PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ --
Financial Highlights 1Q26 4Q25 1Q25 1Q26 Highlights
------------------------ ------- -------- ------- ----------------------
Comparisons reflect
1Q26 vs 4Q25 unless
otherwise noted --
Net income of $68.5
million and diluted
EPS of $0.47 --
Adjusted net income(1)
of $68.6 million and
adjusted
diluted EPS(1) of
$0.47 -- ROAA of 1.13%
and ROE of 8.01% --
Adjusted ROAA(1) of
1.13%; adjusted
ROTCE(1) of 13.91% --
Total revenue of
$241.4 million and
PPNR(1) 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 ratio(1) 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
Income Statement Summary 1Q26; ACL steady at
(in millions) 1.28%
----------------------
Total revenue $ 241.4 $ 249.0 $209.6
----------------------
Adjusted total
revenue(1) 241.4 249.0 209.6
Pre-provision net
revenue(1) (PPNR) 100.7 109.1 65.0
Adjusted pre-provision
net revenue(1) 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 income(1) 68.6 79.0 33.1
------------------------ ------- -------- -------
Per share Data
Diluted earnings $ 0.47 $ 0.54 $ 0.26
Adjusted diluted
earnings(1) 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) ratio(1) 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 assets(1) 1.13 1.29 0.50
Return on average common
equity 8.01 9.08 3.69
Return on average
tangible common
equity(1) 13.90 15.92 6.61
Adj. return onavg.
tangible common
equity(1) 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
ratio(1) 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 earnings(1) 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 share(1) 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 assets(1) was 1.13 percent and adjusted return on average tangible common equity(1) 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 earnings(1, 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 -
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