Quarterly ResultMay 6, 2026, 04:01 PM
Simmons First Q1 Net Income +111.6% to $68.5M; EPS $0.47
AI Summary
Simmons First National Corporation reported a significant increase in net income and earnings per share for the first quarter of 2026, driven by a substantial rise in net interest income and a decrease in the provision for credit losses. Net income more than doubled year-over-year, reaching $68.5 million, with basic EPS climbing to $0.47. The company also saw modest growth in its loan and deposit portfolios, though nonaccrual loans experienced an increase.
Key Highlights
- Net income for Q1 2026 surged 111.6% to $68.5 million, up from $32.4 million in Q1 2025.
- Basic earnings per share increased 80.8% to $0.47 in Q1 2026, compared to $0.26 in Q1 2025.
- Net interest income rose 20.6% to $197.2 million for Q1 2026, from $163.4 million in Q1 2025.
- Provision for credit losses decreased 45.4% to $14.6 million in Q1 2026, down from $26.8 million.
- Total loans increased to $17.93 billion as of March 31, 2026, from $17.49 billion at December 31, 2025.
- Total deposits grew slightly to $20.20 billion as of March 31, 2026, from $20.18 billion.
- Nonaccrual loans increased 26.3% to $141.2 million as of March 31, 2026, from $111.8 million.
- Total assets increased to $24.69 billion as of March 31, 2026, from $24.54 billion.