Simmons First National Corp. of Pine Bluff (Nasdaq: SFNC) on Thursday reported second quarter net income of $54.8 million, a 34% jump from $40.8 million in the same quarter a year ago.
The parent company for Simmons Bank reported earnings of 43 cents per share for the quarter, up from 32 cents in the same period last year.
This beat Wall Street expectations, with three analysts from Zacks Investment Research estimating earnings per share of 40 cents. The rise in income also represents a 69% increase from the first quarter of 2025.
Revenue climbed to $214.2 million, up 8.6% from $197.2 million in the second quarter of 2024. Revenue narrowly beat analyst expectations of $213.4 million.
The company’s total deposits decreased slightly to $21.82 billion from $21.84 billion a year ago.
The bank finished the quarter with total loans of $17.1 billion, down 0.5% from $17.2 billion a year ago, and assets of $26.7 billion, down 2.5% from $27.4 billion in the second quarter of 2024.
The bank’s provision for credit losses on loans rose to $11.9 million from $11.1 million a year ago, as nonperforming loans rose to $157.2 million, or 0.9% of total loans, compared to $103.4 million, or 0.6%, a year ago. However, this is a decrease from the first quarter of 2025, when the company put an extra $15.6 million aside to cover potential losses from nonperforming loans.
“We were pleased with our second quarter results which reflected strong revenue growth, disciplined expense management and positive underlying balance sheet growth that led to further improvement in profitability measures,” George Makris Jr., Simmons’ Chairman and CEO, said in the earnings release.
But despite the rise in revenue and income, he noted there are still economic uncertainties.
“While certain administration policies have become clearer, tariff volatility looms large and is a key to future interest rate moves and economic conditions,” Makris said in the release. “Against this backdrop, we continue our focus on organic growth in our very attractive footprint and are encouraged by our positive momentum heading into the last half of 2025.”
Shares of Simmons rose around 1% to close at $19.69 on Thursday. Year-to-date, shares have declined about 11%.
Simmons operates 223 branches across Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas, down from 234 locations a year ago as part of ongoing optimization efforts, but up one from the previous quarter of 2025.
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