topstockalerts
Apr 17, 12:40 AM
Simmons First National Corporation reported Q1 earnings in line with expectations, with adjusted EPS of
$0.47 matching consensus. Revenue was
$241.4M, slightly below estimates but up 15% YoY, and the stock was unchanged post-earnings.
Net income was
$68.5M vs.
$78.1M in Q4 2025 and
$32.4M a year ago, supported by 10% annualized loan growth and net interest margin expansion to 3.84%, while deposit costs fell to 1.96%.
Total loans rose to
$17.9B, driven by broad-based growth across commercial and industrial, CRE, warehouse lending, and agriculture. Deposits reached
$20.2B with modest growth led by interest-bearing and savings accounts.
Credit quality showed net charge-offs of 21 bps, with provision exceeding charge-offs by
$5.5M due to loan growth. Allowance for credit losses stayed at 1.28%, while nonperforming loans increased to
$141.9M, mainly from a single well-collateralized construction exposure.
$SFNC
