Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 262

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 262
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— 1,549 Early retirement program— 200 219 Branch right sizing (net)994 1,581 236 Tax effect (1)(260)(466)(524)Certain items, net of tax734 1,315 1,480 Adjusted earnings (non-GAAP)$33,122 $49,634 $40,351 Diluted earnings per share(2)$0.26 $0.38 $0.31 Certain items:FDIC Special Assessment— — 0.01 Early retirement program— — — Branch right sizing (net)— 0.01 — Tax effect (1)— — — Certain items, net of tax— 0.01 0.01 Adjusted diluted earnings per share (non-GAAP)$0.26 $0.39 $0.32 

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(1)Effective tax rate of 26.135%.

(2)See Note 15, Earnings Per Share (“EPS”), for number of shares used to determine EPS.

68

See Table 13 below for the reconciliation of adjusted noninterest expense for the periods presented.

Table 13: Reconciliation of Adjusted Noninterest Expense (non-GAAP)

 Three Months EndedMarch 31,December 31,March 31,(In thousands)202520242024Noninterest expense$144,580 $141,117 $139,879 Certain items:Early retirement program— (200)(219)FDIC Special Assessment— — (1,549)Branch right sizing(994)(1,581)(236)Total certain items(994)(1,781)(2,004)Adjusted noninterest expense (non-GAAP)$143,586 $139,336 $137,875 

See Table 14 below for the reconciliation of tangible book value per common share.

Table 14: Reconciliation of Tangible Book Value per Common Share (non-GAAP) 

March 31,December 31,(In thousands, except per share data)20252024Total common stockholders’ equity$3,531,485 $3,528,872 Intangible assets:Goodwill(1,320,799)(1,320,799)Other intangible assets(93,714)(97,242)Total intangibles(1,414,513)(1,418,041)Tangible common stockholders