Simmons First quarterly net income up almost 22%

BusinessFinanceLatest News

by Talk Business & Politics staff ([email protected]) ago 0 views 

Pine Bluff-based Simmons First National Corp. posted second-quarter unadjusted net income of $66.691 million, up 21.7% compared with $54.773 million in the same quarter of 2025. Adjusted per share earnings of 50 cents missed the consensus estimate of 52 cents.

The regional bank company posted its quarterly report Thursday (July 16) after the markets closed.

Revenue in the quarter totaled $248.6 million, up 16% compared with $214.2 million in the same quarter of 2025, but below the consensus estimate of $250.98 million. The bank also posted a year-over-year decline in total assets and total deposits.

“Simmons delivered continued expansion in returns in the second quarter, reflecting revenue growth coupled with disciplined expense control,” Jay Brogdon, bank resident and CEO, noted in the earnings report. “Committed loan production reached $1.8 billion, its highest quarterly level in almost four years, partially offset by expected paydowns, while our focus on disciplined loan and deposit pricing supported a stable net interest margin.”

Provision for credit losses on loans totaled $17.4 million in the second quarter of 2026, above the $14.6 million in the first quarter of 2026, and above the $11.9 million in the second quarter of 2025.

Following are other key financial metrics from the first-quarter 2026 report.
• Total assets as of June 30 reached $24.777 billion, below the $26.694 billion at the same period in 2025.
• Total loans as of June 30 were $18.062 billion, up from $17.111 billion in the same period in 2025.
• Total deposits as of June 30 were $19.728 billion, down from $21.825 billion in the same period in 2025.
• The return on assets as of June 30 was 1.09%, better than the 0.82% in the same period in 2025.

Simmons First on April 16 reported first quarter revenue of $241.37 million, up 15.2% from the same period in 2025. Quarterly net income was $68.5 million for the first quarter of 2026, above the $32.4 million for the first quarter of 2025.

Shares of Simmons First (NASDAQ: SFNC) closed Thursday at $23.25, up 2 cents. Over the past 52 weeks, Simmons First stock has traded between $17 and $23.91 per share.

Simmons First, founded in 1903, operates 220 financial services locations in six states, including Arkansas, Texas, Oklahoma, Kansas, Missouri and Tennessee.