Simmons First National Corporation (SFNC) 10-Year Financial Performance & Capital Metrics

SFNC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutSimmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. It offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; insurance products; and securities and investment services. The company also provides ATM services; Internet and mobile banking platforms; overdraft facilities; and safe deposit boxes. As of January 27, 2022, the company operated through 199 financial centers in Arkansas, Missouri, Tennessee, Texas, Oklahoma, and Kansas. Simmons First National Corporation was founded in 1903 and is headquartered in Pine Bluff, Arkansas.Show more

Net Interest Income $628M -3.3%
Total Revenue $1.45B +7.8%
Net Income $153M -12.8%
Return on Equity 4.39% -16.0%
Net Interest Margin 2.34% -1.6%
Efficiency Ratio 37.66% -8.1%
ROA 0.56% -11.8%
Equity / Assets 13.13% +4.8%
Book Value per Share 27.98 +2.2%
Tangible BV/Share 16.74 +5.1%
Debt/Equity 0.33 -20.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 37.7% efficiency ratio
✓Well capitalized: 13.1% equity/assets
✓Healthy dividend yield of 4.3%
✓Trading at only 0.7x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y19.75%

5Y8.27%

3Y19.48%

TTM-

Profit (Net Income) CAGR

10Y15.65%

5Y-8.51%

3Y-17.42%

TTM-433.11%

EPS CAGR

10Y1.33%

5Y-12.87%

3Y-21.17%

TTM-387.25%

ROCE

10Y Avg6.88%

5Y Avg5.5%

3Y Avg4.71%

Latest3.43%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	278.6M	279.21M	354.93M	548.69M	601.75M	639.73M	591.53M	717.32M	650.13M	628.47M
NII Growth %	0.63%	0%	0.27%	0.55%	0.1%	0.06%	-0.08%	0.21%	-0.09%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	300.95M	301M	395M	676.83M	783.12M	759.72M	671.06M	861.74M	1.21B	1.31B
Interest Expense	22.35M	21.8M	40.07M	128.13M	181.37M	119.98M	79.53M	144.42M	560.03M	683.6M
Loan Loss Provision	9.02M	20.07M	26.39M	38.15M	43.24M	74.97M	-31.21M	14.07M	31.12M	46.78M
Non-Interest Income+	85.5M	128.05M	126.58M	133.42M	188.87M	221.2M	176.88M	157.82M	131.42M	134.28M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	386.45M	429.06M	521.58M	810.25M	971.99M	980.92M	847.94M	1.02B	1.34B	1.45B
Revenue Growth %	0.62%	0.11%	0.22%	0.55%	0.2%	0.01%	-0.14%	0.2%	0.32%	0.08%
Non-Interest Expense	247.81M	243.76M	300.19M	377.89M	444.95M	466.17M	467.16M	554.5M	549.82M	544.66M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	107.26M	143.44M	154.92M	266.07M	302.43M	319.79M	332.46M	306.56M	200.6M	171.31M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.13%	0.34%	0.08%	0.72%	0.14%	0.06%	0.04%	-0.08%	-0.35%	-0.15%
Pretax Income+	107.26M	143.44M	154.92M	266.07M	302.43M	319.79M	332.46M	306.56M	200.6M	171.31M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	32.9M	46.62M	61.98M	50.36M	64.27M	64.89M	61.31M	50.15M	25.55M	18.61M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	74.36M	96.81M	92.94M	215.71M	238.17M	254.9M	271.16M	256.41M	175.06M	152.69M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.08%	0.3%	-0.04%	1.32%	0.1%	0.07%	0.06%	-0.05%	-0.32%	-0.13%
Net Income (Continuing)	74.36M	96.81M	92.94M	215.71M	238.17M	254.9M	271.16M	256.41M	175.06M	152.69M
EPS (Diluted)+	1.31	1.56	1.33	2.32	2.41	2.31	2.47	2.06	1.38	1.21
EPS Growth %	0.24%	0.19%	-0.15%	0.74%	0.04%	-0.04%	0.07%	-0.17%	-0.33%	-0.12%
EPS (Basic)	1.32	1.58	1.34	2.34	2.42	2.32	2.47	2.07	1.39	1.22
Diluted Shares Outstanding	60.56M	61.93M	92.03M	92.83M	113.63M	110.17M	110.08M	127.05M	125.18M	126.12M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	266.37M	290.22M	601.36M	838.39M	1B	3.47B	1.65B	682.92M	614.19M	687.48M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	6.45B	7.25B	12.89B	14.14B	18.01B	16.62B	20.49B	23.56B	23.51B	22.95B
Investments Growth %	0.69%	0.12%	0.78%	0.1%	0.27%	-0.08%	0.23%	0.15%	-0%	-0.02%
Long-Term Investments	5.62B	6.09B	11.3B	11.98B	14.72B	13.15B	13.37B	19.71B	20.36B	21.55B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	327.69M	348.5M	842.65M	845.69M	1.06B	1.08B	1.15B	1.32B	1.32B	1.32B
Intangible Assets	53.24M	52.96M	106.07M	91.33M	127.34M	111.11M	106.23M	128.95M	112.64M	97.24M
PP&E (Net)	193.62M	199.36M	287.25M	295.06M	492.38M	441.69M	483.47M	548.74M	570.68M	585.43M
Other Assets	246.98M	231.33M	289.54M	286.82M	514.85M	563.36M	777.03M	1.12B	1.1B	1.11B
Total Current Assets	1.11B	1.48B	2.23B	3.04B	4.35B	7.02B	8.84B	4.64B	3.89B	2.21B
Total Non-Current Assets	6.45B	6.92B	12.82B	13.5B	16.91B	15.34B	15.89B	22.82B	23.46B	24.67B
Total Assets+	7.56B	8.4B	15.06B	16.54B	21.26B	22.36B	24.72B	27.46B	27.35B	26.88B
Asset Growth %	0.63%	0.11%	0.79%	0.1%	0.29%	0.05%	0.11%	0.11%	-0%	-0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	74.45M	65.14M	77.97M	102.8M	165.42M	217.4M	201.86M	257.92M	0	0
Total Debt+	322.26M	448.58M	1.64B	1.8B	1.84B	2.02B	1.91B	1.39B	1.41B	1.15B
Net Debt	55.89M	158.36M	1.04B	956.8M	834.83M	-1.45B	254.97M	702.77M	792.28M	461.3M
Long-Term Debt	222.86M	333.56M	1.45B	1.7B	1.69B	1.72B	1.72B	1.23B	1.34B	1.11B
Short-Term Debt	99.4M	115.03M	197.44M	95.79M	150.15M	299.11M	185.4M	160.4M	67.97M	37.11M
Other Liabilities	0	0	157.37M	162K	159.85M	154.62M	0	0	267.73M	312.65M
Total Current Liabilities	6.26B	6.92B	11.37B	12.6B	16.42B	17.5B	19.75B	22.97B	22.31B	21.92B
Total Non-Current Liabilities	222.86M	333.56M	1.6B	1.7B	1.85B	1.88B	1.72B	1.23B	1.61B	1.42B
Total Liabilities	6.48B	7.25B	12.97B	14.3B	18.27B	19.38B	21.48B	24.19B	23.92B	23.35B
Total Equity+	1.08B	1.15B	2.08B	2.25B	2.99B	2.98B	3.25B	3.27B	3.43B	3.53B
Equity Growth %	1.18%	0.07%	0.81%	0.08%	0.33%	-0%	0.09%	0.01%	0.05%	0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.09%	0.06%	0.1%	0.09%	0.09%	0.09%	0.08%	0.05%	0.04%
Book Value per Share	17.78	18.59	22.65	24.20	26.30	27.02	29.51	25.73	27.37	27.98
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	303K	626K	920K	923K	1.14M	1.08M	1.13M	1.27M	1.25M	1.26M
Additional Paid-in Capital	662.38M	711.66M	1.59B	1.6B	2.12B	2.01B	2.16B	2.53B	2.5B	2.51B
Retained Earnings	385.99M	454.03M	514.87M	674.94M	848.85M	901.01M	1.09B	1.26B	1.33B	1.38B
Accumulated OCI	-2.67M	-15.21M	-17.26M	-27.37M	20.89M	59.73M	-10.54M	-517.56M	-404.38M	-360.91M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	30.85M	0	0	0	767K	767K	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	84.36M	91.13M	114.56M	226.98M	256.08M	202.54M	277.78M	322.2M	540.98M	425.92M
Operating CF Growth %	6.24%	0.08%	0.26%	0.98%	0.13%	-0.21%	0.37%	0.16%	0.68%	-0.21%
Net Income	74.36M	96.81M	92.94M	215.71M	238.17M	254.9M	271.16M	256.41M	175.06M	152.69M
Depreciation & Amortization	13.65M	16.98M	21.06M	28.41M	36.26M	49.04M	47.22M	48.96M	47.88M	46.12M
Deferred Taxes	13.6M	9.83M	23.25M	8.41M	34.91M	-122K	10.94M	14.93M	-2.46M	-3.23M
Other Non-Cash Items	-34.87M	-17.84M	-14.64M	-18.57M	-85.52M	-130.91M	3.7M	-2.97M	58.8M	73.62M
Working Capital Changes	13.59M	-18.07M	-18.73M	-16.72M	19.34M	16.44M	-71.1M	-10.46M	249.52M	145.44M
Cash from Investing+	134.71M	-250.95M	-338.47M	-1.4B	604.48M	1.19B	-2.54B	-946.23M	-183.59M	369.51M
Purchase of Investments	-504.77M	-867.73M	-855.57M	-785.28M	-1.71B	-4.45B	-5.97B	-592.65M	-75.89M	-7.07M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	128.76M	106.42M	-38.8M	0	178.26M	0	25.43M	276.4M	0	0
Other Investing	-223.01M	-325.04M	-674.72M	-919.08M	151.18M	1.57B	2.1B	-1.82B	-710.56M	-211.38M
Cash from Financing+	-302.72M	193.21M	536.29M	1.4B	-697.39M	1.08B	438.46M	-344.5M	-425.42M	-722.15M
Dividends Paid	-27.28M	-28.77M	-35.12M	-55.65M	-64.26M	-74.64M	-78.89M	-94.1M	-100.96M	-105.44M
Share Repurchases	0	0	0	0	-10.13M	-113.33M	-133.23M	-111.13M	-40.32M	0
Stock Issued	0	0	0	0	0	0	1.17M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	-131.52M	146.6M	52.54M	1.28B	-365.7M	1.24B	731.63M	433.65M	-397.2M	-389.71M
Net Change in Cash+	-83.65M	33.4M	312.38M	235.42M	163.16M	2.48B	-1.82B	-968.53M	-68.03M	73.28M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	335.91M	252.26M	285.66M	598.04M	833.46M	996.62M	3.47B	1.65B	682.12M	614.09M
Cash at End	252.26M	285.66M	598.04M	833.46M	996.62M	3.47B	1.65B	682.12M	614.09M	687.38M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	69.53M	72.24M	80.35M	197.24M	188.25M	189.27M	229.92M	286.93M	507.89M	380.42M
FCF Growth %	4.97%	0.04%	0.11%	1.45%	-0.05%	0.01%	0.21%	0.25%	0.77%	-0.25%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.47%	8.69%	5.74%	9.96%	9.1%	8.55%	8.71%	7.87%	5.23%	4.39%
Return on Assets (ROA)	1.22%	1.21%	0.79%	1.37%	1.26%	1.17%	1.15%	0.98%	0.64%	0.56%
Net Interest Margin	3.69%	3.32%	2.36%	3.32%	2.83%	2.86%	2.39%	2.61%	2.38%	2.34%
Efficiency Ratio	64.13%	56.81%	57.55%	46.64%	45.78%	47.52%	55.09%	54.39%	40.98%	37.66%
Equity / Assets	14.24%	13.7%	13.85%	13.58%	14.06%	13.31%	13.14%	11.91%	12.53%	13.13%
Book Value / Share	17.78	18.59	22.65	24.2	26.3	27.02	29.51	25.73	27.37	27.98
NII Growth	62.86%	0.22%	27.12%	54.59%	9.67%	6.31%	-7.53%	21.26%	-9.37%	-3.33%
Dividend Payout	36.34%	29.69%	37.78%	25.8%	26.84%	29.26%	29.08%	36.7%	57.67%	69.05%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Deposit Account	42.51M	44.78M	43.08M	43.23M	46.53M	50.53M	49.9M
Deposit Account Growth	-	5.35%	-3.80%	0.35%	7.62%	8.60%	-1.25%
Credit and Debit Card	32.27M	29.29M	33.47M	28.25M	31.2M	31.47M	32.88M
Credit and Debit Card Growth	-	-9.23%	14.27%	-15.61%	10.47%	0.86%	4.46%
Fiduciary and Trust	23.13M	25.04M	27.7M	31.17M	31.89M	30.2M	32.81M
Fiduciary and Trust Growth	-	8.27%	10.64%	12.51%	2.32%	-5.30%	8.62%
Financial Service, Other	7.47M	5.82M	6.62M	7.7M	7.62M	9.12M	9.19M
Financial Service, Other Growth	-	-22.02%	13.74%	16.18%	-1.04%	19.77%	0.72%
Mortgage Loans	-	15.02M	34.47M	21.8M	10.52M	7.73M	8.08M
Mortgage Loans Growth	-	-	129.53%	-36.76%	-51.73%	-26.51%	4.45%
SBA Loans	-	2.67M	1.33M	-	-	-	-
SBA Loans Growth	-	-	-50.21%	-	-	-	-
Mortgage Banking and SBA Loans	11.04M	-	-	-	-	-	-
Mortgage Banking and SBA Loans Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Simmons First National Corporation (SFNC) has a price-to-earnings (P/E) ratio of 15.9x. This is roughly in line with market averages.

Growth & Financials

Simmons First National Corporation (SFNC) grew revenue by 7.8% over the past year. This is steady growth.

Simmons First National Corporation (SFNC) reported a net loss of $427.3M for fiscal year 2024.

Dividend & Returns

Yes, Simmons First National Corporation (SFNC) pays a dividend with a yield of 4.34%. This makes it attractive for income-focused investors.

Simmons First National Corporation (SFNC) has a return on equity (ROE) of 4.4%. This is below average, suggesting room for improvement.

Industry Metrics

Simmons First National Corporation (SFNC) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

Simmons First National Corporation (SFNC) has an efficiency ratio of 37.7%. This is excellent, indicating strong cost control.

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