Core Viewpoint - Simmons First National Corporation reported strong financial performance in the second quarter of 2025, highlighting revenue growth, improved profitability, and stable asset quality metrics [1][7]. Financial Performance - Net income for Q2 2025 was $54.8 million, up from $32.4 million in Q1 2025 and $40.8 million in Q2 2024, with diluted EPS of $0.43 [7][5]. - Total revenue reached $214.2 million, a 2.8% increase from $209.6 million in Q1 2025 and a 8.6% increase from $197.2 million in Q2 2024 [5][13]. - Net interest income increased by $8.4 million, or 5%, to $171.8 million compared to Q1 2025 [10][11]. Balance Sheet Highlights - Total loans at the end of Q2 2025 were $17.1 billion, showing slight growth from Q1 2025 levels [18][19]. - Total deposits increased to $21.8 billion, reflecting a $233 million rise in low-cost customer deposits [20][21]. - Total stockholders' equity was $3.5 billion, up $17.7 million from Q1 2025 and $90.3 million from Q2 2024 [27][28]. Asset Quality - The net charge-off ratio for Q2 2025 was 0.25%, compared to 0.23% in Q1 2025 and 0.19% in Q2 2024 [23][26]. - Total nonperforming loans increased to $157.2 million, up from $152.4 million in Q1 2025 and $103.4 million in Q2 2024 [24][26]. Capital Ratios - The common equity tier 1 (CET1) ratio was 12.36%, and the total risk-based capital ratio was 14.42%, both indicating strong capital positions [29][28]. - Book value per share increased to $28.17 from $28.04 in Q1 2025 [27][28]. Noninterest Income and Expense - Noninterest income for Q2 2025 was $42.4 million, down from $46.2 million in Q1 2025 [13][15]. - Noninterest expense decreased to $138.6 million from $144.6 million in Q1 2025, with adjusted noninterest expense at $136.8 million [16][17].

The upcoming report from Simmons First National (SFNC) is expected to reveal quarterly earnings of $0.40 per share, indicating an increase of 21.2% compared to the year-ago period. Analysts forecast revenues of $213.4 million, representing an increase of 8.2% year over year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Ahead of a c ...

Simmons First National (SFNC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 17, might help the stock move higher if these key numbers are better than ...

Group 1 - Simmons First National Corporation is scheduled to release its second quarter 2025 earnings on July 17, 2025, after market closing [1] - A live conference call will be held on July 18, 2025, at 7:30 a.m. Central Time to discuss the earnings [1] - Interested parties can access the call by dialing a toll-free number or through the company's website, where a recorded version will be available for at least 60 days [1] Group 2 - Simmons First National Corporation has paid cash dividends to shareholders for 116 consecutive years [2] - The principal subsidiary, Simmons Bank, operates over 220 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas [2] - Simmons Bank has received multiple recognitions, including being named one of America's Best Regional Banks 2025 by Newsweek and one of the Best Companies to Work For in the South by U.S. News & World Report [2]

Core Insights - Simmons Bank has appointed David Kennedy as executive vice president and chief technology officer, bringing over 25 years of technology experience to the role [1][2] - Kennedy's responsibilities will include overseeing technology capabilities across the bank, focusing on innovation, infrastructure, cost reduction, and collaboration to align technology efforts with business success [1][2] Company Overview - Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation, operating 222 branches across several states including Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas [4] - The bank has a long history, having been founded in 1903, and has paid cash dividends for 116 consecutive years [4] - In 2024, Simmons Bank received multiple accolades, including recognition as one of America's Best Regional Banks 2025 by Newsweek and one of the Best Companies to Work For in the South by U.S. News & World Report [4]

Financial Performance - Net income for the three months ended March 31, 2025, was $32.4 million, or $0.26 diluted earnings per share, compared to $48.3 million, or $0.38 diluted earnings per share for the previous quarter[195]. - Adjusted earnings for the three months ended March 31, 2025, were $33.1 million, or $0.26 adjusted diluted earnings per share, compared to $49.6 million, or $0.39 adjusted diluted earnings per share for the previous quarter[195]. - Adjusted earnings (non-GAAP) for Q1 2025 were $33,122,000, down 33.3% from $49,634,000 in Q4 2024[316]. - Net income available to common stockholders for Q1 2025 was $32,388,000, a decrease of 33.1% from $48,319,000 in Q4 2024[316]. - Diluted earnings per share for Q1 2025 were $0.26, a decline of 31.6% compared to $0.38 in Q4 2024[316]. Loan and Deposit Activity - Total loans increased to $17.09 billion as of March 31, 2025, from $17.01 billion at December 31, 2024, with a commercial loan pipeline of $1.81 billion[197]. - Total deposits as of March 31, 2025, were $21.68 billion, a decrease from $21.89 billion as of December 31, 2024, with uninsured, non-collateralized deposits at approximately $4.54 billion, or 21% of total deposits[199]. - The loan portfolio averaged $16.92 billion in Q1 2025, with total loans at $17.09 billion, reflecting an increase of $88.1 million from December 31, 2024[251]. - Real estate loans amounted to $13.48 billion, representing 78.8% of total loans, an increase of $85.5 million or 0.6% from December 31, 2024[255]. - Total commercial loans were $2.64 billion, or 15.4% of total loans, a decrease of $58.2 million or 2.2% from December 31, 2024[256]. Asset Quality - Nonperforming loans increased to $152.4 million as of March 31, 2025, from $110.8 million at December 31, 2024, representing a nonperforming assets ratio of 0.61%[196]. - Total nonperforming assets increased to $162.3 million as of March 31, 2025, up from $121.2 million at December 31, 2024[267]. - The allowance for credit losses as a percent of total loans was 1.48% as of March 31, 2025, with nonperforming loans at 0.89% of total loans[264][267]. - The provision for credit losses for the first three months of 2025 was $26.8 million, compared to $10.2 million for the same period in 2024[275][276]. Interest Income and Expense - Net interest income for the three months ended March 31, 2025, was $169.8 million, a decrease of $1.5 million, or 0.9%, compared to the previous quarter[215]. - Interest income decreased by $14.8 million during the three-month period ended March 31, 2025, primarily due to a $4.1 million decline in loan yield and a $10.7 million decrease in interest income on investment securities[219]. - Interest expense decreased by $26.3 million, primarily due to a 43 basis point decrease in rates on interest-bearing deposit accounts, resulting in an $18.6 million reduction[220]. - The strategic sale of $251.5 million of lower-yielding available-for-sale securities contributed to the improved net interest margin[221]. Capital and Liquidity - Capital levels remained strong, with a common equity to total assets ratio of 13.18% and a Tier 1 leverage ratio of 9.83% as of March 31, 2025[199]. - The company maintains a significant liquidity position with a loan to deposit ratio of 79% as of March 31, 2025[199]. - As of March 31, 2025, the company's total risk-based capital was $3,009,342, with risk-weighted assets at $20,621,540, resulting in a total risk-based capital ratio of 14.59%[300]. - The common equity Tier 1 ratio (CET1) as of March 31, 2025, was 12.21%, above the minimum guideline of 4.50%[300]. - The company continually assesses its capital and liquidity needs, including potential capital raising through stock or debt offerings[297]. Noninterest Income and Expense - Total noninterest income for the three months ended March 31, 2025 was $46.2 million, reflecting a 6.0% increase from the previous quarter and a 6.9% increase year-over-year[233]. - Noninterest expense for the three months ended March 31, 2025 was $144.6 million, representing a 2.5% increase from the previous quarter and a 3.4% increase compared to the same period last year[237][238]. - Adjusted noninterest expense for the three months ended March 31, 2025 was $143.6 million, an increase of $4.3 million from the previous quarter[237]. - The increase in noninterest income was primarily driven by a $1.2 million increase in wealth management fees and higher fair value adjustments related to SBIC investments[233]. Stockholder Equity and Dividends - Cash dividends declared for the first three months of 2025 were $0.2125 per share, an increase of 1% from $0.21 per share in the same period of 2024[296]. - The tangible book value per common share as of March 31, 2025, was $16.81, slightly up from $16.80 as of December 31, 2024[321]. - Total common stockholders' equity was $3.531 billion as of March 31, 2025, slightly up from $3.528 billion at the end of December 2024[323].

Financial Data and Key Metrics Changes - Total period end loans increased by 2% on a linked quarter annualized basis, although average loans decreased for the quarter [10] - Total revenue rose by $1.1 million linked quarter, marking the fourth consecutive quarter of top line adjusted revenue growth [13] - First quarter net interest margin was 2.95%, up 8 basis points linked quarter and up 29 basis points year over year [14] - Total provision expense for the quarter was $26.8 million, with the allowance for credit losses (ACL) ratio increasing to 1.48% [24] Business Line Data and Key Metrics Changes - Customer deposits grew by $183 million during the quarter, approximately 4% linked quarter annualized [12] - Non-interest income grew by 6% linked quarter, driven by strong swap fee income and diversified growth from other fee-based businesses [14] - Adjusted non-interest expense increased by 4.3% million linked quarter, influenced by a customer deposit fraud event [15] Market Data and Key Metrics Changes - The commercial loan pipeline increased by 43% linked quarter, reaching its highest level since Q2 2022 [10] - The number of consumer checking accounts grew by 1.5% year over year, indicating a positive trend in the deposit franchise [12] Company Strategy and Development Direction - The company remains focused on soundness, profitability, and growth, with a commitment to addressing potential credit challenges early [16] - The outlook for 2025 includes expectations for 3% plus positive operating leverage and mid-teens year-over-year growth in pre-provision net revenue (PPNR) [26] - The company aims to reduce reliance on brokered funding while continuing to remix deposits into lower-cost transaction accounts [49] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding loan growth amid a challenging macro backdrop, noting borrowers' ability to lock in attractive economics [10] - The company believes that the situations regarding specific credit relationships are unique and that the overall loan portfolio remains healthy [24] - Management anticipates that net interest margin could cross 3% sooner than originally expected due to favorable trends in customer deposits and asset repricing [26] Other Important Information - The company recorded a $4.3 million fraud charge related to a borrower, which impacted non-interest expense for the quarter [22] - Specific reserves for two credit relationships were increased to approximately 60%, resulting in additional provision expense [24] Q&A Session Summary Question: Timeline for resolution of specific credits - Management indicated a desire to resolve the downtown St. Louis hotel credit by the end of the year, while the timeline for the fast food operator credit remains uncertain due to recent fraud-related activity [33][36] Question: Drivers of the commercial loan pipeline improvement - Management noted that the improvement is driven by borrowers locking in favorable economics and a broad-based demand across various sectors [40][41] Question: Deposit growth strategy and competitive landscape - Management acknowledged a competitive environment for deposits but expressed optimism about remixing deposits and reducing reliance on brokered funding [46][49] Question: Capital deployment and buyback considerations - Management emphasized a focus on organic growth and capital preservation, with buybacks being a tool for future opportunities if market conditions are favorable [102][105]

Simmons First National Corporation (SFNC) Q1 2025 Earnings Conference Call April 17, 2025 08:30 AM ET Company Participants Operator - Conference Call OperatorEd Billick - Director of Investor RelationsJay Brogdon - PresidentDaniel Hobbs - CFOGeorge Makris - Chairman and CEO Conference Call Participants David Feaster - Analyst, Raymond JamesWoody Lee - Analyst, KBWAhmad Hassan - Analyst, DA DavidsonMatt Olney - Analyst, Stevens Operator Good morning and welcome to the Simmons First National Corporation first ...

Core Insights - Simmons First National (SFNC) reported revenue of $209.58 million for the quarter ended March 2025, reflecting a year-over-year increase of 7.4% [1] - The company's earnings per share (EPS) was $0.26, down from $0.32 in the same quarter last year, indicating a decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $205.86 million by 1.81%, while the EPS fell short of the consensus estimate of $0.36 by 27.78% [1] Financial Performance Metrics - Total non-performing assets amounted to $162.30 million, surpassing the average estimate of $125.29 million from two analysts [4] - The efficiency ratio was reported at 66.9%, slightly higher than the average estimate of 66.4% [4] - The net interest margin stood at 3%, exceeding the average estimate of 2.9% [4] - Total nonperforming loans were $152.30 million, compared to the average estimate of $114.60 million [4] - Total interest-earning assets (FTE) averaged $23.32 billion, slightly below the average estimate of $23.39 billion [4] - Net charge-offs to average loans were 0.2%, better than the average estimate of 0.3% [4] - Net interest income (FTE) was reported at $169.84 million, above the average estimate of $168.60 million [4] - Total non-interest income reached $46.16 million, exceeding the average estimate of $43.55 million [4] - Net interest income was $163.42 million, compared to the average estimate of $162.31 million [4] Stock Performance - Over the past month, shares of Simmons First National have returned -11.7%, while the Zacks S&P 500 composite experienced a -4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Simmons First National (SFNC) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.78%. A quarter ago, it was expected that this bank holding company would post earnings of $0.35 per share when it actually produced earnings of $0.39, delivering a surprise of 11.43%.Over the last four q ...