Simmons First National First Quarter 2024 Earnings: Misses Expectations

Simmons First National Corporation Class A -0.32%

Simmons First National Corporation Class A

SFNC

18.81

-0.32%

Simmons First National (NASDAQ:SFNC) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$184.9m (down 7.3% from 1Q 2023).
  • Net income: US$38.9m (down 15% from 1Q 2023).
  • Profit margin: 21% (down from 23% in 1Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$0.31 (down from US$0.36 in 1Q 2023).
earnings-and-revenue-history
NasdaqGS:SFNC Earnings and Revenue History April 29th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Simmons First National Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 3.6%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 5.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Simmons First National's balance sheet health.

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