Simmons First National (FRA:SN9) Credit Losses Provision : €28.1 Mil (As of Mar. 2024)

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What is Simmons First National Credit Losses Provision?

Simmons First National's credit losses provision for the three months ended in Mar. 2024 was €9.4 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €28.1 Mil.

Simmons First National's quarterly credit losses provision increased from Sep. 2023 (€8.4 Mil) to Dec. 2023 (€10.3 Mil) but then declined from Dec. 2023 (€10.3 Mil) to Mar. 2024 (€9.4 Mil).

Simmons First National's annual credit losses provision increased from Dec. 2021 (€-27.6 Mil) to Dec. 2022 (€13.3 Mil) and increased from Dec. 2022 (€13.3 Mil) to Dec. 2023 (€28.5 Mil).

Simmons First National Credit Losses Provision Historical Data

The historical data trend for Simmons First National's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Simmons First National Credit Losses Provision Chart

Simmons First National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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38.92

61.63

-27.62

13.29

28.54

Simmons First National Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															10.20	0.06	8.36	10.29	9.39

Simmons First National Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €28.1 Mil.

Simmons First National (FRA:SN9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Simmons First National Corp (FRA:SN9) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

SFNC:USA

Address

501 Main Street, Pine Bluff, AR, USA, 71601

Website

https://www.simmonsbank.com

Simmons First National Corp is a financial holding company. The company through its subsidiaries is engaged in providing banking services including consumer, real estate and commercial loans, checking, savings and time deposits. The company's loan portfolio comprises construction, single-family residential and commercial loans; non-real estate loans, nonaccrual and past due loans; and credit card loans, student loans and other consumer loans. It also offers a range of products and services such as trust services, investments, agricultural finance lending, equipment lending, insurance, consumer finance and small business administration lending. All the business activity of the firm is functioned through the region of the United States.

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