NASDAQ$SFNC

Simmons First National Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported net income of $77.2 million for the quarter ended March 31, 2020.

Simmons First National Corporation reported a strong first quarter in 2020, with net income increasing by 61.9% compared to the same period in 2019. The company's performance was bolstered by recent mergers and strategic branch sales.

  • Net income for the quarter ended March 31, 2020, was $77.2 million, compared to $47.7 million for the same period in 2019.
  • Diluted earnings per share were $0.68, an increase of $0.17 compared to the prior year.
  • Total loans were $14.4 billion at March 31, 2020, an increase of $2.6 billion, or 22.4%, compared to March 31, 2019.
  • Total deposits were $15.6 billion at March 31, 2020, an increase of $3.6 billion, or 29.8%, since March 31, 2019.

Headline financials

Total Revenue

$250M

Previous: $171M+46.3%
EPS (adj)

$0.68

Previous: $0.53+28.3%
Efficiency Ratio

56.4%

Previous: 56.8%-0.7%
Book Value per Share

$26.11

No prior period
Tangible Book Value per Share

$15.22

No prior period
Net Interest Margin

3.7%

No prior period
Tangible Common Equity to Tangible Assets

8.4%

No prior period
Capital Expenditures

-$10.6M

Previous: -$13M+18.9%
Free Cash Flow

$66.7M

Previous: $34.7M+92.3%
Net Income

$77.2M

Previous: $47.7M+61.9%
Operating Income

$156M

Previous: $97M+60.8%
Gross Profit

$224M

Previous: $171M+31.0%
Cash & Equivalents

$1.74B

Previous: $491M+253.7%
Total Assets

$20.8B

Previous: $16.1B+29.5%
Stock-Based Comp

$4.51M

Previous: $3.08M+46.1%

Revenue & EPS history

Simmons · Revenue · Quarterly

$250M

Q1 2020+46.3%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Simmons · $208M total across 2 segments · Q2 2023

  • Net Interest Income
    $163M-11.8%
  • Noninterest Income
    $45M+11.9%

Forward guidance

The company is closely monitoring the COVID-19 pandemic and is ready to assist its customers and communities during these unprecedented times. They maintain strong liquidity and capital to weather critical economic conditions.

Tailwinds

  • Well positioned to help customers and communities.
  • Very strong liquidity.
  • Strong capital.
  • Diversification in risk profile.
  • Conservative risk appetite.

Headwinds

  • Unprecedented impact of the COVID-19 pandemic.
  • Temporary closure of 52 branches.
  • Economic hardships associated with the COVID-19 pandemic.
  • Uncertainty of the COVID-19 pandemic.
  • Potential claims, damages, and fines related to litigation or government actions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.8%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+2.2%

Avg return

30 days after

42%

28 / 66 earnings

Positive

+10.6%

Q2 2019

Best reaction

-9.9%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%+3.5%+0.2%
Q4 2025+8.9%+3.8%+11.4%
Q3 2025+1.6%-1.5%-0.4%
Q2 2025-0.9%+0.0%+2.3%
Q1 2025-4.0%-1.0%+10.1%
Q4 2024-1.6%-0.8%-3.6%
Q3 2024-2.3%+0.0%+5.1%
Q2 2024+1.4%-1.1%-0.9%
Q1 2024-5.1%-6.9%-6.2%
Q4 2023+6.0%+6.4%-1.5%
Q3 2023-8.1%-7.4%+5.5%
Q2 2023+0.6%+0.5%-11.0%
Q1 2023-4.6%+1.6%+1.6%
Q4 2022-5.9%-5.0%-1.8%
Q3 2022-5.8%-1.9%-3.6%
Q2 2022+0.9%+1.4%+13.2%
Q1 2022-3.0%-0.9%+5.1%
Q4 2021-2.7%-2.1%-2.1%
Q3 2021-6.5%-4.1%-2.9%
Q2 2021+1.3%+0.8%+5.5%
Q1 2021-2.6%+0.6%+4.0%
Q4 2020-1.9%-6.6%+12.1%
Q3 2020-2.4%+3.4%+16.3%
Q2 2020+7.2%+9.3%+6.8%
Q1 2020-4.3%-2.4%-10.0%
Q4 2019-2.9%-4.8%-4.3%
Q3 2019+1.2%+2.1%+3.4%
Q2 2019+10.6%+11.4%+7.0%
Q1 2019-3.6%-3.1%-4.6%
Q4 2018-4.6%-5.2%+3.4%
Q3 2018-0.9%-3.5%+5.6%
Q2 2018+0.6%-3.8%+0.5%
Q1 2018+5.4%+5.6%+9.2%
Q4 2017+0.5%-0.1%-0.3%
Q3 2017-1.4%-1.6%-8.5%
Q2 2017+1.9%+3.1%-1.2%
Q1 2017+0.4%+2.1%-2.5%
Q4 2016+3.5%+3.7%+2.8%
Q3 2016-0.5%+0.9%+21.6%
Q2 2016-1.9%-4.2%-0.6%
Q1 2016-1.0%
Q4 2015-9.9%
Q3 2015+9.3%
Q2 2015-3.7%
Q1 2015-1.2%
Q4 2014+2.9%
Q3 2014-2.0%
Q2 2014-5.1%
Q1 2014+3.6%
Q4 2013-1.5%
Q3 2013+0.4%
Q2 2013+0.1%
Q1 2013+0.3%
Q4 2012+1.0%
Q3 2012+0.9%
Q2 2012-0.7%
Q1 2012-0.9%
Q4 2009+2.8%
Q1 2011+2.8%
Q4 2011+2.8%
Q3 2011-5.4%
Q3 2010-5.4%
Q2 2010-6.6%
Q4 2010-6.6%
Q2 2011-6.6%
Q1 2010+0.1%

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