Simmons First National Corporation reported a net income of $68.5 million for the first quarter of 2026, translating to diluted earnings per share of $0.47. This marks a decrease from the previous quarter's net income of $78.1 million and a significant increase from $32.4 million in the same quarter of 2025. The company attributed the fluctuations in earnings to various factors, including costs associated with branch right-sizing and an early retirement program. Adjusted earnings, which exclude certain items, were $68.6 million for the quarter, compared to $79.0 million in the prior quarter and $33.1 million a year earlier.
Total assets for Simmons First National Corporation increased to $24.7 billion as of March 31, 2026, up from $24.5 billion at the end of 2025. The company's loan portfolio also grew, reaching $17.93 billion, a rise from $17.49 billion at the end of the previous year. The increase in loans was primarily driven by growth in commercial real estate and commercial loans. The company reported a total of 221 financial centers across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas, reflecting its ongoing geographic expansion.
The company’s total deposits stood at $20.20 billion, a slight increase from $20.18 billion at the end of 2025. Noninterest-bearing transaction accounts and interest-bearing transaction accounts saw a combined increase of $130.3 million, while time deposits decreased by $111.6 million. The company continues to focus on developing core deposits, which comprised 83.5% of total deposits as of March 31, 2026.
Simmons First National Corporation's allowance for credit losses was $229.9 million, representing 1.28% of total loans. The company reported total nonperforming loans of $141.9 million, which accounted for 0.79% of total loans. This reflects a slight increase in nonperforming assets compared to the previous quarter. The company maintains a conservative credit culture and continues to monitor its loan portfolio closely, with a focus on maintaining disciplined pricing and underwriting standards.
Looking ahead, Simmons First National Corporation remains optimistic about its growth prospects, supported by a strong commercial loan pipeline totaling $1.56 billion as of March 31, 2026. The company is committed to managing its credit risk and maintaining asset quality while navigating the current economic environment.
About SIMMONS FIRST NATIONAL CORP
Simmons First National Corporation is a regional financial holding company providing banking, lending, and wealth management services through its subsidiary, Simmons Bank. Serving customers across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas, it offers retail, commercial, and mortgage banking, along with insurance and trust services. The company emphasizes community-based relationships, operational efficiency, strong asset quality, and strategic growth via acquisitions and organic expansion.
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