Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 164

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 164
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non-GAAP)

 Three Months EndedNine Months EndedSeptember 30,June 30,September 30,September 30,(In thousands)2025202520252024Noninterest income$(756,187)$42,354 $(667,678)$103,613 Certain items:Loss on early extinguishment of debt570 — 570 — Loss on sale of securities801,492 — 801,492 28,393 Total certain items802,062 — 802,062 28,393 Adjusted noninterest income (non-GAAP)$45,875 $42,354 $134,384 $132,006 Noninterest expense$142,032 $138,589 $425,201 $416,426 Certain items:Early retirement program(305)(1,594)(1,899)(336)Termination of vendor and software services— — — (602)FDIC Special Assessment— — — (1,832)Branch right sizing(2,004)(163)(3,161)(1,165)Total certain items(2,309)(1,757)(5,060)(3,935)Adjusted noninterest expense (non-GAAP)$139,723 $136,832 $420,141 $412,491 

See Table 16 below for the reconciliation of tangible book value per share.

Table 16: Reconciliation of Tangible Book Value per Share (non-GAAP) 

September 30,December 31,(In thousands, except per share data)20252024Total common stockholders’ equity$3,353,963 $3,528,872 Intangible assets:Goodwill(1,320,799)(1,320,799)Other intangible assets(87,520)(97,242)Total intangibles(1,408,319)(1,418,041)Tangible common stockholders’ equity$1,945,644 $2,110,831 Shares of common stock outstanding144,703,075 125,651,540 Book value per common share$23.18 $28.08 Tangible book value per share (non-GAAP)$13.45 $16.80 

78

See Table 17 below for the calculation of tangible common equity and the reconciliation of tangible common equity to tangible assets.

Table 17: Reconciliation of Tangible Common