Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 100

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 100
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 failure of certain banks in 2023, adjusted deposit insurance expense increased by $2.6 million primarily due to an increased base assessment rate related to changes in the mix of deposits.

Amortization of intangibles recorded for the years ended December 31, 2024, and 2023 was $15.4 million and $16.3 million, respectively. See Note 7, Goodwill and Other Intangible Assets, in the accompanying Notes to Consolidated Financial Statements for additional information regarding our intangibles.

45

Table 6 below shows noninterest expense for the years ended December 31, 2024, 2023 and 2022, respectively, as well as changes in 2024 from 2023 and in 2023 from 2022.

Table 6: Noninterest Expense 

 Years Ended December 31,2024Change from2023Change from(Dollars in thousands)20242023202220232022Salaries and employee benefits$283,588 $279,919 $286,982 $3,669 1.3 %$(7,063)(2.5)%Early retirement program536 6,198 — (5,662)(91.4)6,198 *Occupancy expense, net48,214 46,741 44,321 1,473 3.2 2,420 5.5 Furniture and equipment expense22,047 20,741 20,665 1,306 6.3 76 0.4 Other real estate and foreclosure expense700 892 1,003 (192)(21.5)(111)(11.1)Deposit insurance23,938 29,986 11,608 (6,048)(20.2)18,378 *Merger related costs— 1,420 22,476 (1,420)(100.0)(21,056)(93.7)Other operating expenses:Professional services22,179 19,612 19,138 2,567 13.1 474 2.5 Postage8,735 9,458 8,955 (723)(7.6)503 5.6 Telephone6,388 6,965 6,394 (577)(8.3)571 8.9 Credit card expenses12,886 13,243 12,243