Here's What Key Metrics Tell Us About Simmons First National (SFNC) Q3 Earnings

Core Insights - Simmons First National (SFNC) reported a revenue of $174.84 million for the quarter ended September 2024, reflecting a year-over-year decline of 10.9% [1] - The earnings per share (EPS) for the quarter was $0.37, down from $0.39 in the same quarter last year, but exceeded the consensus estimate of $0.33 by 12.12% [1] - The reported revenue fell short of the Zacks Consensus Estimate of $200.75 million by 12.91% [1] Financial Performance Metrics - Efficiency Ratio stood at 75.7%, significantly higher than the average estimate of 67.3% from two analysts [1] - Net Interest Margin was reported at 2.7%, matching the average estimate of 2.7% [1] - Total interest earning assets (FTE) averaged $23.87 billion, slightly below the average estimate of $23.95 billion [1] - Net charge-offs to average loans were at 0.2%, consistent with the average estimate of 0.2% [1] - Net Interest Income (FTE) was $164.11 million, surpassing the average estimate of $163.15 million [1] - Total Non-Interest Income reached $45.52 million, exceeding the average estimate of $44.32 million [1] - Net Interest Income was reported at $157.71 million, compared to the average estimate of $156.48 million [1] Stock Performance - Shares of Simmons First National have increased by 5.6% over the past month, outperforming the Zacks S&P 500 composite's increase of 3.8% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]