Simmons First National Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simmons First National (NASDAQ:SFNC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$186.1m (down 11% from 2Q 2023).
• Net income: US$40.8m (down 30% from 2Q 2023).
• Profit margin: 22% (down from 28% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.32 (down from US$0.46 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Simmons First National EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Simmons First National you should be aware of.

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