trending Market Intelligence /marketintelligence/en/news-insights/trending/sVDxgT9lyuSY1lUR494dgA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Simmons First National reports higher Q3 core earnings YOY

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Simmons First National reports higher Q3 core earnings YOY

Pine Bluff, Ark.-based Simmons First National Corp. reported third-quarter net income of $81.8 million, or 84 cents per share, compared to $55.2 million, or 59 cents per share, in the year-ago period.

Core earnings, an adjusted non-GAAP metric, totaled $84.0 million, or 87 cents per share, up from $56.5 million, or 61 cents per share, in the year-ago quarter.

The S&P Global Market Intelligence consensus normalized EPS estimate for the latest quarter was 64 cents.

Third-quarter net interest income was $150.2 million, up 5.0% from $143.0 million in the year-ago quarter.

Net loans stood at $12.94 billion, compared to $13.06 billion in the linked quarter and $11.80 billion in the third quarter of 2018. Total deposits were at $13.47 billion, compared to $13.52 billion in the linked quarter and $12.09 billion in the year-ago period.

The net interest margin was 3.81% for the third quarter, compared with 3.92% in the previous quarter and 3.98% in the year-ago quarter. Core net interest margin was 3.58% for the most recent quarter, compared to 3.66% in the second quarter and 3.71% in the third quarter of 2018.

Provision for loan losses for the third quarter was $22.0 million, increases of $11.6 million when compared to Sept. 30, 2018, and $14.9 million when compared to the second quarter of 2019. The sequential increase in the provision for loan losses was due to recording a special provision of $15.0 million during the third quarter, specifically related to the charge-off of a participation interest in a shared national credit to White Star Petroleum LLC.

In addition, the company's board authorized a new stock repurchase program, under which the company may repurchase up to $60 million of its class A common stock currently issued and outstanding. The program will terminate on Oct. 31, 2021, unless terminated sooner. The new program replaces the company's existing stock repurchase program, which was announced on July 23, 2012.