Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 45

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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,629 8,398 Mortgage lending income2,013 2,320 Bank owned life insurance income4,092 3,814 Other service charges and fees1,333 1,279 Other income8,007 7,172 TOTAL NONINTEREST INCOME46,155 43,184 NONINTEREST EXPENSESalaries and employee benefits74,824 72,653 Occupancy expense, net12,651 12,258 Furniture and equipment expense5,465 5,141 Other real estate and foreclosure expense198 179 Deposit insurance5,391 7,135 Other operating expenses46,051 42,513 TOTAL NONINTEREST EXPENSE144,580 139,879 INCOME BEFORE INCOME TAXES38,200 45,005 Provision for income taxes5,812 6,134 NET INCOME$32,388 $38,871 BASIC EARNINGS PER SHARE$0.26 $0.31 DILUTED EARNINGS PER SHARE$0.26 $0.31 

See Condensed Notes to Consolidated Financial Statements.4

Simmons First National Corporation

Consolidated Statements of Comprehensive Income (Loss)

Three Months Ended March 31, 2025 and 2024

 Three Months EndedMarch 31,(In thousands)20252024 (Unaudited)NET INCOME$32,388 $38,871 OTHER COMPREHENSIVE INCOME (LOSS)Unrealized holding gains (losses) arising during the period on available-for-sale securities4,278 (26,149)Less: Realized gains (losses) on available-for-sale securities interest rate hedges19,186 (15,375)Less: Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity(5,702)(5,845)Other comprehensive income (loss), before tax effect(9,206)(4,929)Less: Tax effect of other comprehensive income (loss)(2,406)(1,288)TOTAL OTHER COMPREHENSIVE INCOME (LOSS)(6,800)(3,641)COMPREHENSIVE INCOME$25,588 $35,230 

See Condensed Notes to Consolidated Financial Statements.5

Simmons First National Corporation

Consolidated Statements of Cash Flows

Three Months