Edgar Filing: SIMMONS FIRST NATIONAL CORP

SIMMONS FIRST NATIONAL CORPORATION 8K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 18, 2007

SIMMONS FIRST NATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

Arkansas	0-6253	71-0407808
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

501 Main Street, Pine Bluff, Arkansas		71601
(Address of principal executive offices)		(Zip Code)

(870) 541-1000

Registrant’s telephone number, including area code:

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item: 2.02

Results of Operations and Financial Condition

The following is the text of a press release issued by the registrant at 8:15 A.M. Central Time on January 18, 2007.

SIMMONS FIRST ANNOUNCES FOURTH QUARTER EARNINGS

Pine Bluff, AR - Simmons First National Corporation (NASDAQ-GS: SFNC) today announced fourth quarter earnings for the period ended December 31, 2006. Net income for the fourth quarter was $6.8 million, or $0.47 diluted earnings per share, unchanged from the same period in 2005.

For the year ended December 31, 2006, net income was $27.5 million, an increase of $519,000 over 2005. Diluted earnings per share for the twelve-month period were $1.90, an increase of $0.06, or 3.3% over the same period in 2005.

The Company’s net interest margin decreased 5 basis points to 3.86% from the third quarter of 2006.

“Despite the 2006 interest rate environment and the competition for deposits, we were able to achieve modest annual earnings growth,” said J. Thomas May, Chairman and Chief Executive Officer. “We, like the rest of the industry, were challenged with margin compression. However, we remain very pleased with the continuation of our strong asset quality, which has resulted in a reduction in the provision for loan losses. Likewise, we are pleased with our ability to control non-interest expense during this period of expansion.”

The Company’s loan portfolio totaled $1.8 billion at December 31, 2006, an increase of $65 million, or 3.8% over the same period last year. The growth was primarily attributable to increased demand in the real estate loan portfolio. Deposits were $2.2 billion at December 31, 2006, a $121 million, or 5.9% increase from December 31, 2005.

Asset quality remained strong with the allowance for loan losses as a percent of total loans at 1.42% as of December 31, 2006. Non-performing loans equaled 0.56% of total loans, while the allowance for loan losses equaled 252% of non-performing loans. The Company’s annualized net charge-offs to total loans for the fourth quarter of 2006 was 0.26%. Excluding credit cards, the annualized net charge-offs to total loans for the fourth quarter was 0.19%. The 2006 credit card charge-off ratio was 1.06% compared to 2.85% in 2005.

Total assets for the Company were $2.7 billion at December 31, 2006, an increase of $134 million from December 31, 2005. Stockholders’ equity at December 31, 2006 was $259 million, a $14.9 million increase from December 31, 2005.

Simmons First opened a new financial center in Beebe on January 2, 2007. This is the Company’s first entry into this market. The Company also plans to open financial centers in Paragould, North Little Rock - McCain, and Little Rock - Midtown during 2007, as well as a regional headquarters facility in Rogers.

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, January 18, 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 5304128 and the recording will be available through the end of business January 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.

####

FOR MORE INFORMATION CONTACT:

DAVID W. GARNER

Senior Vice President and Investor Relations Officer

Simmons First National Corporation

(870) 541-1000

Simmons First National Corporation													SFNC
Consolidated End of Period Balance Sheets
For the Quarters Ended	Dec 31			Sep 30			Jun 30			Mar 31			Dec 31
(Unaudited)	2006			2006			2006			2006			2005
(in thousands)
ASSETS
Cash and non-interest bearing balances due from banks	$	83,452		$	77,724		$	89,275		$	89,400		$	75,461
Interest bearing balances due from banks		51,829			19,599			26,265			34,200			14,397
Federal funds sold		21,870			49,340			22,570			8,620			11,715
Cash and cash equivalents		157,151			146,663			138,110			132,220			101,573

Investment securities - held-to-maturity		179,944			172,944			164,612			148,733			150,299
Investment securities - available-for-sale		347,182			358,561			363,217			380,617			371,490
Mortgage loans held for sale		7,091			6,591			13,248			6,853			7,857
Assets held in trading accounts		4,487			4,574			4,606			4,646			4,631

Loans		1,783,495			1,788,517			1,738,628			1,691,020			1,718,107
Allowance for loan losses		(25,385	)		(25,879	)		(26,174	)		(26,463	)		(26,923	)
Net loans		1,758,110			1,762,638			1,712,454			1,664,557			1,691,184

Premises and equipment		67,926			66,769			65,686			65,040			63,360
Foreclosed assets held for sale, net		1,940			1,413			1,740			1,666			1,540
Interest receivable		21,974			21,953			18,571			17,066			18,754
Bank owned life insurance		36,133			35,708			33,985			33,570			33,269
Goodwill		60,605			60,605			60,605			60,605			60,605
Core deposit premiums		4,199			4,406			4,613			4,822			5,029
Other assets		10,671			14,117			15,809			18,075			14,177

TOTAL ASSETS	$	2,657,413		$	2,656,942		$	2,597,256		$	2,538,470		$	2,523,768

LIABILITIES
Non-interest bearing transaction accounts	$	310,777		$	302,700		$	330,946		$	328,477		$	331,113
Interest bearing transaction accounts and savings deposits		738,763			745,649			761,346			757,368			749,925
Time deposits less than $100,000		681,131			664,105			623,609			618,790			614,742
Time deposits greater than $100,000		450,310			436,022			394,489			389,021			364,178
Total deposits		2,180,981			2,148,476			2,110,390			2,093,656			2,059,958
Federal funds purchased and securities
sold under agreements to repurchase		105,586			85,535			89,684			91,817			107,223
Short-term debt		6,114			61,850			45,054			2,245			8,031
Long-term debt - parent company		2,000			2,000			4,000			4,000			4,000
Long-term FHLB debt - affiliate banks		50,381			49,243			48,143			48,163			52,090
Subordinated debt issued to capital trusts		30,930			30,930			30,930			30,930			30,930
Accrued interest and other liabilities		22,405			24,316			21,876			22,448			17,451
TOTAL LIABILITIES		2,398,397			2,402,350			2,350,077			2,293,259			2,279,683

STOCKHOLDERS' EQUITY
Capital stock		142			142			142			143			143
Surplus		48,678			49,068			49,607			51,380			53,723
Undivided profits		212,394			208,200			203,165			198,287			194,579
Accumulated other comprehensive income (loss)
Unrealized appreciation (depreciation) on AFS securities		(2,198	)		(2,818	)		(5,735	)		(4,599	)		(4,360	)
TOTAL STOCKHOLDERS' EQUITY		259,016			254,592			247,179			245,211			244,085

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	2,657,413		$	2,656,942		$	2,597,256		$	2,538,470		$	2,523,768

Page 1

Simmons First National Corporation													SFNC
Consolidated Average Quarter-to-Date Balance Sheets
For the Quarters Ended	Dec 31			Sep 30			Jun 30			Mar 31			Dec 31
(Unaudited)	2006			2006			2006			2006			2005
(in thousands)
ASSETS
Cash and non-interest bearing balances due from banks	$	80,670		$	78,708		$	77,064		$	77,676		$	85,534
Interest bearing balances due from banks		24,302			16,851			21,929			27,968			16,426
Federal funds sold		25,554			22,966			16,138			16,235			6,353
Cash and cash equivalents		130,526			118,525			115,131			121,879			108,313

Investment securities - held-to-maturity		174,132			167,182			157,252			147,697			147,779
Investment securities - available-for-sale		355,196			360,584			373,434			378,026			384,346
Mortgage loans held for sale		7,299			8,368			8,426			6,570			8,056
Assets held in trading accounts		4,555			4,598			4,575			4,632			4,688

Loans		1,779,528			1,769,131			1,716,396			1,696,855			1,714,132
Allowance for loan losses		(26,168	)		(26,255	)		(26,997	)		(27,589	)		(27,308	)
Net loans		1,753,360			1,742,876			1,689,399			1,669,266			1,686,824

Premises and equipment		67,438			66,044			65,485			64,560			62,633
Foreclosed assets held for sale, net		1,488			1,525			1,664			1,738			2,028
Interest receivable		22,681			20,922			18,092			18,030			19,121
Bank owned life insurance		35,916			35,226			33,778			33,408			33,102
Goodwill		60,605			60,605			60,605			60,605			60,554
Core deposit premiums		4,317			4,527			4,733			4,942			5,138
Other assets		10,995			13,215			12,688			12,046			11,718

TOTAL ASSETS	$	2,628,508		$	2,604,197		$	2,545,262		$	2,523,399		$	2,534,300

LIABILITIES
Non-interest bearing transaction accounts	$	305,506		$	302,490		$	311,102		$	316,118		$	314,491
Interest bearing transaction accounts and savings deposits		728,085			722,920			751,262			747,046			748,902
Time deposits less than $100,000		678,399			658,182			624,395			618,730			612,344
Time deposits greater than $100,000		441,505			416,693			394,492			378,426			372,170
Total deposits		2,153,495			2,100,285			2,081,251			2,060,320			2,047,907
Federal funds purchased and securities
sold under agreements to repurchase		102,115			93,670			96,041			109,299			109,065
Short-term debt		8,594			54,119			15,804			5,744			30,435
Long-term debt		82,358			80,826			82,957			83,961			85,808
Accrued interest and other liabilities		23,157			22,804			20,486			18,011			16,859
TOTAL LIABILITIES		2,369,719			2,351,704			2,296,539			2,277,335			2,290,074

TOTAL STOCKHOLDERS' EQUITY		258,789			252,493			248,723			246,064			244,226

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	2,628,508		$	2,604,197		$	2,545,262		$	2,523,399		$	2,534,300

Page 2

Simmons First National Corporation									SFNC
Consolidated Statements of Income - Quarter-to-Date
For the Quarters Ended	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
(Unaudited)	2006		2006		2006		2006		2005
(in thousands, except per share data)
INTEREST INCOME
Loans	$	34,543	$	33,924	$	31,694	$	30,087	$	30,425
Federal funds sold		365		325		192		175		63
Investment securities		5,447		5,183		4,978		4,830		4,751
Mortgage loans held for sale, net of unrealized gains (losses)		107		141		128		100		131
Assets held in trading accounts		13		14		19		25		24
Interest bearing balances due from banks		287		229		259		297		162
TOTAL INTEREST INCOME		40,762		39,816		37,270		35,514		35,556
INTEREST EXPENSE
Time deposits		12,755		11,381		9,732		8,724		8,051
Other deposits		3,182		3,023		2,909		2,544		2,268
Federal funds purchased and securities
sold under agreements to repurchase		1,295		1,152		1,064		1,104		1,016
Short-term debt		145		761		225		96		311
Long-term debt		1,102		1,122		1,148		1,094		1,095
TOTAL INTEREST EXPENSE		18,479		17,439		15,078		13,562		12,741
NET INTEREST INCOME		22,283		22,377		22,192		21,952		22,815
Provision for loan losses		663		602		789		1,708		1,630
NET INTEREST INCOME AFTER PROVISION
FOR LOAN LOSSES		21,620		21,775		21,403		20,244		21,185
NON-INTEREST INCOME
Trust income		1,517		1,435		1,293		1,367		1,425
Service charges on deposit accounts		3,850		3,973		4,209		3,763		4,097
Other service charges and fees		715		596		592		658		507
Income on sale of mortgage loans, net of commissions		655		763		755		676		698
Income on investment banking, net of commissions		89		55		90		107		51
Credit card fees		2,830		2,755		2,699		2,458		2,709
Premiums on sale of student loans		263		413		659		736		251
Bank owned life insurance income		425		382		415		301		317
Other income		449		654		804		546		623
Gain (loss) on sale of securities, net of taxes		-		-		-		-		-
TOTAL NON-INTEREST INCOME		10,793		11,026		11,516		10,612		10,678
NON-INTEREST EXPENSE
Salaries and employee benefits		13,173		13,298		13,466		13,505		13,039
Occupancy expense, net		1,712		1,612		1,541		1,520		1,527
Furniture and equipment expense		1,437		1,407		1,456		1,418		1,482
Loss on foreclosed assets		31		32		40		33		31
Deposit insurance		66		64		71		69		65
Other operating expenses		6,088		5,722		5,727		5,580		5,835
TOTAL NON-INTEREST EXPENSE		22,507		22,135		22,301		22,125		21,979
NET INCOME BEFORE INCOME TAXES		9,906		10,666		10,618		8,731		9,884
Provision for income taxes		3,156		3,219		3,322		2,743		3,059
NET INCOME	$	6,750	$	7,447	$	7,296	$	5,988	$	6,825
BASIC EARNINGS PER SHARE	$	0.47	$	0.53	$	0.51	$	0.42	$	0.48
DILUTED EARNINGS PER SHARE	$	0.47	$	0.51	$	0.51	$	0.41	$	0.47

Page 3

Simmons First National Corporation									SFNC
Consolidated Statements of Income - Year-to-Date
For the Quarters Ended	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
(Unaudited)	2006		2006		2006		2006		2005
(in thousands, except per share data)
INTEREST INCOME
Loans	$	130,248	$	95,705	$	61,781	$	30,087	$	112,238
Federal funds sold		1,057		692		367		175		925
Investment securities		20,438		14,991		9,808		4,830		18,677
Mortgage loans held for sale, net of unrealized gains (losses)		476		369		228		100		552
Assets held in trading accounts		71		58		44		25		99
Interest bearing balances due from banks		1,072		785		556		297		580
TOTAL INTEREST INCOME		153,362		112,600		72,784		35,514		133,071
INTEREST EXPENSE
Time deposits		42,592		29,837		18,456		8,724		26,431
Other deposits		11,658		8,476		5,453		2,544		7,777
Federal funds purchased and securities
sold under agreements to repurchase		4,615		3,320		2,168		1,104		3,104
Short-term debt		1,227		1,082		321		96		1,101
Long-term debt		4,466		3,364		2,242		1,094		4,401
TOTAL INTEREST EXPENSE		64,558		46,079		28,640		13,562		42,814
NET INTEREST INCOME		88,804		66,521		44,144		21,952		90,257
Provision for loan losses		3,762		3,099		2,497		1,708		7,526
NET INTEREST INCOME AFTER PROVISION
FOR LOAN LOSSES		85,042		63,422		41,647		20,244		82,731
NON-INTEREST INCOME
Trust income		5,612		4,095		2,660		1,367		5,589
Service charges on deposit accounts		15,795		11,945		7,972		3,763		15,818
Other service charges and fees		2,561		1,846		1,250		658		2,017
Income on sale of mortgage loans, net of commissions		2,849		2,194		1,431		676		2,919
Income on investment banking, net of commissions		341		252		197		107		416
Credit card fees		10,742		7,912		5,157		2,458		10,252
Premiums on sale of student loans		2,071		1,808		1,395		736		1,822
Bank owned life insurance income		1,523		1,098		716		301		953
Other income		2,453		2,004		1,350		546		2,700
Gain (loss) on sale of securities, net of taxes		-		-		-		-		(168	)
TOTAL NON-INTEREST INCOME		43,947		33,154		22,128		10,612		42,318
NON-INTEREST EXPENSE
Salaries and employee benefits		53,442		40,269		26,971		13,505		51,270
Occupancy expense, net		6,385		4,673		3,061		1,520		5,840
Furniture and equipment expense		5,718		4,281		2,874		1,418		5,758
Loss on foreclosed assets		136		105		73		33		191
Deposit insurance		270		204		140		69		279
Other operating expenses		23,117		17,029		11,307		5,580		22,246
TOTAL NON-INTEREST EXPENSE		89,068		66,561		44,426		22,125		85,584
NET INCOME BEFORE INCOME TAXES		39,921		30,015		19,349		8,731		39,465
Provision for income taxes		12,440		9,284		6,065		2,743		12,503
NET INCOME	$	27,481	$	20,731	$	13,284	$	5,988	$	26,962
BASIC EARNINGS PER SHARE	$	1.93	$	1.46	$	0.93	$	0.42	$	1.88
DILUTED EARNINGS PER SHARE	$	1.90	$	1.43	$	0.92	$	0.41	$	1.84

Page 4

Simmons First National Corporation													SFNC
Consolidated Risk-Based Capital
For the Quarters Ended	Dec 31			Sep 30			Jun 30			Mar 31			Dec 31
(Unaudited)	2006			2006			2006			2006			2005
(in thousands)
Tier 1 capital
Stockholders' equity	$	259,016		$	254,592		$	247,179		$	245,211		$	244,085
Trust preferred securities, net allowable		30,000			30,000			30,000			30,000			30,000
Disallowed intangible assets, net of def. tax		(64,334	)		(64,557	)		(64,781	)		(65,084	)		(65,047	)
Unrealized loss (gain) on AFS securities		2,198			2,818			5,735			4,599			4,360
Other		-			-			-			-			-

Total Tier 1 capital		226,880			222,853			218,133			214,726			213,398

Tier 2 capital
Qualifying unrealized gain on AFS securities		167			177			173			317			338
Qualifying allowance for loan losses		22,953			23,103			22,359			21,468			21,815

Total Tier 2 capital		23,120			23,280			22,532			21,785			22,153

Total risk-based capital	$	250,000		$	246,133		$	240,665		$	236,511		$	235,551

Risk weighted assets	$	1,832,278		$	1,843,960		$	1,783,411		$	1,716,446		$	1,739,771

Adjusted average assets for leverage ratio	$	2,568,472		$	2,547,237		$	2,488,304		$	2,465,348		$	2,475,428

Ratios at end of quarter
Leverage ratio		8.83	%		8.75	%		8.77	%		8.71	%		8.62	%
Tier 1 capital		12.38	%		12.09	%		12.23	%		12.51	%		12.26	%
Total risk-based capital		13.64	%		13.35	%		13.49	%		13.78	%		13.54	%

Page 5

Simmons First National Corporation													SFNC
Consolidated Loans and Investments
For the Quarters Ended	Dec 31			Sep 30			Jun 30			Mar 31			Dec 31
(Unaudited)	2006			2006			2006			2006			2005
(in thousands)
Loan Portfolio - End of Period
Consumer
Credit cards	$	143,359		$	133,607		$	132,464		$	129,833		$	143,058
Student loans		84,831			86,875			77,085			91,090			89,818
Other consumer		142,596			146,039			140,631			140,958			138,051
Real Estate
Construction		277,411			267,604			248,834			242,145			238,898
Single-family residential		364,453			364,657			348,782			341,795			340,847
Other commercial		512,404			494,512			487,288			473,559			479,684
Unearned income		(3	)		(4	)		(5	)		(5	)		(8	)
Commercial
Commercial		178,028			175,576			188,480			181,174			184,920
Agricultural		62,293			103,301			86,244			59,944			68,761
Financial institutions		4,766			576			16,152			16,158			20,499
Other		13,357			15,774			12,673			14,369			13,579

Total Loans	$	1,783,495		$	1,788,517		$	1,738,628		$	1,691,020		$	1,718,107

Investment Securities - End of Period

Held-to-Maturity
U.S. Treasury	$	-		$	1,001		$	1,002		$	1,003		$	1,004
U.S. Government agencies		54,998			53,000			42,000			32,000			28,000
Mortgage-backed securities		155			161			167			180			187
State and political subdivisions		122,472			116,481			116,770			113,512			117,148
Other securities		2,319			2,301			4,673			2,038			3,960
Total held-to-maturity		179,944			172,944			164,612			148,733			150,299
Available-for-Sale
U.S. Treasury		6,940			6,749			7,398			10,201			10,887
U.S. Government agencies		322,411			331,709			335,618			350,688			340,990
Mortgage-backed securities		2,956			3,095			3,074			3,264			3,309
State and political subdivisions		1,370			1,373			1,373			2,139			3,053
FHLB stock		5,504			7,674			7,693			6,150			6,044
Other securities		8,001			7,961			8,061			8,175			7,207
Total available-for-sale		347,182			358,561			363,217			380,617			371,490

Total investment securities	$	527,126		$	531,505		$	527,829		$	529,350		$	521,789

Fair Value - HTM investment securities	$	179,816		$	172,951		$	161,655		$	147,589		$	149,173

Investment Securities - QTD Average

Taxable securities	$	410,153		$	410,382		$	411,388		$	409,238		$	412,483
Tax exempt securities		119,175			117,384			119,298			116,485			119,642

Total investment securities - QTD average	$	529,328		$	527,766		$	530,686		$	525,723		$	532,125

Page 6

Simmons First National Corporation													SFNC
Consolidated Allowance and Asset Quality
For the Quarters Ended	Dec 31			Sep 30			Jun 30			Mar 31			Dec 31
(Unaudited)	2006			2006			2006			2006			2005
(in thousands)
Allowance for Loan Losses
Balance, beginning of quarter	$	25,879		$	26,174		$	26,463		$	26,923		$	27,330

Loans charged off
Credit cards		600			661			600			593			1,455
Other consumer		395			352			223			272			299
Real estate		793			74			741			260			262
Commercial		209			717			182			209			532
Total loans charged off		1,997			1,804			1,746			1,334			2,548

Recoveries of loans previously charged off
Credit cards		242			291			271			236			192
Other consumer		173			147			156			153			131
Real estate		403			87			213			198			46
Commercial		22			382			28			104			142
Total recoveries		840			907			668			691			511
Net loans charged off		1,157			897			1,078			643			2,037
Reclass to reserve for unfunded commitments		-			-			-			(1,525	)		-
Allowance for loan losses on acquisitions		-			-			-			-			-
Provision for loan losses		663			602			789			1,708			1,630
Balance, end of quarter	$	25,385		$	25,879		$	26,174		$	26,463		$	26,923

Non-performing assets
Non-performing loans
Nonaccrual loans
Real estate	$	6,916		$	7,674		$	6,266		$	4,497		$	5,598
Commercial		720			1,054			2,160			1,328			602
Consumer		1,322			1,089			1,130			1,005			1,096
Total nonaccrual loans		8,958			9,817			9,556			6,830			7,296
Loans past due 90 days or more		1,097			1,029			1,210			1,974			1,131
Total non-performing loans		10,055			10,846			10,766			8,804			8,427

Other non-performing assets
Foreclosed assets held for sale		1,940			1,413			1,740			1,666			1,540
Other non-performing assets		52			16			-			11			16
Total other non-performing assets		1,992			1,429			1,740			1,677			1,556

Total non-performing assets	$	12,047		$	12,275		$	12,506		$	10,481		$	9,983

Ratios
Allowance for loan losses to total loans		1.42	%		1.45	%		1.51	%		1.56	%		1.57	%
Allowance for loan losses to
non-performing loans		252.46	%		238.60	%		243.12	%		300.58	%		319.48	%
Allowance for loan losses to
non-performing assets		210.72	%		210.83	%		209.29	%		252.49	%		269.69	%
Non-performing assets ratio *		0.67	%		0.69	%		0.72	%		0.62	%		0.58	%
Non-performing loans to total loans		0.56	%		0.61	%		0.62	%		0.52	%		0.49	%
Non-performing assets to total assets		0.45	%		0.46	%		0.48	%		0.41	%		0.40	%
Annualized net charge offs to total loans		0.26	%		0.20	%		0.25	%		0.15	%		0.47	%
Annualized net charge offs to total loans
(excluding credit cards)		0.19	%		0.13	%		0.19	%		0.07	%		0.20	%

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

Page 7

Simmons First National Corporation													SFNC
Consolidated - Selected Financial Data
For the Quarters Ended	Dec 31			Sep 30			Jun 30			Mar 31			Dec 31
(Unaudited)	2006			2006			2006			2006			2005
(in thousands, except share data)
QUARTER-TO-DATE
Diluted earnings per share	$	0.47		$	0.51		$	0.51		$	0.41		$	0.47
Operating earnings (excludes nonrecurring items)		6,750			7,447			7,296			5,988			6,825
Diluted operating earnings per share		0.47			0.51			0.51			0.41			0.47
Cash dividends declared per common share		0.18			0.17			0.17			0.16			0.16
Cash dividends declared - amount		2,555			2,413			2,418			2,280			2,293
Return on average stockholders' equity		10.35	%		11.70	%		11.77	%		9.87	%		11.09	%
Return on average assets		1.02	%		1.13	%		1.15	%		0.96	%		1.07	%
Net interest margin (FTE)		3.86	%		3.91	%		4.01	%		4.05	%		4.10	%
FTE Adjustment - investments		720			707			718			695			701
FTE Adjustment - loans		85			89			86			85			88
Amortization of intangibles		207			207			209			207			208
Amortization of intangibles, net of taxes		130			130			132			130			131
Average shares outstanding		14,198,399			14,195,844			14,247,973			14,265,085			14,329,026
Shares repurchased		14,200			24,000			75,400			89,500			29,458
Average price of repurchased shares		31.15			27.93			26.74			28.12			27.81
Average earning assets		2,370,566			2,349,680			2,298,150			2,277,983			2,281,780
Average interest bearing liabilities		2,041,056			2,026,410			1,964,951			1,943,206			1,958,724

YEAR-TO-DATE
Diluted earnings per share	$	1.90		$	1.43		$	0.92		$	0.41		$	1.84
Operating earnings (excludes nonrecurring items)		27,481			20,731			13,284			5,988			26,962
Diluted operating earnings per share		1.90			1.43			0.92			0.41			1.84
Cash dividends declared per common share		0.68			0.50			0.33			0.16			0.61
Return on average stockholders' equity		10.93	%		11.13	%		10.83	%		9.87	%		11.24	%
Return on average assets		1.07	%		1.08	%		1.06	%		0.96	%		1.08	%
Net interest margin (FTE)		3.96	%		3.99	%		4.03	%		4.05	%		4.13	%
FTE Adjustment - investments		2,840			2,120			1,413			695			2,891
FTE Adjustment - loans		345			260			171			85			343
Amortization of intangibles		830			623			416			207			829
Amortization of intangibles, net of taxes		522			392			262			130			522
Average shares outstanding		14,226,481			14,236,047			14,256,482			14,265,085			14,375,005
Diluted shares outstanding		248,331			255,393			259,130			274,270			311,922
Average earning assets		2,324,095			2,308,604			2,288,068			2,277,983			2,264,402
Average interest bearing liabilities		1,993,904			1,978,189			1,954,077			1,943,206			1,937,085

END OF PERIOD
Book value	$	18.24		$	17.94		$	17.41		$	17.19		$	17.04
Shares outstanding		14,196,855			14,188,008			14,199,100			14,264,144			14,326,923
Full-time equivalent employees		1,134			1,121			1,140			1,111			1,110
Total number of ATM's		88			88			88			87			86
Total number of financial centers		81			81			81			80			79
Parent company only - investment in subsidiaries		275,872			272,909			267,177			267,732			265,714
Parent company only - intangible assets		133			133			133			133			133

Page 8

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.

		SIMMONS FIRST NATIONAL CORPORATION

Date: January 18, 2007		/s/ Robert A. Fehlman
		Robert A. Fehlman, Executive Vice President
		and Chief Financial Officer