Simmons First National (NASDAQ:SFNC) Misses Q3 2026 Revenue Estimates
Simmons First National (SFNC) reported Q3 2026 earnings, missing revenue estimates by 1.2% but beating net interest margin expectations. Net interest income grew 9.3% year-on-year but missed estimates by 0.8%. Adjusted EPS met expectations, while efficiency ratio and tangible book value per share missed estimates.
How this was made
The 30-second read
Why it matters
The combination of a revenue miss, a large efficiency ratio miss, and a tangible book per share miss can shift expectations for cost discipline and book-value trajectory, even with EPS in line.
Market read
Traders can reassess near-term valuation and expectations for operating efficiency and balance-sheet strength based on the disclosed variances versus Street estimates.
What to watch
Net interest income and NIM were close to or above estimates, which may offset some of the efficiency and tangible book concerns if management commentary indicates normalization.
Background
The article summarizes Simmons First National’s Q3 2026 results versus analyst estimates across revenue, net interest income, margins, efficiency, EPS, and tangible book value per share.
Ticker impact
Simmons First National reported Q3 2026 revenue of $251.2M, missing estimates, and a much worse efficiency ratio than analysts expected.
Likely downside pressure as investors focus on the efficiency ratio deterioration and tangible book miss despite EPS being in line.
The article provides multiple earnings-line items versus consensus, with the largest relative miss in the efficiency ratio (71.6% vs 55.2%) and a tangible book per share miss (6.8%).
Market effects
Adds another data point that regional bank operating efficiency and balance-sheet metrics may be under pressure versus Street expectations.
Could modestly weigh on sentiment for US regional banks with similar funding and efficiency profiles.
Limited, as this is a single-company earnings miss without broader macro or cross-border spillover.
Counterpoint
EPS and net interest margin beat/held up, so the stock reaction may be muted if investors believe the efficiency ratio is temporary or driven by one-off items not captured in the headline.
Key entities
- companySimmons First National
US regional bank reporting Q3 2026 results versus consensus, including a large efficiency ratio miss and tangible book per share shortfall.
