Simmons First National Corporation Reports Third Quarter Results
Simmons First National reported 3Q26 net income of $47.1 million ($0.32 diluted EPS), down from $66.7 million ($0.46) in 2Q26, while adjusted net income rose to $79.0 million ($0.54 adjusted diluted EPS) from $72.2 million ($0.50). The GAAP-adjusted gap reflected $43.2 million of pre-tax certain items, including branch/real estate rightsizing, severance/early retirement costs, and $17.1 million in professional services. Net interest margin expanded 8 bps to 3.92% on loan repricing and funding-cost optimization. Credit metrics softened modestly: net charge-offs rose to 27 bps from 20 bps, nonperforming loans grew to $179.9 million, and ACL coverage of NPLs fell to 133%.
Key figures
- Eps
- 0.32
- Revenue
- $251.2 million
- Guidance
- No formal guidance; management to outline strategic objectives and future financial targets at December Investor Day
- Ppnr
- 69100000
- Roaa
- 0.77%
- Nim fte
- 3.92%
- Acl ratio
- 1.37%
- Nco ratio
- 0.27%
- Cet1 ratio
- 12.05%
- Total loans
- 17465000000
- Total assets
- 24074000000
- Adjusted ppnr
- 112300000
- Adjusted roaa
- 1.29%
- Adjusted rotce
- 15.50%
- Total deposits
- 18616000000
- Nim change qoq bps
- 8
- Adjusted net income
- 79000000
- Net interest income
- 204000000
- Nonperforming loans
- 179900000
- Adjusted diluted eps
- 0.54
- Certain items pretax
- 43200000
- Cash dividend per share
- 0.215
- Provision for credit losses
- 12200000
- Adjusted noninterest expense
- 138900000
- Remaining buyback authorization
- 161000000
AI analysis
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