Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 236

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 236
---
5 and 2024, respectively. Stock-based compensation expense is recognized ratably over the requisite service period for all stock-based awards. There was no unrecognized stock-based compensation expense related to stock options at September 30, 2025. Unrecognized stock-based compensation expense related to non-vested stock awards and stock units was $16.2 million at September 30, 2025. At such date, the weighted-average period over which this unrecognized expense is expected to be recognized was 1.6 years.There was no intrinsic value of stock options outstanding and stock options exercisable at September 30, 2025. Aggregate intrinsic value represents the difference between the Company’s closing stock price on the last trading day of the period, which was $19.17 as of September 30, 2025, and the exercise price multiplied by the number of options outstanding. There was no intrinsic value of stock options exercised during the nine months ended September 30, 2025. There total intrinsic value of stock options exercised during the nine months ended September 30, 2024 was $48,000.The fair value of the Company’s employee stock options granted is estimated on the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. There were no stock options granted during the nine months ended September 30, 2025 and 2024.

38

NOTE 15: EARNINGS PER SHARE (“EPS”)

 Basic EPS is computed by dividing reported net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common stockholders by the weighted average common shares and all potential dilutive common shares outstanding during the period. The computation of earnings per share is as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In thousands, except per share data)2025202420252024Net income (loss) available to common stockholders$(562,792)$24,740 $(475,631)$104,374 Average common shares outstanding140,234 125,538 130,718 125,449 Average potential dilutive common shares415 461 415 461 Average diluted common shares140,649 125,999 131,133 125,910 Basic earnings per share$(4.01)$0.20 $(3.64