Simmons First National and Schwab prepare to report third-quarter results

what happened

According to stockstory.org, Simmons First National will release its third-quarter results on Thursday after the market closes, while Charles Schwab will report before the open. In the previous quarter, Simmons First National generated $251.6 million in revenue, up 14.1% year on year. The company met revenue expectations but fell short of analysts’ estimates for EPS and net interest income.

The market expects Simmons First National’s revenue to increase 7.6% year on year this quarter, compared with 12.7% growth in the same period last year. Analysts have broadly reaffirmed their forecasts over the past 30 days. Among banking peers, FB Financial reported flat year-on-year revenue, missing estimates by 2.8%, while Citigroup posted 7.9% revenue growth and exceeded expectations by 0.6%.

Charles Schwab reported $7.07 billion in revenue last quarter, a 20.9% year-on-year increase, beating expectations for revenue, EBITDA and EPS. Analysts now see revenue growth of 17.1%, down from 26.6% in the same quarter last year. Goldman Sachs increased revenue by 23%, beating estimates by 11.5%, while Jefferies grew revenue by 8.5% and topped forecasts by 1.1%.

Over the past month, bank stocks have declined 7.5% on average, while Simmons First National shares have fallen 4.7%. Charles Schwab is down 10.4%. Average analyst price targets stand at $25.93 and $122.32, compared with current share prices of $22.16 and $96.16, respectively.

why it matters

The reports will show whether revenue growth remains resilient across banking and financial services as expected rates of expansion moderate. Results from larger peers may also shape views on sector demand and equity performance.

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