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Rocket Lab, Nebius, CoreWeave Stocks Jump After Major Nasdaq-100 Shakeup Summary

Several technology and growth companies rallied after securing spots in the Nasdaq-100 index

Nasdaq (NDAQ) said it will add CoreWeave CRWV , Nebius NBIS , Rocket Lab RKLB , Astera Labs ALAB and Teradyne (TER) to the Nasdaq-100 index, a move that is likely to prompt fresh buying from index-tracking funds, according to a Wednesday exchange notice.

The changes will take effect before the market opens on June 22 as part of Nasdaq's quarterly rebalance. The index, which holds 100 of the largest non-financial companies listed on the exchange, is reviewed regularly to keep its membership in line with eligibility rules.

Shares of CoreWeave, Nebius, Rocket Lab, Astera Labs and Teradyne jumped in after-hours trading after the news. CoreWeave edged higher 4%, while Nebius climbed about 5%, Rocket Lab rose nearly 9%, Astera Labs surged more than 11% and Teradyne added about 10%.

Companies leaving the Nasdaq-100 are Charter Communications, Cognizant Technology, Insmed, Verisk Analytics and Zscaler. Being added to the Nasdaq-100 can lift trading volume because funds and ETFs that track Nasdaq (NDAQ) often adjust holdings to match the new lineup.

Howmet (HWM - Free Report) reported $2.31 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 19.1%. EPS of $0.86 for the same period compares to $0.86 a year ago.

The reported revenue represents a surprise of +3.41% over the Zacks Consensus Estimate of $2.24 billion. With the consensus EPS estimate being $1.11, the EPS surprise was -22.4%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Howmet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Total Sales- Engine Products: $1.26 billion versus the two-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of +25.8%.Total Sales- Fastening Systems: $471 million versus $470.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.Total Sales- Engineered Structures: $302 million versus $295.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6% change.End Market Revenue- Commercial Transportation: $346 million versus $317.6 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change.End Market Revenue- Aerospace- Commercial: $1.22 billion versus $1.19 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.End Market Revenue- Aerospace- Defense: $366 million versus $369.38 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.9% change.Total Sales- Forged Wheels: $295 million compared to the $264.6 million average estimate based on two analysts. The reported number represents a change of +17.1% year over year.Adjusted EBITDA- Engine Products: $458 million versus $419.85 million estimated by two analysts on average.Adjusted EBITDA- Forged Wheels: $90 million versus the two-analyst average estimate of $75.41 million.Adjusted EBITDA- Engineered Structures: $66 million versus $65.08 million estimated by two analysts on average.Adjusted EBITDA- Fastening Systems: $150 million versus $148.85 million estimated by two analysts on average.View all Key Company Metrics for Howmet here>>>

Shares of Howmet have returned +7.3% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

, /PRNewswire/ -- Howmet Aerospace Inc. (NYSE: HWM) announced today that John C. Plant, Executive Chairman and Chief Executive Officer, will speak at Bernstein's 42nd Annual Strategic Decisions Conference (SDC) on Wednesday, May 27th, 2026, at 8:00 AM ET.

A real-time webcast of the event will be available on the "Investors/Events and Presentations" section of www.howmet.com, where a webcast replay will be available for 90 days following the presentation.

About Howmet Aerospace
Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace, gas turbine, and transportation industries. The Company's primary businesses focus on engine components, fastening systems, and airframe structural components necessary for mission-critical performance and efficiency, including in aerospace, defense, and gas turbine applications, as well as forged aluminum wheels for commercial transportation. With approximately 1,200 granted and pending patents, the Company's differentiated technologies enable lighter, more fuel-efficient aircraft and commercial trucks to operate with a lower carbon footprint. For more information, visit www.howmet.com.

Dissemination of Company Information
Howmet Aerospace intends to make future announcements regarding Company developments and financial performance through its website at www.howmet.com.

SOURCE Howmet Aerospace Inc.

Key Takeaways Howmet commercial aerospace revenues rose 20% in Q1, accounting for 53% of sales.HWM Engine Products revenues jumped 29% on aerospace and gas turbine market strength.Boeing and Airbus production growth is supporting continued demand for Howmet products. The strongest driver of Howmet Aerospace Inc.’s (HWM - Free Report) business at the moment is the persistent strength in its commercial aerospace market. In the first quarter of 2026, the company’s revenues from the commercial aerospace market increased 20% year over year (exceeding $1.2 billion), which accounted for 53% of its quarterly sales. Strong air travel activities have been positive for the company, as the increased usage of aircraft has driven spending on parts and products that it provides.

This uptick significantly benefited Howmet’s Engine Products segment, which reported a 29% year-over-year revenue increase in the first quarter. The sustained strength was attributed to solid momentum in the commercial aerospace, defense aerospace and gas turbine markets. Driven by strength across the commercial and defense aerospace markets, revenues from the Fastening Systems segment also increased 14% year over year.

Boeing is witnessing a gradual production increase, particularly in the 737 MAX widebody aircraft, which is boosting demand for Howmet’s products in the market. Healthy build rates at Airbus for A320 (narrowbody) and A350 (widebody) aircraft also hold promise for HWM’s spare engine demand. With commercial aircraft programs expected to continue benefiting from the strength in air travel, HWM is poised to maintain strong demand momentum in the quarters ahead.

HWM’s Peers in the Commercial Aerospace MarketGE Aerospace (GE - Free Report) is benefiting from the solid demand for LEAP, GEnx & GE9X engines and services within the Commercial Engines & Services business. Revenues from the company’s Commercial Engines & Services business jumped 34% year over year to $8.92 billion in first-quarter 2026. In first-quarter 2026, the company received orders for more than 650 commercial engines, including commitments from American Airlines, United Airlines and Delta Airlines.

Improving commercial air passenger traffic has been benefiting Textron Inc.’s (TXT - Free Report) Aviation business unit. Strong fleet utilization, backed by improving commercial air travel, contributed to Textron Aviation unit’s revenue growth of 22% in the first quarter. Thanks to growing air travel, Textron has also been witnessing strong order activity, which resulted in a backlog of $8 billion (exiting first quarter) for the Aviation segment.

HWM's Price Performance, Valuation and EstimatesShares of Howmet have gained 9.2% in the past three months against the industry’s decline of 11.2%.

Image Source: Zacks Investment Research

From a valuation standpoint, HWM is trading at a forward price-to-earnings ratio of 55.36X, above the industry’s average of 32.24X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for HWM’s earnings has been on the rise over the past 60 days.

Image Source: Zacks Investment Research

The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways NVIDIA is benefiting from sustained AI infrastructure demand despite higher rates and slower growth.NVDA reported Q4 data-center revenues of $62.3B, up 75% year over year amid AI expansion.Howmet Aerospace raised 2026 guidance as defense spending and aircraft demand strengthen backlogs. Wall Street entered the second quarter of 2026 expecting rate cuts, but by late April and especially after the May inflation data, those expectations have weakened materially. Inflation has remained sticky, labor markets are still resilient and geopolitical tensions have pushed energy prices higher again.

As a result, investors are no longer chasing every growth theme indiscriminately. Capital is now concentrated in sectors that can either sustain earnings growth in a high-rate environment or benefit directly from inflationary and geopolitical pressures.

Against this backdrop, two sectors have become the primary focus of investors — AI-driven Technology and Energy/Defense with stocks like NVIDIA (NVDA - Free Report) and Howmet Aerospace (HWM - Free Report) attracting strong institutional inflows due to earnings visibility, pricing power and long-term demand resilience. Let’s delve deeper.

Sticky CPI, Stable Labor Market Drive Q2 Sector FocusAccording to the U.S. Bureau of Labor Statistics (BLS), consumer inflation accelerated in April 2026, with headline CPI (Consumer Price Index) rising 3.8% year over year compared with 3.3% in March. Energy inflation surged 17.9%, becoming one of the biggest factors behind renewed pricing pressure.

At the same time, the labor market has remained firmer than expected. The U.S. economy added 115,000 jobs in April, significantly above economists’ consensus forecasts of roughly 62,000 (Reuters), while unemployment held steady at 4.3%. March payrolls were also revised upward to 185,000. Although hiring has moderated from prior years, labor conditions remain sufficiently stable to prevent the Fed from pivoting aggressively toward monetary easing.

Financial markets reacted sharply after April inflation came in hotter than Reuters’ consensus estimates. U.S. headline CPI rose 3.8% year over year versus economists’ expectations of 3.7%, reinforcing concerns that the Federal Reserve may keep interest rates elevated for longer.

2 AI and Defense Stocks Gaining Focus in Q2
Image Source: Zacks Investment Research

AI-focused technologyremains one of the strongest themes in the second quarter of 2026, with NVIDIA continuing to attract investors seeking earnings resilience in a volatile macro backdrop. Unlike many cyclical technology companies, NVIDIA is benefiting from structural AI spending that remains largely unaffected by elevated interest rates and slowing economic growth. Hyperscalers, sovereign governments and enterprises are still aggressively expanding AI infrastructure, creating sustained demand for advanced GPUs and AI networking systems.

In its last-reported fiscal fourth-quarter 2026 release, NVIDIA reported data-center revenues of $62.3 billion, up 75% year over year. Management also highlighted growing adoption of agentic AI and introduced its next-generation Rubin AI platform, supporting long-term demand visibility. Strong partnerships with Microsoft, Amazon, Meta and OpenAI further position NVIDIA as a direct beneficiary of ongoing global AI-capex expansion.

This Zacks Rank #2 (Buy) stock has gained 28.5% since April 1. In the second quarter of fiscal 2027 (ending July 2026), the company is projected to report earnings growth of 82.9% over the year-ago reported number.

Image Source: Zacks Investment Research

Defense and Energy stocks are also gaining momentum in the April to June quarter, with Howmet Aerospace emerging as a strong beneficiary of rising global aircraft and defense demand. Persistent geopolitical tensions, expanding defense budgets and accelerating commercial-aircraft production have improved long-term order visibility across the aerospace supply chain. Unlike many industrial companies exposed to weaker consumer spending, Howmet benefits from long-cycle aerospace programs and sustained demand for high-performance engine components and fastening systems.

In its first-quarter 2026 earnings release, Howmet raised its full-year guidance after reporting strong growth across both commercial aerospace and defense markets. The company expects continued strength in jet-engine demand and robust aerospace backlog trends, indicating that defense modernization and aircraft-production expansion could continue supporting earnings growth through 2026.

This Zacks Rank #2 stock has gained 14.2% since April 1. In the second quarter of fiscal 2026 (ending June 2026), the company is projected to report earnings growth of 30.8% over the year-ago reported number. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Image Source: Zacks Investment Research

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.

That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.

However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Howmet (HWM - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.

Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).

While there are numerous reasons why the stock of this maker of engineered products for the aerospace and other industries is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Howmet is 40%, investors should actually focus on the projected growth. The company's EPS is expected to grow 29% this year, crushing the industry average, which calls for EPS growth of 12.5%.

Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.

Right now, year-over-year cash flow growth for Howmet is 31.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of 8.3%.

While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 21.3% over the past 3-5 years versus the industry average of 12.2%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

There have been upward revisions in current-year earnings estimates for Howmet. The Zacks Consensus Estimate for the current year has surged 9.9% over the past month.

Bottom LineWhile the overall earnings estimate revisions have made Howmet a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination indicates that Howmet is a potential outperformer and a solid choice for growth investors.

Howmet Aerospace (HWM) is upgraded to Buy as earnings power and growth momentum strengthen, despite a demanding valuation. Q1 2026 saw revenue up 19% y/y, adj. EBITDA up 32% y/y, and adj. EPS up 42% y/y, driven by commercial aero spares and IGT. Commercial aero spares now comprise a larger, higher-margin revenue share, providing more durable growth less tied to new aircraft production.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Howmet (HWM - Free Report) .

Howmet currently has an average brokerage recommendation (ABR) of 1.38, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.38 approximates between Strong Buy and Buy.

Of the 24 recommendations that derive the current ABR, 19 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 79.2% and 4.2% of all recommendations.

Brokerage Recommendation Trends for HWM

Check price target & stock forecast for Howmet here>>>

While the ABR calls for buying Howmet, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is HWM a Good Investment?Looking at the earnings estimate revisions for Howmet, the Zacks Consensus Estimate for the current year has increased 10.4% over the past month to $4.96.

Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Howmet. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, the Buy-equivalent ABR for Howmet may serve as a useful guide for investors.

Key Takeaways Howmet's defense aerospace revenues increased 10% year over year in first-quarter 2026.HWM's Engine Products segment posted 29% revenue growth, aided by defense aerospace demand.Strong defense funding and military-aircraft programs support Howmet's growth outlook. Howmet Aerospace Inc. (HWM - Free Report) is benefiting from strong momentum in its defense aerospace market. After experiencing growth of 21% in 2025, revenues from the defense aerospace market increased 10% year over year in first-quarter 2026. The surge in revenues was driven by the solid demand for engine spares, particularly related to the F-35 program, and an increase in orders for legacy fighter jet spares.

This solid momentum is significantly benefiting Howmet’s Engine Products segment, which reported 29% year-over-year revenue growth in the first quarter. With a solid pipeline of military-aircraft programs and a robust defense budget, HWM is poised to maintain strong demand momentum in the quarters ahead.

It's worth noting that the fiscal year 2026 Defense Appropriations Act was signed into law in February 2026, providing a strong budgetary allocation for defense. Such robust provisions set the stage for Howmet, which remains focused on its defense business.

The robust military funding enhances Howmet’s ability to secure new contracts. Backed by favorable geopolitical developments and consistent government support, the company’s defense aerospace market is well-placed for growth in the quarters ahead.

Segment Snapshot of HWM’s PeersHoneywell International Inc. (HON - Free Report) is benefiting from strong momentum in its defense and space business. In the first quarter of 2026, organic sales from Honeywell’s defense and space business increased 4% on a year-over-year basis. The increase in Honeywell’s revenues was fueled by stable U.S. and international defense spending volumes and sustained demand from the current geopolitical climate.

GE Aerospace (GE - Free Report) is benefiting from solid momentum in its Defense & Propulsion Technologies segment. In first-quarter 2026, GE Aerospace clinched a $1.4 billion deal for T408 engines to support the U.S. Marine Corps’ CH-53K helicopter fleet. Driven by strong bookings, revenues from the Defense & Propulsion Technologies segment increased 19% year over year and orders grew 67% in the first quarter.

HWM's Price Performance, Valuation and EstimatesShares of Howmet have surged 21.3% in the year-to-date period against the industry’s decline of 3.4%.

Image Source: Zacks Investment Research

From a valuation standpoint, HWM is trading at a forward price-to-earnings ratio of 46.31X, above the industry’s average of 32.07X. Howmet carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for HWM’s 2026 earnings has increased 9% over the past 60 days.

Image Source: Zacks Investment Research

The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The iShares U.S. Aerospace & Defense ETF (NYSEARCA:ITA) is sitting on a 34% one-year gain heading into June, with shares at roughly $235 and $13.5 billion in net assets. Two events in the next four weeks will largely decide whether ITA keeps running: the Pentagon’s FY2027 budget moving through Congress, and the June 29 Honeywell Aerospace spin-off that reshuffles the fund’s holdings. Both belong on the radar of any ITA holder.

What the fund actually owns ITA tracks the Dow Jones U.S. Select Aerospace & Defense Index at a 0.38% net expense ratio. GE Aerospace (NYSE:GE | GE Price Prediction) alone is 19% of net assets, with RTX at roughly 17% and Boeing (NYSE:BA) at nearly 9%. That top trio is roughly 44% of the portfolio. Adding General Dynamics and Lockheed Martin lifts the top five to roughly 54%. When people buy ITA, they are really buying GE, RTX, and Boeing, with a defense overlay.

The macro factor: the $1.45 trillion FY2027 budget The single biggest driver over the next 12 months is the $1.45 trillion FY2027 Department of War budget request, a roughly 42% increase over the FY2026 enacted level. Procurement is set to jump from $163.6 billion to $257.6 billion, with RDT&E moving to $218.8 billion. The request specifically funds $18 billion for Golden Dome and over $74 billion for drone and counter-drone systems, plus next-generation programs like the F-47 and B-21.

Watch appropriations markup language and any continuing resolution that delays procurement obligations past October 1. The data lives on the House and Senate Armed Services Committee pages and on Comptroller.defense.gov. Check monthly through summer markup, then weekly through September. Lockheed already telegraphed how this flows through, signing multi-year framework agreements for Patriot, THAAD, and PrSM that target 3 to 4 times current production rates. If the budget passes near the request, ITA’s defense primes get multi-year visibility. A CR that runs deep into FY2027 would extend that visibility.

The fund-specific factor: the June 29 Honeywell split Honeywell completes its aerospace spin-off on June 29, 2026, creating a separately traded Honeywell Aerospace under the ticker HONA. Honeywell does not currently appear in ITA’s March 31 snapshot, but the new pure-play HONA is a near-certain index addition at the next reconstitution. The Aerospace Technologies segment generated $4.32 billion in Q1 revenue at a 1.1x book-to-bill, so this is a meaningful new constituent.

For holders, watch the iShares website for the index methodology notice and the post-spin holdings file, typically posted within two trading days of an event. If HONA prices weakly out of the gate, ITA’s NAV absorbs that on the add. The opportunity is that a clean aerospace pure-play arrives just as GE Aerospace is guiding FY2026 EPS to $7.10 to $7.40 on a $170 billion commercial services backlog, validating the aftermarket thesis HONA will be sold on.

The supporting cast and one warning Howmet Aerospace (NYSE:HWM) raised FY2026 guidance to $4.88 to $5.00 in adjusted EPS after Engine Products grew 29%, though CEO John Plant flagged Iranian-conflict risk to engine spares demand. General Dynamics reported a 2-to-1 book-to-bill and $188.4 billion in estimated contract value. The warning sign is Lockheed: $125 million in F-16 charges compressed segment margins to about 10% from nearly 12%, and the stock is down 5% since earnings while the S&P rose nearly 7%. If C-130, CH-53K, or Seahawk charges repeat in Q2, that roughly 4.58% LMT position becomes a persistent drag.

What to watch in one line If Congress passes FY2027 defense appropriations near the $1.45 trillion request before October 1, ITA’s defense weighting carries another year of upside. The fund-specific signal is the post-June 29 holdings file: confirm HONA’s weight and watch whether GE Aerospace stays above 18%, because that single position drives the index more than any macro headline.

Posted by Defense World Staff on Apr 7th, 2026

Huron Consulting Group Inc. (NASDAQ:HURN – Get Free Report) Director Ekta Singh-Bushell sold 126 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $126.93, for a total value of $15,993.18. Following the transaction, the director owned 14,089 shares of the company’s stock, valued at approximately $1,788,316.77. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Huron Consulting Group Price Performance HURN stock opened at $130.37 on Tuesday. The stock has a 50-day moving average price of $139.06 and a two-hundred day moving average price of $155.96. The stock has a market cap of $2.16 billion, a PE ratio of 22.29 and a beta of 0.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.93. Huron Consulting Group Inc. has a 1 year low of $116.12 and a 1 year high of $186.77.

Huron Consulting Group (NASDAQ:HURN – Get Free Report) last released its earnings results on Tuesday, February 24th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Huron Consulting Group had a return on equity of 28.20% and a net margin of 6.18%.The firm had revenue of $441.96 million during the quarter, compared to analysts’ expectations of $433.57 million. During the same quarter in the prior year, the company earned $1.90 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. Equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes A number of equities analysts have recently commented on HURN shares. Wedbush increased their price objective on shares of Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research note on Thursday, January 22nd. Benchmark increased their price objective on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Wall Street Zen downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Barrington Research raised their target price on shares of Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $215.50.

View Our Latest Stock Analysis on Huron Consulting Group

Institutional Investors Weigh In On Huron Consulting Group Several hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in Huron Consulting Group by 14.9% during the fourth quarter. CWM LLC now owns 464 shares of the business services provider’s stock worth $80,000 after acquiring an additional 60 shares during the last quarter. California State Teachers Retirement System lifted its position in Huron Consulting Group by 0.5% during the second quarter. California State Teachers Retirement System now owns 16,396 shares of the business services provider’s stock worth $2,255,000 after acquiring an additional 76 shares during the last quarter. Richardson Financial Services Inc. lifted its position in Huron Consulting Group by 68.1% during the third quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock worth $29,000 after acquiring an additional 79 shares during the last quarter. Wedbush Securities Inc. lifted its position in Huron Consulting Group by 4.8% during the fourth quarter. Wedbush Securities Inc. now owns 1,861 shares of the business services provider’s stock worth $322,000 after acquiring an additional 85 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Huron Consulting Group by 1.4% during the fourth quarter. Truist Financial Corp now owns 6,485 shares of the business services provider’s stock worth $1,121,000 after acquiring an additional 87 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Huron Consulting Group Company Profile (Get Free Report)

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.

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CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) today announced it has been Certified™ by Great Place To Work® in the United States, Canada, India, Singapore, and the United Kingdom for the second consecutive year. This recognition is based on employee feedback and reinforces Huron's commitment to fostering a workplace where people feel supported, engaged, and able to do their best work. "We are honored to be Great Place to Work-Certified™ again this year," said.

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.

That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.

However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Huron Consulting (HURN - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).

Here are three of the most important factors that make the stock of this consulting company a great growth pick right now.

Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Huron Consulting is 35.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 11.2% this year, crushing the industry average, which calls for EPS growth of 6.2%.

Impressive Asset Utilization RatioAsset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.

Right now, Huron Consulting has an S/TA ratio of 1.15, which means that the company gets $1.15 in sales for each dollar in assets. Comparing this to the industry average of 1.1, it can be said that the company is more efficient.

While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Huron Consulting looks attractive from a sales growth perspective as well. The company's sales are expected to grow 9.4% this year versus the industry average of 2.8%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The current-year earnings estimates for Huron Consulting have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.2% over the past month.

Bottom LineHuron Consulting has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination positions Huron Consulting well for outperformance, so growth investors may want to bet on it.

CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) will announce its financial results for the first quarter ended March 31, 2026, after the market closes on Tuesday, May 5, 2026. C. Mark Hussey, chief executive officer and president, and John D. Kelly, chief financial officer, will host a conference call to discuss the company's financial results on Tuesday, May 5, 2026, at 5:00 p.m. Eastern Time (4:00 p.m. Central Time). The conference call is being webcast by No.

Posted by Defense World Staff on Apr 27th, 2026

AEGON ASSET MANAGEMENT UK Plc bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,900 shares of the business services provider’s stock, valued at approximately $2,054,000. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.07% of Huron Consulting Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. SG Capital Management LLC grew its holdings in shares of Huron Consulting Group by 131.8% during the third quarter. SG Capital Management LLC now owns 250,489 shares of the business services provider’s stock valued at $36,764,000 after buying an additional 142,448 shares in the last quarter. BloombergSen Inc. increased its holdings in shares of Huron Consulting Group by 56.2% in the 3rd quarter. BloombergSen Inc. now owns 365,167 shares of the business services provider’s stock valued at $53,596,000 after purchasing an additional 131,365 shares during the period. Boston Partners increased its holdings in shares of Huron Consulting Group by 17.0% in the 3rd quarter. Boston Partners now owns 888,045 shares of the business services provider’s stock valued at $130,803,000 after purchasing an additional 129,073 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Huron Consulting Group in the third quarter worth approximately $11,633,000. Finally, Sunriver Management LLC boosted its holdings in shares of Huron Consulting Group by 19.5% during the third quarter. Sunriver Management LLC now owns 451,985 shares of the business services provider’s stock worth $66,338,000 after purchasing an additional 73,774 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Upgrades and Downgrades HURN has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings downgraded shares of Huron Consulting Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wedbush started coverage on shares of Huron Consulting Group in a research note on Thursday, April 9th. They set an “outperform” rating and a $160.00 target price for the company. Finally, Barrington Research boosted their price target on shares of Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.50.

Read Our Latest Stock Report on Huron Consulting Group

Huron Consulting Group Price Performance NASDAQ HURN opened at $126.51 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $2.10 billion, a PE ratio of 21.63 and a beta of 0.19. Huron Consulting Group Inc. has a 12-month low of $116.12 and a 12-month high of $186.77. The company has a 50 day moving average price of $130.75 and a two-hundred day moving average price of $154.11.

Huron Consulting Group (NASDAQ:HURN – Get Free Report) last posted its earnings results on Tuesday, February 24th. The business services provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.23. The company had revenue of $441.96 million for the quarter, compared to analyst estimates of $433.57 million. Huron Consulting Group had a return on equity of 28.20% and a net margin of 6.18%.The business’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, equities analysts predict that Huron Consulting Group Inc. will post 8.71 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group In related news, Director John Mccartney sold 500 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $127.68, for a total transaction of $63,840.00. Following the transaction, the director directly owned 40,817 shares in the company, valued at $5,211,514.56. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,296 shares of company stock worth $185,796 in the last 90 days. Insiders own 2.07% of the company’s stock.

Huron Consulting Group Profile (Free Report)

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.

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CRA International (CRAI - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis consulting firm is expected to post quarterly earnings of $2.02 per share in its upcoming report, which represents a year-over-year change of -9%.

Revenues are expected to be $193.29 million, up 6.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.61% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for CRA?For CRA, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +8.06%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that CRA will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that CRA would post earnings of $2.05 per share when it actually produced earnings of $2.06, delivering a surprise of +0.49%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

CRA appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Consulting Services industry, Huron Consulting (HURN - Free Report) , is soon expected to post earnings of $1.58 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -6%. Revenues for the quarter are expected to be $434.63 million, up 9.8% from the year-ago quarter.

The consensus EPS estimate for Huron Consulting has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +5.28%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Huron Consulting will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

For the quarter ended March 2026, Huron Consulting (HURN - Free Report) reported revenue of $443.71 million, up 12.1% over the same period last year. EPS came in at $1.73, compared to $1.68 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $434.63 million, representing a surprise of +2.09%. The company delivered an EPS surprise of +9.72%, with the consensus EPS estimate being $1.58.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Huron Consulting performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues before reimbursable expenses- Commercial: $91.04 million versus $87.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.1% change.Revenues before reimbursable expenses- Education: $127.47 million versus $126.64 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2% change.Revenues before reimbursable expenses- Healthcare: $225.2 million versus $220.17 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.8% change.View all Key Company Metrics for Huron Consulting here>>>

Shares of Huron Consulting have returned +1.3% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Huron Consulting Group Inc. (HURN) Q1 2026 Earnings Call Transcript

On May 15, 2026, Aristotle Capital Boston disclosed selling 40,351 shares of Huron Consulting Group (HURN 0.73%), an estimated $6.07 million trade based on quarterly average pricing.

What happenedAccording to an SEC filing dated May 15, 2026, Aristotle Capital Boston sold 40,351 shares of Huron Consulting Group (HURN 0.73%) during the first quarter of 2026. The estimated transaction value for this activity is approximately $6.07 million, calculated using the mean unadjusted closing price for the quarter. The fund held 249,912 shares, worth $31.90 million, at quarter-end. The net position value declined by $18.29 million over the period, impacted by price changes.

What else to knowThis was a reduction in position; Huron Consulting Group now makes up 1.98% of the fund’s 13F AUM following the trade.Top five holdings after the filing:NASDAQ:AEIS: $48.88 million (3.0% of AUM)NASDAQ:MTSI: $45.84 million (2.8% of AUM)NYSE:HASI: $37.71 million (2.3% of AUM)NYSE:AER: $34.54 million (2.1% of AUM)NYSE:AGI: $33.85 million (2.1% of AUM)As of May 14, 2026, Huron Consulting Group shares were priced at $102.92, down 30% over the past year and underperforming the S&P 500, which is instead up about 25%.Company overviewMetricValueRevenue (TTM)$1.74 billionNet Income (TTM)$103.75 millionMarket Capitalization$1.67 billionPrice (as of market close May 14, 2026)$102.92Company snapshotHuron Consulting offers consulting services across healthcare, business advisory, and education, including financial and operational improvement, digital solutions, and organizational transformation.The firm generates revenue primarily through professional service fees for advisory, technology, and managed services engagements.It serves hospitals, health systems, academic medical centers, universities, research institutes, and a range of corporate and public sector clients.Huron Consulting Group is a leading professional services firm specializing in consulting solutions for healthcare, education, and business sectors. The company leverages deep industry expertise to drive operational efficiency, digital transformation, and strategic growth for its clients. With a diversified client base and a focus on value-added advisory services, Huron maintains a competitive position in the consulting industry.

What this transaction means for investorsEven after trimming the position, Aristotle Capital Boston still held nearly $32 million worth of Huron shares at quarter-end, suggesting the firm hasn’t fully lost conviction. But it hasn’t been the best stretch for the firm, with shares down 39% this year alone after collapsing in early February.

Nevertheless, Huron’s latest results were stronger than the stock chart might suggest. First-quarter revenue before reimbursable expenses climbed 12% year over year to a record $443.7 million, while adjusted EBITDA rose nearly 22% to $50.6 million. The company also reaffirmed full-year 2026 guidance, calling for as much as $1.86 billion in revenue before reimbursable expenses.

Healthcare remains the biggest growth engine, accounting for 51% of companywide revenue before reimbursable expenses, while management continues leaning into digital transformation and AI-related consulting demand.

For long-term investors, the key question is whether Huron can keep translating strong demand into sustained margin growth. The company’s backlog and pipeline appear healthy, but consulting firms can quickly fall out of favor when corporate spending tightens. Still, a softer valuation despite record revenue growth could start attracting investors looking for overlooked compounders rather than high-flying AI trades.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AerCap and Huron Consulting Group. The Motley Fool recommends the following options: long January 2027 $60 calls on AerCap. The Motley Fool has a disclosure policy.

CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) today announced it has acquired RelateCare, a leading provider of AI-enabled clinical and patient access solutions. The acquisition strengthens Huron's ability to deliver differentiated, comprehensive healthcare managed services to improve patient access and facilitate care coordination. “We are excited to welcome RelateCare to Huron,” said Mark Hussey, chief executive officer and president of Huron. “Patient acces.

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Headquartered in Pine Bluff, Simmons First National (SFNC - Free Report) is a Finance stock that has seen a price change of 3.24% so far this year. The bank holding company is currently shelling out a dividend of $0.22 per share, with a dividend yield of 4.42%. This compares to the Banks - Southeast industry's yield of 2.15% and the S&P 500's yield of 1.47%.

Looking at dividend growth, the company's current annualized dividend of $0.86 is up 1.2% from last year. Over the last 5 years, Simmons First National has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Simmons First National's current payout ratio is 50%, meaning it paid out 50% of its trailing 12-month EPS as dividend.

SFNC is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $2.03 per share, representing a year-over-year earnings growth rate of 17.34%.

Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, SFNC is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

, /PRNewswire/ -- Simmons Bank announced today its automatic savings program, Round-Up, allowed more than 25,000 customers to save more than $5.9 million during 2025. As households across the country focus on building stronger financial habits during America Saves Week, the program highlights how small, consistent actions can lead to meaningful savings over time.

This feature rounds up debit purchases to the nearest dollar and transfers the difference to a second account of the customer's choice, making it effortless to build an emergency fund.

According to the Federal Reserve's recent Survey on Household Economics and Decision Making, roughly one in three Americans have no emergency savings, and only 41-43 percent can cover a $1,000 emergency expense with savings.

"The Simmons Bank Round‑Up savings program removes the friction from saving by automating the process," said Joshua Jensen, chief deposit officer at Simmons Bank. "By rounding up debit card purchases and directing the difference into savings, customers can steadily build funds for unexpected expenses or long‑term financial goals without changing their routine."

Established in 2014, the Simmons Bank Round-Up program is designed to reduce the effort needed to save by automating the process when customers use their debit card to conduct a purchase. During America Saves Week, Simmons Bank encourages customers to take small steps, like enrolling in Round-Up, to create lasting financial security.

For more information about Simmons Bank or the Round-Up program, visit simmonsbank.com.

Simmons Bank
Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company that has paid cash dividends to its shareholders for 116 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.

SOURCE Simmons Bank

Wall Street expects a year-over-year increase in earnings on higher revenues when Simmons First National (SFNC - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 16. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis bank holding company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +80.8%.

Revenues are expected to be $241.86 million, up 15.4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.67% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Simmons First National?For Simmons First National, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.59%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Simmons First National will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Simmons First National would post earnings of $0.49 per share when it actually produced earnings of $0.54, delivering a surprise of +10.20%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Simmons First National appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

, /PRNewswire/ --

Financial Highlights

1Q26

4Q25

1Q25

1Q26 Highlights

Income Statement Summary (in millions)

Comparisons reflect 1Q26 vs 4Q25
unless otherwise noted

• Net income of $68.5 million and diluted EPS of $0.47

• Adjusted net income1 of $68.6 million and adjusted diluted EPS1 of $0.47

• ROAA of 1.13% and ROE of 8.01%

• Adjusted ROAA1 of 1.13%; adjusted ROTCE1 of 13.91%

• Total revenue of $241.4 million and PPNR1 of $100.7 million

• Net interest margin up 3 bps to 3.84%; cost of deposits down 8 bps to 1.96%

• Efficiency ratio of 57.56%; adjusted efficiency ratio1 of 56.16%

• Broad based growth drives total loans up 10% annualized

• Unfunded commitments up 5%

• Total average deposits up 6% annualized

• Provision expense exceeded net charge-offs by $5.5 million

• NCO ratio at 21 bps for 1Q26; ACL steady at 1.28%

Total revenue

$  241.4

$  249.0

$209.6

Adjusted total revenue1

241.4

249.0

209.6

Pre-provision net revenue1 (PPNR)

100.7

109.1

65.0

Adjusted pre-provision net revenue1

100.7

110.4

66.0

Provision for credit losses

14.6

15.1

26.8

Net income

68.5

78.1

32.4

Adjusted net income1

68.6

79.0

33.1

Per share Data

Diluted earnings

$    0.47

$    0.54

$  0.26

Adjusted diluted earnings1

0.47

0.54

0.26

Cash dividend declared

0.2150

0.2125

0.2125

Balance Sheet (in millions)

Total loans

$17,933

$17,492

$17,094

Total deposits

20,203

20,184

21,685

Total assets

24,693

24,541

26,793

Total shareholders' equity

3,438

3,419

3,531

Asset Quality

Net charge-off ratio (NCO ratio)

0.21 %

1.12 %

0.23 %

Allowance for credit losses to loans (ACL)

1.28

1.28

1.48

Capital Ratios

Equity to assets (EA) ratio

13.92 %

13.93 %

13.18 %

Tangible common equity (TCE) ratio1

8.74

8.71

8.34

Common equity tier 1 (CET1) ratio

11.58

11.63

12.21

Total risk-based capital ratio

14.36

14.45

14.59

Other Ratios

Return on average assets

1.13 %

1.28 %

0.49 %

Adjusted return on average assets1

1.13

1.29

0.50

Return on average common equity

8.01

9.08

3.69

Return on average tangible common equity1

13.90

15.92

6.61

Adj. return onavg. tangible common equity1

13.91

16.10

6.75

Net interest margin (FTE)

3.84

3.81

2.95

Efficiency ratio

57.56

55.52

66.94

Adjusted efficiency ratio1

56.16

53.64

64.75

Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results:

Simmons delivered solid results in the first quarter driven by strong loan growth, expanding margin, and continued earnings momentum. Loans grew 10 percent linked quarter annualized, with growth broad-based across geography and industry. Net interest margin expanded linked quarter, increasing three basis points to 3.84 percent, benefiting from disciplined relationship pricing, fixed rate asset repricing and improving funding costs. Net charge-offs for the quarter were 21 basis points and provision expense exceeded net charge-offs by $5.5 million, primarily due to loan growth.

Looking forward, we remain committed to delivering disciplined growth and designing a more efficient and scalable infrastructure. The talent environment continues to be favorable and supports our organic growth priorities. We are increasingly optimistic about the prospects for consistently achieving returns that exceed our long-range targets.

Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $68.5 million for the first quarter of 2026, compared to net income of $78.1 million for the fourth quarter of 2025 and net income of $32.4 million for the first quarter of 2025. Diluted earnings per share were $0.47 for the first quarter of 2026, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025. Adjusted earnings1 for the first quarter of 2026 were $68.6 million, compared to $79.0 million for the fourth quarter of 2025 and $33.1 million for the first quarter of 2025. Adjusted diluted earnings per share1 for the first quarter of 2026 were $0.47, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025.

For the first quarter of 2026, return on average assets was 1.13 percent and return on average common equity was 8.01 percent. Adjusted return on average assets1 was 1.13 percent and adjusted return on average tangible common equity1 was 13.91 percent.

The table below summarizes the impact of certain items, consisting primarily of FDIC deposit insurance special assessment, professional services, branch right sizing costs, early retirement program costs and a loss on the sale of equipment finance business. These items are also described in further detail in the "Reconciliation of Non-GAAP Financial Measures" tables contained in this press release.

Impact of Certain Items on Earnings and Diluted Earnings Per Share (EPS)

$ in millions, except per share data

 1Q26

4Q25

1Q25

Net income

$ 68.5

$ 78.1

$ 32.4

FDIC deposit insurance special assessment

(2.0)

-

-

Professional services

1.2

-

-

Branch right sizing costs, net

0.6

0.1

1.0

Early retirement program costs

0.3

-

-

Loss on sale of equipment finance business

-

1.1

-

   Total pre-tax impact

0.1

1.2

1.0

Tax effect

-

(0.3)

(0.3)

   Total impact on earnings

0.1

0.9

0.7

Adjusted earnings1, 3

$ 68.6

$ 79.0

$ 33.1

Diluted EPS

$ 0.47

$ 0.54

$ 0.26

FDIC deposit insurance special assessment

(0.01)

-

-

Professional services

0.01

-

-

Branch right sizing costs, net

-

-

-

Early retirement program costs

-

-

-

Loss on sale of equipment finance business

-

0.01

-

   Total pre-tax impact

-

0.01

-

Tax effect

-

(0.01)

-

   Total impact on earnings

-

-

-

Adjusted Diluted EPS1

$ 0.47

$ 0.54

$ 0.26

Net Interest Income
Net interest income for the first quarter of 2026 totaled $197.2 million, compared to $197.3 million for the fourth quarter of 2025 and $163.4 million for the first quarter of 2025. The increase in net interest income on a year-over-year basis was primarily due to a $39.8 million decrease in interest expense, which included a $32.9 million decrease in interest bearing deposit costs and a $6.9 million decrease in the cost of other interest bearing liabilities. The decrease in interest expense compared to the prior year quarter reflected a reduction of wholesale funding as a result of the balance sheet repositioning completed in the third quarter of 2025, as well as a lower interest rate environment. 

Net interest margin for the first quarter of 2026 on a fully taxable equivalent basis was 3.84 percent, up 3 basis points compared to 3.81 percent for the fourth quarter of 2025 and up 89 basis points compared to 2.95 percent for the first quarter of 2025. The increase in net interest margin on a linked quarter basis was driven by a 6 percent annualized increase in average loans, coupled with a 13 percent annualized increase in average low-cost interest bearing transaction and savings accounts. The increase in net interest margin on a year-over-year basis primarily reflected the balance sheet repositioning that was completed during the third quarter of 2025.

Select Yield/Rates

1Q26

4Q25

3Q25

2Q25

1Q25

Loan yield (FTE)2

6.16 %

6.23 %

6.31 %

6.26 %

6.20 %

Investment securities yield (FTE)2

4.25

4.30

4.01

3.48

3.48

Cost of interest bearing deposits

2.47

2.62

2.86

2.97

3.05

Cost of deposits

1.96

2.04

2.25

2.36

2.44

Net interest spread (FTE)2

3.27

3.18

2.86

2.41

2.30

Net interest margin (FTE)2

3.84

3.81

3.50

3.06

2.95

Noninterest Income
Noninterest income for the first quarter of 2026 was $44.2 million, compared to $51.7 million in the fourth quarter of 2025 and $46.2 million in the first quarter of 2025. The decrease in noninterest income on a linked quarter basis was primarily due to a Small Business Investment Company (SBIC) negative valuation adjustment in the first quarter of 2026 and proceeds from bank owned life insurance death benefits recorded in the fourth quarter of 2025, both of which are included in other income in the table below.

Noninterest Income

$ in millions

1Q26

4Q25

3Q25

2Q25

1Q25

Service charges on deposit accounts

$    12.7

$    12.7

$   13.0

$  12.6

$  12.6

Wealth management fees

10.5

10.3

10.0

9.5

9.6

Debit and credit card fees

8.5

8.7

8.5

8.6

8.4

Mortgage lending income

1.9

2.2

2.3

1.7

2.0

Other service charges and fees

1.6

1.5

1.5

1.3

1.3

Bank owned life insurance

4.2

3.9

3.9

3.9

4.1

Gain (loss) on sale of securities

-

-

(801.5)

-

-

Other income

4.8

12.4

6.1

4.8

8.0

   Total noninterest income

$    44.2

$   51.7

$(756.2)

$ 42.4

$ 46.2

Adjusted noninterest income1

$    44.2

$   51.7

$   45.9

$ 42.4

$ 46.2

Noninterest Expense
Noninterest expense for the first quarter of 2026 was $140.7 million, compared to $139.9 million in the fourth quarter of 2025 and $144.6 million in the first quarter of 2025. Included in noninterest expense are certain items consisting of branch right sizing costs, early retirement program costs, termination of vendor and software services, FDIC Deposit Insurance special assessment, professional services and a loss on the sale of an equipment finance business. Collectively, these items totaled $30 thousand in the first quarter of 2026, $1.2 million in the fourth quarter of 2025 and $1.0 million in the first quarter of 2025. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" table below) adjusted noninterest expense1 was $140.6 million in the first quarter of 2026, $138.6 million in the fourth quarter of 2025 and $143.6 million in the first quarter of 2025. The increase in adjusted noninterest expense on a linked quarter basis was primarily due to an increase in salaries and benefits reflecting a seasonal increase in payroll taxes expense incurred during the first quarter of 2026.

Noninterest Expense

$ in millions

1Q26

 4Q25

3Q25

 2Q25

1Q25

Salaries and employee benefits

$  75.9

$  72.9

$  76.2

$  73.9

$  74.8

Occupancy expense, net

12.2

11.6

12.1

11.8

12.7

Furniture and equipment

5.4

5.3

5.3

5.5

5.5

Deposit insurance

2.3

4.7

5.2

4.9

5.4

Other real estate and foreclosure expense

0.3

0.4

0.2

0.2

0.2

Other operating expenses

44.5

44.8

43.0

42.3

46.1

   Total noninterest expense

$140.7

$139.9

$142.0

$138.6

$144.6

Adjusted salaries and employee benefits1

$  75.6

$  72.9

$  75.9

$  72.3

$  74.8

Adjusted other operating expenses1

43.1

44.0

41.5

42.5

45.9

Adjusted noninterest expense1

140.6

138.6

139.7

136.8

143.6

Efficiency ratio

57.56 %

55.52 %

(25.11) %

62.82 %

66.94 %

Adjusted efficiency ratio1

56.16

53.64

57.72

60.52

64.75

Full-time equivalent employees

2,913

2,917

2,883

2,947

2,949

Number of financial centers

221

222

223

223

222

Loans and Unfunded Loan Commitments
Total loans at the end of the first quarter of 2026 were $17.9 billion, up $440.7 million, or 10 percent annualized, compared to $17.5 billion at the end of the fourth quarter of 2025. The increase in total loans was driven by increases in commercial real estate, commercial and industrial, mortgage warehouse and agricultural portfolios, offset in part by a decrease in real estate construction. Unfunded loan commitments at the end of the first quarter of 2026 were $4.1 billion, compared to $3.9 billion at the end of the fourth quarter of 2025. The commercial loan pipeline totaled $1.6 billion at the end of the first quarter of 2026, and ready-to-close commercial loans totaled $651 million with a weighted average rate of 6.40 percent.

Loans and Unfunded Loan Commitments

$ in millions

1Q26

4Q25

3Q25

 2Q25

 1Q25

Total loans

$17,933

$17,492

$17,189

$17,111

$17,094

Unfunded loan commitments

4,068

3,871

3,955

3,947

3,888

Deposits and Other Borrowings
Total deposits at the end of the first quarter of 2026 were $20.2 billion, up $19 million compared to the end of the fourth quarter of 2025. The increase in total deposits reflected a $214 million increase in interest bearing transaction accounts and savings accounts, offset primarily from the continued planned run-off of higher rate, non-relationship time deposits or subsequent reinvestment of maturing time deposits into lower cost deposits. The decrease in total deposits on a year-over-year basis primarily reflects a reduction of higher rate, non-relationship wholesale and public fund deposits as part of the balance sheet repositioning completed during the third quarter of 2025.

Other borrowings at the end of the first quarter of 2026 were $446.8 million, compared to $302.3 million at the end of the fourth quarter of 2025 and $884.9 million at the end of the first quarter of 2025. The decrease in other borrowings on a year-over-year basis reflected a reduction of higher cost wholesale funding, primarily FHLB advances, as part of the balance sheet repositioning completed during the third quarter of 2025. 

Deposits

$ in millions

 1Q26

 4Q25

 3Q25

 2Q25

 1Q25

Noninterest bearing deposits

$  4,290

$  4,330

$  4,377

$  4,468

$  4,455

Interest bearing transaction accounts

10,667

10,453

10,289

10,532

10,621

Time deposits

3,334

3,508

3,331

3,588

3,695

Brokered deposits

1,912

1,893

1,841

3,237

2,914

   Total deposits

$20,203

$20,184

$19,838

$21,825

$21,684

Noninterest bearing deposits to total deposits

21 %

21 %

22 %

20 %

21 %

Total loans to total deposits

89

87

87

78

79

Asset Quality
Provision for credit losses on loans totaled $14.6 million for the first quarter of 2026, compared to $15.1 million in the fourth quarter of 2025 and $26.8 million in the first quarter of 2025. Net charge-offs as a percentage of average loans for the first quarter of 2026 were 21 basis points, compared to 112 basis points in the fourth quarter of 2025 and 23 basis points in the first quarter of 2025. Provision for credit losses on loans exceeded net charge-offs by $5.5 million during the first quarter of 2026 primarily as a result of strong loan growth during the quarter. The allowance for credit losses on loans at the end of the first quarter of 2026 was $229.9 million, compared to $224.4 million at the end of the fourth quarter of 2025 and $252.2 million at the end of the first quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the first quarter of 2026 was 1.28 percent, unchanged from the end of the fourth quarter of 2025.

Total nonperforming loans at the end of the first quarter of 2026 totaled $141.9 million, compared to $112.7 million at the end of the fourth quarter of 2025 and $152.3 million at the end of the first quarter of 2025. The increase in nonperforming loans on a linked quarter basis was primarily due to a single real estate construction relationship that is well collateralized and that management believes has limited loss content. The nonperforming loan coverage ratio ended the first quarter of 2026 at 162 percent, compared to 199 percent at the end of the fourth quarter of 2025 and 165 percent at the end of the first quarter of 2025. Total nonperforming assets as a percentage of total assets were 63 basis points at the end of the first quarter of 2026, compared to 51 basis points at the end of the fourth quarter of 2025 and 61 basis points at the end of the first quarter of 2025.

Asset Quality

$ in millions

 1Q26

4Q25

3Q25

2Q25

1Q25

Allowance for credit losses on loans to total loans

1.28 %

1.28 %

1.50 %

1.48 %

1.48 %

Allowance for credit losses on loans to
nonperforming loans

162

199

168

161

165

Nonperforming loans to total loans

0.79

0.64

0.90

0.92

0.89

Net charge-off ratio (annualized)

0.21

1.12

0.25

0.25

0.23

Net charge-off ratio YTD (annualized)

0.21

0.47

0.24

0.24

0.23

Total nonperforming loans

$141.9

$112.7

$153.9

$157.2

$152.3

Total other nonperforming assets

12.6

12.4

6.8

9.5

10.0

   Total nonperforming assets

$154.5

$125.1

$160.7

$166.7

$162.3

Reserve for unfunded commitments

$25.6

$25.6

$25.6

$25.6

$25.6

Capital
Total stockholders' equity at the end of the first quarter of 2026 and fourth quarter of 2025 was $3.4 billion, compared to $3.5 billion at the end of the first quarter of 2025. Book value per share at the end of the first quarter of 2026 was $23.70, compared to $23.62 at the end of the fourth quarter of 2025 and $28.04 at the end of the first quarter of 2025. Tangible book value per share1 at the end of the first quarter of 2026 was $14.03, compared to $13.91 at the end of the fourth quarter of 2025 and $16.81 at the end of the first quarter of 2025. The increase in book value per share and tangible book value per share on a linked quarter basis was primarily due to a $37.4 million increase in undivided profits. The year-over-year decline in book value per share and tangible book value per share was primarily due to the balance sheet repositioning completed in the third quarter of 2025.

Total stockholders' equity as a percentage of total assets at the end of the first quarter of 2026 was 13.9 percent, unchanged from fourth quarter of 2025 levels and up from 13.2 percent at the end of the first quarter of 2025. Tangible common equity as a percentage of tangible assets1 was 8.7 percent at the end of the first quarter of 2026, unchanged from the fourth quarter of 2025 and up from 8.3 percent at the end of the first quarter of 2025. Each of the applicable regulatory capital ratios for Simmons and its principal subsidiary, Simmons Bank, continue to significantly exceed "well-capitalized" regulatory guidelines.

Select Capital Ratios

1Q26

4Q25

3Q25

2Q25

1Q25

Stockholders' equity to total assets

13.9 %

13.9 %

13.9 %

13.3 %

13.2 %

Tangible common equity to tangible assets1

8.7

8.7

8.5

8.5

8.3

Common equity tier 1 (CET1) ratio

11.6

11.6

11.5

12.4

12.2

Tier 1 leverage ratio

10.1

10.1

9.6

10.0

9.8

Tier 1 risk-based capital ratio

11.6

11.6

11.5

12.4

12.2

Total risk-based capital ratio

14.4

14.4

15.1

14.4

14.6

Share Repurchase Program 
During the first quarter of 2026, Simmons did not repurchase shares under its stock repurchase program that was authorized in February 2026 (2026 Program) and which replaced its former repurchase program that was authorized in January 2024. Remaining authorization under the 2026 Program as of March 31, 2026, was approximately $175 million. The timing, pricing and amount of any repurchases under the 2026 Program will be determined by Simmons' management at its discretion based on a variety of factors including, but not limited to, market conditions, trading volume and market price of Simmons' common stock, Simmons' capital needs, Simmons' working capital and investment requirements, other corporate considerations, economic conditions, and legal requirements. The 2026 Program does not obligate Simmons to repurchase any common stock and may be modified, discontinued or suspended at any time without prior notice.

___________________________________________

(1)

Non-GAAP measurement. See "Non-GAAP Financial Measures" and "Reconciliation of Non-GAAP Financial Measures" below

(2)

FTE – fully taxable equivalent basis using an effective tax rate of 26.135%

(3)

In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income"

Conference Call
Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, April 17, 2026. Interested persons can listen to this call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10207627. In addition, the call will be available live or in recorded version on Simmons' website at simmonsbank.com for at least 60 days following the date of the call.

Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.

Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, noninterest income, and noninterest expense certain income and expense items attributable to, for example, branch right sizing costs, early retirement program costs, termination of vendor and software services, FDIC Deposit Insurance special assessment, professional services and a loss on the sale of an equipment finance business.

In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, or gains and/or losses on the sale of securities. The Company's management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company's ongoing operations without the effect of mergers or other items not central to the Company's ongoing business, as well as normalize for tax effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company's ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.

Forward-Looking Statements
Certain statements in this press release may not be based on historical facts and should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, without limitation, statements made in Mr. Brogdon's quote, may be identified by reference to future periods or by the use of forward-looking terminology, such as "believe," "budget," "expect," "foresee," "anticipate," "intend," "indicate," "target," "estimate," "plan," "project," "continue," "contemplate," "positions," "prospects," "predict," or "potential," by future conditional verbs such as "will," "would," "should," "could," "might" or "may," or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons' future growth, business strategies, lending capacity and lending activity, loan demand, revenue, assets, asset quality, profitability, dividends, net interest margin, non-interest revenue, share repurchase program, acquisition strategy, digital banking initiatives, the Company's ability to recruit and retain key employees, the adequacy of the allowance for credit losses, future economic conditions and interest rates, and the adequacy of reserve levels for loans. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, changes in credit quality, changes in interest rates and related governmental policies, the effects of a government shutdown, changes in loan demand, changes in deposit flows, changes in real estate values, changes in the assumptions used in making the forward-looking statements, changes in the securities markets generally or the price of Simmons' common stock specifically, changes in information technology affecting the financial industry, and changes in customer behaviors, including consumer spending, borrowing, and saving habits; changes in tariff policies; general economic and market conditions; changes in governmental administrations; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts in the Middle East and between Russia and Ukraine) or other major events, or the prospect of these events; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased inflation; the loss of key employees; increased competition in the markets in which the Company operates and from non-bank financial institutions; increased unemployment; labor shortages; claims, damages, and fines related to litigation or government actions; changes in accounting principles relating to loan loss recognition (current expected credit losses); fraud that results in material losses or that we have not discovered yet that may result in material losses; the Company's ability to manage and successfully integrate its mergers and acquisitions and to fully realize cost savings and other benefits associated with acquisitions; increased delinquency and foreclosure rates on commercial real estate loans; significant increases in nonaccrual loan balances; cyber or other information technology threats, attacks or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats; reliance on third parties for key services; government legislation; and other factors, many of which are beyond the control of the Company, could cause actual results to differ materially from those projected in or contemplated by the forward-looking statements. In addition, there can be no guarantee that the board of directors (Board) of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Additional information on factors that might affect the Company's financial results is included in the Company's Form 10-K for the year ended December 31, 2025, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov.

 Simmons First National Corporation

 SFNC

 Consolidated End of Period Balance Sheets

 For the Quarters Ended

Mar 31

Dec 31

Sep 30

Jun 30

Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

 ASSETS

 Cash and noninterest bearing balances due from banks

$        342,603

$        380,439

$        377,604

$        398,081

$        423,171

 Interest bearing balances due from banks and federal funds sold

205,880

331,474

266,013

246,381

211,115

     Cash and cash equivalents

548,483

711,913

643,617

644,462

634,286

 Interest bearing balances due from banks - time

100

100

100

100

100

 Investment securities - held-to-maturity

-

-

-

3,591,531

3,615,556

 Investment securities - available-for-sale

3,152,286

3,266,221

3,319,277

2,405,320

2,491,849

 Mortgage loans held for sale

14,311

17,438

15,507

16,972

8,351

 Assets held in trading accounts

14,543

11,685

12,695

-

-

 Loans:

 Loans

17,932,883

17,492,179

17,188,817

17,111,096

17,094,078

 Allowance for credit losses on loans

(229,908)

(224,377)

(258,006)

(253,537)

(252,168)

 Net loans

17,702,975

17,267,802

16,930,811

16,857,559

16,841,910

 Premises and equipment

557,873

561,220

568,343

573,160

573,616

 Foreclosed assets and other real estate owned

12,475

12,009

6,386

8,794

8,976

 Interest receivable

101,557

104,062

104,383

120,443

117,398

 Bank owned life insurance

542,486

540,001

539,372

535,481

535,324

 Goodwill

1,320,799

1,320,799

1,320,799

1,320,799

1,320,799

 Other intangible assets

81,325

84,423

87,520

90,617

93,714

 Other assets

643,570

643,204

659,352

528,382

551,112

 Total assets

$   24,692,783

$   24,540,877

$   24,208,162

$   26,693,620

$   26,792,991

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Deposits:

 Noninterest bearing transaction accounts

$     4,289,697

$     4,330,211

$     4,377,232

$     4,468,237

$     4,455,255

 Interest bearing transaction accounts and savings deposits

11,311,979

11,141,169

10,932,914

11,176,791

11,265,554

 Time deposits

4,601,107

4,712,658

4,527,587

6,179,962

5,963,811

         Total deposits

20,202,783

20,184,038

19,837,733

21,824,990

21,684,620

 Federal funds purchased and securities sold

 under agreements to repurchase

8,708

21,383

22,348

31,306

50,133

 Other borrowings

446,756

302,253

18,832

634,349

884,863

 Subordinated notes and debentures

315,700

317,714

648,976

366,369

366,331

 Accrued interest and other liabilities

281,102

296,249

326,310

287,396

275,559

 Total liabilities

21,255,049

21,121,637

20,854,199

23,144,410

23,261,506

 Stockholders' equity:

 Common stock

1,451

1,448

1,447

1,260

1,259

 Surplus

2,848,952

2,846,581

2,848,977

2,518,286

2,515,372

 Undivided profits

901,696

864,341

817,022

1,410,564

1,382,564

 Accumulated other comprehensive (loss) income

(314,365)

(293,130)

(313,483)

(380,900)

(367,710)

 Total stockholders' equity

3,437,734

3,419,240

3,353,963

3,549,210

3,531,485

 Total liabilities and stockholders' equity

$   24,692,783

$   24,540,877

$   24,208,162

$   26,693,620

$   26,792,991

 Simmons First National Corporation

 SFNC

 Consolidated Statements of Income - Quarter-to-Date

 For the Quarters Ended

Mar 31

Dec 31

Sep 30

Jun 30

Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands, except per share data)

 INTEREST INCOME

    Loans (including fees)

$    267,287

$    270,868

$    269,210

$   265,373

$   257,755

    Interest bearing balances due from banks and federal funds sold

2,320

2,485

6,421

2,531

2,703

    Investment securities

31,882

33,833

37,464

46,898

47,257

    Mortgage loans held for sale

203

227

229

221

122

    Assets held in trading accounts

122

118

99

-

-

            TOTAL INTEREST INCOME

301,814

307,531

313,423

315,023

307,837

 INTEREST EXPENSE

    Time deposits

39,949

41,989

49,064

57,231

62,559

    Other deposits

57,653

60,516

67,546

69,108

67,895

    Federal funds purchased and securities

      sold under agreements to repurchase

36

57

72

59

113

    Other borrowings

1,746

2,138

2,957

10,613

7,714

    Subordinated notes and debentures

5,262

5,535

7,123

6,188

6,134

            TOTAL INTEREST EXPENSE

104,646

110,235

126,762

143,199

144,415

 NET INTEREST INCOME

197,168

197,296

186,661

171,824

163,422

 PROVISION FOR CREDIT LOSSES

    Provision for credit losses on loans

14,622

15,116

15,180

11,945

26,797

    Provision for credit losses on investment securities - HTM

-

-

(3,214)

-

-

            TOTAL PROVISION FOR CREDIT LOSSES

14,622

15,116

11,966

11,945

26,797

 NET INTEREST INCOME AFTER PROVISION

    FOR CREDIT LOSSES

182,546

182,180

174,695

159,879

136,625

 NONINTEREST INCOME

    Service charges on deposit accounts

12,656

12,669

13,045

12,588

12,635

    Debit and credit card fees

8,503

8,660

8,478

8,567

8,446

    Wealth management fees

10,533

10,337

9,965

9,464

9,629

    Mortgage lending income

1,854

2,232

2,259

1,687

2,013

    Bank owned life insurance income

4,218

3,942

3,943

3,890

4,092

    Other service charges and fees (includes insurance income)

1,606

1,503

1,474

1,321

1,333

    Gain (loss) on sale of securities

-

-

(801,492)

-

-

    Other income

4,827

12,365

6,141

4,837

8,007

            TOTAL NONINTEREST INCOME

44,197

51,708

(756,187)

42,354

46,155

 NONINTEREST EXPENSE

    Salaries and employee benefits

75,885

72,924

76,249

73,862

74,824

    Occupancy expense, net

12,218

11,636

12,106

11,844

12,651

    Furniture and equipment expense

5,423

5,304

5,275

5,474

5,465

    Other real estate and foreclosure expense

315

432

200

216

198

    Deposit insurance

2,295

4,736

5,175

4,917

5,391

    Other operating expenses

44,537

44,830

43,027

42,276

46,051

            TOTAL NONINTEREST EXPENSE

140,673

139,862

142,032

138,589

144,580

 NET INCOME (LOSS) BEFORE INCOME TAXES

86,070

94,026

(723,524)

63,644

38,200

    Provision for income taxes

17,526

15,948

(160,732)

8,871

5,812

 NET INCOME (LOSS)

$      68,544

$      78,078

$  (562,792)

$     54,773

$     32,388

 BASIC EARNINGS PER SHARE

$          0.47

$          0.54

$        (4.01)

$         0.43

$         0.26

 DILUTED EARNINGS PER SHARE

$          0.47

$          0.54

$        (4.00)

$         0.43

$         0.26

 Simmons First National Corporation

 SFNC

 Consolidated Risk-Based Capital

 For the Quarters Ended

Mar 31

Dec 31

Sep 30

Jun 30

Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Tier 1 capital

   Stockholders' equity

$     3,437,734

$     3,419,240

$     3,353,963

$     3,549,210

$     3,531,485

   Disallowed intangible assets, net of deferred tax

(1,370,562)

(1,374,839)

(1,376,255)

(1,379,104)

(1,381,953)

   Unrealized loss (gain) on AFS securities

314,365

293,130

313,483

380,900

367,710

      Total Tier 1 capital

2,381,537

2,337,531

2,291,191

2,551,006

2,517,242

Tier 2 capital

   Subordinated notes and debentures

315,700

317,714

648,976

366,369

366,331

   Subordinated debt phase out

-

-

(198,000)

(198,000)

(132,000)

   Qualifying allowance for loan losses and

      reserve for unfunded commitments

255,537

250,006

248,710

258,079

257,769

      Total Tier 2 capital

571,237

567,720

699,686

426,448

492,100

      Total risk-based capital

$     2,952,774

$     2,905,251

$     2,990,877

$     2,977,454

$     3,009,342

Risk weighted assets

$   20,565,445

$   20,106,493

$   19,861,879

$   20,646,324

$   20,621,540

Adjusted average assets for leverage ratio

$   23,487,513

$   23,224,638

$   23,963,356

$   25,606,135

$   25,619,424

Ratios at end of quarter

   Equity to assets

13.92 %

13.93 %

13.85 %

13.30 %

13.18 %

   Tangible common equity to tangible assets (1)

8.74 %

8.71 %

8.53 %

8.46 %

8.34 %

   Common equity Tier 1 ratio (CET1)

11.58 %

11.63 %

11.54 %

12.36 %

12.21 %

   Tier 1 leverage ratio

10.14 %

10.06 %

9.56 %

9.96 %

9.83 %

   Tier 1 risk-based capital ratio

11.58 %

11.63 %

11.54 %

12.36 %

12.21 %

   Total risk-based capital ratio

14.36 %

14.45 %

15.07 %

14.42 %

14.59 %

(1) Calculations of tangible common equity to tangible assets and the reconciliations to GAAP are included in the schedules accompanying this release.

 Simmons First National Corporation

 SFNC

 Consolidated Investment Securities

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Investment Securities - End of Period

 Held-to-Maturity

    U.S. Government agencies

$                -

$                -

$                -

$      457,228

$      456,545

    Mortgage-backed securities

-

-

-

1,024,313

1,048,170

    State and political subdivisions

-

-

-

1,855,614

1,856,905

    Other securities

-

-

-

254,376

253,936

       Total held-to-maturity (net of credit losses)

-

-

-

3,591,531

3,615,556

 Available-for-Sale

    U.S. Treasury

$                -

$                -

$                -

$             400

$             699

    U.S. Government agencies

46,329

47,172

48,355

49,498

52,318

    Mortgage-backed securities

2,128,732

2,201,958

2,249,593

1,349,991

1,380,913

    State and political subdivisions

838,880

859,071

845,371

807,842

832,898

    Other securities

138,345

158,020

175,958

197,589

225,021

       Total available-for-sale (net of credit losses)

3,152,286

3,266,221

3,319,277

2,405,320

2,491,849

       Total investment securities (net of credit losses)

$   3,152,286

$   3,266,221

$   3,319,277

$   5,996,851

$   6,107,405

       Fair value - HTM investment securities

$                  -

$                  -

$                  -

$   2,891,974

$   2,929,625

 Simmons First National Corporation

 SFNC

 Consolidated Loans

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Loan Portfolio - End of Period

 Consumer:

    Credit cards

$        172,610

$        175,760

$        173,020

$        176,166

$        179,680

    Other consumer

96,387

115,472

112,335

123,831

97,198

 Total consumer

268,997

291,232

285,355

299,997

276,878

 Real Estate:

    Construction

2,621,859

2,873,807

2,874,823

2,784,578

2,778,245

    Single-family residential

2,566,162

2,607,450

2,617,849

2,625,717

2,647,451

    Other commercial real estate

8,764,648

8,289,968

7,875,649

7,961,412

8,051,304

 Total real estate

13,952,669

13,771,225

13,368,321

13,371,707

13,477,000

 Commercial:

    Commercial

2,521,440

2,382,339

2,397,388

2,440,507

2,372,681

    Agricultural

333,508

306,300

353,181

333,078

264,469

 Total commercial

2,854,948

2,688,639

2,750,569

2,773,585

2,637,150

 Other

856,269

741,083

784,572

665,807

703,050

       Total loans

$   17,932,883

$   17,492,179

$   17,188,817

$   17,111,096

$   17,094,078

 Simmons First National Corporation

 SFNC

 Consolidated Allowance and Asset Quality

 For the Quarters Ended

Mar 31

Dec 31

Sep 30

Jun 30

Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Allowance for Credit Losses on Loans

 Beginning balance

$     224,377

$     258,006

$     253,537

$     252,168

$     235,019

 Loans charged off:

    Credit cards

1,677

1,346

1,862

1,702

1,460

    Other consumer

590

550

600

351

1,133

    Real estate

6,629

25,850

1,350

1,450

4,425

    Commercial

1,666

22,004

8,079

8,257

4,243

       Total loans charged off

10,562

49,750

11,891

11,760

11,261

 Recoveries of loans previously charged off:

    Credit cards

468

347

257

334

211

    Other consumer

301

163

303

294

306

    Real estate

449

105

115

87

99

    Commercial

253

390

505

469

997

       Total recoveries

1,471

1,005

1,180

1,184

1,613

    Net loans charged off

9,091

48,745

10,711

10,576

9,648

 Provision for credit losses on loans

14,622

15,116

15,180

11,945

26,797

 Balance, end of quarter

$     229,908

$     224,377

$     258,006

$     253,537

$     252,168

Nonperforming assets

 Nonperforming loans:

    Nonaccrual loans

$     141,233

$     111,791

$     153,516

$     156,453

$     151,897

    Loans past due 90 days or more

647

948

423

709

494

       Total nonperforming loans

141,880

112,739

153,939

157,162

152,391

 Other nonperforming assets:

   Foreclosed assets and other real estate owned

12,475

12,009

6,386

8,794

8,976

    Other nonperforming assets

181

323

392

759

978

       Total other nonperforming assets

12,656

12,332

6,778

9,553

9,954

          Total nonperforming assets

$     154,536

$     125,071

$     160,717

$     166,715

$     162,345

Ratios

 Allowance for credit losses on loans to total loans

1.28 %

1.28 %

1.50 %

1.48 %

1.48 %

 Allowance for credit losses to nonperforming loans

162 %

199 %

168 %

161 %

165 %

 Nonperforming loans to total loans

0.79 %

0.64 %

0.90 %

0.92 %

0.89 %

 Nonperforming assets to total assets

0.63 %

0.51 %

0.66 %

0.62 %

0.61 %

 Annualized net charge offs to average loans (QTD)

0.21 %

1.12 %

0.25 %

0.25 %

0.23 %

 Annualized net charge offs to average loans (YTD)

0.21 %

0.47 %

0.24 %

0.24 %

0.23 %

 Annualized net credit card charge offs to

   average credit card loans (QTD)

2.81 %

2.23 %

3.64 %

2.99 %

2.72 %

 Simmons First National Corporation

 SFNC

 Consolidated - Average Balance Sheet and Net Interest Income Analysis

 For the Quarters Ended

 (Unaudited)

 Three Months Ended
Mar 2026

 Three Months Ended
Dec 2025

 Three Months Ended
Mar 2025

 ($ in thousands)

Average
Balance

Income/
Expense

Yield/
Rate

Average
Balance

Income/
Expense

Yield/
Rate

Average
Balance

Income/
Expense

Yield/
Rate

ASSETS

Earning assets:

   Interest bearing balances due from banks

     and federal funds sold

$        251,620

$       2,320

3.74 %

$        232,046

$      2,485

4.25 %

$        241,021

$      2,703

4.55 %

   Investment securities - taxable

2,408,546

26,311

4.43 %

2,490,444

28,235

4.50 %

3,540,559

31,584

3.62 %

   Investment securities - non-taxable (FTE)

820,278

7,542

3.73 %

810,597

7,578

3.71 %

2,608,070

21,217

3.30 %

   Mortgage loans held for sale

13,800

203

5.97 %

15,738

227

5.72 %

8,142

122

6.08 %

   Assets held in trading accounts

13,748

122

3.60 %

12,534

118

3.74 %

-

-

0.00 %

   Loans - including fees (FTE)

17,658,807

268,328

6.16 %

17,295,415

271,778

6.23 %

16,920,050

258,625

6.20 %

      Total interest earning assets (FTE)

21,166,799

304,826

5.84 %

20,856,774

310,421

5.90 %

23,317,842

314,251

5.47 %

   Non-earning assets

3,366,206

3,397,673

3,360,786

     Total assets

$   24,533,005

$   24,254,447

$   26,678,628

LIABILITIES AND STOCKHOLDERS' EQUITY

Interest bearing liabilities:

   Interest bearing transaction and

     savings accounts

$   11,328,148

$     57,653

2.06 %

$   10,971,959

$    60,516

2.19 %

$   11,177,550

$    67,895

2.46 %

   Time deposits

4,678,058

39,949

3.46 %

4,573,502

41,989

3.64 %

6,160,429

62,559

4.12 %

      Total interest bearing deposits

16,006,206

97,602

2.47 %

15,545,461

102,505

2.62 %

17,337,979

130,454

3.05 %

   Federal funds purchased and securities

     sold under agreement to repurchase

17,743

36

0.82 %

20,990

57

1.08 %

39,797

113

1.15 %

   Other borrowings

192,345

1,746

3.68 %

217,996

2,138

3.89 %

706,402

7,714

4.43 %

   Subordinated notes and debentures

318,635

5,262

6.70 %

319,162

5,535

6.88 %

366,312

6,134

6.79 %

      Total interest bearing liabilities

16,534,929

104,646

2.57 %

16,103,609

110,235

2.72 %

18,450,490

144,415

3.17 %

Noninterest bearing liabilities:

   Noninterest bearing deposits

4,229,952

4,412,009

4,342,948

   Other liabilities

297,864

328,812

320,721

      Total liabilities

21,062,745

20,844,430

23,114,159

Stockholders' equity

3,470,260

3,410,017

3,564,469

      Total liabilities and stockholders' equity

$   24,533,005

$   24,254,447

$   26,678,628

Net interest income (FTE)

$   200,180

$  200,186

$  169,836

Net interest spread (FTE)

3.27 %

3.18 %

2.30 %

Net interest margin (FTE)

3.84 %

3.81 %

2.95 %

 Simmons First National Corporation

 SFNC

 Consolidated - Selected Financial Data

 For the Quarters Ended

Mar 31

Dec 31

Sep 30

Jun 30

Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands, except share data)

QUARTER-TO-DATE

Financial Highlights - As Reported

Net Income (loss)

$          68,544

$          78,078

$      (562,792)

$          54,773

$          32,388

Diluted earnings per share

0.47

0.54

(4.00)

0.43

0.26

Return on average assets

1.13 %

1.28 %

-8.96 %

0.82 %

0.49 %

Return on average tangible assets (non-GAAP) (1)

1.24 %

1.40 %

-9.46 %

0.91 %

0.56 %

Return on average common equity

8.01 %

9.08 %

-66.29 %

6.20 %

3.69 %

Return on tangible common equity (non-GAAP) (1)

13.90 %

15.92 %

-113.56 %

10.73 %

6.61 %

Net interest margin (FTE)

3.84 %

3.81 %

3.50 %

3.06 %

2.95 %

Efficiency ratio (2)

57.56 %

55.52 %

-25.11 %

62.82 %

66.94 %

FTE adjustment

3,012

2,890

3,811

6,422

6,414

Average diluted shares outstanding

145,340,410

145,210,222

140,648,704

126,406,453

126,336,557

Cash dividends declared per common share

0.215

0.213

0.213

0.213

0.213

Accretable yield on acquired loans

902

749

725

1,263

1,084

Financial Highlights - Adjusted (non-GAAP) (1)

Adjusted earnings

$          68,566

$          78,975

$          64,930

$          56,071

$          33,122

Adjusted diluted earnings per share

0.47

0.54

0.46

0.44

0.26

Adjusted return on average assets

1.13 %

1.29 %

1.03 %

0.84 %

0.50 %

Adjusted return on average tangible assets (non-GAAP) (1)

1.24 %

1.41 %

1.13 %

0.93 %

0.57 %

Adjusted return on average common equity

8.01 %

9.19 %

7.65 %

6.34 %

3.77 %

Adjusted return on tangible common equity

13.91 %

16.10 %

13.62 %

10.97 %

6.75 %

Adjusted efficiency ratio (2)

56.16 %

53.64 %

57.72 %

60.52 %

64.75 %

YEAR-TO-DATE

Financial Highlights - GAAP

Net Income (loss)

$          68,544

$      (397,553)

$      (475,631)

$          87,161

$          32,388

Diluted earnings per share

0.47

(2.95)

(3.63)

0.69

0.26

Return on average assets

1.13 %

-1.55 %

-2.44 %

0.66 %

0.49 %

Return on average tangible assets (non-GAAP) (1)

1.24 %

-1.60 %

-2.54 %

0.74 %

0.56 %

Return on average common equity

8.01 %

-11.45 %

-18.21 %

4.94 %

3.69 %

Return on tangible common equity (non-GAAP) (1)

13.90 %

-18.84 %

-30.13 %

8.67 %

6.61 %

Net interest margin (FTE)

3.84 %

3.32 %

3.17 %

3.01 %

2.95 %

Efficiency ratio (2)

57.56 %

460.26 %

-329.30 %

64.86 %

66.94 %

FTE adjustment

3,012

19,537

16,647

12,836

6,414

Average diluted shares outstanding

145,340,410

134,731,180

131,132,891

126,325,650

126,336,557

Cash dividends declared per common share

0.215

0.850

0.638

0.425

0.213

Financial Highlights - Adjusted (non-GAAP) (1)

Adjusted earnings

$          68,566

$        233,098

$        154,123

$          89,193

$          33,122

Adjusted diluted earnings per share

0.47

1.73

1.18

0.71

0.26

Adjusted return on average assets

1.13 %

0.91 %

0.79 %

0.67 %

0.50 %

Adjusted return on average tangible assets (non-GAAP) (1)

1.24 %

1.00 %

0.87 %

0.75 %

0.57 %

Adjusted return on average common equity

8.01 %

6.71 %

5.90 %

5.06 %

3.77 %

Adjusted return on tangible common equity

13.91 %

11.78 %

10.37 %

8.86 %

6.75 %

Adjusted efficiency ratio (2)

56.16 %

58.92 %

60.90 %

62.62 %

64.75 %

END OF PERIOD

Book value per share

$            23.70

$            23.62

$            23.18

$            28.17

$            28.04

Tangible book value per share

14.03

13.91

13.45

16.97

16.81

Shares outstanding

145,058,331

144,762,817

144,703,075

125,996,248

125,926,822

Full-time equivalent employees

2,913

2,917

2,883

2,947

2,949

Total number of financial centers

221

222

223

223

222

(1) Non-GAAP measurement that management believes aids in the understanding and discussion of results. Reconciliations to GAAP are
included in the schedules accompanying this release.

(2) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting
items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from
securities transactions and certain adjusting items, and is a non-GAAP measurement.

 Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Quarter-to-Date

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

 (in thousands, except per share data)

QUARTER-TO-DATE

 Net income (loss)

$        68,544

$        78,078

$    (562,792)

$        54,773

$        32,388

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

-

570

-

-

FDIC Deposit Insurance special assessment

(1,984)

-

-

-

-

Professional services

1,200

-

-

-

-

Early retirement program

283

-

305

1,594

-

Termination of vendor and software services

-

12

-

-

-

Loss on sale of Equipment Finance business

-

1,118

-

-

-

Loss (gain) on sale of securities

-

-

801,492

-

-

Branch right sizing (net)

531

85

2,004

163

994

Tax effect of certain items (1)

(8)

(318)

(176,649)

(459)

(260)

    Certain items, net of tax

22

897

627,722

1,298

734

Adjusted earnings (non-GAAP) (2)

$        68,566

$        78,975

$        64,930

$        56,071

$        33,122

 Diluted earnings per share

$            0.47

$            0.54

$          (4.00)

$            0.43

$            0.26

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

-

-

-

-

FDIC Deposit Insurance special assessment

(0.01)

-

-

-

-

Professional services

0.01

-

-

-

-

Early retirement program

-

-

-

0.01

-

Termination of vendor and software services

-

-

-

-

-

Loss on sale of Equipment Finance business

-

0.01

-

-

-

Loss (gain) on sale of securities

-

-

5.70

-

-

Branch right sizing (net)

-

-

0.01

-

-

Tax effect of certain items (1)

-

(0.01)

(1.25)

-

-

    Certain items, net of tax

-

-

4.46

0.01

-

 Adjusted diluted earnings per share (non-GAAP)

$            0.47

$            0.54

$            0.46

$            0.44

$            0.26

 (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items

 (2) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."

Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)

QUARTER-TO-DATE

    Noninterest income

$        44,197

$        51,708

$    (756,187)

$        42,354

$        46,155

Certain noninterest income items

Loss on early extinguishment of debt

-

-

570

-

-

Loss (gain) on sale of securities

-

-

801,492

-

-

    Adjusted noninterest income (non-GAAP)

$        44,197

$        51,708

$        45,875

$        42,354

$        46,155

    Other income

$          4,827

$        12,365

$          6,141

$          4,837

$          8,007

Certain other income items

Loss on early extinguishment of debt

-

-

570

-

-

    Adjusted other income (non-GAAP)

$          4,827

$        12,365

$          6,711

$          4,837

$          8,007

    Noninterest expense

$      140,673

$      139,862

$      142,032

$      138,589

$      144,580

Certain noninterest expense items

Early retirement program

(283)

-

(305)

(1,594)

-

FDIC Deposit Insurance special assessment

1,984

-

-

-

-

Professional services

(1,200)

-

-

-

-

Termination of vendor and software services

-

(12)

-

-

-

Loss on sale of Equipment Finance business

-

(1,118)

-

-

-

Branch right sizing expense

(531)

(85)

(2,004)

(163)

(994)

    Adjusted noninterest expense (non-GAAP)

140,643

138,647

139,723

136,832

143,586

 Less: Fraud event

-

-

-

-

(4,300)

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

$      140,643

$      138,647

$      139,723

$      136,832

$      139,286

    Salaries and employee benefits

$        75,885

$        72,924

$        76,249

$        73,862

$        74,824

Certain salaries and employee benefits items

Early retirement program

(283)

-

(305)

(1,594)

-

Other

-

-

(1)

1

-

    Adjusted salaries and employee benefits (non-GAAP)

$        75,602

$        72,924

$        75,943

$        72,269

$        74,824

    Other operating expenses

$        44,537

$        44,830

$        43,027

$        42,276

$        46,051

Certain other operating expenses items

Professional services

(1,200)

-

-

-

-

Termination of vendor and software services

-

(12)

-

-

-

Loss on sale of Equipment Finance business

-

(1,118)

-

-

-

Branch right sizing expense

(205)

327

(1,556)

255

(161)

    Adjusted other operating expenses (non-GAAP)

$        43,132

$        44,027

$        41,471

$        42,531

$        45,890

 Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Year-to-Date

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

 (in thousands, except per share data)

YEAR-TO-DATE

 Net income (loss)

$        68,544

$    (397,553)

$    (475,631)

$        87,161

$        32,388

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

570

570

-

-

FDIC Deposit Insurance special assessment

(1,984)

-

-

-

-

Professional services

1,200

-

-

-

-

Early retirement program

283

1,899

1,899

1,594

-

Termination of vendor and software services

-

12

-

-

-

Loss on sale of Equipment Finance business

-

1,118

-

-

-

Loss (gain) on sale of securities

-

801,492

801,492

-

-

Branch right sizing (net)

531

3,246

3,161

1,157

994

Tax effect of certain items (1)

(8)

(177,686)

(177,368)

(719)

(260)

    Certain items, net of tax

22

630,651

629,754

2,032

734

Adjusted earnings (non-GAAP) (2)

$        68,566

$      233,098

$      154,123

$        89,193

$        33,122

 Diluted earnings per share

$            0.47

$          (2.95)

$          (3.63)

$            0.69

$            0.26

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

0.01

-

-

-

FDIC Deposit Insurance special assessment

(0.01)

-

-

-

-

Professional services

0.01

-

-

-

-

Early retirement program

-

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 right sizing (net)

-

0.02

0.02

0.01

-

Tax effect of certain items (1)

-

(1.32)

(1.34)

-

-

    Certain items, net of tax

-

4.68

4.81

0.02

-

 Adjusted diluted earnings per share (non-GAAP)

$            0.47

$            1.73

$            1.18

$            0.71

$            0.26

 (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items

 (2) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."

Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)

YEAR-TO-DATE

    Noninterest income

$        44,197

$    (615,970)

$    (667,678)

$        88,509

$        46,155

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)

$        44,197

$      186,092

$      134,384

$        88,509

$        46,155

    Other income

$          4,827

$        31,350

$        18,985

$        12,844

$          8,007

Certain other income items

Loss on early extinguishment of debt

-

570

570

-

-

    Adjusted other income (non-GAAP)

$          4,827

$        31,920

$        19,555

$        12,844

$          8,007

    Noninterest expense

$      140,673

$      565,063

$      425,201

$      283,169

$      144,580

Certain noninterest expense items

Early retirement program

(283)

(1,899)

(1,899)

(1,594)

-

FDIC Deposit Insurance special assessment

1,984

-

-

-

-

Professional services

(1,200)

-

-

-

-

Termination of vendor and software services

-

(12)

-

-

-

Loss on sale of Equipment Finance business

-

(1,118)

-

-

-

Branch right sizing expense

(531)

(3,246)

(3,161)

(1,157)

(994)

    Adjusted noninterest expense (non-GAAP)

140,643

558,788

420,141

280,418

143,586

 Less: Fraud event

-

(4,300)

(4,300)

(4,300)

(4,300)

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

$      140,643

$      554,488

$      415,841

$      276,118

$      139,286

    Salaries and employee benefits

$        75,885

$      297,859

$      224,935

$      148,686

$        74,824

Certain salaries and employee benefits items

Early retirement program

(283)

(1,899)

(1,899)

(1,594)

-

Other

-

-

-

1

-

    Adjusted salaries and employee benefits (non-GAAP)

$        75,602

$      295,960

$      223,036

$      147,093

$        74,824

    Other operating expenses

$        44,537

$      176,184

$      131,354

$        88,327

$        46,051

Certain other operating expenses items

Professional services

(1,200)

-

-

-

-

Termination of vendor and software services

-

(12)

-

-

-

Loss on sale of Equipment Finance business

-

(1,118)

-

-

-

Branch right sizing expense

(205)

(1,135)

(1,462)

94

(161)

    Adjusted other operating expenses (non-GAAP)

$        43,132

$      173,919

$      129,892

$        88,421

$        45,890

Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - End of Period

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands, except per share data)

Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets

Total common stockholders' equity

$     3,437,734

$     3,419,240

$     3,353,963

$     3,549,210

$     3,531,485

Intangible assets:

   Goodwill

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

   Other intangible assets

(81,325)

(84,423)

(87,520)

(90,617)

(93,714)

Total intangibles

(1,402,124)

(1,405,222)

(1,408,319)

(1,411,416)

(1,414,513)

Tangible common stockholders' equity

$     2,035,610

$     2,014,018

$     1,945,644

$     2,137,794

$     2,116,972

Total assets

$   24,692,783

$   24,540,877

$   24,208,162

$   26,693,620

$   26,792,991

Intangible assets:

   Goodwill

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

   Other intangible assets

(81,325)

(84,423)

(87,520)

(90,617)

(93,714)

Total intangibles

(1,402,124)

(1,405,222)

(1,408,319)

(1,411,416)

(1,414,513)

Tangible assets

$   23,290,659

$   23,135,655

$   22,799,843

$   25,282,204

$   25,378,478

Ratio of common equity to assets

13.92 %

13.93 %

13.85 %

13.30 %

13.18 %

Ratio of tangible common equity to tangible assets

8.74 %

8.71 %

8.53 %

8.46 %

8.34 %

Calculation of Tangible Book Value per Share

Total common stockholders' equity

$     3,437,734

$     3,419,240

$     3,353,963

$     3,549,210

$     3,531,485

Intangible assets:

   Goodwill

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

   Other intangible assets

(81,325)

(84,423)

(87,520)

(90,617)

(93,714)

Total intangibles

(1,402,124)

(1,405,222)

(1,408,319)

(1,411,416)

(1,414,513)

Tangible common stockholders' equity

$     2,035,610

$     2,014,018

$     1,945,644

$     2,137,794

$     2,116,972

Shares of common stock outstanding

145,058,331

144,762,817

144,703,075

125,996,248

125,926,822

Book value per common share

$            23.70

$            23.62

$            23.18

$            28.17

$            28.04

Tangible book value per common share

$            14.03

$            13.91

$            13.45

$            16.97

$            16.81

Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits

Uninsured deposits at Simmons Bank

$     7,385,688

$     9,640,677

$     9,565,766

$     8,407,847

$     8,614,833

Less: Collateralized deposits (excluding portion that is FDIC insured)

2,509,728

2,363,327

2,169,362

2,691,215

3,005,328

Less: Intercompany eliminations

432,795

2,729,191

2,937,147

1,121,932

1,073,500

Total uninsured, non-collateralized deposits

$     4,443,165

$     4,548,159

$     4,459,257

$     4,594,700

$     4,536,005

FHLB borrowing availability

$     5,831,000

$     5,999,000

$     6,134,000

$     5,133,000

$     4,432,000

Unpledged securities

1,571,000

1,480,000

1,575,000

3,697,000

4,197,000

Fed funds lines, Fed discount window and

  Bank Term Funding Program (1)

1,595,000

1,836,000

1,824,000

1,894,000

1,780,000

Additional liquidity sources

$     8,997,000

$     9,315,000

$     9,533,000

$   10,724,000

$   10,409,000

Uninsured, non-collateralized deposit coverage ratio

2.0

2.0

2.1

2.3

2.3

 (1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program. 

Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Calculation of Adjusted Return on Average Assets & Average Tangible Assets

Net income (loss)

$             68,544

$             78,078

$          (562,792)

$             54,773

$             32,388

Amortization of intangibles, net of taxes

2,288

2,288

2,287

2,289

2,605

Total adjusted tangible net income (non-GAAP)

$             70,832

$             80,366

$          (560,505)

$             57,062

$             34,993

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

-

570

-

-

FDIC Deposit Insurance special assessment

(1,984)

-

-

-

-

Professional services

1,200

-

-

-

-

Early retirement program

283

-

305

1,594

-

Termination of vendor and software services

-

12

-

-

-

Loss on sale of Equipment Finance business

-

1,118

-

-

-

Loss (gain) on sale of securities

-

-

801,492

-

-

Branch right sizing (net)

531

85

2,004

163

994

Tax effect of certain items (1)

(8)

(318)

(176,649)

(459)

(260)

Adjusted earnings (non-GAAP)

68,566

78,975

64,930

56,071

33,122

Amortization of intangibles, net of taxes

2,288

2,288

2,287

2,289

2,605

Total adjusted tangible net income (non-GAAP)

$             70,854

$             81,263

$             67,217

$             58,360

$             35,727

Average total assets

$      24,533,005

$      24,254,447

$      24,914,922

$      26,645,131

$      26,678,628

Average intangible assets:

   Goodwill

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

   Other intangibles

(83,248)

(86,206)

(89,349)

(92,432)

(95,787)

Total average intangibles

(1,404,047)

(1,407,005)

(1,410,148)

(1,413,231)

(1,416,586)

Average tangible assets (non-GAAP)

$      23,128,958

$      22,847,442

$      23,504,774

$      25,231,900

$      25,262,042

Return on average assets

1.13 %

1.28 %

-8.96 %

0.82 %

0.49 %

Adjusted return on average assets (non-GAAP)

1.13 %

1.29 %

1.03 %

0.84 %

0.50 %

Return on average tangible assets (non-GAAP)

1.24 %

1.40 %

-9.46 %

0.91 %

0.56 %

Adjusted return on average tangible assets (non-GAAP)

1.24 %

1.41 %

1.13 %

0.93 %

0.57 %

Calculation of Return on Tangible Common Equity

Net income (loss)  available to common stockholders

$             68,544

$             78,078

$          (562,792)

$             54,773

$             32,388

Amortization of intangibles, net of taxes

2,288

2,288

2,287

2,289

2,605

Total income available to common stockholders

$             70,832

$             80,366

$          (560,505)

$             57,062

$             34,993

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

-

570

-

-

FDIC Deposit Insurance special assessment

(1,984)

-

-

-

-

Professional services

1,200

-

-

-

-

Early retirement program

283

-

305

1,594

-

Termination of vendor and software services

-

12

-

-

-

Loss on sale of Equipment Finance business

-

1,118

-

-

-

Loss (gain) on sale of securities

-

-

801,492

-

-

Branch right sizing (net)

531

85

2,004

163

994

Tax effect of certain items (1)

(8)

(318)

(176,649)

(459)

(260)

Adjusted earnings (non-GAAP)

68,566

78,975

64,930

56,071

33,122

Amortization of intangibles, net of taxes

2,288

2,288

2,287

2,289

2,605

Total adjusted earnings available to common stockholders (non-GAAP)

$             70,854

$             81,263

$             67,217

$             58,360

$             35,727

Average common stockholders' equity

$        3,470,260

$        3,410,017

$        3,368,308

$        3,546,163

$        3,564,469

Average intangible assets:

   Goodwill

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

   Other intangibles

(83,248)

(86,206)

(89,349)

(92,432)

(95,787)

Total average intangibles

(1,404,047)

(1,407,005)

(1,410,148)

(1,413,231)

(1,416,586)

Average tangible common stockholders' equity (non-GAAP)

$        2,066,213

$        2,003,012

$        1,958,160

$        2,132,932

$        2,147,883

Return on average common equity

8.01 %

9.08 %

-66.29 %

6.20 %

3.69 %

Return on tangible common equity

13.90 %

15.92 %

-113.56 %

10.73 %

6.61 %

Adjusted return on average common equity (non-GAAP)

8.01 %

9.19 %

7.65 %

6.34 %

3.77 %

Adjusted return on tangible common equity (non-GAAP)

13.91 %

16.10 %

13.62 %

10.97 %

6.75 %

 (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items. 

Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date (continued)

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)

Noninterest expense (efficiency ratio numerator)

$           140,673

$           139,862

$           142,032

$           138,589

$           144,580

Certain noninterest expense items (non-GAAP)

Early retirement program

(283)

-

(305)

(1,594)

-

FDIC Deposit Insurance special assessment

1,984

-

-

-

-

Professional services

(1,200)

-

-

-

-

Termination of vendor and software services

-

(12)

-

-

-

Loss on sale of Equipment Finance business

-

(1,118)

-

-

-

Branch right sizing expense

(531)

(85)

(2,004)

(163)

(994)

Other real estate and foreclosure expense adjustment

(315)

(432)

(200)

(216)

(198)

Amortization of intangibles adjustment

(3,097)

(3,097)

(3,097)

(3,098)

(3,527)

Adjusted efficiency ratio numerator

$           137,231

$           135,118

$           136,426

$           133,518

$           139,861

Net interest income

$           197,168

$           197,296

$           186,661

$           171,824

$           163,422

Noninterest income

44,197

51,708

(756,187)

42,354

46,155

Fully tax-equivalent adjustment (2)

3,012

2,890

3,811

6,422

6,414

Efficiency ratio denominator

244,377

251,894

(565,715)

220,600

215,991

Certain noninterest income items (non-GAAP)

Loss on early extinguishment of debt

-

-

570

-

-

(Gain) loss on sale of securities

-

-

801,492

-

-

Adjusted efficiency ratio denominator

$           244,377

$           251,894

$           236,347

$           220,600

$           215,991

Efficiency ratio (1)

57.56 %

55.52 %

-25.11 %

62.82 %

66.94 %

Adjusted efficiency ratio (non-GAAP) (1)

56.16 %

53.64 %

57.72 %

60.52 %

64.75 %

Calculation of Total Revenue and Adjusted Total Revenue

Net interest income

$           197,168

$           197,296

$           186,661

$           171,824

$           163,422

Noninterest income

44,197

51,708

(756,187)

42,354

46,155

Total revenue

241,365

249,004

(569,526)

214,178

209,577

Certain items, pre-tax (non-GAAP)

Plus: Loss on early extinguishment of debt

-

-

570

-

-

Less: Gain (loss) on sale of securities

-

-

(801,492)

-

-

Adjusted total revenue

$           241,365

$           249,004

$           232,536

$           214,178

$           209,577

Calculation of Pre-Provision Net Revenue (PPNR)

Net interest income

$           197,168

$           197,296

$           186,661

$           171,824

$           163,422

Noninterest income

44,197

51,708

(756,187)

42,354

46,155

Total revenue

241,365

249,004

(569,526)

214,178

209,577

Less: Noninterest expense

140,673

139,862

142,032

138,589

144,580

Pre-Provision Net Revenue (PPNR)

$           100,692

$           109,142

$          (711,558)

$             75,589

$             64,997

Calculation of Adjusted Pre-Provision Net Revenue

Pre-Provision Net Revenue (PPNR)

$           100,692

$           109,142

$          (711,558)

$             75,589

$             64,997

Certain items, pre-tax (non-GAAP)

Plus: Loss on early extinguishment of debt

-

-

570

-

-

Plus: Loss (gain) on sale of securities

-

-

801,492

-

-

Plus: FDIC Deposit Insurance special assessment

(1,984)

-

-

-

-

Plus: Professional services

1,200

-

-

-

-

Plus: Early retirement program costs

283

-

305

1,594

-

Plus: Termination of vendor and software services

-

12

-

-

-

Plus: Loss on sale of Equipment Finance business

-

1,118

-

-

-

Plus: Branch right sizing costs (net)

531

85

2,004

163

994

Adjusted Pre-Provision Net Revenue

$           100,722

$           110,357

$             92,813

$             77,346

$             65,991

(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent} and noninterest revenues. Adjusted efficieny
ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest
income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is
a non-GAAP measurement.

(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items. 

Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - Year-to-Date

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Calculation of Adjusted Return on Average Assets & Average Tangible Assets

Net income (loss)

$             68,544

$          (397,553)

$          (475,631)

$             87,161

$             32,388

Amortization of intangibles, net of taxes

2,288

9,469

7,181

4,894

2,605

Total adjusted tangible net income (non-GAAP)

$             70,832

$          (388,084)

$          (468,450)

$             92,055

$             34,993

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

570

570

-

-

FDIC Deposit Insurance special assessment

(1,984)

-

-

-

-

Professional services

1,200

-

-

-

-

Early retirement program

283

1,899

1,899

1,594

-

Termination of vendor and software services

-

12

-

-

-

Loss on sale of Equipment Finance business

-

1,118

-

-

-

Loss (gain) on sale of securities

-

801,492

801,492

-

-

Branch right sizing (net)

531

3,246

3,161

1,157

994

Tax effect of certain items (1)

(8)

(177,686)

(177,368)

(719)

(260)

Adjusted earnings (non-GAAP)

68,566

233,098

154,123

89,193

33,122

Amortization of intangibles, net of taxes

2,288

9,469

7,181

4,894

2,605

Total adjusted tangible net income (non-GAAP)

$             70,854

$           242,567

$           161,304

$             94,087

$             35,727

Average total assets

$      24,533,005

$      25,614,700

$      26,073,100

$      26,661,787

$      26,678,628

Average intangible assets:

   Goodwill

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

   Other intangibles

(83,248)

(90,913)

(92,499)

(94,100)

(95,787)

Total average intangibles

(1,404,047)

(1,411,712)

(1,413,298)

(1,414,899)

(1,416,586)

Average tangible assets (non-GAAP)

$      23,128,958

$      24,202,988

$      24,659,802

$      25,246,888

$      25,262,042

Return on average assets

1.13 %

-1.55 %

-2.44 %

0.66 %

0.49 %

Adjusted return on average assets (non-GAAP)

1.13 %

0.91 %

0.79 %

0.67 %

0.50 %

Return on average tangible assets (non-GAAP)

1.24 %

-1.60 %

-2.54 %

0.74 %

0.56 %

Adjusted return on average tangible assets (non-GAAP)

1.24 %

1.00 %

0.87 %

0.75 %

0.57 %

Calculation of Return on Tangible Common Equity

Net income (loss)  available to common stockholders

$             68,544

$          (397,553)

$          (475,631)

$             87,161

$             32,388

Amortization of intangibles, net of taxes

2,288

9,469

7,181

4,894

2,605

Total income available to common stockholders

$             70,832

$          (388,084)

$          (468,450)

$             92,055

$             34,993

Certain items (non-GAAP)

Loss on early extinguishment of debt

-

570

570

-

-

FDIC Deposit Insurance special assessment

(1,984)

-

-

-

-

Professional services

1,200

-

-

-

-

Early retirement program

283

1,899

1,899

1,594

-

Termination of vendor and software services

-

12

-

-

-

Loss on sale of Equipment Finance business

-

1,118

-

-

-

Loss (gain) on sale of securities

-

801,492

801,492

-

-

Branch right sizing (net)

531

3,246

3,161

1,157

994

Tax effect of certain items (1)

(8)

(177,686)

(177,368)

(719)

(260)

Adjusted earnings (non-GAAP)

68,566

233,098

154,123

89,193

33,122

Amortization of intangibles, net of taxes

2,288

9,469

7,181

4,894

2,605

Total adjusted earnings available to common stockholders (non-GAAP)

$             70,854

$           242,567

$           161,304

$             94,087

$             35,727

Average common stockholders' equity

$        3,470,260

$        3,471,531

$        3,492,261

$        3,555,265

$        3,564,469

Average intangible assets:

   Goodwill

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

(1,320,799)

   Other intangibles

(83,248)

(90,913)

(92,499)

(94,100)

(95,787)

Total average intangibles

(1,404,047)

(1,411,712)

(1,413,298)

(1,414,899)

(1,416,586)

Average tangible common stockholders' equity (non-GAAP)

$        2,066,213

$        2,059,819

$        2,078,963

$        2,140,366

$        2,147,883

Return on average common equity

8.01 %

-11.45 %

-18.21 %

4.94 %

3.69 %

Return on tangible common equity

13.90 %

-18.84 %

-30.13 %

8.67 %

6.61 %

Adjusted return on average common equity (non-GAAP)

8.01 %

6.71 %

5.90 %

5.06 %

3.77 %

Adjusted return on tangible common equity (non-GAAP)

13.91 %

11.78 %

10.37 %

8.86 %

6.75 %

 (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items. 

Simmons First National Corporation

 SFNC

 Reconciliation Of Non-GAAP Financial Measures - Year-to-Date

 For the Quarters Ended

 Mar 31

 Dec 31

 Sep 30

 Jun 30

 Mar 31

 (Unaudited)

2026

2025

2025

2025

2025

($ in thousands)

Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)

Noninterest expense (efficiency ratio numerator)

$           140,673

$           565,063

$           425,201

$           283,169

$           144,580

Certain noninterest expense items (non-GAAP)

Early retirement program

(283)

(1,899)

(1,899)

(1,594)

-

FDIC Deposit Insurance special assessment

1,984

-

-

-

-

Professional services

(1,200)

-

-

-

-

Termination of vendor and software services

-

(12)

-

-

-

Loss on sale of Equipment Finance business

-

(1,118)

-

-

-

Branch right sizing expense

(531)

(3,246)

(3,161)

(1,157)

(994)

Other real estate and foreclosure expense adjustment

(308)

(1,046)

(614)

(414)

(198)

Amortization of intangibles adjustment

(3,097)

(12,819)

(9,722)

(6,625)

(3,527)

Adjusted efficiency ratio numerator

$           137,238

$           544,923

$           409,805

$           273,379

$           139,861

Net interest income

$           197,168

$           719,203

$           521,907

$           335,246

$           163,422

Noninterest income

44,197

(615,970)

(667,678)

88,509

46,155

Fully tax-equivalent adjustment (2)

3,012

19,537

16,647

12,836

6,414

Efficiency ratio denominator

244,377

122,770

(129,124)

436,591

215,991

Certain noninterest income items (non-GAAP)

Loss on early extinguishment of debt

-

570

570

-

-

(Gain) loss on sale of securities

-

801,492

801,492

-

-

Adjusted efficiency ratio denominator

$           244,377

$           924,832

$           672,938

$           436,591

$           215,991

Efficiency ratio (1)

57.56 %

460.26 %

-329.30 %

64.86 %

66.94 %

Adjusted efficiency ratio (non-GAAP) (1)

56.16 %

58.92 %

60.90 %

62.62 %

64.75 %

(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.

(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.

SOURCE Simmons First National Corporation