Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 95

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 95
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 2.10 2.95 Net interest margin$654,285 2.74 $675,569 2.78 $741,987 3.17 

42

Table 4 shows changes in interest income and interest expense resulting from changes in volume and changes in interest rates for the years 2024 versus 2023 and 2023 versus 2022. The changes in interest rate and volume have been allocated to changes in average volume and changes in average rates in proportion to the relationship of absolute dollar amounts of the changes in rates and volume.

Table 4: Volume/Rate Analysis

 Years Ended December 31, 2024 vs. 20232023 vs. 2022 Yield/  Yield/ (In thousands, on a fully taxable equivalent basis)VolumeRateTotalVolumeRateTotalIncrease (decrease) in:      Interest income:      Interest bearing balances due from banks and federal funds sold$(4,998)$3,316 $(1,682)$(5,033)$13,023 $7,990 Investment securities - taxable(26,454)36,689 10,235 (14,763)63,504 48,741 Investment securities - non-taxable490 (1,043)(553)(3,182)2,447 (735)Mortgage loans held for sale177 (3)174 (472)309 (163)Other loans held for sale— — — (791)(2,329)(3,120)Loans - including fees27,873 66,234 94,107 117,561 178,924 296,485 Total(2,912)105,193 102,281 93,320 255,878 349,198 Interest expense:Interest bearing transaction and savings accounts(1,279)70,752 69,473 (6,881)182,830 175,949 Time deposits15,120 42,728 57,848 57,399 140,522 197,921 Federal funds purchased and securities sold under agreements to repurchase(641)93 (548)(600)809 209 Other borrowings(6,672)1,282 (5,390)308 35,275 35,583 Subordinated notes and debentures11 2,171