secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001171843-22-004929
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simmons Q2 EPS $0.21; adjusted $0.52; revenue up 20%; NIM expands to 3.24%
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- Diluted EPS $0.21 vs $0.58 Q1; adjusted EPS $0.52 vs $0.59 Q1. Revenue $225.4M (+20% linked quarter).
- Net interest margin expanded 48 bps to 3.24%; net interest income $185.1M (+27% linked quarter).
- Provision for credit losses $33.9M, reflecting Day 2 CECL provision on acquired loans; total loans up 26% linked quarter to $15.1B.
- Completed acquisition of Spirit of Texas Bancshares on April 8, contributing $2.3B loans and $2.7B deposits; merger costs $19.1M.
- Credit quality stable: NPL ratio 0.42% (down 11 bps), net charge-off ratio 0.02%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000117184322004929/0001171843-22-004929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000117184322004929/f8k_072122.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-004929

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer