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, /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 October 1, 2026, to shareholders of record as of September 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 August 9, 2026, 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 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.

SOURCE Simmons First National Corporation

Posted by Defense World Staff on Aug 9th, 2026

California State Teachers Retirement System raised its stake in Simmons First National Corporation (NASDAQ:SFNC – Free Report) by 28.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 179,682 shares of the bank’s stock after buying an additional 39,590 shares during the quarter. California State Teachers Retirement System owned 0.12% of Simmons First National worth $3,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SFNC. Bessemer Group Inc. increased its stake in shares of Simmons First National by 156.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock worth $29,000 after acquiring an additional 925 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Simmons First National by 197.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,104 shares in the last quarter. Hantz Financial Services Inc. increased its position in Simmons First National by 35.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after purchasing an additional 495 shares during the last quarter. Osaic Holdings Inc. raised 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 purchasing an additional 644 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Simmons First National during the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Price Performance Shares of Simmons First National stock opened at $23.46 on Friday. The firm has a fifty day moving average price of $22.65 and a two-hundred day moving average price of $21.25. Simmons First National Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $24.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market cap of $3.40 billion, a PE ratio of -9.27 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC – Get Free Report) last released its earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. Simmons First National’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Analysts expect that Simmons First National Corporation will post 2.05 EPS for the current year.

Simmons First National Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s payout ratio is currently -33.99%.

Wall Street Analyst Weigh In A number of equities analysts recently commented on the company. Morgan Stanley restated a “positive” rating on shares of Simmons First National in a report on Monday, June 29th. Keefe, Bruyette & Woods lifted their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Simmons First National in a research report on Tuesday, July 21st. National Bank Financial set a $25.00 price target on shares of Simmons First National in a research note on Monday, July 20th. Finally, Stephens raised their price target on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Read Our Latest Stock Analysis on Simmons First National

About Simmons First National (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.

Further Reading Five stocks we like better than Simmons First National Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish Want to see what other hedge funds are holding SFNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simmons First National Corporation (NASDAQ:SFNC – Free Report).

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Simmons First National Corporation (SFNC) Q2 2026 Earnings Call Transcript

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.

PINE BLUFF, Ark., /PRNewswire/ --

Financial Highlights

2Q26

1Q26

2Q25

2Q26 Highlights

Income Statement Summary (in millions)

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)

QUARTER-TO-DATE

    Noninterest income

$        47,939

$        44,197

$        51,708

$    (756,187)

$        42,354

Certain noninterest income items

Loss on early extinguishment of debt

-

-

-

570

-

Loss (gain) on sale of securities

-

-

-

801,492

-

    Adjusted noninterest income (non-GAAP)

$        47,939

$        44,197

$        51,708

$        45,875

$        42,354

    Other income

$          8,599

$          4,827

$        12,365

$          6,141

$          4,837

Certain other income items

Loss on early extinguishment of debt

-

-

-

570

-

    Adjusted other income (non-GAAP)

$          8,599

$          4,827

$        12,365

$          6,711

$          4,837

    Noninterest expense

$      147,739

$      140,673

$      139,862

$      142,032

$      138,589

Certain noninterest expense items

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)

    Adjusted noninterest expense (non-GAAP)

140,320

140,643

138,647

139,723

136,832

 Less: Fraud event

-

-

-

-

-

    Adjusted noninterest expense, excluding fraud event (non-GAAP)

$      140,320

$      140,643

$      138,647

$      139,723

$      136,832

    Salaries and employee benefits

$        75,590

$        75,885

$        72,924

$        76,249

$        73,862

Certain salaries and employee benefits items

Severance/early retirement program costs

(1,320)

(283)

-

(305)

(1,594)

Other

4

-

-

(1)

1

    Adjusted salaries and employee benefits (non-GAAP)

$        74,274

$        75,602

$        72,924

$        75,943

$        72,269

    Other operating expenses

$        46,550

$        44,537

$        44,830

$        43,027

$        42,276

Certain other operating expenses items

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

(2,399)

(205)

327

(1,556)

255

    Adjusted other operating expenses (non-GAAP)

$        44,151

$        43,132

$        44,027

$        41,471

$        42,531

Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - 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, except per share data)

YEAR-TO-DATE

 Net income (loss)

$      135,235

$        68,544

$    (397,553)

$    (475,631)

$        87,161

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)

    Certain items, net of tax

5,502

22

630,651

629,754

2,032

Adjusted earnings (non-GAAP) (2)

$      140,737

$        68,566

$      233,098

$      154,123

$        89,193

 Diluted earnings per share

$            0.93

$            0.47

$          (2.95)

$          (3.63)

$            0.69

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

-

0.01

-

-

FDIC Deposit Insurance special assessment

(0.01)

(0.01)

-

-

-

Certain professional services

0.01

0.01

-

-

-

Severance/early retirement program costs

0.01

-

0.01

0.02

0.01

Termination of vendor and software services

-

-

-

-

-

Loss on sale of Equipment Finance business

-

-

0.01

-

-

Loss (gain) on sale of securities

-

-

5.95

6.11

-

Branch/real estate rightsizing costs, net

0.04

-

0.02

0.02

0.01

Tax effect of certain items (1)

(0.01)

-

(1.32)

(1.34)

-

    Certain items, net of tax

0.04

-

4.68

4.81

0.02

 Adjusted diluted earnings per share (non-GAAP)

$            0.97

$            0.47

$            1.73

$            1.18

$            0.71

 (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)

YEAR-TO-DATE

    Noninterest income

$        92,136

$        44,197

$    (615,970)

$    (667,678)

$        88,509

Certain noninterest income items

Loss on early extinguishment of debt

-

-

570

570

-

Loss (gain) on sale of securities

-

-

801,492

801,492

-

    Adjusted noninterest income (non-GAAP)

$        92,136

$        44,197

$      186,092

$      134,384

$        88,509

    Other income

$        13,426

$          4,827

$        31,350

$        18,985

$        12,844

Certain other income items

Loss on early extinguishment of debt

-

-

570

570

-

    Adjusted other income (non-GAAP)

$        13,426

$          4,827

$        31,920

$        19,555

$        12,844

    Noninterest expense

$      288,412

$      140,673

$      565,063

$      425,201

$      283,169

Certain noninterest expense items

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)

    Adjusted noninterest expense (non-GAAP)

280,963

140,643

558,788

420,141

280,418

 Less: Fraud event

-

-

(4,300)

(4,300)

(4,300)

    Adjusted noninterest expense, excluding fraud event (non-GAAP)

$      280,963

$      140,643

$      554,488

$      415,841

$      276,118

    Salaries and employee benefits

$      151,475

$        75,885

$      297,859

$      224,935

$      148,686

Certain salaries and employee benefits items

Severance/early retirement program costs

(1,603)

(283)

(1,899)

(1,899)

(1,594)

Other

4

-

-

-

1

    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. 

SOURCE Simmons First National Corporation