Simmons First National Q1 adjusted net income slightly misses estimates

Simmons First National

16/04/2026 21:47

Overview

U.S. regional bank's Q1 adjusted EPS met analyst expectations

Adjusted net income for Q1 was a slight miss versus consensus

Company cites broad-based loan growth and improved funding costs for Q1 results

Outlook

Company says it remains committed to disciplined growth and infrastructure efficiency

Simmons says the talent environment supports organic growth priorities

Company is increasingly optimistic about achieving returns above long-range targets

Result Drivers

LOAN GROWTH - Broad-based loan growth, especially in commercial real estate, commercial and industrial, mortgage warehouse and agricultural portfolios, drove Q1 results

NET INTEREST MARGIN - Net interest margin expanded 3 bps to 3.84%, benefiting from disciplined relationship pricing, fixed rate asset repricing and improving funding costs

DEPOSIT MIX SHIFT - Increase in lower-cost interest bearing transaction and savings accounts offset planned runoff of higher-rate time deposits, reducing overall deposit costs

Company press release: ID:nPn8gkwnBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Meet
$0.47
$0.47 (7 Analysts)
Q1 EPS
$0.47
Q1 Adjusted Net Income
Slight Miss*
$68.60 mln
$68.79 mln (6 Analysts)
Q1 Net Income
$68.50 mln
Q1 Net Interest Income
$197.20 mln
Q1 Net Interest Margin (%)
3.84%


*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 3 "strong buy" or "buy", 4 "hold" and no "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 Corp is $23.00, about 11.9% above its April 15 closing price of $20.55

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)