PINE BLUFF, Ark., April 16, 2026 /PRNewswire/ --
Financial Highlights 1Q26 4Q25 1Q25
1Q26 Highlights
Income Statement Summary (in millions)
Comparisons reflect 1Q26 vs 4Q25
unless otherwise noted
• Net income of $68.5 million and diluted EPS of $0.47
• Adjusted net income(1) of $68.6 million and adjusted diluted
EPS(1) of $0.47
• ROAA of 1.13% and ROE of 8.01%
• Adjusted ROAA(1) of 1.13%; adjusted ROTCE(1) of 13.91%
• Total revenue of $241.4 million and PPNR(1) of $100.7
million
• Net interest margin up 3 bps to 3.84%; cost of deposits down
8 bps to 1.96%
• Efficiency ratio of 57.56%; adjusted efficiency ratio(1) of
56.16%
• Broad based growth drives total loans up 10% annualized
• Unfunded commitments up 5%
• Total average deposits up 6% annualized
• Provision expense exceeded net charge-offs by $5.5 million
• NCO ratio at 21 bps for 1Q26; ACL steady at 1.28%
Total revenue $241.4 $249.0 $209.6
Adjusted total revenue(1) 241.4 249.0 209.6
Pre-provision net revenue(1) (PPNR) 100.7 109.1 65.0
Adjusted pre-provision net revenue(1) 100.7 110.4 66.0
Provision for credit losses 14.6 15.1 26.8
Net income 68.5 78.1 32.4
Adjusted net income(1) 68.6 79.0 33.1
Per share Data
Diluted earnings $0.47 $0.54 $0.26
Adjusted diluted earnings(1) 0.47 0.54 0.26
Cash dividend declared 0.2150 0.2125 0.2125
Balance Sheet (in millions)
Total loans $17,933 $17,492 $17,094
Total deposits 20,203 20,184 21,685
Total assets 24,693 24,541 26,793
Total shareholders' equity 3,438 3,419 3,531
Asset Quality
Net charge-off ratio (NCO ratio) 0.21 % 1.12 % 0.23 %
Allowance for credit losses to loans (ACL) 1.28 1.28 1.48
Capital Ratios
Equity to assets (EA) ratio 13.92 % 13.93 % 13.18 %
Tangible common equity (TCE) ratio(1) 8.74 8.71 8.34
Common equity tier 1 (CET1) ratio 11.58 11.63 12.21
Total risk-based capital ratio 14.36 14.45 14.59
Other Ratios
Return on average assets 1.13 % 1.28 % 0.49 %
Adjusted return on average assets(1) 1.13 1.29 0.50
Return on average common equity 8.01 9.08 3.69
Return on average tangible common equity(1) 13.90 15.92 6.61
Adj. return onavg. tangible common equity(1) 13.91 16.10 6.75
Net interest margin (FTE) 3.84 3.81 2.95
Efficiency ratio 57.56 55.52 66.94
Adjusted efficiency ratio(1) 56.16 53.64 64.75
Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results:
Simmons delivered solid results in the first quarter driven by strong loan growth, expanding margin, and continued earnings momentum. Loans grew 10 percent linked quarter annualized, with growth broad-based across geography and industry. Net interest margin expanded linked quarter, increasing three basis points to 3.84 percent, benefiting from disciplined relationship pricing, fixed rate asset repricing and improving funding costs. Net charge-offs for the quarter were 21 basis points and provision expense exceeded net charge-offs by $5.5 million, primarily due to loan growth.
Looking forward, we remain committed to delivering disciplined growth and designing a more efficient and scalable infrastructure. The talent environment continues to be favorable and supports our organic growth priorities. We are increasingly optimistic about the prospects for consistently achieving returns that exceed our long-range targets.
Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $68.5 million for the first quarter of 2026, compared to net income of $78.1 million for the fourth quarter of 2025 and net income of $32.4 million for the first quarter of 2025. Diluted earnings per share were $0.47 for the first quarter of 2026, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025. Adjusted earnings1 for the first quarter of 2026 were $68.6 million, compared to $79.0 million for the fourth quarter of 2025 and $33.1 million for the first quarter of 2025. Adjusted diluted earnings per share1 for the first quarter of 2026 were $0.47, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025.
For the first quarter of 2026, return on average assets was 1.13 percent and return on average common equity was 8.01 percent. Adjusted return on average assets1 was 1.13 percent and adjusted return on average tangible common equity1 was 13.91 percent.
The table below summarizes the impact of certain items, consisting primarily of FDIC deposit insurance special assessment, professional services, branch right sizing costs, early retirement program costs and a loss on the sale of equipment finance business. These items are also described in further detail in the "Reconciliation of Non-GAAP Financial Measures" tables contained in this press release.
Impact of Certain Items on Earnings and Diluted Earnings Per Share (EPS)
$ in millions, except per share data 1Q26 4Q25 1Q25
Net income $68.5 $78.1 $32.4
FDIC deposit insurance special assessment (2.0)
Professional services 1.2
Branch right sizing costs, net 0.6 0.1 1.0
Early retirement program costs 0.3
Loss on sale of equipment finance business 1.1
Total pre-tax impact 0.1 1.2 1.0
Tax effect (0.3) (0.3)
Total impact on earnings 0.1 0.9 0.7
Adjusted earnings
1, 3 $68.6 $79.0 $33.1
Diluted EPS $0.47 $0.54 $0.26
FDIC deposit insurance special assessment (0.01)
Professional services 0.01
Branch right sizing costs, net
Early retirement program costs
Loss on sale of equipment finance business 0.01
Total pre-tax impact 0.01
Tax effect (0.01)
Total impact on earnings
Adjusted Diluted EPS
(1) $0.47 $0.54 $0.26
Net Interest Income
Net interest income for the first quarter of 2026 totaled $197.2 million, compared to $197.3 million for the fourth quarter of 2025 and $163.4 million for the first quarter of 2025. The increase in net interest income on a year-over-year basis was primarily due to a $39.8 million decrease in interest expense, which included a $32.9 million decrease in interest bearing deposit costs and a $6.9 million decrease in the cost of other interest bearing liabilities. The decrease in interest expense compared to the prior year quarter reflected a reduction of wholesale funding as a result of the balance sheet repositioning completed in the third quarter of 2025, as well as a lower interest rate environment.
Net interest margin for the first quarter of 2026 on a fully taxable equivalent basis was 3.84 percent, up 3 basis points compared to 3.81 percent for the fourth quarter of 2025 and up 89 basis points compared to 2.95 percent for the first quarter of 2025. The increase in net interest margin on a linked quarter basis was driven by a 6 percent annualized increase in average loans, coupled with a 13 percent annualized increase in average low-cost interest bearing transaction and savings accounts. The increase in net interest margin on a year-over-year basis primarily reflected the balance sheet repositioning that was completed during the third quarter of 2025.
Select Yield/Rates
1Q26 4Q25 3Q25 2Q25 1Q25
Loan yield (FTE)(2) 6.16 % 6.23 % 6.31 % 6.26 % 6.20 %
Investment securities yield (FTE)(2) 4.25 4.30 4.01 3.48 3.48
Cost of interest bearing deposits 2.47 2.62 2.86 2.97 3.05
Cost of deposits 1.96 2.04 2.25 2.36 2.44
Net interest spread (FTE)(2) 3.27 3.18 2.86 2.41 2.30
Net interest margin (FTE)(2) 3.84 3.81 3.50 3.06 2.95
Noninterest Income
Noninterest income for the first quarter of 2026 was $44.2 million, compared to $51.7 million in the fourth quarter of 2025 and $46.2 million in the first quarter of 2025. The decrease in noninterest income on a linked quarter basis was primarily due to a Small Business Investment Company (SBIC) negative valuation adjustment in the first quarter of 2026 and proceeds from bank owned life insurance death benefits recorded in the fourth quarter of 2025, both of which are included in other income in the table below.
Noninterest Income 1Q26 4Q25 3Q25 2Q25 1Q25
$ in millions
Service charges on deposit accounts $12.7 $12.7 $13.0 $12.6 $12.6
Wealth management fees 10.5 10.3 10.0 9.5 9.6
Debit and credit card fees 8.5 8.7 8.5 8.6 8.4
Mortgage lending income 1.9 2.2 2.3 1.7 2.0
Other service charges and fees 1.6 1.5 1.5 1.3 1.3
Bank owned life insurance 4.2 3.9 3.9 3.9 4.1
Gain (loss) on sale of securities (801.5)
Other income 4.8 12.4 6.1 4.8 8.0
Total noninterest income $44.2 $51.7 $(756.2) $42.4 $46.2
Adjusted noninterest income(1) $44.2 $51.7 $45.9 $42.4 $46.2
Noninterest Expense
Noninterest expense for the first quarter of 2026 was $140.7 million, compared to $139.9 million in the fourth quarter of 2025 and $144.6 million in the first quarter of 2025. Included in noninterest expense are certain items consisting of branch right sizing costs, early retirement program costs, termination of vendor and software services, FDIC Deposit Insurance special assessment, professional services and a loss on the sale of an equipment finance business. Collectively, these items totaled $30 thousand in the first quarter of 2026, $1.2 million in the fourth quarter of 2025 and $1.0 million in the first quarter of 2025. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" table below) adjusted noninterest expense1 was $140.6 million in the first quarter of 2026, $138.6 million in the fourth quarter of 2025 and $143.6 million in the first quarter of 2025. The increase in adjusted noninterest expense on a linked quarter basis was primarily due to an increase in salaries and benefits reflecting a seasonal increase in payroll taxes expense incurred during the first quarter of 2026.
Noninterest Expense 1Q26 4Q25 3Q25 2Q25 1Q25
$ in millions
Salaries and employee benefits $75.9 $72.9 $76.2 $73.9 $74.8
Occupancy expense, net 12.2 11.6 12.1 11.8 12.7
Furniture and equipment 5.4 5.3 5.3 5.5 5.5
Deposit insurance 2.3 4.7 5.2 4.9 5.4
Other real estate and foreclosure expense 0.3 0.4 0.2 0.2 0.2
Other operating expenses 44.5 44.8 43.0 42.3 46.1
Total noninterest expense $140.7 $139.9 $142.0 $138.6 $144.6
Adjusted salaries and employee benefits(1) $75.6 $72.9 $75.9 $72.3 $74.8
Adjusted other operating expenses(1) 43.1 44.0 41.5 42.5 45.9
Adjusted noninterest expense(1) 140.6 138.6 139.7 136.8 143.6
Efficiency ratio 57.56 % 55.52 % (25.11) % 62.82 % 66.94 %
Adjusted efficiency ratio(1) 56.16 53.64 57.72 60.52 64.75
Full-time equivalent employees 2,913 2,917 2,883 2,947 2,949
Number of financial centers 221 222 223 223 222
Loans and Unfunded Loan Commitments
Total loans at the end of the first quarter of 2026 were $17.9 billion, up $440.7 million, or 10 percent annualized, compared to $17.5 billion at the end of the fourth quarter of 2025. The increase in total loans was driven by increases in commercial real estate, commercial and industrial, mortgage warehouse and agricultural portfolios, offset in part by a decrease in real estate construction. Unfunded loan commitments at the end of the first quarter of 2026 were $4.1 billion, compared to $3.9 billion at the end of the fourth quarter of 2025. The commercial loan pipeline totaled $1.6 billion at the end of the first quarter of 2026, and ready-to-close commercial loans totaled $651 million with a weighted average rate of 6.40 percent.
Loans and Unfunded Loan Commitments 1Q26 4Q25 3Q25 2Q25 1Q25
$ in millions
Total loans $17,933 $17,492 $17,189 $17,111 $17,094
Unfunded loan commitments 4,068 3,871 3,955 3,947 3,888
Deposits and Other Borrowings
Total deposits at the end of the first quarter of 2026 were $20.2 billion, up $19 million compared to the end of the fourth quarter of 2025. The increase in total deposits reflected a $214 million increase in interest bearing transaction accounts and savings accounts, offset primarily from the continued planned run-off of higher rate, non-relationship time deposits or subsequent reinvestment of maturing time deposits into lower cost deposits. The decrease in total deposits on a year-over-year basis primarily reflects a reduction of higher rate, non-relationship wholesale and public fund deposits as part of the balance sheet repositioning completed during the third quarter of 2025.
Other borrowings at the end of the first quarter of 2026 were $446.8 million, compared to $302.3 million at the end of the fourth quarter of 2025 and $884.9 million at the end of the first quarter of 2025. The decrease in other borrowings on a year-over-year basis reflected a reduction of higher cost wholesale funding, primarily FHLB advances, as part of the balance sheet repositioning completed during the third quarter of 2025.
Deposits 1Q26 4Q25 3Q25 2Q25 1Q25
$ in millions
Noninterest bearing deposits $4,290 $4,330 $4,377 $4,468 $4,455
Interest bearing transaction accounts 10,667 10,453 10,289 10,532 10,621
Time deposits 3,334 3,508 3,331 3,588 3,695
Brokered deposits 1,912 1,893 1,841 3,237 2,914
Total deposits $20,203 $20,184 $19,838 $21,825 $21,684
Noninterest bearing deposits to total deposits 21 % 21 % 22 % 20 % 21 %
Total loans to total deposits 89 87 87 78 79
Asset Quality
Provision for credit losses on loans totaled $14.6 million for the first quarter of 2026, compared to $15.1 million in the fourth quarter of 2025 and $26.8 million in the first quarter of 2025. Net charge-offs as a percentage of average loans for the first quarter of 2026 were 21 basis points, compared to 112 basis points in the fourth quarter of 2025 and 23 basis points in the first quarter of 2025. Provision for credit losses on loans exceeded net charge-offs by $5.5 million during the first quarter of 2026 primarily as a result of strong loan growth during the quarter. The allowance for credit losses on loans at the end of the first quarter of 2026 was $229.9 million, compared to $224.4 million at the end of the fourth quarter of 2025 and $252.2 million at the end of the first quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the first quarter of 2026 was 1.28 percent, unchanged from the end of the fourth quarter of 2025.
Total nonperforming loans at the end of the first quarter of 2026 totaled $141.9 million, compared to $112.7 million at the end of the fourth quarter of 2025 and $152.3 million at the end of the first quarter of 2025. The increase in nonperforming loans on a linked quarter basis was primarily due to a single real estate construction relationship that is well collateralized and that management believes has limited loss content. The nonperforming loan coverage ratio ended the first quarter of 2026 at 162 percent, compared to 199 percent at the end of the fourth quarter of 2025 and 165 percent at the end of the first quarter of 2025. Total nonperforming assets as a percentage of total assets were 63 basis points at the end of the first quarter of 2026, compared to 51 basis points at the end of the fourth quarter of 2025 and 61 basis points at the end of the first quarter of 2025.
Asset Quality 1Q26 4Q25 3Q25 2Q25 1Q25
$ in millions
Allowance for credit losses on loans to total loans 1.28 % 1.28 % 1.50 % 1.48 % 1.48 %
Allowance for credit losses on loans to 162 199 168 161 165
nonperforming loans
Nonperforming loans to total loans 0.79 0.64 0.90 0.92 0.89
Net charge-off ratio (annualized) 0.21 1.12 0.25 0.25 0.23
Net charge-off ratio YTD (annualized) 0.21 0.47 0.24 0.24 0.23
Total nonperforming loans $141.9 $112.7 $153.9 $157.2 $152.3
Total other nonperforming assets 12.6 12.4 6.8 9.5 10.0
Total nonperforming assets $154.5 $125.1 $160.7 $166.7 $162.3
Reserve for unfunded commitments $25.6 $25.6 $25.6 $25.6 $25.6
Capital
Total stockholders' equity at the end of the first quarter of 2026 and fourth quarter of 2025 was $3.4 billion, compared to $3.5 billion at the end of the first quarter of 2025. Book value per share at the end of the first quarter of 2026 was $23.70, compared to $23.62 at the end of the fourth quarter of 2025 and $28.04 at the end of the first quarter of 2025. Tangible book value per share1 at the end of the first quarter of 2026 was $14.03, compared to $13.91 at the end of the fourth quarter of 2025 and $16.81 at the end of the first quarter of 2025. The increase in book value per share and tangible book value per share on a linked quarter basis was primarily due to a $37.4 million increase in undivided profits. The year-over-year decline in book value per share and tangible book value per share was primarily due to the balance sheet repositioning completed in the third quarter of 2025.
Total stockholders' equity as a percentage of total assets at the end of the first quarter of 2026 was 13.9 percent, unchanged from fourth quarter of 2025 levels and up from 13.2 percent at the end of the first quarter of 2025. Tangible common equity as a percentage of tangible assets1 was 8.7 percent at the end of the first quarter of 2026, unchanged from the fourth quarter of 2025 and up from 8.3 percent at the end of the first quarter of 2025. Each of the applicable regulatory capital ratios for Simmons and its principal subsidiary, Simmons Bank, continue to significantly exceed "well-capitalized" regulatory guidelines.
Select Capital Ratios 1Q26 4Q25 3Q25 2Q25 1Q25
Stockholders' equity to total assets 13.9 % 13.9 % 13.9 % 13.3 % 13.2 %
Tangible common equity to tangible assets(1) 8.7 8.7 8.5 8.5 8.3
Common equity tier 1 (CET1) ratio 11.6 11.6 11.5 12.4 12.2
Tier 1 leverage ratio 10.1 10.1 9.6 10.0 9.8
Tier 1 risk-based capital ratio 11.6 11.6 11.5 12.4 12.2
Total risk-based capital ratio 14.4 14.4 15.1 14.4 14.6
Share Repurchase Program
During the first quarter of 2026, Simmons did not repurchase shares under its stock repurchase program that was authorized in February 2026 (2026 Program) and which replaced its former repurchase program that was authorized in January 2024. Remaining authorization under the 2026 Program as of March 31, 2026, was approximately $175 million. The timing, pricing and amount of any repurchases under the 2026 Program will be determined by Simmons' management at its discretion based on a variety of factors including, but not limited to, market conditions, trading volume and market price of Simmons' common stock, Simmons' capital needs, Simmons' working capital and investment requirements, other corporate considerations, economic conditions, and legal requirements. The 2026 Program does not obligate Simmons to repurchase any common stock and may be modified, discontinued or suspended at any time without prior notice.
___________________________________________
(1) Non-GAAP measurement. See "Non-GAAP Financial Measures" and "Reconciliation of Non-GAAP Financial
Measures" below
(2) FTE - fully taxable equivalent basis using an effective tax rate of 26.135%
(3) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income"
Conference Call
Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, April 17, 2026. Interested persons can listen to this call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10207627. In addition, the call will be available live or in recorded version on Simmons' website at simmonsbank.com for at least 60 days following the date of the call.
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, noninterest income, and noninterest expense certain income and expense items attributable to, for example, branch right sizing costs, early retirement program costs, termination of vendor and software services, FDIC Deposit Insurance special assessment, professional services and a loss on the sale of an equipment finance business.
In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, or gains and/or losses on the sale of securities. The Company's management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company's ongoing operations without the effect of mergers or other items not central to the Company's ongoing business, as well as normalize for tax effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company's ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.
Forward-Looking Statements
Certain statements in this press release may not be based on historical facts and should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, without limitation, statements made in Mr. Brogdon's quote, may be identified by reference to future periods or by the use of forward-looking terminology, such as "believe," "budget," "expect," "foresee," "anticipate," "intend," "indicate," "target," "estimate," "plan," "project," "continue," "contemplate," "positions," "prospects," "predict," or "potential," by future conditional verbs such as "will," "would," "should," "could," "might" or "may," or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons' future growth, business strategies, lending capacity and lending activity, loan demand, revenue, assets, asset quality, profitability, dividends, net interest margin, non-interest revenue, share repurchase program, acquisition strategy, digital banking initiatives, the Company's ability to recruit and retain key employees, the adequacy of the allowance for credit losses, future economic conditions and interest rates, and the adequacy of reserve levels for loans. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, changes in credit quality, changes in interest rates and related governmental policies, the effects of a government shutdown, changes in loan demand, changes in deposit flows, changes in real estate values, changes in the assumptions used in making the forward-looking statements, changes in the securities markets generally or the price of Simmons' common stock specifically, changes in information technology affecting the financial industry, and changes in customer behaviors, including consumer spending, borrowing, and saving habits; changes in tariff policies; general economic and market conditions; changes in governmental administrations; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts in the Middle East and between Russia and Ukraine) or other major events, or the prospect of these events; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased inflation; the loss of key employees; increased competition in the markets in which the Company operates and from non-bank financial institutions; increased unemployment; labor shortages; claims, damages, and fines related to litigation or government actions; changes in accounting principles relating to loan loss recognition (current expected credit losses); fraud that results in material losses or that we have not discovered yet that may result in material losses; the Company's ability to manage and successfully integrate its mergers and acquisitions and to fully realize cost savings and other benefits associated with acquisitions; increased delinquency and foreclosure rates on commercial real estate loans; significant increases in nonaccrual loan balances; cyber or other information technology threats, attacks or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats; reliance on third parties for key services; government legislation; and other factors, many of which are beyond the control of the Company, could cause actual results to differ materially from those projected in or contemplated by the forward-looking statements. In addition, there can be no guarantee that the board of directors (Board) of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Additional information on factors that might affect the Company's financial results is included in the Company's Form 10-K for the year ended December 31, 2025, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov.
Simmons First National Corporation SFNC
Consolidated End of Period Balance Sheets
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
ASSETS
Cash and noninterest bearing balances due from banks $342,603 $380,439 $377,604 $398,081 $423,171
Interest bearing balances due from banks and federal funds sold 205,880 331,474 266,013 246,381 211,115
Cash and cash equivalents 548,483 711,913 643,617 644,462 634,286
Interest bearing balances due from banks - time 100 100 100 100 100
Investment securities - held-to-maturity 3,591,531 3,615,556
Investment securities - available-for-sale 3,152,286 3,266,221 3,319,277 2,405,320 2,491,849
Mortgage loans held for sale 14,311 17,438 15,507 16,972 8,351
Assets held in trading accounts 14,543 11,685 12,695
Loans:
Loans 17,932,883 17,492,179 17,188,817 17,111,096 17,094,078
Allowance for credit losses on loans (229,908) (224,377) (258,006) (253,537) (252,168)
Net loans 17,702,975 17,267,802 16,930,811 16,857,559 16,841,910
Premises and equipment 557,873 561,220 568,343 573,160 573,616
Foreclosed assets and other real estate owned 12,475 12,009 6,386 8,794 8,976
Interest receivable 101,557 104,062 104,383 120,443 117,398
Bank owned life insurance 542,486 540,001 539,372 535,481 535,324
Goodwill 1,320,799 1,320,799 1,320,799 1,320,799 1,320,799
Other intangible assets 81,325 84,423 87,520 90,617 93,714
Other assets 643,570 643,204 659,352 528,382 551,112
Total assets $24,692,783 $24,540,877 $24,208,162 $26,693,620 $26,792,991
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Noninterest bearing transaction accounts $4,289,697 $4,330,211 $4,377,232 $4,468,237 $4,455,255
Interest bearing transaction accounts and savings deposits 11,311,979 11,141,169 10,932,914 11,176,791 11,265,554
Time deposits 4,601,107 4,712,658 4,527,587 6,179,962 5,963,811
Total deposits 20,202,783 20,184,038 19,837,733 21,824,990 21,684,620
Federal funds purchased and securities sold
under agreements to repurchase 8,708 21,383 22,348 31,306 50,133
Other borrowings 446,756 302,253 18,832 634,349 884,863
Subordinated notes and debentures 315,700 317,714 648,976 366,369 366,331
Accrued interest and other liabilities 281,102 296,249 326,310 287,396 275,559
Total liabilities 21,255,049 21,121,637 20,854,199 23,144,410 23,261,506
Stockholders' equity:
Common stock 1,451 1,448 1,447 1,260 1,259
Surplus 2,848,952 2,846,581 2,848,977 2,518,286 2,515,372
Undivided profits 901,696 864,341 817,022 1,410,564 1,382,564
Accumulated other comprehensive (loss) income (314,365) (293,130) (313,483) (380,900) (367,710)
Total stockholders' equity 3,437,734 3,419,240 3,353,963 3,549,210 3,531,485
Total liabilities and stockholders' equity $24,692,783 $24,540,877 $24,208,162 $26,693,620 $26,792,991
Simmons First National Corporation SFNC
Consolidated Statements of Income - Quarter-to-Date
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands, except per share data)
INTEREST INCOME
Loans (including fees) $267,287 $270,868 $269,210 $265,373 $257,755
Interest bearing balances due from banks and federal funds sold 2,320 2,485 6,421 2,531 2,703
Investment securities 31,882 33,833 37,464 46,898 47,257
Mortgage loans held for sale 203 227 229 221 122
Assets held in trading accounts 122 118 99
TOTAL INTEREST INCOME 301,814 307,531 313,423 315,023 307,837
INTEREST EXPENSE
Time deposits 39,949 41,989 49,064 57,231 62,559
Other deposits 57,653 60,516 67,546 69,108 67,895
Federal funds purchased and securities
sold under agreements to repurchase 36 57 72 59 113
Other borrowings 1,746 2,138 2,957 10,613 7,714
Subordinated notes and debentures 5,262 5,535 7,123 6,188 6,134
TOTAL INTEREST EXPENSE 104,646 110,235 126,762 143,199 144,415
NET INTEREST INCOME 197,168 197,296 186,661 171,824 163,422
PROVISION FOR CREDIT LOSSES
Provision for credit losses on loans 14,622 15,116 15,180 11,945 26,797
Provision for credit losses on investment securities - HTM (3,214)
TOTAL PROVISION FOR CREDIT LOSSES 14,622 15,116 11,966 11,945 26,797
NET INTEREST INCOME AFTER PROVISION
FOR CREDIT LOSSES 182,546 182,180 174,695 159,879 136,625
NONINTEREST INCOME
Service charges on deposit accounts 12,656 12,669 13,045 12,588 12,635
Debit and credit card fees 8,503 8,660 8,478 8,567 8,446
Wealth management fees 10,533 10,337 9,965 9,464 9,629
Mortgage lending income 1,854 2,232 2,259 1,687 2,013
Bank owned life insurance income 4,218 3,942 3,943 3,890 4,092
Other service charges and fees (includes insurance income) 1,606 1,503 1,474 1,321 1,333
Gain (loss) on sale of securities (801,492)
Other income 4,827 12,365 6,141 4,837 8,007
TOTAL NONINTEREST INCOME 44,197 51,708 (756,187) 42,354 46,155
NONINTEREST EXPENSE
Salaries and employee benefits 75,885 72,924 76,249 73,862 74,824
Occupancy expense, net 12,218 11,636 12,106 11,844 12,651
Furniture and equipment expense 5,423 5,304 5,275 5,474 5,465
Other real estate and foreclosure expense 315 432 200 216 198
Deposit insurance 2,295 4,736 5,175 4,917 5,391
Other operating expenses 44,537 44,830 43,027 42,276 46,051
TOTAL NONINTEREST EXPENSE 140,673 139,862 142,032 138,589 144,580
NET INCOME (LOSS) BEFORE INCOME TAXES 86,070 94,026 (723,524) 63,644 38,200
Provision for income taxes 17,526 15,948 (160,732) 8,871 5,812
NET INCOME (LOSS) $68,544 $78,078 $(562,792) $54,773 $32,388
BASIC EARNINGS PER SHARE $0.47 $0.54 $(4.01) $0.43 $0.26
DILUTED EARNINGS PER SHARE $0.47 $0.54 $(4.00) $0.43 $0.26
Simmons First National Corporation SFNC
Consolidated Risk-Based Capital
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Tier 1 capital
Stockholders' equity $3,437,734 $3,419,240 $3,353,963 $3,549,210 $3,531,485
Disallowed intangible assets, net of deferred tax (1,370,562) (1,374,839) (1,376,255) (1,379,104) (1,381,953)
Unrealized loss (gain) on AFS securities 314,365 293,130 313,483 380,900 367,710
Total Tier 1 capital 2,381,537 2,337,531 2,291,191 2,551,006 2,517,242
Tier 2 capital
Subordinated notes and debentures 315,700 317,714 648,976 366,369 366,331
Subordinated debt phase out (198,000) (198,000) (132,000)
Qualifying allowance for loan losses and
reserve for unfunded commitments 255,537 250,006 248,710 258,079 257,769
Total Tier 2 capital 571,237 567,720 699,686 426,448 492,100
Total risk-based capital $2,952,774 $2,905,251 $2,990,877 $2,977,454 $3,009,342
Risk weighted assets $20,565,445 $20,106,493 $19,861,879 $20,646,324 $20,621,540
Adjusted average assets for leverage ratio $23,487,513 $23,224,638 $23,963,356 $25,606,135 $25,619,424
Ratios at end of quarter
Equity to assets 13.92 % 13.93 % 13.85 % 13.30 % 13.18 %
Tangible common equity to tangible assets (1) 8.74 % 8.71 % 8.53 % 8.46 % 8.34 %
Common equity Tier 1 ratio (CET1) 11.58 % 11.63 % 11.54 % 12.36 % 12.21 %
Tier 1 leverage ratio 10.14 % 10.06 % 9.56 % 9.96 % 9.83 %
Tier 1 risk-based capital ratio 11.58 % 11.63 % 11.54 % 12.36 % 12.21 %
Total risk-based capital ratio 14.36 % 14.45 % 15.07 % 14.42 % 14.59 %
(1) Calculations of tangible common equity to tangible assets and the reconciliations to GAAP are included in the schedules accompanying this release.
Simmons First National Corporation SFNC
Consolidated Investment Securities
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Investment Securities - End of Period
Held-to-Maturity
U.S. Government agencies
$ -
$ -
$ - $457,228 $456,545
Mortgage-backed securities 1,024,313 1,048,170
State and political subdivisions 1,855,614 1,856,905
Other securities 254,376 253,936
Total held-to-maturity (net of credit losses) 3,591,531 3,615,556
Available-for-Sale
U.S. Treasury
$ -
$ -
$ - $400 $699
U.S. Government agencies 46,329 47,172 48,355 49,498 52,318
Mortgage-backed securities 2,128,732 2,201,958 2,249,593 1,349,991 1,380,913
State and political subdivisions 838,880 859,071 845,371 807,842 832,898
Other securities 138,345 158,020 175,958 197,589 225,021
Total available-for-sale (net of credit losses) 3,152,286 3,266,221 3,319,277 2,405,320 2,491,849
Total investment securities (net of credit losses) $3,152,286 $3,266,221 $3,319,277 $5,996,851 $6,107,405
Fair value - HTM investment securities
$ -
$ -
$ - $2,891,974 $2,929,625
Simmons First National Corporation SFNC
Consolidated Loans
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Loan Portfolio -End of Period
Consumer:
Credit cards $172,610 $175,760 $173,020 $176,166 $179,680
Other consumer 96,387 115,472 112,335 123,831 97,198
Total consumer 268,997 291,232 285,355 299,997 276,878
Real Estate:
Construction 2,621,859 2,873,807 2,874,823 2,784,578 2,778,245
Single-family residential 2,566,162 2,607,450 2,617,849 2,625,717 2,647,451
Other commercial real estate 8,764,648 8,289,968 7,875,649 7,961,412 8,051,304
Total real estate 13,952,669 13,771,225 13,368,321 13,371,707 13,477,000
Commercial:
Commercial 2,521,440 2,382,339 2,397,388 2,440,507 2,372,681
Agricultural 333,508 306,300 353,181 333,078 264,469
Total commercial 2,854,948 2,688,639 2,750,569 2,773,585 2,637,150
Other 856,269 741,083 784,572 665,807 703,050
Total loans $17,932,883 $17,492,179 $17,188,817 $17,111,096 $17,094,078
Simmons First National Corporation SFNC
Consolidated Allowance and Asset Quality
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Allowance for Credit Losses on Loans
Beginning balance $224,377 $258,006 $253,537 $252,168 $235,019
Loans charged off:
Credit cards 1,677 1,346 1,862 1,702 1,460
Other consumer 590 550 600 351 1,133
Real estate 6,629 25,850 1,350 1,450 4,425
Commercial 1,666 22,004 8,079 8,257 4,243
Total loans charged off 10,562 49,750 11,891 11,760 11,261
Recoveries of loans previously charged off:
Credit cards 468 347 257 334 211
Other consumer 301 163 303 294 306
Real estate 449 105 115 87 99
Commercial 253 390 505 469 997
Total recoveries 1,471 1,005 1,180 1,184 1,613
Net loans charged off 9,091 48,745 10,711 10,576 9,648
Provision for credit losses on loans 14,622 15,116 15,180 11,945 26,797
Balance, end of quarter $229,908 $224,377 $258,006 $253,537 $252,168
Nonperforming assets
Nonperforming loans:
Nonaccrual loans $141,233 $111,791 $153,516 $156,453 $151,897
Loans past due 90 days or more 647 948 423 709 494
Total nonperforming loans 141,880 112,739 153,939 157,162 152,391
Other nonperforming assets:
Foreclosed assets and other real estate owned 12,475 12,009 6,386 8,794 8,976
Other nonperforming assets 181 323 392 759 978
Total other nonperforming assets 12,656 12,332 6,778 9,553 9,954
Total nonperforming assets $154,536 $125,071 $160,717 $166,715 $162,345
Ratios
Allowance for credit losses on loans to total loans 1.28 % 1.28 % 1.50 % 1.48 % 1.48 %
Allowance for credit losses to nonperforming loans 162 % 199 % 168 % 161 % 165 %
Nonperforming loans to total loans 0.79 % 0.64 % 0.90 % 0.92 % 0.89 %
Nonperforming assets to total assets 0.63 % 0.51 % 0.66 % 0.62 % 0.61 %
Annualized net charge offs to average loans (QTD) 0.21 % 1.12 % 0.25 % 0.25 % 0.23 %
Annualized net charge offs to average loans (YTD) 0.21 % 0.47 % 0.24 % 0.24 % 0.23 %
Annualized net credit card charge offs to
average credit card loans (QTD) 2.81 % 2.23 % 3.64 % 2.99 % 2.72 %
Simmons First National Corporation SFNC
Consolidated - Average Balance Sheet and Net Interest Income Analysis
For the Quarters Ended
(Unaudited)
Three Months Ended Three Months Ended Three Months Ended
Mar 2026
Dec 2025
Mar 2025
($ in thousands) Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/
Balance Expense Rate Balance Expense Rate Balance Expense Rate
ASSETS
Earning assets:
Interest bearing balances due from banks
and federal funds sold $251,620 $2,320 3.74 % $232,046 $2,485 4.25 % $241,021 $2,703 4.55 %
Investment securities - taxable 2,408,546 26,311 4.43 % 2,490,444 28,235 4.50 % 3,540,559 31,584 3.62 %
Investment securities - non-taxable (FTE) 820,278 7,542 3.73 % 810,597 7,578 3.71 % 2,608,070 21,217 3.30 %
Mortgage loans held for sale 13,800 203 5.97 % 15,738 227 5.72 % 8,142 122 6.08 %
Assets held in trading accounts 13,748 122 3.60 % 12,534 118 3.74 % 0.00 %
Loans - including fees (FTE) 17,658,807 268,328 6.16 % 17,295,415 271,778 6.23 % 16,920,050 258,625 6.20 %
Total interest earning assets (FTE) 21,166,799 304,826 5.84 % 20,856,774 310,421 5.90 % 23,317,842 314,251 5.47 %
Non-earning assets 3,366,206 3,397,673 3,360,786
Total assets $24,533,005 $24,254,447 $26,678,628
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
Interest bearing transaction and
savings accounts $11,328,148 $57,653 2.06 % $10,971,959 $60,516 2.19 % $11,177,550 $67,895 2.46 %
Time deposits 4,678,058 39,949 3.46 % 4,573,502 41,989 3.64 % 6,160,429 62,559 4.12 %
Total interest bearing deposits 16,006,206 97,602 2.47 % 15,545,461 102,505 2.62 % 17,337,979 130,454 3.05 %
Federal funds purchased and securities
sold under agreement to repurchase 17,743 36 0.82 % 20,990 57 1.08 % 39,797 113 1.15 %
Other borrowings 192,345 1,746 3.68 % 217,996 2,138 3.89 % 706,402 7,714 4.43 %
Subordinated notes and debentures 318,635 5,262 6.70 % 319,162 5,535 6.88 % 366,312 6,134 6.79 %
Total interest bearing liabilities 16,534,929 104,646 2.57 % 16,103,609 110,235 2.72 % 18,450,490 144,415 3.17 %
Noninterest bearing liabilities:
Noninterest bearing deposits 4,229,952 4,412,009 4,342,948
Other liabilities 297,864 328,812 320,721
Total liabilities 21,062,745 20,844,430 23,114,159
Stockholders' equity 3,470,260 3,410,017 3,564,469
Total liabilities and stockholders' equity $24,533,005 $24,254,447 $26,678,628
Net interest income (FTE) $200,180 $200,186 $169,836
Net interest spread (FTE) 3.27 % 3.18 % 2.30 %
Net interest margin (FTE) 3.84 % 3.81 % 2.95 %
Simmons First National Corporation SFNC
Consolidated - Selected Financial Data
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands, except share data)
QUARTER-TO-DATE
---
Financial Highlights - As Reported
---
Net Income (loss) $68,544 $78,078 $(562,792) $54,773 $32,388
Diluted earnings per share 0.47 0.54 (4.00) 0.43 0.26
Return on average assets 1.13 % 1.28 % -8.96 % 0.82 % 0.49 %
Return on average tangible assets (non-GAAP) (1) 1.24 % 1.40 % -9.46 % 0.91 % 0.56 %
Return on average common equity 8.01 % 9.08 % -66.29 % 6.20 % 3.69 %
Return on tangible common equity (non-GAAP) (1) 13.90 % 15.92 % -113.56 % 10.73 % 6.61 %
Net interest margin (FTE) 3.84 % 3.81 % 3.50 % 3.06 % 2.95 %
Efficiency ratio (2) 57.56 % 55.52 % -25.11 % 62.82 % 66.94 %
FTE adjustment 3,012 2,890 3,811 6,422 6,414
Average diluted shares outstanding 145,340,410 145,210,222 140,648,704 126,406,453 126,336,557
Cash dividends declared per common share 0.215 0.213 0.213 0.213 0.213
Accretable yield on acquired loans 902 749 725 1,263 1,084
Financial Highlights - Adjusted (non-GAAP) (1)
---
Adjusted earnings $68,566 $78,975 $64,930 $56,071 $33,122
Adjusted diluted earnings per share 0.47 0.54 0.46 0.44 0.26
Adjusted return on average assets 1.13 % 1.29 % 1.03 % 0.84 % 0.50 %
Adjusted return on average tangible assets (non-GAAP) (1) 1.24 % 1.41 % 1.13 % 0.93 % 0.57 %
Adjusted return on average common equity 8.01 % 9.19 % 7.65 % 6.34 % 3.77 %
Adjusted return on tangible common equity 13.91 % 16.10 % 13.62 % 10.97 % 6.75 %
Adjusted efficiency ratio (2) 56.16 % 53.64 % 57.72 % 60.52 % 64.75 %
YEAR-TO-DATE
---
Financial Highlights - GAAP
---
Net Income (loss) $68,544 $(397,553) $(475,631) $87,161 $32,388
Diluted earnings per share 0.47 (2.95) (3.63) 0.69 0.26
Return on average assets 1.13 % -1.55 % -2.44 % 0.66 % 0.49 %
Return on average tangible assets (non-GAAP) (1) 1.24 % -1.60 % -2.54 % 0.74 % 0.56 %
Return on average common equity 8.01 % -11.45 % -18.21 % 4.94 % 3.69 %
Return on tangible common equity (non-GAAP) (1) 13.90 % -18.84 % -30.13 % 8.67 % 6.61 %
Net interest margin (FTE) 3.84 % 3.32 % 3.17 % 3.01 % 2.95 %
Efficiency ratio (2) 57.56 % 460.26 % -329.30 % 64.86 % 66.94 %
FTE adjustment 3,012 19,537 16,647 12,836 6,414
Average diluted shares outstanding 145,340,410 134,731,180 131,132,891 126,325,650 126,336,557
Cash dividends declared per common share 0.215 0.850 0.638 0.425 0.213
Financial Highlights - Adjusted (non-GAAP) (1)
---
Adjusted earnings $68,566 $233,098 $154,123 $89,193 $33,122
Adjusted diluted earnings per share 0.47 1.73 1.18 0.71 0.26
Adjusted return on average assets 1.13 % 0.91 % 0.79 % 0.67 % 0.50 %
Adjusted return on average tangible assets (non-GAAP) (1) 1.24 % 1.00 % 0.87 % 0.75 % 0.57 %
Adjusted return on average common equity 8.01 % 6.71 % 5.90 % 5.06 % 3.77 %
Adjusted return on tangible common equity 13.91 % 11.78 % 10.37 % 8.86 % 6.75 %
Adjusted efficiency ratio (2) 56.16 % 58.92 % 60.90 % 62.62 % 64.75 %
END OF PERIOD
---
Book value per share $23.70 $23.62 $23.18 $28.17 $28.04
Tangible book value per share 14.03 13.91 13.45 16.97 16.81
Shares outstanding 145,058,331 144,762,817 144,703,075 125,996,248 125,926,822
Full-time equivalent employees 2,913 2,917 2,883 2,947 2,949
Total number of financial centers 221 222 223 223 222
(1) Non-GAAP measurement that management believes aids in the understanding and discussion of results. Reconciliations to GAAP are
included in the schedules accompanying this release.
(2) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting
items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from
securities transactions and certain adjusting items, and is a non-GAAP measurement.
Simmons First National Corporation SFNC
Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Quarter-to-Date
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
(in thousands, except per share data)
QUARTER-TO-DATE
---
Net income (loss) $68,544 $78,078 $(562,792) $54,773 $32,388
Certain items (non-GAAP)
Loss on early extinguishment of debt - 570
FDIC Deposit Insurance special assessment (1,984)
Professional services 1,200
Early retirement program 283 305 1,594
Termination of vendor and software services - 12
Loss on sale of Equipment Finance business - 1,118
Loss (gain) on sale of securities - 801,492
Branch right sizing (net) 531 85 2,004 163 994
Tax effect of certain items (1) (8) (318) (176,649) (459) (260)
Certain items, net of tax 22 897 627,722 1,298 734
Adjusted earnings (non-GAAP) (2) $68,566 $78,975 $64,930 $56,071 $33,122
Diluted earnings per share $0.47 $0.54 $(4.00) $0.43 $0.26
Certain items (non-GAAP)
Loss on early extinguishment of debt -
FDIC Deposit Insurance special assessment (0.01)
Professional services 0.01
Early retirement program - 0.01
Termination of vendor and software services -
Loss on sale of Equipment Finance business - 0.01
Loss (gain) on sale of securities - 5.70
Branch right sizing (net) - 0.01
Tax effect of certain items (1) - (0.01) (1.25)
Certain items, net of tax - 4.46 0.01
Adjusted diluted earnings per share (non-GAAP) $0.47 $0.54 $0.46 $0.44 $0.26
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items
(2) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."
Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)
QUARTER-TO-DATE
---
Noninterest income $44,197 $51,708 $(756,187) $42,354 $46,155
Certain noninterest income items
Loss on early extinguishment of debt - 570
Loss (gain) on sale of securities - 801,492
Adjusted noninterest income (non-GAAP) $44,197 $51,708 $45,875 $42,354 $46,155
Other income $4,827 $12,365 $6,141 $4,837 $8,007
Certain other income items
Loss on early extinguishment of debt - 570
Adjusted other income (non-GAAP) $4,827 $12,365 $6,711 $4,837 $8,007
Noninterest expense $140,673 $139,862 $142,032 $138,589 $144,580
Certain noninterest expense items
Early retirement program (283) (305) (1,594)
FDIC Deposit Insurance special assessment 1,984
Professional services (1,200)
Termination of vendor and software services - (12)
Loss on sale of Equipment Finance business - (1,118)
Branch right sizing expense (531) (85) (2,004) (163) (994)
Adjusted noninterest expense (non-GAAP) 140,643 138,647 139,723 136,832 143,586
Less: Fraud event - (4,300)
Adjusted noninterest expense, excluding fraud event (non-GAAP) $140,643 $138,647 $139,723 $136,832 $139,286
Salaries and employee benefits $75,885 $72,924 $76,249 $73,862 $74,824
Certain salaries and employee benefits items
Early retirement program (283) (305) (1,594)
Other - (1) 1
Adjusted salaries and employee benefits (non-GAAP) $75,602 $72,924 $75,943 $72,269 $74,824
Other operating expenses $44,537 $44,830 $43,027 $42,276 $46,051
Certain other operating expenses items
Professional services (1,200)
Termination of vendor and software services - (12)
Loss on sale of Equipment Finance business - (1,118)
Branch right sizing expense (205) 327 (1,556) 255 (161)
Adjusted other operating expenses (non-GAAP) $43,132 $44,027 $41,471 $42,531 $45,890
Simmons First National Corporation SFNC
Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Year-to-Date
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
(in thousands, except per share data)
YEAR-TO-DATE
---
Net income (loss) $68,544 $(397,553) $(475,631) $87,161 $32,388
Certain items (non-GAAP)
Loss on early extinguishment of debt - 570 570
FDIC Deposit Insurance special assessment (1,984)
Professional services 1,200
Early retirement program 283 1,899 1,899 1,594
Termination of vendor and software services - 12
Loss on sale of Equipment Finance business - 1,118
Loss (gain) on sale of securities - 801,492 801,492
Branch right sizing (net) 531 3,246 3,161 1,157 994
Tax effect of certain items (1) (8) (177,686) (177,368) (719) (260)
Certain items, net of tax 22 630,651 629,754 2,032 734
Adjusted earnings (non-GAAP) (2) $68,566 $233,098 $154,123 $89,193 $33,122
Diluted earnings per share $0.47 $(2.95) $(3.63) $0.69 $0.26
Certain items (non-GAAP)
Loss on early extinguishment of debt - 0.01
FDIC Deposit Insurance special assessment (0.01)
Professional services 0.01
Early retirement program - 0.01 0.02 0.01
Termination of vendor and software services -
Loss on sale of Equipment Finance business - 0.01
Loss (gain) on sale of securities - 5.95 6.11
Branch right sizing (net) - 0.02 0.02 0.01
Tax effect of certain items (1) - (1.32) (1.34)
Certain items, net of tax - 4.68 4.81 0.02
Adjusted diluted earnings per share (non-GAAP) $0.47 $1.73 $1.18 $0.71 $0.26
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items
(2) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."
Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)
YEAR-TO-DATE
---
Noninterest income $44,197 $(615,970) $(667,678) $88,509 $46,155
Certain noninterest income items
Loss on early extinguishment of debt - 570 570
Loss (gain) on sale of securities - 801,492 801,492
Adjusted noninterest income (non-GAAP) $44,197 $186,092 $134,384 $88,509 $46,155
Other income $4,827 $31,350 $18,985 $12,844 $8,007
Certain other income items
Loss on early extinguishment of debt - 570 570
Adjusted other income (non-GAAP) $4,827 $31,920 $19,555 $12,844 $8,007
Noninterest expense $140,673 $565,063 $425,201 $283,169 $144,580
Certain noninterest expense items
Early retirement program (283) (1,899) (1,899) (1,594)
FDIC Deposit Insurance special assessment 1,984
Professional services (1,200)
Termination of vendor and software services - (12)
Loss on sale of Equipment Finance business - (1,118)
Branch right sizing expense (531) (3,246) (3,161) (1,157) (994)
Adjusted noninterest expense (non-GAAP) 140,643 558,788 420,141 280,418 143,586
Less: Fraud event - (4,300) (4,300) (4,300) (4,300)
Adjusted noninterest expense, excluding fraud event (non-GAAP) $140,643 $554,488 $415,841 $276,118 $139,286
Salaries and employee benefits $75,885 $297,859 $224,935 $148,686 $74,824
Certain salaries and employee benefits items
Early retirement program (283) (1,899) (1,899) (1,594)
Other - 1
Adjusted salaries and employee benefits (non-GAAP) $75,602 $295,960 $223,036 $147,093 $74,824
Other operating expenses $44,537 $176,184 $131,354 $88,327 $46,051
Certain other operating expenses items
Professional services (1,200)
Termination of vendor and software services - (12)
Loss on sale of Equipment Finance business - (1,118)
Branch right sizing expense (205) (1,135) (1,462) 94 (161)
Adjusted other operating expenses (non-GAAP) $43,132 $173,919 $129,892 $88,421 $45,890
Simmons First National Corporation SFNC
Reconciliation Of Non-GAAP Financial Measures - End of Period
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands, except per share data)
Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets
Total common stockholders' equity $3,437,734 $3,419,240 $3,353,963 $3,549,210 $3,531,485
Intangible assets:
Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799)
Other intangible assets (81,325) (84,423) (87,520) (90,617) (93,714)
Total intangibles (1,402,124) (1,405,222) (1,408,319) (1,411,416) (1,414,513)
Tangible common stockholders' equity $2,035,610 $2,014,018 $1,945,644 $2,137,794 $2,116,972
Total assets $24,692,783 $24,540,877 $24,208,162 $26,693,620 $26,792,991
Intangible assets:
Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799)
Other intangible assets (81,325) (84,423) (87,520) (90,617) (93,714)
Total intangibles (1,402,124) (1,405,222) (1,408,319) (1,411,416) (1,414,513)
Tangible assets $23,290,659 $23,135,655 $22,799,843 $25,282,204 $25,378,478
Ratio of common equity to assets 13.92 % 13.93 % 13.85 % 13.30 % 13.18 %
Ratio of tangible common equity to tangible assets 8.74 % 8.71 % 8.53 % 8.46 % 8.34 %
Calculation of Tangible Book Value per Share
Total common stockholders' equity $3,437,734 $3,419,240 $3,353,963 $3,549,210 $3,531,485
Intangible assets:
Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799)
Other intangible assets (81,325) (84,423) (87,520) (90,617) (93,714)
Total intangibles (1,402,124) (1,405,222) (1,408,319) (1,411,416) (1,414,513)
Tangible common stockholders' equity $2,035,610 $2,014,018 $1,945,644 $2,137,794 $2,116,972
Shares of common stock outstanding 145,058,331 144,762,817 144,703,075 125,996,248 125,926,822
Book value per common share $23.70 $23.62 $23.18 $28.17 $28.04
Tangible book value per common share $14.03 $13.91 $13.45 $16.97 $16.81
Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits
Uninsured deposits at Simmons Bank $7,385,688 $9,640,677 $9,565,766 $8,407,847 $8,614,833
Less: Collateralized deposits (excluding portion that is FDIC insured) 2,509,728 2,363,327 2,169,362 2,691,215 3,005,328
Less: Intercompany eliminations 432,795 2,729,191 2,937,147 1,121,932 1,073,500
Total uninsured, non-collateralized deposits $4,443,165 $4,548,159 $4,459,257 $4,594,700 $4,536,005
FHLB borrowing availability $5,831,000 $5,999,000 $6,134,000 $5,133,000 $4,432,000
Unpledged securities 1,571,000 1,480,000 1,575,000 3,697,000 4,197,000
Fed funds lines, Fed discount window and
Bank Term Funding Program (1) 1,595,000 1,836,000 1,824,000 1,894,000 1,780,000
Additional liquidity sources $8,997,000 $9,315,000 $9,533,000 $10,724,000 $10,409,000
Uninsured, non-collateralized deposit coverage ratio 2.0 2.0 2.1 2.3 2.3
(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.
Simmons First National Corporation SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss) $68,544 $78,078 $(562,792) $54,773 $32,388
Amortization of intangibles, net of taxes 2,288 2,288 2,287 2,289 2,605
Total adjusted tangible net income (non-GAAP) $70,832 $80,366 $(560,505) $57,062 $34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt - 570
FDIC Deposit Insurance special assessment (1,984)
Professional services 1,200
Early retirement program 283 305 1,594
Termination of vendor and software services - 12
Loss on sale of Equipment Finance business - 1,118
Loss (gain) on sale of securities - 801,492
Branch right sizing (net) 531 85 2,004 163 994
Tax effect of certain items (1) (8) (318) (176,649) (459) (260)
Adjusted earnings (non-GAAP) 68,566 78,975 64,930 56,071 33,122
Amortization of intangibles, net of taxes 2,288 2,288 2,287 2,289 2,605
Total adjusted tangible net income (non-GAAP) $70,854 $81,263 $67,217 $58,360 $35,727
Average total assets $24,533,005 $24,254,447 $24,914,922 $26,645,131 $26,678,628
Average intangible assets:
Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799)
Other intangibles (83,248) (86,206) (89,349) (92,432) (95,787)
Total average intangibles (1,404,047) (1,407,005) (1,410,148) (1,413,231) (1,416,586)
Average tangible assets (non-GAAP) $23,128,958 $22,847,442 $23,504,774 $25,231,900 $25,262,042
Return on average assets 1.13 % 1.28 % -8.96 % 0.82 % 0.49 %
Adjusted return on average assets (non-GAAP) 1.13 % 1.29 % 1.03 % 0.84 % 0.50 %
Return on average tangible assets (non-GAAP) 1.24 % 1.40 % -9.46 % 0.91 % 0.56 %
Adjusted return on average tangible assets (non-GAAP) 1.24 % 1.41 % 1.13 % 0.93 % 0.57 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders $68,544 $78,078 $(562,792) $54,773 $32,388
Amortization of intangibles, net of taxes 2,288 2,288 2,287 2,289 2,605
Total income available to common stockholders $70,832 $80,366 $(560,505) $57,062 $34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt - 570
FDIC Deposit Insurance special assessment (1,984)
Professional services 1,200
Early retirement program 283 305 1,594
Termination of vendor and software services - 12
Loss on sale of Equipment Finance business - 1,118
Loss (gain) on sale of securities - 801,492
Branch right sizing (net) 531 85 2,004 163 994
Tax effect of certain items (1) (8) (318) (176,649) (459) (260)
Adjusted earnings (non-GAAP) 68,566 78,975 64,930 56,071 33,122
Amortization of intangibles, net of taxes 2,288 2,288 2,287 2,289 2,605
Total adjusted earnings available to common stockholders (non-GAAP) $70,854 $81,263 $67,217 $58,360 $35,727
Average common stockholders' equity $3,470,260 $3,410,017 $3,368,308 $3,546,163 $3,564,469
Average intangible assets:
Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799)
Other intangibles (83,248) (86,206) (89,349) (92,432) (95,787)
Total average intangibles (1,404,047) (1,407,005) (1,410,148) (1,413,231) (1,416,586)
Average tangible common stockholders' equity (non-GAAP) $2,066,213 $2,003,012 $1,958,160 $2,132,932 $2,147,883
Return on average common equity 8.01 % 9.08 % -66.29 % 6.20 % 3.69 %
Return on tangible common equity 13.90 % 15.92 % -113.56 % 10.73 % 6.61 %
Adjusted return on average common equity (non-GAAP) 8.01 % 9.19 % 7.65 % 6.34 % 3.77 %
Adjusted return on tangible common equity (non-GAAP) 13.91 % 16.10 % 13.62 % 10.97 % 6.75 %
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date (continued)
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator) $140,673 $139,862 $142,032 $138,589 $144,580
Certain noninterest expense items (non-GAAP)
Early retirement program (283) (305) (1,594)
FDIC Deposit Insurance special assessment 1,984
Professional services (1,200)
Termination of vendor and software services - (12)
Loss on sale of Equipment Finance business - (1,118)
Branch right sizing expense (531) (85) (2,004) (163) (994)
Other real estate and foreclosure expense adjustment (315) (432) (200) (216) (198)
Amortization of intangibles adjustment (3,097) (3,097) (3,097) (3,098) (3,527)
Adjusted efficiency ratio numerator $137,231 $135,118 $136,426 $133,518 $139,861
Net interest income $197,168 $197,296 $186,661 $171,824 $163,422
Noninterest income 44,197 51,708 (756,187) 42,354 46,155
Fully tax-equivalent adjustment (2) 3,012 2,890 3,811 6,422 6,414
Efficiency ratio denominator 244,377 251,894 (565,715) 220,600 215,991
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt - 570
(Gain) loss on sale of securities - 801,492
Adjusted efficiency ratio denominator $244,377 $251,894 $236,347 $220,600 $215,991
Efficiency ratio (1) 57.56 % 55.52 % -25.11 % 62.82 % 66.94 %
Adjusted efficiency ratio (non-GAAP) (1) 56.16 % 53.64 % 57.72 % 60.52 % 64.75 %
Calculation of Total Revenue and Adjusted Total Revenue
Net interest income $197,168 $197,296 $186,661 $171,824 $163,422
Noninterest income 44,197 51,708 (756,187) 42,354 46,155
Total revenue 241,365 249,004 (569,526) 214,178 209,577
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt - 570
Less: Gain (loss) on sale of securities - (801,492)
Adjusted total revenue $241,365 $249,004 $232,536 $214,178 $209,577
Calculation of Pre-Provision Net Revenue (PPNR)
Net interest income $197,168 $197,296 $186,661 $171,824 $163,422
Noninterest income 44,197 51,708 (756,187) 42,354 46,155
Total revenue 241,365 249,004 (569,526) 214,178 209,577
Less: Noninterest expense 140,673 139,862 142,032 138,589 144,580
Pre-Provision Net Revenue (PPNR) $100,692 $109,142 $(711,558) $75,589 $64,997
Calculation of Adjusted Pre-Provision Net Revenue
Pre-Provision Net Revenue (PPNR) $100,692 $109,142 $(711,558) $75,589 $64,997
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt - 570
Plus: Loss (gain) on sale of securities - 801,492
Plus: FDIC Deposit Insurance special assessment (1,984)
Plus: Professional services 1,200
Plus: Early retirement program costs 283 305 1,594
Plus: Termination of vendor and software services - 12
Plus: Loss on sale of Equipment Finance business - 1,118
Plus: Branch right sizing costs (net) 531 85 2,004 163 994
Adjusted Pre-Provision Net Revenue $100,722 $110,357 $92,813 $77,346 $65,991
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent} and noninterest revenues. Adjusted efficieny
ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest
income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is
a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss) $68,544 $(397,553) $(475,631) $87,161 $32,388
Amortization of intangibles, net of taxes 2,288 9,469 7,181 4,894 2,605
Total adjusted tangible net income (non-GAAP) $70,832 $(388,084) $(468,450) $92,055 $34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt - 570 570
FDIC Deposit Insurance special assessment (1,984)
Professional services 1,200
Early retirement program 283 1,899 1,899 1,594
Termination of vendor and software services - 12
Loss on sale of Equipment Finance business - 1,118
Loss (gain) on sale of securities - 801,492 801,492
Branch right sizing (net) 531 3,246 3,161 1,157 994
Tax effect of certain items (1) (8) (177,686) (177,368) (719) (260)
Adjusted earnings (non-GAAP) 68,566 233,098 154,123 89,193 33,122
Amortization of intangibles, net of taxes 2,288 9,469 7,181 4,894 2,605
Total adjusted tangible net income (non-GAAP) $70,854 $242,567 $161,304 $94,087 $35,727
Average total assets $24,533,005 $25,614,700 $26,073,100 $26,661,787 $26,678,628
Average intangible assets:
Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799)
Other intangibles (83,248) (90,913) (92,499) (94,100) (95,787)
Total average intangibles (1,404,047) (1,411,712) (1,413,298) (1,414,899) (1,416,586)
Average tangible assets (non-GAAP) $23,128,958 $24,202,988 $24,659,802 $25,246,888 $25,262,042
Return on average assets 1.13 % -1.55 % -2.44 % 0.66 % 0.49 %
Adjusted return on average assets (non-GAAP) 1.13 % 0.91 % 0.79 % 0.67 % 0.50 %
Return on average tangible assets (non-GAAP) 1.24 % -1.60 % -2.54 % 0.74 % 0.56 %
Adjusted return on average tangible assets (non-GAAP) 1.24 % 1.00 % 0.87 % 0.75 % 0.57 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders $68,544 $(397,553) $(475,631) $87,161 $32,388
Amortization of intangibles, net of taxes 2,288 9,469 7,181 4,894 2,605
Total income available to common stockholders $70,832 $(388,084) $(468,450) $92,055 $34,993
Certain items (non-GAAP)
Loss on early extinguishment of debt - 570 570
FDIC Deposit Insurance special assessment (1,984)
Professional services 1,200
Early retirement program 283 1,899 1,899 1,594
Termination of vendor and software services - 12
Loss on sale of Equipment Finance business - 1,118
Loss (gain) on sale of securities - 801,492 801,492
Branch right sizing (net) 531 3,246 3,161 1,157 994
Tax effect of certain items (1) (8) (177,686) (177,368) (719) (260)
Adjusted earnings (non-GAAP) 68,566 233,098 154,123 89,193 33,122
Amortization of intangibles, net of taxes 2,288 9,469 7,181 4,894 2,605
Total adjusted earnings available to common stockholders (non-GAAP) $70,854 $242,567 $161,304 $94,087 $35,727
Average common stockholders' equity $3,470,260 $3,471,531 $3,492,261 $3,555,265 $3,564,469
Average intangible assets:
Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799)
Other intangibles (83,248) (90,913) (92,499) (94,100) (95,787)
Total average intangibles (1,404,047) (1,411,712) (1,413,298) (1,414,899) (1,416,586)
Average tangible common stockholders' equity (non-GAAP) $2,066,213 $2,059,819 $2,078,963 $2,140,366 $2,147,883
Return on average common equity 8.01 % -11.45 % -18.21 % 4.94 % 3.69 %
Return on tangible common equity 13.90 % -18.84 % -30.13 % 8.67 % 6.61 %
Adjusted return on average common equity (non-GAAP) 8.01 % 6.71 % 5.90 % 5.06 % 3.77 %
Adjusted return on tangible common equity (non-GAAP) 13.91 % 11.78 % 10.37 % 8.86 % 6.75 %
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date
For the Quarters Ended Mar 31 Dec 31 Sep 30 Jun 30 Mar 31
(Unaudited) 2026 2025 2025 2025 2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator) $140,673 $565,063 $425,201 $283,169 $144,580
Certain noninterest expense items (non-GAAP)
Early retirement program (283) (1,899) (1,899) (1,594)
FDIC Deposit Insurance special assessment 1,984
Professional services (1,200)
Termination of vendor and software services - (12)
Loss on sale of Equipment Finance business - (1,118)
Branch right sizing expense (531) (3,246) (3,161) (1,157) (994)
Other real estate and foreclosure expense adjustment (308) (1,046) (614) (414) (198)
Amortization of intangibles adjustment (3,097) (12,819) (9,722) (6,625) (3,527)
Adjusted efficiency ratio numerator $137,238 $544,923 $409,805 $273,379 $139,861
Net interest income $197,168 $719,203 $521,907 $335,246 $163,422
Noninterest income 44,197 (615,970) (667,678) 88,509 46,155
Fully tax-equivalent adjustment (2) 3,012 19,537 16,647 12,836 6,414
Efficiency ratio denominator 244,377 122,770 (129,124) 436,591 215,991
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt - 570 570
(Gain) loss on sale of securities - 801,492 801,492
Adjusted efficiency ratio denominator $244,377 $924,832 $672,938 $436,591 $215,991
Efficiency ratio (1) 57.56 % 460.26 % -329.30 % 64.86 % 66.94 %
Adjusted efficiency ratio (non-GAAP) (1) 56.16 % 58.92 % 60.90 % 62.62 % 64.75 %
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
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SOURCE Simmons First National Corporation
Ed Bilek, EVP, Director of Investor and Media Relations, ed.bilek@simmonsbank.com, 205.612.3378 (cell)