Press Release: Simmons First National Corporation Reports First Quarter EPS of $0.47

Dow Jones

12 hours ago

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        -

(MORE TO FOLLOW) Dow Jones Newswires

April 16, 2026 16:30 ET (20:30 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2628492412"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2628492412\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2628492412?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-17 04:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2628492412","market":"sh","top_or_hot":-1,"title":"Press Release: Simmons First National Corporation Reports First Quarter EPS of $0.47","media":"Dow Jones","content":"\n\n PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ -- \n\n<pre style=\"white-space: pre\">\n \nFinancial Highlights 1Q26 4Q25 1Q25 1Q26 Highlights \n------------------------ ------- -------- ------- ---------------------- \n Comparisons reflect \n 1Q26 vs 4Q25 unless \n otherwise noted -- \n Net income of $68.5 \n million and diluted \n EPS of $0.47 -- \n Adjusted net income(1) \n of $68.6 million and \n adjusted \n diluted EPS(1) of \n $0.47 -- ROAA of 1.13% \n and ROE of 8.01% -- \n Adjusted ROAA(1) of \n 1.13%; adjusted \n ROTCE(1) of 13.91% -- \n Total revenue of \n $241.4 million and \n PPNR(1) of $100.7 \n million -- Net \n interest margin up 3 \n bps to 3.84%; cost of \n deposits down 8 bps to \n 1.96% -- Efficiency \n ratio of \n 57.56%; adjusted \n efficiency ratio(1) of \n 56.16% -- Broad based \n growth drives \n total loans up 10% \n annualized -- Unfunded \n commitments up 5% -- \n Total average deposits \n up 6% annualized -- \n Provision expense \n exceeded \n net charge-offs by \n $5.5 million -- NCO \n ratio at 21 bps for \nIncome Statement Summary 1Q26; ACL steady at \n(in millions) 1.28% \n ---------------------- \nTotal revenue $ 241.4 $ 249.0 $209.6 \n ---------------------- \nAdjusted total \n revenue(1) 241.4 249.0 209.6 \nPre-provision net \n revenue(1) (PPNR) 100.7 109.1 65.0 \nAdjusted pre-provision \n net revenue(1) 100.7 110.4 66.0 \nProvision for credit \n losses 14.6 15.1 26.8 \nNet income 68.5 78.1 32.4 \nAdjusted net income(1) 68.6 79.0 33.1 \n------------------------ ------- -------- ------- \nPer share Data \nDiluted earnings $ 0.47 $ 0.54 $ 0.26 \nAdjusted diluted \n earnings(1) 0.47 0.54 0.26 \nCash dividend declared 0.2150 0.2125 0.2125 \nBalance Sheet (in \nmillions) \nTotal loans $17,933 $17,492 $17,094 \nTotal deposits 20,203 20,184 21,685 \nTotal assets 24,693 24,541 26,793 \nTotal shareholders' \n equity 3,438 3,419 3,531 \n------------------------ ------- -------- ------- \nAsset Quality \nNet charge-off ratio \n (NCO ratio) 0.21 % 1.12 % 0.23 % \nAllowance for credit \n losses to loans (ACL) 1.28 1.28 1.48 \n------------------------ ------- -------- ------- \nCapital Ratios \nEquity to assets <a href=\"https://laohu8.com/S/EA\">$(EA)$</a> \n ratio 13.92 % 13.93 % 13.18 % \nTangible common equity \n (TCE) ratio(1) 8.74 8.71 8.34 \nCommon equity tier 1 \n (CET1) ratio 11.58 11.63 12.21 \nTotal risk-based capital \n ratio 14.36 14.45 14.59 \n------------------------ ------- -------- ------- \nOther Ratios \nReturn on average assets 1.13 % 1.28 % 0.49 % \nAdjusted return on \n average assets(1) 1.13 1.29 0.50 \nReturn on average common \n equity 8.01 9.08 3.69 \nReturn on average \n tangible common \n equity(1) 13.90 15.92 6.61 \nAdj. return onavg. \n tangible common \n equity(1) 13.91 16.10 6.75 \nNet interest margin \n (FTE) 3.84 3.81 2.95 \nEfficiency ratio 57.56 55.52 66.94 \nAdjusted efficiency \n ratio(1) 56.16 53.64 64.75 \n------------------------ ------- -------- ------- ---------------------- \n \n</pre>\n\n Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results: \n\n\n 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. \n\n\n 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. \n\n\n <a href=\"https://laohu8.com/S/SFNC\">Simmons First National Corporation</a> (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 $0.26 for the first quarter of 2025. \n\n\n For the first quarter of 2026, return on average assets was 1.13 percent and return on average common equity was 8.01 percent. Adjusted return on average assets(1) was 1.13 percent and adjusted return on average tangible common equity(1) was 13.91 percent. \n\n\n The table below summarizes the impact of certain items, consisting primarily of FDIC deposit insurance special assessment, professional services, branch right sizing costs, early retirement program costs and a loss on the sale of equipment finance business. These items are also described in further detail in the \"Reconciliation of Non-GAAP Financial Measures\" tables contained in this press release. \n\n<pre style=\"white-space: pre\">\n \nImpact of Certain Items on Earnings and Diluted Earnings Per Share (EPS) \n---------------------------------------------------------------------------- \n$ in millions, except per share data 1Q26 4Q25 1Q25 \n------------------------------------------------ ------- ------- ------- \nNet income $ 68.5 $ 78.1 $ 32.4 \n \nFDIC deposit insurance special assessment (2.0) - - \nProfessional services 1.2 - - \nBranch right sizing costs, net 0.6 0.1 1.0 \nEarly retirement program costs 0.3 - - \nLoss on sale of equipment finance business - 1.1 - \n Total pre-tax impact 0.1 1.2 1.0 \nTax effect - (0.3) (0.3) \n ------- ------- ------- \n Total impact on earnings 0.1 0.9 0.7 \n ------- ------- ------- \nAdjusted earnings(1, 3) $ 68.6 $ 79.0 $ 33.1 \n ======= ======= ======= \n \nDiluted EPS $ 0.47 $ 0.54 $ 0.26 \n \nFDIC deposit insurance special assessment (0.01) - - \nProfessional services 0.01 - - \nBranch right sizing costs, net - - - \nEarly retirement program costs - - - \nLoss on sale of equipment finance business - 0.01 - \n ------- ------- ------- \n Total pre-tax impact - 0.01 - \n</pre>\n\n (MORE TO FOLLOW) Dow Jones Newswires\n\n\n April 16, 2026 16:30 ET (20:30 GMT)\n\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: Simmons First National Corporation Reports First Quarter EPS of $0.47</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: Simmons First National Corporation Reports First Quarter EPS of $0.47\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2026-04-17 04:30\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n\n\n PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ -- \n\n<pre style=\"white-space: pre\">\n \nFinancial Highlights 1Q26 4Q25 1Q25 1Q26 Highlights \n------------------------ ------- -------- ------- ---------------------- \n Comparisons reflect \n 1Q26 vs 4Q25 unless \n otherwise noted -- \n Net income of $68.5 \n million and diluted \n EPS of $0.47 -- \n Adjusted net income(1) \n of $68.6 million and \n adjusted \n diluted EPS(1) of \n $0.47 -- ROAA of 1.13% \n and ROE of 8.01% -- \n Adjusted ROAA(1) of \n 1.13%; adjusted \n ROTCE(1) of 13.91% -- \n Total revenue of \n $241.4 million and \n PPNR(1) of $100.7 \n million -- Net \n interest margin up 3 \n bps to 3.84%; cost of \n deposits down 8 bps to \n 1.96% -- Efficiency \n ratio of \n 57.56%; adjusted \n efficiency ratio(1) of \n 56.16% -- Broad based \n growth drives \n total loans up 10% \n annualized -- Unfunded \n commitments up 5% -- \n Total average deposits \n up 6% annualized -- \n Provision expense \n exceeded \n net charge-offs by \n $5.5 million -- NCO \n ratio at 21 bps for \nIncome Statement Summary 1Q26; ACL steady at \n(in millions) 1.28% \n ---------------------- \nTotal revenue $ 241.4 $ 249.0 $209.6 \n ---------------------- \nAdjusted total \n revenue(1) 241.4 249.0 209.6 \nPre-provision net \n revenue(1) (PPNR) 100.7 109.1 65.0 \nAdjusted pre-provision \n net revenue(1) 100.7 110.4 66.0 \nProvision for credit \n losses 14.6 15.1 26.8 \nNet income 68.5 78.1 32.4 \nAdjusted net income(1) 68.6 79.0 33.1 \n------------------------ ------- -------- ------- \nPer share Data \nDiluted earnings $ 0.47 $ 0.54 $ 0.26 \nAdjusted diluted \n earnings(1) 0.47 0.54 0.26 \nCash dividend declared 0.2150 0.2125 0.2125 \nBalance Sheet (in \nmillions) \nTotal loans $17,933 $17,492 $17,094 \nTotal deposits 20,203 20,184 21,685 \nTotal assets 24,693 24,541 26,793 \nTotal shareholders' \n equity 3,438 3,419 3,531 \n------------------------ ------- -------- ------- \nAsset Quality \nNet charge-off ratio \n (NCO ratio) 0.21 % 1.12 % 0.23 % \nAllowance for credit \n losses to loans (ACL) 1.28 1.28 1.48 \n------------------------ ------- -------- ------- \nCapital Ratios \nEquity to assets <a href=\"https://laohu8.com/S/EA\">$(EA)$</a> \n ratio 13.92 % 13.93 % 13.18 % \nTangible common equity \n (TCE) ratio(1) 8.74 8.71 8.34 \nCommon equity tier 1 \n (CET1) ratio 11.58 11.63 12.21 \nTotal risk-based capital \n ratio 14.36 14.45 14.59 \n------------------------ ------- -------- ------- \nOther Ratios \nReturn on average assets 1.13 % 1.28 % 0.49 % \nAdjusted return on \n average assets(1) 1.13 1.29 0.50 \nReturn on average common \n equity 8.01 9.08 3.69 \nReturn on average \n tangible common \n equity(1) 13.90 15.92 6.61 \nAdj. return onavg. \n tangible common \n equity(1) 13.91 16.10 6.75 \nNet interest margin \n (FTE) 3.84 3.81 2.95 \nEfficiency ratio 57.56 55.52 66.94 \nAdjusted efficiency \n ratio(1) 56.16 53.64 64.75 \n------------------------ ------- -------- ------- ---------------------- \n \n</pre>\n\n Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results: \n\n\n 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. \n\n\n 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. \n\n\n <a href=\"https://laohu8.com/S/SFNC\">Simmons First National Corporation</a> (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 $0.26 for the first quarter of 2025. \n\n\n For the first quarter of 2026, return on average assets was 1.13 percent and return on average common equity was 8.01 percent. Adjusted return on average assets(1) was 1.13 percent and adjusted return on average tangible common equity(1) was 13.91 percent. \n\n\n The table below summarizes the impact of certain items, consisting primarily of FDIC deposit insurance special assessment, professional services, branch right sizing costs, early retirement program costs and a loss on the sale of equipment finance business. These items are also described in further detail in the \"Reconciliation of Non-GAAP Financial Measures\" tables contained in this press release. \n\n<pre style=\"white-space: pre\">\n \nImpact of Certain Items on Earnings and Diluted Earnings Per Share (EPS) \n---------------------------------------------------------------------------- \n$ in millions, except per share data 1Q26 4Q25 1Q25 \n------------------------------------------------ ------- ------- ------- \nNet income $ 68.5 $ 78.1 $ 32.4 \n \nFDIC deposit insurance special assessment (2.0) - - \nProfessional services 1.2 - - \nBranch right sizing costs, net 0.6 0.1 1.0 \nEarly retirement program costs 0.3 - - \nLoss on sale of equipment finance business - 1.1 - \n Total pre-tax impact 0.1 1.2 1.0 \nTax effect - (0.3) (0.3) \n ------- ------- ------- \n Total impact on earnings 0.1 0.9 0.7 \n ------- ------- ------- \nAdjusted earnings(1, 3) $ 68.6 $ 79.0 $ 33.1 \n ======= ======= ======= \n \nDiluted EPS $ 0.47 $ 0.54 $ 0.26 \n \nFDIC deposit insurance special assessment (0.01) - - \nProfessional services 0.01 - - \nBranch right sizing costs, net - - - \nEarly retirement program costs - - - \nLoss on sale of equipment finance business - 0.01 - \n ------- ------- ------- \n Total pre-tax impact - 0.01 - \n</pre>\n\n<pre style=\"white-space: pre\">\nTax effect - (0.01) - \n ------- ------- ------- \n Total impact on earnings - - - \n ------- ------- ------- \nAdjusted Diluted EPS(1) $ 0.47 $ 0.54 $ 0.26 \n ======= ======= ======= \n \n</pre>\n\n Net Interest Income \n\n\n 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. \n\n\n 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. \n\n<pre style=\"white-space: pre\">\n \nSelect Yield/Rates \n----------------------------------------------------------------------------- \n 1Q26 4Q25 3Q25 2Q25 1Q25 \n ------ ------ ------ ------ ------ \nLoan yield (FTE)(2) 6.16 % 6.23 % 6.31 % 6.26 % 6.20 % \nInvestment securities yield (FTE)(2) 4.25 4.30 4.01 3.48 3.48 \nCost of interest bearing deposits 2.47 2.62 2.86 2.97 3.05 \nCost of deposits 1.96 2.04 2.25 2.36 2.44 \nNet interest spread (FTE)(2) 3.27 3.18 2.86 2.41 2.30 \nNet interest margin (FTE)(2) 3.84 3.81 3.50 3.06 2.95 \n \n</pre>\n\n Noninterest Income \n\n\n 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. \n\n<pre style=\"white-space: pre\">\n \nNoninterest Income \n $ in millions 1Q26 4Q25 3Q25 2Q25 1Q25 \n--------------------------------- -------- ------- -------- ------ ------ \nService charges on deposit \n accounts $ 12.7 $ 12.7 $ 13.0 $ 12.6 $ 12.6 \nWealth management fees 10.5 10.3 10.0 9.5 9.6 \nDebit and credit card fees 8.5 8.7 8.5 8.6 8.4 \nMortgage lending income 1.9 2.2 2.3 1.7 2.0 \nOther service charges and fees 1.6 1.5 1.5 1.3 1.3 \nBank owned life insurance 4.2 3.9 3.9 3.9 4.1 \nGain (loss) on sale of securities - - (801.5) - - \nOther income 4.8 12.4 6.1 4.8 8.0 \n -------- ------- -------- ------ ------ \n Total noninterest income $ 44.2 $ 51.7 $(756.2) $ 42.4 $ 46.2 \n ======== ======= ======== ====== ====== \n \nAdjusted noninterest income(1) $ 44.2 $ 51.7 $ 45.9 $ 42.4 $ 46.2 \n \n</pre>\n\n Noninterest Expense \n\n\n 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 expense(1) 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. \n\n<pre style=\"white-space: pre\">\n \nNoninterest Expense \n $ in millions 1Q26 4Q25 3Q25 2Q25 1Q25 \n------------------------------- ------- ------- --------- ------- ------- \nSalaries and employee benefits $ 75.9 $ 72.9 $ 76.2 $ 73.9 $ 74.8 \nOccupancy expense, net 12.2 11.6 12.1 11.8 12.7 \nFurniture and equipment 5.4 5.3 5.3 5.5 5.5 \nDeposit insurance 2.3 4.7 5.2 4.9 5.4 \nOther real estate and \n foreclosure expense 0.3 0.4 0.2 0.2 0.2 \nOther operating expenses 44.5 44.8 43.0 42.3 46.1 \n ------- ------- --------- ------- ------- \n Total noninterest expense $140.7 $139.9 $142.0 $138.6 $144.6 \n ======= ======= ========= ======= ======= \n \nAdjusted salaries and employee \n benefits(1) $ 75.6 $ 72.9 $ 75.9 $ 72.3 $ 74.8 \nAdjusted other operating \n expenses(1) 43.1 44.0 41.5 42.5 45.9 \nAdjusted noninterest expense(1) 140.6 138.6 139.7 136.8 143.6 \nEfficiency ratio 57.56 % 55.52 % (25.11) % 62.82 % 66.94 % \nAdjusted efficiency ratio(1) 56.16 53.64 57.72 60.52 64.75 \nFull-time equivalent employees 2,913 2,917 2,883 2,947 2,949 \nNumber of financial centers 221 222 223 223 222 \n \n</pre>\n\n Loans and Unfunded Loan Commitments \n\n\n 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. \n\n<pre style=\"white-space: pre\">\n \nLoans and Unfunded Loan \nCommitments $ in millions 1Q26 4Q25 3Q25 2Q25 1Q25 \n--------------------------------- ------- ------- ------- ------- ------- \nTotal loans $17,933 $17,492 $17,189 $17,111 $17,094 \nUnfunded loan commitments 4,068 3,871 3,955 3,947 3,888 \n \n</pre>\n\n Deposits and Other Borrowings \n\n\n 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. \n\n\n 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. \n\n<pre style=\"white-space: pre\">\n \nDeposits \n $ in millions 1Q26 4Q25 3Q25 2Q25 1Q25 \n--------------------------------- ------- ------- ------- ------- ------- \nNoninterest bearing deposits $ 4,290 $ 4,330 $ 4,377 $ 4,468 $ 4,455 \nInterest bearing transaction \n accounts 10,667 10,453 10,289 10,532 10,621 \nTime deposits 3,334 3,508 3,331 3,588 3,695 \nBrokered deposits 1,912 1,893 1,841 3,237 2,914 \n ------- ------- ------- ------- ------- \n Total deposits $20,203 $20,184 $19,838 $21,825 $21,684 \n ======= ======= ======= ======= \n \nNoninterest bearing deposits to \n</pre>\n\n<pre style=\"white-space: pre\">\n total deposits 21 % 21 % 22 % 20 % 21 % \nTotal loans to total deposits 89 87 87 78 79 \n \n</pre>\n\n Asset Quality \n\n\n 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. \n\n\n 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. \n\n<pre style=\"white-space: pre\">\n \nAsset Quality \n $ in millions 1Q26 4Q25 3Q25 2Q25 1Q25 \n-------------------------------------- ------ ------ ------ ------ ------ \nAllowance for credit losses on loans \n to total loans 1.28 % 1.28 % 1.50 % 1.48 % 1.48 % \nAllowance for credit losses on loans \n to nonperforming loans 162 199 168 161 165 \nNonperforming loans to total loans 0.79 0.64 0.90 0.92 0.89 \nNet charge-off ratio (annualized) 0.21 1.12 0.25 0.25 0.23 \nNet charge-off ratio YTD (annualized) 0.21 0.47 0.24 0.24 0.23 \n \nTotal nonperforming loans $141.9 $112.7 $153.9 $157.2 $152.3 \nTotal other nonperforming assets 12.6 12.4 6.8 9.5 10.0 \n ------ ------ ------ ------ ------ \n Total nonperforming assets $154.5 $125.1 $160.7 $166.7 $162.3 \n ====== ====== ====== ====== ====== \n \nReserve for unfunded commitments $25.6 $25.6 $25.6 $25.6 $25.6 \n \n</pre>\n\n Capital \n\n\n 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 share(1) 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. \n\n\n 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 assets(1) 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. \n\n<pre style=\"white-space: pre\">\n \nSelect Capital Ratios 1Q26 4Q25 3Q25 2Q25 1Q25 \n-------------------------------------- ------ ------ ------ ------ ------ \nStockholders' equity to total assets 13.9 % 13.9 % 13.9 % 13.3 % 13.2 % \nTangible common equity to tangible \n assets(1) 8.7 8.7 8.5 8.5 8.3 \nCommon equity tier 1 (CET1) ratio 11.6 11.6 11.5 12.4 12.2 \nTier 1 leverage ratio 10.1 10.1 9.6 10.0 9.8 \nTier 1 risk-based capital ratio 11.6 11.6 11.5 12.4 12.2 \nTotal risk-based capital ratio 14.4 14.4 15.1 14.4 14.6 \n \n</pre>\n\n Share Repurchase Program \n\n\n 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. \n\n<pre style=\"white-space: pre\">\n \n___________________________________________ \n(1) Non-GAAP measurement. See \"Non-GAAP Financial Measures\" and \n \"Reconciliation of Non-GAAP Financial Measures\" below \n(2) FTE -- fully taxable equivalent basis using an effective tax rate of \n 26.135% \n(3) In this press release, \"Adjusted Earnings\" may also be referred to as \n \"Adjusted Net Income\" \n \n \n</pre>\n\n Conference Call \n\n\n 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 <a href=\"https://laohu8.com/S/FNLIF\">First National</a> 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. \n\n\n Simmons <a href=\"https://laohu8.com/S/FXNC\">First National</a> Corporation \n\n\n 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 &amp; 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. \n\n\n Non-GAAP Financial Measures \n\n\n 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. \n\n\n\n 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. \n\n\n Forward-Looking Statements \n\n\n 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-<a href=\"https://laohu8.com/S/TKKD.SI\">K</a> 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. \n\n<pre style=\"white-space: pre\">\n \n Simmons First \n National \n Corporation SFNC \n Consolidated End of \n Period Balance \n Sheets \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n --------------- --------------- --------------- --------------- --------------- \n ($ in thousands) \n ASSETS \n Cash and \n noninterest \n bearing balances \n due from banks $ 342,603 $ 380,439 $ 377,604 $ 398,081 $ 423,171 \n Interest bearing \n balances due from \n banks and federal \n funds sold 205,880 331,474 266,013 246,381 211,115 \n --------------- --------------- --------------- --------------- --------------- \n Cash and cash \n equivalents 548,483 711,913 643,617 644,462 634,286 \n Interest bearing \n balances due from \n banks - time 100 100 100 100 100 \n Investment \n securities - \n held-to-maturity - - - 3,591,531 3,615,556 \n Investment \n securities - \n available-for-sale 3,152,286 3,266,221 3,319,277 2,405,320 2,491,849 \n Mortgage loans held \n for sale 14,311 17,438 15,507 16,972 8,351 \n Assets held in \n trading accounts 14,543 11,685 12,695 - - \n Loans: \n Loans 17,932,883 17,492,179 17,188,817 17,111,096 17,094,078 \n Allowance for \n credit losses on \n loans (229,908) (224,377) (258,006) (253,537) (252,168) \n --------------- --------------- --------------- --------------- --------------- \n Net loans 17,702,975 17,267,802 16,930,811 16,857,559 16,841,910 \n Premises and \n equipment 557,873 561,220 568,343 573,160 573,616 \n Foreclosed assets \n and other real \n estate owned 12,475 12,009 6,386 8,794 8,976 \n Interest receivable 101,557 104,062 104,383 120,443 117,398 \n Bank owned life \n insurance 542,486 540,001 539,372 535,481 535,324 \n Goodwill 1,320,799 1,320,799 1,320,799 1,320,799 1,320,799 \n Other intangible \n assets 81,325 84,423 87,520 90,617 93,714 \n Other assets 643,570 643,204 659,352 528,382 551,112 \n --------------- --------------- --------------- --------------- --------------- \n Total assets $ 24,692,783 $ 24,540,877 $ 24,208,162 $ 26,693,620 $ 26,792,991 \n</pre>\n\n<pre style=\"white-space: pre\">\n =============== =============== =============== =============== =============== \n \n LIABILITIES AND \n STOCKHOLDERS' \n EQUITY \n Deposits: \n Noninterest bearing \n transaction \n accounts $ 4,289,697 $ 4,330,211 $ 4,377,232 $ 4,468,237 $ 4,455,255 \n Interest bearing \n transaction \n accounts and \n savings deposits 11,311,979 11,141,169 10,932,914 11,176,791 11,265,554 \n Time deposits 4,601,107 4,712,658 4,527,587 6,179,962 5,963,811 \n --------------- --------------- --------------- --------------- --------------- \n Total \n deposits 20,202,783 20,184,038 19,837,733 21,824,990 21,684,620 \n Federal funds \n purchased and \n securities sold \n under agreements to \n repurchase 8,708 21,383 22,348 31,306 50,133 \n Other borrowings 446,756 302,253 18,832 634,349 884,863 \n Subordinated notes \n and debentures 315,700 317,714 648,976 366,369 366,331 \n Accrued interest \n and other \n liabilities 281,102 296,249 326,310 287,396 275,559 \n --------------- --------------- --------------- --------------- --------------- \n Total liabilities 21,255,049 21,121,637 20,854,199 23,144,410 23,261,506 \n --------------- --------------- --------------- --------------- --------------- \n \n Stockholders' \n equity: \n Common stock 1,451 1,448 1,447 1,260 1,259 \n Surplus 2,848,952 2,846,581 2,848,977 2,518,286 2,515,372 \n Undivided profits 901,696 864,341 817,022 1,410,564 1,382,564 \n Accumulated other \n comprehensive \n (loss) income (314,365) (293,130) (313,483) (380,900) (367,710) \n --------------- --------------- --------------- --------------- --------------- \n Total stockholders' \n equity 3,437,734 3,419,240 3,353,963 3,549,210 3,531,485 \n --------------- --------------- --------------- --------------- --------------- \n Total liabilities \n and stockholders' \n equity $ 24,692,783 $ 24,540,877 $ 24,208,162 $ 26,693,620 $ 26,792,991 \n =============== =============== =============== =============== =============== \n \n \n Simmons First National \n Corporation SFNC \n Consolidated \n Statements of Income - \n Quarter-to-Date \n For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n -------------- -------------- -------------- ------------- ------------- \n($ in thousands, except \n per share data) \n INTEREST INCOME \n Loans (including \n fees) $ 267,287 $ 270,868 $ 269,210 $ 265,373 $ 257,755 \n Interest bearing \n balances due from \n banks and federal \n funds sold 2,320 2,485 6,421 2,531 2,703 \n Investment \n securities 31,882 33,833 37,464 46,898 47,257 \n Mortgage loans held \n for sale 203 227 229 221 122 \n Assets held in \n trading accounts 122 118 99 - - \n -------------- -------------- -------------- ------------- ------------- \n TOTAL \n INTEREST \n INCOME 301,814 307,531 313,423 315,023 307,837 \n -------------- -------------- -------------- ------------- ------------- \n INTEREST EXPENSE \n Time deposits 39,949 41,989 49,064 57,231 62,559 \n Other deposits 57,653 60,516 67,546 69,108 67,895 \n Federal funds \n purchased and \n securities \n sold under \n agreements to \n repurchase 36 57 72 59 113 \n Other borrowings 1,746 2,138 2,957 10,613 7,714 \n Subordinated notes \n and debentures 5,262 5,535 7,123 6,188 6,134 \n -------------- -------------- -------------- ------------- ------------- \n TOTAL \n INTEREST \n EXPENSE 104,646 110,235 126,762 143,199 144,415 \n -------------- -------------- -------------- ------------- ------------- \n NET INTEREST INCOME 197,168 197,296 186,661 171,824 163,422 \n -------------- -------------- -------------- ------------- ------------- \n PROVISION FOR CREDIT \n LOSSES \n Provision for credit \n losses on loans 14,622 15,116 15,180 11,945 26,797 \n Provision for credit \n losses on investment \n securities - HTM - - (3,214) - - \n -------------- -------------- -------------- ------------- ------------- \n TOTAL \n PROVISION \n FOR CREDIT \n LOSSES 14,622 15,116 11,966 11,945 26,797 \n -------------- -------------- -------------- ------------- ------------- \n NET INTEREST INCOME \n AFTER PROVISION \n FOR CREDIT LOSSES 182,546 182,180 174,695 159,879 136,625 \n -------------- -------------- -------------- ------------- ------------- \n NONINTEREST INCOME \n Service charges on \n deposit accounts 12,656 12,669 13,045 12,588 12,635 \n Debit and credit \n card fees 8,503 8,660 8,478 8,567 8,446 \n Wealth management \n fees 10,533 10,337 9,965 9,464 9,629 \n Mortgage lending \n income 1,854 2,232 2,259 1,687 2,013 \n Bank owned life \n insurance income 4,218 3,942 3,943 3,890 4,092 \n Other service \n charges and fees \n (includes insurance \n income) 1,606 1,503 1,474 1,321 1,333 \n Gain (loss) on sale \n of securities - - (801,492) - - \n Other income 4,827 12,365 6,141 4,837 8,007 \n -------------- -------------- -------------- ------------- ------------- \n TOTAL \n NONINTEREST \n INCOME 44,197 51,708 (756,187) 42,354 46,155 \n -------------- -------------- -------------- ------------- ------------- \n NONINTEREST EXPENSE \n Salaries and \n employee benefits 75,885 72,924 76,249 73,862 74,824 \n Occupancy expense, \n net 12,218 11,636 12,106 11,844 12,651 \n Furniture and \n equipment expense 5,423 5,304 5,275 5,474 5,465 \n Other real estate \n and foreclosure \n expense 315 432 200 216 198 \n Deposit insurance 2,295 4,736 5,175 4,917 5,391 \n Other operating \n expenses 44,537 44,830 43,027 42,276 46,051 \n -------------- -------------- -------------- ------------- ------------- \n TOTAL \n NONINTEREST \n EXPENSE 140,673 139,862 142,032 138,589 144,580 \n -------------- -------------- -------------- ------------- ------------- \n NET INCOME (LOSS) \n BEFORE INCOME TAXES 86,070 94,026 (723,524) 63,644 38,200 \n -------------- -------------- -------------- ------------- ------------- \n Provision for income \n taxes 17,526 15,948 (160,732) 8,871 5,812 \n -------------- -------------- -------------- ------------- ------------- \n NET INCOME (LOSS) $ 68,544 $ 78,078 $ (562,792) $ 54,773 $ 32,388 \n ============== ============== ============== ============= ============= \n BASIC EARNINGS PER \n SHARE $ 0.47 $ 0.54 $ (4.01) $ 0.43 $ 0.26 \n ============== ============== ============== ============= ============= \n DILUTED EARNINGS PER \n SHARE $ 0.47 $ 0.54 $ (4.00) $ 0.43 $ 0.26 \n ============== ============== ============== ============= ============= \n \n \n Simmons First National \n</pre>\n\n<pre style=\"white-space: pre\">\n Corporation SFNC \n Consolidated \n Risk-Based \n Capital \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n -------------- -------------- -------------- -------------- -------------- \n ($ in thousands) \nTier 1 capital \n Stockholders' \n equity $ 3,437,734 $ 3,419,240 $ 3,353,963 $ 3,549,210 $ 3,531,485 \n Disallowed \n intangible \n assets, net of \n deferred tax (1,370,562) (1,374,839) (1,376,255) (1,379,104) (1,381,953) \n Unrealized loss \n (gain) on AFS \n securities 314,365 293,130 313,483 380,900 367,710 \n -------------- -------------- -------------- -------------- -------------- \n Total Tier 1 \n capital 2,381,537 2,337,531 2,291,191 2,551,006 2,517,242 \n -------------- -------------- -------------- -------------- -------------- \n \nTier 2 capital \n Subordinated \n notes and \n debentures 315,700 317,714 648,976 366,369 366,331 \n Subordinated \n debt phase \n out - - (198,000) (198,000) (132,000) \n Qualifying \n allowance for \n loan losses \n and \n reserve for \n unfunded \n commitments 255,537 250,006 248,710 258,079 257,769 \n -------------- -------------- -------------- -------------- -------------- \n Total Tier 2 \n capital 571,237 567,720 699,686 426,448 492,100 \n -------------- -------------- -------------- -------------- -------------- \n Total \n risk-based \n capital $ 2,952,774 $ 2,905,251 $ 2,990,877 $ 2,977,454 $ 3,009,342 \n ============== ============== ============== ============== ============== \n \nRisk weighted \n assets $ 20,565,445 $ 20,106,493 $ 19,861,879 $ 20,646,324 $ 20,621,540 \n ============== ============== ============== ============== ============== \n \nAdjusted average \n assets for \n leverage ratio $ 23,487,513 $ 23,224,638 $ 23,963,356 $ 25,606,135 $ 25,619,424 \n ============== ============== ============== ============== ============== \n \nRatios at end of \nquarter \n Equity to \n assets 13.92 % 13.93 % 13.85 % 13.30 % 13.18 % \n Tangible common \n equity to \n tangible \n assets (1) 8.74 % 8.71 % 8.53 % 8.46 % 8.34 % \n Common equity \n Tier 1 ratio \n (CET1) 11.58 % 11.63 % 11.54 % 12.36 % 12.21 % \n Tier 1 leverage \n ratio 10.14 % 10.06 % 9.56 % 9.96 % 9.83 % \n Tier 1 \n risk-based \n capital ratio 11.58 % 11.63 % 11.54 % 12.36 % 12.21 % \n Total \n risk-based \n capital ratio 14.36 % 14.45 % 15.07 % 14.42 % 14.59 % \n \n \n \n(1) Calculations of tangible common equity to tangible assets and the \nreconciliations to GAAP are included in the schedules accompanying this \nrelease. \n \n \n Simmons First National Corporation SFNC \n Consolidated Investment \n Securities \n For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ----------------- ----------------- ----------------- ---------------- ---------------- \n ($ in thousands) \nInvestment Securities - \nEnd of Period \n Held-to-Maturity \n U.S. Government \n agencies $ - $ - $ - $ 457,228 $ 456,545 \n Mortgage-backed \n securities - - - 1,024,313 1,048,170 \n State and political \n subdivisions - - - 1,855,614 1,856,905 \n Other securities - - - 254,376 253,936 \n ----------------- ----------------- ----------------- ---------------- ---------------- \n Total \n held-to-maturity \n (net of credit \n losses) - - - 3,591,531 3,615,556 \n ----------------- ----------------- ----------------- ---------------- ---------------- \n Available-for-Sale \n U.S. Treasury $ - $ - $ - $ 400 $ 699 \n U.S. Government \n agencies 46,329 47,172 48,355 49,498 52,318 \n Mortgage-backed \n securities 2,128,732 2,201,958 2,249,593 1,349,991 1,380,913 \n State and political \n subdivisions 838,880 859,071 845,371 807,842 832,898 \n Other securities 138,345 158,020 175,958 197,589 225,021 \n ----------------- ----------------- ----------------- ---------------- ---------------- \n Total \n available-for-sale \n (net of credit \n losses) 3,152,286 3,266,221 3,319,277 2,405,320 2,491,849 \n ----------------- ----------------- ----------------- ---------------- ---------------- \n Total investment \n securities (net of \n credit losses) $ 3,152,286 $ 3,266,221 $ 3,319,277 $ 5,996,851 $ 6,107,405 \n ================= ================= ================= ================ ================ \n Fair value - HTM \n investment \n securities $ - $ - $ - $ 2,891,974 $ 2,929,625 \n ================= ================= ================= ================ ================ \n \n \n Simmons First National \n Corporation SFNC \n Consolidated \n Loans \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n --------------- --------------- --------------- --------------- --------------- \n ($ in thousands) \nLoan Portfolio - \nEnd of Period \n Consumer: \n Credit cards $ 172,610 $ 175,760 $ 173,020 $ 176,166 $ 179,680 \n Other consumer 96,387 115,472 112,335 123,831 97,198 \n --------------- --------------- --------------- --------------- --------------- \n Total consumer 268,997 291,232 285,355 299,997 276,878 \n Real Estate: \n Construction 2,621,859 2,873,807 2,874,823 2,784,578 2,778,245 \n Single-family \n residential 2,566,162 2,607,450 2,617,849 2,625,717 2,647,451 \n Other \n commercial \n real estate 8,764,648 8,289,968 7,875,649 7,961,412 8,051,304 \n --------------- --------------- --------------- --------------- --------------- \n Total real \n estate 13,952,669 13,771,225 13,368,321 13,371,707 13,477,000 \n Commercial: \n Commercial 2,521,440 2,382,339 2,397,388 2,440,507 2,372,681 \n Agricultural 333,508 306,300 353,181 333,078 264,469 \n --------------- --------------- --------------- --------------- --------------- \n Total commercial 2,854,948 2,688,639 2,750,569 2,773,585 2,637,150 \n Other 856,269 741,083 784,572 665,807 703,050 \n --------------- --------------- --------------- --------------- --------------- \n Total loans $ 17,932,883 $ 17,492,179 $ 17,188,817 $ 17,111,096 $ 17,094,078 \n =============== =============== =============== =============== =============== \n \n \n Simmons First National \n Corporation SFNC \n Consolidated Allowance \n and Asset Quality \n For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ------------ ------------ ------------ ------------ ------------ \n ($ in thousands) \nAllowance for Credit \nLosses on Loans \n Beginning balance $ 224,377 $ 258,006 $ 253,537 $ 252,168 $ 235,019 \n \n Loans charged off: \n Credit cards 1,677 1,346 1,862 1,702 1,460 \n Other consumer 590 550 600 351 1,133 \n Real estate 6,629 25,850 1,350 1,450 4,425 \n</pre>\n\n<pre style=\"white-space: pre\">\n Commercial 1,666 22,004 8,079 8,257 4,243 \n ------------ ------------ ------------ ------------ ------------ \n Total loans \n charged off 10,562 49,750 11,891 11,760 11,261 \n \n Recoveries of loans \n previously charged \n off: \n Credit cards 468 347 257 334 211 \n Other consumer 301 163 303 294 306 \n Real estate 449 105 115 87 99 \n Commercial 253 390 505 469 997 \n ------------ ------------ ------------ ------------ ------------ \n Total recoveries 1,471 1,005 1,180 1,184 1,613 \n ------------ ------------ ------------ ------------ ------------ \n Net loans charged \n off 9,091 48,745 10,711 10,576 9,648 \n Provision for credit \n losses on loans 14,622 15,116 15,180 11,945 26,797 \n ------------ ------------ ------------ ------------ ------------ \n Balance, end of \n quarter $ 229,908 $ 224,377 $ 258,006 $ 253,537 $ 252,168 \n ============ ============ ============ ============ ============ \n \nNonperforming assets \n Nonperforming loans: \n Nonaccrual loans $ 141,233 $ 111,791 $ 153,516 $ 156,453 $ 151,897 \n Loans past due 90 \n days or more 647 948 423 709 494 \n ------------ ------------ ------------ ------------ ------------ \n Total \n nonperforming \n loans 141,880 112,739 153,939 157,162 152,391 \n ------------ ------------ ------------ ------------ ------------ \n Other nonperforming \n assets: \n Foreclosed assets and \n other real estate \n owned 12,475 12,009 6,386 8,794 8,976 \n Other nonperforming \n assets 181 323 392 759 978 \n ------------ ------------ ------------ ------------ ------------ \n Total other \n nonperforming \n assets 12,656 12,332 6,778 9,553 9,954 \n ------------ ------------ ------------ ------------ ------------ \n Total \n nonperforming \n assets $ 154,536 $ 125,071 $ 160,717 $ 166,715 $ 162,345 \n ============ ============ ============ ============ ============ \n \nRatios \n Allowance for credit \n losses on loans to \n total loans 1.28 % 1.28 % 1.50 % 1.48 % 1.48 % \n Allowance for credit \n losses to \n nonperforming loans 162 % 199 % 168 % 161 % 165 % \n Nonperforming loans to \n total loans 0.79 % 0.64 % 0.90 % 0.92 % 0.89 % \n Nonperforming assets \n to total assets 0.63 % 0.51 % 0.66 % 0.62 % 0.61 % \n Annualized net charge \n offs to average loans \n (QTD) 0.21 % 1.12 % 0.25 % 0.25 % 0.23 % \n Annualized net charge \n offs to average loans \n (YTD) 0.21 % 0.47 % 0.24 % 0.24 % 0.23 % \n Annualized net credit \n card charge offs to \n average credit card \n loans (QTD) 2.81 % 2.23 % 3.64 % 2.99 % 2.72 % \n \n \n Simmons First National Corporation SFNC \n Consolidated - Average Balance Sheet and Net Interest \n Income Analysis \n For the Quarters \n Ended \n (Unaudited) \n Three Months Ended Three Months Ended Three Months Ended \n Mar 2026 Dec 2025 Mar 2025 \n ------------------------------------- ------------------------------------ ------------------------------------ \n Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/ \n ($ in thousands) Balance Expense Rate Balance Expense Rate Balance Expense Rate \n --------------- ------------ ------ --------------- ----------- ------ --------------- ----------- ------ \nASSETS \nEarning assets: \n Interest bearing \n balances due from \n banks \n and federal \n funds sold $ 251,620 $ 2,320 3.74 % $ 232,046 $ 2,485 4.25 % $ 241,021 $ 2,703 4.55 % \n Investment \n securities - \n taxable 2,408,546 26,311 4.43 % 2,490,444 28,235 4.50 % 3,540,559 31,584 3.62 % \n Investment \n securities - \n non-taxable \n (FTE) 820,278 7,542 3.73 % 810,597 7,578 3.71 % 2,608,070 21,217 3.30 % \n Mortgage loans \n held for sale 13,800 203 5.97 % 15,738 227 5.72 % 8,142 122 6.08 % \n Assets held in \n trading \n accounts 13,748 122 3.60 % 12,534 118 3.74 % - - 0.00 % \n Loans - including \n fees (FTE) 17,658,807 268,328 6.16 % 17,295,415 271,778 6.23 % 16,920,050 258,625 6.20 % \n --------------- ------------ ------ --------------- ----------- ------ --------------- ----------- ------ \n Total interest \n earning \n assets (FTE) 21,166,799 304,826 5.84 % 20,856,774 310,421 5.90 % 23,317,842 314,251 5.47 % \n Non-earning \n assets 3,366,206 3,397,673 3,360,786 \n --------------- --------------- --------------- \n Total assets $ 24,533,005 $ 24,254,447 $ 26,678,628 \n =============== =============== =============== \n \nLIABILITIES AND STOCKHOLDERS' EQUITY \nInterest bearing \nliabilities: \n Interest bearing \n transaction and \n savings \n accounts $ 11,328,148 $ 57,653 2.06 % $ 10,971,959 $ 60,516 2.19 % $ 11,177,550 $ 67,895 2.46 % \n Time deposits 4,678,058 39,949 3.46 % 4,573,502 41,989 3.64 % 6,160,429 62,559 4.12 % \n --------------- ------------ ------ --------------- ----------- ------ --------------- ----------- ------ \n Total interest \n bearing \n deposits 16,006,206 97,602 2.47 % 15,545,461 102,505 2.62 % 17,337,979 130,454 3.05 % \n Federal funds \n purchased and \n securities \n sold under \n agreement to \n repurchase 17,743 36 0.82 % 20,990 57 1.08 % 39,797 113 1.15 % \n Other borrowings 192,345 1,746 3.68 % 217,996 2,138 3.89 % 706,402 7,714 4.43 % \n Subordinated \n notes and \n debentures 318,635 5,262 6.70 % 319,162 5,535 6.88 % 366,312 6,134 6.79 % \n --------------- ------------ ------ --------------- ----------- ------ --------------- ----------- ------ \n Total interest \n bearing \n liabilities 16,534,929 104,646 2.57 % 16,103,609 110,235 2.72 % 18,450,490 144,415 3.17 % \n ------------ ------ ----------- ------ ----------- ------ \nNoninterest bearing \nliabilities: \n Noninterest \n bearing \n deposits 4,229,952 4,412,009 4,342,948 \n Other liabilities 297,864 328,812 320,721 \n --------------- --------------- --------------- \n Total \n liabilities 21,062,745 20,844,430 23,114,159 \nStockholders' \n equity 3,470,260 3,410,017 3,564,469 \n --------------- --------------- --------------- \n Total \n liabilities \n and \n stockholders' \n equity $ 24,533,005 $ 24,254,447 $ 26,678,628 \n =============== =============== =============== \nNet interest income \n (FTE) $ 200,180 $ 200,186 $ 169,836 \n ============ =========== =========== \nNet interest spread \n (FTE) 3.27 % 3.18 % 2.30 % \n ====== ====== ====== \nNet interest margin \n</pre>\n\n<pre style=\"white-space: pre\">\n (FTE) 3.84 % 3.81 % 2.95 % \n ====== ====== ====== \n \n \n Simmons First \n National \n Corporation SFNC \n Consolidated - \n Selected \n Financial Data \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ----------------- ----------------- ----------------- ----------------- ----------------- \n ($ in thousands, \n except share \n data) \nQUARTER-TO-DATE \n----------------- \nFinancial \nHighlights - As \nReported \n----------------- \nNet Income (loss) $ 68,544 $ 78,078 $ (562,792) $ 54,773 $ 32,388 \nDiluted earnings \n per share 0.47 0.54 (4.00) 0.43 0.26 \nReturn on average \n assets 1.13 % 1.28 % -8.96 % 0.82 % 0.49 % \nReturn on average \n tangible assets \n (non-GAAP) (1) 1.24 % 1.40 % -9.46 % 0.91 % 0.56 % \nReturn on average \n common equity 8.01 % 9.08 % -66.29 % 6.20 % 3.69 % \nReturn on \n tangible common \n equity \n (non-GAAP) (1) 13.90 % 15.92 % -113.56 % 10.73 % 6.61 % \nNet interest \n margin (FTE) 3.84 % 3.81 % 3.50 % 3.06 % 2.95 % \nEfficiency ratio \n (2) 57.56 % 55.52 % -25.11 % 62.82 % 66.94 % \nFTE adjustment 3,012 2,890 3,811 6,422 6,414 \nAverage diluted \n shares \n outstanding 145,340,410 145,210,222 140,648,704 126,406,453 126,336,557 \nCash dividends \n declared per \n common share 0.215 0.213 0.213 0.213 0.213 \nAccretable yield \n on acquired \n loans 902 749 725 1,263 1,084 \nFinancial \nHighlights - \nAdjusted \n(non-GAAP) (1) \n----------------- \nAdjusted earnings $ 68,566 $ 78,975 $ 64,930 $ 56,071 $ 33,122 \nAdjusted diluted \n earnings per \n share 0.47 0.54 0.46 0.44 0.26 \nAdjusted return \n on average \n assets 1.13 % 1.29 % 1.03 % 0.84 % 0.50 % \nAdjusted return \n on average \n tangible assets \n (non-GAAP) (1) 1.24 % 1.41 % 1.13 % 0.93 % 0.57 % \nAdjusted return \n on average \n common equity 8.01 % 9.19 % 7.65 % 6.34 % 3.77 % \nAdjusted return \n on tangible \n common equity 13.91 % 16.10 % 13.62 % 10.97 % 6.75 % \nAdjusted \n efficiency ratio \n (2) 56.16 % 53.64 % 57.72 % 60.52 % 64.75 % \nYEAR-TO-DATE \n----------------- \nFinancial \nHighlights - \nGAAP \n----------------- \nNet Income (loss) $ 68,544 $ (397,553) $ (475,631) $ 87,161 $ 32,388 \nDiluted earnings \n per share 0.47 (2.95) (3.63) 0.69 0.26 \nReturn on average \n assets 1.13 % -1.55 % -2.44 % 0.66 % 0.49 % \nReturn on average \n tangible assets \n (non-GAAP) (1) 1.24 % -1.60 % -2.54 % 0.74 % 0.56 % \nReturn on average \n common equity 8.01 % -11.45 % -18.21 % 4.94 % 3.69 % \nReturn on \n tangible common \n equity \n (non-GAAP) (1) 13.90 % -18.84 % -30.13 % 8.67 % 6.61 % \nNet interest \n margin (FTE) 3.84 % 3.32 % 3.17 % 3.01 % 2.95 % \nEfficiency ratio \n (2) 57.56 % 460.26 % -329.30 % 64.86 % 66.94 % \nFTE adjustment 3,012 19,537 16,647 12,836 6,414 \nAverage diluted \n shares \n outstanding 145,340,410 134,731,180 131,132,891 126,325,650 126,336,557 \nCash dividends \n declared per \n common share 0.215 0.850 0.638 0.425 0.213 \nFinancial \nHighlights - \nAdjusted \n(non-GAAP) (1) \n----------------- \nAdjusted earnings $ 68,566 $ 233,098 $ 154,123 $ 89,193 $ 33,122 \nAdjusted diluted \n earnings per \n share 0.47 1.73 1.18 0.71 0.26 \nAdjusted return \n on average \n assets 1.13 % 0.91 % 0.79 % 0.67 % 0.50 % \nAdjusted return \n on average \n tangible assets \n (non-GAAP) (1) 1.24 % 1.00 % 0.87 % 0.75 % 0.57 % \nAdjusted return \n on average \n common equity 8.01 % 6.71 % 5.90 % 5.06 % 3.77 % \nAdjusted return \n on tangible \n common equity 13.91 % 11.78 % 10.37 % 8.86 % 6.75 % \nAdjusted \n efficiency ratio \n (2) 56.16 % 58.92 % 60.90 % 62.62 % 64.75 % \nEND OF PERIOD \n----------------- \nBook value per \n share $ 23.70 $ 23.62 $ 23.18 $ 28.17 $ 28.04 \nTangible book \n value per share 14.03 13.91 13.45 16.97 16.81 \nShares \n outstanding 145,058,331 144,762,817 144,703,075 125,996,248 125,926,822 \nFull-time \n equivalent \n employees 2,913 2,917 2,883 2,947 2,949 \nTotal number of \n financial \n centers 221 222 223 223 222 \n \n \n \n(1) Non-GAAP measurement that management believes aids in the understanding \nand discussion of results. Reconciliations to GAAP are included in the \nschedules accompanying this release. \n(2) Efficiency ratio is noninterest expense as a percent of net interest \nincome (fully taxable equivalent) and noninterest revenues. Adjusted \nefficiency ratio is noninterest expense before foreclosed property expense, \namortization of intangibles and certain adjusting items as a percent of net \ninterest income (fully taxable equivalent) and noninterest revenues, excluding \ngains and losses from securities transactions and certain adjusting items, and \nis a non-GAAP measurement. \n \n \n \n Simmons First \n National \n Corporation SFNC \n Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - \n Quarter-to-Date \n For the \n Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ---------------- ---------------- ---------------- ---------------- ---------------- \n (in thousands, \n except per \n share data) \nQUARTER-TO-DATE \n---------------- \n Net income \n (loss) $ 68,544 $ 78,078 $ (562,792) $ 54,773 $ 32,388 \nCertain items \n(non-GAAP) \nLoss on early \n extinguishment \n of debt - - 570 - - \nFDIC Deposit \n Insurance \n special \n assessment (1,984) - - - - \nProfessional \n services 1,200 - - - - \nEarly retirement \n program 283 - 305 1,594 - \nTermination of \n vendor and \n software \n services - 12 - - - \nLoss on sale of \n Equipment \n Finance \n business - 1,118 - - - \nLoss (gain) on \n sale of \n securities - - 801,492 - - \nBranch right \n sizing (net) 531 85 2,004 163 994 \nTax effect of \n certain items \n (1) (8) (318) (176,649) (459) (260) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Certain \n items, net \n of tax 22 897 627,722 1,298 734 \n ---------------- ---------------- ---------------- ---------------- ---------------- \nAdjusted \n earnings \n (non-GAAP) (2) $ 68,566 $ 78,975 $ 64,930 $ 56,071 $ 33,122 \n</pre>\n\n<pre style=\"white-space: pre\">\n ================ ================ ================ ================ ================ \n \n Diluted \n earnings per \n share $ 0.47 $ 0.54 $ (4.00) $ 0.43 $ 0.26 \nCertain items \n(non-GAAP) \nLoss on early \nextinguishment \nof debt - - - - - \nFDIC Deposit \n Insurance \n special \n assessment (0.01) - - - - \nProfessional \n services 0.01 - - - - \nEarly retirement \n program - - - 0.01 - \nTermination of \nvendor and \nsoftware \nservices - - - - - \nLoss on sale of \n Equipment \n Finance \n business - 0.01 - - - \nLoss (gain) on \n sale of \n securities - - 5.70 - - \nBranch right \n sizing (net) - - 0.01 - - \nTax effect of \n certain items \n (1) - (0.01) (1.25) - - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Certain \n items, net \n of tax - - 4.46 0.01 - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n diluted \n earnings per \n share \n (non-GAAP) $ 0.47 $ 0.54 $ 0.46 $ 0.44 $ 0.26 \n ================ ================ ================ ================ ================ \n \n (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. \n Effective rate of 26.135% on all other items \n (2) In this press release, \"Adjusted Earnings\" may also be referred \n to as \"Adjusted Net Income.\" \n \nReconciliation of Certain \nNoninterest Income and Expense \nItems (non-GAAP) \n \nQUARTER-TO-DATE \n---------------- \n Noninterest \n income $ 44,197 $ 51,708 $ (756,187) $ 42,354 $ 46,155 \nCertain \nnoninterest \nincome items \nLoss on early \n extinguishment \n of debt - - 570 - - \nLoss (gain) on \n sale of \n securities - - 801,492 - - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n noninterest \n income \n (non-GAAP) $ 44,197 $ 51,708 $ 45,875 $ 42,354 $ 46,155 \n ================ ================ ================ ================ ================ \n \n Other income $ 4,827 $ 12,365 $ 6,141 $ 4,837 $ 8,007 \nCertain other \nincome items \nLoss on early \n extinguishment \n of debt - - 570 - - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n other income \n (non-GAAP) $ 4,827 $ 12,365 $ 6,711 $ 4,837 $ 8,007 \n ================ ================ ================ ================ ================ \n \n Noninterest \n expense $ 140,673 $ 139,862 $ 142,032 $ 138,589 $ 144,580 \nCertain \nnoninterest \nexpense items \nEarly retirement \n program (283) - (305) (1,594) - \nFDIC Deposit \n Insurance \n special \n assessment 1,984 - - - - \nProfessional \n services (1,200) - - - - \nTermination of \n vendor and \n software \n services - (12) - - - \nLoss on sale of \n Equipment \n Finance \n business - (1,118) - - - \nBranch right \n sizing expense (531) (85) (2,004) (163) (994) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n noninterest \n expense \n (non-GAAP) 140,643 138,647 139,723 136,832 143,586 \n Less: Fraud \n event - - - - (4,300) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n noninterest \n expense, \n excluding \n fraud event \n (non-GAAP) $ 140,643 $ 138,647 $ 139,723 $ 136,832 $ 139,286 \n ================ ================ ================ ================ ================ \n \n Salaries and \n employee \n benefits $ 75,885 $ 72,924 $ 76,249 $ 73,862 $ 74,824 \nCertain salaries \nand employee \nbenefits items \nEarly retirement \n program (283) - (305) (1,594) - \nOther - - (1) 1 - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n salaries and \n employee \n benefits \n (non-GAAP) $ 75,602 $ 72,924 $ 75,943 $ 72,269 $ 74,824 \n ================ ================ ================ ================ ================ \n \n Other \n operating \n expenses $ 44,537 $ 44,830 $ 43,027 $ 42,276 $ 46,051 \nCertain other \noperating \nexpenses items \nProfessional \n services (1,200) - - - - \nTermination of \n vendor and \n software \n services - (12) - - - \nLoss on sale of \n Equipment \n Finance \n business - (1,118) - - - \nBranch right \n sizing expense (205) 327 (1,556) 255 (161) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n other \n operating \n expenses \n (non-GAAP) $ 43,132 $ 44,027 $ 41,471 $ 42,531 $ 45,890 \n ================ ================ ================ ================ ================ \n \n \n Simmons First \n National \n Corporation SFNC \n Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - \n Year-to-Date \n For the \n Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ---------------- ---------------- ---------------- ---------------- ---------------- \n (in thousands, \n except per \n share data) \nYEAR-TO-DATE \n---------------- \n Net income \n (loss) $ 68,544 $ (397,553) $ (475,631) $ 87,161 $ 32,388 \nCertain items \n(non-GAAP) \nLoss on early \n extinguishment \n of debt - 570 570 - - \nFDIC Deposit \n Insurance \n special \n assessment (1,984) - - - - \nProfessional \n services 1,200 - - - - \nEarly retirement \n program 283 1,899 1,899 1,594 - \nTermination of \n vendor and \n software \n services - 12 - - - \nLoss on sale of \n Equipment \n Finance \n business - 1,118 - - - \nLoss (gain) on \n sale of \n securities - 801,492 801,492 - - \nBranch right \n sizing (net) 531 3,246 3,161 1,157 994 \nTax effect of \n certain items \n (1) (8) (177,686) (177,368) (719) (260) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Certain \n items, net \n of tax 22 630,651 629,754 2,032 734 \n ---------------- ---------------- ---------------- ---------------- ---------------- \nAdjusted \n earnings \n (non-GAAP) (2) $ 68,566 $ 233,098 $ 154,123 $ 89,193 $ 33,122 \n ================ ================ ================ ================ ================ \n \n Diluted \n earnings per \n</pre>\n\n<pre style=\"white-space: pre\">\n share $ 0.47 $ (2.95) $ (3.63) $ 0.69 $ 0.26 \nCertain items \n(non-GAAP) \nLoss on early \n extinguishment \n of debt - 0.01 - - - \nFDIC Deposit \n Insurance \n special \n assessment (0.01) - - - - \nProfessional \n services 0.01 - - - - \nEarly retirement \n program - 0.01 0.02 0.01 - \nTermination of \nvendor and \nsoftware \nservices - - - - - \nLoss on sale of \n Equipment \n Finance \n business - 0.01 - - - \nLoss (gain) on \n sale of \n securities - 5.95 6.11 - - \nBranch right \n sizing (net) - 0.02 0.02 0.01 - \nTax effect of \n certain items \n (1) - (1.32) (1.34) - - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Certain \n items, net \n of tax - 4.68 4.81 0.02 - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n diluted \n earnings per \n share \n (non-GAAP) $ 0.47 $ 1.73 $ 1.18 $ 0.71 $ 0.26 \n ================ ================ ================ ================ ================ \n \n (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. \n Effective rate of 26.135% on all other items \n (2) In this press release, \"Adjusted Earnings\" may also be referred \n to as \"Adjusted Net Income.\" \n \nReconciliation of Certain \nNoninterest Income and Expense \nItems (non-GAAP) \n \nYEAR-TO-DATE \n---------------- \n Noninterest \n income $ 44,197 $ (615,970) $ (667,678) $ 88,509 $ 46,155 \nCertain \nnoninterest \nincome items \nLoss on early \n extinguishment \n of debt - 570 570 - - \nLoss (gain) on \n sale of \n securities - 801,492 801,492 - - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n noninterest \n income \n (non-GAAP) $ 44,197 $ 186,092 $ 134,384 $ 88,509 $ 46,155 \n ================ ================ ================ ================ ================ \n \n Other income $ 4,827 $ 31,350 $ 18,985 $ 12,844 $ 8,007 \nCertain other \nincome items \nLoss on early \n extinguishment \n of debt - 570 570 - - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n other income \n (non-GAAP) $ 4,827 $ 31,920 $ 19,555 $ 12,844 $ 8,007 \n ================ ================ ================ ================ ================ \n \n Noninterest \n expense $ 140,673 $ 565,063 $ 425,201 $ 283,169 $ 144,580 \nCertain \nnoninterest \nexpense items \nEarly retirement \n program (283) (1,899) (1,899) (1,594) - \nFDIC Deposit \n Insurance \n special \n assessment 1,984 - - - - \nProfessional \n services (1,200) - - - - \nTermination of \n vendor and \n software \n services - (12) - - - \nLoss on sale of \n Equipment \n Finance \n business - (1,118) - - - \nBranch right \n sizing expense (531) (3,246) (3,161) (1,157) (994) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n noninterest \n expense \n (non-GAAP) 140,643 558,788 420,141 280,418 143,586 \n Less: Fraud \n event - (4,300) (4,300) (4,300) (4,300) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n noninterest \n expense, \n excluding \n fraud event \n (non-GAAP) $ 140,643 $ 554,488 $ 415,841 $ 276,118 $ 139,286 \n ================ ================ ================ ================ ================ \n \n Salaries and \n employee \n benefits $ 75,885 $ 297,859 $ 224,935 $ 148,686 $ 74,824 \nCertain salaries \nand employee \nbenefits items \nEarly retirement \n program (283) (1,899) (1,899) (1,594) - \nOther - - - 1 - \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n salaries and \n employee \n benefits \n (non-GAAP) $ 75,602 $ 295,960 $ 223,036 $ 147,093 $ 74,824 \n ================ ================ ================ ================ ================ \n \n Other \n operating \n expenses $ 44,537 $ 176,184 $ 131,354 $ 88,327 $ 46,051 \nCertain other \noperating \nexpenses items \nProfessional \n services (1,200) - - - - \nTermination of \n vendor and \n software \n services - (12) - - - \nLoss on sale of \n Equipment \n Finance \n business - (1,118) - - - \nBranch right \n sizing expense (205) (1,135) (1,462) 94 (161) \n ---------------- ---------------- ---------------- ---------------- ---------------- \n Adjusted \n other \n operating \n expenses \n (non-GAAP) $ 43,132 $ 173,919 $ 129,892 $ 88,421 $ 45,890 \n ================ ================ ================ ================ ================ \n \n \nSimmons First \nNational \nCorporation SFNC \n Reconciliation Of Non-GAAP Financial \n Measures - End of Period \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ----------------- ----------------- ----------------- ----------------- ----------------- \n ($ in thousands, \n except per share \n data) \n \nCalculation of Tangible Common Equity and the Ratio of Tangible Common \nEquity to Tangible Assets \n \nTotal common \n stockholders' \n equity $ 3,437,734 $ 3,419,240 $ 3,353,963 $ 3,549,210 $ 3,531,485 \nIntangible assets: \n Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) \n Other intangible \n assets (81,325) (84,423) (87,520) (90,617) (93,714) \n ----------------- ----------------- ----------------- ----------------- ----------------- \nTotal intangibles (1,402,124) (1,405,222) (1,408,319) (1,411,416) (1,414,513) \n ----------------- ----------------- ----------------- ----------------- ----------------- \nTangible common \n stockholders' \n equity $ 2,035,610 $ 2,014,018 $ 1,945,644 $ 2,137,794 $ 2,116,972 \n ================= ================= ================= ================= ================= \n \nTotal assets $ 24,692,783 $ 24,540,877 $ 24,208,162 $ 26,693,620 $ 26,792,991 \nIntangible assets: \n Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) \n Other intangible \n assets (81,325) (84,423) (87,520) (90,617) (93,714) \n ----------------- ----------------- ----------------- ----------------- ----------------- \nTotal intangibles (1,402,124) (1,405,222) (1,408,319) (1,411,416) (1,414,513) \n ----------------- ----------------- ----------------- ----------------- ----------------- \nTangible assets $ 23,290,659 $ 23,135,655 $ 22,799,843 $ 25,282,204 $ 25,378,478 \n ================= ================= ================= ================= ================= \n \nRatio of common \n</pre>\n\n<pre style=\"white-space: pre\">\n equity to assets 13.92 % 13.93 % 13.85 % 13.30 % 13.18 % \n ================= ================= ================= ================= ================= \nRatio of tangible \n common equity to \n tangible assets 8.74 % 8.71 % 8.53 % 8.46 % 8.34 % \n ================= ================= ================= ================= ================= \n \nCalculation of \nTangible Book Value \nper Share \n \nTotal common \n stockholders' \n equity $ 3,437,734 $ 3,419,240 $ 3,353,963 $ 3,549,210 $ 3,531,485 \nIntangible assets: \n Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) \n Other intangible \n assets (81,325) (84,423) (87,520) (90,617) (93,714) \n ----------------- ----------------- ----------------- ----------------- ----------------- \nTotal intangibles (1,402,124) (1,405,222) (1,408,319) (1,411,416) (1,414,513) \n ----------------- ----------------- ----------------- ----------------- ----------------- \nTangible common \n stockholders' \n equity $ 2,035,610 $ 2,014,018 $ 1,945,644 $ 2,137,794 $ 2,116,972 \n ================= ================= ================= ================= ================= \nShares of common \n stock outstanding 145,058,331 144,762,817 144,703,075 125,996,248 125,926,822 \n ================= ================= ================= ================= ================= \nBook value per \n common share $ 23.70 $ 23.62 $ 23.18 $ 28.17 $ 28.04 \n ================= ================= ================= ================= ================= \nTangible book value \n per common share $ 14.03 $ 13.91 $ 13.45 $ 16.97 $ 16.81 \n ================= ================= ================= ================= ================= \n \nCalculation of Coverage Ratio of \nUninsured, Non-Collateralized \nDeposits \n \nUninsured deposits \n at Simmons Bank $ 7,385,688 $ 9,640,677 $ 9,565,766 $ 8,407,847 $ 8,614,833 \nLess: \n Collateralized \n deposits \n (excluding portion \n that is FDIC \n insured) 2,509,728 2,363,327 2,169,362 2,691,215 3,005,328 \nLess: Intercompany \n eliminations 432,795 2,729,191 2,937,147 1,121,932 1,073,500 \n ----------------- ----------------- ----------------- ----------------- ----------------- \nTotal uninsured, \n non-collateralized \n deposits $ 4,443,165 $ 4,548,159 $ 4,459,257 $ 4,594,700 $ 4,536,005 \n ================= ================= ================= ================= ================= \n \nFHLB borrowing \n availability $ 5,831,000 $ 5,999,000 $ 6,134,000 $ 5,133,000 $ 4,432,000 \nUnpledged \n securities 1,571,000 1,480,000 1,575,000 3,697,000 4,197,000 \nFed funds lines, \nFed discount window \nand \n Bank Term Funding \n Program (1) 1,595,000 1,836,000 1,824,000 1,894,000 1,780,000 \n ----------------- ----------------- ----------------- ----------------- ----------------- \nAdditional \n liquidity sources $ 8,997,000 $ 9,315,000 $ 9,533,000 $ 10,724,000 $ 10,409,000 \n ================= ================= ================= ================= ================= \n \nUninsured, \n non-collateralized \n deposit coverage \n ratio 2.0 2.0 2.1 2.3 2.3 \n ================= ================= ================= ================= ================= \n \n \n \n (1) The Bank Term Funding Program closed for new loans on March 11, 2024. At \n no time did Simmons borrow funds under this program. \n \n \nSimmons First \nNational \nCorporation SFNC \n Reconciliation Of Non-GAAP Financial \n Measures - Quarter-to-Date \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ------------------- ------------------- ------------------- ------------------- ------------------- \n ($ in thousands) \nCalculation of Adjusted Return on \nAverage Assets &amp; Average Tangible \nAssets \n \nNet income (loss) $ 68,544 $ 78,078 $ (562,792) $ 54,773 $ 32,388 \nAmortization of \n intangibles, net \n of taxes 2,288 2,288 2,287 2,289 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal adjusted \n tangible net \n income \n (non-GAAP) $ 70,832 $ 80,366 $ (560,505) $ 57,062 $ 34,993 \n =================== =================== =================== =================== =================== \nCertain items \n(non-GAAP) \nLoss on early \n extinguishment \n of debt - - 570 - - \nFDIC Deposit \n Insurance \n special \n assessment (1,984) - - - - \nProfessional \n services 1,200 - - - - \nEarly retirement \n program 283 - 305 1,594 - \nTermination of \n vendor and \n software \n services - 12 - - - \nLoss on sale of \n Equipment \n Finance \n business - 1,118 - - - \nLoss (gain) on \n sale of \n securities - - 801,492 - - \nBranch right \n sizing (net) 531 85 2,004 163 994 \nTax effect of \n certain items \n (1) (8) (318) (176,649) (459) (260) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAdjusted earnings \n (non-GAAP) 68,566 78,975 64,930 56,071 33,122 \nAmortization of \n intangibles, net \n of taxes 2,288 2,288 2,287 2,289 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal adjusted \n tangible net \n income \n (non-GAAP) $ 70,854 $ 81,263 $ 67,217 $ 58,360 $ 35,727 \n =================== =================== =================== =================== =================== \n \nAverage total \n assets $ 24,533,005 $ 24,254,447 $ 24,914,922 $ 26,645,131 $ 26,678,628 \nAverage \nintangible \nassets: \n Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) \n Other \n intangibles (83,248) (86,206) (89,349) (92,432) (95,787) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal average \n intangibles (1,404,047) (1,407,005) (1,410,148) (1,413,231) (1,416,586) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAverage tangible \n assets \n (non-GAAP) $ 23,128,958 $ 22,847,442 $ 23,504,774 $ 25,231,900 $ 25,262,042 \n =================== =================== =================== =================== =================== \n \nReturn on average \n assets 1.13 % 1.28 % -8.96 % 0.82 % 0.49 % \n =================== =================== =================== =================== =================== \nAdjusted return \n on average \n assets \n (non-GAAP) 1.13 % 1.29 % 1.03 % 0.84 % 0.50 % \n =================== =================== =================== =================== =================== \nReturn on average \n tangible assets \n (non-GAAP) 1.24 % 1.40 % -9.46 % 0.91 % 0.56 % \n =================== =================== =================== =================== =================== \nAdjusted return \n on average \n tangible assets \n</pre>\n\n<pre style=\"white-space: pre\">\n (non-GAAP) 1.24 % 1.41 % 1.13 % 0.93 % 0.57 % \n =================== =================== =================== =================== =================== \n \nCalculation of \nReturn on \nTangible Common \nEquity \n \nNet income \n (loss) available \n to common \n stockholders $ 68,544 $ 78,078 $ (562,792) $ 54,773 $ 32,388 \nAmortization of \n intangibles, net \n of taxes 2,288 2,288 2,287 2,289 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal income \n available to \n common \n stockholders $ 70,832 $ 80,366 $ (560,505) $ 57,062 $ 34,993 \n =================== =================== =================== =================== =================== \nCertain items \n(non-GAAP) \nLoss on early \n extinguishment \n of debt - - 570 - - \nFDIC Deposit \n Insurance \n special \n assessment (1,984) - - - - \nProfessional \n services 1,200 - - - - \nEarly retirement \n program 283 - 305 1,594 - \nTermination of \n vendor and \n software \n services - 12 - - - \nLoss on sale of \n Equipment \n Finance \n business - 1,118 - - - \nLoss (gain) on \n sale of \n securities - - 801,492 - - \nBranch right \n sizing (net) 531 85 2,004 163 994 \nTax effect of \n certain items \n (1) (8) (318) (176,649) (459) (260) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAdjusted earnings \n (non-GAAP) 68,566 78,975 64,930 56,071 33,122 \nAmortization of \n intangibles, net \n of taxes 2,288 2,288 2,287 2,289 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal adjusted \n earnings \n available to \n common \n stockholders \n (non-GAAP) $ 70,854 $ 81,263 $ 67,217 $ 58,360 $ 35,727 \n =================== =================== =================== =================== =================== \n \nAverage common \n stockholders' \n equity $ 3,470,260 $ 3,410,017 $ 3,368,308 $ 3,546,163 $ 3,564,469 \nAverage \nintangible \nassets: \n Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) \n Other \n intangibles (83,248) (86,206) (89,349) (92,432) (95,787) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal average \n intangibles (1,404,047) (1,407,005) (1,410,148) (1,413,231) (1,416,586) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAverage tangible \n common \n stockholders' \n equity \n (non-GAAP) $ 2,066,213 $ 2,003,012 $ 1,958,160 $ 2,132,932 $ 2,147,883 \n =================== =================== =================== =================== =================== \n \nReturn on average \n common equity 8.01 % 9.08 % -66.29 % 6.20 % 3.69 % \n =================== =================== =================== =================== =================== \nReturn on \n tangible common \n equity 13.90 % 15.92 % -113.56 % 10.73 % 6.61 % \n =================== =================== =================== =================== =================== \nAdjusted return \n on average \n common equity \n (non-GAAP) 8.01 % 9.19 % 7.65 % 6.34 % 3.77 % \n =================== =================== =================== =================== =================== \nAdjusted return \n on tangible \n common equity \n (non-GAAP) 13.91 % 16.10 % 13.62 % 10.97 % 6.75 % \n =================== =================== =================== =================== =================== \n \n \n \n (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective \n rate of 26.135% on all other items. \n \n \nSimmons First \nNational \nCorporation SFNC \n Reconciliation Of Non-GAAP Financial Measures - \n Quarter-to-Date (continued) \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ------------------ ------------------ ------------------- ------------------- ------------------- \n ($ in thousands) \nCalculation of \nEfficiency Ratio \nand Adjusted \nEfficiency \nRatio (1) \n \nNoninterest \n expense \n (efficiency ratio \n numerator) $ 140,673 $ 139,862 $ 142,032 $ 138,589 $ 144,580 \nCertain \nnoninterest \nexpense items \n(non-GAAP) \nEarly retirement \n program (283) - (305) (1,594) - \nFDIC Deposit \n Insurance special \n assessment 1,984 - - - - \nProfessional \n services (1,200) - - - - \nTermination of \n vendor and \n software \n services - (12) - - - \nLoss on sale of \n Equipment Finance \n business - (1,118) - - - \nBranch right \n sizing expense (531) (85) (2,004) (163) (994) \nOther real estate \n and foreclosure \n expense \n adjustment (315) (432) (200) (216) (198) \nAmortization of \n intangibles \n adjustment (3,097) (3,097) (3,097) (3,098) (3,527) \n ------------------ ------------------ ------------------- ------------------- ------------------- \nAdjusted \n efficiency ratio \n numerator $ 137,231 $ 135,118 $ 136,426 $ 133,518 $ 139,861 \n ================== ================== =================== =================== =================== \n \nNet interest \n income $ 197,168 $ 197,296 $ 186,661 $ 171,824 $ 163,422 \nNoninterest income 44,197 51,708 (756,187) 42,354 46,155 \nFully \n tax-equivalent \n adjustment (2) 3,012 2,890 3,811 6,422 6,414 \n ------------------ ------------------ ------------------- ------------------- ------------------- \nEfficiency ratio \n denominator 244,377 251,894 (565,715) 220,600 215,991 \nCertain \nnoninterest income \nitems (non-GAAP) \nLoss on early \n extinguishment of \n debt - - 570 - - \n(Gain) loss on \n sale of \n securities - - 801,492 - - \n ------------------ ------------------ ------------------- ------------------- ------------------- \nAdjusted \n efficiency ratio \n denominator $ 244,377 $ 251,894 $ 236,347 $ 220,600 $ 215,991 \n ================== ================== =================== =================== =================== \n \nEfficiency \n ratio (1) 57.56 % 55.52 % -25.11 % 62.82 % 66.94 % \n ================== ================== =================== =================== =================== \nAdjusted \n efficiency ratio \n (non-GAAP) (1) 56.16 % 53.64 % 57.72 % 60.52 % 64.75 % \n ================== ================== =================== =================== =================== \n \nCalculation of \n</pre>\n\n<pre style=\"white-space: pre\">\nTotal Revenue and \nAdjusted Total \nRevenue \n \nNet interest \n income $ 197,168 $ 197,296 $ 186,661 $ 171,824 $ 163,422 \nNoninterest income 44,197 51,708 (756,187) 42,354 46,155 \n ------------------ ------------------ ------------------- ------------------- ------------------- \nTotal revenue 241,365 249,004 (569,526) 214,178 209,577 \nCertain items, \npre-tax \n(non-GAAP) \nPlus: Loss on \n early \n extinguishment of \n debt - - 570 - - \nLess: Gain (loss) \n on sale of \n securities - - (801,492) - - \n ------------------ ------------------ ------------------- ------------------- ------------------- \nAdjusted total \n revenue $ 241,365 $ 249,004 $ 232,536 $ 214,178 $ 209,577 \n ================== ================== =================== =================== =================== \n \nCalculation of \nPre-Provision Net \nRevenue (PPNR) \n \nNet interest \n income $ 197,168 $ 197,296 $ 186,661 $ 171,824 $ 163,422 \nNoninterest income 44,197 51,708 (756,187) 42,354 46,155 \n ------------------ ------------------ ------------------- ------------------- \nTotal revenue 241,365 249,004 (569,526) 214,178 209,577 \nLess: Noninterest \n expense 140,673 139,862 142,032 138,589 144,580 \n ------------------ ------------------ ------------------- ------------------- ------------------- \nPre-Provision Net \n Revenue (PPNR) $ 100,692 $ 109,142 $ (711,558) $ 75,589 $ 64,997 \n ================== ================== =================== =================== =================== \n \nCalculation of \nAdjusted \nPre-Provision Net \nRevenue \n \nPre-Provision Net \n Revenue (PPNR) $ 100,692 $ 109,142 $ (711,558) $ 75,589 $ 64,997 \nCertain items, \npre-tax \n(non-GAAP) \nPlus: Loss on \n early \n extinguishment of \n debt - - 570 - - \nPlus: Loss (gain) \n on sale of \n securities - - 801,492 - - \nPlus: FDIC Deposit \n Insurance special \n assessment (1,984) - - - - \nPlus: Professional \n services 1,200 - - - - \nPlus: Early \n retirement \n program costs 283 - 305 1,594 - \nPlus: Termination \n of vendor and \n software \n services - 12 - - - \nPlus: Loss on sale \n of Equipment \n Finance business - 1,118 - - - \nPlus: Branch right \n sizing costs \n (net) 531 85 2,004 163 994 \n ------------------ ------------------ ------------------- ------------------- ------------------- \nAdjusted \n Pre-Provision Net \n Revenue $ 100,722 $ 110,357 $ 92,813 $ 77,346 $ 65,991 \n ================== ================== =================== =================== =================== \n \n \n \n(1) Efficiency ratio is noninterest expense as a percent of net interest \nincome (fully taxable equivalent} and noninterest revenues. Adjusted efficieny \nratio is noninterest expense before foreclosed property expense, amortization \nof intangibles and certain adjusting items as a percent of net interest income \n(fully taxable equivalent) and noninterest revenues, excluding gains and \nlosses from securities transactions and certain adjusting items, and is a \nnon-GAAP measurement. \n(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective \nrate of 26.135% on all other items. \n \n \nSimmons First \nNational \nCorporation SFNC \n Reconciliation Of Non-GAAP Financial \n Measures - Year-to-Date \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ------------------- ------------------- ------------------- ------------------- ------------------- \n ($ in thousands) \nCalculation of Adjusted Return on \nAverage Assets &amp; Average Tangible \nAssets \n \nNet income (loss) $ 68,544 $ (397,553) $ (475,631) $ 87,161 $ 32,388 \nAmortization of \n intangibles, net \n of taxes 2,288 9,469 7,181 4,894 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal adjusted \n tangible net \n income \n (non-GAAP) $ 70,832 $ (388,084) $ (468,450) $ 92,055 $ 34,993 \n =================== =================== =================== =================== =================== \nCertain items \n(non-GAAP) \nLoss on early \n extinguishment \n of debt - 570 570 - - \nFDIC Deposit \n Insurance \n special \n assessment (1,984) - - - - \nProfessional \n services 1,200 - - - - \nEarly retirement \n program 283 1,899 1,899 1,594 - \nTermination of \n vendor and \n software \n services - 12 - - - \nLoss on sale of \n Equipment \n Finance \n business - 1,118 - - - \nLoss (gain) on \n sale of \n securities - 801,492 801,492 - - \nBranch right \n sizing (net) 531 3,246 3,161 1,157 994 \nTax effect of \n certain items \n (1) (8) (177,686) (177,368) (719) (260) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAdjusted earnings \n (non-GAAP) 68,566 233,098 154,123 89,193 33,122 \nAmortization of \n intangibles, net \n of taxes 2,288 9,469 7,181 4,894 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal adjusted \n tangible net \n income \n (non-GAAP) $ 70,854 $ 242,567 $ 161,304 $ 94,087 $ 35,727 \n =================== =================== =================== =================== =================== \n \nAverage total \n assets $ 24,533,005 $ 25,614,700 $ 26,073,100 $ 26,661,787 $ 26,678,628 \nAverage \nintangible \nassets: \n Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) \n Other \n intangibles (83,248) (90,913) (92,499) (94,100) (95,787) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal average \n intangibles (1,404,047) (1,411,712) (1,413,298) (1,414,899) (1,416,586) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAverage tangible \n assets \n (non-GAAP) $ 23,128,958 $ 24,202,988 $ 24,659,802 $ 25,246,888 $ 25,262,042 \n =================== =================== =================== =================== =================== \n \nReturn on average \n assets 1.13 % -1.55 % -2.44 % 0.66 % 0.49 % \n =================== =================== =================== =================== =================== \nAdjusted return \n on average \n assets \n (non-GAAP) 1.13 % 0.91 % 0.79 % 0.67 % 0.50 % \n =================== =================== =================== =================== =================== \nReturn on average \n tangible assets \n</pre>\n\n<pre style=\"white-space: pre\">\n (non-GAAP) 1.24 % -1.60 % -2.54 % 0.74 % 0.56 % \n =================== =================== =================== =================== =================== \nAdjusted return \n on average \n tangible assets \n (non-GAAP) 1.24 % 1.00 % 0.87 % 0.75 % 0.57 % \n =================== =================== =================== =================== =================== \n \nCalculation of \nReturn on \nTangible Common \nEquity \n \nNet income \n (loss) available \n to common \n stockholders $ 68,544 $ (397,553) $ (475,631) $ 87,161 $ 32,388 \nAmortization of \n intangibles, net \n of taxes 2,288 9,469 7,181 4,894 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal income \n available to \n common \n stockholders $ 70,832 $ (388,084) $ (468,450) $ 92,055 $ 34,993 \n =================== =================== =================== =================== =================== \nCertain items \n(non-GAAP) \nLoss on early \n extinguishment \n of debt - 570 570 - - \nFDIC Deposit \n Insurance \n special \n assessment (1,984) - - - - \nProfessional \n services 1,200 - - - - \nEarly retirement \n program 283 1,899 1,899 1,594 - \nTermination of \n vendor and \n software \n services - 12 - - - \nLoss on sale of \n Equipment \n Finance \n business - 1,118 - - - \nLoss (gain) on \n sale of \n securities - 801,492 801,492 - - \nBranch right \n sizing (net) 531 3,246 3,161 1,157 994 \nTax effect of \n certain items \n (1) (8) (177,686) (177,368) (719) (260) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAdjusted earnings \n (non-GAAP) 68,566 233,098 154,123 89,193 33,122 \nAmortization of \n intangibles, net \n of taxes 2,288 9,469 7,181 4,894 2,605 \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal adjusted \n earnings \n available to \n common \n stockholders \n (non-GAAP) $ 70,854 $ 242,567 $ 161,304 $ 94,087 $ 35,727 \n =================== =================== =================== =================== =================== \n \nAverage common \n stockholders' \n equity $ 3,470,260 $ 3,471,531 $ 3,492,261 $ 3,555,265 $ 3,564,469 \nAverage \nintangible \nassets: \n Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) \n Other \n intangibles (83,248) (90,913) (92,499) (94,100) (95,787) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nTotal average \n intangibles (1,404,047) (1,411,712) (1,413,298) (1,414,899) (1,416,586) \n ------------------- ------------------- ------------------- ------------------- ------------------- \nAverage tangible \n common \n stockholders' \n equity \n (non-GAAP) $ 2,066,213 $ 2,059,819 $ 2,078,963 $ 2,140,366 $ 2,147,883 \n =================== =================== =================== =================== =================== \n \nReturn on average \n common equity 8.01 % -11.45 % -18.21 % 4.94 % 3.69 % \n =================== =================== =================== =================== =================== \nReturn on \n tangible common \n equity 13.90 % -18.84 % -30.13 % 8.67 % 6.61 % \n =================== =================== =================== =================== \nAdjusted return \n on average \n common equity \n (non-GAAP) 8.01 % 6.71 % 5.90 % 5.06 % 3.77 % \n =================== =================== =================== =================== =================== \nAdjusted return \n on tangible \n common equity \n (non-GAAP) 13.91 % 11.78 % 10.37 % 8.86 % 6.75 % \n =================== =================== =================== =================== =================== \n \n \n \n (1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective \n rate of 26.135% on all other items. \n \n \nSimmons First \nNational \nCorporation SFNC \n Reconciliation Of Non-GAAP Financial \n Measures - Year-to-Date \n For the Quarters \n Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 \n (Unaudited) 2026 2025 2025 2025 2025 \n ------------------ ------------------ ------------------ ------------------ ------------------ \n ($ in thousands) \nCalculation of \nEfficiency Ratio \nand Adjusted \nEfficiency \nRatio (1) \n \nNoninterest \n expense \n (efficiency ratio \n numerator) $ 140,673 $ 565,063 $ 425,201 $ 283,169 $ 144,580 \nCertain \nnoninterest \nexpense items \n(non-GAAP) \nEarly retirement \n program (283) (1,899) (1,899) (1,594) - \nFDIC Deposit \n Insurance special \n assessment 1,984 - - - - \nProfessional \n services (1,200) - - - - \nTermination of \n vendor and \n software \n services - (12) - - - \nLoss on sale of \n Equipment Finance \n business - (1,118) - - - \nBranch right \n sizing expense (531) (3,246) (3,161) (1,157) (994) \nOther real estate \n and foreclosure \n expense \n adjustment (308) (1,046) (614) (414) (198) \nAmortization of \n intangibles \n adjustment (3,097) (12,819) (9,722) (6,625) (3,527) \n ------------------ ------------------ ------------------ ------------------ ------------------ \nAdjusted \n efficiency ratio \n numerator $ 137,238 $ 544,923 $ 409,805 $ 273,379 $ 139,861 \n ================== ================== ================== ================== ================== \n \nNet interest \n income $ 197,168 $ 719,203 $ 521,907 $ 335,246 $ 163,422 \nNoninterest income 44,197 (615,970) (667,678) 88,509 46,155 \nFully \n tax-equivalent \n adjustment (2) 3,012 19,537 16,647 12,836 6,414 \n ------------------ ------------------ ------------------ ------------------ ------------------ \nEfficiency ratio \n denominator 244,377 122,770 (129,124) 436,591 215,991 \nCertain \nnoninterest income \nitems (non-GAAP) \nLoss on early \n extinguishment of \n debt - 570 570 - - \n(Gain) loss on \n sale of \n securities - 801,492 801,492 - - \n ------------------ ------------------ ------------------ ------------------ ------------------ \nAdjusted \n efficiency ratio \n denominator $ 244,377 $ 924,832 $ 672,938 $ 436,591 $ 215,991 \n ================== ================== ================== ================== ================== \n \nEfficiency \n ratio (1) 57.56 % 460.26 % -329.30 % 64.86 % 66.94 % \n ================== ================== ================== ================== ================== \nAdjusted \n efficiency ratio \n</pre>\n\n (MORE TO FOLLOW) Dow Jones Newswires\n\n\n April 16, 2026 16:30 ET (20:30 GMT)\n\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SFNC","symbol_name":"Simmons First National Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2628492412","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628492412","pubTimestamp":1776371400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ --","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SFNC":"Simmons First National Corporation","FXNC":"First National Corp"},"translate_title":"新闻稿：西蒙斯第一国民公司报告第一季度每股收益为0.47美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SFNC":1.5,"FXNC":1.5},"content_text":"PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ -- \n\n\n \nFinancial Highlights 1Q26 4Q25 1Q25 1Q26 Highlights \n------------------------ ------- -------- ------- ---------------------- \n Comparisons reflect \n 1Q26 vs 4Q25 unless \n otherwise noted -- \n Net income of $68.5 \n million and diluted \n EPS of $0.47 -- \n Adjusted net income(1) \n of $68.6 million and \n adjusted \n diluted EPS(1) of \n $0.47 -- ROAA of 1.13% \n and ROE of 8.01% -- \n Adjusted ROAA(1) of \n 1.13%; adjusted \n ROTCE(1) of 13.91% -- \n Total revenue of \n $241.4 million and \n PPNR(1) of $100.7 \n million -- Net \n interest margin up 3 \n bps to 3.84%; cost of \n deposits down 8 bps to \n 1.96% -- Efficiency \n ratio of \n 57.56%; adjusted \n efficiency ratio(1) of \n 56.16% -- Broad based \n growth drives \n total loans up 10% \n annualized -- Unfunded \n commitments up 5% -- \n Total average deposits \n up 6% annualized -- \n Provision expense \n exceeded \n net charge-offs by \n $5.5 million -- NCO \n ratio at 21 bps for \nIncome Statement Summary 1Q26; ACL steady at \n(in millions) 1.28% \n ---------------------- \nTotal revenue $ 241.4 $ 249.0 $209.6 \n ---------------------- \nAdjusted total \n revenue(1) 241.4 249.0 209.6 \nPre-provision net \n revenue(1) (PPNR) 100.7 109.1 65.0 \nAdjusted pre-provision \n net revenue(1) 100.7 110.4 66.0 \nProvision for credit \n losses 14.6 15.1 26.8 \nNet income 68.5 78.1 32.4 \nAdjusted net income(1) 68.6 79.0 33.1 \n------------------------ ------- -------- ------- \nPer share Data \nDiluted earnings $ 0.47 $ 0.54 $ 0.26 \nAdjusted diluted \n earnings(1) 0.47 0.54 0.26 \nCash dividend declared 0.2150 0.2125 0.2125 \nBalance Sheet (in \nmillions) \nTotal loans $17,933 $17,492 $17,094 \nTotal deposits 20,203 20,184 21,685 \nTotal assets 24,693 24,541 26,793 \nTotal shareholders' \n equity 3,438 3,419 3,531 \n------------------------ ------- -------- ------- \nAsset Quality \nNet charge-off ratio \n (NCO ratio) 0.21 % 1.12 % 0.23 % \nAllowance for credit \n losses to loans (ACL) 1.28 1.28 1.48 \n------------------------ ------- -------- ------- \nCapital Ratios \nEquity to assets $(EA)$ \n ratio 13.92 % 13.93 % 13.18 % \nTangible common equity \n (TCE) ratio(1) 8.74 8.71 8.34 \nCommon equity tier 1 \n (CET1) ratio 11.58 11.63 12.21 \nTotal risk-based capital \n ratio 14.36 14.45 14.59 \n------------------------ ------- -------- ------- \nOther Ratios \nReturn on average assets 1.13 % 1.28 % 0.49 % \nAdjusted return on \n average assets(1) 1.13 1.29 0.50 \nReturn on average common \n equity 8.01 9.08 3.69 \nReturn on average \n tangible common \n equity(1) 13.90 15.92 6.61 \nAdj. return onavg. \n tangible common \n equity(1) 13.91 16.10 6.75 \nNet interest margin \n (FTE) 3.84 3.81 2.95 \nEfficiency ratio 57.56 55.52 66.94 \nAdjusted efficiency \n ratio(1) 56.16 53.64 64.75 \n------------------------ ------- -------- ------- ---------------------- \n \n\n\n Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results: \n\n\n 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. \n\n\n 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. \n\n\nSimmons 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 $0.26 for the first quarter of 2025. \n\n\n For the first quarter of 2026, return on average assets was 1.13 percent and return on average common equity was 8.01 percent. Adjusted return on average assets(1) was 1.13 percent and adjusted return on average tangible common equity(1) was 13.91 percent. \n\n\n The table below summarizes the impact of certain items, consisting primarily of FDIC deposit insurance special assessment, professional services, branch right sizing costs, early retirement program costs and a loss on the sale of equipment finance business. These items are also described in further detail in the \"Reconciliation of Non-GAAP Financial Measures\" tables contained in this press release. \n\n\n \nImpact of Certain Items on Earnings and Diluted Earnings Per Share (EPS) \n---------------------------------------------------------------------------- \n$ in millions, except per share data 1Q26 4Q25 1Q25 \n------------------------------------------------ ------- ------- ------- \nNet income $ 68.5 $ 78.1 $ 32.4 \n \nFDIC deposit insurance special assessment (2.0) - - \nProfessional services 1.2 - - \nBranch right sizing costs, net 0.6 0.1 1.0 \nEarly retirement program costs 0.3 - - \nLoss on sale of equipment finance business - 1.1 - \n Total pre-tax impact 0.1 1.2 1.0 \nTax effect - (0.3) (0.3) \n ------- ------- ------- \n Total impact on earnings 0.1 0.9 0.7 \n ------- ------- ------- \nAdjusted earnings(1, 3) $ 68.6 $ 79.0 $ 33.1 \n ======= ======= ======= \n \nDiluted EPS $ 0.47 $ 0.54 $ 0.26 \n \nFDIC deposit insurance special assessment (0.01) - - \nProfessional services 0.01 - - \nBranch right sizing costs, net - - - \nEarly retirement program costs - - - \nLoss on sale of equipment finance business - 0.01 - \n ------- ------- ------- \n Total pre-tax impact - 0.01 - \n\n\n (MORE TO FOLLOW) Dow Jones Newswires\n\n\n April 16, 2026 16:30 ET (20:30 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}