NASDAQ$SFNC

Simmons First National Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported net income of $58.8 million for the quarter ended June 30, 2020.

Simmons First National Corporation reported a net income of $58.8 million for the second quarter of 2020, an increase of 5.7% compared to the same period in 2019. Diluted earnings per share were $0.54, a decrease of 6.9% compared to the prior year. Total loans were $14.6 billion, and total deposits were $16.6 billion.

  • Net income for the quarter ended June 30, 2020, was $58.8 million.
  • Diluted earnings per share were $0.54, a decrease of 6.9% compared to the same period in the prior year.
  • Total loans reached $14.6 billion at June 30, 2020, an 11.3% increase year-over-year.
  • Total deposits were $16.6 billion at June 30, 2020, a 22.9% increase since June 30, 2019.

Headline financials

Total Revenue

$214M

Previous: $189M+13.0%
EPS (adj)

$0.54

Previous: $0.68-20.6%
Efficiency Ratio

49.1%

No prior period
Book Value per Share

$26.64

No prior period
Tangible Book Value per Share

$15.79

No prior period
Capital Expenditures

-$19.8M

Previous: -$21.7M+8.8%
Free Cash Flow

$39M

Previous: $34.2M+14.0%
Net Income

$58.8M

Previous: $55.9M+5.1%
Operating Income

$137M

Previous: $112M+22.3%
Gross Profit

$187M

Previous: $189M-1.3%
Cash & Equivalents

$2.55B

Previous: $655M+288.4%
Total Assets

$21.9B

Previous: $17.9B+22.1%
Stock-Based Comp

$3.07M

Previous: $3.17M-3.0%

Revenue & EPS history

Simmons · Revenue · Quarterly

$214M

Q2 2020+13%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Simmons · $164M total across 1 segment · Q2 2020

  • Net Interest Income
    $164M

Forward guidance

The company expects to close an additional 23 branch locations and one loan production office during the fourth quarter of 2020, with an expected net annual cost savings of approximately $6.8 million.

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 Q2 2020

Historical avgQ2 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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