NASDAQ$SFNC

Simmons First National Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Simmons' Q3 results were marked by positive trends and strategic balance sheet optimization.

Simmons First National Corporation reported a net income of $24.7 million and diluted EPS of $0.20 for Q3 2024. The quarter was affected by a loss on the sale of investment securities, but adjusted results showed solid growth. Credit trends remained steady, and the company's capital and liquidity positions are strong.

  • Net interest income increased 10% annualized on a linked quarter basis.
  • Deposit costs remained unchanged from Q2 2024 levels.
  • Strategic sale of lower yielding bonds was executed to optimize the balance sheet.
  • Credit trends remained steady with allowance for credit losses on loans at 1.35 percent.

Headline financials

Total Revenue

$175M

Previous: $196M-10.9%
EPS

$0.20

Previous: $0.39-48.7%
Net Interest Margin

2.7%

Previous: 2.6%+5.0%
Cost of Deposits

2.8%

Previous: 2.4%+17.7%
Equity to Assets

12.9%

No prior period
Capital Expenditures

-$34.9M

Previous: -$26.6M-31.6%
Free Cash Flow

-$10.2M

Previous: $20.7M-149.3%
Net Income

$24.7M

Previous: $47.2M-47.6%
Operating Income

-$60.6M

Previous: -$14.7M-311.7%
Gross Profit

$163M

Previous: $188M-13.7%
Cash & Equivalents

$603M

Previous: $606M-0.4%
Total Assets

$27.3B

Previous: $27.6B-1.1%
Stock-Based Comp

$1.33M

Previous: $1.6M-16.8%

Revenue & EPS history

Simmons · Revenue · Quarterly

$175M

Q3 2024-10.9%vs Q3 2023
Beat estimate in 3 of 14 quarters(21%)
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

Simmons anticipates strong capital and liquidity positions to provide tailwinds as it navigates an uncertain macroeconomic environment.

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 Q3 2024

Historical avgQ3 2024

-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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