Simmons First National

Q2 FY2026 EarningsQ2 FY26 results for SFNC missed consensus expectations on both top and bottom lines. Total revenue of $248.6M came in slightly below the $251.0M consensus, while Adjusted EPS of $0.50 missed the $0.52 estimate (-4.5% variance). Net Interest Margin (NIM) remained stable at 3.84%, aligning with consensus, yet GAAP earnings were significantly weighed down by $7.4M in pre-tax rightsizing and severance costs. While loan growth was modest (+3% annualized QoQ), nonperforming loans rose to $166M due to the migration of a single real estate relationship, creating potential credit headwinds despite a low NCO ratio of 20 bps.