Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 101

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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, and, as a result, are reported within “Other” in the following table.The Company’s CODM is the chief executive officer. The CODM evaluates the performance of the Company’s reportable operating segments using net interest income and net income. The CODM analyzes on the spread between interest revenue and interest expense (net interest income) to assess performance and to allocate operating and capital resources. Therefore, interest revenue is presented net of interest expense. Additionally, the CODM reviews budgeted net income versus actual net income of the Company to allocate resources to meet the Company’s strategic objectives.

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The following table provides a summary of the Company’s reportable operating segment results for the three and six months ended June 30, 2025 and 2024.Three Months EndedJune 30, 2025June 30, 2024(In thousands)Community and Commercial BankingOtherConsolidatedCommunity and Commercial BankingOtherConsolidatedNet interest income$172,390 $(566)$171,824 $153,762 $143 $153,905 Noninterest income32,766 9,588 42,354 34,026 9,273 43,299 Total net revenue205,156 9,022 214,178 187,788 9,416 197,204 Noninterest expense:Salaries and employee benefits69,176 4,686 73,862 65,907 4,809 70,716 Occupancy expense, net11,361 483 11,844 11,420 444 11,864 Furniture and equipment expense5,474 — 5,474 5,622 1 5,623 Deposit insurance4,917 — 4,917 5,682 — 5,682 Other operating expenses (1)40,871 1,621 42,492 43,842 1,627 45,469 Total noninterest expense131,799 6,790 138,589 132,473 6,881 139,354 Income before provision for credit losses and income taxes73,357 2,232 75,589 55,315 2,535 57,850 Provision for credit losses11,945 — 11,945 11,099 — 11,099 Income tax expense8,866 5 8,871 5,969 19