Simmons First National (SFNC) Q4 2025 earnings summary

Executive summary

• Achieved strong pre-provision net revenue and EPS growth, with Q4 2025 net income of $79.0M and adjusted diluted EPS of $0.54, up 22% and 17% sequentially, and reversing a prior quarter net loss.

• Net interest margin rose 94 basis points year-over-year to 3.81%, driven by balance sheet repositioning and disciplined pricing.

• Total loans and deposits both grew 7% annualized in Q4, with customer deposits up 8% annualized.

• Adjusted efficiency ratio improved to 53.6% as adjusted revenue grew and expenses declined sequentially.

• Strategic focus remains on profitable growth, efficiency, and ongoing investment in talent and technology.

Financial highlights

• Net interest income for Q4 2025 was $197.3M, up 6% sequentially and 20% year-over-year.

• Adjusted total revenue reached $249.0M, up 7% sequentially and 19% year-over-year.

• Adjusted PPNR was $110.4M, up 19% sequentially and 60% year-over-year.

• Expenses in 2025 were below Q4 2022 run rate, despite inflation and merit increases.

• Return on tangible common equity (ROTCE) approached 16% in Q4; return on assets (ROA) was 1.29%.

Outlook and guidance

• 2026 guidance calls for low-to-mid single-digit loan growth, with optimism for stronger performance if deposit growth accelerates.

• Net interest margin expected to remain stable in the mid-380s, with potential upside from organic low-cost deposit growth.

• Net interest income projected to grow 9%-11% in 2026; expense growth guided at 2%-3% year-over-year.

• Net charge-offs expected at ~25 bps, with a stable credit outlook and effective tax rate of ~20%.

• Focus remains on risk-adjusted returns, deposit growth, and efficiency improvements.