Simmons First National Q2 adjusted EPS misses estimates as credit-loss provisions rise

Simmons First National

16/07/2026 21:58

Overview
U.S. regional bank's Q2 adjusted EPS and adjusted net income missed analyst expectations
Company repurchased 0.7 mln shares during the quarter
Q2 revenue rose yr/yr, driven by higher net interest income and expense control

Outlook
Company expects to sharpen focus on efficiency initiatives for the remainder of the yr
Simmons believes efficiency actions will fund investments to enhance organic growth outlook

Result Drivers
NET INTEREST INCOME - Higher loan interest income and lower interest expense yr/yr drove net interest income growth
EXPENSE CONTROL - Adjusted noninterest expense was flat sequentially as efficiency initiatives offset higher specific costs
NONINTEREST INCOME - Higher swap fee income and a positive SBIC investment valuation boosted noninterest income

Company press release: ID:nPn95h6Dya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Miss
$0.50
$0.52 (7 Analysts)
Q2 EPS
 
$0.46
 
Q2 Adjusted Net Income
Miss
$72.20 mln
$75.44 mln (5 Analysts)
Q2 Net Income
 
$66.70 mln
 
Q2 Net Interest Income
 
$200.60 mln
 
Q2 Net Interest Margin (%)
 
3.84%
 

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 $24.00, about 3.3% above its July 15 closing price of $23.23
The stock recently traded at 11 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.)