Simmons First National Q2 net income $58.3M, EPS $0.46; adjusted EPS $0.48

SIMMONS FIRST NATIONAL CORP

2023-Q2 EPS reported $0.82

Net income $58.3M ($0.46 diluted EPS); adjusted earnings $61.1M ($0.48 adjusted EPS).
Total loans $16.8B (+2% QoQ); deposits $22.5B flat; net charge-offs 0.04%.
Better Bank Initiative early retirement completed, $5.1M annual savings; on track for $15M total.
Noninterest expense $139.7M (-2% QoQ); adjusted pre-provision net revenue $72.6M.
Repurchased 1.1M shares; tangible book value per share $15.17 (+8% YoY).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIMMONS FIRST NATIONAL CORP reported second quarter of 2023 results: revenue $208.2, net income $58.3 million, EPS $0.46.

Period: second quarter of 2023
Revenue: $208.2
Net income: $58.3 million
EPS: $0.46
Result: reported results

Exact text from the filing

$ 4,817 $ 5,268 $6,516 Additional liquidity sources $11,096 $10,780 $7,808 Coverage ratio of uninsured deposits 2.3x 2.0x 1.2x Performance Measures (in millions) Total revenue $208.2 $223.7 $225.3 Pre-provision net revenue 1 68.9 80.4 68.6 Adjusted pre-provision net revenue 1 72.6 82.8 89.9 Provision for credit losses on loans 0.1 10.9 33.9 Provision for

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Source: SEC EDGAR

accession 0001171843-23-004624

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