SIMMONS FIRST NATIONAL CORP has recently released its 10-Q report. Simmons First National Corporation is the bank holding company for Simmons Bank, offering deposits, checking and savings accounts, a range of consumer, real estate, commercial, agricultural, equipment, warehouse lending and SBA loans, plus credit cards, trust and fiduciary services, investments, insurance, treasury management, ATM, online and mobile banking, overdraft facilities, safe deposit boxes and brokerage services. It operates in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas and is headquartered in Pine Bluff, Arkansas.
For the three months ended March 31, 2026, net income was $68.5 million, or $0.47 diluted earnings per share, down from $78.1 million, or $0.54 per share, in the prior quarter, but up from $32.4 million, or $0.26 per share, a year earlier. Adjusted earnings were $68.6 million, or $0.47 adjusted diluted EPS, versus $79.0 million, or $0.54, in the December quarter and $33.1 million, or $0.26, in the first quarter of 2025.
Total nonperforming loans were $141.9 million at March 31, 2026, compared with $112.7 million at December 31, 2025 and $152.4 million at March 31, 2025. Nonperforming assets were 0.63% of total assets, up from 0.51% in the prior quarter and slightly above 0.61% a year earlier.
Stockholders’ equity stood at $3.44 billion. Book value per share was $23.70 and tangible book value per share was $14.03. Total assets were about $24.7 billion.
Loans totaled $17.93 billion at quarter-end, up from $17.49 billion at December 31, 2025. Unfunded commitments were $4.07 billion, compared with $3.87 billion at the end of 2025, and the commercial loan pipeline was $1.56 billion versus $1.54 billion in the prior quarter.
Net interest income on a fully taxable equivalent basis was $200.2 million, unchanged from the December quarter. Interest income and interest expense each fell $5.6 million sequentially; loan interest income declined $3.5 million, while investment securities income fell $2.0 million. Loan yield was 6.16% in the first quarter, down 7 basis points from 6.23% in the prior quarter.
Compared with the first quarter of 2025, fully taxable equivalent net interest income rose $30.3 million, or 17.9%. That increase came despite a $9.4 million decline in interest income, because interest expense dropped $39.8 million. Management attributed part of the improvement to 2025 balance sheet repositioning, including the transfer of about $3.6 billion of held-to-maturity securities to available-for-sale and the sale of about $3.2 billion of low-yielding securities.
The company also said its interest rate sensitivity remains tilted toward shorter repricing periods: as of March 31, 2026, about 63% of loans and 96% of time deposits were expected to reprice within the next year. As a result of these announcements, the company's shares have moved 0.54% on the market, and are now trading at a price of $21.535. For more information, read the company's full 10-Q submission here.
