Simmons First National Posts $0.47 EPS and 10% Annualized Loan Growth in Q1
Simmons First National logged 1Q26 net income of $68.5m and diluted EPS of $0.47 versus $78.1m and $0.54 in 4Q25, on net interest income of $197.2m. Total loans grew 10% annualized, deposits rose 6%, net interest margin widened three basis points to 3.84%, and efficiency ratio stood at 57.6%.
1. Q1 2026 Financial Results
Simmons First National recorded Q1 net income of $68.5 million and diluted EPS of $0.47, down from $78.1 million and $0.54 in the prior quarter, on total revenue of $241.4 million and pre-provision net revenue of $100.7 million. Net interest income totaled $197.2 million with net interest margin up three basis points to 3.84%.
2. Loan and Deposit Growth
Total loans rose to $17.93 billion, a 10% annualized increase driven by broad-based growth across geographies and industries, while average deposits climbed 6% annualized to $20.20 billion. Unfunded loan commitments also grew 5%, supporting future lending capacity.
3. Asset Quality and Capital Ratios
Asset quality remained stable with a net charge-off ratio of 0.21% and allowance for credit losses at 1.28% of loans; provision expense exceeded net charge-offs by $5.5 million. Capital ratios held strong with a common equity tier 1 ratio of 11.58% and total risk-based capital ratio of 14.36%.
4. Management Commentary and Outlook
Management highlighted disciplined loan growth and funding cost improvements as key drivers of performance and reiterated commitment to scalable infrastructure and long-term return targets, expressing optimism for sustained earnings momentum.