UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SIMMONS FIRST NATIONAL CORPORATION (Exact name of registrant as specified in its charter) Arkansas 71-0407808 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 501 Main Street 71601 Pine Bluff (Zip Code) Arkansas (Address of principal executive offices) For the quarterly period ...

❑ ~$130 million of projected securities principal maturities per quarter3 Cash & Cash Equivalents Variable Rate Securities 0.65% 1.41% 2.10% 2.57% 3.06%3.31% 3.48% 0.47% 1.02% 1.58% 1.96% 2.37% 2.58% 2.75% 2.20% 3.65% 4.52% 4.99% 5.26% 5.33% 5.33% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Interest Bearing Deposits Cost of Deposits Avg Fed Funds Rate 50% deposit beta during this cycle3 | --- | --- | --- | --- | --- | |---------------------|------------------------|-------------|--------------------------- ...

Start Time: 10:00 January 1, 0000 10:21 AM ET Simmons First National Corporation (NASDAQ:SFNC) Q1 2024 Earnings Conference Call April 24, 2024, 10:00 AM ET Company Participants George Makris - Executive Chairman Bob Fehlman - CEO Daniel Hobbs - EVP and CFO Jay Brogdon - President Ed Bilek - Director, IR Conference Call Participants David Feaster - Raymond James Woody Lay - KBW Thomas Wendler - Stephens Operator Good morning, and welcome to the Simmons First National Corporation First Quarter 2024 Earnings C ...

| FINANCIAL HIGHLIGHTS | 1Q24 | 4Q23 | 1Q23 | 1Q24 Highlights | | --- | --- | --- | --- | --- | | BALANCE SHEET (in millions) | | | | Comparisons reflect 1Q24 vs 4Q23 | | Total loans | $17,002 | $16,846 | $16,555 | • Net income of $38.9 million and | | Total investment securities | 6,735 | 6,878 | 7,521 | | | Total deposits | 22,353 | 22,245 | 22,452 | diluted EPS of $0.31 | | Total assets | 27,372 | 27,346 | 27,583 | • Adjusted earnings 1 of $40.4 million | | Total shareholders' equity | 3,439 | 3,426 | 3, ...

Financial Performance - Net income available to common shareholders for the year ended December 31, 2023, was $175.1 million, or $1.38 diluted earnings per share, compared to $256.4 million, or $2.06 diluted earnings per share for the same period in 2022[214]. - Adjusted earnings for the year ended December 31, 2023, were $207.7 million, or $1.64 adjusted diluted earnings per share, compared to $298.8 million, or $2.40 adjusted diluted earnings per share in 2022[214]. - Included in 2023 results were $32.7 million of certain items, net of tax, primarily related to early retirement program costs, loss on sale of securities, a FDIC special assessment, and branch right sizing initiatives[214]. - Included in 2022 results were $42.4 million of certain items, net of tax, primarily related to acquisitions, Day 2 accounting provision, gain on an insurance settlement, merger-related costs, and branch right sizing initiatives[214]. Assets and Liabilities - Total consolidated assets of Simmons First National Corporation reached $27.3 billion as of December 31, 2023[17]. - Total consolidated loans amounted to $16.8 billion, while total consolidated deposits were $22.2 billion[17]. - The company’s reserve balances were zero as of December 31, 2023, due to the Federal Reserve's reduction of reserve requirements during the COVID-19 pandemic[64]. - Simmons Bank's total investment in the Federal Home Loan Bank of Dallas was $58.2 million as of December 31, 2023[104]. Acquisitions and Growth Strategy - The company has completed 21 whole bank acquisitions since 1990, enhancing its market presence[25]. - The acquisition of Reliance Bancshares in April 2019 added approximately $1.5 billion in assets and 22 branches[35]. - The acquisition of Spirit of Texas Bancshares in April 2022 further strengthened the company's position in Texas with approximately $3.1 billion in assets[38]. - The company aims to capitalize on organic growth opportunities in addition to pursuing strategic mergers and acquisitions[39]. - The company's growth strategy includes acquisitions and de novo branching, which carry inherent risks that could affect market value and profitability[141]. Risk Management and Compliance - The company has a robust risk management framework, including an Asset Quality Review Committee that meets quarterly[44]. - The company is subject to federal and state regulations, requiring approval from the Federal Reserve Board for acquisitions and limiting certain non-banking activities[53][54]. - The company is subject to heightened requirements due to exceeding $10 billion in assets, impacting its operations and compliance obligations[107]. - Future regulatory actions and changes in legislation, such as the Dodd-Frank Act, could adversely affect the company's operations and profitability[159]. Employee and Culture - As of December 31, 2023, the company had approximately 3,007 full-time equivalent associates, with no union representation and no labor disputes reported[52]. - The company is committed to maintaining a strong culture with six Culture Cornerstones, including "Build Loyalty," which was added in 2022 to enhance customer experiences[51]. - The company has implemented various programs for professional development, including mentorship opportunities and tuition reimbursement for higher education[50]. - The company has experienced increasing fraud attempts, including deposit and loan fraud, which pose a material operational risk[147]. Financial Health and Capital Management - The company had approximately $54.4 million available for payment of dividends to the Company without prior regulatory approval as of December 31, 2023[60]. - As of December 31, 2023, Simmons Bank was classified as "well capitalized" with a total risk-based capital ratio of at least 10%, a Tier 1 risk-based capital ratio of at least 8%, and a CET1 risk-based capital ratio of at least 6.5%[79]. - The Company accrued $10.5 million related to a special assessment by the FDIC in the fourth quarter of 2023, based on estimated uninsured deposits as of December 31, 2022[92]. - The ability to pay dividends on common stock is contingent on the subsidiary bank's financial health and regulatory restrictions[170]. Market and Economic Conditions - Changes in interest rates and monetary policy could adversely affect the company's profitability and cash flows[116]. - Continued inflationary pressures could increase operating costs and negatively impact borrowers' ability to repay loans, leading to higher default rates[134]. - Economic downturns could lead to increased credit default swap spreads and lower credit ratings, impacting liquidity and lending practices[131]. - The company is vulnerable to adverse conditions in local markets, particularly in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas, where most loans are secured[135]. Competition and Industry Challenges - The company faces strong competition from various financial institutions, which could lead to loss of market share and reduced profitability[138]. - Changes in service delivery channels and emerging technologies pose competitive risks, potentially leading to loss of fee income and customer deposits[139]. - The company is heavily reliant on third-party service providers for essential operations, exposing it to risks related to vendor performance and service disruptions[154]. Regulatory Environment - The Economic Growth, Regulatory Reform, and Consumer Protection Act (EGRRCPA) provides regulatory relief to bank holding companies with less than $100 billion in assets, such as the Company[86]. - The Dodd-Frank Act established the Bureau of Consumer Financial Protection (CFPB) to oversee consumer protection regulations applicable to financial institutions[85]. - The company and Simmons Bank are no longer required to conduct annual stress tests under the Dodd-Frank Act due to regulatory reforms[110]. - The CFPB proposed rules in January 2024 that would subject overdraft services provided by financial institutions with more than $10 billion in assets to the Truth in Lending Act[111]. Shareholder Information - The company had approximately $39.9 million of remaining funds available for share repurchases under the 2022 Program as of December 31, 2023[199]. - The 2024 stock repurchase program allows for the repurchase of up to $175.0 million of Class A Common Stock[197]. - The company made no purchases of its common stock during the three months ended December 31, 2023[199]. - The company’s common stock is listed on the Nasdaq Global Select Market under the symbol "SFNC" with approximately 2,379 shareholders of record as of February 23, 2024[194]. Recognition and Awards - Simmons Bank was named to Forbes magazine's 2023 list of "World's Best Banks" for the fourth consecutive year[216]. - The bank was recognized by Forbes as one of "America's Best Midsize Employers" for 2023[216]. - The Better Bank Initiative was completed in 2023, focusing on enhancing operational processes and increasing capacity for organic growth[216]. - The bank achieved $18 million of annualized cost savings, exceeding the original estimate of $15 million[216].

Simmons First National Corporation (NASDAQ:SFNC) Q4 2023 Earnings Conference Call January 24, 2024 10:00 AM ET Company Participants Ed Bilek - Director, Investor Relations Bob Fehlman - Chief Executive Officer Jay Brogdon - President George Makris - Executive Chairman Conference Call Participants David Feaster - Raymond James Brady Gailey - KBW Jordan Ghent - Stephens Inc Gary Tenner - D.A. Davidson Operator Good morning and welcome to the Simmons First National Corporation Fourth Quarter Earnings Conferenc ...

Contents 3 Company Profile 4 4Q23 Financial Highlights 12 Deposits, Securities, Liquidity, Interest Rate Sensitivity and Capital 18 Loan Portfolio 22 Credit Quality 26 Appendix Forward-Looking Statements. Certain statements by Simmons First National Corporation (the "Company", which where appropriate includes the Company's wholly-owned banking subsidiary, Simmons Bank) contained in this presentation may not be based on historical facts and should be considered "forward-looking statements" within the meaning ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 000-06253 SIMMONS FIRST NATIONAL CORPORATION (Exact name of registrant as specified in its charter) Arkansas 71-0407808 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTI ...

Simmons First National Corporation (NASDAQ:SFNC) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants Ed Bilek - Executive Vice President, Director of Investor and Media Relations Bob Fehlman - Chief Executive Officer Jay Brogdon - President and Chief Financial Officer George Makris - Executive Chairman Conference Call Participants Brady Gailey - KBW David Feaster - Raymond James Matt Olney - Stephens Graham Dick - Piper Sandler Gary Tenner - D.A. Davidson Operator Good day and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 (Registrant's telephone number, including area code) Not Applicable OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 000-06253 SIMMONS FIRST NATIONAL CORPORATION (Exact n ...