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Investor releaseQuarter not tagged2026-08-26Q2 Earnings Roundup: Simmons First National (NASDAQ:SFNC) And The Rest Of The Regional Banks Segment
StockStory
Q2 Earnings Roundup: Simmons First National (NASDAQ:SFNC) And The Rest Of The Regional Banks Segment
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the regional banks industry, including Simmons First National (NASDAQ:SFNC) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 94 regional banks stocks we track reported a mixed Q2. As a group, revenues were in line with analysts’ consensus estimates. While some regional banks stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.4% since the latest earnings results. With roots dating back to 1903 and a presence across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas, Simmons First National (NASDAQ:SFNC) is a regional bank holding company that provides banking and financial services to individuals and businesses. Simmons First National reported revenues of $251.6 million, up 14.1% year on year. This print was in line with analysts’ expectations, but overall, it was a softer quarter for the company with a significant miss of analysts’ EPSand net interest income estimates. The market seems disappointed with the results as the stock is down 2.3% since reporting and currently trades at $22.71. Read our full report on Simmons First National here, it’s free. Originally founded in 1964 as a federal savings and loan institution, OFG Bancorp (NYSE:OFG) provides banking and financial services including commercial and consumer lending, wealth management, insurance, and trust services primarily in Puerto Rico and the U.S. Virgin Islands. OFG Bancorp reported revenues of $190.3 million, up 4.4% year on year, outperforming analysts’ expectations by 3.9%. The business had an excep…Read full documentShow less
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the regional banks industry, including Simmons First National (NASDAQ:SFNC) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 94 regional banks stocks we track reported a mixed Q2. As a group, revenues were in line with analysts’ consensus estimates. While some regional banks stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.4% since the latest earnings results. With roots dating back to 1903 and a presence across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas, Simmons First National (NASDAQ:SFNC) is a regional bank holding company that provides banking and financial services to individuals and businesses. Simmons First National reported revenues of $251.6 million, up 14.1% year on year. This print was in line with analysts’ expectations, but overall, it was a softer quarter for the company with a significant miss of analysts’ EPSand net interest income estimates. The market seems disappointed with the results as the stock is down 2.3% since reporting and currently trades at $22.71. Read our full report on Simmons First National here, it’s free. Originally founded in 1964 as a federal savings and loan institution, OFG Bancorp (NYSE:OFG) provides banking and financial services including commercial and consumer lending, wealth management, insurance, and trust services primarily in Puerto Rico and the U.S. Virgin Islands. OFG Bancorp reported revenues of $190.3 million, up 4.4% year on year, outperforming analysts’ expectations by 3.9%. The business had an exceptional quarter with a beat of analysts’ EPS and net interest income estimates. The market seems content with the results as the stock is up 4.2% since reporting. It currently trades at $52.08. Is now the time to buy OFG Bancorp? Access our full analysis of the earnings results here, it’s free. Originally established in 1941 and now operating with a tech-forward approach that includes its SmartStreet platform for homeowner associations, Banc of California (NYSE:BANC) is a California-based bank holding company that provides banking services to small and middle-market businesses, entrepreneurs, and individuals. Banc of California reported revenues of $285.7 million, up 4.7% year on year, falling short of analysts’ expectations by 3.1%. It was a disappointing quarter as it posted a significant miss of analysts’ tangible book value per share and net interest income estimates. As expected, the stock is down 12.5% since the results and currently trades at $18.53. Read our full analysis of Banc of California’s results here. Founded in 1910 during a wave of community banking expansion in the Midwest, German American Bancorp (NASDAQ:GABC) is a financial holding company that provides banking, wealth management, and insurance services across southern Indiana and Kentucky. German American Bancorp reported revenues of $101.3 million, up 11.2% year on year. This number topped analysts’ expectations by 2.2%. It was a strong quarter as it also produced a solid beat of analysts’ tangible book value per share and EPS estimates. The stock is up 1.7% since reporting and currently trades at $49.64. Read our full, actionable report on German American Bancorp here, it’s free. Born from the ashes of a failed Florida thrift during the 2009 financial crisis, BankUnited (NYSE:BKU) is a regional bank that provides commercial lending, deposit services, and treasury solutions to businesses and consumers primarily in Florida and the New York metropolitan area. BankUnited reported revenues of $287.5 million, up 3.7% year on year. This result missed analysts’ expectations by 1.7%. It was a disappointing quarter as it also logged a significant miss of analysts’ net interest income and EPS estimates. The stock is down 3.6% since reporting and currently trades at $46.34. Read our full, actionable report on BankUnited here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Investor releaseQuarter not tagged2026-07-17Simmons First National Corporation Q2 2026 Earnings Call Summary
Moby
Simmons First National Corporation Q2 2026 Earnings Call Summary
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the 4% annualized growth in non-interest-bearing deposits to the early-stage execution of a new strategy focused on customer attraction and reducing attrition. Loan production reached near four-year highs, driven by strong underwriting discipline and a focus on full-relationship profitability rather than competing solely on price. The bank is transitioning from tactical expense management to a strategic focus on organizational optimization, process engineering, and technology enablement. Agricultural loan growth was fueled by seasonal production needs and the bank's ability to capture top-tier clients from competitors who are pulling back from the sector. Management noted that deposit competition remains 'very, very fierce' and expects this environment to persist, necessitating a focus on high-quality core customer growth. Efficiency gains were supported by a 2.5% reduction in square footage during the quarter, totaling an 8.5% reduction since the initiative's inception. The bank is leveraging industry disruption and M&A activity at other firms to recruit high-performing teams in wealth management and commercial banking. Management expects to exceed its initial 2026 guidance for net interest income growth, positive operating leverage, and PPNR growth based on mid-year fundamentals. Non-interest expense growth for the full year is projected to be lower than the original 2%-3% guidance, even while funding significant investments in talent and technology. The bank maintains its annual net charge-off outlook of approximately 25 basis points, supported by improving trends in criticized and classified loan buckets. Net interest margin assumptions include a potential rate increase in October 2026, which would provide further tailwinds to loan yields. A 'back book tailwind' is expected as $1.8 billion of fixed-rate loans, currently yielding below 4%, are scheduled to reprice over the next 12 months. Non-performing assets (NPAs) increased slightly due to a single four-family construction borrower relationship, which is now fully migrated and carries an 11% specific reserve. Management is taking a 'capitalistic' and opportunistic approach to wholesale funding, shifting toward FHLB borrowings over…Read full documentShow less
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the 4% annualized growth in non-interest-bearing deposits to the early-stage execution of a new strategy focused on customer attraction and reducing attrition. Loan production reached near four-year highs, driven by strong underwriting discipline and a focus on full-relationship profitability rather than competing solely on price. The bank is transitioning from tactical expense management to a strategic focus on organizational optimization, process engineering, and technology enablement. Agricultural loan growth was fueled by seasonal production needs and the bank's ability to capture top-tier clients from competitors who are pulling back from the sector. Management noted that deposit competition remains 'very, very fierce' and expects this environment to persist, necessitating a focus on high-quality core customer growth. Efficiency gains were supported by a 2.5% reduction in square footage during the quarter, totaling an 8.5% reduction since the initiative's inception. The bank is leveraging industry disruption and M&A activity at other firms to recruit high-performing teams in wealth management and commercial banking. Management expects to exceed its initial 2026 guidance for net interest income growth, positive operating leverage, and PPNR growth based on mid-year fundamentals. Non-interest expense growth for the full year is projected to be lower than the original 2%-3% guidance, even while funding significant investments in talent and technology. The bank maintains its annual net charge-off outlook of approximately 25 basis points, supported by improving trends in criticized and classified loan buckets. Net interest margin assumptions include a potential rate increase in October 2026, which would provide further tailwinds to loan yields. A 'back book tailwind' is expected as $1.8 billion of fixed-rate loans, currently yielding below 4%, are scheduled to reprice over the next 12 months. Non-performing assets (NPAs) increased slightly due to a single four-family construction borrower relationship, which is now fully migrated and carries an 11% specific reserve. Management is taking a 'capitalistic' and opportunistic approach to wholesale funding, shifting toward FHLB borrowings over brokered deposits due to favorable pricing spreads. Consumer spending headwinds were noted in the first quarter, specifically a 35% increase in debit spend for gas, though the bank still achieved deposit growth despite this drag. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects deposit costs to hover in the 190 to 195 basis point range if rates stay flat, with perhaps one more quarter of potential benefit. The bank is modeling a 45% beta increase if a rate hike occurs in late 2026, while focusing on mix shifts to outperform industry-wide funding headwinds. Organic investment in the business remains the top priority, but management will remain opportunistic with the $161 million remaining in the buyback authorization. Excess capital above the 10.5% CET1 target provides flexibility to return capital to shareholders as returns and capital levels build. The decline in the 'ready to close' pipeline was characterized as a timing issue following record committed production that moved into unfunded commitments. Yields on the ready to close pipeline improved by 33 basis points, reflecting both asset specificity and increased pricing discipline. The hiring of Jim Recer and other wealth teams is expected to open new C&I pipelines by leveraging deep relationships and centers of influence in key markets. Management described the current talent-driven growth as being in the 'extreme early innings' with significant synergistic potential for the commercial bank.
Investor releaseQuarter not tagged2026-07-17How Investors May Respond To Simmons First National (SFNC) Earnings Miss, Rising NII, And Share Buybacks
Simply Wall St.
How Investors May Respond To Simmons First National (SFNC) Earnings Miss, Rising NII, And Share Buybacks
Simmons First National Corporation has reported past second-quarter 2026 results showing net interest income of US$200.63 million and net income of US$66.69 million, alongside net loan charge-offs of US$9.12 million, while also completing a 700,000-share buyback for US$15.06 million. Despite year-on-year growth in revenue and earnings, the bank fell short of analyst estimates, prompting management to emphasize efficiency and cost-control initiatives as a key focus. We’ll now examine how Simmons First National’s earnings miss alongside rising net interest income shapes its existing investment narrative and risks. Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution. To own Simmons First National, you need to be comfortable with a regional bank story built around steady net interest income, disciplined credit costs and ongoing investment in people and technology. The latest quarter showed higher net interest income and lower net charge offs than a year ago, but the earnings miss keeps near term execution on efficiency the key catalyst, while persistent competition in loan pricing and pressure on deposit margins remains the most immediate risk. The recent completion of a 700,000 share, US$15.06 million buyback sits squarely in this context, occurring alongside rising net interest income and moderate credit costs. While the buyback was small at 0.48 percent of shares, it interacts with the same drivers investors are watching most closely: how Simmons balances capital returns with the expense discipline management has now put in focus. Yet even with higher net interest income, investors should be aware that pressure on deposit repricing and loan competition could still... Read the full narrative on Simmons First National (it's free!) Simmons First National's narrative projects $1.7 billion revenue and $1.4 billion earnings by 2029. This requires 173.0% yearly revenue growth and an earnings increase of about $1.8 billion from -$361.4 million today. Uncover how Simmons First National's forecasts yield a $23.57 fair value, in line with its current price. Simply Wall St Community members see fair value for Simmons First National between US$17.02 and about US$36.83, across three individual estimates. Against this wide spread, the recent earnings miss and management’s emphasis on efficiency…Read full documentShow less
Simmons First National Corporation has reported past second-quarter 2026 results showing net interest income of US$200.63 million and net income of US$66.69 million, alongside net loan charge-offs of US$9.12 million, while also completing a 700,000-share buyback for US$15.06 million. Despite year-on-year growth in revenue and earnings, the bank fell short of analyst estimates, prompting management to emphasize efficiency and cost-control initiatives as a key focus. We’ll now examine how Simmons First National’s earnings miss alongside rising net interest income shapes its existing investment narrative and risks. Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution. To own Simmons First National, you need to be comfortable with a regional bank story built around steady net interest income, disciplined credit costs and ongoing investment in people and technology. The latest quarter showed higher net interest income and lower net charge offs than a year ago, but the earnings miss keeps near term execution on efficiency the key catalyst, while persistent competition in loan pricing and pressure on deposit margins remains the most immediate risk. The recent completion of a 700,000 share, US$15.06 million buyback sits squarely in this context, occurring alongside rising net interest income and moderate credit costs. While the buyback was small at 0.48 percent of shares, it interacts with the same drivers investors are watching most closely: how Simmons balances capital returns with the expense discipline management has now put in focus. Yet even with higher net interest income, investors should be aware that pressure on deposit repricing and loan competition could still... Read the full narrative on Simmons First National (it's free!) Simmons First National's narrative projects $1.7 billion revenue and $1.4 billion earnings by 2029. This requires 173.0% yearly revenue growth and an earnings increase of about $1.8 billion from -$361.4 million today. Uncover how Simmons First National's forecasts yield a $23.57 fair value, in line with its current price. Simply Wall St Community members see fair value for Simmons First National between US$17.02 and about US$36.83, across three individual estimates. Against this wide spread, the recent earnings miss and management’s emphasis on efficiency give you more to weigh when thinking about how performance might track those expectations. Explore 3 other fair value estimates on Simmons First National - why the stock might be worth 27% less than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Simmons First National research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. Our free Simmons First National research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Simmons First National's overall financial health at a glance. Don't miss your shot at the next 10-bagger. Our latest stock picks just dropped: The future of work is here. Discover the 32 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SFNC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]
Investor releaseQuarter not tagged2026-07-17Simmons First National Corp (SFNC) Q2 2026 Earnings Call Highlights: Strong Deposit Growth and ...
GuruFocus.com
Simmons First National Corp (SFNC) Q2 2026 Earnings Call Highlights: Strong Deposit Growth and ...
This article first appeared on GuruFocus. Release Date: July 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Simmons First National Corp (NASDAQ:SFNC) reported a 4% annualized growth in non-interest-bearing deposits, indicating strong deposit growth. The company achieved near 4-year highs in loan production, with a 3% annualized growth, showcasing robust lending activity. SFNC has been successful in executing efficiency initiatives, reducing square footage by 8.5% since the start of their initiative. The company is actively investing in talent and technology, which is expected to drive future growth and efficiency. SFNC has demonstrated strong credit quality, with a decrease in criticized and classified loans and a stable outlook on net charge-offs. Deposit competition remains fierce, which could pressure deposit costs and impact margins. The company is experiencing seasonal outflows in public funds, which could affect short-term liquidity. Non-performing assets increased slightly due to a specific 1 to 4 family construction borrower, indicating potential credit risk. Loan yields have not increased as significantly as in previous quarters, reflecting a competitive lending environment. The loan-to-deposit ratio is at the upper end of the company's comfort level, which may limit future lending capacity without deposit growth. Warning! GuruFocus has detected 7 Warning Signs with SFNC. Is SFNC fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the funding side, the competitive landscape, and how you plan on driving core deposit growth? A: Daniel Hobbs, CFO, explained that deposits remain a strategic focus, with significant investments planned over the next 12 to 24 months. The company saw a 4% annualized growth in non-interest-bearing deposits in Q2. They are focusing on attracting new customers and reducing attrition, with positive trends in inflows versus outflows. The competitive environment for deposits is fierce, but the company is encouraged by the growth in high-quality deposits. Q: Can you discuss the lending landscape and expectations for loan growth? A: Jay Brogden, CEO, noted that the company is seeing strong loan production, with a low to mid-single-digit growth outlook for the year. They are maintaining strong credit underwriting and pricing standards. T…Read full documentShow less
This article first appeared on GuruFocus. Release Date: July 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Simmons First National Corp (NASDAQ:SFNC) reported a 4% annualized growth in non-interest-bearing deposits, indicating strong deposit growth. The company achieved near 4-year highs in loan production, with a 3% annualized growth, showcasing robust lending activity. SFNC has been successful in executing efficiency initiatives, reducing square footage by 8.5% since the start of their initiative. The company is actively investing in talent and technology, which is expected to drive future growth and efficiency. SFNC has demonstrated strong credit quality, with a decrease in criticized and classified loans and a stable outlook on net charge-offs. Deposit competition remains fierce, which could pressure deposit costs and impact margins. The company is experiencing seasonal outflows in public funds, which could affect short-term liquidity. Non-performing assets increased slightly due to a specific 1 to 4 family construction borrower, indicating potential credit risk. Loan yields have not increased as significantly as in previous quarters, reflecting a competitive lending environment. The loan-to-deposit ratio is at the upper end of the company's comfort level, which may limit future lending capacity without deposit growth. Warning! GuruFocus has detected 7 Warning Signs with SFNC. Is SFNC fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the funding side, the competitive landscape, and how you plan on driving core deposit growth? A: Daniel Hobbs, CFO, explained that deposits remain a strategic focus, with significant investments planned over the next 12 to 24 months. The company saw a 4% annualized growth in non-interest-bearing deposits in Q2. They are focusing on attracting new customers and reducing attrition, with positive trends in inflows versus outflows. The competitive environment for deposits is fierce, but the company is encouraged by the growth in high-quality deposits. Q: Can you discuss the lending landscape and expectations for loan growth? A: Jay Brogden, CEO, noted that the company is seeing strong loan production, with a low to mid-single-digit growth outlook for the year. They are maintaining strong credit underwriting and pricing standards. The company is optimistic about future loan growth due to a healthy pipeline and strong production across asset classes. Q: What are the initiatives and investments you're working on, especially on the efficiency front post-restructuring? A: Jay Brogden highlighted the focus on self-funding investments, particularly in talent and technology. The company is reducing square footage and improving processes across the bank. They aim to fund growth investments through internally generated savings, with significant opportunities identified for further efficiency improvements. Q: How do the recent initiatives impact the annual expense guidance of 2 to 3% growth? A: Jay Brogden stated that they expect to beat the initial expense growth guidance for the year. Despite making significant investments, the company is confident in achieving strong positive operating leverage and exceeding expectations for net interest income growth and PPNR growth. Q: Can you provide more color on the credit outlook and the specific reserve against the 1 to 4 family construction borrower? A: Jay Brogden acknowledged the top-heavy nature of NPLs but assured that the company is actively seeking resolution. They are conservative in their approach to potential losses and remain comfortable with the portfolio's loss content. The company maintains its outlook for approximately 25 basis points in annual net charge-offs. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Investor releaseQuarter not tagged2026-07-17Simmons First National Q2 Earnings Call Highlights
MarketBeat
Simmons First National Q2 Earnings Call Highlights
Interested in Simmons First National Corporation? Here are five stocks we like better. Deposit growth is improving as Simmons First National sees early success from marketing, customer acquisition and retention efforts, including 4% annualized growth in non-interest-bearing deposits and more inflows than outflows in the quarter. Management said deposit competition remains fierce, but it is focused on higher-quality funding and opportunistic wholesale funding. Loan production is strong, but the bank is staying disciplined despite intense pricing competition. Loan growth is running near the top end of its full-year outlook, and management said it will not stretch underwriting or pricing standards just to chase volume. Expense and profitability outlooks are improving even as Simmons continues investing in talent and technology. The company now expects to beat its prior non-interest expense growth guidance and remains comfortable with full-year net interest income growth of 9% to 11%. Simmons First National (NASDAQ:SFNC) executives said the bank is seeing early progress from deposit, lending and efficiency initiatives, while cautioning that competition for deposits and loans remains intense across its markets. During the company’s second quarter 2026 earnings call, President and CEO Jay Brogdon and CFO Daniel Hobbs described a quarter marked by higher-quality deposit growth, strong loan production, continued expense discipline and ongoing investments in talent and technology. Management also said it remains comfortable with several full-year outlook items issued earlier in the year. → Why ASML’s AI Monopoly Is Still Getting Stronger Hobbs said deposits remain “one of our biggest focuses strategically” and will likely be an area of significant investment over the next 12 to 24 months. He pointed to 4% annualized growth in non-interest-bearing deposits during the second quarter, calling those balances the “highest quality” deposits. Hobbs also said average balances in interest-bearing money market and savings accounts grew, even though ending balances declined. The bank is seeing early results from marketing campaigns, efforts to attract new customers, work to deepen existing relationships and initiatives to reduce attrition, Hobbs said. He added that Simmons had more inflows from new customer balances than outflows during the quarter. Checking accounts grew more…Read full documentShow less
Interested in Simmons First National Corporation? Here are five stocks we like better. Deposit growth is improving as Simmons First National sees early success from marketing, customer acquisition and retention efforts, including 4% annualized growth in non-interest-bearing deposits and more inflows than outflows in the quarter. Management said deposit competition remains fierce, but it is focused on higher-quality funding and opportunistic wholesale funding. Loan production is strong, but the bank is staying disciplined despite intense pricing competition. Loan growth is running near the top end of its full-year outlook, and management said it will not stretch underwriting or pricing standards just to chase volume. Expense and profitability outlooks are improving even as Simmons continues investing in talent and technology. The company now expects to beat its prior non-interest expense growth guidance and remains comfortable with full-year net interest income growth of 9% to 11%. Simmons First National (NASDAQ:SFNC) executives said the bank is seeing early progress from deposit, lending and efficiency initiatives, while cautioning that competition for deposits and loans remains intense across its markets. During the company’s second quarter 2026 earnings call, President and CEO Jay Brogdon and CFO Daniel Hobbs described a quarter marked by higher-quality deposit growth, strong loan production, continued expense discipline and ongoing investments in talent and technology. Management also said it remains comfortable with several full-year outlook items issued earlier in the year. → Why ASML’s AI Monopoly Is Still Getting Stronger Hobbs said deposits remain “one of our biggest focuses strategically” and will likely be an area of significant investment over the next 12 to 24 months. He pointed to 4% annualized growth in non-interest-bearing deposits during the second quarter, calling those balances the “highest quality” deposits. Hobbs also said average balances in interest-bearing money market and savings accounts grew, even though ending balances declined. The bank is seeing early results from marketing campaigns, efforts to attract new customers, work to deepen existing relationships and initiatives to reduce attrition, Hobbs said. He added that Simmons had more inflows from new customer balances than outflows during the quarter. Checking accounts grew more than 1% both year over year and linked quarter, which Hobbs said was evidence that deposit initiatives are beginning to pay off. → Cintas Keeps Beating Expectations—And the Story Isn’t Over Brogdon said the competitive environment remains challenging. “Deposit competition is very, very fierce,” he said, adding that he expects that backdrop to continue. He said the bank’s ability to grow in higher-quality funding categories despite that environment was encouraging. Hobbs said Simmons is taking an opportunistic approach to wholesale funding, including brokered deposits and Federal Home Loan Bank borrowings. He said the company leaned more into FHLB funding during the quarter because pricing was more advantageous, while remaining short duration in both brokered deposits and borrowings. → Blueprint for a Billion: Nebius Group Secures the AI Floor Brogdon said he remains encouraged by loan growth. Simmons previously provided a low- to mid-single-digit loan growth outlook for 2026, and Brogdon said the bank was at roughly 7% annualized loan growth year to date, placing it near the top end of that outlook halfway through the year. Second-quarter loan growth was not as strong as the first quarter, but Brogdon said that was not due to weak production. He said quarterly committed production was near a four-year high and fit within the bank’s credit underwriting and pricing standards. Production was partially offset by an expected level of paydowns. Brogdon said unfunded commitments increased due to recent production, and the loan pipeline remains healthy across the company’s footprint and asset classes. However, he emphasized that Simmons will remain disciplined. “We’re not going to stretch for growth right now,” he said. On loan pricing, Brogdon said competition has been intense, with Simmons missing some opportunities because other banks were willing to price more aggressively. He said the bank will continue to focus on relationship profitability and returns on invested capital. Management also highlighted a potential tailwind from fixed-rate loan repricing. Brogdon noted that Simmons has $1.8 billion of fixed-rate loans repricing over the next 12 months with an average yield below 4%, calling that “back book tailwind” meaningful. Brogdon said Simmons remains comfortable with its full-year guidance for net interest income growth of 9% to 11% and said the bank is “very comfortable” at the top end of that range. He also said Simmons remains comfortable with its fee and non-interest expense guidance, and expects to beat its earlier non-interest expense growth outlook of 2% to 3% for the year. Overall, Brogdon said he expects the company to exceed its prior expectations for more than 5% positive operating leverage and strong year-over-year pre-provision net revenue growth in 2026. Hobbs said the improved expense outlook includes significant investments. Simmons reduced square footage by another 2.5% during the quarter, bringing the total reduction to 8.5% since the start of the initiative. He said the company’s goal is to reduce square footage by 15%, with meaningful opportunities in corporate space as well as branches. Management also cited process improvement opportunities across the front, middle and back office. Brogdon said Simmons is investing heavily in talent and technology while using internal savings to help fund those initiatives. Asked about an increase in nonperforming assets related to a four-family construction borrower, Brogdon said the relationship “certainly sticks out” among the bank’s larger nonperforming loans. He said timing for resolution is difficult to predict and could extend into next year, but added that Simmons is devoting significant effort to resolving the matter. Brogdon said the broader credit backdrop shows some healthy migration, including declining criticized and classified loans and past dues moderating toward historical norms. He said those trends should be a leading indicator for the credit outlook. Simmons previously provided an outlook of approximately 25 basis points in annual net charge-offs for 2026. Brogdon said the company remains below that level through the first half of the year and does not currently know of anything that would cause it to change that outlook. Brogdon said Simmons will continue to be opportunistic with share repurchases, while prioritizing investments in the business and organic growth. An analyst referenced $161 million remaining under the company’s authorization, and Brogdon said management has put more “pencil to paper” on returning some excess capital through buybacks given its forward returns outlook. Executives also discussed recent hiring. COO Chris Van Steenberg said teams and individuals brought into the company this year are already generating meaningful wins, including in wealth-related balances and deposits. Brogdon said he was excited about bringing Jim Recer into the business, in response to a question about the bank’s commercial and industrial opportunity. On deposit costs, Hobbs said Simmons exited the quarter at about 1.90%, compared with a quarterly average of 1.93%. He said there may be one more quarter of benefit if rates remain flat, but a rate increase at the October 2026 Federal Reserve meeting would change that trajectory. If rates stay flat, he said deposit costs would likely hover around 1.90% to 1.95%, though investments in pricing and marketing could affect that range. In closing remarks, Brogdon said Simmons has “significant untapped efficiency and potential” and is shifting from tactical cost efforts toward more strategic work around organizational structure, process engineering and technology. He said those investments are intended to help the bank deliver an operating model capable of reaching or exceeding its long-range return targets. Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking. The company's core business activities span deposit-taking, lending and payment services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Simmons First National Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.
TranscriptFY2026 Q22026-07-17FY2026 Q2 earnings call transcript
Earnings source - 95 paragraphs
FY2026 Q2 earnings call transcript
Good day, and welcome to the Simmons First National Corporation second quarter 2026 earnings conference call and webcast. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Ed Bilek. Please go ahead, sir.
Good morning, and welcome to Simmons First National Corporation second quarter 2026 earnings call. Joining me today are several members of our executive management team, including President and CEO, Jay Brogdon, and CFO, Daniel Hobbs. Today's call will be in a Q&A format. Before we begin, I would like to remind you that our second quarter earnings materials, including the earnings release and presentation deck, are available on our website at simmonsbank.com under the investor relations tab. During today's call, we will make forward-looking statements about our future plans, goals, expectations, estimates, projections, and outlook, including, among others, our outlook regarding future economic conditions, interest rates, lending and deposit activity, credit quality, liquidity, and net interest margin.
These statements involve risk and uncertainties. You should therefore not place undue reliance on any forward-looking statement as actual results could differ materially from those expressed in or implied by the forward-looking statements due to a variety of factors. Additional information concerning some of these factors is contained in our earnings release and investor presentation furnished with our Form 8-K yesterday, as well as our Form 10-K for the year ended December 31st, 2025, and our Form 10-Q for the quarter ended March 31st, 2026, including the risk factors contained in those filings. These forward-looking statements speak only as of the date they are made. Simmons assumes no obligation to update or revise any forward-looking statements or other information. Finally, in this presentation, we will discuss certain non-GAAP financial metrics we believe provide useful information to investors.
Additional disclosures regarding non-GAAP metrics, including the reconciliation of those non-GAAP metrics to GAAP, are contained in our earnings release and investor presentation, which are furnished as exhibits to the Form 8-K we filed yesterday with the SEC and are also available on our investor relations page of our website, simmonsbank.com. Operator, we're ready to begin the Q&A.
Thank you. We will now begin the question and answer session. To ask a question, you may press star then one on your touch tone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then two. Our first question for today will come from David Feaster with Raymond James. Please go ahead.
Hey, good morning, everybody.
Morning, David.
I wanted to start on the funding side. Obviously, there are a lot of moving parts here just with seasonality of the public funds. You had some optimization of using borrowings versus brokered, there are some really encouraging trends, right? You got NIB growth, had declining deposit costs. I was just hoping you could maybe elaborate on what you're seeing on the funding side, the competitive landscape, how you plan on driving core deposit growth, especially just given some of the recent leadership hires that you've made and initiatives they're working on.
Yeah. Hey, David, this is Daniel. Appreciate that question. We've been talking about deposits a lot, and that continues to be one of our biggest focuses strategically, and probably will be where we invest probably some of the most investment that we'll have over the next 12 to 24 months. We're proud of growth in our non-interest-bearing deposits in the second quarter. Obviously, that's the highest quality of deposits, and we grew that 4% annualized. If you work down the quality versus the highest quality, lowest quality, interest-bearing money market savings, although in an ending balance standpoint, it was down, when you look at it on average, we grew that.
When you think about those two pieces, we're starting to see some fruition of a lot of the work that we've put into place, and we're very early innings in our strategy and executing around that deposit growth. A lot of the things that we're doing, we've talked about marketing campaigns, focus on attraction of new customers versus deepening with existing customers and reducing attrition. Actually, when you look at actual balances from this quarter, we had more inflows of new customer balances versus outflows of customer balances, that was a positive trend for us. The other thing I think as you think about core customer balances that we saw in the first quarter, especially on the consumer side, there was some headwinds there as it relates to debit spend around gas prices.
Gas prices were up pretty significantly, about 35% in terms of the debit spend going to convenience stores in the first quarter. That was a drag on, and we were still able to grow. We're pleased with that. As you work your way down, you look at non-relationship customer CDs. Those are balances that we're willing to let those run off. There's just not much ability to convert those to core customers. We've had a little bit of success there, but not a ton. We're willing to let those go off at high prices. Public funds was very seasonal
You typically see that this time of year. We're not losing any customers there. It's just seasonal outflows. If you think about just the wholesale funding, we're really just taking a capitalistic approach to how we think about broker deposits and FHLB funding. You will see that we've kind of moved more into FHLB this quarter just because the spread of that price is material enough for us to do that. We will continue to be opportunistic and flexible around that. We're short duration in both of those. That's how we're thinking about that. Just as we go forward, again, our focus on growing high quality core customers is our biggest focus. One last thing as you think about core customers, we grew checking accounts over 1% year-over-year and linked quarter.
That's an indication of some of the things that we're doing that are working and starting to pay off, and we'll be doubling down on those things over the next 12 to 24 months.
Hey, David Feaster, I'll jump in. This is Jay Brogdon, just with one other incremental comment. One of the things in your question that you alluded to is just what's the competitive environment out there? All of the things Daniel Hobbs said, and what I would say unsurprisingly, is that deposit competition is very, very fierce. Our outlook is that that's going to continue. We saw that throughout the second quarter. We've seen that for a couple of quarters now and really expect that to continue. When I think about all of the kind of underlying fundamentals that Daniel Hobbs just discussed in terms of our ability to begin to see origination and growth and success in the highest quality categories of the funding base amidst that backdrop, that's actually very encouraging to me.
Okay. That's great. Similarly encouraging, I thought was the loan production side. I mean, that near four-year highs, obviously, like 3% annualized growth. I was just hoping you could touch on the lending landscape across your footprint. Where are you seeing opportunities, your willingness to compete on pricing to continue to drive growth? Just how you think about rebuilding the pipeline and expectations for growth as we look forward?
Yeah. I would say there too, I am encouraged from a loan growth perspective. I think we kind of have low to mid-single digit outlook for this year from a loan growth perspective. We're at maybe 7% annualized loan growth year to date. We would be comfortably at kind of the top end of that outlook halfway through the year. Obviously, the second quarter growth wasn't as strong as the first quarter. That, as you indicated, David Feaster, and as we disclosed in the materials, wasn't a sign of a lack of production. We had a great quarter of production. All of that production would fit squarely into our strong standards in terms of both credit underwriting as well as pricing. I don't see us unrelenting in our focus in either of those areas of generating production.
When you think about generating good growth in the second quarter, some of that growth obviously offset by a healthy level and an expected level of pay downs. I look at a very strong amount of growth in the unfunded commitment bucket due to some of that production, continued health in the pipeline, and really a good top of funnel in terms of the opportunities we're seeing across the footprint and across asset classes. I'm certainly optimistic as we think about our ability to grow loans out into the future as a result of all of those things. I think the only thing I'd balance against that is maybe just that a balanced view on what Daniel talked about impacting the consumer in terms of some of the macro factors that are out there. We're not going to stretch for growth right now.
We are going to stick to our discipline, be unapologetic if the growth for some reason isn't there. We are certainly seeking to add clients and add good assets, both in terms of relationships on the funding and on the loan side all day, every day. Wide open for business for that, and again, encouraged with some of the success we're seeing.
That's great. Just last one from me. To me, I saw this quarter kind of really demonstrating you executing on your initiatives, especially on the efficiency front post the restructuring, right? That's been a big focus. Could you just talk about, I guess, as we look forward, some of the initiatives and investments that you're working on? I know you've been very active recruiting. We've had several announcements both on the senior management and banker side. Whether you can continue to fund a lot of the investments in the growth that you're making with internally generated savings and where some of those might be coming from.
Daniel and I may both have some comments here, but I think what you hit on in the question is perhaps the most important thing to me, and it's something we've talked about before, and that is just a focus and an ability to self-fund investments. Importantly, we are investing and investing heavily in the business. The market, you all have seen evidence of that with some of the hires and other things that we're doing. We are actively investing in both talent and technology, among other things. We really believe that there is a very opportune time right now in the marketplace for us to be doing those things.
To be able to look into the business and pull upon some of the muscle that I think we've developed over the last few years in terms of things we've historically called the Better Bank Initiative, et cetera. To continue to fund those investments, I think is really, really important and something that we'll continue to focus on. Daniel, I don't know if you want to add anything specifically from your perspective.
Yeah, I would. As you think about some of the things that we've done in the past, we feel like we've got a pretty extensive list of things that we're still working on and opportunities there. You saw in the quarter that we reduced square footage another 2.5%, which brings our total up to 8.5% since we've started this initiative. We feel like we still got a lot of opportunity there. A lot of that's in corporate space and not just the branch space. That's probably going to be where some of our biggest opportunities come from as we move forward. Our goal is to do 15%, then we'll continue to go from there. That's part of it. The other thing we are looking at is just process improvement all across the bank, from the front, middle, and back office.
There's a number of things that we're looking at that we have identified. Some of those things, back to your question around investment, some of those things are going to require investments to make it more efficient. There's just a lot of opportunity for us as we move forward and things that we're working on that we believe will help, as Jay said, fund the investments that we need to make.
That's great. Thanks, everybody.
Thanks, David.
Your next question will come from Woody Lay with KBW. Please go ahead.
Hey, good morning, guys.
Morning, Woody.
Maybe just a follow-up on the expenses. I was just curious how some of these initiatives you announced within the quarter, does that impact the annual expense guide you gave at the start of the year of kind of that 2%-3% growth? Just curious on your thoughts there.
Yeah, Woody, let me maybe just take that question and expand upon it. I'd go back. I'm a pretty simple guy. Daniel does a great job of filling in a lot of more sophistication than what I do. I appreciate that about him. If I just sit back and think about the core fundamentals of the business now, including your question around expenses. We guided back in January our outlook for the year of 9%-11% net interest income growth year-over-year. I would tell you, in the middle of the year, halfway through performing against that outlook, we are very comfortable at the top end of that range. We guided on fees and non-interest expenses. We are very comfortable in our ability to hit those guides.
To your question on the expense guide, I think we will beat that guidance for the year this year. It's hard for me, as I sit here right now, to give you an order of magnitude on that. I think we guided the 2%-3% growth in non-interest expenses back in January. I don't expect us to hit that level of non-interest expense growth for the year this year. Altogether, I think we had provided an outlook for 5+% positive operating leverage, strong PPNR growth year-over-year. I think we will exceed in 2026 all of those expectations based on the performance we're seeing and the fundamentals in the business as they sit here midway through the year.
Just one point to add to that, Woody, the comment Jay made around beating that guide, that's with making some significant investments. You've already seen us come to the market with some of those, and we'll continue to do that.
Exactly.
Right. That's very encouraging to hear. My next question, I just wanted to shift to credit real fast, NPAs were up just a touch with this one, the four-family construction borrower. That's fully migrated in the quarter. I know it partly migrated last quarter. I think you have an 11% specific reserve against the loan. I was just curious how you all think about timing around resolution and what the ultimate loss content there could be.
Yeah, I think, obviously, we're a bit top-heavy in NPLs when you look. We put a top 10 list in the investor presentation. That loan, certainly, that relationship certainly sticks out. Timing's difficult to predict right now, Woody. I would just tell you that we are obviously putting a tremendous amount of energy into seeking resolution there. You'll see us pursue that as quickly as we can. Does that carry past the end of the year and into next year fully or partially? It could. I'm just not sure as I sit here. Again, the assurance I can provide is we're all over it. I think the other assurance I can provide, and really this is across the board for us, and I think we've demonstrated this even with a couple of loans last year and really throughout our history.
We try to hit these things pretty conservatively. We're all about loss content in the portfolio and particularly in these loans. As I see credit, I see some pretty healthy migration in our credit backdrop right now. I see the level of criticized and classified loans coming down, past dues moderating to historical norms, and some stacked quarter trends, again, in those criticized and classified buckets. That should be a leading indicator of the credit outlook into the future. Again, we're going to work expeditiously toward resolution of the things that have migrated into non-performing.
We feel comfortable about the loss content in the portfolio and have even stated in the presentation, and I'll say it out loud right now, but based on everything we know today, the other outlook we gave back in January for the year this year was approximately 25 basis points in annual net charge-offs. We're below that through the first half of the year. We don't know anything that would cause us to want to change that outlook as we sit here today.
Got it. That's helpful. All right. That's all from me. Thanks for taking my questions.
Thanks, Woody.
The next question will come from Matt Olney with Stephens. Please go ahead.
Hey, thanks. Good morning, guys. Just want to follow up on the loan growth discussion. Jay, you mentioned the unfunded loan balance moved higher. I can see that in the deck. On the other hand, it looks like the ready to close loan pipeline moved a little bit lower. Just help us reconcile those two data points and what that means for loan growth for the back half of the year.
I think some of that's probably just timing right at the end of the quarter, honestly, Matt. Something that's going to pull out of the pipeline and into an unfunded commitment is going to come out of that bucket. If you square up the statements that quarterly committed production was at nearing an all-time high, at a four-year high, against that move in the ready to close portion of the pipeline, those things square in my mind. I think what you'll see, what I expect to see, and what in fact already happened even here into the third quarter, is we continue to see things moving through the funnel from opportunity into ready to close. I think everything from my perspective in the pipeline is normal and healthy.
As I think about that in terms of outlook for growth, the most given item in that outlook is an unfunded commitment, and then the next most given would be something ready to close. I think if anything, that kind of strengthens the outlook for assets to be able to fund in the balance of the year, and continue to offset any pay downs in the portfolio.
Okay. Perfect. That's helpful, Jay. Thanks for that. I guess, shifting over to loan yields. Over the last few quarters, we've seen some nice repricing of loan yields higher. That wasn't as apparent this quarter to me as it has been. Any more color on just loan yields, the competitive environment, and I know you have a nice fixed rate repricing story. Just any more color on expectations that we should have the next few quarters there?
I'll mention just a couple of things, and again, I'm sure Daniel may have some comments he wants to make on this one too, Matt. I think that the competition for loans has been similar to what I commented earlier in this call around deposits. It's been very competitive. We have seen a number of opportunities, not just in Q2, but just in recent history, the last few quarters, a number of opportunities where we've missed, and we haven't been close in terms of what other banks have been willing to do from a pricing perspective. We believe we are as sophisticated as anyone, certainly in our asset class, when it comes to thinking about relationship profitability and how we price for relationships. We're going to stick to that discipline.
We are all about thinking about returns on invested capital for every bit of funding and capital that we put into a relationship on the loan side. The good news is, even amidst that competitive backdrop, again, we still see a healthy pipeline. We've seen incredibly healthy production here in recent history. I think that we'll be able to continue to experience that, if that recent history is any indication of the future. The other data point that I'd point out here, again, some of it has to do with timing, so I don't want to overplay it, but as you think about pricing opportunities, you called out yourself, Matt, the pipeline and the movement in the ready to close portion of the pipeline.
I would point you to the statistic on our rate ready to close, that actually improved pretty meaningfully from the first quarter to the second quarter. I think that's maybe a little bit further evidence of what I'm trying to describe in terms of our ability to demonstrate discipline and pipeline opportunity and production at the same time. Daniel, I don't know if you want to add anything to any of that.
No, the only thing I would say is our yields were only down one basis point linked quarter. Prior to that, it was down seven basis points. That decline is lessening. As you think about just the betas on loans, we've got 18% cumulative to date what our beta was. As you think about forward views, right now in our outlook, we've got rate increase at the 10/26 meeting, that would provide loan yield growth as well if that were to happen.
Matt, the last comment I'd call you to that occurs to me, you referred to it in your question. I just want to point out that in our interest rate sensitivity slide on slide 11, we point out that there's $1.8 billion of fixed rate loans that are repricing in the next 12 months to have an average yield below 4%. That back book tailwind is very real.
Okay, guys. Thanks for the color.
The next question will come from Stephen Scouten with Piper Sandler. Please go ahead.
Good morning, guys. I'm curious just how you think about the loan-to-deposit ratio from here, kind of where you would allow that to move to if it continued to trend higher. I know some of that dynamic this quarter is obviously just that capitalistic shift you referenced of moving to the FHLB borrowings versus brokered. How do you think about what would be the level of comfort with that ratio, where you would allow it to go?
I think, Steven, we're in the range of where our comfort level would be. It could flex either direction incrementally from here. I think everything that Daniel described on the funding earlier, again, is just us being opportunistic in and around any of the elements of funding that are not as core as the core customer base is. I think your point is around the loan-to-deposit ratio is we have to continue to demonstrate the ability to grow the core deposit franchise as we are in order to continue to core fund the loan book. That's our goal, that's our expectation. It's not our strategy to be a less than high quality funded institution.
Yep, makes sense. Then you guys spoke to some of those metrics, the checking account growth year-over-year, quarter-over-quarter, and a lot of new customer looks. Has there been a push from an advertising perspective or a product perspective, or is some of that coming from just more looks given disruption of other banks in and around your markets? Can you give us a feel for what sort of looks you're getting due to that disruption in terms of whether it's new customers or new talent?
Yeah, Steven, we've got a lot of different initiatives how we think about deposit growth. Marketing is one significant one that we've only been doing really for the better part of a year. We've been kind of testing and learning and growing into that over that timeframe. We've been targeting consumer small business and private wealth customers, and we're seeing some positive momentum there. Other things that we're doing is around incentives, making sure that our incentives are aligned both on the consumer and the commercial side, and we're working through those. New product rollout, you asked about that. We did roll out some new products on the consumer side on March 31, so we're starting to see some of that come through.
Then there are other investments that we're looking to make on the commercial side from a platform standpoint that we feel like will give us some advantages in order to get some deeper relationships and some new customer looks that we might not have gotten before. There's a number of things that we're working on there. As I said earlier in the call when kind of started off, this is probably an area that we would have a lot of investment go into.
Chris, you want to chime in here too?
Hey, Stephen, Chris Van Steenberg here. I'd say the other thing, a couple of folks have mentioned some of the hires we've made this year, and you've referenced disruption in the industry. As we look at some of the teams or individuals we've brought in this year, we're already seeing some meaningful wins from those as well. Those are investments that are already returning for us, and those are showing up both in terms of wealth generation and movement balances here in terms of AUA. AUM is also on the deposit side. Good early results there, which I think reinforces the message that we've sent around taking advantage of other people's lack of focus due to M&A. I think that just reinforces where we're headed.
Got it. Maybe one last thing from me is just the repurchase obviously was nice to see this quarter, and I think if I remember correctly, you talked about excess capital kind of being north of 10.5% CET1. It seems like you've got a fair amount of room. Just wondering how to think about that remaining, there's $161 million remaining in that authorization.
Yeah, I think, Stephen, we'll evaluate that. We'll continue to be opportunistic there. You've heard us, we're going to be a broken record on this, but our priority is investing in the business. If we have opportunities to drive organic growth, drive investment in the business that has strong returns, that's going to be clear priority number 1 time and time again. We do think there, with the excess capital and particularly with how we look at the shape of our returns outlook when we look forward and the capital levels that should build as a result of that. We've got pencil to paper a little more in terms of how we think about being able to return some of that capital to the shareholder via the buyback, and you saw us have an opportunity to do that in the second quarter.
Great. Appreciate all that color. Congrats on a nice quarter.
Thanks, Stephen.
Your next question will come from Brian Wilczynski with Morgan Stanley. Please go ahead.
Hi, good morning.
Morning, Brian.
You talked about deposit competition earlier in the call, and it's very clear that you're really focused on growing customer deposits. Given the environment and that focus that you have, how should we think about the trajectory of deposit costs in the second half of the year, particularly if we end up in a higher for longer rate environment? Thanks.
Yeah. Hey, Brian, appreciate that question. I think what you will see is We kind of exited the quarter at about a 190 deposit cost. The average for the quarter was 193. There's probably one more quarter of potential benefit from deposit costs. If we get the rate increase in the 10/26 meeting, that would obviously flip that the other way. As you think about deposit costs and the beta over that course of the rest of this year and next year, we would view that what we're modeling is about a 45% beta increase. If we get a rate increase, if rates are flat, I think it'll kind of hover where we are. I mentioned some of the investments that we may be making. Those investments will be on the rate side as well as the marketing side. That could potentially drive that up.
If rates stay flat, I think you'll see deposit costs relatively hover in that, call it 190, 195 range. There's probably one more quarter of benefit there.
Brian, I would just add, too, I really think that my best read of the crystal ball here is kind of regardless of what the Fed does, there's some amount of competition on the deposit side that is going to compete away some of the industry's either asset sensitivity, if rates do come up, or compete away some of the back book repricing that's there. That's not Simmons commentary that I'm giving you. That's more just my perspective as I think about the industry right now. I think that our particular focus on deposits actually has an opportunity to perhaps even help us outperform that industry headwind, because we have opportunities from a remix perspective, given that we're coming from behind in some of our composition of the deposit franchise.
Perhaps we can make some of the investments that we've been making in both people, products, tools, and even in front book pricing to drive mix that would benefit the overall cost of deposits.
Just to the point on mix, can you just give a little bit more color on the opportunity to pay down brokered deposits from here? Maybe for just funding mix more broadly, I did see that the borrowings were up a bit Q1 Q. Can you just talk about how you're managing that as we look ahead to the second half of the year?
Yeah, Brian. On the funding mix side, Daniel, I think it really goes back to your earlier comment, if I understand Brian's question, that the way we're looking at the outlook, Brian, for FHLBs versus brokers is really just Daniel's word earlier is we're going to be capitalists about it. We're going to be opportunistic about it. Right now, or at least late in the second quarter and coming into the third quarter, it's more advantageous from a cost perspective for us to lean into FHLBs and allow some of the short duration brokers to mature and run off. We'll just continue to be opportunistic in that regard.
Got it. Maybe just one more on loan growth. You talked about not stretching for growth, just given the competitive environment, and you have a pretty conservative posture around returns and credit. Can you just talk a little bit about where you're seeing the most attractive risk-adjusted return across the portfolio today, whether it's C&I versus CRE, and just how you're thinking about the mix of incremental loan growth going forward?
I think, again, you have to look relationship here. Purely on the asset side, without any kind of allocation of funding against it, we're still seeing some really good returns from a commercial real estate point of view and some good opportunities there. Again, that's through a very strong lens in terms of exactly what asset classes and even just sort of what geographies and what street corners we're willing to look at for some of those transactions. I think when you think about C&I, the real opportunity to drive stronger returns, and we're seeing some of this, is on being able to pull over full relationships.
When we're bringing in and leading with operating accounts, institutional and sort of corporate wealth fees, other fee type business, of course, bringing in the credit relationships alongside of those as well, those are some incredibly attractive return profiles. That's something that we're very focused on, seeing some success on. That's some of our heaviest investment as we look forward, is continuing to build the teams and the platforms to generate that type of client profile growth on a consistent and respectable basis.
I really appreciate the detailed answer. Thank you for taking my questions.
Thanks, Brian.
The next question will come from Gary Tenner with D.A. Davidson. Please go ahead.
Thanks. Good morning, everybody. I had just a question. Jay, I was just wondering, as you talk about the C&I opportunity and investments you've made, any comments you wanted to make around bringing on Jim Recer to the business and kind of the opportunity to focus on C&I through his relationships?
Well, I appreciate that question. I couldn't be more excited to have Jim here. We've had a number of great talent opportunities. Chris Van Steenberg mentioned earlier, I think basically was referring to the St. Louis wealth team and others. We brought a team on a bit earlier this year that is absolutely knocking the cover off the ball in terms of new business that they're bringing into the bank. Those businesses, I want to use that example to kind of get all the way back to your question with Jim. The business that that team and those types of talent are bringing into the organization are very synergistic to the commercial bank as well, because we are banking in those markets, commercial executives, centers of influence, et cetera, that we just didn't have as deep a relationship with before.
That's really opening up the pipeline. I think it's some of those things that are unfolding inside the business that allow us to sit down with a professional like Jim Reeser, He gets excited about the direction of the bank and the things that we're building. I think, Gary, in a nutshell, we're just kind of seeing success beget success right now on both the talent and the production front there. It's in the extreme early innings as we sit here today.
Got it. Appreciate that. Specific to the second quarter, can you talk a little bit about just the strength in the ag growth that really drove C&I this quarter? Secondarily, you had mentioned earlier, I think Daniel mentioned the increase in the yield in the ready to close portfolio. I think it was up like 33 basis points quarter-over-quarter. Is that a mix phenomenon or what's kind of driving that?
Yeah. On the ag side, I want to remind everyone, we've been banking farmers for 123 years at Simmons Bank. That's a sector that requires a unique kind of set of experience and understanding of the farmer and of the entire system. That's something we pride ourselves on. It is a sector that has challenges right now. We're finding ourselves, I think, benefiting just for the quarter, to your question, Gary, just to limit it just to the quarter, we're benefiting, I think, from a couple of things. One is just some seasonality. One is just seasonality in production in that business.
The other is some of the headwinds to that sector have a lot of folks who are looking a little bit inward or less willing to support kind of generational farmers and top-tier clients in our footprint that we've been close to for a long time, and we're now able to take kind of primary relationship with. That's some of what we're seeing, I think, on that side of the business. Gary, remind me, what was the second part of your question there?
The second part was on the-
Yeah
the yields on the ready to close. Yeah.
Yeah. I think there is a bit of a numerator and denominator impact to that. That's why I mentioned earlier in response to another question that I don't want to overplay the increase in the yield in that bucket because the denominator impact is just with some of the production that we saw. There's some asset specificity in there that's driving a portion of that. At the same time, I don't want to apologize for the reality that a portion of that is more on that numerator side, as I'll call it, which is just driving discipline in terms of how we evaluate profitable relationships and what we're willing to move through the production.
Thank you.
Thank you.
This will conclude our question and answer session. I would like to turn the conference back over to Mr. Jay Brogdon, President and CEO, for any closing remarks. Please go ahead.
I just want to spend a few moments as we wrap up here, maybe just share a few things that are on the top of my mind as I think about our business. What I'd say is I believe there is significant untapped efficiency and potential in our business as we sit here today. I might look backwards before I look forward a bit here. If you think about the past few years, we've commented on this on the call, we've been deep into what we've called a Better Bank Initiative. I think we've demonstrated some very real results in terms of expense discipline. What I'd categorize that as over the last couple of years is mostly very tactical things that we've worked on. We're still doing that in 2026. We sometimes refer to it as good hygiene or continuous improvement.
That work will continue and is continuing now. What I want to call everybody's attention to is our focus over the past year, in addition to those tactical efforts, has also shifted a lot more strategic. You've seen evolution in our leadership team to support some of that strategic shift. What I'd say is right now, we are in that strategic focus. We're focused heavily on how we optimize the organization of our teams, how we engineer better processes, and how we enable the business through technology. I think these investments, as we move forward through the balance of the year, are going to allow us to deliver an operating model at Simmons Bank that can consistently drive returns at or above any of the long-range targets we've published.
Again, what I'd say is we have a demonstrated track record in this regard over the past few years. As I look forward, what I would describe today is I think there's more to come in this regard, and I don't think you will be disappointed as we deliver those results. We'll look forward to sharing more of this with you as we move through the second half of the year. Appreciate you for sharing some time with us this morning, and have a great day.
The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.
Investor releaseQuarter not tagged2026-07-16Simmons First National (SFNC) Lags Q2 Earnings and Revenue Estimates
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Simmons First National (SFNC) Lags Q2 Earnings and Revenue Estimates
Simmons First National (SFNC) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.66%. A quarter ago, it was expected that this bank holding company would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Simmons First National, which belongs to the Zacks Banks - Southeast industry, posted revenues of $251.6 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.18%. This compares to year-ago revenues of $214.18 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Simmons First National shares have added about 23.2% since the beginning of the year versus the S&P 500's gain of 10.6%. While Simmons First National has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Simmons First National was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the comp…Read full documentShow less
Simmons First National (SFNC) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.66%. A quarter ago, it was expected that this bank holding company would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Simmons First National, which belongs to the Zacks Banks - Southeast industry, posted revenues of $251.6 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.18%. This compares to year-ago revenues of $214.18 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Simmons First National shares have added about 23.2% since the beginning of the year versus the S&P 500's gain of 10.6%. While Simmons First National has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Simmons First National was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $257.38 million in revenues for the coming quarter and $2.08 on $1.01 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Capital City Bank (CCBG), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 21. This bank holding company is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +3.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Capital City Bank's revenues are expected to be $64 million, up 1.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Simmons First National Corporation (SFNC) : Free Stock Analysis Report Capital City Bank Group (CCBG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-16Simmons First National Corporation Reports Second Quarter Results
PR Newswire
Simmons First National Corporation Reports Second Quarter Results
PINE BLUFF, Ark., July 16, 2026 /PRNewswire/ -- Jay Brogdon, Simmons' President and CEO, commented on second quarter 2026 results: "Simmons delivered continued expansion in returns in the second quarter, reflecting revenue growth coupled with disciplined expense control. Committed loan production reached $1.8 billion, its highest quarterly level in almost four years, partially offset by expected paydowns, while our focus on disciplined loan and deposit pricing supported a stable net interest margin. Underlying trends in asset quality remain constructive, with net charge-offs of 20 basis points, provision expense exceeding net charge-offs by $8.3 million and continued positive trends in classified and criticized loans, even as we manage a single relationship that fully migrated to nonperforming in the second quarter. During the quarter, the continued execution of efficiency initiatives more than funded our investments in the business, reflecting ongoing progress of our continuous improvement mindset. These actions included the elimination of certain positions and further optimization of our real estate footprint through meaningful square footage reductions. As we look to the remainder of the year, we expect to sharpen our focus on the disciplined execution of these types of initiatives, which we believe will more than fund additional investments designed to further enhance the quality and sustainability of our organic growth outlook." Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $66.7 million for the second quarter of 2026, compared to net income of $68.5 million for the first quarter of 2026 and $54.8 million for the second quarter of 2025. Diluted earnings per share were $0.46 for the second quarter of 2026, compared to $0.47 for the first quarter of 2026 and $0.43 for the second quarter of 2025. Adjusted earnings1 for the second quarter of 2026 were $72.2 million, compared to $68.6 million for the first quarter of 2026 and $56.1 million for the second quarter of 2025. Adjusted diluted earnings per share1 for the second quarter of 2026 were $0.50, compared to $0.47 for the first quarter of 2026 and $0.44 for the second quarter of 2025. For the second quarter of 2026, return on average assets was 1.09 percent and return on average common equity was 7.69 percent. Adjusted return on average assets1 was 1.1…Read full documentShow less
PINE BLUFF, Ark., July 16, 2026 /PRNewswire/ -- Jay Brogdon, Simmons' President and CEO, commented on second quarter 2026 results: "Simmons delivered continued expansion in returns in the second quarter, reflecting revenue growth coupled with disciplined expense control. Committed loan production reached $1.8 billion, its highest quarterly level in almost four years, partially offset by expected paydowns, while our focus on disciplined loan and deposit pricing supported a stable net interest margin. Underlying trends in asset quality remain constructive, with net charge-offs of 20 basis points, provision expense exceeding net charge-offs by $8.3 million and continued positive trends in classified and criticized loans, even as we manage a single relationship that fully migrated to nonperforming in the second quarter. During the quarter, the continued execution of efficiency initiatives more than funded our investments in the business, reflecting ongoing progress of our continuous improvement mindset. These actions included the elimination of certain positions and further optimization of our real estate footprint through meaningful square footage reductions. As we look to the remainder of the year, we expect to sharpen our focus on the disciplined execution of these types of initiatives, which we believe will more than fund additional investments designed to further enhance the quality and sustainability of our organic growth outlook." Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $66.7 million for the second quarter of 2026, compared to net income of $68.5 million for the first quarter of 2026 and $54.8 million for the second quarter of 2025. Diluted earnings per share were $0.46 for the second quarter of 2026, compared to $0.47 for the first quarter of 2026 and $0.43 for the second quarter of 2025. Adjusted earnings1 for the second quarter of 2026 were $72.2 million, compared to $68.6 million for the first quarter of 2026 and $56.1 million for the second quarter of 2025. Adjusted diluted earnings per share1 for the second quarter of 2026 were $0.50, compared to $0.47 for the first quarter of 2026 and $0.44 for the second quarter of 2025. For the second quarter of 2026, return on average assets was 1.09 percent and return on average common equity was 7.69 percent. Adjusted return on average assets1 was 1.17 percent and adjusted return on average tangible common equity1 was 14.37 percent. The table below summarizes the impact of certain items, consisting primarily of branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services. 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) Net Interest IncomeNet interest income for the second quarter of 2026 totaled $200.6 million, up $3.5 million, or 7 percent annualized, compared to $197.2 million for the first quarter of 2026 and up $28.8 million, or 17 percent, compared to $171.8 million for the second quarter of 2025. The increase in net interest income on a linked quarter basis was primarily due to a $5.9 million increase in interest income, driven by a $7.0 million increase in loan interest income, offset in part by a $2.4 million increase in interest expense. The increase in net interest income on a year-over-year basis was primarily due to a $36.1 million decrease in interest expense, which included a $30.8 million decrease in interest bearing deposit costs and a $5.3 million decrease in the cost of other interest bearing liabilities. The decrease in interest expense compared to the prior year quarter reflected a reduction in 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 second quarter of 2026 on a fully taxable equivalent (FTE) basis2 was 3.84 percent, unchanged from first quarter 2026 levels and up 78 basis points compared to 3.06 percent for the second quarter of 2025. 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. Noninterest IncomeNoninterest income for the second quarter of 2026 was $47.9 million, compared to $44.2 million in the first quarter of 2026 and $42.4 million in the second quarter of 2025. The increase in noninterest income on a linked quarter basis was primarily due to an increase in swap fee income and a positive valuation adjustment on Small Business Investment Company (SBIC) investments in the second quarter of 2026, both of which are included in other income in the table below. Noninterest ExpenseNoninterest expense for the second quarter of 2026 was $147.7 million, compared to $140.7 million in the first quarter of 2026 and $138.6 million in the second quarter of 2025. Included in noninterest expense are certain items consisting of branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services. Collectively, these items totaled $7.4 million in the second quarter of 2026, $30 thousand in the first quarter of 2026 and $1.8 million in the second quarter of 2025. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" table below) adjusted noninterest expense1 was $140.3 million in the second quarter of 2026, $140.6 million in the first quarter of 2026 and $136.8 million in the second quarter of 2025. The efficiency ratio for the second quarter of 2026 was 58.72 percent, compared to 57.56 percent for the first quarter of 2026 and 62.82 percent for the second quarter of 2025. The adjusted efficiency ratio1 was 54.26 percent for the second quarter of 2026, compared to 56.16 percent for the first quarter of 2026 and 60.52 percent for the second quarter of 2025. Loans and Unfunded Loan CommitmentsTotal loans at the end of the second quarter of 2026 were $18.1 billion, up $129.5 million, or 3 percent annualized, compared to $17.9 billion at the end of the first quarter of 2026, and up $951.3 million, or 6 percent, compared to $17.1 billion at the end of the second quarter of 2025. The increase in total loans on a linked quarter basis was driven by increases in agricultural, commercial real estate and consumer and other portfolios, offset in part by a decrease in real estate construction. Unfunded loan commitments at the end of the second quarter of 2026 were $4.4 billion, compared to $4.1 billion at the end of the first quarter of 2026 and $3.9 billion at the end of the second quarter of 2025. The commercial loan pipeline totaled $1.4 billion at the end of the second quarter of 2026, and ready-to-close commercial loans totaled $374 million with a weighted average rate of 6.73 percent. Deposits and Other BorrowingsTotal deposits at the end of the second quarter of 2026 were $19.7 billion, compared to $20.2 billion at the end of the first quarter of 2026 and $21.8 billion at the end of the second quarter of 2025. Noninterest bearing deposits totaled $4.4 billion at the end of the second quarter of 2026, up $60.8 million, or 6 percent annualized, compared to $4.3 billion at the end of the first quarter of 2026. Interest bearing deposits at the end of the second quarter of 2026 totaled $15.4 billion, compared to $15.9 billion at the end of the first quarter of 2026 and $17.4 billion at the end of the second quarter of 2025. The decrease in interest bearing deposits on a linked quarter basis was driven by lower levels of interest bearing transaction accounts and savings accounts, and time deposits, coupled with a reduction in the utilization of brokered deposits given pricing relative to FHLB advances. 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 second quarter of 2026 were $941.3 million, compared to $446.8 million at the end of the first quarter of 2026 and $634.3 million at the end of the second quarter of 2025. The increase in other borrowings on a linked quarter basis reflected increased utilization of short-term FHLB advances given favorable pricing. Asset QualityProvision for credit losses on loans totaled $17.4 million for the second quarter of 2026, compared to $14.6 million in the first quarter of 2026 and $11.9 million in the second quarter of 2025. Net charge-offs as a percentage of average loans for the second quarter of 2026 were 20 basis points, compared to 21 basis points in the first quarter of 2026 and 25 basis points in the second quarter of 2025. Provision for credit losses on loans exceeded net charge-offs by $8.3 million during the second quarter of 2026. The allowance for credit losses on loans at the end of the second quarter of 2026 was $238.2 million, compared to $229.9 million at the end of the first quarter of 2026 and $253.5 million at the end of the second quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the second quarter of 2026 was 1.32 percent, compared to 1.28 percent at the end of the first quarter of 2026 and 1.48 percent at the end of the second quarter of 2025. Loans past due 30-89 days as a percentage of total loans were 29 basis points at the end of the second quarter of 2026, compared to 51 basis points at the end of the first quarter of 2026 and 17 basis points at the end of the second quarter of 2025. Total nonperforming loans at the end of the second quarter of 2026 totaled $166.0 million, compared to $141.9 million at the end of the first quarter of 2026 and $157.2 million at the end of the second quarter of 2025. The increase in nonperforming loans on a linked quarter basis primarily reflected further migration of the remaining portion of a single 1-4 family real estate construction relationship previously disclosed in the first quarter of 2026. The nonperforming loan coverage ratio ended the second quarter of 2026 at 143 percent, compared to 162 percent at the end of the first quarter of 2026 and 161 percent at the end of the second quarter of 2025. Total nonperforming assets as a percentage of total assets were 72 basis points at the end of the second quarter of 2026, compared to 63 basis points at the end of the first quarter of 2026 and 62 basis points at the end of the second quarter of 2025. CapitalTotal stockholders' equity at the end of the second quarter of 2026 was $3.5 billion, compared to $3.4 billion at the end of the first quarter of 2026 and $3.5 billion at the end of the second quarter of 2025. Book value per share at the end of the second quarter of 2026 was $24.11, compared to $23.70 at the end of the first quarter of 2026 and $28.17 at the end of the second quarter of 2025. Tangible book value per share1 at the end of the second quarter of 2026 was $14.42, compared to $14.03 at the end of the first quarter of 2026 and $16.97 at the end of the second 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 $35.6 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 second quarter of 2026 was 14.1 percent, compared to 13.9 percent at the end of first quarter of 2026 and 13.3 percent at the end of the second quarter of 2025. Tangible common equity as a percentage of tangible assets1 was 8.9 percent at the end of the second quarter of 2026, compared to 8.7 percent at the end of the first quarter of 2026 and 8.5 percent at the end of the second quarter of 2025. Both Simmons and its principal subsidiary, Simmons Bank, continue to maintain regulatory capital ratios significantly above "well-capitalized" regulatory guidelines. Share Repurchase Program During the second quarter of 2026, Simmons repurchased approximately 0.7 million shares of its Class A common stock at an average price of $21.52 under its 2026 stock repurchase program (2026 Program). Remaining authorization under the 2026 Program as of June 30, 2026, was approximately $161 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. Conference CallManagement will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, July 17, 2026. Interested parties 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 10210202. 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 CorporationSimmons 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 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 MeasuresThis 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/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services. 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 StatementsCertain 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 the Company has 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, the Company's Form 10-Q for the quarter ended March 31, 2026, 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. 20252025($ in thousands) ASSETS Cash and noninterest bearing balances due from banks$ 377,602$ 342,603$ 380,439$ 377,604$ 398,081 Interest bearing balances due from banks and federal funds sold211,882205,880331,474266,013246,381 Cash and cash equivalents589,484548,483711,913643,617644,462 Interest bearing balances due from banks - time100100100100100 Investment securities - held-to-maturity----3,591,531 Investment securities - available-for-sale3,077,1813,152,2863,266,2213,319,2772,405,320 Mortgage loans held for sale16,45014,31117,43815,50716,972 Assets held in trading accounts14,54114,54311,68512,695- Loans: Loans18,062,36917,932,88317,492,17917,188,81717,111,096 Allowance for credit losses on loans(238,227)(229,908)(224,377)(258,006)(253,537) Net loans17,824,14217,702,97517,267,80216,930,81116,857,559 Premises and equipment552,435557,873561,220568,343573,160 Foreclosed assets and other real estate owned11,08012,47512,0096,3868,794 Interest receivable103,016101,557104,062104,383120,443 Bank owned life insurance545,252542,486540,001539,372535,481 Goodwill1,320,7991,320,7991,320,7991,320,7991,320,799 Other intangible assets78,22881,32584,42387,52090,617 Other assets644,108643,570643,204659,352528,382 Total assets$ 24,776,816$ 24,692,783$ 24,540,877$ 24,208,162$ 26,693,620 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits: Noninterest bearing transaction accounts$ 4,350,474$ 4,289,697$ 4,330,211$ 4,377,232$ 4,468,237 Interest bearing transaction accounts and savings deposits11,133,26511,311,97911,141,16910,932,91411,176,791 Time deposits4,244,3714,601,1074,712,6584,527,5876,179,962 Total deposits19,728,11020,202,78320,184,03819,837,73321,824,990 Federal funds purchased and securities sold under agreements to repurchase46,2168,70821,38322,34831,306 Other borrowings941,256446,756302,25318,832634,349 Subordinated notes and debentures312,028315,700317,714648,976366,369 Accrued interest and other liabilities267,347281,102296,249326,310287,396 Total liabilities21,294,95721,255,04921,121,63720,854,19923,144,410 Stockholders' equity: Common stock1,4441,4511,4481,4471,260 Surplus2,837,8452,848,9522,846,5812,848,9772,518,286 Undivided profits937,307901,696864,341817,0221,410,564 Accumulated other comprehensive (loss) income(294,737)(314,365)(293,130)(313,483)(380,900) Total stockholders' equity3,481,8593,437,7343,419,2403,353,9633,549,210 Total liabilities and stockholders' equity$ 24,776,816$ 24,692,783$ 24,540,877$ 24,208,162$ 26,693,620 View original content to download multimedia:https://www.prnewswire.com/news-releases/simmons-first-national-corporation-reports-second-quarter-results-302827995.html
Investor releaseQuarter not tagged2026-07-16Simmons First National: Q2 Earnings Snapshot
Associated Press
Simmons First National: Q2 Earnings Snapshot
PINE BLUFF, Ark. (AP) — PINE BLUFF, Ark. (AP) — Simmons First National Corp. (SFNC) on Thursday reported second-quarter earnings of $66.7 million. The bank, based in Pine Bluff, Arkansas, said it had earnings of 46 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. The bank holding company posted revenue of $355.6 million in the period. Its revenue net of interest expense was $251.6 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $252.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFNC at https://www.zacks.com/ap/SFNC
Investor releaseQuarter not tagged2026-07-16Simmons First National (SFNC) Reports Q2 Earnings: What Key Metrics Have to Say
Zacks
Simmons First National (SFNC) Reports Q2 Earnings: What Key Metrics Have to Say
Simmons First National (SFNC) reported $251.6 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 17.5%. EPS of $0.50 for the same period compares to $0.44 a year ago. The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $252.05 million. With the consensus EPS estimate being $0.53, the EPS surprise was -5.66%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Simmons First National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Annualized net charge offs to average loans: 0.2% compared to the 0.3% average estimate based on three analysts. Total interest earning assets (FTE) - Average Balance: $21.29 billion versus $21.4 billion estimated by three analysts on average. Efficiency Ratio: 58.7% compared to the 55.6% average estimate based on three analysts. Net Interest Margin: 3.8% compared to the 3.9% average estimate based on three analysts. Total nonperforming loans: $166.05 million compared to the $142.25 million average estimate based on two analysts. Total nonperforming assets: $177.19 million versus $155.67 million estimated by two analysts on average. Net Interest Income - FTE: $203.66 million versus the three-analyst average estimate of $205.54 million. Total Non-Interest Income: $47.94 million compared to the $46.52 million average estimate based on three analysts. Wealth management fees: $10.24 million versus the two-analyst average estimate of $10.66 million. Service charges on deposit accounts: $12.33 million versus $12.77 million estimated by two analysts on average. Debit and credit card fees: $9.01 million compared to the $8.56 million average estimate based on two analysts. Net Interest Income: $200.63 million versus $202.65 million estimated by two analysts on average. View all Key Company Metrics for Simmons First National here>>>…Read full documentShow less
Simmons First National (SFNC) reported $251.6 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 17.5%. EPS of $0.50 for the same period compares to $0.44 a year ago. The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $252.05 million. With the consensus EPS estimate being $0.53, the EPS surprise was -5.66%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Simmons First National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Annualized net charge offs to average loans: 0.2% compared to the 0.3% average estimate based on three analysts. Total interest earning assets (FTE) - Average Balance: $21.29 billion versus $21.4 billion estimated by three analysts on average. Efficiency Ratio: 58.7% compared to the 55.6% average estimate based on three analysts. Net Interest Margin: 3.8% compared to the 3.9% average estimate based on three analysts. Total nonperforming loans: $166.05 million compared to the $142.25 million average estimate based on two analysts. Total nonperforming assets: $177.19 million versus $155.67 million estimated by two analysts on average. Net Interest Income - FTE: $203.66 million versus the three-analyst average estimate of $205.54 million. Total Non-Interest Income: $47.94 million compared to the $46.52 million average estimate based on three analysts. Wealth management fees: $10.24 million versus the two-analyst average estimate of $10.66 million. Service charges on deposit accounts: $12.33 million versus $12.77 million estimated by two analysts on average. Debit and credit card fees: $9.01 million compared to the $8.56 million average estimate based on two analysts. Net Interest Income: $200.63 million versus $202.65 million estimated by two analysts on average. View all Key Company Metrics for Simmons First National here>>> Shares of Simmons First National have returned +7% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Simmons First National Corporation (SFNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-15Simmons First National Earnings: What To Look For From SFNC
StockStory
Simmons First National Earnings: What To Look For From SFNC
Regional banking company Simmons First National (NASDAQ:SFNC) will be reporting results this Thursday after market hours. Here’s what you need to know. Simmons First National beat analysts’ revenue expectations last quarter, reporting revenues of $244.4 million, up 13.1% year on year. It was a slower quarter for the company, with EPS in line with analysts’ estimates and a slight miss of analysts’ tangible book value per share estimates. Is Simmons First National a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Simmons First National’s revenue to grow 14% year on year, improving from the 8.3% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Simmons First National has a history of exceeding Wall Street’s expectations. Looking at Simmons First National’s peers in the banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FB Financial delivered year-on-year revenue growth of 27.5%, missing analysts’ expectations by 0.7%, and Citigroup reported revenues up 14.3%, topping estimates by 4.5%. FB Financial traded up 2.7% following the results. Read our full analysis of FB Financial’s results here and Citigroup’s results here. There has been positive sentiment among investors in the banks segment, with share prices up 4.2% on average over the last month. Simmons First National is up 4.2% during the same time and is heading into earnings with an average analyst price target of $24.14 (compared to the current share price of $22.92). ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
Investor releaseQuarter not tagged2026-07-09Simmons First National (SFNC) Reports Next Week: Wall Street Expects Earnings Growth
Zacks
Simmons First National (SFNC) Reports Next Week: Wall Street Expects Earnings Growth
The market expects Simmons First National (SFNC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 16. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +20.5%. Revenues are expected to be $250.4 million, up 16.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the mode…Read full documentShow less
The market expects Simmons First National (SFNC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 16. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +20.5%. Revenues are expected to be $250.4 million, up 16.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Simmons First National, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.47%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Simmons First National will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Simmons First National would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Simmons First National appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Community Trust Bancorp (CTBI), another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.52 for the quarter ended June 2026. This estimate points to a year-over-year change of +10.1%. Revenues for the quarter are expected to be $76.3 million, up 8.7% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Community Trust Bancorp has been revised 1.3% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.10%, reflecting a higher Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Community Trust Bancorp will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Simmons First National Corporation (SFNC) : Free Stock Analysis Report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research