Simmons First National Corporation Reports Second Quarter Results

Simmons First National Corporation (NASDAQ: SFNC ) reported net income of $66.7 million for the second quarter of 2026, compared to net income of $68.5 million for the first quarter of 2026 and $54.8 million for the second quarter of 2025. Diluted earnings per share were $0.46 for the second quarter of 2026, compared to $0.47 for the first quarter of 2026 and $0.4...

Net income of $66.7 million and diluted EPS of $0.46 Adjusted net income 1 of $72.2 million and adjusted diluted EPS 1 of $0.50 ROAA of 1.09% and ROE of 7.69% Adjusted ROAA 1 of 1.17%; adjusted ROTCE 1 of 14.37% Total revenue of $248.6 million and PPNR 1 of $100.8 million Net interest margin unchanged at 3.84%; cost of deposits down 3 bps to 1.93% Efficiency ratio of 58.72%; adjusted efficiency ratio 1 of 54.26% Unfunded commitments up 8% Noninterest bearing deposits up 6% annualized Provision expense exceeded net charge-offs by $8.3 million NCO ratio at 20 bps for 2Q26; ACL at 1.32% Repurchased 0.7 million shares during the quarter

Total revenue $ 248.6 $ 241.4 $214.2 Adjusted total revenue 1 248.6 241.4 214.2 Pre-provision net revenue 1 (PPNR) 100.8 100.7 75.6 Adjusted pre-provision net revenue 1 108.2 100.7 77.3 Provision for credit losses 17.4 14.6 11.9 Net income 66.7 68.5 54.8 Adjusted net income 1 72.2 68.6 56.1 Per Share Data Diluted earnings $ 0.46 $ 0.47 $ 0.43 Adjusted diluted earnings 1 0.50 0.47 0.44 Cash dividend declared 0.2150 0.2150 0.2125 Balance Sheet (in millions) Total loans $18,062 $17,933 $17,111 Total deposits 19,728 20,203 21,825 Total assets 24,777 24,693 26,694 Total shareholders' equity 3,482 3,438 3,549 Asset Quality Net charge-off ratio (NCO ratio) 0.20 % 0.21 % 0.25 % Allowance for credit losses to loans (ACL) 1.32 1.28 1.48 Capital Ratios Equity to assets (EA) ratio 14.05 % 13.92 % 13.30 % Tangible common equity (TCE) ratio 1 8.91 8.74 8.46 Common equity tier 1 (CET1) ratio 11.60 11.58 12.36 Total risk-based capital ratio 14.35 14.36 14.42 Other Ratios Return on average assets 1.09 % 1.13 % 0.82 % Adjusted return on average assets 1 1.17 1.13 0.84 Return on average common equity 7.69 8.01 6.20 Return on average tangible common equity 1 13.32 13.90 10.73 Adj. return onavg. tangible common equity 1 14.37 13.91 10.97 Net interest margin (FTE) 2 3.84 3.84 3.06 Efficiency ratio 58.72 57.56 62.82 Adjusted efficiency ratio 1 54.26 56.16 60.52

Jay Brogdon, Simmons' President and CEO, commented on second quarter 2026 results: "Simmons delivered continued expansion in returns in the second quarter, reflecting revenue growth coupled with disciplined expense control. Committed loan production reached $1.8 billion, its highest quarterly level in almost four years, partially offset by expected paydowns, while our focus on disciplined loan and deposit pricing supported a stable net interest margin. Underlying trends in asset quality remain constructive, with net charge-offs of 20 basis points, provision expense exceeding net charge-offs by $8.3 million and continued positive trends in classified and criticized loans, even as we manage a single relationship that fully migrated to nonperforming in the second quarter. During the quarter, the continued execution of efficiency initiatives more than funded our investments in the business, reflecting ongoing progress of our continuous improvement mindset. These actions included the elimination of certain positions and further optimization of our real estate footprint through meaningful square footage reductions. As we look to the remainder of the year, we expect to sharpen our focus on the disciplined execution of these types of initiatives, which we believe will more than fund additional investments designed to further enhance the quality and sustainability of our organic growth outlook."