Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 137

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 137
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 certain items, adjusted noninterest income for the three month period ended September 30, 2025 increased $3.5 million, or 8.3%, from the prior sequential quarter. The increase in adjusted noninterest income on a sequential quarter basis was primarily due to a $1.4 million Small Business Investment Company (“SBIC”) negative valuation adjustment recorded during the prior sequential quarter, which is included in “Other income” in the table below. 

Noninterest income (loss) for the nine months ended September 30, 2025 decreased by approximately $771.3 million as compared to the nine months ended September 30, 2024. The decrease, as compared to the same period in 2024, was primarily due to losses on sale of securities of $801.5 million discussed above and $28.4 million, recognized during each respective period. Adjusting for these certain items, adjusted noninterest income for the nine month period ended September 30, 2025 increased $2.4 million, or 1.8%, from the prior comparative period.

Table 5 shows noninterest income for the three month periods ended September 30, 2025 and June 30, 2025 and the nine months ended September 30, 2025 and 2024, respectively, as well as changes between periods.

Table 5: Noninterest Income (Loss)

Three Months EndedNine Months EndedSeptember 30,June 30,ChangeSeptember 30,September 30,Change(Dollars in thousands)20252025$%20252024$%Service charges on deposit accounts$13,045 $12,588 $457 3.6%$38,268 $36,920 $1,348 3.7%Debit and credit card fees8,478 8,567 (89)(1.0)25,491 24,552 939 3.8Wealth management fees9,965 9,464 501 5.329,058 26,683 2,375 8.9Mortgage lending income2,259 1,687 572 33.95,959 6,249 (290)(4.6)Bank owned life insurance income3,943 3,890 53 1.411,925 11,447 478 4.2Other service charges and fees1,474 1,321 153 11.