Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 259

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 259
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ChangeJune 30,June 30,Change(Dollars in thousands)20252025$%20252024$%Service charges on deposit accounts$12,588 $12,635 $(47)(0.4)%$25,223 $24,207 $1,016 4.2%Debit and credit card fees8,567 8,446 121 1.417,013 16,408 605 3.7Wealth management fees9,464 9,629 (165)(1.7)19,093 17,585 1,508 8.6Mortgage lending income1,687 2,013 (326)(16.2)3,700 4,293 (593)(13.8)Bank owned life insurance income3,890 4,092 (202)(4.9)7,982 7,690 292 3.8Other service charges and fees1,321 1,333 (12)(0.9)2,654 2,718 (64)(2.4)Other income4,837 8,007 (3,170)(39.6)12,844 13,582 (738)(5.4)Total noninterest income$42,354 $46,155 $(3,801)(8.2)%$88,509 $86,483 $2,026 2.3%

Recurring fee income (total service charges, wealth management fees, debit and credit card fees) was $31.9 million and $32.0 million for the three month periods ended June 30, 2025 and March 31, 2025, respectively, and was $64.0 million and $60.9 million for the six month periods ended June 30, 2025 and 2024, respectively.

NONINTEREST EXPENSE

Noninterest expense consists of salaries and employee benefits, occupancy, equipment, foreclosure losses and other expenses necessary for our operations. Management remains committed to controlling the level of noninterest expense through the continued use of expense control measures. We utilize an extensive profit planning and reporting system involving all subsidiaries. Based on a needs assessment of the business plan for the upcoming year, monthly and annual profit plans are developed, including manpower and capital expenditure budgets. These profit plans are subject to extensive initial reviews and monitored by management monthly. Variances from the plan are