Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 42

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 42
---
104,374 Certain items:Loss on early extinguishment of debt570 — 570 — FDIC Special Assessment— — — 1,832 Early retirement program305 1,594 1,899 336 Termination of vendor and software services— — — 602 Loss on sale of securities801,492 — 801,492 28,393 Branch right sizing (net)2,004 163 3,161 1,165 Tax effect (1)(176,649)(459)(177,368)(8,449)Certain items, net of tax627,722 1,298 629,754 23,879 Adjusted earnings (non-GAAP)$64,930 $56,071 $154,123 $128,253 Diluted earnings per share(2)$(4.00)$0.43 $(3.63)$0.83 Certain items:Loss on early extinguishment of debt— — — — FDIC Special Assessment— — — 0.02 Early retirement program— 0.01 0.02 — Termination of vendor and software services— — — — Loss on sale of securities5.70 — 6.11 0.23 Branch right sizing (net)0.01 — 0.02 0.01 Tax effect (1)(1.25)— (1.34)(0.07)Certain items, net of tax4.46 0.01 4.81 0.19 Adjusted diluted earnings per share (non-GAAP)$0.46 $0.44 $1.18 $1.02 

_______________________________________

(1)Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective tax rate of 26.135% on all other items.

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

77

See Table 15 below for the reconciliation of adjusted noninterest income and adjusted noninterest expense for the periods presented.

Table 15: Reconciliations of Adjusted Noninterest Income (non-GAAP) and Adjusted Noninterest Expense (non-GAAP)

 Three Months EndedNine Months EndedSeptember 30,June 30,September 30,September 30