SFNC · Simmons First National Corporation

Simmons First National Corporation reported first quarter 2026 results that demonstrated continued operational momentum, with net income of $68.5 million and diluted EPS of $0.47. The company's performance was driven by strong loan growth, with total loans increasing 10% annualized linked quarter to $17.9 billion, supported by broad-based growth across commercial real estate, commercial and industrial, mortgage warehouse, and agricultural portfolios. Net interest margin expanded 3 basis points linked quarter to 3.84%, benefiting from disciplined relationship pricing, fixed rate asset repricing, and improving funding costs, with cost of deposits decreasing 8 basis points to 1.96%. Credit quality remained stable with net charge-offs of 21 basis points and provision expense exceeding net charge-offs by $5.5 million primarily due to loan growth. President and CEO Jay Brogdon noted the company is on track to deliver double-digit pre-provision net revenue growth in 2026, with adjusted PPNR growth of 53% year-over-year. The company maintained a strong capital position with a total risk-based capital ratio of 14.36% and tangible common equity ratio of 8.74%, while announcing a new $175 million share repurchase program in February 2026. Management expressed increasing optimism about prospects for consistently achieving returns that exceed long-range targets, supported by favorable talent environment and organic growth priorities.