---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002500"
form_type: "8-K"
ticker: "SFNC"
cik: "0000090498"
company_name: "SIMMONS FIRST NATIONAL CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T18:02:20.611115+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Simmons First National Q1 net income $45.6M, EPS $0.36; NII down on deposit cost pressure

## Summary
- Net income $45.6M ($0.36 diluted EPS) vs Q4 $83.3M ($0.65) and Q1 2022 $65.1M ($0.58).
- Total revenue $223.7M, down 6% linked quarter; net interest income $177.8M, down 8% on higher deposit costs.
- Uninsured deposits 23% of total deposits; additional liquidity 2.0x coverage, loan-to-deposit ratio 74%.
- Credit quality stable: NPL coverage 324%, allowance to loans 1.25%, net charge-off ratio 0.03%.
- Better Bank Initiative targets ~$15M annual cost savings, fully in run-rate by end of 2023.

## SEC filing metadata
- accession: 0001171843-23-002500
- form_type: 8-K
- ticker: SFNC
- cik: 0000090498
- company_name: SIMMONS FIRST NATIONAL CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90498/000117184323002500/0001171843-23-002500-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90498/000117184323002500/f8k_042523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002500
- JSON: https://secwatch.observer/filing/0001171843-23-002500.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002500.txt

## Key facts
- Earnings Releases
  SIMMONS FIRST NATIONAL CORP reported first quarter of 2023 results: net income $45.6 million, EPS $0.36.
  - Period: first quarter of 2023
  - Net income: $45.6 million
  - EPS: $0.36
  - Result: reported results
  source text: Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $45.6 million for the first quarter of 2023, compared to $83.3 million in the fourth quarter of 2022 and $65.1 million in the first quarter of 2022. Diluted earnings per share were $0.36 for the first quarter of 2023, compared to $0.65 in the fourth quarter of 2022 and $0.58 in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/90498/000117184323002500/0001171843-23-002500-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.