Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 38

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 38
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 financial measures permits investors and analysts to assess the performance of the Company on the same basis as that is applied by management and the Board of Directors.

Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. To mitigate these limitations, we have procedures in place to identify and approve each item that qualifies as adjusted to ensure that the Company’s “adjusted” results are properly reflected for period-to-period comparisons. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes certain items does not represent the amount that effectively accrues directly to stockholders (i.e., certain items are included in earnings and stockholders’ equity). Additionally, similarly titled non-GAAP financial measures used by other companies may not be computed in the same or similar fashion.

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See Table 12 below for the reconciliation of non-GAAP financial measures, which exclude certain items for the periods presented.

Table 12: Reconciliation of Adjusted Earnings (non-GAAP) 

 Three Months EndedSix Months EndedJune 30,March 31,June 30,June 30,(In thousands, except per share data)2025202520252024Net income available to common stockholders$54,773 $32,388 $87,161 $79,634 Certain items:FDIC Special Assessment— — — 1,832 Early retirement program1,594 — 1,594 337 Termination of vendor and software services— — — 615 Branch right sizing (net)163 994 1,157 755 Tax effect (1)(459)(260)(719)(925)Certain items, net of tax1,298 734 2,032 2,614 Adjusted earnings (non-GAAP)$56,071 $33,122 $89,193 $82,248 Diluted earnings per share(2)$0.43 $0.26 $0.69 $0.63 Certain items:FDIC Special Assessment— — — 0.02 Early retirement program0.01 — 0.01 — Termination of vendor and software services— — — — Branch right sizing (net)—