SIMMONS FIRST NATIONAL (SFNC) Company Report

Simmons First National Corporation (SFNC) completed a transformational third quarter of 2025, addressing structural balance sheet challenges and shifting its focus to organic growth and operational efficiency.
The company reported a September net interest margin (NIM) of 3.76% and expects Q4 2025 NIM to be at or above 3.65%. A hedging program has been implemented to maintain NIM within the 3.50% to 3.75% range long-term.
SFNC anticipates a significant tailwind from the repricing of almost $3 billion in fixed-rate loans, currently yielding 3.9%, over the next 24 months, starting in Q3 2025.
The company reduced $1.4 billion of brokered deposits in Q3 2025 and aims to reduce brokered deposits to zero over the long term by growing core deposits.
George Makris, Chairman and CEO, made his final earnings call, with Jay Brogdon taking the helm.

Oct 17, 2025, 12:30 PM

SFNC Reports Q3 2025 Financial Results

SFNC

Earnings

Debt Issuance

SFNC reported net income of $21,147 thousand for Q3 2025, with an Adjusted Efficiency Ratio of 57.72%.
The company maintained strong capital with a CET 1 Capital Ratio of 11.5% and a Tangible Common Equity Ratio of 8.5% as of September 30, 2025. Total assets were $24.2 billion, total deposits $19.8 billion, and total loans $17.2 billion.
SFNC's cost of deposits decreased by 11 basis points on a linked quarter basis, reflecting a balance sheet repositioning that resulted in noninterest bearing deposits representing 22.1% and lower cost interest bearing transaction accounts 42.8% of total deposits.
To manage interest rate risk, the company executed $1.625 billion of interest rate swaps in Q3 2025, reducing the negative impact of falling rates by approximately 50% and achieving a near neutral interest rate risk position.

Oct 17, 2025, 12:30 PM

Simmons First National Corporation Reports Transformational Q3 2025, Announces Leadership Transition and Strategic Focus

SFNC

CEO Change

Guidance Update

Revenue Acceleration/Inflection

Simmons First National Corporation experienced a transformational third quarter of 2025, marked by a balance sheet restructuring and a strategic shift towards organic growth and operational excellence.
Jay Brogdon has assumed the role of President, while Chairman and CEO George Macris is set to retire.
The company reported a September Net Interest Margin (NIM) of 3.76%, with a Q4 2025 outlook of at or above 3.65%, supported by hedging actions and the repricing of nearly $3 billion in fixed-rate loans over the next 24 months.
Brokered deposits were reduced to $1.8 billion by the end of Q3 2025, with a long-term goal to eliminate them by growing core customer deposits.
Credit quality remained benign in Q3 2025, with the company proactively managing lower-quality loans and working towards resolving specific larger loan relationships.

Oct 17, 2025, 12:30 PM

Simmons First National Corporation Reports Q3 2025 Results and Balance Sheet Repositioning

SFNC

Earnings

Debt Issuance

New Projects/Investments

Simmons First National Corporation reported a net loss of $562.8 million and diluted earnings per share of $(4.00) for the third quarter of 2025.
This net loss was primarily driven by a $626 million after-tax loss on the sale of approximately $2.4 billion in low-yielding investment securities as part of a balance sheet repositioning.
The company's adjusted earnings for Q3 2025 were $64.9 million, with adjusted diluted earnings per share of $0.46.
To support the balance sheet repositioning, Simmons successfully raised $327 million of equity capital through a public offering.
The net interest margin (FTE) improved to 3.50% in Q3 2025, marking the sixth consecutive quarterly increase.

Oct 16, 2025, 8:30 PM

Simmons First National Corporation Reports Q3 2025 Results Following Balance Sheet Repositioning

SFNC

Earnings

Guidance Update

New Projects/Investments

Simmons First National Corporation reported a net loss of $(562.8) million and diluted EPS of $(4.00) for Q3 2025, primarily due to an after-tax loss of ~$626 million from the sale of ~$2.4 billion in securities as part of a balance sheet repositioning.
On an adjusted basis, the company achieved net income of $64.9 million and diluted EPS of $0.46 for Q3 2025, with adjusted total revenue up 9% and adjusted pre-provision net revenue (PPNR) up 20% linked quarter.
The balance sheet repositioning, supported by a ~$327 million common equity offering, significantly improved the net interest margin (NIM) by 44 basis points to 3.50% in Q3 2025, with management expecting 4Q25 NIM to be 3.65%+.
The company maintained a strong capital position with a Total Risk-Based Capital Ratio of 15.1% and a Tangible Common Equity (TCE) ratio of 8.5% as of Q3 2025.

Oct 16, 2025, 8:28 PM

Simmons First National Corporation completes offering of subordinated notes

SFNC

Debt Issuance

Simmons First National Corporation (SFNC) completed a public offering of $325,000,000 aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 on September 12, 2025.
The net proceeds from the offering, approximately $321.3 million, will be used to repay $330 million of outstanding Floating-to-Fixed Rate Subordinated Notes due 2028 on October 1, 2025, and for general corporate purposes.
The Notes will bear a fixed interest rate of 6.25% per annum from September 12, 2025, to October 1, 2030, and subsequently a floating rate equal to Three-Month Term SOFR plus 302 basis points until their maturity on October 1, 2035.
These Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Sep 12, 2025, 8:15 PM

Earnings Transcripts

Quarterly earnings call transcripts for SIMMONS FIRST NATIONAL.

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