Simmons First quarterly net income, revenue beat estimates

Pine Bluff-based Simmons First National Corp. had fourth quarter net income of $78.078 million, up 61.6% compared with the 2024 quarter. Earnings per share of 54 cents was well above the consensus estimate of 49 cents.

Revenue in the quarter was $249.004 million, up 19.4% compared with revenue in the 2024 quarter, and also above the consensus estimate of $238.7 million.

“Our results for the fourth quarter exceeded expectations across the board, reflecting the positive results of the balance sheet repositioning transactions in the third quarter as well as disciplined execution of our strategy,” Jay Brogdon, bank president and CEO, said in the earnings report posted Wednesday (Jan. 21) before the markets opened.

Full-year net income was $397.6 million, more than double the $177.887 million in 2024. Revenue in 2025 totaled $904.7 million, better than the $804 million in 2024.

The bank reported declines in total assets and deposits in the fourth quarter compared with the same quarter in 2024, with loans up 2.9% between the quarters. Gains in total loans were driven by increases in real estate, with “seasonal declines in mortgage warehouse and agricultural portfolios.”

“We were certainly pleased with the pace of growth for loans in the fourth quarter,” Brogdon said in an earnings call. “That quarter really had the highest level of production, I think, that we’ve seen in at least a couple of years. At the same time, we still had elevated paydowns in the quarter, but the level of production was more than enough, obviously, to offset that level of paydowns and drive some meaningful growth.”

Following are other financial items from the quarterly report.
• Total assets as of Dec. 31 reached $25.541 billion, down from $26.876 billion at the same period in 2024.
• Total deposits as of Dec. 31 were $20.184 billion, down from $21.885 billion at the same period in 2024.
• Total loans as of Dec. 31 were $17.492 billion, down from $17.005 billion at the same period in 2024.
• The return on assets as of Dec. 31 was 1.28%, up from 0.71% at the same period in 2024.

The bank restructured its balance sheet in the third quarter of 2025 primarily through the sale of $2.4 billion in securities. The action resulted in a one-time loss of $562.8 million in the third quarter. The bank would post adjusted quarterly net income of $64.9 million in the third quarter.

Founded in 1903, Simmons First National, through its primary subsidiary Simmons Bank, operates 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. The company reduced the number of branches by 12 in 2024.

Bank shares (NASDAQ: SFNC) opened Wednesday at $19.88, with the price up more than 6% in late morning trading. During the past 52 weeks the share price has ranged between $23.44 and $17.