Business
Simmons First National Corporation Reports First Quarter EPS of $0.47
PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ -- Financial Highlights1Q264Q251Q251Q26 HighlightsIncome Statement Summary (in millions)Comparisons reflect 1Q26
About this update from Simmons First National Corporation
[{"type":"text","content":"PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ --\n \n \n \n \n \n \n \nFinancial Highlights1Q264Q251Q251Q26 HighlightsIncome Statement Summary (in millions)Comparisons reflect 1Q26 vs 4Q25unless otherwise noted • Net income of $68.5 million and diluted EPS of $0.47• Adjusted net income1 of $68.6 million and adjusted diluted EPS1 of $0.47• ROAA of 1.13% and ROE of 8.01%• Adjusted ROAA1 of 1.13%; adjusted ROTCE1 of 13.91%• Total revenue of $241.4 million and PPNR1 of $100.7 million• Net interest margin up 3 bps to 3.84%; cost of deposits down 8 bps to 1.96%• Efficiency ratio of 57.56%; adjusted efficiency ratio1 of 56.16%• Broad based growth drives total loans up 10% annualized• Unfunded commitments up 5%• Total average deposits up 6% annualized• Provision expense exceeded net charge-offs by $5.5 million• NCO ratio at 21 bps for 1Q26; ACL steady at 1.28%Total revenue$ 241.4$ 249.0$209.6Adjusted total revenue1241.4249.0209.6Pre-provision net revenue1 (PPNR)100.7109.165.0Adjusted pre-provision net revenue1100.7110.466.0Provision for credit losses14.615.126.8Net income68.578.132.4Adjusted net income168.679.033.1Per share DataDiluted earnings$ 0.47$ 0.54$ 0.26Adjusted diluted earnings10.470.540.26Cash dividend declared0.21500.21250.2125Balance Sheet (in millions)Total loans$17,933$17,492$17,094Total deposits20,20320,18421,685Total assets24,69324,54126,793Total shareholders' equity3,4383,4193,531Asset QualityNet charge-off ratio (NCO ratio)0.21 %1.12 %0.23 %Allowance for credit losses to loans (ACL)1.281.281.48Capital RatiosEquity to assets (EA) ratio13.92 %13.93 %13.18 %Tangible common equity (TCE) ratio18.748.718.34Common equity tier 1 (CET1) ratio11.5811.6312.21Total risk-based capital ratio14.3614.4514.59Other RatiosReturn on average assets1.13 %1.28 %0.49 %Adjusted return on average assets11.131.290.50Return on average common equity8.019.083.69Return on average tangible common equity113.9015.926.61Adj. return onavg. tangible common equity113.9116.106.75Net interest margin (FTE)3.843.812.95Efficiency ratio57.5655.5266.94Adjusted efficiency ratio156.1653.6464.75Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results:Simmons delivered solid results in the first quarter driven by strong loan growth, expanding margin, and continued earnings momentum. Loans grew 10 percent linked quarter annualized, with growth ...