SFNCNasdaqNational Commercial BanksUS GAAP · USD

Simmons First National Corporation

Simmons First National Corp. is a U.S. financial holding company headquartered in Pine Bluff, Arkansas, with banking operations conducted through Simmons Bank and related subsidiaries. Its business centers on commercial banking, consumer banking, treasury management, wealth services, and insurance agency offerings across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas.

Revenue103m USD
−86.7 %y/y
Net income-398m USD
−360.4 %y/y
Free cash flow411m USD
+8.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

02004006008001,000m USD2020: 880 m USD20202021: 783 m USD20212022: 887 m USD20222023: 806 m USD20232024: 776 m USD20242025: 103 m USD2025103
RevenueOperating profit (EBIT)

Business

Share of revenue
Commercial Banking45 %

Loans, deposits, treasury management, and credit products for business and corporate customers.

Consumer Banking30 %

Retail deposit accounts, mortgage and consumer lending, cards, and digital banking services.

Wealth and Trust Services10 %

Trust, investment, agency, custodial, and brokerage-related services for individuals and businesses.

Specialty Lending10 %

SBA lending, agricultural finance, and other relationship-based lending niches.

Insurance Services5 %

Personal and commercial insurance agency products offered through bank subsidiaries.

Customers

Simmons serves individuals, small businesses, middle-market companies, and larger commercial borrowers across its regional footprint. Its commercial banking group focuses on larger and more complex relationships, while community banking serves retail and small-to-mid-size customers and the wealth group serves investment and trust needs. The bank also supports agricultural borrowers, SBA clients, and customers seeking insurance and treasury services.

Retail consumers

Buy deposit accounts, home loans, consumer credit, cards, and digital banking services for everyday financial needs.

Small and mid-sized businesses

Use operating accounts, treasury services, SBA lending, and working-capital credit for business operations.

Commercial and corporate borrowers

Borrow for commercial real estate, construction, equipment, and general corporate purposes.

Agricultural customers

Use specialized lending and deposit products tied to farm and agribusiness financing needs.

Wealth and trust clients

Buy fiduciary, investment, agency, and custodial services for personal and business assets.

Strategy

Simmons focuses on relationship banking, strong asset quality, capital strength, and liquidity discipline while growing through both organic expansion and acquisitions. It also emphasizes operational efficiency and a community-based model supported by centralized functions in select areas. The strategy is designed to deepen customer relationships, broaden product usage, and extend the franchise across its regional markets.

Organic growth in core regional marketsMedium term

Deposit and loan growth in familiar markets supports relationship depth and cross-sell opportunities.

Selective acquisitions and footprint expansionMedium term

Acquisitions have historically been a key way to enter growth markets and scale the franchise.

Balance sheet and liquidity managementShort term

A bank's funding mix and capital position are central to lending capacity and resilience.

Geography

The company operates primarily in the Mid-South and South-Central United States, with banking centers and lending activity in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. Its footprint is branch-based and relationship-driven, so local market density and regional economic conditions matter to deposit gathering, loan growth, and credit quality.

Risks

As a regional bank, Simmons is exposed to interest-rate changes, credit losses, deposit competition, and local economic cycles that affect borrowers and funding costs. Its business also depends on third-party service providers, regulatory compliance, technology resilience, and effective risk controls across lending, operations, and liquidity management.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Interest-rate and monetary policy risk1Credit risk in the loan portfolio2Liquidity and deposit concentration risk3Regulatory and compliance risk4Technology, third-party, and fraud risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Interest-rate and monetary policy riskImpact: HighLikelihood: Medium

    Bank earnings depend on the spread between loan yields and funding costs, which changes with rates.

    Exposure: Net interest margin and deposit pricing

  2. Credit risk in the loan portfolioImpact: HighLikelihood: Medium

    Commercial real estate, construction, C&I, consumer, and agricultural loans can deteriorate in a downturn.

    Exposure: Allowance for credit losses and charge-offs

  3. Liquidity and deposit concentration riskImpact: HighLikelihood: Medium

    The bank relies on customer deposits and parent-company dividends to fund operations and obligations.

    Exposure: Uninsured deposits and wholesale funding

  4. Regulatory and compliance riskImpact: MediumLikelihood: Medium

    Banks operate under capital, liquidity, consumer, and safety-and-soundness rules that can constrain actions.

    Exposure: Bank holding company and subsidiary bank

  5. Technology, third-party, and fraud riskImpact: MediumLikelihood: Medium

    Digital banking and outsourced services increase exposure to outages, cyber events, and fraud losses.

    ExposurePaymentsOnline bankingVendor platforms
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Accounting

Judgemental items
Allowance for credit losses

Management estimates lifetime expected losses using forecasts, historical experience, and qualitative factors.

Impact: Affects provision expense, net income, and reserve coverage

Acquisition accounting and loan valuation

Purchased loans and acquired deposits require fair value marks and purchase accounting adjustments.

Impact: Affects interest income accretion, intangibles, and reported earnings

Goodwill and intangible assets

Bank acquisitions create goodwill and core deposit intangibles that must be tested for impairment.

Impact: Can create non-cash write-downs if franchise value declines

Interest income and margin presentation

Loan volume, loan yield, and funding mix drive reported net interest income and margin trends.

Impact: Important for comparing quarterly operating performance

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026