Simmons First National (SFNC) investor relations material

Executive summary

• Q3 net income was $47.1M and diluted EPS was $0.32; adjusted net income was $79.0M and adjusted diluted EPS was $0.54, reflecting $43.1M in non-core charges.

• NIM expanded 8 bps QoQ to 3.92%; disciplined pricing and balance-sheet optimization supported margin gains as management prioritized profitable relationships over loan volume.

• Adjusted PPNR rose 21% YoY to $112.3M; credit metrics remained stable overall, though nonperforming assets rose to 0.78% of assets from 0.51% at year-end 2025.

Financial highlights

• Revenue was $251.2M, up 8% YoY; net interest income was $204.0M, up $17.3M YoY.

• Adjusted noninterest expense was $138.9M, down 1% QoQ and YoY; adjusted efficiency ratio improved 95 bps QoQ to 53.31%.

• Deposit costs declined 8 bps QoQ; NIM increased 42 bps YoY to 3.92%.

• Period-end loans were $17.5B, deposits $18.6B, and total assets $24.1B; loans and deposits declined QoQ amid deleveraging.

Outlook and guidance

• FY2026 NII growth outlook remained at the high end of 9%-11%, though achieving it in Q4 may be harder if loan risk spreads do not recover.

• FY2026 expense growth guidance was 2%-3% YoY; Q4 expenses could be flat or slightly down, with further efficiencies expected from initiatives.

• $43.1M of non-core charges are expected to support annual PPNR benefits of $37M-$42M; some savings may be reinvested in strategic growth.

• Management expects continued NIM upside from core funding growth and back-book repricing; confidence in near-term loan growth is lower, especially in Q4 and Q1.

• Further strategic objectives and 2027 investment guidance are planned for the December 10 Investor Day.