Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 296

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 296
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 item that qualifies as adjusted to ensure that the Company’s “adjusted” results are properly reflected for period-to-period comparisons. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes certain items does not represent the amount that effectively accrues directly to stockholders (i.e., certain items are included in earnings and stockholders’ equity). Additionally, similarly titled non-GAAP financial measures used by other companies may not be computed in the same or similar fashion.

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See Table 14 below for the reconciliation of non-GAAP financial measures, which exclude certain items for the periods presented.

Table 14: Reconciliation of Adjusted Earnings (non-GAAP) 

 Three Months EndedNine Months EndedSeptember 30,June 30,September 30,September 30,(In thousands, except per share data)2025202520252024Net income available to common stockholders$(562,792)$54,773 $(475,631)$104,374 Certain items:Loss on early extinguishment of debt570 — 570 — FDIC Special Assessment— — — 1,832 Early retirement program305 1,594 1,899 336 Termination of vendor and software services— — — 602 Loss on sale of securities801,492 — 801,492 28,393 Branch right sizing (net)2,004 163 3,161 1,165 Tax effect (1)(176,649)(459)(177,368)(8,449)Certain items, net of tax627,722 1,298 629,754 23,879 Adjusted earnings (non-GAAP)$64,930 $56,071 $154,123 $128,253 Diluted earnings per share(2)$(4.00)$0.43 $(3.63)$0.83 Certain items:Loss on early extinguishment of debt— — — — FDIC Special Assessment— — — 0.02 Early retirement program— 0.01 0.02 — Termination of vendor and software services— — — — Loss on sale of securities5.70 — 6.11