Simmons First National Earnings: What To Look For From SFNC

Regional banking company Simmons First National (NASDAQ:SFNC) will be reporting results this Thursday after market hours. Here’s what you need to know.

Simmons First National beat analysts’ revenue expectations last quarter, reporting revenues of $244.4 million, up 13.1% year on year. It was a slower quarter for the company, with EPS in line with analysts’ estimates and a slight miss of analysts’ tangible book value per share estimates.

Is Simmons First National a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Simmons First National’s revenue to grow 14% year on year, improving from the 8.3% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Simmons First National has a history of exceeding Wall Street’s expectations.

Looking at Simmons First National’s peers in the banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FB Financial delivered year-on-year revenue growth of 27.5%, missing analysts’ expectations by 0.7%, and Citigroup reported revenues up 14.3%, topping estimates by 4.5%. FB Financial traded up 2.7% following the results.

Read our full analysis of FB Financial’s results here and Citigroup’s results here.

There has been positive sentiment among investors in the banks segment, with share prices up 4.2% on average over the last month. Simmons First National is up 4.2% during the same time and is heading into earnings with an average analyst price target of $24.14 (compared to the current share price of $22.92).

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