Simmons First National (SFNC) investor relations material

Executive summary

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

• Net income for Q1 2026 was $68.5 million, with diluted EPS of $0.47, both up significantly year-over-year.

• Talent environment remains favorable, with new leadership hires in commercial and consumer segments driving deeper customer relationships and improved performance.

• Net interest margin (NIM) expanded to 3.84%, driven by lower funding costs and favorable loan repricing.

• Deposit growth of 6% annualized linked quarter, with a focus on low-cost core deposits.

Financial highlights

• Adjusted net income increased 107% year-over-year to $68.6M; adjusted diluted EPS rose 81% to $0.47.

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

• Net interest income was $197.2 million, stable sequentially and up from $163.4 million year-over-year.

• Adjusted efficiency ratio improved 859 bps year-over-year to 56.16%.

• Noninterest income declined 15% linked quarter, mainly due to lower BOLI death benefits and negative SBIC valuation adjustments.

Outlook and guidance

• Management expects to deliver double-digit PPNR growth for full-year 2026.

• Net interest income (NII) guidance for 2026 is 9%-11% growth, with expectations to reach the high end of the range due to favorable rate environment and asset sensitivity.

• NIM expected to be in the mid-380s by year-end, with further expansion possible.

• Operating leverage expected to exceed 5% for the full year, with strong confidence in achieving the upper end of guidance.

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