SIMMONS FIRST NATIONAL CORP SEC 10-Q Report
Simmons First National Corp has released its Form 10-Q report for Q2 2025, highlighting a total interest income of $622.9 million, a decrease from the previous year. Net interest income rose to $335.2 million, while net income improved to $87.2 million. Basic and diluted EPS increased to $0.69. The company operates 223 financial centers across several states and reported a loan portfolio of $17.11 billion. Future strategies include managing credit risk and transitioning from LIBOR-based agreements.
Simmons First National Corp, a diversified financial services company, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting its strategic initiatives and market conditions.
Financial Highlights
Total Interest Income: $622.9 million, reflecting a decrease from the previous year due to lower interest income from loans and investment securities.
Net Interest Income: $335.2 million, an increase from the previous year, driven by a reduction in interest expense.
Net Income: $87.2 million, showing an improvement over the previous year, attributed to higher net interest income and controlled noninterest expenses.
Basic Earnings Per Share (EPS): $0.69, up from $0.64 in the prior year, indicating improved profitability per share.
Diluted EPS: $0.69, compared to $0.63 in the previous year, reflecting enhanced earnings performance.
Business Highlights
Revenue Segments: The company offers a diverse range of financial services through its subsidiaries, including consumer, real estate, and commercial loans, as well as checking, savings, and time deposits. Specialized products and services such as credit cards, trust and fiduciary services, investments, agricultural finance lending, equipment lending, insurance, and SBA lending are also provided.
Geographical Performance: Simmons First National Corporation operates approximately 223 financial centers across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. This regional presence supports the company's strategy to leverage local market conditions and expand its customer base.
Sales Units: The loan portfolio as of June 30, 2025, was $17.11 billion, showing an increase from $17.01 billion at the end of 2024. This growth is attributed to increases in commercial and agricultural loans, as well as mortgage loans held for sale.
Future Outlook: The company is focused on managing credit risk through diversification of its loan portfolio and maintaining a strong allowance for credit losses. The management is also monitoring economic conditions closely to adjust its strategies accordingly. The company has formed a LIBOR Transition Team to manage the transition away from LIBOR-based credit agreements, ensuring compliance with regulatory requirements.
SEC Filing: SIMMONS FIRST NATIONAL CORP [ SFNC ] - 10-Q - Aug. 05, 2025
