secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001171843-23-004624
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000117184323004624/0001171843-23-004624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000117184323004624/f8k_072523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004624

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