Simmons First National Corporation (SFNC)

Simmons First National Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,073	989.75	698.03	556.57	690.8	712.26
Interest Income on Investments	237.04	220.41	163.7	114.49	68.92	70.86
Total Interest Income	1,310	1,210	861.74	671.06	759.72	783.12
Interest Paid on Deposits	601.08	472.92	99.05	41.17	79.86	139.01
Interest Paid on Borrowings	89.37	87.12	45.37	38.36	40.12	42.36
Total Interest Expense	690.45	560.04	144.42	79.53	119.98	181.37
Net Interest Income	619.15	650.13	717.32	591.53	639.73	601.75
Net Interest Income Growth (YoY)	-9.94%	-9.37%	21.26%	-7.53%	6.31%	9.67%
Trust Income	31.66	30.2	31.9	31.17	30.39	27.35
Mortgage Banking Activities	7.85	7.73	10.52	21.8	34.47	15.02
Gain (Loss) on Sale of Assets	-	-	-	5.32	8.37	-
Gain (Loss) on Sale of Investments	-48.61	-20.61	-0.28	15.5	54.81	56.17
Other Non-Interest Income	84.99	83.71	77.48	74.43	68.29	54.55
Total Non-Interest Income	125.59	151.57	166.15	191.45	239.4	197.88
Non-Interest Income Growth (YoY)	-26.20%	-8.77%	-13.22%	-20.03%	20.98%	33.92%
Revenues Before Loan Losses	744.74	801.69	883.46	782.98	879.13	799.63
Provision for Loan Losses	43.48	42.03	14.07	-32.7	74.97	43.24
Revenue	701.26	759.66	869.39	815.68	804.16	756.39
Revenue Growth (YoY)	-15.07%	-12.62%	6.58%	1.43%	6.32%	14.90%
Salaries and Employee Benefits	266.71	267.73	271.67	230.47	226.38	211.41
Occupancy Expenses	48.07	46.74	44.32	38.8	37.56	32.01
Federal Deposit Insurance	33.61	29.99	11.61	6.97	9.18	4.42
Selling, General & Administrative	59.29	56.94	64.85	57.99	56.63	47.64
Other Non-Interest Expense	149.93	147.69	147.35	131.87	131.71	112.07
Total Non-Interest Expense	558.19	549.98	540.8	468.22	463.21	410.99
EBT Excluding Unusual Items	143.07	209.69	328.59	347.47	340.95	345.4
Legal Settlements	-	4	-	-	-	-
Pretax Income	136.69	200.6	306.56	332.46	319.79	302.43
Income Tax Expense	8.41	25.55	50.15	61.31	64.89	64.27
Net Income	128.28	175.06	256.41	271.16	254.9	238.17
Preferred Dividends & Other Adjustments	-	-	-	0.05	0.05	0.34
Net Income to Common	128.28	175.06	256.41	271.11	254.85	237.83
Net Income Growth	-45.27%	-31.73%	-5.44%	6.38%	7.03%	10.41%
Basic Shares Outstanding	125	126	124	110	110	98
Diluted Shares Outstanding	126	127	124	110	110	99
Shares Change (YoY)	-1.08%	1.85%	12.95%	0.02%	11.51%	6.43%
EPS (Basic)	1.02	1.39	2.07	2.47	2.32	2.42
EPS (Diluted)	1.02	1.38	2.06	2.46	2.31	2.41
EPS Growth	-44.83%	-33.01%	-16.26%	6.49%	-4.15%	3.88%
Dividend Per Share	0.830	0.800	0.760	0.720	0.680	0.640
Dividend Growth	5.06%	5.26%	5.56%	5.88%	6.25%	6.67%
Effective Tax Rate	6.15%	12.73%	16.36%	18.44%	20.29%	21.25%

Source: S&P Capital IQ. Banks template. Financial Sources.