a proven track record of recruiting talent and developing high-performing teams," said Jonathan Schneider, president of commercial banking at Simmons Bank. "His experience across multiple commercial, corporate and specialty banking verticals is complemented by a disciplined approach to risk management and makes him an outstanding addition to our leadership team. Jim's experience also aligns well with our strategic growth initiative to expand our middle market capabilities and enhance our client solutions. His leadership will be instrumental in accelerating sustainable, organic growth.
We are excited to welcome him and look forward to the impact he will have on our clients, associates and the communities we serve, as well as his role in further strengthening and building our team."
Recer brings more than 30 years of banking and financial services experience, including a significant portion of his career in Texas, where he has held multiple executive leadership roles. He began his career at Bank of America, advancing to group executive focused on delivering banking and investment banking solutions to middle-market companies. He later spent 13 years at BBVA Compass as senior managing director, providing integrated financial services to U.S.-based clients and serving in key leadership positions, including Houston market president, South Texas region executive and director of asset recovery management and solutions.
Recer also served as executive managing director of specialty banking at Texas Capital Bank, chief banking officer at Veritex Bank and most recently North Texas president at Texas Regional Bank, where he led company-wide initiatives to improve speed-to-market in credit and loan closing while improving production and talent acquisition.
He holds a bachelor's degree in finance from the University of Texas at Austin and has completed advanced executive and risk management programs through leading institutions, including The Wharton School and BBVA's international leadership programs in Spain.
Simmons Bank
Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in Pine Bluff, Simmons First National (SFNC - Free Report) is a Finance stock that has seen a price change of 15.17% so far this year. The bank holding company is paying out a dividend of $0.22 per share at the moment, with a dividend yield of 3.96% compared to the Banks - Southeast industry's yield of 2.04% and the S&P 500's yield of 1.45%.
Looking at dividend growth, the company's current annualized dividend of $0.86 is up 1.2% from last year. Over the last 5 years, Simmons First National has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Simmons First National's current payout ratio is 45%, meaning it paid out 45% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for SFNC for this fiscal year. The Zacks Consensus Estimate for 2026 is $2.08 per share, which represents a year-over-year growth rate of 20.23%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, SFNC is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
