Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 225

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 225
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 Board and the Arkansas State Bank Department include the definitions for (1) a well-capitalized institution, (2) an adequately-capitalized institution, and (3) an undercapitalized institution. The criteria for a well-capitalized institution are: a 5% “Tier l leverage capital” ratio, an 8% “Tier 1 risk-based capital” ratio, 10% “total risk-based capital” ratio; and a 6.5% “common equity Tier 1 (CET1)” ratio. The Company and Simmons Bank must hold a capital conservation buffer of 2.5% composed of CET1 capital above its minimum risk-based capital requirements. Failure to meet this capital conservation buffer would result in additional limits on dividends, other distributions and discretionary bonuses. As of June 30, 2025, the Company and Simmons Bank met all capital adequacy requirements, including the capital conservation buffer, under the Basel III Capital Rules. The Company’s CET1 ratio was 12.36% at June 30, 2025.

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NOTE 14: STOCK-BASED COMPENSATION

 The Company’s Board of Directors has adopted various stock-based compensation plans, including the 2023 Stock and Incentive Plan that was approved by shareholders and became effective April 18, 2023. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance stock units and stock awards. Pursuant to the plans, shares are reserved for future issuance by the Company upon exercise of stock options or awards of restricted stock, restricted stock units, performance stock units or stock awards granted to directors, officers and other key employees or consultants.The table below summarizes the transactions under the Company’s active stock-based compensation plans for the six months ended June 30, 2025:  Stock OptionsOutstandingNon-vested Stock Awards OutstandingNon-vested Stock Units Outstanding (Shares in thousands)Numberof SharesWeightedAverageExercisePriceNumberof SharesWeightedAverageGrant-DateFair ValueNumberof SharesWeightedAverageGrant-DateFair ValueBeginning balance, January 1, 2025323 $22.92 — $— 1,521 $21.04 Granted— — — — 708 20.78 Stock options exercised— — — — — — Stock awards/units vested (earned)— — —