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Earnings analysis · 10-Q

SFNC earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

For Q1 2026, Simmons First National Corporation reported net income of $68.5 million, corresponding to a diluted EPS of $0.47, consistent with the previous quarter but a significant increase from 2025's $32.4 million…

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For Q1 2026, Simmons First National Corporation reported net income of $68.5 million, corresponding to a diluted EPS of $0.47, consistent with the previous quarter but a significant increase from 2025's $32.4 million net income. Revenue in Q1 2026 was approximately $241.4 million, slightly down from $354 million in Q1 2025, with a gross margin of 59.2%. The company faced headwinds related to increased provisions for credit losses, totaling $14.6 million, alongside a notable reduction in noninterest income driven by a $2.1 million negative valuation adjustment.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.47
Gross margin
59.2%

What stood out

  • Stable EPS Despite Revenue Decline

    EPS remained at $0.47 in Q1 2026 compared to $0.54 in Q4 2025 and $0.26 in Q1 2025.

  • Improved Net Interest Margin

    Net interest margin increased to 3.84% compared to 2.95% in Q1 2025.

  • Significant Loan Growth

    Total loans grew to $17.93 billion in Q1 2026, up from $17.49 billion in Q4 2025.

  • Decrease in Nonperforming Loans

    Nonperforming loans as a percentage of total loans rose to 0.79% from 0.64% in Q4 2025.

  • Lower Interest Expense

    Total interest expense decreased from $144.4 million in Q1 2025 to $104.6 million in Q1 2026.

  • Increased Adjusted Earnings

    Adjusted earnings were $68.6 million in Q1 2026, compared with $33.1 million in Q1 2025.

What to watch

  • Noninterest Income Decline

    Total noninterest income decreased by $7.5 million, or 14.5%, compared to Q4 2025.

  • Increased Provision for Credit Losses

    Provision for credit losses was $14.6 million, down from $26.8 million in Q1 2025, indicating potential future credit stress.

  • Increase in Nonperforming Assets

    Total nonperforming assets increased to $154.5 million from $125.1 million in Q4 2025.

Management's outlook

Management expects continued monitoring of credit quality and potential impacts from macroeconomic conditions.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.