Simmons First National Corporation serves as the parent organization for Simmons Bank, delivering a broad spectrum of banking and financial solutions to ...
Simmons First National Corporation (SFNC) is a financial holding company that serves as the parent of Simmons Bank, a state-chartered community bank with a strong presence in the Mid-South. Founded in 1903 by Dr. John Franklin Simmons, the company has evolved from a small community bank into a regional institution ...Simmons First National Corporation (SFNC) is a financial holding company that serves as the parent of Simmons Bank, a state-chartered community bank with a strong presence in the Mid-South. Founded in 1903 by Dr. John Franklin Simmons, the company has evolved from a small community bank into a regional institution with over 200 branches spanning Arkansas, Missouri, Tennessee, Texas, Oklahoma, and Kansas. As of the latest data, SFNC employs approximately 2,917 full-time associates, reflecting its commitment to personalized service and community engagement.
The company's business model centers on traditional banking services, with a diverse product portfolio that includes checking, savings, and time deposit accounts; consumer, real estate, and commercial loans; specialized financing for agriculture, equipment, and small businesses through SBA initiatives; and trust and fiduciary services. Additionally, Simmons Bank offers credit cards, investment management, insurance products, and securities and investment services, catering to both individual and commercial clients.
Financially, SFNC has demonstrated resilience and stability, with a market capitalization of approximately $3.4 billion as of the latest data. The company has a strong capital position, with a price-to-book ratio near 1.0 and a tangible book value per share of $14.28, indicating solid asset quality. However, recent TTM metrics show a net loss, with a net profit margin of -61.3%, reflecting challenges in the current interest rate environment or one-time charges. Despite this, the company maintains a disciplined approach to cost management and continues to invest in technology and digital banking platforms to enhance customer experience.
Leadership plays a crucial role in steering the company. James "Jay" Brogdon is currently the President and CEO, having assumed the role on January 1, 2026, following the retirement of George Makris, Jr., who had served as Chairman and CEO. Makris announced his retirement at the end of 2025, marking a transition to the next generation of leadership. Brogdon brings extensive experience from his previous roles within the organization, ensuring continuity in strategic direction.
Simmons operates with a community-focused approach, emphasizing local decision-making and relationship banking. The company has paid cash dividends to shareholders for over 117 years, a testament to its financial discipline and commitment to shareholder returns. With a focus on expansion in high-growth markets and prudent risk management, Simmons First National Corporation aims to continue its legacy of service and profitability in the evolving financial landscape.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$626.8M
-56.7%
+17.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-397.6M
-360.4%
-2.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+5.8%
-88.3%
-0.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-84.2%
-810.8%
+25.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-63.4%
-700.8%
-17.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$423.0M
+11.2%
+268.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+67.5%
+156.6%
+213.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
18.8%
-42.4%
+66.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.86x
+755.8%
-81.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and welcome to the Simmons First National Corporation second quarter 2026 earnings conference call and webcast. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Ed Bilek. Please go ahead, sir.
Ed Bilek: Good morning, and welcome to Simmons First National Corporation second quarter 2026 earnings call. Joining me today are several members of our executive management team, including President and CEO, Jay Brogdon, and CFO, Daniel Hobbs. Today's call will be in a Q&A format. Before we begin, I would like to remind you that our second quarter earnings materials, including the earnings release and presentation deck, are available on our website at simmonsbank.com under the investor relations tab. During today's call, we will make forward-looking statements about our future plans, goals, expectations, estimates, projections, and outlook, including, among others, our outlook regarding future economic conditions, interest rates, lending and deposit activity, credit quality, liquidity, and net interest margin. These statements involve risk and uncertainties. You should therefore not place undue reliance on any forward-looking statement as actual results could differ materially from those expressed in or implied by the forward-looking statements due to a variety of factors. Additional information concerning some of these factors is contained in our earnings release and investor presentation furnished with our Form 8-K yesterday, as well as our Form 10-K for the year-ended December 31st, 2025, and our Form 10-Q for the quarter-ended March 31st, 2026, including the risk factors contained in those filings. These forward-looking statements speak only as of the date they are made. Simmons assumes no obligation to update or revise any forward-looking statements or other information. Finally, in this presentation, we will discuss certain non-GAAP financial metrics we believe provide useful information to investors. Additional disclosures regarding non-GAAP metrics, including the reconciliation of those non-GAAP metrics to GAAP, are contained in our earnings release and investor presentation, which are furnished as exhibits to the Form 8-K we filed yesterday with the SEC and are also available on our investor relations page of our website, simmonsbank.com. Operator, we're ready to begin the Q&A.
Operator: Thank you. We will now begin the question-and-answer session. To ask a question, you may press star then one on your touch tone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your …