Simmons First National Corporation
- Open
- 22.55
- Day high
- 22.74
- Day low
- 22.39
- Prev close
- 22.61
- Volume
- 584K
- Mkt cap
- $3.3B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.9
- P/S
- 5.8
- Yield
- 1.90%
- Per share
- $0.43
Simmons First National Corporation (SFNC) is a Financial Services company listed on NASDAQ. The stock is up 12% over the past year.
Simmons First National Corporation (SFNC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SFNC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 17, 2026 | $0.53 | $0.50 | -5.7% | $249M | -1.0% |
| Apr 17, 2026 | $0.47 | $0.47 | +0.0% | $241M | -0.7% |
| Feb 25, 2026 | — | $0.54 | — | $359M | — |
| Oct 16, 2025 | $0.47 | $0.46 | -2.1% | $-446M | -291.0% |
| Jul 17, 2025 | $0.40 | $0.44 | +10.0% | $357377 | -99.8% |
| Apr 16, 2025 | $0.36 | $0.26 | -27.8% | $207M | -4.9% |
| Jan 22, 2025 | $0.35 | $0.38 | +8.8% | $205M | -1.6% |
| Oct 18, 2024 | $0.33 | $0.37 | +11.0% | $172M | -16.2% |
| Jul 24, 2024 | $0.31 | $0.33 | +6.5% | $194M | -3.9% |
| Jan 24, 2024 | $0.35 | $0.40 | +14.3% | $176M | -14.1% |
| Jul 25, 2023 | $0.40 | $0.46 | +15.0% | $205M | -6.7% |
| Jan 24, 2023 | $0.62 | $0.64 | +3.2% | $234M | -5.0% |
SFNC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | HUNT EUGENEdirector | Option | 975 | — |
| Jul 2, 2026 | COSSE STEVEN Adirector | Option | 975 | — |
| Jul 2, 2026 | Casteel Martydirector | Option | 975 | — |
| Jul 2, 2026 | DORAMUS MARK Cdirector | Option | 975 | — |
| Jul 2, 2026 | Casteel Martydirector | Option | 1,215 | — |
| Jul 2, 2026 | West Malynda Kdirector | Option | 975 | — |
| Jul 2, 2026 | LANIGAN SUSAN Sdirector | Option | 975 | — |
| Jul 2, 2026 | HUNTER JERRYdirector | Option | 975 | — |
| Jul 2, 2026 | STACKHOUSE JULIE Ldirector | Option | 975 | — |
| Jul 2, 2026 | TEUBNER RUSSELL WILLIAMdirector | Option | 975 | — |
| Jul 2, 2026 | DORAMUS MARK Cdirector | Option | 1,033 | — |
| Jul 2, 2026 | CLARK WILLIAM E IIdirector | Option | 975 | — |
| Jul 2, 2026 | DRILLING EDWARDdirector | Option | 975 | — |
| Jul 2, 2026 | Shoptaw Robert Ldirector | Option | 975 | — |
| Jul 2, 2026 | LANIGAN SUSAN Sdirector | Option | 547 | — |
Source: SFNC SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full SFNC insider & 13F page →Simmons First National Corporation company profile
Overview
Simmons First National Corporation (NASDAQ:SFNC) is a regional bank holding company founded in 1903 and headquartered in Pine Bluff, Arkansas. The company operates through its primary subsidiary, Simmons Bank, which provides comprehensive banking and financial services across six states in the South and Midwest. With over 120 years of history, Simmons has grown from a small Arkansas community bank into a regional financial institution with approximately $27 billion in assets and nearly 200 financial centers serving customers in Arkansas, Missouri, Tennessee, Texas, Oklahoma, and Kansas.
Business
Simmons First National Corporation operates as a traditional regional bank holding company in the financial services sector. The company's core business revolves around commercial and retail banking services provided through its subsidiary, Simmons Bank. The bank's primary offerings include deposit products such as checking accounts, savings accounts, and certificates of deposit (time deposits) that serve as the foundation for gathering customer funds. On the lending side, Simmons provides commercial loans to businesses for working capital and expansion, real estate loans for both commercial and residential properties, consumer loans for personal needs, and specialized agricultural financing reflecting its geographic footprint in rural and agricultural communities. Beyond traditional banking, Simmons offers trust and fiduciary services for wealth management, investment management products, insurance products, and securities and investment services. The bank also provides modern conveniences like ATM networks, internet and mobile banking platforms, overdraft protection, and safe deposit boxes. The company operates primarily as a single business segment focused on community and regional banking, with revenue streams distributed across net interest income (approximately 75-80% of total revenue) from lending activities and non-interest income (approximately 20-25%) from fees, services, and other banking products. Simmons has historically grown through both organic expansion and strategic acquisitions, including the notable acquisition of Spirit of Texas Bank.
Revenue model
Simmons First National Corporation generates revenue through the traditional banking model of net interest income and fee-based services. The primary revenue driver is the net interest margin - the difference between interest earned on loans and investments versus interest paid on deposits and borrowed funds. Currently operating at approximately 2.95% net interest margin, the bank earns money by lending customer deposits at higher rates than it pays depositors. The bank's paying customers include individual consumers who maintain checking and savings accounts, obtain mortgages and personal loans, and use banking services, as well as commercial clients ranging from small businesses to larger corporations that require lending, cash management, and treasury services. Agricultural customers represent another important segment given the bank's geographic footprint in farming communities. Revenue composition shows net interest income accounting for roughly 75-80% of total revenue (approximately $580-620 million annually), while non-interest income from fees, service charges, trust services, and other banking products contributes 20-25% (approximately $150-190 million annually). Several factors significantly impact the bank's profitability margins. Interest rate environment is the most critical factor - rising rates generally benefit net interest margins as loan yields increase faster than deposit costs, while falling rates compress margins. Credit quality directly affects profitability through loan loss provisions, with economic downturns potentially requiring higher reserves. Deposit competition influences funding costs, as banks compete for customer deposits by offering higher rates. Loan demand from businesses and consumers affects asset growth and utilization of the bank's capital. Finally, regulatory requirements and compliance costs can impact operational efficiency and capital deployment flexibility.
Competitive moat
Simmons First National Corporation operates in the highly competitive regional banking sector with a modest but meaningful competitive moat built primarily around local market relationships and geographic positioning. The bank's strongest defensive characteristics include its established customer relationships built over decades in smaller communities where personal banking relationships carry significant weight, and its local market knowledge in agricultural and small business lending within its six-state footprint. The company benefits from switching costs that make it inconvenient for customers to change banks, particularly business customers with complex cash management needs, and regulatory barriers that limit new bank formations and provide some protection from new entrants. Simmons also has scale advantages within its regional markets, allowing it to offer a full suite of banking products while maintaining local decision-making authority. However, the bank's moat faces significant challenges and is not particularly strong compared to larger financial institutions. Fintech disruption threatens traditional banking relationships, especially among younger customers who prioritize digital convenience over personal relationships. Large national banks with superior technology platforms, broader product offerings, and aggressive pricing can compete effectively in Simmons' markets. Credit unions and community development financial institutions often offer more attractive rates and terms to local customers. The banking industry's commodity-like nature means that interest rates and product features are easily replicated, limiting pricing power. Additionally, regulatory changes can quickly alter competitive dynamics, and economic cycles can severely impact regional banks more than diversified national institutions. While Simmons has built solid local franchises, its moat is relatively narrow and requires constant reinforcement through superior customer service, community involvement, and operational efficiency.
Risks & safety
Simmons First National Corporation presents a moderate margin of safety typical of a well-capitalized regional bank, though with some areas requiring attention. **Cash and Liquidity Position:** - Cash and short-term investments of $634 million (Q1 2025) provide reasonable liquidity buffer - Strong operating cash flow generation of approximately $425 million annually - No significant near-term debt maturities creating liquidity pressure **Credit and Asset Quality:** - Allowance for Credit Losses ratio of 1.48% indicates conservative provisioning - Two specific problem credits currently being managed with 60% reserves - Past due loans at low 21 basis points, indicating generally healthy portfolio quality **Capital Adequacy:** - Debt-to-equity ratio of 0.37 shows conservative leverage for a bank - Book value per share providing some downside protection - Regulatory capital ratios appear adequate for current operations **Valuation Metrics:** - Trading at 0.73x book value, suggesting market discount to tangible assets - Price-to-earnings ratio of approximately 20x appears reasonable for current profitability - Graham number of $12.75 suggests potential undervaluation at current levels **Risk Considerations:** - Net interest margin pressure in changing rate environment - Concentration risk in regional geographic markets - Recent increase in provision expenses signaling credit normalization
Recent development
Over the past few years, Simmons First National Corporation has undergone a significant strategic transformation from an acquisition-focused growth strategy to an emphasis on organic expansion and operational efficiency. The company completed its major acquisition phase with the Spirit of Texas Bank acquisition and has since shifted focus to optimizing its expanded footprint. The bank launched the "Better Bank Initiative" as a comprehensive operational improvement program aimed at reducing expenses while investing in growth capabilities. This initiative resulted in a reduction of 275 employees (8.5% of workforce) and achieved $15 million in annual cost savings through early retirement programs, vendor contract renegotiations, and operational streamlining. Simultaneously, the company has been investing in talent acquisition across key business lines, including hiring 24 investment adviser positions, expanding mortgage origination capabilities, and strengthening commercial banking teams. Balance sheet optimization has been a major focus, with management actively managing the securities portfolio through strategic bond sales when favorable market conditions arise. The bank has been working to remix its deposit base, reducing reliance on higher-cost brokered deposits while growing core checking accounts and customer relationships. This effort has shown success with 1.5% year-over-year growth in consumer checking accounts. The company has also emphasized disciplined lending practices, maintaining conservative underwriting standards while building a robust commercial loan pipeline that increased 43% in the most recent quarter. Management has prioritized relationship-based banking over pure loan growth, focusing on full-relationship profitability rather than volume-based metrics. Recent executive transitions, with five key executives retiring at the end of 2024, represent a significant leadership transition as the bank positions itself for its next growth phase.
SFNC company profile · for informational purposes only — not investment advice.
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