Simmons First National Corporation (SFNC), an Arkansas-based financial holding company with consolidated assets of $24.54 billion as of December 31, 2025, reported a net loss of $397.6 million, or $(2.95) per diluted share, for the year ended December 31, 2025. This compares to a net income of $152.7 million, or $1.21 per diluted share, for the year ended December 31, 2024. The company operates through its subsidiaries, providing banking and financial services across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas.
The significant shift in financial performance was primarily attributed to certain items totaling $630.7 million, net of tax, including a loss on the sale of securities, branch right-sizing initiatives, a loss on the sale of an equipment finance business, and early retirement program costs. Adjusting for these items, the company's adjusted earnings for 2025 were $233.1 million, or $1.73 per adjusted diluted share, compared to $177.9 million, or $1.41 per adjusted diluted share, in 2024. The company's balance sheet repositioning involved reclassifying $3.59 billion in held-to-maturity securities to available-for-sale and selling $3.16 billion in amortized cost basis of available-for-sale securities, resulting in a realized after-tax loss of $625.6 million.
Strategic actions taken during the year included raising $326.9 million in equity capital and issuing $325.0 million in 6.25% Fixed-to-Floating Rate Subordinated Notes, used to redeem $330.0 million of existing subordinated notes. Total deposits as of December 31, 2025, were $20.18 billion, compared to $21.89 billion the previous year, with uninsured deposits (excluding collateralized and intercompany deposits) representing 23% of the total. The loan-to-deposit ratio increased to 87% as of December 31, 2025, from 78% the prior year.
Key operational metrics indicated strong capital levels, with all regulatory capital ratios significantly above "well-capitalized" guidelines. The company's common equity to total assets ratio was 13.93%, and the Tier 1 leverage ratio was 10.06%. Credit quality remained solid, with a nonperforming loan coverage ratio of 199% and an allowance for credit losses representing 1.28% of total loans. Total nonperforming loans were $112.7 million, compared to $110.8 million at the end of 2024. The company's commercial loan pipeline totaled $1.54 billion as of December 31, 2025, compared to $1.26 billion at the end of 2024.
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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