Simmons First National Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

November 12, 2024

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

Key Financial Results

Revenue: US$162.7m (down 14% from 3Q 2023).
Net income: US$24.7m (down 48% from 3Q 2023).
Profit margin: 15% (down from 25% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.20 (down from US$0.38 in 3Q 2023).

earnings-and-revenue-growth — NasdaqGS:SFNC Earnings and Revenue Growth November 12th 2024

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

Simmons First National EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 9.5% from a week ago.

Valuation

Simmons First National's financial results now indicate the company's shares could be facing some headwinds based on 6 important indicators. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.