Recent Updates — SFNC

Simmons First National Corporation reported third-quarter 2026 net income of $47.1 million, or $0.32 per diluted share, compared to $66.7 million in the second quarter. Adjusted net income was $79.0 million, or $0.54 per adjusted diluted share. Total revenue reached $251.2 million with a pre-provision net revenue of $69.1 million. The company deleveraged its balance sheet, reducing total loans to $17.5 billion and deposits to $18.6 billion. Net interest margin expanded 8 basis points to 3.92%. Simmons First National Corporation is a Mid-South based financial holding company that operates through its principal subsidiary, Simmons Bank.

Simmons First National Corporation announced the closure of 26 Simmons Bank branches across its six-state footprint to align with evolving customer preferences. The closures are effective December 4, 2026, affecting approximately 100 associates, with management expecting to retain about 70% through internal placement. The company anticipates aggregate pre-tax restructuring expenses of $20 million to $23 million for the branch closures, including real estate write-downs and lease termination fees. These costs are part of broader strategic initiatives expected to incur total third-quarter 2026 pre-tax expenses of $40 million to $45 million. Management projects these structural changes will positively impact annual pre-provision net revenue by approximately $37 million to $42 million once fully implemented. Simmons First National Corporation operates as a regional bank holding company providing financial services through its subsidiary, Simmons Bank.

Simmons First National Corporation reported second quarter 2026 net income of $66.7 million and diluted EPS of $0.46, compared to $54.8 million and $0.43 in 2Q25. Total revenue was $248.6 million with a net interest margin of 3.84%. The company declared a cash dividend of $0.2150 per share. Total loans increased to $18.1 billion, while total deposits decreased to $19.7 billion. Asset quality metrics included a net charge-off ratio of 20 basis points and an allowance for credit losses (ACL) of 1.32%. During the quarter, the company repurchased 0.7 million shares at an average price of $21.52. The company operates as a financial holding company providing comprehensive banking solutions through its subsidiary, Simmons Bank.