Simmons First National (US:SFNC) Prnewswireยท2025-07-17 20:30Core 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].