Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 123

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 123
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 equity Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier 1 capital (as defined) to average assets (as defined). Management believes that, as of December 31, 2024, we met all capital adequacy requirements to which we are subject.

As of the most recent notification from regulatory agencies, Simmons Bank was well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Company and Simmons Bank must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the bank’s categories.

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Our risk-based capital ratios at December 31, 2024 and 2023 are presented in Table 18 below:

Table 18: Risk-Based Capital 

 December 31,(Dollars in thousands)20242023Tier 1 capital:   Stockholders’ equity$3,528,872 $3,426,488 CECL transition provision30,873 61,746 Goodwill and other intangible assets(1,385,128)(1,398,810)Unrealized loss on available-for-sale securities, net of income taxes360,910 404,375 Total Tier 1 capital2,535,527 2,493,799 Tier 2 capital:Subordinated notes and debentures366,293 366,141 Subordinated debt phase out(132,000)(66,000)Qualifying allowance for credit losses and reserve for unfunded commitments222,313 170,977 Total Tier 2 capital456,606 471,118 Total risk-based capital$2,992,133 $2,964,917  Risk weighted assets$20,473,960$20,599,238Assets for leverage ratio$26,037,459$26,552,988    Ratios at end of year:   Common equity Tier 1 ratio (CET1)12.38 %12.11 %Tier 1 leverage ratio9.74 %9.39 %Tier 1 risk-based capital ratio12.38 %12.11 %Total risk-based capital ratio14.61 %14.39 %Minimum guidelines:Common equity Tier 1 ratio (CET1