Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 212

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 212
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 under ASC Topic 280-10-50-12, and, as a result, are reported within “Other” in the following table.The Company’s CODM is the chief executive officer. The CODM evaluates the performance of the Company’s reportable operating segments using net interest income and net income. The CODM analyzes on the spread between interest revenue and interest expense (net interest income) to assess performance and to allocate operating and capital resources. Therefore, interest revenue is presented net of interest expense. Additionally, the CODM reviews budgeted net income versus actual net income of the Company to allocate resources to meet the Company’s strategic objectives.

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The following table provides a summary of the Company’s reportable operating segment results for the three months ended March 31, 2025 and 2024.Three Months EndedMarch 31, 2025March 31, 2024(In thousands)Community and Commercial BankingOtherConsolidatedCommunity and Commercial BankingOtherConsolidatedNet interest income$162,872 $550 $163,422 $151,919 $(13)$151,906 Noninterest income36,359 9,796 46,155 34,201 8,983 43,184 Total net revenue199,231 10,346 209,577 186,120 8,970 195,090 Noninterest expense:Salaries and employee benefits70,024 4,800 74,824 68,243 4,410 72,653 Occupancy expense, net12,174 477 12,651 11,807 451 12,258 Furniture and equipment expense5,465 — 5,465 5,140 1 5,141 Deposit insurance5,391 — 5,391 7,135 — 7,135 Other operating expenses (1)44,919 1,330 46,249 41,025 1,667 42,692 Total noninterest expense137,973 6,607 144,580 133,350 6,529 139,879 Income before provision for credit losses and income taxes61,258 3,739 64,997 52,770 2,441 55,211 Provision for credit losses26,797 — 26,797 10,206 — 10,206 Income tax expense5,802 10 5