Simmons First National Corporation · NASDAQ:SFNC
Simmons First National — Q2 2026 Earnings Presentation
33 slides from Simmons First National's earnings presentation, Jul 17, 2026
Slide 1: 2nd Quarter 2026 Earnings Presentation
Nasdaq SFNC 2nd Quarter 2026 Earnings Presentation July 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 $24.8 $19.7 customers and the communities where we work and live since 1903 BILLION BILLION TOTAL ASSETS TOTAL DEPOSITS $10.4 $18.1 BILLION ASSETS UNDER BILLION 117 CONSECUTIVE YEARS PAYING DI
Slide 3: 2Q26 Financial Highlights
2Q26 Financial Highlights 3
Slide 4: 2Q26 Highlights
2Q26 Highlights ❑ On track to deliver double-digit PPNR1 growth in 2026 ─ Adjusted PPNR1 growth of 40% year-over-year Reported Adjusted1 ─ Balanced revenue growth led by an 8% increase in noninterest income ─ Stable net interest margin2 of 3.84%; cost of deposits declined 3 bps Net income $66.7M $72
Slide 5: Income Statement Highlights
Income Statement Highlights Net Interest Income Adjusted Total Revenue2 Adjusted PPNR2 $ in millions $ in millions $ in millions +17% +16% +40% $200.6 $249.0 $248.6 $110.4 $197.3 $197.2 $108.2 $241.4 $100.7 $232.5 $92.8 $186.7 $214.2 $77.3 $171.8 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 2Q2
Slide 6: Net Interest Margin (FTE)
Net Interest Margin (FTE) Net Interest Margin1 Net Interest Margin Evolution1 FTE (%) FTE +78 bps 2 bps 3.81% 3.84% 3.84% 2 bps 3.84% 3.84% 3.50% (1) bp (3) bps 3.06% 1Q26 Funding Loan Day Hedges/ 2Q26 Rate Yield Count Other 2Q25 3Q25 4Q25 1Q26 2Q26 Select Yields/Rates FTE (%) 6.26 6.31 6.23 6.16 6.
Slide 7: Noninterest Income
Noninterest Income 2Q26 Adjusted1 2Q26 vs Adjusted1 $ in millions Reported Adjusted1 1Q26 2Q25 Service charges on deposit accounts $ 12.3 $ 12.3 $(0.3) (3) % $(0.3) (2) % Commentary Wealth management fees 10.2 10.2 (0.3) (3) 0.8 8 ❑ Linked quarter increase primarily driven by: • $0.5M increase in de
Slide 8: Noninterest Expense
Noninterest Expense 1 1 2Q26 Adjusted 2Q26 vs Adjusted Commentary $ in millions Reported Adjusted1 1Q26 2Q25 ❑ Adjusted efficiency ratio1 improves 626 bps year-over- year to 54.26% Salaries and employee benefits $ 75.6 $ 74.3 $(1.3) (2) % $ 2.0 3 % ❑ Continuation of efficiency initiatives more than
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 $21.8 $19.8 $20.2 $20.2 $19.7 9.3% 9.4% 9.5% 9.2% 5.33% 5.27% 14.8% 12.5% 4.66% 13.4% 14.2% 13.8% 4.33% 4.33% 4.30% 13.5% 14.7% Customer 3.90% 3.64% 3.63% 14.0% 13.3% 13.2
Slide 11: Interest Rate Sensitivity
Interest Rate Sensitivity Loan Portfolio – Repricing and Maturity (contractual) CD Maturities (over the next 12 months) At June 30, 2026 $ in millions $ in millions Repricing Term Rate Structure Weighted Average Rates 3 mo 3-12 1-3 3-5 Over 5 3.38% 3.91% 3.10% 3.86% 3.02% 3.71% 2.72% Total Variable
Slide 12: Hedging Program
Hedging Program Estimated Future Swap Income1 $ in millions; Based on forward rates Hedging Program Update $4.9 ❑ No additional hedging instruments added during 2Q26 $3.8 $3.9 ❑ Net interest income (NII) sensitivity remains slightly asset sensitive $3.6 $3.5 ❑ 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% 10.20% 12.36% 11.63% 11.58% 9.96% 9.56% 11.54% 11.60% Commentary 8.17% 9.87% ❑ Share Repurchase Program Reported Adj. ▪ Repurchased approximately 0.7 million shares HTM during 2Q26 at
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 $2,469 Total Loans $129 $17,933 $147 $18,062 RE – Commercial $64 $(2,487) RE – Construction $(44) Funded loans Paydowns/ Other1 /advance
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 $1,428 Commentary $757 $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 6/30/26 By State By State 10% NPL Ratio 0.33% 1% 2% Past Due 30+ Days 1.72% 17% 9% Average Loan Size $3.2M 31% 2% $1.1B
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 6/30/26 Top 10 MSAs Loans Commitments NPL Ratio 2.15% 19% Dallas-Plano-Irving 11.3% 12.3% Past Due 30+ Days 0.00% Houston-Sugarland-Baytown 11.3%
Slide 19: Loans: Loan portfolio by type and key credit metrics
Loans: Loan portfolio by type and key credit metrics as of March 31, 2026 as of June 30, 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 Card
Slide 20: Credit Quality
Credit Quality ACL and ACL to Total Loans Credit Quality Commentary $ in millions ❑ Year-to-date net charge-offs of 21 bps; maintain full-year 2026 guidance of ~25 bps 1.75% $275.0 1.48% 1.50% 1.55% 1.28% 1.28% 1.32% ❑ Provision expense exceeded net charge-offs by $8.3M in 2Q26 $250.0 $258.0 1.35% $
Slide 21: Credit Quality
Credit Quality Top 10 Nonperforming Loans Credit Quality Metrics Industry Outstanding Specific Reserve % 1 1-4 Family Commercial CLD $44.0M 11% 0.92% 0.90% 0.92% 2 CLD – NOO Office $8.3M 21% 0.79% 0.72% 3 CRE – Owner Occupied/C&I $7.0M - 0.62% 0.66% 0.64% 0.63% 4 Multifamily $6.6M 15% 0.51% 5 1-4 Fa
Slide 22: 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 23: Appendix
Appendix 23
Slide 24: Select Balance Sheet and Other Data
Select Balance Sheet and Other Data 2Q26 vs 1Q26 2Q26 vs 2Q25 $ in millions, except per share data 2Q26 1Q26 2Q25 $ Change % Change $ Change % Change Period End Balances Total loans $18,062.4 $17,932.9 $17,111.1 $129.5 1 % $951.3 6 % Investment securities 3,077.2 3,152.3 5,996.9 (75.1) (2) (2,919.7)
Slide 25: Income Summary
Income Summary 2Q26 Adjusted1 2Q26 vs Adjusted1 $ in millions, except per share data Reported Adjusted1 1Q26 2Q25 Net interest income $200.6 $200.6 $3.5 2 % $28.8 17 % Noninterest income 47.9 47.9 3.7 8 5.6 13 Total revenue 248.6 248.6 7.2 3 34.4 16 Noninterest expense 147.7 140.3 (0.3) - 3.5 3 2 Pr
Slide 26: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2Q 3Q 4Q 1Q 2Q $ in thousands, except per share data 2025 2025 2025 2026 2026 Calculation of Adjusted Earnings1 Net Income (Loss) $ 54,773 $ (562,792) $ 78,078 $ 68,544 $ 66,691 Certain items Branch/real estate rightsizing, net 163 2,004 85 531 6,099 Loss on sale of equipmen
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2Q 3Q 4Q 1Q 2Q $ in thousands 2025 2025 2025 2026 2026 Calculation of Pre-Provision Net Revenue (PPNR) Net interest income $ 171,824 $ 186,661 $ 197,296 $ 197,168 $ 200,627 Plus: Noninterest income 42,354 (756,187) 51,708 44,197 47,939 Less: Noninterest expense 138,589 142,0
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2Q 3Q 4Q 1Q 2Q $ in thousands, except number of employees (FTE) 2025 2025 2025 2026 2026 Calculation of Total Revenue and Adjusted Total Revenue Net Interest Income (GAAP) $ 171,824 $ 186,661 $ 197,296 $ 197,168 $ 200,627 Noninterest Income (GAAP) 42,354 (756,187) 51,708 44,
Slide 29: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2Q 3Q 4Q 1Q 2Q $ in thousands 2025 2025 2025 2026 2026 Calculation of Adjusted Noninterest Expense Noninterest Expense (GAAP) $ 138,589 $ 142,032 $ 139,862 $ 140,673 $ 147,739 Less: Branch/real estate rightsizing expense 163 2,004 85 531 6,099 Less: Severance/early retiremen
Slide 30: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2Q 1Q 2Q $ in thousands 2025 2026 2026 Calculation of Adjusted Salaries and Employee Benefits Salaries and employee benefits (GAAP) $ 73,862 $ 75,885 $ 75,590 Less: Severance/early retirement program 1,594 283 1,320 Less: Other (1) - (4) Total Adjusted Salaries and Employee
Slide 31: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2Q 1Q 2Q 2Q $ in thousands 2025 2026 2026 $ in thousands 2026 Calculation of Adjusted Other Real Estate and Foreclosure Expense Calculation of Adjusted ROAA Other real estate and foreclosure expense (GAAP) $ 216 $ 315 $ 695 Net income $ 66,691 Less: Branch right sizing expen
Slide 32: 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 33: 2nd Quarter 2026 Earnings Presentation
Nasdaq SFNC 2nd Quarter 2026 Earnings Presentation July 16, 2026
Simmons First National — Q2 2026 Earnings Presentation on 6ix