Exhibit 99.1

 

July 16, 2026

Simmons First National Corporation Reports Second Quarter Results

 

FINANCIAL HIGHLIGHTS		2Q26				1Q26				2Q25				2Q26 Highlights
INCOME STATEMENT SUMMARY (in millions)														Comparisons reflect 2Q26 vs 1Q26 unless otherwise noted   • Net income of $66.7 million and diluted EPS of $0.46   • Adjusted net income1 of $72.2 million and adjusted diluted EPS1 of $0.50   • ROAA of 1.09% and ROE of 7.69%   • Adjusted ROAA1 of 1.17%; adjusted ROTCE1 of 14.37%   • Total revenue of $248.6 million and PPNR1 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 ratio1 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 revenue1			248.6				241.4				214.2
Pre-provision net revenue1 (PPNR)			100.8				100.7				75.6
Adjusted pre-provision net revenue1			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 income1			72.2				68.6				56.1
PER SHARE DATA
Diluted earnings		$	0.46			$	0.47			$	0.43
Adjusted diluted earnings1			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) ratio1			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 assets1			1.17				1.13				0.84
Return on average common equity			7.69				8.01				6.20
Return on average tangible common equity1			13.32				13.90				10.73
Adj. return on avg. tangible common equity1			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 ratio1			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.”

Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today 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 $0.43 for the second quarter of 2025. Adjusted earnings¹ for the second quarter of 2026 were $72.2 million, compared to $68.6 million for the first quarter of 2026 and $56.1 million for the second quarter of 2025. Adjusted diluted earnings per share¹ for the second quarter of 2026 were $0.50, compared to $0.47 for the first quarter of 2026 and $0.44 for the second quarter of 2025.

For the second quarter of 2026, return on average assets was 1.09 percent and return on average common equity was 7.69 percent. Adjusted return on average assets¹ was 1.17 percent and adjusted return on average tangible common equity¹ was 14.37 percent.

The table below summarizes the impact of certain items, consisting primarily of branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services. These items are also described in further detail in the “Reconciliation of Non-GAAP Financial Measures” tables contained in this press release.

Impact of Certain Items on Earnings and Diluted Earnings Per Share (EPS)

 

$ in millions, except per share data		2Q26				1Q26				2Q25
Net income		$	66.7			$	68.5			$	54.8
Branch/real estate rightsizing costs, net			6.1				0.6				0.2
Severance/early retirement program costs			1.3				0.3				1.6
FDIC deposit insurance special assessment			—				(2.0	)			—
Certain professional services			—				1.2				—
Total pre-tax impact			7.4				0.1				1.8
Tax effect			(1.9	)			—				(0.5	)
Total impact on earnings			5.5				0.1				1.3
Adjusted earnings1, 3		$	72.2			$	68.6			$	56.1
Diluted EPS		$	0.46			$	0.47			$	0.43
Branch/real estate rightsizing costs, net			0.04				—				—
Severance/early retirement program costs			0.01				—				0.01
FDIC deposit insurance special assessment			—				(0.01	)			—
Certain professional services			—				0.01				—
Total pre-tax impact			0.05				—				0.01
Tax effect			(0.01	)			—				—
Total impact on earnings			0.04				—				0.01
Adjusted Diluted EPS1		$	0.50			$	0.47			$	0.44

Net Interest Income

Net interest income for the second quarter of 2026 totaled $200.6 million, up $3.5 million, or 7 percent annualized, compared to $197.2 million for the first quarter of 2026 and up $28.8 million, or 17 percent, compared to $171.8 million for the second quarter of 2025. The increase in net interest income on a linked quarter basis was primarily due to a $5.9 million increase in interest income, driven by a $7.0 million increase in loan interest income, offset in part by a $2.4 million increase in interest expense. The increase in net interest income on a year-over-year basis was primarily due to a $36.1 million decrease in interest expense, which included a $30.8 million decrease in interest bearing deposit costs and a $5.3 million decrease in the cost of other interest bearing liabilities. The decrease in interest expense compared to the prior year quarter reflected a reduction in wholesale funding as a result of the balance sheet repositioning completed in the third quarter of 2025, as well as a lower interest rate environment.

Net interest margin for the second quarter of 2026 on a fully taxable equivalent (FTE) basis² was 3.84 percent, unchanged from first quarter 2026 levels and up 78 basis points compared to 3.06 percent for the second quarter of 2025. The increase in net interest margin on a year-over-year basis primarily reflected the balance sheet repositioning that was completed during the third quarter of 2025.

 

Select Yield/Rates		2Q26				1Q26				4Q25				3Q25				2Q25
Loan yield (FTE)2			6.15	%			6.16	%			6.23	%			6.31	%			6.26	%
Investment securities yield (FTE)2			4.26				4.25				4.30				4.01				3.48
Cost of interest bearing deposits			2.46				2.47				2.62				2.86				2.97
Cost of deposits			1.93				1.96				2.04				2.25				2.36
Net interest spread (FTE)2			3.26				3.27				3.18				2.86				2.41
Net interest margin (FTE)2			3.84				3.84				3.81				3.50				3.06

Noninterest Income

Noninterest income for the second quarter of 2026 was $47.9 million, compared to $44.2 million in the first quarter of 2026 and $42.4 million in the second quarter of 2025. The increase in noninterest income on a linked quarter basis was primarily due to an increase in swap fee income and a positive valuation adjustment on Small Business Investment Company (SBIC) investments in the second quarter of 2026, both of which are included in other income in the table below.

 

Noninterest Income $ in millions		2Q26				1Q26				4Q25				3Q25				2Q25
Service charges on deposit accounts		$	12.3			$	12.7			$	12.7			$	13.0			$	12.6
Wealth management fees			10.2				10.5				10.3				10.0				9.5
Debit and credit card fees			9.0				8.5				8.7				8.5				8.6
Mortgage lending income			2.0				1.9				2.2				2.3				1.7
Other service charges and fees			1.6				1.6				1.5				1.5				1.3
Bank owned life insurance			4.2				4.2				3.9				3.9				3.9
Gain (loss) on sale of securities			—				—				—				(801.5	)			—
Other income			8.6				4.8				12.4				6.1				4.8
Total noninterest income		$	47.9			$	44.2			$	51.7			$	(756.2	)		$	42.4
Adjusted noninterest income1		$	47.9			$	44.2			$	51.7			$	45.9			$	42.4

Noninterest Expense

Noninterest expense for the second quarter of 2026 was $147.7 million, compared to $140.7 million in the first quarter of 2026 and $138.6 million in the second quarter of 2025. Included in noninterest expense are certain items consisting of branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services. Collectively, these items totaled $7.4 million in the second quarter of 2026, $30 thousand in the first quarter of 2026 and $1.8 million in the second quarter of 2025. Excluding these items (which are described in the “Reconciliation of Non-GAAP Financial Measures” table below) adjusted noninterest expense¹ was $140.3 million in the second quarter of 2026, $140.6 million in the first quarter of 2026 and $136.8 million in the second quarter of 2025. The efficiency ratio for the second quarter of 2026 was 58.72 percent, compared to 57.56 percent for the first quarter of 2026 and 62.82 percent for the second quarter of 2025. The adjusted efficiency ratio¹ was 54.26 percent for the second quarter of 2026, compared to 56.16 percent for the first quarter of 2026 and 60.52 percent for the second quarter of 2025.

 

Noninterest Expense $ in millions		2Q26				1Q26				4Q25				3Q25				2Q25
Salaries and employee benefits		$	75.6			$	75.9			$	72.9			$	76.2			$	73.9
Occupancy expense, net			14.7				12.2				11.6				12.1				11.8
Furniture and equipment			5.7				5.4				5.3				5.3				5.5
Deposit insurance			4.5				2.3				4.7				5.2				4.9
Other real estate and foreclosure expense			0.7				0.3				0.4				0.2				0.2
Other operating expenses			46.6				44.5				44.8				43.0				42.3
Total noninterest expense		$	147.7			$	140.7			$	139.9			$	142.0			$	138.6

Adjusted salaries and employee benefits1		$	74.3			$	75.6			$	72.9			$	75.9			$	72.3
Adjusted other operating expenses1			44.2				43.1				44.0				41.5				42.5
Adjusted noninterest expense1			140.3				140.6				138.6				139.7				136.8
Efficiency ratio			58.72	%			57.56	%			55.52	%			(25.11	)%			62.82	%
Adjusted efficiency ratio1			54.26				56.16				53.64				57.72				60.52
Full-time equivalent employees			2,909				2,913				2,917				2,883				2,947
Number of financial centers			220				221				222				223				223

Loans and Unfunded Loan Commitments

Total loans at the end of the second quarter of 2026 were $18.1 billion, up $129.5 million, or 3 percent annualized, compared to $17.9 billion at the end of the first quarter of 2026, and up $951.3 million, or 6 percent, compared to $17.1 billion at the end of the second quarter of 2025. The increase in total loans on a linked quarter basis was driven by increases in agricultural, commercial real estate and consumer and other portfolios, offset in part by a decrease in real estate construction. Unfunded loan commitments at the end of the second quarter of 2026 were $4.4 billion, compared to $4.1 billion at the end of the first quarter of 2026 and $3.9 billion at the end of the second quarter of 2025. The commercial loan pipeline totaled $1.4 billion at the end of the second quarter of 2026, and ready-to-close commercial loans totaled $374 million with a weighted average rate of 6.73 percent.

 

Loans and Unfunded Loan Commitments $ in millions		2Q26				1Q26				4Q25				3Q25				2Q25
Total loans		$	18,062			$	17,933			$	17,492			$	17,189			$	17,111
Unfunded loan commitments			4,384				4,068				3,871				3,955				3,947

Deposits and Other Borrowings

Total deposits at the end of the second quarter of 2026 were $19.7 billion, compared to $20.2 billion at the end of the first quarter of 2026 and $21.8 billion at the end of the second quarter of 2025. Noninterest bearing deposits totaled $4.4 billion at the end of the second quarter of 2026, up $60.8 million, or 6 percent annualized, compared to $4.3 billion at the end of the first quarter of 2026. Interest bearing deposits at the end of the second quarter of 2026 totaled $15.4 billion, compared to $15.9 billion at the end of the first quarter of 2026 and $17.4 billion at the end of the second quarter of 2025. The decrease in interest bearing deposits on a linked quarter basis was driven by lower levels of interest bearing transaction accounts and savings accounts, and time deposits, coupled with a reduction in the utilization of brokered deposits given pricing relative to FHLB advances. The decrease in total deposits on a year-over-year basis primarily reflects a reduction of higher rate, non-relationship wholesale and public fund deposits as part of the balance sheet repositioning completed during the third quarter of 2025.

Other borrowings at the end of the second quarter of 2026 were $941.3 million, compared to $446.8 million at the end of the first quarter of 2026 and $634.3 million at the end of the second quarter of 2025. The increase in other borrowings on a linked quarter basis reflected increased utilization of short-term FHLB advances given favorable pricing.

 

Deposits $ in millions		2Q26				1Q26				4Q25				3Q25				2Q25
Noninterest bearing deposits		$	4,350			$	4,290			$	4,330			$	4,377			$	4,468
Interest bearing transaction accounts			10,332				10,667				10,453				10,289				10,532
Time deposits			3,233				3,334				3,508				3,331				3,588
Brokered deposits			1,813				1,912				1,893				1,841				3,237
Total deposits		$	19,728			$	20,203			$	20,184			$	19,838			$	21,825
Noninterest bearing deposits to total deposits			22	%			21	%			21	%			22	%			20	%
Total loans to total deposits			92				89				87				87				78

Asset Quality

Provision for credit losses on loans totaled $17.4 million for the second quarter of 2026, compared to $14.6 million in the first quarter of 2026 and $11.9 million in the second quarter of 2025. Net charge-offs as a percentage of average loans for the second quarter of 2026 were 20 basis points, compared to 21 basis points in the first quarter of 2026 and 25 basis points in the second quarter of 2025. Provision for credit losses on loans exceeded net charge-offs by $8.3 million during the second quarter of 2026. The allowance for credit losses on loans at the end of the second quarter of 2026 was $238.2 million, compared to $229.9 million at the end of the first quarter of 2026 and $253.5 million at the end of the second quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the second quarter of 2026 was 1.32 percent, compared to 1.28 percent at the end of the first quarter of 2026 and 1.48 percent at the end of the second quarter of 2025.

Loans past due 30-89 days as a percentage of total loans were 29 basis points at the end of the second quarter of 2026, compared to 51 basis points at the end of the first quarter of 2026 and 17 basis points at the end of the second quarter of 2025. Total nonperforming loans at the end of the second quarter of 2026 totaled $166.0 million, compared to $141.9 million at the end of the first quarter of 2026 and $157.2 million at the end of the second quarter of 2025. The increase in nonperforming loans on a linked quarter basis primarily reflected further migration of the remaining portion of a single 1-4 family real estate construction relationship previously disclosed in the first quarter of 2026. The nonperforming loan coverage ratio ended the second quarter of 2026 at 143 percent, compared to 162 percent at the end of the first quarter of 2026 and 161 percent at the end of the second quarter of 2025. Total nonperforming assets as a percentage of total assets were 72 basis points at the end of the second quarter of 2026, compared to 63 basis points at the end of the first quarter of 2026 and 62 basis points at the end of the second quarter of 2025.

 

Asset Quality $ in millions		2Q26				1Q26				4Q25				3Q25				2Q25
Allowance for credit losses on loans to total loans			1.32	%			1.28	%			1.28	%			1.50	%			1.48	%
Allowance for credit losses on loans to nonperforming loans			143				162				199				168				161
Nonperforming loans to total loans			0.92				0.79				0.64				0.90				0.92
Net charge-off ratio (annualized)			0.20				0.21				1.12				0.25				0.25
Net charge-off ratio YTD (annualized)			0.21				0.21				0.47				0.24				0.24
Loans past due 30-89 days to total loans			0.29				0.51				0.27				0.11				0.17
Total nonperforming loans		$	166.1			$	141.9			$	112.7			$	153.9			$	157.2
Total other nonperforming assets			11.1				12.6				12.4				6.8				9.5
Total nonperforming assets		$	177.2			$	154.5			$	125.1			$	160.7			$	166.7
Reserve for unfunded commitments		$	25.6			$	25.6			$	25.6			$	25.6			$	25.6

Capital

Total stockholders’ equity at the end of the second quarter of 2026 was $3.5 billion, compared to $3.4 billion at the end of the first quarter of 2026 and $3.5 billion at the end of the second quarter of 2025. Book value per share at the end of the second quarter of 2026 was $24.11, compared to $23.70 at the end of the first quarter of 2026 and $28.17 at the end of the second quarter of 2025. Tangible book value per share¹ at the end of the second quarter of 2026 was $14.42, compared to $14.03 at the end of the first quarter of 2026 and $16.97 at the end of the second quarter of 2025. The increase in book value per share and tangible book value per share on a linked quarter basis was primarily due to a $35.6 million increase in undivided profits. The year-over-year decline in book value per share and tangible book value per share was primarily due to the balance sheet repositioning completed in the third quarter of 2025.

Total stockholders’ equity as a percentage of total assets at the end of the second quarter of 2026 was 14.1 percent, compared to 13.9 percent at the end of first quarter of 2026 and 13.3 percent at the end of the second quarter of 2025. Tangible common equity as a percentage of tangible assets¹ was 8.9 percent at the end of the second quarter of 2026, compared to 8.7 percent at the end of the first quarter of 2026 and 8.5 percent at the end of the second quarter of 2025. Both Simmons and its principal subsidiary, Simmons Bank, continue to maintain regulatory capital ratios significantly above “well-capitalized” regulatory guidelines.

 

Select Capital Ratios		2Q26				1Q26				4Q25				3Q25				2Q25
Stockholders’ equity to total assets			14.1	%			13.9	%			13.9	%			13.9	%			13.3	%
Tangible common equity to tangible assets1			8.9				8.7				8.7				8.5				8.5
Common equity tier 1 (CET1) ratio			11.6				11.6				11.6				11.5				12.4
Tier 1 leverage ratio			10.2				10.1				10.1				9.6				10.0
Tier 1 risk-based capital ratio			11.6				11.6				11.6				11.5				12.4
Total risk-based capital ratio			14.4				14.4				14.4				15.1				14.4

Share Repurchase Program

During the second quarter of 2026, Simmons repurchased approximately 0.7 million shares of its Class A common stock at an average price of $21.52 under its 2026 stock repurchase program (2026 Program). Remaining authorization under the 2026 Program as of June 30, 2026, was approximately $161 million. The timing, pricing and amount of any repurchases under the 2026 Program will be determined by Simmons’ management at its discretion based on a variety of factors, including, but not limited to, market conditions, trading volume and market price of Simmons’ common stock, Simmons’ capital needs, Simmons’ working capital and investment requirements, other corporate considerations, economic conditions, and legal requirements. The 2026 Program does not obligate Simmons to repurchase any common stock and may be modified, discontinued or suspended at any time without prior notice.

(1)	Non-GAAP measurement. See “Non-GAAP Financial Measures” and “Reconciliation of Non-GAAP Financial Measures” below

(2)	FTE – fully taxable equivalent basis using an effective tax rate of 26.135%

(3)	In this press release, “Adjusted Earnings” may also be referred to as “Adjusted Net Income”

Conference Call

Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, July 17, 2026. Interested parties can listen to this call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10210202. In addition, the call will be available live or in recorded version on Simmons’ website at simmonsbank.com for at least 60 days following the date of the call.

Simmons First National Corporation

Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America’s Best Regional Banks and Credit Unions 2026 and by Forbes as one of America’s Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America’s Greatest Workplaces 2025 in Arkansas and one of America’s Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, noninterest income, and noninterest expense certain income and expense items attributable to, for example, branch/real estate rightsizing costs, severance/early retirement program costs, FDIC deposit insurance special assessment and certain professional services.

In addition, the Company also presents certain figures based on tangible common stockholders’ equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, or gains and/or losses on the sale of securities. The Company’s management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company’s ongoing operations without the effect of mergers or other items not central to the Company’s ongoing business, as well as normalize for tax effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company’s ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.

Forward-Looking Statements

Certain statements in this press release may not be based on historical facts and should be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, without limitation, statements made in Mr. Brogdon’s quote, may be identified by reference to future periods or by the use of forward-looking terminology, such as “believe,” “budget,” “expect,” “foresee,” “anticipate,” “intend,” “indicate,” “target,” “estimate,” “plan,” “project,” “continue,” “contemplate,” “positions,” “prospects,” “predict,” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could,” “might” or “may,” or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons’ future growth, business strategies, lending capacity and lending activity, loan demand, revenue, assets, asset quality, profitability, dividends, net interest margin, non-interest revenue, share repurchase program, acquisition strategy, digital banking initiatives, the Company’s ability to recruit and retain key employees, the adequacy of the allowance for credit losses, future economic conditions and interest rates, and the adequacy of reserve levels for loans. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, changes in credit quality, changes in interest rates and related governmental policies, the effects of a government shutdown, changes in loan demand, changes in deposit flows, changes in real estate values, changes in the assumptions used in making the forward-looking statements, changes in the securities markets generally or the price of Simmons’ common stock specifically, changes in information technology affecting the financial industry, and changes in customer behaviors, including consumer spending, borrowing, and saving habits; changes in tariff policies; general economic and market conditions; changes in governmental administrations; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts in the Middle East and between Russia and Ukraine) or other major events, or the prospect of these events; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased inflation; the loss of key employees; increased competition in the markets in which the Company operates and from non-bank financial institutions; increased unemployment; labor shortages; claims, damages, and fines related to litigation or government actions; changes in accounting principles relating to loan loss recognition (current expected credit losses); fraud that results in material losses or that the Company has not discovered yet that may result in material losses; the Company’s ability to manage and successfully integrate its mergers and acquisitions and to fully realize cost savings and other benefits associated with acquisitions; increased delinquency and foreclosure rates on commercial real estate loans; significant increases in nonaccrual loan balances; cyber or other information technology threats, attacks or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats; reliance on third parties for key services; government legislation; and other factors, many of which are beyond the control of the Company, could cause actual results to differ materially from those projected in or contemplated by the forward-looking statements. In addition, there can be no guarantee that the board of directors (Board) of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Additional information on factors that might affect the Company’s financial results is included in the Company’s Form 10-K for the year ended December 31, 2025, the Company’s Form 10-Q for the quarter ended March 31, 2026, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov.

FOR MORE INFORMATION CONTACT:

Ed Bilek, EVP, Director of Investor and Media Relations

ed.bilek@simmonsbank.com

205.612.3378 (cell)

Simmons First National Corporation		SFNC
Consolidated End of Period Balance Sheets For the Quarters Ended (Unaudited)

 

		Jun 30 2026				Mar 31 2026				Dec 31 2025				Sep 30 2025				Jun 30 2025
($ in thousands)
ASSETS
Cash and noninterest bearing balances due from banks		$	377,602			$	342,603			$	380,439			$	377,604			$	398,081
Interest bearing balances due from banks and federal funds sold			211,882				205,880				331,474				266,013				246,381
Cash and cash equivalents			589,484				548,483				711,913				643,617				644,462
Interest bearing balances due from banks - time			100				100				100				100				100
Investment securities - held-to-maturity			—				—				—				—				3,591,531
Investment securities - available-for-sale			3,077,181				3,152,286				3,266,221				3,319,277				2,405,320
Mortgage loans held for sale			16,450				14,311				17,438				15,507				16,972
Assets held in trading accounts			14,541				14,543				11,685				12,695				—
Loans:
Loans			18,062,369				17,932,883				17,492,179				17,188,817				17,111,096
Allowance for credit losses on loans			(238,227	)			(229,908	)			(224,377	)			(258,006	)			(253,537	)
Net loans			17,824,142				17,702,975				17,267,802				16,930,811				16,857,559
Premises and equipment			552,435				557,873				561,220				568,343				573,160
Foreclosed assets and other real estate owned			11,080				12,475				12,009				6,386				8,794
Interest receivable			103,016				101,557				104,062				104,383				120,443
Bank owned life insurance			545,252				542,486				540,001				539,372				535,481
Goodwill			1,320,799				1,320,799				1,320,799				1,320,799				1,320,799
Other intangible assets			78,228				81,325				84,423				87,520				90,617
Other assets			644,108				643,570				643,204				659,352				528,382
Total assets		$	24,776,816			$	24,692,783			$	24,540,877			$	24,208,162			$	26,693,620
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest bearing transaction accounts		$	4,350,474			$	4,289,697			$	4,330,211			$	4,377,232			$	4,468,237
Interest bearing transaction accounts and savings deposits			11,133,265				11,311,979				11,141,169				10,932,914				11,176,791
Time deposits			4,244,371				4,601,107				4,712,658				4,527,587				6,179,962
Total deposits			19,728,110				20,202,783				20,184,038				19,837,733				21,824,990
Federal funds purchased and securities sold under agreements to repurchase			46,216				8,708				21,383				22,348				31,306
Other borrowings			941,256				446,756				302,253				18,832				634,349
Subordinated notes and debentures			312,028				315,700				317,714				648,976				366,369
Accrued interest and other liabilities			267,347				281,102				296,249				326,310				287,396
Total liabilities			21,294,957				21,255,049				21,121,637				20,854,199				23,144,410
Stockholders’ equity:
Common stock			1,444				1,451				1,448				1,447				1,260
Surplus			2,837,845				2,848,952				2,846,581				2,848,977				2,518,286
Undivided profits			937,307				901,696				864,341				817,022				1,410,564
Accumulated other comprehensive (loss) income			(294,737	)			(314,365	)			(293,130	)			(313,483	)			(380,900	)
Total stockholders’ equity			3,481,859				3,437,734				3,419,240				3,353,963				3,549,210
Total liabilities and stockholders’ equity		$	24,776,816			$	24,692,783			$	24,540,877			$	24,208,162			$	26,693,620

 

Page 1

Simmons First National Corporation		SFNC
Consolidated Statements of Income - Quarter-to-Date
For the Quarters Ended (Unaudited)

 

		Jun 30 2026				Mar 31 2026				Dec 31 2025				Sep 30 2025				Jun 30 2025
($ in thousands, except per share data)
INTEREST INCOME
Loans (including fees)		$	274,271			$	267,287			$	270,868			$	269,210			$	265,373
Interest bearing balances due from banks and federal funds sold			2,058				2,320				2,485				6,421				2,531
Investment securities			31,013				31,882				33,833				37,464				46,898
Mortgage loans held for sale			202				203				227				229				221
Assets held in trading accounts			136				122				118				99				—
TOTAL INTEREST INCOME			307,680				301,814				307,531				313,423				315,023
INTEREST EXPENSE
Time deposits			36,996				39,949				41,989				49,064				57,231
Other deposits			58,536				57,653				60,516				67,546				69,108
Federal funds purchased and securities			—
sold under agreements to repurchase			426				36				57				72				59
Other borrowings			5,873				1,746				2,138				2,957				10,613
Subordinated notes and debentures			5,222				5,262				5,535				7,123				6,188
TOTAL INTEREST EXPENSE			107,053				104,646				110,235				126,762				143,199
NET INTEREST INCOME			200,627				197,168				197,296				186,661				171,824
PROVISION FOR CREDIT LOSSES
Provision for credit losses on loans			17,434				14,622				15,116				15,180				11,945
Provision for credit losses on investment securities - HTM			—				—				—				(3,214	)			—
TOTAL PROVISION FOR CREDIT LOSSES			17,434				14,622				15,116				11,966				11,945
NET INTEREST INCOME AFTER PROVISION
FOR CREDIT LOSSES			183,193				182,546				182,180				174,695				159,879
NONINTEREST INCOME
Service charges on deposit accounts			12,329				12,656				12,669				13,045				12,588
Debit and credit card fees			9,008				8,503				8,660				8,478				8,567
Wealth management fees			10,240				10,533				10,337				9,965				9,464
Mortgage lending income			1,994				1,854				2,232				2,259				1,687
Bank owned life insurance income			4,218				4,218				3,942				3,943				3,890
Other service charges and fees (includes insurance income)			1,551				1,606				1,503				1,474				1,321
Gain (loss) on sale of securities			—				—				—				(801,492	)			—
Other income			8,599				4,827				12,365				6,141				4,837
TOTAL NONINTEREST INCOME			47,939				44,197				51,708				(756,187	)			42,354
NONINTEREST EXPENSE
Salaries and employee benefits			75,590				75,885				72,924				76,249				73,862
Occupancy expense, net			14,715				12,218				11,636				12,106				11,844
Furniture and equipment expense			5,739				5,423				5,304				5,275				5,474
Other real estate and foreclosure expense			695				315				432				200				216
Deposit insurance			4,450				2,295				4,736				5,175				4,917
Other operating expenses			46,550				44,537				44,830				43,027				42,276
TOTAL NONINTEREST EXPENSE			147,739				140,673				139,862				142,032				138,589
NET INCOME (LOSS) BEFORE INCOME TAXES			83,393				86,070				94,026				(723,524	)			63,644
Provision for income taxes			16,702				17,526				15,948				(160,732	)			8,871
NET INCOME (LOSS)		$	66,691			$	68,544			$	78,078			$	(562,792	)		$	54,773
BASIC EARNINGS PER SHARE		$	0.46			$	0.47			$	0.54			$	(4.01	)		$	0.43
DILUTED EARNINGS PER SHARE		$	0.46			$	0.47			$	0.54			$	(4.00	)		$	0.43

 

Page 2

Simmons First National Corporation		SFNC
Consolidated Risk-Based Capital
For the Quarters Ended (Unaudited)

 

		Jun 30 2026				Mar 31 2026				Dec 31 2025				Sep 30 2025				Jun 30 2025
($ in thousands)
Tier 1 capital
Stockholders’ equity		$	3,481,859			$	3,437,734			$	3,419,240			$	3,353,963			$	3,549,210
Disallowed intangible assets, net of deferred tax			(1,367,717	)			(1,370,562	)			(1,374,839	)			(1,376,255	)			(1,379,104	)
Unrealized loss (gain) on AFS securities			294,737				314,365				293,130				313,483				380,900
Total Tier 1 capital			2,408,879				2,381,537				2,337,531				2,291,191				2,551,006
Tier 2 capital
Subordinated notes and debentures			312,028				315,700				317,714				648,976				366,369
Subordinated debt phase out			—				—				—				(198,000	)			(198,000	)
Qualifying allowance for loan losses and reserve for unfunded commitments			259,693				255,537				250,006				248,710				258,079
Total Tier 2 capital			571,721				571,237				567,720				699,686				426,448
Total risk-based capital		$	2,980,600			$	2,952,774			$	2,905,251			$	2,990,877			$	2,977,454
Risk weighted assets		$	20,771,268			$	20,565,445			$	20,106,493			$	19,861,879			$	20,646,324
Adjusted average assets for leverage ratio		$	23,617,439			$	23,487,513			$	23,224,638			$	23,963,356			$	25,606,135
Ratios at end of quarter
Equity to assets			14.05	%			13.92	%			13.93	%			13.85	%			13.30	%
Tangible common equity to tangible assets (1)			8.91	%			8.74	%			8.71	%			8.53	%			8.46	%
Common equity Tier 1 ratio (CET1)			11.60	%			11.58	%			11.63	%			11.54	%			12.36	%
Tier 1 leverage ratio			10.20	%			10.14	%			10.06	%			9.56	%			9.96	%
Tier 1 risk-based capital ratio			11.60	%			11.58	%			11.63	%			11.54	%			12.36	%
Total risk-based capital ratio			14.35	%			14.36	%			14.45	%			15.07	%			14.42	%

 

(1)	Calculations of tangible common equity to tangible assets and the reconciliations to GAAP are included in the schedules accompanying this release.

 

Page 3

Simmons First National Corporation		SFNC
Consolidated Investment Securities
For the Quarters Ended
(Unaudited)

 

		Jun 30 2026				Mar 31 2026				Dec 31 2025				Sep 30 2025				Jun 30 2025
($ in thousands)
Investment Securities - End of Period
Held-to-Maturity
U.S. Government agencies		$	—			$	—			$	—			$	—			$	457,228
Mortgage-backed securities			—				—				—				—				1,024,313
State and political subdivisions			—				—				—				—				1,855,614
Other securities			—				—				—				—				254,376
Total held-to-maturity (net of credit losses)			—				—				—				—				3,591,531
Available-for-Sale
U.S. Treasury		$	—			$	—			$	—			$	—			$	400
U.S. Government agencies			44,425				46,329				47,172				48,355				49,498
Mortgage-backed securities			2,061,760				2,128,732				2,201,958				2,249,593				1,349,991
State and political subdivisions			865,467				838,880				859,071				845,371				807,842
Other securities			105,529				138,345				158,020				175,958				197,589
Total available-for-sale (net of credit losses)			3,077,181				3,152,286				3,266,221				3,319,277				2,405,320
Total investment securities (net of credit losses)		$	3,077,181			$	3,152,286			$	3,266,221			$	3,319,277			$	5,996,851
Fair value - HTM investment securities		$	—			$	—			$	—			$	—			$	2,891,974

 

Page 4

Simmons First National Corporation		SFNC
Consolidated Loans For the Quarters Ended (Unaudited)

 

		Jun 30 2026				Mar 31 2026				Dec 31 2025				Sep 30 2025				Jun 30 2025
($ in thousands)
Loan Portfolio - End of Period
Consumer:
Credit cards		$	174,148			$	172,610			$	175,760			$	173,020			$	176,166
Other consumer			99,117				96,387				115,472				112,335				123,831
Total consumer			273,265				268,997				291,232				285,355				299,997
Real Estate:
Construction			2,577,630				2,621,859				2,873,807				2,874,823				2,784,578
Single-family residential			2,564,282				2,566,162				2,607,450				2,617,849				2,625,717
Other commercial real estate			8,828,771				8,764,648				8,289,968				7,875,649				7,961,412
Total real estate			13,970,683				13,952,669				13,771,225				13,368,321				13,371,707
Commercial:
Commercial			2,516,607				2,521,440				2,382,339				2,397,388				2,440,507
Agricultural			426,522				333,508				306,300				353,181				333,078
Total commercial			2,943,129				2,854,948				2,688,639				2,750,569				2,773,585
Other			875,292				856,269				741,083				784,572				665,807
Total loans		$	18,062,369			$	17,932,883			$	17,492,179			$	17,188,817			$	17,111,096

 

Page 5