secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001193125-24-183345
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simmons First National Q2 net income $40.8M, EPS $0.32; NIM up 3 bps to 2.69%
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- Net income $40.8M ($0.32 diluted EPS) vs $38.9M ($0.31) in Q1 2024; revenue $197.2M up QoQ.
- Net interest margin rose 3 bps to 2.69%; loan yield up 15 bps, deposit cost up only 4 bps.
- Credit quality steady: NCO ratio 0.19%, NPL ratio fell to 0.60% from 0.63% in Q1.
- Tangible common equity ratio improved 9 bps to 7.84%; CET1 ratio 12.00%.
- Recorded $0.3M FDIC special assessment in Q2; total FDIC assessments now $12.4M since Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000119312524183345/0001193125-24-183345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000119312524183345/d700338d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-183345

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