Exhibit 99.1

 

October 15, 2026

Simmons First National Corporation Reports Third Quarter Results

 

FINANCIAL HIGHLIGHTS		3Q26				2Q26				3Q25				3Q26 Highlights
INCOME STATEMENT SUMMARY (in millions)														Comparisons reflect 3Q26 vs 2Q26 unless otherwise noted   • Net income of $47.1 million and diluted EPS of $0.32   • Adjusted net income1 of $79.0 million and adjusted diluted EPS1 of $0.54   • ROAA of 0.77% and ROE of 5.37%   • Adjusted ROAA1 of 1.29%; adjusted ROTCE1 of 15.50%   • Total revenue of $251.2 million and PPNR1 of $69.1 million   • Adjusted total revenue1 of $251.2 million and adjusted PPNR1 of $112.3 million   • Net interest margin up 8 bps to 3.92%   • Loan yields up 5 bps and cost of deposits down 8 bps to 1.85%   • Efficiency ratio of 71.59%; adjusted efficiency ratio1 of 53.31%   • Provision expense exceeded net charge-offs by $14.1 million for the first nine months of 2026   • NCO ratio at 27 bps for 3Q26; ACL at 1.37%
Total revenue		$	251.2			$	248.6			$	(569.5	)
Adjusted total revenue1			251.2				248.6				232.5
Pre-provision net revenue1 (PPNR)			69.1				100.8				(711.6	)
Adjusted pre-provision net revenue1			112.3				108.2				92.8
Provision for credit losses			12.2				17.4				12.0
Net income (loss)			47.1				66.7				(562.8	)
Adjusted net income1			79.0				72.2				64.9
PER SHARE DATA
Diluted earnings		$	0.32			$	0.46			$	(4.00	)
Adjusted diluted earnings1			0.54				0.50				0.46
Cash dividend declared			0.2150				0.2150				0.2125
BALANCE SHEET (in millions)
Total loans		$	17,465			$	18,062			$	17,189
Total deposits			18,616				19,728				19,838
Total assets			24,074				24,777				24,208
Total shareholders’ equity			3,350				3,482				3,354
ASSET QUALITY
Net charge-off ratio (NCO ratio)			0.27	%			0.20	%			0.25	%
Allowance for credit losses to loans (ACL)			1.37				1.32				1.50
CAPITAL RATIOS
Equity to assets (EA) ratio			13.91	%			14.05	%			13.85	%
Tangible common equity (TCE) ratio1			8.62				8.91				8.53
Common equity tier 1 (CET1) ratio			12.05				11.60				11.54
Total risk-based capital ratio			14.80				14.35				15.07
OTHER RATIOS
Return on average assets (ROAA)			0.77	%			1.09	%			(8.96	)%
Adjusted ROAA1			1.29				1.17				1.03
Return on average common equity (ROE)			5.37				7.69				(66.29	)
Return on average tangible common equity1 (ROTCE)			9.42				13.32				(113.56	)
Adjusted ROTCE1			15.50				14.37				13.62
Net interest margin (FTE)2			3.92				3.84				3.50
Efficiency ratio			71.59				58.72				(25.11	)
Adjusted efficiency ratio1			53.31				54.26				57.72

Jay Brogdon, Simmons’ President and CEO, commented on third quarter 2026 results:

“The third quarter showcased our commitment to delivering sustainable long-term value through focused execution of several strategic initiatives designed to improve profitability and further optimize our balance sheet. We continue to achieve reductions in noninterest expenses as well as back-book loans and deposits with low relationship value. Combined with disciplined loan and deposit pricing, these initiatives drove net interest margin expansion of 8 basis points to 3.92%, and drove meaningful improvements in our adjusted ROAA and adjusted ROTCE performance.

Credit quality metrics remained relatively stable during the quarter, as we actively manage legacy credits and pursue early identification of potential problems. We continue strengthening reserves to buffer our already strong capital levels.

As we look to the fourth quarter and beyond, we will remain relentless in our commitment to the principles of generating sound and profitable growth. By simplifying and focusing our business, we have gained efficiencies that will more than fund ongoing investments that support high-value organic growth. We plan to further outline our strategic objectives and future financial targets at our upcoming Investor Day in December.”

Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $47.1 million for the third quarter of 2026, compared to net income of $66.7 million for the second quarter of 2026 and a net loss of $562.8 million in the third quarter of 2025. Diluted earnings per share were $0.32 for the third quarter of 2026, compared to $0.46 for the second quarter of 2026 and $(4.00) for the third quarter of 2025. Adjusted earnings¹ for the third quarter of 2026 were $79.0 million, compared to $72.2 million for the second quarter of 2026 and $64.9 million for the third quarter of 2025. Adjusted diluted earnings per share¹ for the third quarter of 2026 were $0.54, compared to $0.50 for the second quarter of 2026 and $0.46 for the third quarter of 2025.

For the third quarter of 2026, return on average assets was 0.77 percent and return on average common equity was 5.37 percent. Adjusted return on average assets¹ was 1.29 percent and adjusted return on average tangible common equity¹ was 15.50 percent.

The table below summarizes the impact of certain items, consisting primarily of branch/real estate rightsizing costs, severance/early retirement program costs, certain professional services, accelerated prepaid expenses, loss on sale of securities and loss on early extinguishment of debt. 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		3Q26				2Q26				3Q25
Net income (loss)		$	47.1			$	66.7			$	(562.8	)
Branch/real estate rightsizing costs, net			14.2				6.1				2.0
Severance/early retirement program costs			6.0				1.3				0.3
Certain professional services			17.1				—				—
Accelerated prepaid expenses			5.9				—				—
Loss on sale of securities			—				—				801.5
Loss on early extinguishment of debt			—				—				0.6
Total pre-tax impact			43.2				7.4				804.4
Tax effect			(11.3	)			(1.9	)			(176.7	)
Total impact on earnings			31.9				5.5				627.7
Adjusted earnings1, 3		$	79.0			$	72.2			$	64.9
Diluted EPS		$	0.32			$	0.46			$	(4.00	)
Branch/real estate rightsizing costs, net			0.10				0.04				0.01
Severance/early retirement program costs			0.04				0.01				—
Certain professional services			0.12				—				—
Accelerated prepaid expenses			0.04				—				—
Loss on sale of securities			—				—				5.70
Loss on early extinguishment of debt			—				—				—
Total pre-tax impact			0.30				0.05				5.71
Tax effect			(0.08	)			(0.01	)			(1.25	)
Total impact on earnings			0.22				0.04				4.46
Adjusted Diluted EPS1		$	0.54			$	0.50			$	0.46

Net Interest Income

Net interest income for the third quarter of 2026 totaled $204.0 million, up $3.3 million, or 7 percent annualized, compared to $200.6 million for the second quarter of 2026 and up $17.3 million, or 9 percent, compared to $186.7 million for the third quarter of 2025. The increase in net interest income on a linked quarter basis was due to a $1.4 million increase in interest income, coupled with a $2.0 million decrease in interest expense. These changes were primarily driven by loan yields increasing as lower fixed rate loan back book repriced higher, continued optimization of funding costs, including lower customer deposit costs and utilization of FHLB advances as an alternative to higher rate brokered deposits, and one extra day in the quarter. The increase in net interest income on a year-over-year basis was primarily due to a full quarter impact of balance sheet repositioning completed in the third quarter of 2025, along with the previously mentioned lower fixed rate loan back book repricing and optimization of funding cost.

Net interest margin for the third quarter of 2026 on a fully taxable equivalent (FTE) basis² was 3.92 percent, up 8 basis points compared to 3.84 percent for the second quarter of 2026 and up 42 basis points compared to 3.50 percent for the third quarter of 2025. The increase in net interest margin on a linked quarter basis reflected an increase in loan yields, coupled with the deleveraging of the balance sheet driven by the run-off of certain lower yielding, low relationship credits and a corresponding reduction of higher cost funding. The increase in the net interest margin on a year-over-year basis primarily reflected the full impact of the balance sheet repositioning that was completed during the third quarter of 2025 and previously mentioned optimization of loan yields and funding cost.

 

Select Yield/Rates		3Q26				2Q26				1Q26				4Q25				3Q25
Loan yield (FTE)2			6.20	%			6.15	%			6.16	%			6.23	%			6.31	%
Investment securities yield (FTE)2			4.33				4.26				4.25				4.30				4.01
Cost of interest bearing deposits			2.39				2.46				2.47				2.62				2.86
Cost of deposits			1.85				1.93				1.96				2.04				2.25
Net interest spread (FTE)2			3.35				3.26				3.27				3.18				2.86
Net interest margin (FTE)2			3.92				3.84				3.84				3.81				3.50

Noninterest Income

Noninterest income for the third quarter of 2026 was $47.2 million, compared to $47.9 million in the second quarter of 2026 and $(756.2) million in the third quarter of 2025. Included in noninterest income in the third quarter of 2025 was a loss on the sale of securities totaling $801.5 million in connection with the balance sheet repositioning. Adjusted noninterest income¹ for the third quarter of 2025 was $45.9 million. The decrease in noninterest income on a linked quarter basis was primarily due to a decrease in swap fee income and a higher 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. These decreases more than offset a $1.3 million increase in service charges on deposit accounts and a $1.2 million increase in wealth management services.

 

Noninterest Income $ in millions		3Q26				2Q26				1Q26				4Q25				3Q25
Service charges on deposit accounts		$	13.6			$	12.3			$	12.7			$	12.7			$	13.0
Wealth management services			11.4				10.2				10.5				10.3				10.0
Debit and credit card services			8.7				9.0				8.5				8.7				8.5
Mortgage lending income			1.7				2.0				1.9				2.2				2.3
Other service charges and fees			1.5				1.6				1.6				1.5				1.5
Bank owned life insurance			4.2				4.2				4.2				3.9				3.9
Gain (loss) on sale of securities			—				—				—				—				(801.5	)
Other income			6.0				8.6				4.8				12.4				6.1
Total noninterest income		$	47.2			$	47.9			$	44.2			$	51.7			$	(756.2	)
Adjusted noninterest income1		$	47.2			$	47.9			$	44.2			$	51.7			$	45.9

Noninterest Expense

Noninterest expense for the third quarter of 2026 was $182.0 million, compared to $147.7 million in the second quarter of 2026 and $142.0 million in the third quarter of 2025. Included in noninterest expense are certain items consisting of branch/real estate rightsizing costs, severance/early retirement program costs, certain professional services, accelerated prepaid expenses and loss on early extinguishment of debt. Collectively, these items totaled $43.1 million in the third quarter of 2026, $7.4 million in the second quarter of 2026 and $2.3 million in the third quarter of 2025. Excluding these items (which are described in the “Reconciliation of Non-GAAP Financial Measures” table below) adjusted noninterest expense¹ was $138.9 million in the third quarter of 2026, $140.3 million in the second quarter of 2026 and $139.7 million in the third quarter of 2025. The efficiency ratio for the third quarter of 2026 was 71.59 percent, compared to 58.72 percent for the second quarter of 2026 and (25.11) percent for the third quarter of 2025. The adjusted efficiency ratio¹ was 53.31 percent for the third quarter of 2026, compared to 54.26 percent for the second quarter of 2026 and 57.72 percent for the third quarter of 2025.

Noninterest Expense $ in millions		3Q26				2Q26				1Q26				4Q25				3Q25
Salaries and employee benefits		$	78.1			$	75.6			$	75.9			$	72.9			$	76.2
Occupancy expense, net			11.7				14.7				12.2				11.6				12.1
Furniture and equipment			5.4				5.7				5.4				5.3				5.3
Deposit insurance			4.5				4.5				2.3				4.7				5.2
Other real estate and foreclosure expense			0.2				0.7				0.3				0.4				0.2
Other operating expenses			82.1				46.6				44.5				44.8				43.0
Total noninterest expense		$	182.0			$	147.7			$	140.7			$	139.9			$	142.0
Adjusted salaries and employee benefits1		$	72.1			$	74.3			$	75.6			$	72.9			$	75.9
Adjusted other operating expenses1			45.0				44.2				43.1				44.0				41.5
Adjusted noninterest expense1			138.9				140.3				140.6				138.6				139.7
Efficiency ratio			71.59	%			58.72	%			57.56	%			55.52	%			(25.11	)%
Adjusted efficiency ratio1			53.31				54.26				56.16				53.64				57.72
Full-time equivalent employees			2,712				2,909				2,913				2,917				2,883
Number of financial centers			220				220				221				222				223

Loans and Unfunded Loan Commitments

Total loans at the end of the third quarter of 2026 were $17.5 billion, compared to $18.1 billion at the end of the second quarter of 2026 and $17.2 billion at the end of the third quarter of 2025. The decrease in total loans on a linked quarter basis reflected higher levels of paydowns, early payoffs, and continued focus on profitability and relationship banking as we deleveraged the balance sheet through the run-off of certain lower yielding, low relationship credits. Unfunded commitments at the end of the third quarter of 2026 were $4.4 billion, relatively unchanged from second quarter 2026 levels and up from $4.0 billion at the end of the third quarter of 2025. The commercial loan pipeline totaled $1.3 billion at the end of the third quarter of 2026, and ready-to-close commercial loans totaled $455 million with a weighted average rate of 6.78 percent.

 

Loans and Unfunded Loan Commitments $ in millions		3Q26				2Q26				1Q26				4Q25				3Q25
Total loans		$	17,465			$	18,062			$	17,933			$	17,492			$	17,189
Unfunded loan commitments			4,356				4,384				4,068				3,871				3,955

Deposits and Other Borrowings

Total deposits at the end of the third quarter of 2026 were $18.6 billion, compared to $19.7 billion at the end of the second quarter of 2026 and $19.8 billion at the end of the third quarter of 2025. Noninterest bearing deposits totaled $4.3 billion at the end of the third quarter of 2026, compared to $4.4 billion at the end of both the second quarter of 2026 and the third quarter of 2025. Interest bearing deposits at the end of the third quarter of 2026 totaled $14.3 billion, compared to $15.4 billion at the end of the second quarter of 2026 and $15.5 billion at the end of the third quarter of 2025. The decrease in interest bearing deposits on a linked quarter basis reflected balance sheet deleveraging of higher rate deposits, seasonal decreases in public fund deposits and 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 reflected a decrease in time deposits, coupled with a decrease in brokered deposits.

Other borrowings at the end of the third quarter of 2026 were $1.4 billion, compared to $941.3 million at the end of the second quarter of 2026 and $18.8 million at the end of the third quarter of 2025. The increase in other borrowings on a linked quarter and year-over-year basis reflected increased utilization of short-term FHLB advances given favorable pricing.

Deposits $ in millions		3Q26				2Q26				1Q26				4Q25				3Q25
Noninterest bearing deposits		$	4,286			$	4,350			$	4,290			$	4,330			$	4,377
Interest bearing transaction accounts			10,288				10,332				10,667				10,453				10,289
Time deposits			3,107				3,233				3,334				3,508				3,331
Brokered deposits			935				1,813				1,912				1,893				1,841
Total deposits		$	18,616			$	19,728			$	20,203			$	20,184			$	19,838
Noninterest bearing deposits to total deposits			23	%			22	%			21	%			21	%			22	%
Total loans to total deposits			94				92				89				87				87

Asset Quality

Provision for credit losses on loans totaled $12.2 million for the third quarter of 2026, compared to $17.4 million in the second quarter of 2026 and $15.2 million in the third quarter of 2025. Net charge-offs as a percentage of average loans for the third quarter of 2026 were 27 basis points, compared to 20 basis points in the second quarter of 2026 and 25 basis points in the third quarter of 2025. The allowance for credit losses on loans at the end of the third quarter of 2026 was $238.5 million, compared to $238.2 million at the end of the second quarter of 2026 and $258.0 million at the end of the third quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the third quarter of 2026 was 1.37 percent, compared to 1.32 percent at the end of the second quarter of 2026 and 1.50 percent at the end of the third quarter of 2025.

Loans past due 30-89 days as a percentage of total loans were 30 basis points at the end of the third quarter of 2026, compared to 29 basis points at the end of the second quarter of 2026 and 11 basis points at the end of the third quarter of 2025. Total nonperforming loans at the end of the third quarter of 2026 totaled $179.9 million, compared to $166.1 million at the end of the second quarter of 2026 and $153.9 million at the end of the third quarter of 2025. The increase in nonperforming loans on a linked quarter basis reflected normal credit migration. The nonperforming loan coverage ratio ended the third quarter of 2026 at 133 percent, compared to 143 percent at the end of the second quarter of 2026 and 168 percent at the end of the third quarter of 2025. Total nonperforming assets as a percentage of total assets were 78 basis points at the end of the third quarter of 2026, compared to 72 basis points at the end of the second quarter of 2026 and 66 basis points at the end of the third quarter of 2025.

 

Asset Quality $ in millions		3Q26				2Q26				1Q26				4Q25				3Q25
Allowance for credit losses on loans to total loans			1.37	%			1.32	%			1.28	%			1.28	%			1.50	%
Allowance for credit losses on loans to nonperforming loans			133				143				162				199				168
Nonperforming loans to total loans			1.03				0.92				0.79				0.64				0.90
Net charge-off ratio (annualized)			0.27				0.20				0.21				1.12				0.25
Net charge-off ratio YTD (annualized)			0.23				0.21				0.21				0.47				0.24
Loans past due 30-89 days to total loans			0.30				0.29				0.51				0.27				0.11
Total nonperforming loans		$	179.9			$	166.1			$	141.9			$	112.7			$	153.9
Total other nonperforming assets			7.1				11.1				12.6				12.4				6.8
Total nonperforming assets		$	187.0			$	177.2			$	154.5			$	125.1			$	160.7
Reserve for unfunded commitments		$	25.6			$	25.6			$	25.6			$	25.6			$	25.6

Capital

Total stockholders’ equity at the end of the third quarter of 2026 was $3.3 billion, compared to $3.5 billion at the end of the second quarter of 2026 and $3.4 billion at the end of the third quarter of 2025. Book value per share at the end of the third quarter of 2026 was $23.18, compared to $24.11 at the end of the second quarter of 2026 and unchanged from the third quarter of 2025. Tangible book value per share¹ at the end of the third quarter of 2026 was $13.52, compared to $14.42 at the end of the second quarter of 2026 and $13.45 at the end of the third quarter of 2025. The decrease in book value per share and tangible book value per share on a linked quarter basis was primarily due to an increase in accumulated other comprehensive loss reflecting higher long-term interest rates, offset in part, by an increase in undivided profits.

Total stockholders’ equity as a percentage of total assets at the end of the third quarter of 2026 was 13.9 percent, compared to 14.1 percent at the end of the second quarter of 2026 and unchanged from the level at the end of the third quarter of 2025. Tangible common equity as a percentage of tangible assets¹ was 8.6 percent at the end of the third quarter of 2026, compared to 8.9 percent at the end of the second quarter of 2026 and 8.5 percent at the end of the third 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		3Q26				2Q26				1Q26				4Q25				3Q25
Stockholders’ equity to total assets			13.9	%			14.1	%			13.9	%			13.9	%			13.9	%
Tangible common equity to tangible assets1			8.6				8.9				8.7				8.7				8.5
Common equity tier 1 (CET1) ratio			12.1				11.6				11.6				11.6				11.5
Tier 1 leverage ratio			10.4				10.2				10.1				10.1				9.6
Tier 1 risk-based capital ratio			12.1				11.6				11.6				11.6				11.5
Total risk-based capital ratio			14.8				14.4				14.4				14.4				15.1

Share Repurchase Program

During the third quarter of 2026, Simmons did not repurchase shares under its stock repurchase program that was authorized in January 2026 (2026 Program). Remaining authorization under the 2026 Program as of September 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, October 16, 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 10212015. 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, by Forbes as one of America’s Best-In-State Companies 2026 and by American Banker as one of the Top Performing Banks 2026 with $10 billion to $50 billion of assets. 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, certain professional services, accelerated prepaid expenses, loss on sale of securities and loss on early extinguishment of debt.

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 Iran and 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-Qs for the quarters ended March 31, 2026 and June 30, 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 Consolidated End of Period Balance Sheets For the Quarters Ended (Unaudited)		SFNC

 

		Sep 30 2026				Jun 30 2026				Mar 31 2026				Dec 31 2025				Sep 30 2025
($ in thousands)
ASSETS
Cash and noninterest bearing balances due from banks		$	415,752			$	377,602			$	342,603			$	380,439			$	377,604
Interest bearing balances due from banks and federal funds sold			343,870				211,882				205,880				331,474				266,013
Cash and cash equivalents			759,622				589,484				548,483				711,913				643,617
Interest bearing balances due from banks - time			—				100				100				100				100
Investment securities - held-to-maturity			—				—				—				—				—
Investment securities - available-for-sale			2,743,458				3,077,181				3,152,286				3,266,221				3,319,277
Mortgage loans held for sale			12,916				16,450				14,311				17,438				15,507
Assets held in trading accounts			6,874				14,541				14,543				11,685				12,695
Loans:
Loans			17,464,682				18,062,369				17,932,883				17,492,179				17,188,817
Allowance for credit losses on loans			(238,520	)			(238,227	)			(229,908	)			(224,377	)			(258,006	)
Net loans			17,226,162				17,824,142				17,702,975				17,267,802				16,930,811
Premises and equipment			542,159				552,435				557,873				561,220				568,343
Foreclosed assets and other real estate owned			7,133				11,080				12,475				12,009				6,386
Interest receivable			110,004				103,016				101,557				104,062				104,383
Bank owned life insurance			548,119				545,252				542,486				540,001				539,372
Goodwill			1,320,799				1,320,799				1,320,799				1,320,799				1,320,799
Other intangible assets			75,132				78,228				81,325				84,423				87,520
Other assets			722,103				644,108				643,570				643,204				659,352
Total assets		$	24,074,481			$	24,776,816			$	24,692,783			$	24,540,877			$	24,208,162
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest bearing transaction accounts		$	4,285,910			$	4,350,474			$	4,289,697			$	4,330,211			$	4,377,232
Interest bearing transaction accounts and savings deposits			11,005,547				11,133,265				11,311,979				11,141,169				10,932,914
Time deposits			3,324,686				4,244,371				4,601,107				4,712,658				4,527,587
Total deposits			18,616,143				19,728,110				20,202,783				20,184,038				19,837,733
Federal funds purchased and securities sold under agreements to repurchase			99,444				46,216				8,708				21,383				22,348
Other borrowings			1,365,751				941,256				446,756				302,253				18,832
Subordinated notes and debentures			301,884				312,028				315,700				317,714				648,976
Accrued interest and other liabilities			341,455				267,347				281,102				296,249				326,310
Total liabilities			20,724,677				21,294,957				21,255,049				21,121,637				20,854,199
Stockholders’ equity:
Common stock			1,445				1,444				1,451				1,448				1,447
Surplus			2,839,951				2,837,845				2,848,952				2,846,581				2,848,977
Undivided profits			953,349				937,307				901,696				864,341				817,022
Accumulated other comprehensive (loss) income			(444,941	)			(294,737	)			(314,365	)			(293,130	)			(313,483	)
Total stockholders’ equity			3,349,804				3,481,859				3,437,734				3,419,240				3,353,963
Total liabilities and stockholders’ equity		$	24,074,481			$	24,776,816			$	24,692,783			$	24,540,877			$	24,208,162

 

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

 

		Sep 30				Jun 30				Mar 31				Dec 31				Sep 30
		2026				2026				2026				2025				2025
($ in thousands, except per share data)
INTEREST INCOME
Loans (including fees)		$	275,903			$	274,271			$	267,287			$	270,868			$	269,210
Interest bearing balances due from banks and federal funds sold			2,541				2,058				2,320				2,485				6,421
Investment securities			30,239				31,013				31,882				33,833				37,464
Mortgage loans held for sale			236				202				203				227				229
Assets held in trading accounts			124				136				122				118				99
TOTAL INTEREST INCOME			309,043				307,680				301,814				307,531				313,423
INTEREST EXPENSE
Time deposits			31,154				36,996				39,949				41,989				49,064
Other deposits			58,295				58,536				57,653				60,516				67,546
Federal funds purchased and securities sold under agreements to repurchase			141				426				36				57				72
Other borrowings			10,220				5,873				1,746				2,138				2,957
Subordinated notes and debentures			5,257				5,222				5,262				5,535				7,123
TOTAL INTEREST EXPENSE			105,067				107,053				104,646				110,235				126,762
NET INTEREST INCOME			203,976				200,627				197,168				197,296				186,661
PROVISION FOR CREDIT LOSSES
Provision for credit losses on loans			12,167				17,434				14,622				15,116				15,180
Provision for credit losses on investment securities - HTM			—				—				—				—				(3,214	)
TOTAL PROVISION FOR CREDIT LOSSES			12,167				17,434				14,622				15,116				11,966
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES			191,809				183,193				182,546				182,180				174,695
NONINTEREST INCOME
Service charges on deposit accounts			13,609				12,329				12,656				12,669				13,045
Debit and credit card fees			8,735				9,008				8,503				8,660				8,478
Wealth management fees			11,440				10,240				10,533				10,337				9,965
Mortgage lending income			1,668				1,994				1,854				2,232				2,259
Bank owned life insurance income			4,218				4,218				4,218				3,942				3,943
Other service charges and fees (includes insurance income)			1,509				1,551				1,606				1,503				1,474
Gain (loss) on sale of securities			—				—				—				—				(801,492	)
Other income			6,012				8,599				4,827				12,365				6,141
TOTAL NONINTEREST INCOME			47,191				47,939				44,197				51,708				(756,187	)
NONINTEREST EXPENSE
Salaries and employee benefits			78,077				75,590				75,885				72,924				76,249
Occupancy expense, net			11,708				14,715				12,218				11,636				12,106
Furniture and equipment expense			5,382				5,739				5,423				5,304				5,275
Other real estate and foreclosure expense			230				695				315				432				200
Deposit insurance			4,519				4,450				2,295				4,736				5,175
Other operating expenses			82,119				46,550				44,537				44,830				43,027
TOTAL NONINTEREST EXPENSE			182,035				147,739				140,673				139,862				142,032
NET INCOME (LOSS) BEFORE INCOME TAXES			56,965				83,393				86,070				94,026				(723,524	)
Provision for income taxes			9,852				16,702				17,526				15,948				(160,732	)
NET INCOME (LOSS)		$	47,113			$	66,691			$	68,544			$	78,078			$	(562,792	)
BASIC EARNINGS PER SHARE		$	0.33			$	0.46			$	0.47			$	0.54			$	(4.01	)
DILUTED EARNINGS PER SHARE		$	0.32			$	0.46			$	0.47			$	0.54			$	(4.00	)

 

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

 

		Sep 30				Jun 30				Mar 31				Dec 31				Sep 30
		2026				2026				2026				2025				2025
($ in thousands)
Tier 1 capital
Stockholders’ equity		$	3,349,804			$	3,481,859			$	3,437,734			$	3,419,240			$	3,353,963
Disallowed intangible assets, net of deferred tax			(1,364,874	)			(1,367,717	)			(1,370,562	)			(1,374,839	)			(1,376,255	)
Unrealized loss (gain) on AFS securities			444,941				294,737				314,365				293,130				313,483
Total Tier 1 capital			2,429,871				2,408,879				2,381,537				2,337,531				2,291,191
Tier 2 capital
Subordinated notes and debentures			301,884				312,028				315,700				317,714				648,976
Subordinated debt phase out			—				—				—				—				(198,000	)
Qualifying allowance for loan losses and reserve for unfunded commitments			252,179				259,618				255,537				250,006				248,710
Total Tier 2 capital			554,063				571,646				571,237				567,720				699,686
Total risk-based capital		$	2,983,934			$	2,980,525			$	2,952,774			$	2,905,251			$	2,990,877
Risk weighted assets		$	20,162,327			$	20,765,212			$	20,565,445			$	20,106,493			$	19,861,879
Adjusted average assets for leverage ratio		$	23,337,099			$	23,617,439			$	23,487,513			$	23,224,638			$	23,963,356
Ratios at end of quarter
Equity to assets			13.91	%			14.05	%			13.92	%			13.93	%			13.85	%
Tangible common equity to tangible assets (1)			8.62	%			8.91	%			8.74	%			8.71	%			8.53	%
Common equity Tier 1 ratio (CET1)			12.05	%			11.60	%			11.58	%			11.63	%			11.54	%
Tier 1 leverage ratio			10.41	%			10.20	%			10.14	%			10.06	%			9.56	%
Tier 1 risk-based capital ratio			12.05	%			11.60	%			11.58	%			11.63	%			11.54	%
Total risk-based capital ratio			14.80	%			14.35	%			14.36	%			14.45	%			15.07	%

 

(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 Consolidated Investment Securities For the Quarters Ended (Unaudited)		SFNC

 

		Sep 30				Jun 30				Mar 31				Dec 31				Sep 30
		2026				2026				2026				2025				2025
($ in thousands)
Investment Securities - End of Period
Held-to-Maturity
U.S. Government agencies		$	—			$	—			$	—			$	—			$	—
Mortgage-backed securities			—				—				—				—				—
State and political subdivisions			—				—				—				—				—
Other securities			—				—				—				—				—
Total held-to-maturity (net of credit losses)			—				—				—				—				—
Available-for-Sale
U.S. Treasury		$	—			$	—			$	—			$	—			$	—
U.S. Government agencies			17,708				44,425				46,329				47,172				48,355
Mortgage-backed securities			1,893,901				2,061,760				2,128,732				2,201,958				2,249,593
State and political subdivisions			751,322				865,467				838,880				859,071				845,371
Other securities			80,527				105,529				138,345				158,020				175,958
Total available-for-sale (net of credit losses)			2,743,458				3,077,181				3,152,286				3,266,221				3,319,277
Total investment securities (net of credit losses)		$	2,743,458			$	3,077,181			$	3,152,286			$	3,266,221			$	3,319,277
Fair value - HTM investment securities		$	—			$	—			$	—			$	—			$	—

 

Page 4