Simmons First National (SFNC) investor relations material

Executive summary

• Net income for Q1 2026 was $68.5M ($0.47 diluted EPS), up from $32.4M ($0.26 EPS) in Q1 2025, but down from $78.1M ($0.54 EPS) in Q4 2025; adjusted net income was $68.6M ($0.47 EPS).

• Achieved 10% annualized loan growth, reflecting strong demand and successful internal initiatives.

• Wealth management team additions contributed over $350 million in new or committed assets under management in Q1.

• Recent leadership hires in consumer and commercial banking are driving deeper customer relationships and improved sales performance.

• Adjusted pre-provision net revenue (PPNR) grew 53% year-over-year, with double-digit PPNR growth expected in 2026.

Financial highlights

• Net interest margin (NIM) expanded to 3.84%, up from 2.95% in Q1 2025, driven by lower funding costs and favorable loan repricing.

• Net interest income (FTE) for Q1 2026 was $200.2M, up 17.9% year-over-year.

• Adjusted total revenue was $241.4M, up 15% year-over-year.

• Deposit costs decreased by 48 basis points year-over-year, with cumulative interest-bearing deposit beta down 63 basis points.

• Noninterest income was $44.2M, down year-over-year, mainly due to negative SBIC valuation adjustments and lower BOLI proceeds.

Outlook and guidance

• Management expects double-digit PPNR growth for full-year 2026 and raised NII and operating leverage guidance to the high end.

• NIM projected to be in the mid-380s by year-end, with potential upside due to fewer expected rate cuts.

• Net charge-off guidance remains at 25 basis points for the year, with no broad-based credit deterioration observed.

• Focus remains on disciplined pricing, conservative underwriting, and prudent loan growth.

• Management anticipates maintaining strong capital and liquidity positions.