At a glance
Simmons First National Corporation is worth $3.33B. Revenue fell 86.7% to $103.2M in fiscal 2025, at a loss; over 5 years it has grown 34.8% a year. It pays a 3.77% dividend yield, raised every year for at least 9 years, and returned $778.3M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +33.4% over the past year with dividends reinvested and −1.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 38.7% in the 2020 crash (S&P 500: 33.7%) and 36.4% in the 2022 bear market (S&P 500: 24.5%).
The business in plain English
Simmons First National Corporation, based in Pine Bluff, Arkansas, owns Simmons Bank, which has operated since 1903. The bank runs about 222 financial centers in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. As of December 31, 2025, the company had $24.54 billion in assets, $17.49 billion in loans and $20.18 billion in deposits.
The bank is organized into three groups. Community banking serves individuals and small-to-mid-size customers, and it also handles mortgages. Commercial banking serves larger companies with complex needs. The wealth group offers trust and investment services. The bank's products include checking accounts, certificates of deposit and credit cards. It also lends for commercial real estate, construction, equipment, farms and small businesses. Its insurance agencies sell personal and business coverage.
Simmons makes most of its money from net interest income. That is the gap between what it earns on loans and securities and what it pays depositors. Net interest income was $719 million in fiscal 2025. Noninterest income, which is usually made up of fees, was negative $616 million that year, and the company had a $398 million net loss. Much of its growth has come from buying other banks. One example is Spirit of Texas, bought in April 2022, which added about $3.1 billion in assets. The company says it will focus for now on growing in the markets it already serves.
Price history
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SFNC +33.4% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $248.6M, up 16.1% from a year earlier, and net income was $66.7M (+21.8%).
- For fiscal 2025, revenue was $103.2M (-86.7% year over year; -34.8% a year from FY2020 to FY2025) with a -385.1% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | -34.8% weak |
|---|---|
| Return on equity | -11.6% weak |
| Net income / revenue | -385.1% weak |
| Deposits | $19.73B |
| Loans | $17.82B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $879.5M | $254.9M | — |
| FY2021 | $783.3M | $271.2M | — |
| FY2022 | $887.4M | $256.4M | — |
| FY2023 | $805.7M | $175.1M | — |
| FY2024 | $775.6M | $152.7M | — |
| FY2025 | $103.2M | $-397.6M | — |
Valuation snapshot
| Market value | $3.33B |
|---|---|
| P/E ratio | — |
| Dividend yield | 3.77% |
Rank among 1514 US companies
Market value at each year end
Simmons First National’s market value went from $1.94B at the end of 2016 to $3.33B on Oct 28, 2026, up 72%; since the end of 2025 it is up 22%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $3.33B | +22.2% |
| 2025 | $2.73B | -2.1% |
| 2024 | $2.79B | +12.2% |
| 2023 | $2.48B | -9.4% |
| 2022 | $2.74B | -19.3% |
| 2021 | $3.40B | +44.5% |
| 2020 | $2.35B | -9.2% |
| 2019 | $2.59B | +16.3% |
| 2018 | $2.23B | -15.1% |
| 2017 | $2.62B | +35.1% |
| 2016 | $1.94B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SFNC price data to Oct 28, 2026 | +26.3% | +33.4% | +22.6% | -1.2% | +2.7% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +26.3% |
| 2025 | -11.3% |
| 2024 | +16.7% |
| 2023 | -4.0% |
| 2022 | -24.6% |
| 2021 | +40.3% |
| 2020 | -16.2% |
| 2019 | +13.9% |
| 2018 | -13.7% |
| 2017 | -6.4% |
| 2016 | +23.3% |
| 2015 | +28.9% |
| 2014 | +11.8% |
| 2013 | +51.0% |
| 2012 | -3.6% |
| 2011 | -1.6% |
| 2010 | +5.4% |
| 2009 | -2.9% |
| 2008 | +14.1% |
| 2007 | -13.3% |
| 2006 | +15.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 27.5% over that stretch · deepest drop along the way 42.6%, back to its old high 54.5 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 36.5% over that stretch · deepest drop along the way 38.7%, back to its old high 9.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 22.6% over that stretch · deepest drop along the way 36.4%, not recovered by the end of the data |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| Vanguard Portfolio Management | 6.15% | Mar 31, 2026 |
| Vanguard Capital Management | 5.27% | Mar 31, 2026 |
| STATE STREET CORPORATION | 5.2% | Dec 31, 2025 |
| Dimensional Fund Advisors LP | 4.3% | Mar 31, 2026 |
ETFs with the most weight in SFNC
| JPSV JPMorgan Active Small Cap Value ETF | 1.26% |
| KBE SPDR S&P Bank ETF | 0.85% |
| PSCF Invesco S&P SmallCap Financials ETF | 0.73% |
| SCDS JPMorgan Fundamental Data Science Small Core ETF | 0.51% |
| SVAL iShares US Small Cap Value Factor ETF | 0.47% |
| KRE SPDR S&P Regional Banking ETF | 0.43% |
| USVM VictoryShares US Small Mid Cap Value Momentum ETF | 0.41% |
| HEJD VictoryShares Hedged Equity Income ETF | 0.35% |
What could go wrong
- Six-state footprint concentrates local risk. Its lending, including real estate loans, is concentrated in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. A regional downturn or falling property values there could hurt results more than at a more widely spread lender.
- Heavy commercial real estate and business lending. Large parts of the loan book are commercial real estate, construction and development, and commercial and industrial (general business) loans. The company says these carry heightened risk. Foreclosed property may sell for less than its appraisal.
- Rising deposit costs squeeze lending profits. As rates rose, customers moved money from low-cost accounts into higher-paying ones. The company says this raised its cost of funds and cut its net interest margin, the spread it earns on lending.
- Investment portfolio can lose value. It held $3.27 billion of available-for-sale securities as of December 31, 2025. Rising rates or weaker issuer credit can cut their value. That reduces shareholders' equity even before any are sold.
- Acquisitions and goodwill may disappoint. Simmons has completed 21 whole-bank acquisitions since 1990. Mergers are complex and may not pay off. Goodwill, the premium paid in past purchases, could lose value and be written down.
- Dividend not guaranteed; share count has grown. The company says it may be unable to, or choose not to, pay dividends. Regulators can require it to support the bank first. Its share count rose 33.5% between August 2021 and July 2026.
Recent events
- Quarterly results released; Investor presentation or announcement
- Restructuring or exit costs; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change; Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Other company announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Executive or board change
For income and retirement investors
Simmons has raised its regular dividend at least nine years in a row through fiscal 2025. Dividends per share grew from $0.68 in 2020 to $0.85 in 2025, about 4.6% a year, though the 2025 increase, from $0.84, was small. The yield was 3.77% as of October 28, 2026. In fiscal 2025 the company paid $115 million in dividends while losing $398 million, so earnings did not cover the payout. Buybacks totaled $284 million over fiscal 2021–2025, with none in 2024 or 2025. The share count rose 33.5% from August 2021 to July 2026.
The shares dropped 42.6% in the 2008 financial crisis and did not regain their earlier peak until September 2013. They fell 38.7% in the 2020 COVID crash and recovered by January 2021. In the 2022 bear market they lost 36.4% and had not regained that peak as of October 28, 2026. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Simmons First National make money?
Mainly from lending. Simmons Bank earns more interest on its loans and securities than it pays on deposits. That gap, called net interest income, was $719 million in fiscal 2025. The bank also offers trust and investment management, treasury management (cash-handling services for businesses), credit cards and insurance. It runs about 222 financial centers in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas, serving consumers, small businesses and larger companies.
Does Simmons First National raise its dividend every year?
Yes, at least nine years in a row through fiscal 2025, and the streak may be longer. Regular dividends were $0.85 per share for fiscal 2025, compared with $0.84 in 2024 and $0.68 in 2020. The company warns it may be unable to, or choose not to, pay dividends. In fiscal 2025 it paid $115 million in dividends despite a $398 million net loss, so earnings did not cover the payout that year.
What is SFNC's dividend yield?
The dividend yield was 3.77% as of October 28, 2026. On that date the company's stock market value was about $3.33 billion. Regular dividends were $0.85 per share for fiscal 2025. Yield is yearly dividends divided by the share price, so it falls when the price rises and climbs when the price drops. The share price was up 33.4% over the year to October 28, 2026.
Is Simmons First National profitable?
Not for fiscal 2025, but it earned $66.7 million in the quarter ended June 30, 2026, up 21.8% from a year earlier. In fiscal 2025 the company lost $398 million, or $2.95 per diluted share. Noninterest income was negative $616 million, which offset most of its $719 million in net interest income. Return on equity measures profit against shareholders' capital. It was negative 11.6% that year.
How has SFNC stock performed?
Strong over the past year, weak over longer periods. As of October 28, 2026, the share price was up 33.4% over one year and 26.3% year to date. Over five years it fell about 1.2% a year. Over ten years it rose only about 2.7% a year. Calendar-year results swing widely, from a 40.3% gain in 2021 to a 24.6% loss in 2022 and an 11.3% loss in 2025.