secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0001193125-25-082951
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simmons First Q1 2025: EPS $0.26 vs $0.38 Q4; NIM rises to 2.95%; $4.3M fraud charge
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- Net income $32.4M ($0.26 diluted EPS) vs $48.3M ($0.38) in Q4 2024 and $38.9M ($0.31) in Q1 2024.
- Net interest margin 2.95%, up 8 bps linked quarter and 29 bps YoY; cost of deposits down 16 bps to 2.44%.
- Noninterest expense includes $4.3M charge for customer deposit fraud event; adjusted PPNR $66.0M.
- Provision for credit losses $26.8M includes $15.6M incremental specific reserves on two nonaccrual credit relationships totaling $49.8M.
- Capital strong: CET1 12.21%, total RBC 14.59%; ACL ratio 1.48%, up 10 bps QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000119312525082951/0001193125-25-082951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000119312525082951/d924857d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-082951

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