Simmons First National | 10-Q: FY2025 Q3 Revenue: USD -442.76 M

Revenue: As of FY2025 Q3, the actual value is USD -442.76 M.

EPS: As of FY2025 Q3, the actual value is USD -4, missing the estimate of USD -3.8983.

EBIT: As of FY2025 Q3, the actual value is USD -910.19 M.

Segment Revenue

• Community and Commercial Banking: Net interest income for the three months ended September 30, 2025, was $185.2 million, compared to $157.5 million for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $521.9 million, compared to $463.5 million in 2024.

Operational Metrics

• Net Income (Loss): The net loss for the three months ended September 30, 2025, was $562.8 million, compared to a net income of $24.7 million for the same period in 2024. For the nine months ended September 30, 2025, the net loss was $475.6 million, compared to a net income of $104.4 million in 2024.
• Provision for Credit Losses: The provision for credit losses for the three months ended September 30, 2025, was $11.966 million, compared to $12.148 million for the same period in 2024. For the nine months ended September 30, 2025, the provision was $50.708 million, compared to $33.453 million in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended September 30, 2025, was $333.8 million, compared to $343.1 million in 2024.

Unique Metrics

• Loss on Sale of Securities: The loss on the sale of securities for the three months ended September 30, 2025, was $801.5 million, compared to $28.4 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on managing its credit risk by diversifying its loan portfolio and maintaining an adequate allowance for credit losses. The company also plans to continue its efforts to keep loan terms short to reduce the impact of upward movement in interest rates.
• Non-Core Business: The company completed a balance sheet repositioning during the third quarter of 2025, which included the transfer of held-to-maturity securities to the available-for-sale portfolio and the subsequent sale of certain securities.