SFNC

EX-99.1

2 d123214dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

July 16, 2026

Simmons First National Corporation Reports Second Quarter Results

FINANCIAL HIGHLIGHTS

2Q26

1Q26

2Q25

2Q26 Highlights

INCOME STATEMENT SUMMARY (in millions)

Comparisons reflect 2Q26 vs 1Q26 unless otherwise noted

•

Net income of $66.7 million and diluted EPS of $0.46

•

Adjusted net income1 of $72.2 million and adjusted diluted EPS1 of $0.50

•

ROAA of 1.09% and ROE of 7.69%

•

Adjusted ROAA1 of 1.17%; adjusted ROTCE1 of 14.37%

•

Total revenue of $248.6 million and PPNR1 of $100.8 million

•

Net interest margin unchanged at 3.84%; cost of deposits down 3 bps to 1.93%

•

Efficiency ratio of 58.72%; adjusted efficiency ratio1 of 54.26%

•

Unfunded commitments up 8%

•

Noninterest bearing deposits up 6% annualized

•

Provision expense exceeded net charge-offs by $8.3 million

•

NCO ratio at 20 bps for 2Q26; ACL at 1.32%

•

Repurchased 0.7 million shares during the quarter

Total revenue

$ 248.6

$ 241.4

$ 214.2

Adjusted total revenue1

248.6

241.4

214.2

Pre-provision net revenue1 (PPNR)

100.8

100.7

75.6

Adjusted pre-provision net revenue1

108.2

100.7

77.3

Provision for credit losses

17.4

14.6

11.9

Net income

66.7

68.5

54.8

Adjusted net income1

72.2

68.6

56.1

PER SHARE DATA

Diluted earnings

$ 0.46

$ 0.47

$ 0.43

Adjusted diluted earnings1

0.50

0.47

0.44

Cash dividend declared

0.2150

0.2150

0.2125

BALANCE SHEET (in millions)

Total loans

$ 18,062

$ 17,933

$ 17,111

Total deposits

19,728

20,203

21,825

Total assets

24,777

24,693

26,694

Total shareholders’ equity

3,482

3,438

3,549

ASSET QUALITY

Net charge-off ratio (NCO

ratio)

0.20 %

0.21 %

0.25 %

Allowance for credit losses to loans (ACL)

1.32

1.28

1.48

CAPITAL RATIOS

Equity to assets (EA) ratio

14.05 %

13.92 %

13.30 %

Tangible common equity (TCE) ratio1

8.91

8.74

8.46

Common equity tier 1 (CET1) ratio

11.60

11.58

12.36

Total risk-based capital ratio

14.35

14.36

14.42

OTHER RATIOS

Return on average assets

1.09 %

1.13 %

0.82 %

Adjusted return on average assets1

1.17

1.13

0.84

Return on average common equity

7.69

8.01

6.20

Return on average tangible common equity1

13.32

13.90

10.73

Adj. return on avg. tangible common equity1

14.37

13.91

10.97

Net interest margin (FTE)2

3.84

3.84

3.06

Efficiency ratio

58.72

57.56

62.82

Adjusted efficiency ratio1

54.26

56.16

60.52

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 rightsiz

EX-99.1

2 d102541dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

April 16, 2026

Simmons First National Corporation Reports First Quarter EPS of $0.47

FINANCIAL HIGHLIGHTS

1Q26

4Q25

1Q25

1Q26 Highlights

INCOME STATEMENT SUMMARY (in millions)

Comparisons reflect 1Q26 vs 4Q25 unless otherwise noted

•

Net income of $68.5 million and diluted EPS of $0.47

•

Adjusted net income1 of $68.6 million and adjusted diluted EPS1 of $0.47

•

ROAA of 1.13% and ROE of 8.01%

•

Adjusted ROAA1 of 1.13%; adjusted ROTCE1 of 13.91%

•

Total revenue of $241.4 million and PPNR1 of $100.7 million

•

Net interest margin up 3 bps to 3.84%; cost of deposits down 8 bps to 1.96%

•

Efficiency ratio of 57.56%; adjusted efficiency ratio1 of 56.16%

•

Broad based growth drives total loans up 10% annualized

•

Unfunded commitments up 5%

•

Total average deposits up 6% annualized

•

Provision expense exceeded net charge-offs by $5.5 million

•

NCO ratio at 21 bps for 1Q26; ACL steady at 1.28%

Total revenue

$ 241.4

$ 249.0

$ 209.6

Adjusted total revenue1

241.4

249.0

209.6

Pre-provision net revenue1 (PPNR)

100.7

109.1

65.0

Adjusted pre-provision net revenue1

100.7

110.4

66.0

Provision for credit losses

14.6

15.1

26.8

Net income

68.5

78.1

32.4

Adjusted net income1

68.6

79.0

33.1

PER SHARE DATA

Diluted earnings

$ 0.47

$ 0.54

$ 0.26

Adjusted diluted earnings1

0.47

0.54

0.26

Cash dividend declared

0.2150

0.2125

0.2125

BALANCE SHEET (in millions)

Total loans

$ 17,933

$ 17,492

$ 17,094

Total deposits

20,203

20,184

21,685

Total assets

24,693

24,541

26,793

Total shareholders’ equity

3,438

3,419

3,531

ASSET QUALITY

Net charge-off ratio (NCO

ratio)

0.21 %

1.12 %

0.23 %

Allowance for credit losses to loans (ACL)

1.28

1.28

1.48

CAPITAL RATIOS

Equity to assets (EA) ratio

13.92 %

13.93 %

13.18 %

Tangible common equity (TCE) ratio1

8.74

8.71

8.34

Common equity tier 1 (CET1) ratio

11.58

11.63

12.21

Total risk-based capital ratio

14.36

14.45

14.59

OTHER RATIOS

Return on average assets

1.13 %

1.28 %

0.49 %

Adjusted return on average assets1

1.13

1.29

0.50

Return on average common equity

8.01

9.08

3.69

Return on average tangible common equity1

13.90

15.92

6.61

Adj. return on avg. tangible common equity1

13.91

16.10

6.75

Net interest margin (FTE)

3.84

3.81

2.95

Efficiency ratio

57.56

55.52

66.94

Adjusted efficiency ratio1

56.16

53.64

64.75

Jay Brogdon, Simmons’ President and CEO, commented on first quarter 2026 results:

Simmons delivered solid results in the first quarter driven by strong loan growth, expanding margin, and continued earnings momentum. Loans grew 10 percent linked quarter annualized, with growth broad-based across geography and industry. Net interest margin expanded linked quarter, increasing three basis points to 3.84 percent, benefiting from disciplined relationship pricing, fixed rate asset repricing and improving funding costs. Net charge-offs for the quarter were 21 basis points and provision expense exceeded net charge-offs by $5.5 million, primarily due to loan growth.

Looking forward, we remain committed to delivering disciplined growth and designing a more efficient and scalable infrastructure. The talent environment continues to be favorable and supports our organic growth priorities. We are increasingly optimistic about the prospects for consistently achieving returns that exceed our long-range targets.

Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $68.5 million for the first quarter of 2026, compared to net income of $78.1 million for the fourth quarter of 2025 and net income of $32.4 million for the first quarter of 2025. Diluted earnings per share were $0.47 for the first quarter of 2026, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025. Adjusted earnings1 for the first quarter of 2026 were $68.6 million, compared to $79.0 million for the fourth quarter of 2025 and $33.1 million for the first quarter of 2025. Adjusted diluted earnings per share1 for the first quarter of 2026 were $0.47, compared to $0.54 for the fourth quarter of 2025 and $0.26 for the first quarter of 2025.

For the first quarter of 2026, return on average assets was 1.13 percent and return on average common equity was 8.01 percent. Adjusted return on average assets1 was 1.13 percent and adjusted return on average tangible common equity1 was 13.91 percent.

The table below summarizes the impact of certain items, consisting primarily of FDIC deposit insurance special assessment, professional services, branch right sizing costs, early retirement program costs and a loss on the sale of equipment finance business. 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)

$ in millions,

8-K

SIMMONS FIRST NATIONAL CORP false 0000090498 0000090498 2026-01-20 2026-01-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 20, 2026

SIMMONS FIRST NATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

Arkansas

0-6253

71-0407808

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

501 Main Street, Pine Bluff, Arkansas

71601

(Address of principal executive offices)

(Zip Code) (870) 541-1000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

SFNC

The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On January 20, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information provided pursuant to this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 (“Securities Act”) or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosure.

On January 20, 2026, the Registrant issued an investor presentation, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference. The information provided pursuant to this Item 7.01, including Exhibit 99.2, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1

Press Release dated January 20, 2026

Exhibit 99.2

Investor Presentation issued on January 20, 2026

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL Document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SIMMONS FIRST NATIONAL CORPORATION

/s/ C. Daniel Hobbs

Date: January 20, 2026

C. Daniel Hobbs, Executive Vice President and Chief Financial Officer