Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 253

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 253
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696 664,792 Interest expense143,199 144,415 287,614 345,983 Net interest income – FTE$178,246 $169,836 $348,082 $318,809 Yield on earning assets – FTE5.53 %5.47 %5.50 %5.58 %Cost of interest bearing liabilities3.12 %3.17 %3.15 %3.68 %Net interest spread – FTE2.41 %2.30 %2.35 %1.90 %Net interest margin – FTE3.06 %2.95 %3.01 %2.68 %

Table 2: Changes in Fully Taxable Equivalent Net Interest Margin 

Three Months EndedSix Months Ended(In thousands)June 30, 2025 compared to                       March 31, 2025June 30, 2025 compared to                    June 30, 2024Increase (decrease) due to change in earning assets$919 $(11,527)Increase (decrease) due to change in earning asset yields6,275 (17,569)Increase due to change in interest bearing liabilities332 11,902 Increase due to change in interest rates paid on interest bearing liabilities884 46,467 Increase in net interest income$8,410 $29,273 

54

Table 3 shows, for each major category of earning assets and interest bearing liabilities, the average (computed on a daily basis) amount outstanding, the interest earned or expensed on such amount and the average rate earned or expensed for the three months ended June 30, 2025 and March 31, 2025 and the six months ended June 30, 2025 and 2024, respectively. The table also shows the average rate earned on all earning assets, the average rate expensed on all interest bearing liabilities, the net interest spread and the net interest margin for the same periods. The analysis is presented on a fully taxable equivalent basis. Nonaccrual loans were included in average loans for the purpose of calculating the rate earned on total loans.

Table 3: Average Balance Sheets and Net Interest Income Analysis

(FTE = Fully Taxable Equivalent using an effective tax rate of 26.135%)

Three Months EndedJune 30, 2025March 31, 2025AverageIncome/Y