Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 32

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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 assets (as defined). Management believes that, as of June 30, 2025, we meet all capital adequacy requirements to which we are subject. As of the most recent notification from regulatory agencies, Simmons Bank was well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Company and Simmons Bank must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the institution’s categories.

The Company’s risk-based capital ratios at June 30, 2025 and December 31, 2024 are presented in Table 11 below:

Table 11: Risk-Based CapitalJune 30,December 31,(Dollars in thousands)20252024Tier 1 capital:  Stockholders’ equity$3,549,210 $3,528,872 CECL transition provision— 30,873 Goodwill and other intangible assets(1,379,104)(1,385,128)Unrealized loss on available-for-sale securities, net of income taxes380,900 360,910 Total Tier 1 capital2,551,006 2,535,527 Tier 2 capital:Subordinated notes and debentures366,369 366,293 Subordinated debt phase out(198,000)(132,000)Qualifying allowance for credit losses and reserve for unfunded commitments258,079 222,313 Total Tier 2 capital426,448 456,606 Total risk-based capital$2,977,454 $2,992,133 Risk weighted assets$20,646,324 $20,473,960 Assets for leverage ratio$25,606,135 $26,037,459 Ratios at end of period:Common equity Tier 1 ratio (CET1)12.36 %12.38 %Tier 1 leverage ratio9.96 %9.74 %Tier 1 risk-based capital ratio12.36 %12.38 %Total risk-based capital ratio14.42 %14.61 %Minimum guidelines:Common equity Tier 1 ratio (CET1)4.50 %4.50 %Tier 1 leverage ratio4.00 %4.00 %Tier 1 risk-based capital ratio