SOURCE: Simmons First National Corporation

July 19, 2007 09:15 ET

Simmons First Announces Second Quarter Earnings

PINE BLUFF, AR--(Marketwire - July 19, 2007) - Simmons First National Corporation (NASDAQ: SFNC) today announced second quarter earnings for the period ended June 30, 2007. Net income for the second quarter was $7.0 million, or $0.49 diluted earnings per share, compared to $0.51 per share for the same period in 2006. For the six-month period ended June 30, 2007, net income was $13.7 million, or $0.95 diluted earnings per share, compared to $0.92 per share for the same period in 2006, an increase of $0.03, or 3.3%.

"Considering the competitive challenges and our de novo expansion strategy, we are relatively pleased with our second quarter and year-to-date earnings results," commented J. Thomas May, Chairman and Chief Executive Officer. "In particular, we were pleased to see an improvement in our net interest margin on a linked quarter basis, good expense control, and a continuation of excellent asset quality at each of our eight community banks."

The Company's net interest income for the second quarter of 2007 increased 2.7% to $22.8 million compared to $22.2 million for 2006. Net interest margin was 3.96% for the second quarter of 2007, an increase of eight basis points from the previous quarter.

The Company's loan portfolio totaled $1.82 billion at June 30, 2007 compared to $1.74 billion at June 30, 2006, an increase of 4.8%. The growth was primarily attributable to an increase of 8.6% in real estate loans along with a 5.9% increase in the credit card portfolio. "Credit card growth has improved significantly due to the tremendous response we have received regarding Simmons First credit card products," stated Mr. May. "We were recognized in the July issue of Money Magazine as having two of the best credit cards in America. Our Classic card was ranked #3 in the category of 'no fee cards with the lowest rates,' while our fixed rate Platinum card was ranked #1 in the category 'premium cards with the lowest rate.'"

Asset quality remained strong with the allowance for loan losses as a percent of total loans at 1.38% as of June 30, 2007. Non-performing loans equaled 0.58% of total loans, while the allowance for loan losses equaled 237% of non-performing loans. The Company's annualized net charge-offs to total loans for the second quarter of 2007 was 0.17%. Excluding credit cards, the annualized net charge-offs to total loans for the second quarter was 0.10%.

Total assets for the Company were $2.7 billion and deposits were $2.2 billion at June 30, 2007. Stockholders' equity increased 6.5% to $263 million at June 30, 2007 compared to $247 million at June 30, 2006. Book value per share increased 7.6% to $18.73 at June 30, 2007 compared to $17.41 at June 30, 2006.

Simmons First plans to open new financial centers in Paragould, North Little Rock -- McCain and North Little Rock -- Sherwood during 2007. "We are excited about our initial entry into the new markets of North Little Rock in August and Paragould during the fourth quarter," said May. In addition, in early 2008, a new financial center will be opened in Little Rock -- Midtown (near War Memorial Stadium and UAMS) and a new regional headquarters in Rogers for the Northwest Arkansas affiliate.

Simmons First National Corporation is an Arkansas based financial holding company with eight community banks in Pine Bluff, Lake Village, Jonesboro, Rogers, Searcy, Russellville, El Dorado and Hot Springs, Arkansas. The Company's eight banks conduct financial operations from 86 offices, of which 82 are financial centers, in 48 communities.

CONFERENCE CALL

Management will conduct a conference call to review this information at 3:00 p.m. Central Time on Thursday, July 19, 2007. Interested parties can listen to this call by calling 1-800-854-4175 (United States and Canada only) and asking for the Simmons First National Corporation conference call. A recorded playback of the call will be available the next morning by calling 1-800-642-1687. The passcode for this playback is 5019662 and the recording will be available through the end of business July 31, 2007. In addition, the call will be available live or in recorded version on the Company's website at www.simmonsfirst.com under the "webcast" icon.

GENERAL

Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Simmons First National Corporation's financial results is included in its Form 10-K filing with the Securities and Exchange Commission.


Simmons First National Corporation                                   SFNC
Consolidated End of Period Balance Sheets
For the Quarters Ended
(Unaudited)

                  Jun 30      Mar 31      Dec 31      Sep 30      Jun 30
                   2007        2007        2006        2006        2006
                ----------  ----------  ----------  ----------  ----------
       (in thousands)
ASSETS
Cash and
 non-interest
 bearing
 balances due
 from banks     $   71,915  $   71,513  $   83,452  $   77,724  $   89,275
Interest
 bearing
 balances due
 from banks         45,084      43,614      45,829      19,599      26,265
Federal funds
 sold                2,600      60,270      21,870      49,340      22,570
                ----------  ----------  ----------  ----------  ----------
   Cash and
    cash
    equivalents    119,599     175,397     151,151     146,663     138,110

Investment
 securities -
 held-to-
 maturity          178,841     181,901     179,944     172,944     164,612
Investment
 securities -
 available-
 for-sale          346,740     338,222     347,182     358,561     363,217
Mortgage loans
 held for sale       9,928       8,718       7,091       6,591      13,248
Assets held in
 trading
 accounts            4,496      10,464       4,487       4,574       4,606

Loans            1,821,430   1,798,234   1,783,495   1,788,517   1,738,628
  Allowance
   for loan
   losses          (25,197)    (25,151)    (25,385)    (25,879)    (26,174)
                ----------  ----------  ----------  ----------  ----------
     Net loans   1,796,233   1,773,083   1,758,110   1,762,638   1,712,454

Premises and
 equipment          70,873      69,443      67,926      66,769      65,686
Foreclosed
 assets held
 for sale, net       1,484       2,321       1,940       1,413       1,740
Interest
 receivable         21,868      21,312      21,974      21,953      18,571
Bank owned
 life
 insurance          36,881      36,498      36,133      35,708      33,985
Goodwill            60,605      60,605      60,605      60,605      60,605
Core deposit
 premiums            3,786       3,993       4,199       4,406       4,613
Other assets         9,084       9,739      10,671      14,117      15,809
                ----------  ----------  ----------  ----------  ----------


  TOTAL ASSETS  $2,660,418  $2,691,696  $2,651,413  $2,656,942  $2,597,256
                ==========  ==========  ==========  ==========  ==========

LIABILITIES
Non-interest
 bearing
 transaction
 accounts       $  308,047  $  316,603  $  305,327  $  302,700  $  330,946
Interest
 bearing
 transaction
 accounts and
 savings
 deposits          763,017     753,110     738,763     745,649     761,346
Time deposits
 less than
 $100,000          686,456     686,650     681,131     664,105     623,609
Time deposits
 greater than
 $100,000          422,580     450,558     450,310     436,022     394,489
                ----------  ----------  ----------  ----------  ----------
  Total
   deposits      2,180,100   2,206,921   2,175,531   2,148,476   2,110,390
                ----------  ----------  ----------  ----------  ----------
Federal funds
 purchased and
 securities
 sold under
 agreements
 to repurchase     97,947     108,661     105,036      85,535      89,684
Short-term
 debt              11,072       5,009       6,114      61,850      45,054
Long-term debt
 - parent
  company           2,000       2,000       2,000       2,000       4,000
Long-term FHLB
 debt -
 affiliate
 banks              49,669      50,652      50,381      49,243      48,143
Subordinated
 debt issued
 to capital
 trusts             30,930      30,930      30,930      30,930      30,930
Accrued
 interest and
 other
 liabilities        25,395      25,353      22,405      24,316      21,876
                ----------  ----------  ----------  ----------  ----------
  TOTAL
   LIABILITIES   2,397,113   2,429,526   2,392,397   2,402,350   2,350,077
                ----------  ----------  ----------  ----------  ----------

STOCKHOLDERS'
 EQUITY
Capital stock          141         141         142         142         142
Surplus             44,773      46,890      48,678      49,068      49,607
Undivided
 profits           220,981     216,483     212,394     208,200     203,165
Accumulated
 other
 comprehensive
 income (loss)
  Unrealized
   appreciation
   (depreciation)
   on AFS
   securities       (2,590)     (1,344)     (2,198)     (2,818)     (5,735)
                ----------  ----------  ----------  ----------  ----------
   TOTAL
    STOCKHOLDERS'
    EQUITY         263,305     262,170     259,016     254,592     247,179
                ----------  ----------  ----------  ----------  ----------

   TOTAL
    LIABILITIES
    AND
    STOCKHOLDERS'
    EQUITY      $2,660,418  $2,691,696  $2,651,413  $2,656,942  $2,597,256
                ==========  ==========  ==========  ==========  ==========




 Simmons First National Corporation                                SFNC
 Consolidated Average Quarter-to-Date Balance Sheets

 For the Quarters
 Ended            Jun 30      Mar 31      Dec 31      Sep 30      Jun 30
 (Unaudited)       2007        2007        2006        2006        2006
                ----------  ----------  ----------  ----------  ----------
       (in thousands)
 ASSETS
 Cash and
  non-interest
  bearing
  balances due
  from banks    $   72,066  $   75,172  $   80,670  $   78,708  $   77,064
 Interest
  bearing
  balances due
  from banks        22,636      37,957      24,237      16,851      21,929
 Federal funds
  sold              25,263      51,383      25,554      22,966      16,138
                ----------  ----------  ----------  ----------  ----------
   Cash and
    cash
    equivalents    119,965     164,512     130,461     118,525     115,131

 Investment
  securities -
  held-to-
  maturity         180,486     179,479     174,132     167,182     157,252
 Investment
  securities -
  available-
  for-sale         350,567     349,887     355,196     360,584     373,434
 Mortgage loans
  held for sale      9,241       6,362       7,299       8,368       8,426
 Assets held in
  trading
  accounts           4,567       4,746       4,555       4,598       4,575

 Loans           1,802,917   1,782,125   1,779,528   1,769,131   1,716,396
    Allowance
     for loan
     losses        (25,791)    (25,824)    (26,168)    (26,255)    (26,997)
                ----------  ----------  ----------  ----------  ----------
      Net loans  1,777,126   1,756,301   1,753,360   1,742,876   1,689,399

 Premises and
  equipment         69,967      68,871      67,438      66,044      65,485
 Foreclosed
  assets held
  for sale, net      1,934       2,121       1,488       1,525       1,664
 Interest
  receivable        22,086      21,464      22,681      20,922      18,092
 Bank owned
  life
  insurance         36,691      36,300      35,916      35,226      33,778
 Goodwill           60,605      60,605      60,605      60,605      60,605
 Core deposit
  premiums           3,907       4,111       4,317       4,527       4,733
 Other assets        9,063       9,292      10,995      13,215      12,688
                ----------  ----------  ----------  ----------  ----------

   TOTAL ASSETS $2,646,205  $2,664,051  $2,628,443  $2,604,197  $2,545,262
                ==========  ==========  ==========  ==========  ==========

 LIABILITIES
 Non-interest
  bearing
  transaction
  accounts      $  309,753  $  306,020  $  305,447  $  302,490  $  311,102
 Interest
  bearing
  transaction
  accounts and
  savings
  deposits         739,972     731,214     728,085     722,920     751,262
 Time deposits
  less than
  $100,000         688,493     687,109     678,399     658,182     624,395
 Time deposits
  greater than
  $100,000         435,405     451,004     441,505     416,693     394,492
                ----------  ----------  ----------  ----------  ----------
    Total
     deposits    2,173,623   2,175,347   2,153,436   2,100,285   2,081,251
                ----------  ----------  ----------  ----------  ----------
 Federal funds
  purchased and
  securities
  sold under
  agreements
  to repurchase     99,808     118,011     102,109      93,670      96,041
 Short-term
  debt               3,088       4,031       8,594      54,119      15,804
 Long-term debt     82,177      82,185      82,358      80,826      82,957
 Accrued
  interest and
  other
  liabilities       22,465      22,002      23,157      22,804      20,486
                ----------  ----------  ----------  ----------  ----------
   TOTAL
    LIABILITIES  2,381,161   2,401,576   2,369,654   2,351,704   2,296,539
                ----------  ----------  ----------  ----------  ----------

   TOTAL
    STOCKHOLDERS'
    EQUITY         265,044     262,475     258,789     252,493     248,723
                ----------  ----------  ----------  ----------  ----------

   TOTAL
    LIABILITIES
    AND
    STOCKHOLDERS'
    EQUITY      $2,646,205  $2,664,051  $2,628,443  $2,604,197  $2,545,262
                ==========  ==========  ==========  ==========  ==========




 Simmons First National Corporation                                  SFNC
 Consolidated Statements of Income - Quarter-to-Date

 For the Quarters Ended        Jun 30   Mar 31   Dec 31   Sep 30   Jun 30
 (Unaudited)                     2007     2007     2006     2006     2006
                               -------- -------- -------- -------- --------
     (in thousands, except per share data)
 INTEREST INCOME
    Loans                      $ 35,051 $ 34,095 $ 34,543 $ 33,924 $ 31,694
    Federal funds sold              395      701      365      325      192
    Investment securities         5,889    5,721    5,447    5,183    4,978
    Mortgage loans held for
     sale, net of unrealized
     gains (losses)                 133      104      107      141      128
    Assets held in trading
     accounts                        35       18       13       14       19
    Interest bearing balances
     due from banks                 297      510      287      229      259
                               -------- -------- -------- -------- --------
        TOTAL INTEREST INCOME    41,800   41,149   40,762   39,816   37,270
                               -------- -------- -------- -------- --------
 INTEREST EXPENSE
    Time deposits                13,144   13,015   12,755   11,381    9,732
    Other deposits                3,324    3,179    3,182    3,023    2,909
    Federal funds purchased
     and securities sold under
     agreements to repurchase     1,292    1,456    1,295    1,152    1,064
    Short-term debt                  49       70      145      761      225
    Long-term debt                1,198    1,198    1,102    1,122    1,148
                               -------- -------- -------- -------- --------
        TOTAL INTEREST EXPENSE   19,007   18,918   18,479   17,439   15,078
                               -------- -------- -------- -------- --------
 NET INTEREST INCOME             22,793   22,231   22,283   22,377   22,192
    Provision for loan losses       831      751      663      602      789
                               -------- -------- -------- -------- --------
 NET INTEREST INCOME AFTER
  PROVISION FOR LOAN LOSSES      21,962   21,480   21,620   21,775   21,403
                               -------- -------- -------- -------- --------
 NON-INTEREST INCOME
    Trust income                  1,474    1,637    1,517    1,435    1,293
    Service charges on deposit
     accounts                     3,656    3,497    3,850    3,973    4,209
    Other service charges and
     fees                           692      808      715      596      592
    Income on sale of mortgage
     loans, net of commissions      727      679      655      763      755
    Income on investment
     banking, net of
     commissions                    153      150       89       55       90
    Credit card fees              3,025    2,649    2,830    2,755    2,699
    Premiums on sale of
     student loans                  741      882      263      413      659
    Bank owned life insurance
     income                         359      364      425      382      415
    Other income                    510      788      449      654      804
                               -------- -------- -------- -------- --------
        TOTAL NON-INTEREST
         INCOME                  11,337   11,454   10,793   11,026   11,516
                               -------- -------- -------- -------- --------
 NON-INTEREST EXPENSE
    Salaries and employee
     benefits                    13,903   13,725   13,173   13,298   13,466
    Occupancy expense, net        1,624    1,650    1,712    1,612    1,541
    Furniture and equipment
     expense                      1,507    1,466    1,437    1,407    1,456
    Loss on foreclosed assets        36       24       31       32       40
    Deposit insurance                68       67       66       64       71
    Other operating expenses      5,873    6,282    6,088    5,722    5,727
                               -------- -------- -------- -------- --------
        TOTAL NON-INTEREST
         EXPENSE                 23,011   23,214   22,507   22,135   22,301
                               -------- -------- -------- -------- --------
 NET INCOME BEFORE INCOME
  TAXES                          10,288    9,720    9,906   10,666   10,618
    Provision for income taxes    3,257    3,083    3,156    3,219    3,322
                               -------- -------- -------- -------- --------
 NET INCOME                    $  7,031 $  6,637 $  6,750 $  7,447 $  7,296
                               ======== ======== ======== ======== ========
 BASIC EARNINGS PER SHARE      $   0.50 $   0.47 $   0.47 $   0.53 $   0.51
                               ======== ======== ======== ======== ========
 DILUTED EARNINGS PER SHARE    $   0.49 $   0.46 $   0.47 $   0.51 $   0.51
                               ======== ======== ======== ======== ========




 Simmons First National Corporation                                   SFNC
 Consolidated Statements of Income - Year-to-Date

 For the Quarters Ended        Jun 30   Mar 31    Dec 31   Sep 30   Jun 30
 (Unaudited)                    2007     2007     2006      2006     2006
                              -------- -------- --------- -------- --------
    (in thousands, except per share data)
 INTEREST INCOME
    Loans                     $ 69,147 $ 34,095 $ 130,248 $ 95,705 $ 61,781
    Federal funds sold           1,096      701     1,057      692      367
    Investment securities       11,610    5,721    20,438   14,991    9,808
    Mortgage loans held for
     sale, net of unrealized
     gains (losses)                236      104       476      369      228
    Assets held in trading
     accounts                       53       18        71       58       44
    Interest bearing balances
     due from banks                807      510     1,072      785      556
                              -------- -------- --------- -------- --------
        TOTAL INTEREST INCOME   82,949   41,149   153,362  112,600   72,784
                              -------- -------- --------- -------- --------
 INTEREST EXPENSE
    Time deposits               26,161   13,015    42,592   29,837   18,456
    Other deposits               6,503    3,179    11,658    8,476    5,453
    Federal funds purchased
     and securities sold under
     agreements to repurchase    2,748    1,456     4,615    3,320    2,168
    Short-term debt                118       70     1,227    1,082      321
    Long-term debt               2,395    1,198     4,466    3,364    2,242
                              -------- -------- --------- -------- --------
        TOTAL INTEREST EXPENSE  37,925   18,918    64,558   46,079   28,640
                              -------- -------- --------- -------- --------
 NET INTEREST INCOME            45,024   22,231    88,804   66,521   44,144
    Provision for loan losses    1,582      751     3,762    3,099    2,497
                              -------- -------- --------- -------- --------
 NET INTEREST INCOME AFTER
  PROVISION FOR LOAN LOSSES     43,442   21,480    85,042   63,422   41,647
                              -------- -------- --------- -------- --------
 NON-INTEREST INCOME
    Trust income                 3,111    1,637     5,612    4,095    2,660
    Service charges on
     deposit accounts            7,153    3,497    15,795   11,945    7,972
    Other service charges and
     fees                        1,500      808     2,561    1,846    1,250
    Income on sale of
     mortgage loans, net of
     commissions                 1,407      679     2,849    2,194    1,431
    Income on investment
     banking, net of
     commissions                   303      150       341      252      197
    Credit card fees             5,674    2,649    10,742    7,912    5,157
    Premiums on sale of
     student loans               1,623      882     2,071    1,808    1,395
    Bank owned life insurance
     income                        723      364     1,523    1,098      716
    Other income                 1,298      788     2,453    2,004    1,350
                              -------- -------- --------- -------- --------
        TOTAL NON-INTEREST
         INCOME                 22,792   11,454    43,947   33,154   22,128
                              -------- -------- --------- -------- --------
 NON-INTEREST EXPENSE
    Salaries and employee
     benefits                   27,628   13,725    53,442   40,269   26,971
    Occupancy expense, net       3,273    1,650     6,385    4,673    3,061
    Furniture and equipment
     expense                     2,973    1,466     5,718    4,281    2,874
    Loss on foreclosed assets       59       24       136      105       73
    Deposit insurance              135       67       270      204      140
    Other operating expenses    12,158    6,282    23,117   17,029   11,307
                              -------- -------- --------- -------- --------
        TOTAL NON-INTEREST
         EXPENSE                46,226   23,214    89,068   66,561   44,426
                              -------- -------- --------- -------- --------
 NET INCOME BEFORE INCOME
  TAXES                         20,008    9,720    39,921   30,015   19,349
    Provision for income
     taxes                       6,340    3,083    12,440    9,284    6,065
                              -------- -------- --------- -------- --------
 NET INCOME                   $ 13,668 $  6,637 $  27,481 $ 20,731 $ 13,284
                              ======== ======== ========= ======== ========
 BASIC EARNINGS PER SHARE     $   0.97 $   0.47 $    1.93 $   1.46 $   0.93
                              ======== ======== ========= ======== ========
 DILUTED EARNINGS PER SHARE   $   0.95 $   0.46 $    1.90 $   1.43 $   0.92
                              ======== ======== ========= ======== ========




Simmons First National Corporation                                SFNC
Consolidated Risk-Based Capital

For the
 Quarters Ended   Jun 30      Mar 31      Dec 31      Sep 30      Jun 30
(Unaudited)        2007        2007        2006        2006        2006
                ----------  ----------  ----------  ----------  ----------
  (in thousands)
Tier 1 capital
  Stockholders'
   equity       $  263,305  $  262,170  $  259,016  $  254,592  $  247,179
  Trust
   preferred
   securities,
   net allowable    30,000      30,000      30,000      30,000      30,000
  Disallowed
   intangible
   assets, net
   of def. tax     (64,144)    (64,367)    (64,334)    (64,557)    (64,781)
  Unrealized loss
  (gain) on AFS
   securities        2,590       1,344       2,198       2,818       5,735
                ----------  ----------  ----------  ----------  ----------

    Total Tier 1
     capital       231,751     229,147     226,880     222,853     218,133
                ----------  ----------  ----------  ----------  ----------

Tier 2 capital
  Qualifying
   unrealized
   gain on AFS
   securities          187         129         167         177         173
  Qualifying
   allowance
   for loan
   losses           23,565      23,237      22,953      23,103      22,359
                ----------  ----------  ----------  ----------  ----------

    Total Tier 2
     capital        23,752      23,366      23,120      23,280      22,532
                ----------  ----------  ----------  ----------  ----------

    Total risk-
     based
     capital    $  255,503  $  252,513  $  250,000  $  246,133  $  240,665
                ==========  ==========  ==========  ==========  ==========

 Risk weighted
  assets        $1,882,040  $1,855,511  $1,831,063  $1,843,960  $1,783,411
                ==========  ==========  ==========  ==========  ==========

 Adjusted average
 assets for
 leverage ratio $2,584,670  $2,603,178  $2,568,407  $2,547,237  $2,488,304
                ==========  ==========  ==========  ==========  ==========

Ratios at end
 of quarter
  Equity to
  assets              9.90%       9.74%       9.77%       9.58%       9.52%
  Tangible equity
   to tangible
   assets             7.56%       7.47%       7.42%       7.21%       6.96%
  Leverage ratio      8.97%       8.80%       8.83%       8.75%       8.77%
  Tier 1 capital     12.31%      12.35%      12.39%      12.09%      12.23%
  Total risk-
  based capital      13.58%      13.61%      13.65%      13.35%      13.49%




Simmons First National Corporation                                 SFNC
Consolidated Loans and Investments

For the Quarters
 Ended            Jun 30      Mar 31      Dec 31      Sep 30      Jun 30
(Unaudited)        2007        2007        2006        2006        2006
                ----------  ----------  ----------  ----------  ----------
     (in thousands)
Loan Portfolio
 - End of Period
 Consumer
  Credit cards  $  140,327  $  133,511  $  143,359  $  133,607  $  132,464
  Student loans     68,477      84,358      84,831      86,875      77,085
  Other consumer   139,908     141,212     142,596     146,039     140,631
 Real Estate
  Construction     265,705     276,582     277,411     267,604     248,834
  Single-family
   residential     372,029     366,222     364,453     364,657     348,782
  Other
   commercial      540,042     536,421     512,404     494,512     487,288
  Unearned
   income               (3)         (3)         (3)         (4)         (5)
 Commercial
  Commercial       183,349     182,548     178,028     175,576     188,480
  Agricultural      96,213      61,617      62,293     103,301      86,244
  Financial
   institutions      5,351       5,080       4,766         576      16,152
 Other              10,032      10,686      13,357      15,774      12,673
                ----------  ----------  ----------  ----------  ----------

    Total Loans $1,821,430  $1,798,234  $1,783,495  $1,788,517  $1,738,628
                ==========  ==========  ==========  ==========  ==========

Investment Securities
 - End of Period
 Held-to-Maturity
  U.S. Treasury $    1,500  $        -  $        -  $    1,001  $    1,002
  U.S.
   Government
   agencies         44,000      54,998      54,998      53,000      42,000
  Mortgage-backed
   securities          140         151         155         161         167
  State and
   political
   subdivisions    130,846     124,415     122,472     116,481     116,770
  Other
   securities        2,355       2,337       2,319       2,301       4,673
                ----------  ----------  ----------  ----------  ----------
    Total
     held-to-
     maturity      178,841     181,901     179,944     172,944     164,612
                ----------  ----------  ----------  ----------  ----------
 Available-for-
  -Sale
  U.S. Treasury      8,975      11,434       6,940       6,749       7,398
  U.S.
   Government
   agencies        322,687     310,611     322,411     331,709     335,618
  Mortgage-backed
   securities        2,793       2,948       2,956       3,095       3,074
  State and
   political
   subdivisions        984       1,132       1,370       1,373       1,373
  FHLB stock         5,206       5,090       5,504       7,674       7,693
  Other
   securities        6,095       7,007       8,001       7,961       8,061
                ----------  ----------  ----------  ----------  ----------
   Total
    available-
    for-sale       346,740     338,222     347,182     358,561     363,217
                ----------  ----------  ----------  ----------  ----------

   Total
   investment
   securities   $  525,581  $  520,123  $  527,126  $  531,505  $  527,829
                ==========  ==========  ==========  ==========  ==========

   Fair Value -
    HTM
    investment
    securities  $  175,870  $  181,792  $  179,816  $  172,951  $  161,655
                ==========  ==========  ==========  ==========  ==========

Investment Securities
 - QTD Average
  Taxable
   securities   $  401,723  $  406,342  $  410,153  $  410,382  $  411,388
  Tax exempt
   securities      129,330     123,024     119,175     117,384     119,298
                ----------  ----------  ----------  ----------  ----------

   Total
    investment
    securities -
    QTD average $  531,053  $  529,366  $  529,328  $  527,766  $  530,686
                ==========  ==========  ==========  ==========  ==========




Simmons First National Corporation                                   SFNC
Consolidated Allowance and Asset Quality

For the Quarters Ended         Jun 30   Mar 31   Dec 31   Sep 30   Jun 30
 (Unaudited)                     2007     2007     2006     2006     2006
                               -------- -------- -------- -------- --------
            (in thousands)
Allowance for Loan Losses
 Balance, beginning of quarter $ 25,151 $ 25,385 $ 25,879 $ 26,174 $ 26,463
                               -------- -------- -------- -------- --------

 Loans charged off
    Credit cards                    625      735      600      661      600
    Other consumer                  304      425      395      352      223
    Real estate                     453      295      793       74      741
    Commercial                      111      219      209      717      182
                               -------- -------- -------- -------- --------
       Total loans charged off    1,493    1,674    1,997    1,804    1,746
                               -------- -------- -------- -------- --------

 Recoveries of loans
  previously charged off
    Credit cards                    272      261      242      291      271
    Other consumer                  152      105      173      147      156
    Real estate                     241      162      403       87      213
    Commercial                       43      161       22      382       28
                               -------- -------- -------- -------- --------
       Total recoveries             708      689      840      907      668
                               -------- -------- -------- -------- --------
    Net loans charged off           785      985    1,157      897    1,078
 Provision for loan losses          831      751      663      602      789
                               -------- -------- -------- -------- --------
 Balance, end of quarter       $ 25,197 $ 25,151 $ 25,385 $ 25,879 $ 26,174
                               ======== ======== ======== ======== ========

Non-performing assets
 Non-performing loans
    Nonaccrual loans
       Real estate             $  7,237 $  5,561 $  6,916 $  7,674 $  6,266
       Commercial                   632      685      720    1,054    2,160
       Consumer                   1,652    1,492    1,322    1,089    1,130
                               -------- -------- -------- -------- --------
        Total nonaccrual loans    9,521    7,738    8,958    9,817    9,556
    Loans past due 90 days or
     more                         1,133      879    1,097    1,029    1,210
                               -------- -------- -------- -------- --------
         Total non-performing
          loans                  10,654    8,617   10,055   10,846   10,766
                               -------- -------- -------- -------- --------

 Other non-performing assets
    Foreclosed assets held for
     sale                         1,484    2,321    1,940    1,413    1,740
    Other non-performing assets      30       40       52       16        -
                               -------- -------- -------- -------- --------
       Total other
        non-performing assets     1,514    2,361    1,992    1,429    1,740
                               -------- -------- -------- -------- --------

          Total non-performing
           assets              $ 12,168 $ 10,978 $ 12,047 $ 12,275 $ 12,506
                               ======== ======== ======== ======== ========

Ratios
 Allowance for loan losses to
  total loans                         1.38%   1.40%   1.42%   1.45%   1.51%
 Allowance for loan losses to
  non-performing loans              236.50% 291.88% 252.46% 238.60% 243.12%
 Allowance for loan losses to
  non-performing assets             207.08% 229.10% 210.72% 210.83% 209.29%
 Non-performing assets ratio *        0.67%   0.61%   0.67%   0.69%   0.72%
 Non-performing loans to total
  loans                               0.58%   0.48%   0.56%   0.61%   0.62%
 Non-performing assets to total
  assets                              0.46%   0.41%   0.45%   0.46%   0.48%
 Annualized net charge offs to
  total loans                         0.17%   0.22%   0.26%   0.20%   0.25%
 Annualized net charge offs to
  total loans
   (excluding credit cards)           0.10%   0.13%   0.19%   0.13%   0.19%

 * Non-performing assets ratio = ( non-performing loans + foreclosed
   assets) / ( total loans + foreclosed assets)




Simmons First National Corporation                                   SFNC
Consolidated - Net Interest Income Analysis

For the Quarters Ended              Jun 30  Mar 31  Dec 31  Sep 30  Jun 30
(Unaudited)                          2007    2007    2006    2006    2006
                                    ------  ------  ------  ------  ------
    ASSETS

Earning Assets
   Interest bearing balances due
    from banks                        5.26%   5.45%   4.70%   5.39%   4.74%
   Federal funds sold                 6.27%   5.53%   5.67%   5.61%   4.77%
   Investment securities              5.04%   4.95%   4.62%   4.43%   4.31%
   Mortgage loans held for sale       5.77%   6.63%   5.82%   6.69%   6.09%
   Assets held in trading accounts    3.07%   1.54%   1.13%   1.21%   1.67%
   Loans                              7.80%   7.76%   7.70%   7.61%   7.41%
      Total interest earning assets   7.14%   7.06%   6.96%   6.86%   6.65%


    LIABILITIES

Interest bearing liabilities
   Interest bearing transaction and
     savings accounts                 1.80%   1.76%   1.73%   1.66%   1.55%
   Time deposits                      4.69%   4.64%   4.52%   4.20%   3.83%
      Total interest bearing
       deposits                       3.54%   3.51%   3.42%   3.18%   2.86%
   Federal funds purchased and
    securities sold under agreement
    to repurchase                     5.19%   5.00%   5.03%   4.88%   4.44%
   Short-term debt                    6.36%   7.04%   6.69%   5.58%   5.71%
   Long-term debt                     5.85%   5.91%   5.31%   5.51%   5.55%
      Total interest bearing
       liabilities                    3.72%   3.70%   3.59%   3.41%   3.08%

  NET INTEREST MARGIN/SPREAD

   Net interest spread                3.42%   3.36%   3.37%   3.45%   3.57%
   Net interest margin -
    quarter-to-date                   3.96%   3.88%   3.86%   3.91%   4.01%
   Net interest margin -
    year-to-date                      3.92%   3.88%   3.96%   3.99%   4.03%




Simmons First National Corporation                                SFNC
Consolidated - Selected Financial Data

For the
 Quarters
 Ended            Jun 30      Mar 31      Dec 31      Sep 30      Jun 30
(Unaudited)        2007        2007        2006        2006        2006
                ----------  ----------  ----------  ----------  ----------
  (in thousands, except per share data)
QUARTER-TO-DATE
 Diluted
  earnings per
  share         $     0.49  $     0.46  $     0.47  $     0.51  $     0.51
 Operating
  earnings
  (excludes
   nonrecurring
   items)            7,031       6,637       6,750       7,447       7,296
 Cash dividends
  declared per
  common share        0.18        0.18        0.18        0.17        0.17
 Cash dividends
  declared -
  amount             2,533       2,548       2,555       2,413       2,418
 Return on
  average
  stockholders'
  equity             10.64%      10.25%      10.35%      11.70%      11.77%
 Return on
  tangible
  equity             14.32%      13.88%      14.08%      16.04%      16.24%
 Return on
  average
  assets              1.07%       1.01%       1.02%       1.13%       1.15%
 Net interest
  margin (FTE)        3.96%       3.88%       3.86%       3.91%       4.01%
 FTE Adjustment
  - investments        785         741         720         707         718
 FTE Adjustment
  - loans               72          85          85          89          86
 Amortization
  of intangibles       207         207         207         207         209
 Amortization
  of intangibles,
  net of taxes         130         130         130         130         132
 Average shares
  outstanding   14,099,105  14,177,615  14,198,399  14,195,844  14,247,973
 Average diluted
  shares
  outstanding   14,313,493  14,395,153  14,446,730  14,451,237  14,507,103
 Shares
  repurchased       90,900      69,678      14,200      24,000      75,400
 Average price
  of repurchased
  shares             27.38       28.62       31.15       27.93       26.74
 Average earning
  assets         2,395,677   2,411,939   2,370,501   2,349,680   2,298,150
 Average
  interest
  bearing
  liabilities    2,048,943   2,073,554   2,041,050   2,026,410   1,964,951

YEAR-TO-DATE
 Diluted
  earnings per
  share         $     0.95  $     0.46  $     1.90  $     1.43  $     0.92
 Operating
  earnings
  (excludes
   nonrecurring
   items)           13,668       6,637      27,481      20,731      13,284
 Cash dividends
  declared per
  common share        0.36        0.18        0.68        0.50        0.33
 Return on
  average
  stockholders'
  equity             10.45%      10.25%      10.93%      11.13%      10.83%
 Return on
  tangible
  equity             14.10%      13.88%      15.03%      15.37%      15.01%
 Return on
  average
  assets              1.04%       1.01%       1.07%       1.08%       1.06%
 Net interest
  margin (FTE)        3.92%       3.88%       3.96%       3.99%       4.03%
 FTE Adjustment
  - investments      1,526         741       2,840       2,120       1,413
 FTE Adjustment
  - loans              157          85         345         260         171
 Amortization
  of intangibles       414         207         830         623         416
 Amortization
  of intangibles,
  net of taxes         260         130         522         392         262
 Average shares
  outstanding   14,138,143  14,177,615  14,226,481  14,236,047  14,256,482
 Average
  diluted
  shares
  outstanding   14,352,531  14,395,153  14,474,812  14,491,440  14,515,612
 Average
  earning
  assets         2,403,809   2,411,939   2,324,078   2,308,604   2,288,068
 Average
  interest
  bearing
  liabilities    2,061,248   2,073,554   1,993,903   1,978,189   1,954,077

END OF PERIOD
 Book value per
  share         $    18.73  $    18.54  $    18.24  $    17.94  $    17.41
 Tangible book
  value per
  share              14.15       13.97       13.68       13.36       12.81
 Shares
  outstanding   14,059,631  14,139,631  14,196,855  14,188,008  14,199,100
 Full-time
  equivalent
  employees          1,112       1,110       1,134       1,121       1,140
 Total number
  of ATM's              87          88          88          88          88
 Total number
  of financial
  centers               82          82          81          81          81
 Parent company
  only -
  investment in
  subsidiaries     280,455     279,370     275,872     272,909     267,177
 Parent company
  only -
  intangible
  assets               133         133         133         133         133



Contact Information

  • FOR MORE INFORMATION CONTACT:

    DAVID W. GARNER
    Senior Vice President and Investor Relations Officer
    Simmons First National Corporation
    (870) 541-1000