Simmons Reports Q1 Revenue of $241.4M
Reports Q1 revenue $241.4M, consensus $243.1M. Jay Brogdon, Simmons' President and CEO, commented on first quarter 2026 results: "Simmons delivered solid results in the first quarter driven by strong loan growth, expanding margin, and continued earnings momentum. Loans grew 10 percent linked quarter annualized, with growth broad-based across geography and industry. Net interest margin expanded linked quarter, increasing three basis points to 3.84 percent, benefiting from disciplined relationship pricing, fixed rate asset repricing and improving funding costs. Net charge-offs for the quarter were 21 basis points and provision expense exceeded net charge-offs by $5.5 million, primarily due to loan growth. Looking forward, we remain committed to delivering disciplined growth and designing a more efficient and scalable infrastructure. The talent environment continues to be favorable and supports our organic growth priorities. We are increasingly optimistic about the prospects for consistently achieving returns that exceed our long-range targets."
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- Earnings Release Schedule: Simmons First National Corporation is set to announce its Q2 2026 earnings after market close on July 16, 2026, with management hosting a conference call on July 17 at 7:30 a.m. CT to discuss financial performance and address investor inquiries.
- Conference Call Participation: Interested parties can join the call by dialing toll-free 1-844-481-2779 in North America, using conference ID 10210202; additionally, the call will be available live and recorded on the company's website, with recordings accessible for at least 60 days post-call.
- Dividend History: The company has maintained a remarkable record of paying cash dividends to shareholders for 117 consecutive years, reflecting its strong financial health and commitment to shareholder returns, which bolsters investor confidence.
- Industry Recognition: Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks for 2026 and by Forbes as one of America's Best-In-State Companies for 2026, further solidifying its reputation in the financial services sector.
- Earnings Release Schedule: Simmons First National Corporation is set to announce its Q2 2026 earnings after market close on July 16, 2026, with management hosting a conference call on July 17 at 7:30 a.m. Central Time, which is expected to draw significant investor interest.
- Conference Call Access: Interested parties can join the call by dialing toll-free 1-844-481-2779 in North America and entering conference ID 10210202; additionally, the call will be available live and recorded on the company's website, ensuring broad dissemination of information.
- Company History and Achievements: Founded in 1903, Simmons First National Corporation has paid cash dividends for 117 consecutive years, demonstrating its stable financial performance and commitment to shareholders, thereby solidifying its position in the financial sector.
- Industry Recognition: Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks for 2026 and by Forbes as one of America's Best-In-State Companies for 2026, reflecting its excellence in customer service and employee satisfaction.
- Executive Appointment: Simmons Bank has appointed Jim Recer as executive vice president, commercial regional executive, tasked with leading the commercial and industrial banking strategy across Texas, Nashville, Kansas City, and St. Louis, aiming to expand the middle-market commercial business and strengthen its presence in key growth markets.
- Extensive Experience: Recer brings over 30 years of banking and financial services experience, having held executive roles at several prominent banks, particularly in Texas, which equips him with exceptional skills in risk management and team development.
- Strategic Growth Alignment: His appointment aligns with Simmons Bank's strategic growth initiative to enhance middle-market capabilities and improve client solutions, which is expected to accelerate sustainable organic growth.
- Industry Recognition: Simmons Bank has paid cash dividends to shareholders for 117 consecutive years and has been recognized by Newsweek and Forbes as one of America's Best Regional Banks in 2026, reflecting its strong position in the industry and client-centric service approach.
- Executive Appointment: Simmons Bank has appointed Jim Recer as executive vice president to lead the commercial and industrial banking strategy across Texas, Nashville, Kansas City, and St. Louis, aiming to expand its middle-market commercial business and strengthen its presence in key growth markets.
- Extensive Experience: Recer brings over 30 years of banking and financial services experience, having held executive roles in several prominent banks, particularly in Texas, which positions him well to effectively drive the bank's strategic growth initiatives.
- Strategic Growth: According to Jonathan Schneider, president of Simmons Bank, Recer's leadership will accelerate sustainable organic growth, enhance client solutions, and further strengthen team building and customer service capabilities.
- Industry Recognition: Simmons Bank has paid cash dividends to shareholders for 117 consecutive years and has been recognized by Newsweek and Forbes as one of America's Best Regional Banks in 2026, reflecting its robust performance and market recognition in the financial services sector.
- Share Reduction Details: Rhino Investment Partners disclosed in an SEC filing that it sold 642,196 shares of Simmons First National Corporation in Q1 2026, with an estimated transaction value of $12.82 million, indicating a potential decrease in confidence in the regional bank.
- Ownership Percentage Shift: Following the sale, Rhino's stake in Simmons dropped from 7.3% to 4%, reflecting a strategic adjustment in its investment portfolio that may influence future investment decisions.
- Financial Performance Improvement: Despite the reduction, Simmons reported a 10% annualized loan growth rate in Q1, with net interest margin increasing from 3.81% to 3.84%, indicating ongoing enhancements in profitability metrics that are crucial for banks.
- Management's Optimistic Outlook: CEO Jay Brogdon noted that strong loan growth and expanding margins have bolstered management's confidence in achieving returns above long-term targets, even as the company faces challenges in market performance relative to broader indices.
- Share Reduction Transaction: Rhino Investment Partners sold 642,196 shares of Simmons First National Corporation in Q1, with an estimated transaction value of $12.82 million, indicating a potential decrease in confidence in the company.
- Position Value Decline: The sale resulted in a $11.67 million decrease in Rhino's position value in Simmons, reflecting the dual impact of market price changes and the sale, which may influence future investment decisions.
- Loan Growth Momentum: Despite the reduction, Simmons reported a 10% annualized loan growth rate in Q1, with net interest margin expanding from 3.81% to 3.84%, indicating positive progress in improving financial metrics.
- Management's Optimistic Outlook: The CEO of Simmons noted that strong loan growth and expanding margins drove net income to $68.5 million, more than double the $32.4 million reported a year earlier, enhancing management's confidence in achieving long-term return targets.









