Simmons First National (SFNC) investor relations material

Executive summary

• Net income for Q2 2026 was $66.7M ($0.46 diluted EPS), with adjusted net income of $72.2M ($0.50 adjusted EPS), reflecting continued revenue growth, disciplined expense control, and strong loan production at $1.8B, the highest in nearly four years.

• Adjusted pre-provision net revenue (PPNR) grew 40% year-over-year to $108.2M, with double-digit PPNR growth on track for 2026.

• Efficiency initiatives, including position eliminations and real estate optimization, improved the adjusted efficiency ratio to 54.26%, down 190 bps sequentially and 626 bps year-over-year.

• Noninterest income increased, driven by swap fee income, SBIC investment valuation gains, and card fees.

• ROAA was 1.09% and ROE was 7.69%, with return on average tangible common equity (adjusted) at 14.37%.

Financial highlights

• Total revenue for Q2 2026 was $248.6M, up 3% sequentially and 16% year-over-year.

• Net interest income was $200.6M, up 1.7% sequentially and 17% year-over-year, with net interest margin (FTE) stable at 3.84%.

• Noninterest income for Q2 2026 was $47.9M, up 8.5% sequentially, driven by swap fees and SBIC gains.

• Adjusted noninterest expense was $140.3M, flat sequentially, with ongoing efficiency initiatives.

• Allowance for credit losses was $238.2M (1.32% of loans), with net charge-off ratio at 0.20%.

Outlook and guidance

• Management expects continued focus on efficiency initiatives to fund investments and enhance organic growth, with double-digit PPNR growth targeted for 2026.

• Net charge-offs are expected to remain below 25 basis points annualized, consistent with prior guidance.

• Interest rate sensitivity remains slightly asset sensitive, with hedging in place; NII projected to rise 1.51%-3.02% for 100-200 bps rate hikes.

• Quarterly dividends and ongoing stock repurchases are anticipated, subject to market and regulatory conditions.