Simmons First National Corporation · NASDAQ:SFNC
Simmons First National — Q1 2026 Earnings Presentation
32 slides from Simmons First National's earnings presentation, Apr 16, 2026
Slide 1: 1st Quarter 2026 Earnings Presentation
Nasdaq SFNC 1st Quarter 2026 Earnings Presentation April 16, 2026
Slide 2: Company Overview Simmons First National Corporation
Company Overview Simmons First National Corporation A Mid-South based financial holding company serving our $24.7 $20.2 customers and the communities where we work and live since 1903 BILLION BILLION TOTAL ASSETS TOTAL DEPOSITS $9.4 $17.9 BILLION ASSETS UNDER BILLION 117 CONSECUTIVE YEARS PAYING DIV
Slide 3: 1Q26 Financial Highlights
1Q26 Financial Highlights 3
Slide 4: 1Q26 Highlights
1Q26 Highlights ❑ On track to deliver double-digit PPNR1 growth in 2026 Reported Adjusted1 ─ Adjusted PPNR1 growth of 53% year-over-year ─ Net interest margin2 expands to 3.84%, primarily driven by lower funding costs Net income $68.5M $68.6M ❑ Loan growth ─ Broad based growth drives loans up 10% li
Slide 5: Income Statement Highlights
Income Statement Highlights Net Interest Income Adjusted Total Revenue2 Adjusted PPNR2 $ in millions $ in millions $ in millions +21% +15% +53% $249.0 $197.3 $197.2 $110.4 $241.4 $232.5 $100.7 $186.7 $92.8 $214.2 $77.3 $171.8 $209.6 $66.0 $163.4 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25
Slide 6: Net Interest Margin (FTE)
Net Interest Margin (FTE) Net Interest Margin1 Net Interest Margin Evolution1 FTE (%) FTE +89 bps 11 bps (7) bps 3.81% 3.84% (1) bp 1 bp (1) bp 3.84% 3.50% 3.81% 3.06% +3 bps 2.95% 4Q25 Funding Loan Hedges Day Other 1Q26 Rate Yield Count 1Q25 2Q25 3Q25 4Q25 1Q26 Select Yields/Rates FTE (%) 6.20 6.26
Slide 7: Noninterest Income
Noninterest Income 1Q26 Adjusted1 1Q26 vs Adjusted1 $ in millions Reported Adjusted1 4Q25 1Q25 Commentary Service charges on deposit accounts $ 12.7 $ 12.7 $ - - % $ - - % ❑ Linked quarter decrease primarily driven by Wealth management fees 10.5 10.5 0.2 2 0.9 9 decline in “Other” noninterest income
Slide 8: Noninterest Expense
Noninterest Expense 1Q26 Adjusted1 1Q26 vs Adjusted1 $ in millions Reported Adjusted1 4Q25 1Q25 Commentary Salaries and employee benefits $ 75.9 $ 75.6 $ 2.7 4 % $ 0.8 1 % ❑ Linked quarter increase in salaries and employee Occupancy expense, net 12.2 11.9 0.7 6 - - benefits primarily reflects season
Slide 9: Deposits, Interest Rate Sensitivity, Hedging Program and Capital
Deposits, Interest Rate Sensitivity, Hedging Program and Capital 9
Slide 10: Deposits
Deposits Deposit Mix $ in billions; Period End Balances 63% interest bearing Evolution of Funding Rates deposit beta since 2Q241 $21.7 $21.8 $19.8 $20.2 $20.2 9.3% 9.4% 9.5% 5.33% 5.27% 13.4% 14.8% 11.1% 12.0% 4.66% 12.7% 4.33% 4.33% 4.30% 14.0% 12.3% 14.7% 14.0% 13.3% Customer 3.90% 3.64% 3.53% 3.5
Slide 11: Interest Rate Sensitivity
Interest Rate Sensitivity Loan Portfolio – Repricing and Maturity (contractual) CD Maturities (over the next 12 months) At March 31, 2026 $ in millions $ in millions Repricing Term Rate Structure Weighted Average Rates 3 mo 3-12 1-3 3-5 Over 5 3.46% 3.87% 3.22% 3.82% 2.99% 3.76% 2.95% 3.71% Total Va
Slide 12: Hedging Program
Hedging Program Estimated Future Swap Income1 $ in millions; Based on forward rates Hedging Program Update ❑ No additional hedging instruments added during 1Q26 $5.1 $5.1 ❑ Net interest income (NII) sensitivity remains slightly asset sensitive $4.7 $4.5 $4.5 ❑ Hedging strategy designed to manage int
Slide 13: Capital: Focused on maintaining a strong capital position
Capital: Focused on maintaining a strong capital position Tier 1 Leverage Ratio1 CET 1 Capital Ratio1 10.06% 10.14% 12.36% 11.63% 9.96% 9.56% 11.54% 11.58% Commentary 9.87% 8.17% ❑ Share Repurchase Program Reported Adj. ▪ Announced new $175M share repurchase program HTM in February 2026 to replace e
Slide 14: Loan Portfolio and Credit Quality
Loan Portfolio and Credit Quality 14
Slide 15: Loans: Well-diversified, granular portfolio and conservative credit culture
Loans: Well-diversified, granular portfolio and conservative credit culture Loan Portfolio Waterfall Linked Quarter Change by Loan Type $ in millions $ in millions 10% annualized $2,656 Total Loans $441 $17,492 $190 $17,933 RE – Commercial $475 $(2,405) RE – Construction $(252) Funded loans Paydowns
Slide 16: Pipelines: Solid supply of opportunities that meet disciplined credit appetite and pricing
Pipelines: Solid supply of opportunities that meet disciplined credit appetite and pricing Commercial Loan Pipeline by Category $ in millions Opportunity Proposal Ready to Close $1,815 $1,631 $1,611 $1,538 $1,559 Commentary $757 $1,244 $1,265 $564 $490 ❑ Maintaining prudent underwriting standards an
Slide 17: Loans: Conservative LTVs underpin prudent underwriting standards in key sectors
Loans: Conservative LTVs underpin prudent underwriting standards in key sectors Loan Portfolio – Geographic diversification Office (non-owner occupied permanent) Key Statistics At 3/31/26 By State By State NPL Ratio 0.32% 12% 2% Past Due 30+ Days 1.37% 1% 17% Average Loan Size $3.2M 32% 9% $1.1B 49%
Slide 18: CLD: Quick recycling of capital given short duration of portfolio
CLD: Quick recycling of capital given short duration of portfolio Construction and Land Development (CLD) By State % of Total % of Total Key Statistics At 3/31/26 Top 10 MSAs Loans Commitments NPL Ratio 1.50% 19% Dallas-Plano-Irving 11.5% 12.0% Past Due 30+ Days 1.01% 40% Houston-Sugarland-Baytown 1
Slide 19: Loans: Loan portfolio by type and key credit metrics
Loans: Loan portfolio by type and key credit metrics as of December 31, 2025 as of March 31, 2026 % of % of Past Due 30+ Unfunded Unfunded Balance Total Balance Total Days Classified Nonperforming Commitment ACL Commitment $ in millions $ Loans $ Loans $ $ $ $ % Reserve Total Loan Portfolio Credit C
Slide 20: Credit Quality
Credit Quality ACL and Unfunded Commitment Reserve Credit Quality Commentary 1.48% 1.48% 1.50% ❑ Top 10 NPLs total $72.4 million with reserves of $7.2 million, reflecting management’s expectation of limited loss content 1.28% 1.28% ❑ Select recent developments after the end of 1Q26 ▪ $1.8M nonperfor
Slide 21: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements. Certain statements by Simmons First National Corporation (the “Company”, which where appropriate includes the Company’s wholly-owned banking subsidiary, Simmons Bank) contained in this presentation may not be base
Slide 22: Appendix
Appendix 22
Slide 23: Select Balance Sheet and Other Data
Select Balance Sheet and Other Data 1Q26 vs 4Q25 1Q26 vs 1Q25 $ in millions, except per share data 1Q26 4Q25 1Q25 $ Change % Change $ Change % Change Period End Balances Total loans $17,932.9 $17,492.2 $17,094.1 $440.7 3 % $838.8 5 % Investment securities 3,152.3 3,266.2 6,107.4 (113.9) (3) (2,955.1
Slide 24: Income Summary
Income Summary 1Q26 Adjusted1 1Q26 vs Adjusted1 $ in millions, except per share data Reported Adjusted1 4Q25 1Q25 Net interest income $197.2 $197.2 $ (0.1) - % $33.7 21 % Noninterest income 44.2 44.2 (7.5) (15) (2.0) (4) Total revenue 241.4 241.4 (7.6) (3) 31.8 15 Noninterest expense 140.7 140.6 2.0
Slide 25: Non-GAAP Reconciliations
Non-GAAP Reconciliations 1Q 2Q 3Q 4Q 1Q $ in thousands, except per share data 2025 2025 2025 2025 2026 Calculation of Adjusted Earnings1 Net Income (Loss) $ 32,388 $ 54,773 $ (562,792) $ 78,078 $ 68,544 Certain items Branch right sizing, net 994 163 2,004 85 531 Loss on sale of equipment finance bus
Slide 26: Non-GAAP Reconciliations
Non-GAAP Reconciliations 1Q 2Q 3Q 4Q 1Q $ in thousands 2025 2025 2025 2025 2026 Calculation of Pre-Provision Net Revenue (PPNR) Net interest income $ 163,422 $ 171,824 $ 186,661 $ 197,296 $ 197,168 Plus: Noninterest income 46,155 42,354 (756,187) 51,708 44,197 Less: Noninterest expense 144,580 138,5
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations 1Q 2Q 3Q 4Q 1Q $ in thousands, except number of employees (FTE) 2025 2025 2025 2025 2026 Calculation of Total Revenue and Adjusted Total Revenue Net Interest Income (GAAP) $ 163,422 $ 171,824 $ 186,661 $ 197,296 $ 197,168 Noninterest Income (GAAP) 46,155 42,354 (756,187) 51,
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations 1Q 2Q 3Q 4Q 1Q $ in thousands 2025 2025 2025 2025 2026 Calculation of Adjusted Noninterest Expense Noninterest Expense (GAAP) $ 144,580 $ 138,589 $ 142,032 $ 139,862 $ 140,673 Less: Branch right sizing expense 994 163 2,004 85 531 Less: Early retirement program - 1,594 305 -
Slide 29: Non-GAAP Reconciliations
Non-GAAP Reconciliations 1Q 4Q 1Q $ in thousands 2025 2025 2026 Calculation of Adjusted Salaries and Employee Benefits Salaries and employee benefits (GAAP) $ 74,824 $ 72,924 $ 75,885 Less: Early retirement program - - 283 Less: Other - - - Total Adjusted Salaries and Employee Benefits (non-GAAP) $
Slide 30: Non-GAAP Reconciliations
Non-GAAP Reconciliations 1Q 4Q 1Q 1Q $ in thousands 2025 2025 2026 $ in thousands 2026 Calculation of Adjusted Other Real Estate and Foreclosure Expense Calculation of Adjusted ROAA Other real estate and foreclosure expense (GAAP) $ 198 $ 432 $ 315 Net income $ 68,544 Less: Branch right sizing expen
Slide 31: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2Q 2Q $ in thousands 2025 $ in thousands 2025 Calculation of Tier 1 Leverage Ratio Calculation of Total Risk-Based Capital Ratio Stockholders’ equity $ 3,549,210 Tier 1 capital 2,551,006 Less: Disallowed intangible assets, net of deferred tax 1,379,104 Plus: Subordinated not
Slide 32: 1st Quarter 2026 Earnings Presentation
Nasdaq SFNC 1st Quarter 2026 Earnings Presentation April 16, 2026
Simmons First National — Q1 2026 Earnings Presentation on 6ix