Simmons First National Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

Simmons First National (NASDAQ:SFNC) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$236.5m (up 11% from 3Q 2021).
• Net income: US$80.6m (flat on 3Q 2021).
• Profit margin: 34% (down from 38% in 3Q 2021).
  • The decrease in margin was driven by higher expenses.
• EPS: US$0.63.

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 4.1%. Earnings per share (EPS) exceeded analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 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 down 5.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Simmons First National that you should be aware of.

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