SIMMONS FIRST NATIONAL CORP SFNC Income Statement

Simmons first national corp (SFNC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME
Loans
739,061	710,935	677,529	659,996	632,127	616,037	588,658	503,677	426,973	352,351	290,621	278,242	267,702	265,652	265,276	276,630	284,059	268,367	243,103	206,753	174,937	164,082	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Interest bearing balances due from banks and federal funds sold
7,773	7,486	7,029	6,848	7,141	5,996	4,775	4,020	2,820	1,933	1,258	871	734	756	0	0	0	-	-	738	788	857	941	1,043	1,116	1,127	1,177	1,210	1,207	1,220	1,243	1,219	1,168	1,100	899	829	0	0	0
Loans not covered by FDIC loss share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Loans covered by FDIC loss share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	13,469	9,765	0	0	0
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	255	126	55	27	20	14	17	19	16	11	0	-	0	0	-	6	11	10	0	0	0
Investment securities
69,560	66,898	64,002	63,275	60,977	57,318	53,014	47,592	43,286	40,115	37,359	35,915	34,424	33,479	33,128	33,689	33,240	30,613	27,589	23,971	20,687	19,357	17,983	16,694	14,947	13,300	12,455	12,054	12,348	12,721	13,183	13,695	14,153	14,583	15,197	16,123	0	0	0
Mortgage loans held for sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans held for sale
-	-	1,296	1,415	-	1,336	1,139	797	637	605	660	800	950	1,102	1,109	1,101	1,181	1,051	1,003	981	774	695	578	431	381	467	544	593	639	637	686	645	568	503	515	534	0	0	0
Assets held in trading accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	16	0	0	0	-	-	14	15	17	19	22	23	29	34	40	47	48	44	40	36	33	33	36	0	0	0
TOTAL INTEREST INCOME
817,791	786,645	749,856	731,534	701,633	680,687	647,586	556,086	473,716	395,004	329,874	315,808	303,810	301,005	300,265	312,046	319,315	300,948	272,567	232,583	197,256	185,035	176,990	166,186	154,915	143,113	134,456	131,757	130,378	129,134	126,873	127,367	128,571	129,056	129,401	128,899	0	0	0
INTEREST EXPENSE
Deposits
139,538	139,011	131,244	118,698	102,363	87,210	71,154	52,794	39,149	27,756	19,105	16,807	15,767	15,217	15,113	15,539	15,958	15,248	13,640	11,714	9,754	9,079	8,861	8,622	8,469	8,399	8,733	9,261	9,859	10,625	11,522	12,595	13,714	14,925	16,174	17,419	0	0	0
Federal funds purchased and securities sold under agreements to repurchase
1,633	1,010	763	618	449	423	399	378	382	347	340	316	283	273	243	239	237	236	306	306	280	269	194	185	207	219	229	252	276	310	363	407	433	450	458	468	0	0	0
Other borrowings
21,092	23,008	25,527	26,386	25,308	23,654	20,513	16,148	12,566	8,621	5,662	4,835	4,214	4,148	4,197	4,961	5,174	5,097	5,006	4,190	4,027	3,986	3,923	3,573	3,277	3,001	3,020	3,166	3,273	3,354	3,248	3,323	0	-	0	0	-	-	-
Subordinated notes and debentures
18,765	18,341	18,026	18,732	19,932	16,848	13,830	9,225	4,103	3,350	2,428	2,267	2,192	2,161	2,084	2,066	2,081	1,772	1,451	1,113	714	637	638	640	642	644	646	873	1,096	1,328	1,543	1,531	0	-	0	0	-	-	-
Short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
TOTAL INTEREST EXPENSE
181,028	181,370	175,560	164,434	148,052	128,135	105,896	78,545	56,200	40,074	27,535	24,225	22,456	21,799	21,637	22,805	23,450	22,353	20,403	17,323	14,775	13,971	13,616	13,020	12,595	12,263	12,628	13,552	14,504	15,617	16,666	17,822	19,027	20,396	21,982	23,554	0	0	0
NET INTEREST INCOME
636,763	605,275	574,296	567,100	553,581	552,552	541,690	477,541	417,516	354,930	302,339	291,583	281,354	279,206	278,628	289,241	295,865	278,595	252,164	215,260	182,481	171,064	163,374	153,166	142,320	130,850	121,828	118,205	115,874	113,517	110,207	109,545	109,544	108,660	107,419	105,345	0	0	0
Provision for credit loss expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	47,957	36,329	-	38,148	38,129	33,246	31,236	26,393	21,124	23,956	21,549	20,065	18,963	12,284	10,674	9,022	9,399	8,912	7,508	7,245	4,722	4,675	4,107	4,118	4,329	4,547	4,288	4,140	5,676	7,219	9,772	11,676	12,252	13,168	0	0	0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES
576,674	562,035	526,339	530,771	515,298	514,404	503,561	444,295	386,280	328,537	281,215	267,627	259,805	259,141	259,665	276,957	285,191	269,573	242,765	206,348	174,973	163,819	158,652	148,491	138,213	126,732	117,499	113,658	111,586	109,377	104,531	102,326	99,772	96,984	95,167	92,177	0	0	0
NON-INTEREST INCOME
Trust income
-	-	-	-	-	-	-	-	-	-	0	-	-	-	13,885	12,227	10,641	9,261	8,719	8,342	7,825	7,111	6,536	6,146	5,935	5,842	5,718	5,710	5,608	5,473	5,405	5,335	5,338	5,375	5,302	5,102	0	0	0
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	0	-	-	-	31,851	31,568	31,938	30,985	29,434	27,184	25,945	25,650	24,595	22,960	20,642	18,815	17,963	17,728	17,184	16,808	16,452	16,534	16,816	16,808	16,907	17,196	0	0	0
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	0	-	-	-	10,498	9,909	9,957	8,756	7,145	5,281	3,374	3,574	4,236	4,156	4,088	2,997	3,041	2,997	2,944	2,961	2,913	2,924	2,966	2,980	2,927	2,903	0	0	0
Mortgage and SBA lending income
-	-	-	-	-	-	-	-	-	-	0	-	-	-	14,198	13,305	12,024	11,452	10,615	8,981	6,794	5,342	4,800	4,110	4,186	4,592	5,229	5,812	5,919	5,997	5,908	5,452	4,856	4,188	3,966	3,649	0	0	0
Investment banking income
2,572	2,313	2,320	2,471	2,925	3,141	3,098	3,114	2,937	2,793	2,479	2,930	3,474	3,471	3,439	2,971	2,383	2,590	2,601	2,222	1,783	1,070	1,040	996	1,538	1,811	1,727	2,047	1,793	2,038	1,995	1,638	1,577	1,478	1,553	2,126	0	0	0
Debit and credit card fees
-	-	-	-	-	-	-	-	-	-	0	-	-	-	30,360	29,414	28,212	26,660	25,709	24,599	23,914	22,866	21,223	19,854	18,394	17,833	17,435	17,139	17,005	17,045	16,708	16,907	16,964	16,828	16,482	16,222	0	0	0
Premiums on sale of student loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Bank owned life insurance income
5,271	4,768	4,462	4,265	4,107	4,415	4,411	4,031	3,788	3,503	3,297	3,178	3,145	3,324	3,043	3,185	3,105	2,680	2,791	2,454	2,085	1,843	1,465	1,382	1,371	1,319	1,357	1,384	1,386	1,463	1,481	1,387	1,433	1,481	1,482	1,787	0	0	0
Gain on sale of securities, net
42,669	13,314	12,945	5,625	2,795	61	-1,190	-1,241	1,002	1,059	3,747	4,059	5,582	5,848	4,708	4,433	674	307	-16	-18	0	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Net loss on assets covered by FDIC loss share agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,812	-17,746	-12,405	-15,617	-20,316	-25,370	-25,069	-21,416	-16,188	-10,486	-9,732	-9,270	-9,793	-8,333	-5,357	-2,881	154	0	0	0	-	-
Gain on FDIC-assisted transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0
Loss on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Other income
67,100	58,500	58,928	20,028	20,093	19,900	18,231	20,607	19,686	19,300	18,900	18,379	18,767	18,788	19,589	19,840	19,034	16,782	18,670	14,301	15,258	15,044	9,751	8,001	3,914	3,746	3,558	2,836	2,979	2,966	2,822	3,528	4,517	4,173	3,866	3,764	0	0	0
TOTAL NON-INTEREST INCOME
249,111	201,509	192,161	142,111	141,153	143,896	145,937	148,544	146,240	138,765	138,251	138,795	139,939	139,382	131,571	117,767	105,827	94,661	87,928	80,891	71,331	62,192	48,338	42,616	38,501	40,616	47,642	49,141	48,961	48,371	46,471	48,348	51,586	53,465	55,444	59,003	0	0	0
NON-INTEREST EXPENSE
Salaries and employee benefits
239,352	227,795	213,753	217,203	216,753	216,743	216,838	196,608	175,135	154,314	138,823	135,322	134,220	133,457	139,182	144,398	146,406	138,243	123,593	107,485	93,356	89,210	84,271	81,080	78,035	74,078	71,819	70,029	68,682	66,999	65,298	64,920	64,766	65,058	63,894	63,425	0	0	0
Occupancy expense, net
34,043	32,008	29,752	29,123	30,125	29,610	29,294	26,509	23,456	21,159	18,975	18,737	18,859	18,667	17,589	17,711	17,772	16,858	15,874	14,266	12,500	12,833	12,923	12,204	11,369	10,034	9,801	9,498	9,077	8,603	8,222	8,264	8,335	8,443	8,419	8,039	0	0	0
Furniture and equipment expense
20,585	18,220	16,601	15,464	15,278	16,323	17,717	18,796	19,326	19,366	18,220	17,652	17,179	16,683	15,937	15,867	15,031	14,352	13,444	11,605	10,579	9,325	8,849	8,099	7,914	7,623	7,201	7,423	7,001	6,882	6,768	6,696	6,648	6,633	6,454	6,217	0	0	0
Other real estate and foreclosure expense
3,130	3,442	3,893	3,306	4,097	4,480	3,805	4,338	3,473	3,042	2,856	3,634	4,084	4,461	4,948	5,396	5,446	4,861	5,090	4,657	4,015	4,507	3,674	2,195	1,879	1,337	1,086	981	1,116	992	827	762	791	678	836	935	0	0	0
Deposit insurance
4,851	4,416	7,039	9,287	8,633	8,721	7,448	6,220	5,144	3,696	2,569	2,685	3,001	3,469	4,602	4,479	4,479	4,201	3,703	3,567	3,556	3,354	3,250	2,968	2,375	2,482	2,476	2,325	2,290	2,086	1,767	1,534	1,919	2,387	2,977	3,825	0	0	0
Merger related costs
35,977	36,379	12,345	10,593	4,536	4,777	18,024	17,972	23,110	21,923	10,725	11,497	5,266	4,835	3,226	2,559	3,434	13,760	13,739	16,510	16,617	7,470	12,667	9,229	7,408	6,376	778	0	0	-	0	-	-	357	491	934	0	0	0
Other operating expenses
147,578	138,852	131,030	122,825	116,143	111,575	112,197	100,786	94,486	88,879	78,446	77,362	77,009	73,513	70,336	70,471	68,980	64,695	61,041	55,253	47,758	49,022	44,791	41,199	38,471	32,882	31,873	31,158	30,706	30,275	30,316	30,751	30,716	31,094	29,891	29,263	0	0	0
TOTAL NON-INTEREST EXPENSE
485,516	461,112	414,413	407,801	395,565	392,229	405,323	371,229	344,130	312,379	270,614	266,889	259,618	255,085	255,820	260,881	261,548	256,970	236,484	213,343	188,381	175,721	170,425	156,974	147,451	134,812	125,300	123,083	121,008	117,733	114,013	112,927	113,342	114,650	112,962	112,638	0	0	0
INCOME BEFORE INCOME TAXES
340,269	302,432	304,087	265,081	260,886	266,071	244,175	221,610	188,390	154,923	148,852	139,533	140,126	143,438	135,416	133,843	129,470	107,264	94,209	73,896	57,923	50,290	36,565	34,133	29,263	32,536	39,841	39,716	39,539	40,015	36,989	37,747	38,016	35,799	37,649	38,542	0	0	0
Income Tax Expense (Benefit)
72,561	64,265	62,996	50,623	48,790	50,358	65,205	68,981	66,258	61,983	47,844	43,948	44,697	46,624	41,714	41,895	40,336	32,900	31,064	23,638	17,852	14,602	9,731	9,155	7,617	9,305	12,363	12,410	12,273	12,331	11,033	11,294	11,353	10,425	10,960	11,129	0	0	0
Net Income (Loss) Attributable to Parent
267,708	238,167	241,091	214,458	212,096	215,713	178,970	152,629	122,132	92,940	101,008	95,585	95,429	96,814	93,702	91,948	89,134	74,364	63,145	50,258	40,071	35,688	26,834	24,978	21,646	23,231	27,478	27,306	27,266	27,684	25,956	26,453	26,663	25,374	26,689	27,413	0	0	0
Preferred stock dividends
352	339	326	326	0	-	0	0	-	-	-	-	-	24	101	178	255	257	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS
267,356	237,828	240,312	212,048	0	-	0	0	-	-	0	-	-	96,790	93,601	91,770	88,879	74,107	62,965	50,155	40,045	35,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
26,483	25,040	23,590	23,759	23,587	23,128	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
Non-interest income
48,042	44,782	42,713	42,725	42,231	42,508	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other service charges and fees
Non-interest income
6,123	5,824	5,410	5,303	6,008	7,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage lending income
Non-interest income
17,240	15,017	12,445	9,457	8,581	9,230	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SBA lending income
Non-interest income
2,468	2,669	2,534	1,882	1,337	1,813	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit and credit card fees
Non-interest income
31,105	29,289	26,916	26,677	29,570	32,268	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-