Simmons first national corp (SFNC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST INCOME
Loans

187,566

193,402

179,971

178,122

159,440

159,996

162,438

150,253

143,350

132,617

77,457

73,549

68,728

70,887

65,078

63,009

66,678

70,511

76,432

70,438

50,986

45,247

40,082

38,622

40,131

-

-

-

-

-

-

-

-

-

24,366

23,883

24,094

26,934

26,691

Interest bearing balances due from banks and federal funds sold

2,441

2,625

1,586

1,121

2,154

2,168

1,405

1,414

1,009

947

650

214

122

272

263

77

144

-

-

229

210

167

132

279

279

251

234

352

290

301

267

349

303

324

243

298

235

123

173

Loans not covered by FDIC loss share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,192

22,358

22,272

-

-

-

-

-

-

Loans covered by FDIC loss share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,041

4,994

5,973

-

3,917

4,347

4,341

864

213

Federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

10

-

141

73

29

12

12

2

1

5

6

5

3

-

2

1

-

1

3

1

1

6

2

Investment securities

18,943

18,656

15,367

16,594

16,281

15,760

14,640

14,296

12,622

11,456

9,218

9,990

9,451

8,700

7,774

8,499

8,506

8,349

8,335

8,050

5,879

5,325

4,717

4,766

4,549

3,951

3,428

3,019

2,902

3,106

3,027

3,313

3,275

3,568

3,539

3,771

3,705

4,182

4,465

Mortgage loans held for sale

281

-

-

-

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale

-

-

382

332

-

372

501

305

158

175

159

145

126

230

299

295

278

237

291

375

148

189

269

168

69

72

122

118

155

149

171

164

153

198

130

87

88

210

149

Assets held in trading accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

3

4

3

6

-

-

4

3

4

3

5

5

6

6

6

11

11

12

13

12

7

8

9

9

7

11

TOTAL INTEREST INCOME

209,231

215,085

197,306

196,169

178,085

178,296

178,984

166,268

157,139

145,195

87,484

83,898

78,427

80,065

73,418

71,900

75,622

79,325

85,199

79,169

57,255

50,944

45,215

43,842

45,034

42,899

34,411

32,571

33,232

34,242

31,712

31,192

31,988

31,981

32,206

32,396

32,473

32,326

31,704

INTEREST EXPENSE
Deposits

31,277

36,529

36,936

34,796

30,750

28,762

24,390

18,461

15,597

12,706

6,030

4,816

4,204

4,055

3,732

3,776

3,654

3,951

4,158

4,195

2,944

2,343

2,232

2,235

2,269

2,125

1,993

2,082

2,199

2,459

2,521

2,680

2,965

3,356

3,594

3,799

4,176

4,605

4,839

Federal funds purchased and securities sold under agreements to repurchase

759

368

249

257

136

121

104

88

110

97

83

92

75

90

59

59

65

60

55

57

64

130

55

31

53

55

46

53

65

65

69

77

99

118

113

103

116

126

123

Other borrowings

4,877

4,615

5,381

6,219

6,793

7,134

6,240

5,141

5,139

3,993

1,875

1,559

1,194

1,034

1,048

938

1,128

1,083

1,812

1,151

1,051

992

996

988

1,010

929

646

692

734

948

792

799

815

-

842

867

-

-

-

Subordinated notes and debentures

4,835

4,813

4,576

4,541

4,411

4,498

5,282

5,741

1,327

1,480

677

619

574

558

516

544

543

481

498

559

234

160

160

160

157

161

162

162

159

163

389

385

391

-

378

377

-

-

-

Short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

15

15

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,335

1,524

1,522

TOTAL INTEREST EXPENSE

41,748

46,325

47,142

45,813

42,090

40,515

36,016

29,431

22,173

18,276

8,665

7,086

6,047

5,737

5,355

5,317

5,390

5,575

6,523

5,962

4,293

3,625

3,443

3,414

3,489

3,270

2,847

2,989

3,157

3,635

3,771

3,941

4,270

4,684

4,927

5,146

5,639

6,270

6,499

NET INTEREST INCOME

167,483

168,760

150,164

150,356

135,995

137,781

142,968

136,837

134,966

126,919

78,819

76,812

72,380

74,328

68,063

66,583

70,232

73,750

78,676

73,207

52,962

47,319

41,772

40,428

41,545

39,629

31,564

29,582

30,075

30,607

27,941

27,251

27,718

27,297

27,279

27,250

26,834

26,056

25,205

Provision for credit loss expense

26,134

-

-

-

9,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

21,973

7,079

-

9,620

10,345

9,033

9,150

9,601

5,462

7,023

4,307

4,332

8,294

4,616

2,823

3,230

1,615

3,006

1,171

3,607

1,128

1,602

908

1,084

1,081

1,034

919

1,295

1,299

775

771

2,831

2,842

3,328

2,675

3,407

3,758

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES

141,349

163,857

128,191

143,277

126,710

128,161

132,623

127,804

125,816

117,318

73,357

69,789

68,073

69,996

59,769

61,967

67,409

70,520

77,061

70,201

51,791

43,712

40,644

38,826

40,637

38,545

30,483

28,548

29,156

29,312

26,642

26,476

26,947

24,466

24,437

23,922

24,159

22,649

21,447

NON-INTEREST INCOME
Trust income

-

-

-

-

-

-

-

-

-

-

4,225

-

-

-

3,873

3,656

3,631

2,725

2,215

2,070

2,251

2,183

1,838

1,553

1,537

1,608

1,448

1,342

1,444

1,484

1,440

1,240

1,309

1,416

1,370

1,243

1,346

1,343

1,170

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

8,907

-

-

-

8,771

7,661

7,316

8,103

8,488

8,031

6,363

6,552

6,238

6,792

6,068

5,497

4,603

4,474

4,241

4,645

4,368

3,930

3,865

4,289

4,450

4,212

3,857

4,388

4,739

Other service charges and fees

-

-

-

-

-

-

-

-

-

-

2,433

-

-

-

3,261

2,718

2,867

1,652

2,672

2,766

1,666

41

808

859

1,866

703

728

791

775

747

684

738

792

699

695

780

806

646

671

Mortgage and SBA lending income

-

-

-

-

-

-

-

-

-

-

3,219

-

-

-

4,339

4,730

2,834

2,295

3,446

3,449

2,262

1,458

1,812

1,262

810

916

1,122

1,338

1,216

1,553

1,705

1,445

1,294

1,464

1,249

849

626

1,242

932

Investment banking income

877

822

513

360

618

829

664

814

834

786

680

637

690

472

1,131

1,181

687

440

663

593

894

451

284

154

181

421

240

696

454

337

560

442

699

294

203

381

600

369

776

Debit and credit card fees

-

-

-

-

-

-

-

-

-

-

8,864

-

-

-

7,825

7,688

7,200

7,647

6,879

6,486

5,648

6,696

5,769

5,801

4,600

5,053

4,400

4,341

4,039

4,655

4,104

4,207

4,079

4,318

4,303

4,264

3,943

3,972

4,043

Premiums on sale of student loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,979

545

Bank owned life insurance income

1,298

1,411

1,302

1,260

795

1,105

1,105

1,102

1,103

1,101

725

859

818

895

606

826

997

614

748

746

572

725

411

377

330

347

328

366

278

385

355

368

355

403

261

414

403

404

566

Gain on sale of securities, net

32,095

377

7,374

2,823

2,740

8

54

-7

6

-1,243

3

2,236

63

1,445

315

3,759

329

305

40

0

-38

-

-18

38

-

-

-

-193

-

-

-

-

-

-

-

-

-

-

-

Net loss on assets covered by FDIC loss share agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-9,085

-3,056

-2,671

-2,934

-3,744

-6,268

-7,370

-7,988

-3,443

-2,615

-2,142

-2,286

-2,689

-2,153

-2,665

-826

287

323

370

-

-

Gain on FDIC-assisted transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,120

-

-

-

-

-

-

-

3,037

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other income

12,800

5,363

43,800

5,137

4,200

5,791

4,900

5,202

4,007

4,122

7,276

4,281

3,621

3,722

6,755

4,669

3,642

4,523

7,006

3,863

1,390

6,411

2,637

4,820

1,176

1,118

887

733

1,008

930

165

876

995

786

871

1,865

651

479

769

TOTAL NON-INTEREST INCOME

82,394

43,936

83,775

39,006

34,792

34,588

33,725

38,048

37,535

36,629

36,332

35,744

30,060

36,115

36,876

36,888

29,503

28,304

23,072

24,948

18,337

21,571

16,035

15,388

9,198

7,717

10,313

11,273

11,313

14,743

11,812

11,093

10,723

12,843

13,689

14,331

12,602

14,822

17,248

NON-INTEREST EXPENSE
Salaries and employee benefits

67,924

63,235

52,065

56,128

56,367

49,193

55,515

55,678

56,357

49,288

35,285

34,205

35,536

33,797

31,784

33,103

34,773

39,522

37,000

35,111

26,610

24,872

20,892

20,982

22,464

19,933

17,701

17,937

18,507

17,674

15,911

16,590

16,824

15,973

15,533

16,436

17,116

14,809

15,064

Occupancy expense, net

9,510

9,272

8,342

6,919

7,475

7,016

7,713

7,921

6,960

6,700

4,928

4,868

4,663

4,516

4,690

4,990

4,471

3,438

4,812

5,051

3,557

2,454

3,204

3,285

3,890

2,544

2,485

2,450

2,555

2,311

2,182

2,029

2,081

1,930

2,224

2,100

2,189

1,906

1,844

Furniture and equipment expense

5,723

5,758

4,898

4,206

3,358

4,139

3,761

4,020

4,403

5,533

4,840

4,550

4,443

4,387

4,272

4,077

3,947

3,641

4,202

3,241

3,268

2,733

2,363

2,215

2,014

2,257

1,613

2,030

1,723

1,835

1,835

1,608

1,604

1,721

1,763

1,560

1,589

1,542

1,526

Other real estate and foreclosure expense

325

1,089

1,125

591

637

1,540

538

1,382

1,020

865

1,071

517

589

679

1,849

967

966

1,166

2,297

1,017

381

1,395

1,864

375

873

562

385

59

331

311

280

194

207

146

215

223

94

304

314

Deposit insurance

2,475

-134

0

2,510

2,040

2,489

2,248

1,856

2,128

1,216

1,020

780

680

89

1,136

1,096

1,148

1,222

1,013

1,096

870

724

877

1,085

668

620

595

492

775

614

444

457

571

295

211

842

1,039

885

1,059

Merger related costs

1,068

24,831

2,556

7,522

1,470

797

804

1,465

1,711

14,044

752

6,603

524

2,846

1,524

372

93

1,237

857

1,247

10,419

1,216

3,628

1,354

1,272

6,413

190

-467

240

-

815

-

-

0

0

167

190

134

443

Other operating expenses

38,788

38,044

37,879

32,867

30,062

30,222

29,674

26,185

25,494

30,844

18,263

19,885

19,887

20,411

17,179

19,532

16,391

17,234

17,314

18,041

12,106

13,580

11,526

10,546

13,370

9,349

7,934

7,818

7,781

8,340

7,219

7,366

7,350

8,381

7,654

7,331

7,728

7,178

7,026

TOTAL NON-INTEREST EXPENSE

125,813

142,095

106,865

110,743

101,409

95,396

100,253

98,507

98,073

108,490

66,159

71,408

66,322

66,725

62,434

64,137

61,789

67,460

67,495

64,804

57,211

46,974

44,354

39,842

44,551

41,678

30,903

30,319

31,912

32,166

28,686

28,244

28,637

28,446

27,600

28,659

29,945

26,758

27,276

INCOME BEFORE INCOME TAXES

97,930

65,698

105,101

71,540

60,093

67,353

66,095

67,345

65,278

45,457

43,530

34,125

31,811

39,386

34,211

34,718

35,123

31,364

32,638

30,345

12,917

18,309

12,325

14,372

5,284

4,584

9,893

9,502

8,557

11,889

9,768

9,325

9,033

8,863

10,526

9,594

6,816

10,713

11,419

Income Tax Expense (Benefit)

20,694

12,976

23,275

15,616

12,398

11,707

10,902

13,783

13,966

26,554

14,678

11,060

9,691

12,415

10,782

11,809

11,618

7,505

10,963

10,250

4,182

5,669

3,537

4,464

932

798

2,961

2,926

2,620

3,856

3,008

2,789

2,678

2,558

3,269

2,848

1,750

3,093

3,438

Net Income (Loss) Attributable to Parent

77,236

52,722

81,826

55,924

47,695

55,646

55,193

53,562

51,312

18,903

28,852

23,065

22,120

26,971

23,429

22,909

23,505

23,859

21,675

20,095

8,735

12,640

8,788

9,908

4,352

3,786

6,932

6,576

5,937

8,033

6,760

6,536

6,355

6,305

7,257

6,746

5,066

7,620

7,981

Preferred stock dividends

13

13

0

326

0

-

0

0

-

-

-

-

-

0

0

0

24

77

77

77

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME AVAILABLE TO COMMON STOCKHOLDERS

77,223

52,709

81,826

55,598

47,695

-

55,193

53,562

-

-

28,852

-

-

26,971

23,429

22,909

23,481

23,782

21,598

20,018

8,709

12,640

8,788

9,908

4,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

BASIC EARNINGS PER SHARE (in dollars per share)

0.68

0.47

0.85

0.58

0.52

0.60

0.60

0.58

0.56

-0.27

0.90

0.36

0.35

-0.71

0.77

0.75

0.77

-0.46

0.72

0.67

0.39

0.71

0.52

0.61

0.27

0.23

0.43

0.40

0.36

0.48

0.41

0.38

0.37

0.37

0.42

0.39

0.29

0.45

0.46

DILUTED EARNINGS PER SHARE (in dollars per share)

0.68

0.48

0.84

0.58

0.51

0.60

0.59

0.58

0.55

-0.27

0.89

0.36

0.35

-0.72

0.76

0.75

0.77

-0.47

0.72

0.67

0.39

0.72

0.52

0.60

0.27

0.23

0.43

0.40

0.36

0.48

0.41

0.38

0.37

0.37

0.42

0.39

0.29

0.44

0.46

Trust income
Non-interest income

7,151

7,430

6,108

5,794

5,708

5,980

6,277

5,622

5,249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts
Non-interest income

13,328

13,332

10,825

10,557

10,068

11,263

10,837

10,063

10,345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other service charges and fees
Non-interest income

1,588

1,915

1,308

1,312

1,289

1,501

1,201

2,017

2,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage lending income
Non-interest income

5,046

4,029

4,509

3,656

2,823

1,457

1,521

2,780

3,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SBA lending income
Non-interest income

296

321

956

895

497

186

304

350

973

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debit and credit card fees
Non-interest income

7,914

8,920

7,059

7,212

6,098

6,547

6,820

10,105

8,796

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-