Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 210

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 210
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 to stock options at March 31, 2025. Unrecognized stock-based compensation expense related to non-vested stock awards and stock units was $21.5 million at March 31, 2025. At such date, the weighted-average period over which this unrecognized expense is expected to be recognized was 2.0 years. There was no intrinsic value of stock options outstanding and stock options exercisable at March 31, 2025. Aggregate intrinsic value represents the difference between the Company’s closing stock price on the last trading day of the period, which was $20.53 as of March 31, 2025, and the exercise price multiplied by the number of options outstanding. There was no intrinsic value of stock options exercised during the three months ended March 31, 2025 and 2024.The fair value of the Company’s employee stock options granted is estimated on the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. There were no stock options granted during the three months ended March 31, 2025 and 2024.

NOTE 15: EARNINGS PER SHARE (“EPS”)

 Basic EPS is computed by dividing reported net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common stockholders by the weighted average common shares and all potential dilutive common shares outstanding during the period. The computation of earnings per share is as follows:Three Months EndedMarch 31,(In thousands, except per share data)20252024Net income available to common stockholders$32,388 $38,871 Average common shares outstanding125,800 125,340 Average potential dilutive common shares537 322 Average diluted common shares126,337 125,662 Basic earnings per share$0.26 $0.31 Diluted earnings per share$0.26 $0.31 There were 317,660 stock options excluded from the three months ended March 31, 2025 earnings per share calculation due to the related stock option exercise price exceeding the average market price of the Company’s stock during the period. There were 410,490 stock options excluded from the earnings per share calculation for the three months ended March 31, 2024 due to the related stock option exercise price exceeding the average market price