Simmons First National Q3 adjusted EPS beats estimates on lower expenses, margin expansion

Simmons First National

15/10/2026 21:43

Overview
U.S. regional bank's Q3 revenue was a slight miss versus analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company margin expansion and improved adjusted returns driven by strategic initiatives

Outlook
Company plans to outline future financial targets at Investor Day in December
Simmons expects efficiency gains to fund investments supporting organic growth
Company says it will continue strengthening reserves to support capital levels

Result Drivers
STRATEGIC INITIATIVES - Co said reductions in noninterest expenses and low-value loans and deposits, along with disciplined loan and deposit pricing, drove margin expansion and improved adjusted returns
BALANCE SHEET DELEVERAGING - Co attributed loan declines to paydowns, early payoffs and focus on running off lower yielding, low relationship credits
DEPOSIT MIX CHANGES - Co said decrease in interest bearing deposits was due to deleveraging of higher rate deposits, seasonal declines in public fund deposits and reduced use of brokered deposits

Company press release: ID:nPn3TFN4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$251.20 mln
$253.47 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$0.54
$0.53 (7 Analysts)
Q3 EPS
 
$0.32
 
Q3 Adjusted Net Income
Beat
$79 mln
$69.91 mln (5 Analysts)
Q3 Net Income
 
$47.10 mln
 
Q3 Net Interest Income
 
$204 mln
 
Q3 CET1 Capital Ratio
 
12.05%
 
Q3 Net Interest Margin (%)
 
3.92%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Simmons First National Corporation is $26.00, about 17.9% above its October 14 closing price of $22.05
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)