Simmons First National Corporation (SFNC) Financial Statements (2024 and earlier)

Company Profile

Business Address 501 MAIN STREET
PINE BLUFF, AR 71601
State of Incorp. AR
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments745,912524,451682,122679,410964,8471,687,017
Cash and cash equivalents745,912524,451682,122679,410964,8471,687,017
Total current assets:745,912524,451682,122679,410964,8471,687,017
Noncurrent Assets
Operating lease, right-of-use asset57,17160,02746,84549,30851,87952,912
Intangible assets, net (including goodwill)1,562,3151,570,5071,577,5001,575,1181,585,0981,352,503
Goodwill1,320,7991,320,7991,319,5981,309,0001,310,5281,147,007
Intangible assets, net (excluding goodwill)241,516249,708257,902266,118274,570205,496
Total noncurrent assets:1,619,4861,630,5341,624,3451,624,4261,636,9771,405,415
Other undisclosed assets25,593,72525,428,46125,154,59424,772,23824,616,78521,389,836
TOTAL ASSETS:27,959,12327,583,44627,461,06127,076,07427,218,60924,482,268
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   785,000  1,300,000
Total current liabilities:   785,000  1,300,000
Noncurrent Liabilities
Long-term debt and lease obligation389,405389,846390,285400,722456,9381,721,485
Long-term debt, excluding current maturities389,405389,846390,285400,722456,9381,721,485
Total noncurrent liabilities:389,405389,846390,285400,722456,9381,721,485
Other undisclosed liabilities24,213,39223,853,69923,016,41423,518,20123,501,77618,499,176
Total liabilities:24,602,79724,243,54524,191,69923,918,92323,958,71421,520,661
Equity
Equity, attributable to parent3,356,3263,339,9013,269,3623,157,1513,259,8952,961,607
Common stock1,2621,2731,2701,2691,2881,125
Additional paid in capital2,516,3982,533,5892,530,0662,527,1532,569,0602,150,453
Accumulated other comprehensive loss(469,988)(470,681)(517,560)(567,730)(450,428)(326,961)
Retained earnings1,308,6541,275,7201,255,5861,196,4591,139,9751,136,990
Total equity:3,356,3263,339,9013,269,3623,157,1513,259,8952,961,607
TOTAL LIABILITIES AND EQUITY:27,959,12327,583,44627,461,06127,076,07427,218,60924,482,268

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
248,469230,363218,895189,664166,758127,825
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(61)(24,216)(26)(103)(33,859) 
Gross profit:248,408206,147218,869189,561132,899127,825
Operating expenses(40,561)(40,140)(41,230)(42,099)(42,080)(37,907)
Other operating income, net
(Noninterest Income, Other Operating Income)
9,84311,2566,6006,6586,8377,266
Operating income:217,690177,263184,239154,12097,65697,184
Nonoperating income51,30651,74748,66443,85640,41136,418
Investment income, nonoperating48,75148,77445,68940,95437,84833,712
Interest and debt expense(133,990)(101,302)(71,558)(37,033)(19,707)(16,121)
Income from continuing operations before income taxes:135,006127,708161,345160,943118,360117,481
Income tax expense(10,139)(10,637)(11,812)(16,959)(7,151)(14,226)
Income from continuing operations:124,867117,071149,533143,984111,209103,255
Income before gain (loss) on sale of properties:143,984111,209103,255
Net income:124,867117,071149,533143,984111,209103,255
Other undisclosed net loss attributable to parent(66,553)(71,482)(66,273)(63,381)(83,755)(38,160)
Net income available to common stockholders, diluted:58,31445,58983,26080,60327,45465,095

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:124,867117,071149,533143,984111,209103,255
Other comprehensive income    41,50443,685111,955
Other undisclosed comprehensive loss   (197,144)   
Comprehensive income (loss):124,867117,071(47,611)185,488154,894215,210
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(65,860)(24,603)181,041(222,187)(250,907)(466,531)
Comprehensive income (loss), net of tax, attributable to parent:59,00792,468133,430(36,699)(96,013)(251,321)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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