Simmons First National

SFNC · Nasdaq · Financials · Financials, fiscal 2016 to 2025

SFNC · Last close · November 6, 2026

$23.34

Simmons First National's revenue fell 86.7% to $103 million in fiscal 2025. Net income was −$398 million, down 360.4%. Its return on equity was −11.4%, down from 4.4% a year earlier. Its efficiency ratio was 547.4%, up from 71.9% a year earlier. It paid out $115 million in dividends and buybacks. The diluted share count rose 6.8%.

SIMMONS FIRST NATIONAL CORP Latest fiscal year ended December 31, 2025 10-K filed February 25, 2026 · 0001628280-26-011618 Updated November 5, 2026

Revenue

$103M

86.7%

Net income

−$398M

360.4%

Return on equity

−11.4%

15.8 pts

Return on tangible equity

−18.5%

25.5 pts

Efficiency ratio

547.4%

475.5 pts

Market cap

$3.4B

Nov 6 close

P/E

12.1x

On $1.93 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2024, earnings per share fell 3.1% a year and net income grew 5.9% a year, as new shares raised the share count by 104% and diluted each share's earnings. Simmons First National then lost money in fiscal 2025.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	11,807	15,945	16,620	16,771	17,268
Deposits	19,366	22,548	22,245	21,886	20,184
Loans to deposits	61.0%	70.7%	74.7%	76.6%	85.5%
Provision for credit losses	−33	14	42	47	66
Provision to average loans	−0.3%	0.1%	0.3%	0.3%	0.4%
Total assets	24,725	27,461	27,346	26,876	24,541
Shareholders' equity	3,249	3,269	3,426	3,529	3,419

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Simmons First National's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Simmons First National's projections

Insider trades

No officer, director or 10% owner of Simmons First National reported buying or selling its shares on the open market between November 7, 2025 and November 6, 2026.

From Form 4 filings with the SEC. Grants, option exercises and shares withheld for tax aren't counted. Insider trades at all companies

Compare

Put Simmons First National side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Simmons First National	FY25	−86.7%	−385.1%	−11.4%	−18.5%	547.4%
TrustCo Bank Corp NY	FY25	9.4%	32.5%	9.0%	9.0%	56.1%	Compare
Southside Bancshares	FY25	−8.1%	29.2%	8.3%	11.0%	63.9%	Compare
Heritage Financial	FY25	13.5%	27.4%	7.6%	10.4%	67.3%	Compare
Westamerica Bank	FY25	−12.2%	45.0%	12.7%	14.7%	39.5%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	419	494	696	800	880	783	887	806	776	103
Revenue growth	12.2%	17.9%	41.1%	14.8%	10.0%	−10.9%	13.3%	−9.2%	−3.7%	−86.7%
Net interest income	279	355	549	602	640	592	717	650	628	719
Noninterest income	139	139	148	198	240	192	170	156	147	−616
Noninterest expense	255	312	392	454	485	484	567	563	558	565
Provision for credit losses	—	—	38	43	75	−33	14	42	47	66
Net income	97	93	216	238	255	271	256	175	153	−398
Diluted EPS (US$)	1.56	1.33	2.32	2.41	2.31	2.46	2.06	1.38	1.21	−2.95
Diluted shares (millions)	62	70	93	99	110	110	124	127	126	135
Payouts
Dividends paid	29	35	56	64	75	79	94	101	105	115
Share buybacks	0	0	0	10	113	132	111	40	0	0
Balance sheet at fiscal year end
Loans, net	5,597	10,738	11,667	14,358	12,663	11,807	15,945	16,620	16,771	17,268
Deposits	6,735	11,093	12,399	16,109	16,987	19,366	22,548	22,245	21,886	20,184
Total assets	8,400	15,000	16,543	21,259	22,360	24,725	27,461	27,346	26,876	24,541
Shareholders' equity	1,151	2,085	2,246	2,989	2,977	3,249	3,269	3,426	3,529	3,419
Ratios
Return on equity	8.7%	5.7%	10.0%	9.1%	8.6%	8.7%	7.9%	5.2%	4.4%	−11.4%
Return on tangible common equity	12.7%	9.1%	16.3%	14.3%	13.3%	13.5%	12.7%	8.6%	7.1%	−18.5%
Return on assets	1.2%	0.8%	1.4%	1.3%	1.2%	1.1%	1.0%	0.6%	0.6%	−1.6%
Efficiency ratio	60.9%	63.3%	56.3%	56.8%	55.1%	61.7%	63.9%	69.9%	71.9%	547.4%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Simmons First National's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Simmons First National.