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For Immediate Release : I Simmons First National Corporation Exhibit 99.1 July 27 , 2021 . SIMMONS REPORTS SECOND QUARTER 2021 EARNINGS Board of Directors extends and increases authorization under share repurchase program Net income of $ 74.9 million , up 27 percent from the year ago quarter and up 11 percent compared to the first quarter of 2021 · Diluted EPS of $ 0.69 , up 28 percent from the year ago quarter and up 11 percent compared to the first quarter of 2021 Adjusted pre - tax , pre - provision income of $ 74.6 million , up 2 percent from first quarter 2021 levels · Loan production totaled $ 1.8 billion during the first half of 2021 , on pace to significantly exceed production volume for full - year of 2020 ⚫ Total deposits of $ 18.3 billion , up $ 1.3 billion since year - end 2020 while deposits costs dropped 10 bps over the same period Improved macroeconomic scenario models and sharp decline in nonperforming loans ( down $ 34.6 million linked quarter ) drive $ 13.0 million provision expense recapture in the quarter Merger and acquisition activity resumes during the quarter with announced pending acquisitions of Tennessee - based Landmark Community Bank and Triumph Bancshares , Inc. Pine Bluff , AR – Simmons First National Corporation ( NASDAQ : SFNC ) ( the “ Company ” or “ Simmons ” ) today reported net income of $ 74.9 million for the second quarter of 2021 compared to net income of $ 58.8 million for the second quarter of 2020 , an increase of $ 16.1 million , or 27 percent . Diluted earnings per share for the second quarter of 2021 were $ 0.69 , an increase of $ 0.15 , or 28 percent , compared to the same period in the prior year . Included in second quarter 2021 results were $ 524,000 in net after - tax merger - related and net branch right - sizing costs . Excluding the impact of these items , core earnings were $ 75.4 million for the second quarter of 2021 , compared to $ 60.1 million for the second quarter of 2020 , an increase of $ 15.3 million , or 25 percent . Core diluted earnings per share were $ 0.69 , an increase of $ 0.14 , or 25 percent , from the comparable period in 2020 . On a year - to - date basis , net income for the first half of 2021 was $ 142.3 million , or $ 1.31 diluted earnings per share , compared to $ 136.0 million , or $ 1.22 diluted earnings per share , for the first half of 2020. Excluding $ 2.9 million in net after - tax merger - related and net branch right - sizing costs and the after - tax gain primarily associated with the sale of branches in Illinois , core earnings for the first half of 2021 were $ 139.4 million , an increase of $ 5.4 million compared to the first half of last year . Core diluted earnings per share for the first half of 2021 were $ 1.28 , an increase of $ 0.07 , or 6 percent , from the comparable period of 2020 . " Overall we were very pleased with our results for the quarter as we delivered solid performance in multiple areas while continuing to navigate the challenging environment , " said George A , Makris , Jr. , Simmons ' chairman and CEO . " While loan growth throughout the financial services industry continues to be hampered by the significant amounts of government stimulus in the economy that has resulted in sluggish loan demand and historically high levels of paydowns , Simmons generated $ 1.8 billion in loan originations and advances during the first half of 2021 , putting us on pace to significantly exceed loan production volume reported for the full - year of 2020. Our commercial loan pipeline has increased for three consecutive quarters and we are cautiously optimistic that this trend is a positive sign going forward . " P.O. BOX 7009 501 MAIN STREET PINE BLUFF , ARKANSAS 71611-7009 ( 870 ) 541-1000 www.simmonsbank.com