Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 43

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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Item 1.    Financial Statements (Unaudited)

Simmons First National Corporation

Consolidated Balance Sheets

March 31, 2025 and December 31, 2024

March 31,December 31,(In thousands, except share data)20252024 (Unaudited) ASSETS  Cash and noninterest bearing balances due from banks$423,171 $429,705 Interest bearing balances due from banks and federal funds sold211,115 257,672 Cash and cash equivalents634,286 687,377 Interest bearing balances due from banks - time100 100 Investment securities:Held-to-maturity, net of allowance for credit losses of $3,214 at March 31, 2025 and December 31, 20243,615,556 3,636,636 Available-for-sale, (amortized cost of $2,828,940 and $2,852,774 at March 31, 2025 and December 31, 2024, respectively)2,491,849 2,529,426 Total investments6,107,405 6,166,062 Mortgage loans held for sale8,351 11,417 Loans17,094,078 17,005,937 Allowance for credit losses on loans(252,168)(235,019)Net loans16,841,910 16,770,918 Premises and equipment573,616 585,431 Foreclosed assets and other real estate owned8,976 9,270 Interest receivable117,398 123,243 Bank owned life insurance535,324 531,805 Goodwill1,320,799 1,320,799 Other intangible assets93,714 97,242 Other assets551,112 572,385 Total assets$26,792,991 $26,876,049 LIABILITIES AND STOCKHOLDERS’ EQUITYDeposits:Noninterest bearing transaction accounts$4,455,255 $4,460,517 Interest bearing transaction accounts and savings deposits11,265,554 10,982,022 Time deposits5,963,811 6,443,211 Total deposits21,684,620 21,885,750 Federal funds purchased and securities sold under agreements to repurchase50,133 37,109 Other borrowings884