Simmons Earnings Reports

Simmons First National Corporation posted modest earnings for Q1 2025, with steady net interest income and growth in noninterest income. Despite pressure from two large nonperforming loans and a related fraud event, the company managed to expand its net interest margin for the fourth consecutive quarter.

Simmons First National Corporation reported a net income of $48.3 million for Q4 2024, with diluted earnings per share of $0.38. The results showed improvements in profitability trends and an increase in net interest margin. Total revenue was $208.5 million.

Simmons First National Corporation reported a net income of $24.7 million and diluted EPS of $0.20 for Q3 2024. The quarter was affected by a loss on the sale of investment securities, but adjusted results showed solid growth. Credit trends remained steady, and the company's capital and liquidity positions are strong.

Simmons First National Corporation reported a net income of $40.8 million and diluted EPS of $0.32 for Q2 2024. Total revenue reached $197.2 million, with a net interest margin of 2.69%. The company saw positive credit quality trends and maintained strong capital and liquidity positions.

Simmons First National Corporation reported a net income of $38.9 million for Q1 2024, with diluted EPS of $0.31. Total revenue stood at $195.1 million. The company saw growth in total loans and deposits, and maintained a stable net interest margin. Credit trends are normalizing, with provision expense exceeding net charge-offs.

Simmons First National Corporation reported a net income of $23.9 million and diluted EPS of $0.19 for Q4 2023. The results were impacted by a loss on the sale of AFS investment securities and a FDIC special assessment. However, net interest income and net interest margin increased on a linked quarter basis, driven by strong loan and deposit pricing discipline and deposit growth. The board authorized a new $175 million share repurchase program and approved a 5% increase in the quarterly cash dividend.

Simmons First National Corporation reported a net income of $47.2 million and diluted earnings per share of $0.37 for the third quarter of 2023. Adjusted earnings were $48.8 million and adjusted earnings per share were $0.39. The company achieved its Better Bank Initiative cost savings target one quarter sooner than anticipated, leading to a 5% decline in noninterest expense. Average loans were up 9% and average deposits were up 3% year-over-year.

Simmons First National Corporation reported a net income of $58.3 million and diluted earnings per share of $0.46 for the second quarter of 2023. Adjusted earnings were $61.1 million and adjusted diluted earnings per share were $0.48. Total loans ended the quarter at $16.8 billion, up 2 percent, and total deposits at $22.5 billion, up slightly, both on a linked quarter basis.

Simmons First National Corporation reported a net income of $45.6 million for Q1 2023, a decrease compared to $83.3 million in Q4 2022 and $65.1 million in Q1 2022. The results reflect challenges from rising interest rates and market volatility, though deposit levels remained stable and credit quality metrics stayed strong. The company is focused on its Better Bank Initiative to optimize operations and improve customer experience.

Simmons First National Corporation reported a record quarterly net income of $83.3 million for Q4 2022, with diluted earnings per share of $0.65. The company saw solid balance sheet growth and maintained a strong capital position, leading to a 5% increase in the cash dividend for Q1 2023.

Simmons First National Corporation reported a net income of $80.6 million for Q3 2022, with diluted earnings per share of $0.63. Total revenue increased by 5% compared to the previous quarter, and noninterest expense decreased by 11%. The company's performance reflects the diversity of its franchise and its ability to navigate the current economic environment.

Simmons First National Corporation reported a net income of $27.5 million for Q2 2022. The quarter's results were significantly impacted by accounting adjustments and one-time merger expenses related to the acquisition of Spirit of Texas Bancshares. Excluding these items, the adjusted diluted earnings per share were $0.52.

Simmons First National Corporation reported a net income of $65.1 million and diluted earnings per share of $0.58 for the first quarter of 2022. The results were driven by accelerating loan demand and continued growth of low-cost deposits. The company also completed the acquisition and conversion of Spirit of Texas Bancshares, Inc.

Simmons First National Corporation reported a net income of $48.2 million for the fourth quarter of 2021, compared to $53.0 million in the fourth quarter of 2020. Diluted earnings per share for the fourth quarter of 2021 were $0.42, compared to $0.49 for the fourth quarter of 2020. The company's board of directors has declared a quarterly cash dividend on the Company’s Class A common stock of $0.19 per share.

Simmons First National Corporation reported a strong third quarter in 2021, with net income increasing by 22 percent to $80.6 million and diluted earnings per share rising by 23 percent to $0.74 compared to the third quarter of 2020. The company completed acquisitions of Landmark Community Bank and Triumph Bancshares shortly after the quarter's end. Loan production reached $1.5 billion, and the commercial loan pipeline increased for the fourth consecutive quarter.

Simmons First National Corporation reported a strong second quarter in 2021, with net income increasing by 27 percent compared to the same period last year. The company saw improvements in asset quality metrics and an increase in commercial loan demand, supported by solid performance across multiple areas.

Simmons First National Corporation announced a net income of $67.4 million for Q1 2021, a decrease compared to the same period in 2020. The decrease was primarily due to differences in the gains on the sale of securities. Loan demand was below historical levels, but the pipeline rebuilt during the quarter. Asset quality improved compared to 2020.

Simmons First National Corporation reported a net income of $53.0 million for the fourth quarter of 2020, compared to $52.7 million for the same period in 2019. Diluted earnings per share were $0.49 for the fourth quarters of both 2020 and 2019. Core earnings, excluding certain non-core items, were $62.0 million, a decrease of $9.1 million, or 12.8%, compared to the fourth quarter of 2019.

Simmons First National Corporation announced a net income of $65.9 million for Q3 2020, a decrease of 19.5% compared to Q3 2019. Core earnings were $68.3 million, a decrease of 18.6% from the same period in 2019.

Simmons First National Corporation reported a net income of $58.8 million for the second quarter of 2020, an increase of 5.7% compared to the same period in 2019. Diluted earnings per share were $0.54, a decrease of 6.9% compared to the prior year. Total loans were $14.6 billion, and total deposits were $16.6 billion.

Simmons First National Corporation reported a strong first quarter in 2020, with net income increasing by 61.9% compared to the same period in 2019. The company's performance was bolstered by recent mergers and strategic branch sales.

Simmons First National Corporation reported a net income of $52.7 million for Q4 2019, a decrease compared to the same period in 2018. However, core earnings, excluding merger-related and branch right-sizing costs, increased to $71.1 million. The company's performance was influenced by recent mergers and investments in technology initiatives.