Overview
Mid-South financial holding's Q4 revenue rose, beating analyst expectations
Adjusted EPS for Q4 beat consensus, reflecting strong financial performance
Outlook
Company did not provide specific financial guidance for future quarters or full year
Result Drivers
BALANCE SHEET REPOSITIONING - The company attributed improved net interest margin and revenue growth to balance sheet repositioning completed in Q3
LOAN AND DEPOSIT GROWTH - Total loans and deposits increased by 7% and 8% annualized, respectively, contributing to revenue growth
ASSET QUALITY IMPROVEMENT - Nonperforming loans decreased due to charge-offs related to two credit relationships and a portfolio sale, enhancing asset quality
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $249 mln | $238.47 mln (6 Analysts) |
Q4 Adjusted EPS | Beat | $0.54 | $0.48 (6 Analysts) |
Q4 EPS | $0.54 | ||
Q4 Adjusted Net Income | Beat | $79 mln | $69.74 mln (4 Analysts) |
Q4 Net Income | $78.10 mln | ||
Q4 Net Interest Income | $197.30 mln | ||
Q4 CET1 Capital Ratio | 11.63 | ||
Q4 Net Interest Margin (%) | 3.81% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Simmons First National Corp is $22.00, about 14.3% above its January 16 closing price of $19.24
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nPn2mzrPBa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)