Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 226

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 226
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 taxes currently payable$3,110 $2,777 $20,538 $16,137 Deferred income taxes(163,842)(2,016)(166,587)(3,254)Provision for income taxes$(160,732)$761 $(146,049)$12,883 

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The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: September 30,December 31,(In thousands)20252024Deferred tax assets:  Loans acquired$1,418 $2,141 Allowance for credit losses60,528 55,196 Valuation of foreclosed assets375 374 Tax NOLs from acquisition6,766 9,945 Deferred compensation payable3,952 3,989 Accrued equity and other compensation9,656 9,323 Acquired securities7,526 7,504 Capitalized intangibles110,212 — Right-of-use lease liability14,709 16,416 Unrealized loss on AFS securities153,096 128,873 Allowance for unfunded commitments6,087 6,069 Other6,189 7,163 Gross deferred tax assets380,514 246,993 Deferred tax liabilities:Goodwill and other intangible amortization(36,759)(38,139)Accumulated depreciation(23,357)(24,489)Right-of-use lease asset(14,169)(15,920)Unrealized gain on swaps(15,928)(25,174)Deferred loan fees and costs— (2,075)Other(7,578)(11,193)Gross deferred tax liabilities(97,791)(116,990)Net deferred tax asset$282,723 $130,003 A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown for the periods indicated below: Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In thousands)2025202420252024Computed at the statutory rate (21%)$(151,940)$5,354 $(130,553)$24,624 Increase (decrease) in taxes resulting from:State income taxes, net of federal tax benefit(6,741)(644)(6,305)(1