Simmons First National (SFNC) Q4 FY2023 earnings: revenue $178 million, down 25.3% on the year

Simmons First National Corp. (SFNC) reported revenue of $178 million for Q4 FY2023, the quarter ended 31 December 2023, down 25.3% on the same quarter a year earlier. Net income was $24 million, down 71.3% on the year, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.

Revenue$178 milliondown 25.3%

Net income$24 milliondown 71.3%

Diluted EPS$0.19

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	178	196	n/a	n/a
Interest expense	168	157	n/a	n/a
Income tax	-4.5	9.2	n/a	n/a
Net income	23.9	47.2	n/a	n/a
Net margin	13.5%	24.1%	n/a
Diluted EPS	$0.19	$0.37	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	421	-38.5	n/a	n/a
Capital expenditure	6.5	7.8	n/a	n/a
Free cash flow	414	-46.3	n/a	n/a
Cash from investing	-18.3	255	n/a	n/a
Cash from financing	-394	-356	n/a	n/a
Depreciation and amortisation	11.9	12.0	n/a	n/a
Share-based compensation	2.6	1.6	n/a	n/a
Buybacks	0.3	20.0	n/a	n/a
Dividends paid	25.0	25.1	n/a	n/a
Dividend per share	n/a	$0.20	n/a	n/a
Diluted shares, weighted	127m	126m	n/a	n/a
Shares outstanding at period end	125m	125m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	3,426	3,286	n/a	n/a
Deposits	22,245	22,231	n/a	n/a
Repurchase agreements	68.0	74.5	n/a	n/a
Debt	1,339	1,714	n/a	n/a
Other liabilities	268	259	n/a	n/a
Total liabilities and equity	27,346	27,564	n/a	n/a
Goodwill	1,321	1,321	n/a	n/a
Intangible assets	113	117	n/a	n/a
Securities held for sale or to maturity	6,878	7,101	n/a	n/a
Loans	16,620	16,553	n/a	n/a
Cash and equivalents	614	606	n/a	n/a
Other assets	1,799	1,867	n/a	n/a
Total assets	27,346	27,564	n/a	n/a

Questions

What was Simmons First National's revenue in Q4 FY2023?

Simmons First National (SFNC) reported revenue of $178 million for Q4 FY2023, the quarter ended 31 December 2023, down 25.3% on the same quarter a year earlier.

How much did Simmons First National earn in Q4 FY2023?

Net income for Q4 FY2023 was $24 million, down 71.3% on the year, and diluted earnings per share $0.19.

When did Simmons First National report Q4 FY2023 results?

Simmons First National filed its 10-K for the year that ended with the quarter on 27 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	196	178	195	197	175	208	210	214	-570	249	241	249
Interest expense	157	168	171	175	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	47.2	23.9	38.9	40.8	24.7	48.3	32.4	54.8	-563	78.1	68.5	66.7
Net margin	24%	13%	20%	21%	14%	23%	15%	26%	n/a	31%	28%	27%
Diluted EPS	$0.37	$0.19	$0.31	$0.32	$0.20	$0.38	$0.26	$0.43	-$4.00	$0.54	$0.47	$0.46
Operating cash flow	-38.5	421	57.6	86.1	199	82.9	32.8	77.6	223	116	40.3	145
Capital expenditure	7.8	6.5	9.8	13.4	11.7	10.6	10.2	11.3	6.7	10.0	6.3	19.0
Free cash flow	-46.3	414	47.7	72.7	188	72.3	22.6	66.3	217	106	34.0	126
Buybacks	20.0	0.3	n/a	n/a	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	25.1	25.0	26.3	26.4	26.4	26.4	26.8	26.8	30.8	30.8	31.2	31.1
Shares outstanding	125m	125m	125m	125m	126m	126m	126m	126m	145m	145m	145m	144m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 27 February 2024, accession 0001628280-24-007263: the filing on EDGAR. All of Simmons First National Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install