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SFNC · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Simmons First National Corp (SFNC) stock moving?
The main fundamental event is the Oct 15 Q3 2026 release. Adjusted metrics improved: adjusted diluted EPS rose to $0.54 from $0.50, adjusted PPNR reached $112.3M, adjusted ROTCE rose to 15.50%, and the adjusted efficiency ratio fell to 53.31%. Net interest margin widened 8 bps to 3.92% and the cost of deposits fell 8 bps to 1.85%. On a GAAP basis, however, net income fell to $47.1M from $66.7M and diluted EPS to $0.32, with the efficiency ratio at 71.59%. Balance sheet shrinkage continued: loans declined about 3% quarter over quarter to $17.47B and deposits about 6% to $18.62B, reflecting deliberate runoff of low-value relationships. Credit metrics softened slightly, with the NCO ratio at 0.27% versus 0.20% and provision expense exceeding net charge-offs by $14.1M over nine months. Capital improved, with CET1 at 12.05% versus 11.60%, while the TCE ratio slipped to 8.62%. The quarterly dividend was steady at $0.2150. The Nov 5 Global Payments item is immaterial. Price action has been muted: the stock traded between $22.33 and $24.50 over the last 30 sessions and closed at $23.68 on Nov 10, about 1.5% above the Oct 22 close of $23.32. The Nov 4 intraday high of $24.50 faded to a $23.23 close the next day. Volume peaked at 2.34M shares on Nov 9, but the price held near $23.80, with no clear new catalyst visible in the provided news.
News behind the analysis
- Global Payments' Genius Platform Deployed at Simmons Bank Liberty StadiumGlobal Payments has implemented its Genius point-of-sale and business management platform at Simmons Bank Liberty Stadium to support food and beverage operations. The item is a minor operational update with no financial impact disclosed.
- Simmons First National Corporation Reports Third Quarter ResultsQ3 net income was $47.1M (diluted EPS $0.32) versus $66.7M in 2Q26, while adjusted diluted EPS rose to $0.54 from $0.50. Net interest margin expanded 8 bps to 3.92%, but total loans fell to $17.47B and deposits to $18.62B, and the NCO ratio rose to 0.27%.
- Form 10-Q quarterly reportQuarterly report filed Nov 4, 2026. The filing text was not provided, so no details beyond the filing itself can be assessed.
About Simmons First National Corp
Simmons First National is a regional bank holding company based in Pine Bluff, Arkansas, and has served customers since 1903. It has about $25 billion in assets and roughly 220 branches across six Mid-South states, and it has paid dividends for more than a century.
How it makes money
Most of its revenue is net interest income. That's the gap between what it earns on loans (mostly commercial and commercial real estate, plus consumer and mortgage loans) and securities, and what it pays on its roughly $20 billion in deposits. It also earns fees from wealth management and trust services (about $10 billion in assets under management or administration), service charges, debit cards and mortgage banking. Total quarterly revenue is about $250 million.
What usually moves SFNC
- Interest rates and net interest margin
- Loan and deposit growth in the Mid-South
- Credit quality, especially commercial real estate
- Cost-cutting and balance-sheet restructuring efforts
- Regional bank sector sentiment