Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 91

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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Average common shares outstanding125,800 125,340 Average potential dilutive common shares537 322 Average diluted common shares126,337 125,662 Basic earnings per share$0.26 $0.31 Diluted earnings per share$0.26 $0.31 There were 317,660 stock options excluded from the three months ended March 31, 2025 earnings per share calculation due to the related stock option exercise price exceeding the average market price of the Company’s stock during the period. There were 410,490 stock options excluded from the earnings per share calculation for the three months ended March 31, 2024 due to the related stock option exercise price exceeding the average market price of the Company’s stock during the period.

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NOTE 16: ADDITIONAL CASH FLOW INFORMATION

 The following is a summary of the Company’s additional cash flow information:  Three Months EndedMarch 31,(In thousands)20252024Interest paid$158,890 $167,127 Income taxes paid445 422 Transfers of loans to foreclosed assets held for sale1,210 661 

NOTE 17: OTHER INCOME AND OTHER OPERATING EXPENSES

 Other income for the three months ended March 31, 2025 and 2024 was $8.0 million and $7.2 million, respectively.Other operating expenses consisted of the following:  Three Months EndedMarch 31,(In thousands)20252024Professional services$4,867 $4,067 Postage2,280 2,037 Telephone1,479 1,720 Credit card expense 3,029 3,328 Marketing6,826 6,648 Software and technology10,036 10,743 Operating supplies627 639 Amortization of intangibles3,527 3,850 Branch right sizing expense994 236 Other expense12,386 9,245 Total other operating expenses$46,051 $42,513 

NOTE 18: OPERATING SEGMENTS

Operating segments are components of an enterprise about which separate financial information is available that is regularly evaluated by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company is organized with community and commercial banking groups. Each of these groups provide one or more similar banking services, including such products and services as loans; time deposits, checking