Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 211

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 211
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 of the Company’s stock during the period.

35

NOTE 16: ADDITIONAL CASH FLOW INFORMATION

 The following is a summary of the Company’s additional cash flow information:  Three Months EndedMarch 31,(In thousands)20252024Interest paid$158,890 $167,127 Income taxes paid445 422 Transfers of loans to foreclosed assets held for sale1,210 661 

NOTE 17: OTHER INCOME AND OTHER OPERATING EXPENSES

 Other income for the three months ended March 31, 2025 and 2024 was $8.0 million and $7.2 million, respectively.Other operating expenses consisted of the following:  Three Months EndedMarch 31,(In thousands)20252024Professional services$4,867 $4,067 Postage2,280 2,037 Telephone1,479 1,720 Credit card expense 3,029 3,328 Marketing6,826 6,648 Software and technology10,036 10,743 Operating supplies627 639 Amortization of intangibles3,527 3,850 Branch right sizing expense994 236 Other expense12,386 9,245 Total other operating expenses$46,051 $42,513 

NOTE 18: OPERATING SEGMENTS

Operating segments are components of an enterprise about which separate financial information is available that is regularly evaluated by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company is organized with community and commercial banking groups. Each of these groups provide one or more similar banking services, including such products and services as loans; time deposits, checking and savings accounts; treasury management; and credit cards. Loan products include consumer, real estate, commercial, agricultural, equipment, warehouse lending and SBA lending. The individual banking groups have similar operating and economic characteristics. While the CODM monitors the revenue streams of the various products, services, branch locations, divisions and groups, operations are managed, financial performance is evaluated, and management makes decisions on how to allocate resources, on a Company-wide basis. Accordingly, the respective groups are considered by management to be aggregated into one reportable operating segment. The Company also considers its wealth group, which provides trust and investment services, as well as insurance services, to be operating segments. Information on these segments is not reported separately since they do not meet the quantitative thresholds