DA Davidson raises Simmons First Ntl price target to $24

0 min read | Published on 20 Jul 2026, 08:10 PM |Updated on 20 Jul 2026, 11:25 PM

Reviewed by

Radhika SScanX News Team

Key Highlights

DA Davidson analyst Gary Tenner maintained a Neutral rating on Simmons First Ntl and raised the price target to $24 from $23. Separately, Keefe, Bruyette & Woods analyst Wood Lay maintained a Market Perform rating and increased the price target to $25 from $24.

*this image is generated using AI for illustrative purposes only.

DA Davidson analyst Gary Tenner has maintained a Neutral rating on Simmons First Ntl while raising the stock's price target to $24, up from the previous target of $23. The adjustment follows a review of the bank's market position and valuation outlook.

Separately, Keefe, Bruyette & Woods analyst Wood Lay has kept a Market Perform rating on Simmons First Ntl and increased its price target to $25, an increase from the prior target of $24. These revisions reflect updated assessments of the bank's shares by both firms.

The Market Perform and Neutral ratings indicate that the stock is expected to perform largely in line with broader market returns. Simmons First Ntl trades on the NASDAQ under the ticker symbol SFNC.

Analyst Ratings and Price Targets

Firm	Analyst	Rating	New Price Target	Previous Price Target
DA Davidson	Gary Tenner	Neutral	$24	$23
Keefe, Bruyette & Woods	Wood Lay	Market Perform	$25	$24

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors might drive Simmons First Ntl to outperform the broader market despite the neutral ratings?

How could recent interest rate changes impact the bank's net interest margin and future profitability?

Are there potential mergers or acquisitions in the regional banking sector that could affect Simmons First Ntl's competitive position?

Simmons First Ntl Q2 2026 net income $66.7M

3 min read | Published on 14 Jul 2026, 06:22 PM |Updated on 17 Jul 2026, 07:47 PM

Reviewed by

Shriram SScanX News Team

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Key Highlights

Simmons First National Corporation reported second quarter 2026 net income of $66.7 million, or $0.46 per share, with adjusted EPS of $0.50. Total revenue increased to $248.6 million, driven by net interest income of $200.6 million. Committed loan production reached $1.8 billion, the highest in nearly four years. Management projects low to mid-single digit loan growth for the year and maintains a conservative credit outlook with net charge-offs expected to remain below 25 basis points. The company repurchased 0.7 million shares during the quarter.

*this image is generated using AI for illustrative purposes only.

Simmons First National Corporation reported second quarter 2026 net income of $66.7 million and diluted earnings per share of $0.46. On an adjusted basis, diluted EPS for the quarter was $0.50. Total revenue for the quarter was $248.6 million, up from $241.4 million in the first quarter of 2026 and $214.2 million in the second quarter of 2025.

Jay Brogdon, Simmons' President and CEO, highlighted that the company delivered continued expansion in returns, reflecting revenue growth coupled with disciplined expense control. He noted that committed loan production reached $1.8 billion, its highest quarterly level in almost four years. Management stated they are comfortable at the top end of their net interest income growth guidance of 9-11% for the year and expect to beat their noninterest expense guidance of 2-3% growth.

Key Financial Highlights

The following table summarizes key financial metrics for the second quarter of 2026 compared to the prior quarter and year-ago period:

Metric:	2Q26	1Q26	2Q25
Net Income ($ millions):	$66.7	$68.5	$54.8
Adjusted Net Income ($ millions):	$72.2	$68.6	$56.1
Diluted EPS:	$0.46	$0.47	$0.43
Adjusted Diluted EPS:	$0.50	$0.47	$0.44
Total Revenue ($ millions):	$248.6	$241.4	$214.2
PPNR ($ millions):	$100.8	$100.7	$75.6
Net Interest Margin (FTE):	3.84%	3.84%	3.06%
Efficiency Ratio:	58.72%	57.56%	62.82%
Adjusted Efficiency Ratio:	54.26%	56.16%	60.52%
Return on Average Assets:	1.09%	1.13%	0.82%
Adjusted ROAA:	1.17%	1.13%	0.84%
Return on Average Common Equity:	7.69%	8.01%	6.20%
Adjusted ROTCE:	14.37%	13.91%	10.97%
Cash Dividend Declared (per share):	$0.2150	$0.2150	$0.2125

Balance Sheet and Asset Quality

Total loans at the end of the second quarter of 2026 were $18.1 billion, up $129.5 million from the first quarter of 2026. The commercial loan pipeline totaled $1.4 billion. Noninterest bearing deposits increased $60.8 million to $4.4 billion. Provision for credit losses on loans totaled $17.4 million, exceeding net charge-offs by $8.3 million. Net charge-offs were 20 basis points, and management maintains a conservative outlook for net charge-offs to remain below 25 basis points for the year.

The following table highlights key balance sheet and asset quality metrics:

Metric:	2Q26	1Q26	2Q25
Total Loans ($ millions):	$18,062	$17,933	$17,111
Total Deposits ($ millions):	$19,728	$20,203	$21,825
Total Assets ($ millions):	$24,777	$24,693	$26,694
Total Shareholders' Equity ($ millions):	$3,482	$3,438	$3,549
Unfunded Loan Commitments ($ millions):	$4,384	$4,068	$3,947
Allowance for Credit Losses to Total Loans:	1.32%	1.28%	1.48%
Net Charge-Off Ratio (annualized):	0.20%	0.21%	0.25%
Nonperforming Loans ($ millions):	$166.0	$141.9	$157.2
Nonperforming Assets to Total Assets:	0.72%	0.63%	0.62%
Book Value per Share:	$24.11	$23.70	$28.17
Tangible Book Value per Share:	$14.42	$14.03	$16.97

Capital Position and Outlook

Total stockholders' equity at the end of the second quarter of 2026 was $3.5 billion. The company 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. Remaining authorization under the 2026 Program as of June 30, 2026, was approximately $161 million. Management indicated a focus on prioritizing organic growth investments while remaining opportunistic with share repurchases.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will Simmons First National balance the anticipated organic growth investments with the remaining $161 million share repurchase authorization for the remainder of 2026?

Given the significant rise in nonperforming assets to 0.72%, what specific factors drove this increase and will it lead to a revision of the conservative credit loss guidance?

With net interest margin holding steady at 3.84%, does management anticipate pressure on margins in the second half of the year given the current interest rate environment?