Simmons First National Corporation · NASDAQ:SFNC
Simmons First National — Q3 2026 Earnings Presentation
34 slides from Simmons First National's earnings presentation, Oct 15, 2026
Slide 1: 3rd Quarter 2026 Earnings Presentation
Nasdaq SFNC 3rd Quarter 2026 Earnings Presentation October 15, 2026
Slide 2: New York City Investor Day, December 10
New York City I December 10 Join President and CEO Jay Brogdon, CFO Daniel Hobbs, and other members of the executive leadership team for an update on Simmons' strategy, financial performance and vision for the future. Attendance in person is for institutional investors and analysts, by invitation on
Slide 3: Company Overview Simmons First National Corporation
Company Overview Simmons First National Corporation A Mid-South based financial holding company serving our $24.1 $18.6 customers and the communities where we work and live since 1903 BILLION BILLION TOTAL ASSETS TOTAL DEPOSITS $10.8 $17.5 BILLION ASSETS UNDER BILLION 117 CONSECUTIVE YEARS PAYING DI
Slide 4: 3Q26 Financial Highlights
3Q26 Financial Highlights 4
Slide 5: 3Q26 Highlights
3Q26 Highlights ❑ Improved profitability metrics ─ Adjusted ROTCE1 of 15.50%; adjusted ROAA1 of 1.29% Reported Adjusted1 ─ On track to deliver expected double digit adjusted PPNR1 growth, up 21% year-over-year ─ Adjusted efficiency ratio1 improved to 53.31%, down 95 bps Net income $47.1M $79.0M ─ Ye
Slide 6: Income Statement Highlights
Income Statement Highlights Net Interest Income Adjusted Total Revenue2 Adjusted PPNR2 $ in millions $ in millions $ in millions +9% +8% +21% $204.0 $249.0 $251.2 $112.3 $200.6 $248.6 $110.4 $108.2 $197.3 $197.2 $241.4 $100.7 $232.5 $92.8 $186.7 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25
Slide 7: Net Interest Margin (FTE)
Net Interest Margin (FTE) Net Interest Margin1 Net Interest Margin Evolution1 FTE (%) FTE +42 bps 2 bps 3.92% 2 bps 1 bp 3.92% 3 bps 3.84% 3.84% 3.84% 3.81% 3.50% 2Q26 Loan Balance Funding Other 3Q26 Yield Sheet Mix Rate 3Q25 4Q25 1Q26 2Q26 3Q26 Select Yields/Rates FTE (%) Commentary 6.31 6.23 6.16
Slide 8: Noninterest Income
Noninterest Income 3Q26 Adjusted1 3Q26 vs Adjusted1 $ in millions Reported Adjusted1 2Q26 3Q25 Commentary Service charges on deposit accounts $ 13.6 $ 13.6 $ 1.3 10 % $ 0.6 4 % ❑ Linked quarter decrease primarily driven by: Wealth management services 11.4 11.4 1.2 12 1.5 15 • $1.7M decrease in swap
Slide 9: Noninterest Expense
Noninterest Expense 3Q26 Adjusted1 3Q26 vs Adjusted1 Commentary $ in millions Reported Adjusted1 2Q26 3Q25 ❑ Adjusted efficiency ratio1 improves 95 bps to 53.31% Salaries and employee benefits $ 78.1 $ 72.1 $(2.1) (3) % $(3.8) (5) % ❑ $43.1M of non-core, one-time charges (primarily included in “othe
Slide 10: Deposits, Interest Rate Sensitivity, Hedging Program and Capital
Deposits, Interest Rate Sensitivity, Hedging Program and Capital 10
Slide 11: Deposits
Deposits Deposit Mix $ in billions; Period End Balances Evolution of Funding Rates $19.8 $20.2 $20.2 $19.7 $18.6 9.3% 9.4% 9.5% 9.2% 5.0% 5.33% 5.27% 13.2% 4.66% 12.5% 13.4% 14.2% 13.8% 4.33% 4.33% 4.30% 14.7% 13.5% Customer 3.90% 3.64% 3.63% 3.67% 14.0% 13.3% 13.2% 3.53% 3.52% Deposits 3.28% 3.05%
Slide 12: Interest Rate Sensitivity
Interest Rate Sensitivity Loan Portfolio – Repricing and Maturity (contractual) CD Maturities (over the next 12 months) At September 30, 2026 $ in millions $ in millions Repricing Term Rate Structure Weighted Average Rates 3 mo 3-12 1-3 3-5 Over 5 3.41% 3.86% 3.12% 3.71% 2.89% 3.00% Total Variable F
Slide 13: Hedging Program
Hedging Program Estimated Future Hedging Income1 $ in millions; Based on forward rates Hedging Program Update ❑ Added $550 million of 3-year receive fixed swaps during 3Q26 as a hedge to variable rate loans $4.3 • Strategic and financially attractive opportunity to add down rate protection $3.6 • $1
Slide 14: Capital: Focused on maintaining a strong capital position
Capital: Focused on maintaining a strong capital position Tangible Common Equity Ratio1 Regulatory Capital Ratios Commentary 10.06% 10.14% 10.20% 10.41% 9.56% +21 bps ▪ Clear capital priorities 8.91% 1. Organic growth + self funding of attractive 8.71% 8.74% 8.53% 8.62% 5.0% business investments 2.
Slide 15: Loan Portfolio and Credit Quality
Loan Portfolio and Credit Quality 15
Slide 16: 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 $2,312 Total Loans $(597) $18,062 $17,465 RE – Commercial $(113) $(2,763) $(146) RE – Construction $(102) Funded loans Paydowns/ Other1
Slide 17: Pipelines: Solid supply of opportunities that meet disciplined credit appetite
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 $564 $490 $1,256 ❑ Maintaining prudent underwriting standards an
Slide 18: Loans: Conservative LTVs underpin prudent underwriting standards
Loans: Conservative LTVs underpin prudent underwriting standards in key sectors Loan Portfolio – Geographic diversification Office (non-owner occupied permanent) Key Statistics At 9/30/26 By State By State 14% NPL Ratio 0.33% 1% Past Due 30+ Days 0.05% 1% 16% Average Loan Size $3.4M 32% 8% 2% 2% $1.
Slide 19: 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 9/30/26 Top 10 MSAs Loans Commitments NPL Ratio 2.18% 20% Houston-Pasadena-The Woodlands 11.5% 12.1% Past Due 30+ Days 0.07% 40% Dallas-Plano-Irv
Slide 20: Loans: Loan portfolio by type and key credit metrics
Loans: Loan portfolio by type and key credit metrics as of June 30, 2026 as of September 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 C
Slide 21: Credit Quality
Credit Quality ACL and ACL to Total Loans Credit Quality Commentary $ in millions ❑ Year-to-date net charge-offs of 23 bps 1.75% $275.0 1.50% 1.55% 1.37% ❑ Provision expense exceeded net charge-offs by $14.1M on a YTD basis for 2026 1.28% 1.28% 1.32% $250.0 $258.0 1.35% ❑ ACL to total loans up to 1.
Slide 22: Credit Quality
Credit Quality Top 10 Nonperforming Loans Credit Quality Metrics Industry Outstanding Specific Reserve % 1 1-4 Family Commercial CLD $36.1M 14% 1.03% 0.92% 2 CLD – NOO Office $8.3M 22% 0.90% 0.79% 0.78% 3 CRE – Owner Occupied/C&I $7.7M - 0.66% 0.72% 0.64% 0.63% 4 Multifamily $6.6M 15% 50% 0.51% 5 1-
Slide 23: 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 24: Appendix
Appendix 24
Slide 25: Select Balance Sheet and Other Data
Select Balance Sheet and Other Data 3Q26 vs 2Q26 3Q26 vs 3Q25 $ in millions, except per share data 3Q26 2Q26 3Q25 $ Change % Change $ Change % Change Period End Balances Total loans $17,464.7 $18,062.4 $17,188.8 $(597.7) (3) % $275.9 2 % Investment securities 2,743.5 3,077.2 3,319.3 (333.7) (11) (57
Slide 26: Income Summary
Income Summary 3Q26 Adjusted1 3Q26 vs Adjusted1 $ in millions, except per share data Reported Adjusted1 2Q26 3Q25 Net interest income $204.0 $204.0 $3.3 2 % $17.3 9 % Noninterest income 47.2 47.2 (0.7) (2) 1.3 3 Total revenue 251.2 251.2 2.6 1 18.6 8 Noninterest expense 182.0 138.9 (1.4) (1) (0.8) (
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q $ in thousands, except per share data 2025 2025 2026 2026 2026 Calculation of Adjusted Earnings1 Net Income (Loss) $ (562,792) $ 78,078 $ 68,544 $ 66,691 $ 47,113 Certain items Branch/real estate rightsizing, net 2,004 85 531 6,099 14,186 Loss on sale of equip
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q $ in thousands 2025 2025 2026 2026 2026 Calculation of Pre-Provision Net Revenue (PPNR) Net interest income $ 186,661 $ 197,296 $ 197,168 $ 200,627 $ 203,976 Plus: Noninterest income (756,187) 51,708 44,197 47,939 47,191 Less: Noninterest expense 142,032 139,8
Slide 29: Non-GAAP Reconciliations
Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q $ in thousands, except number of employees (FTE) 2025 2025 2026 2026 2026 Calculation of Total Revenue and Adjusted Total Revenue Net Interest Income (GAAP) $ 186,661 $ 197,296 $ 197,168 $ 200,627 $ 203,976 Noninterest Income (GAAP) (756,187) 51,708 44,197 47,
Slide 30: Non-GAAP Reconciliations
Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q $ in thousands 2025 2025 2026 2026 2026 Calculation of Adjusted Noninterest Expense Noninterest Expense (GAAP) $ 142,032 $ 139,862 $ 140,673 $ 147,739 $ 182,035 Less: Branch/real estate rightsizing expense 2,004 85 531 6,099 14,186 Less: Severance/early retire
Slide 31: Non-GAAP Reconciliations
Non-GAAP Reconciliations 3Q 2Q 3Q $ in thousands 2025 2026 2026 Calculation of Adjusted Salaries and Employee Benefits Salaries and employee benefits (GAAP) $ 76,249 $ 75,590 $ 78,077 Less: Severance/early retirement program 305 1,320 5,997 Less: Other 1 (4) (56) Total Adjusted Salaries and Employee
Slide 32: Non-GAAP Reconciliations
Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q $ in thousands 2025 2025 2026 2026 2026 Calculation of Tangible Common Equity (TCE) Total common stockholders’ equity $ 3,353,963 $ 3,419,240 $ 3,437,734 $ 3,481,859 $ 3,349,804 Less: Intangible assets 1,408,319 1,405,222 1,402,124 1,399,027 1,395,931 Total ta
Slide 33: Non-GAAP Reconciliations
Non-GAAP Reconciliations YTD YTD $ in thousands 2025 2026 Calculation of Adjusted Operating Leverage Net interest income $ 521,907 $ 601,771 Noninterest income (667,678) 139,327 Total Revenue $ (145,771) $ 741,098 Noninterest income $ (667,678) $ 139,327 Plus: Loss on sale of securities 801,492 - Pl
Slide 34: 3rd Quarter 2026 Earnings Presentation
Nasdaq SFNC 3rd Quarter 2026 Earnings Presentation October 15, 2026
Simmons First National — Q3 2026 Earnings Presentation on 6ix