Simmons First National Q1 net income $38.9M; adj EPS $0.32; NIM 2.66%

SIMMONS FIRST NATIONAL CORP

2024-Q1 EPS reported $0.31

Net income $38.9M ($0.31 diluted EPS); adjusted earnings $40.4M ($0.32 adj diluted EPS).
Total revenue $195.1M; net interest margin 2.66% relatively stable linked quarter.
Total loans $17.0B (+4% LQA); total deposits $22.4B (+2% LQA); commercial loan pipeline expanded.
Net charge-off ratio 0.19%; allowance for credit losses to loans 1.34%; NPAs increased.
Recorded $1.6M FDIC special assessment in Q1 (plus $10.5M in Q4); PPNR $55.2M, adj PPNR $57.2M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIMMONS FIRST NATIONAL CORP reported first quarter of 2024 results: net income $38.9 million, EPS $0.31.

Period: first quarter of 2024
Net income: $38.9 million
EPS: $0.31
Result: reported results

Exact text from the filing

Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $38.9 million for the first quarter of 2024, compared to $23.9 million for the fourth quarter of 2023 and $45.6 million for the first quarter of 2023. Diluted earnings per share were $0.31 for the first quarter of 2024

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Source: SEC EDGAR

accession 0001193125-24-108547

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